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Side-by-side financial comparison of Ares Management Corp (ARES) and Sprouts Farmers Market, Inc. (SFM). Click either name above to swap in a different company.

Sprouts Farmers Market, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× Ares Management Corp). Sprouts Farmers Market, Inc. runs the higher net margin — 4.2% vs 3.6%, a 0.6% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs -72.2%). Over the past eight quarters, Ares Management Corp's revenue compounded faster (45.9% CAGR vs 6.5%).

Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997, with additional offices across North America, Europe, and Asia.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

ARES vs SFM — Head-to-Head

Bigger by revenue
SFM
SFM
1.4× larger
SFM
$2.1B
$1.5B
ARES
Growing faster (revenue YoY)
ARES
ARES
+91.7% gap
ARES
19.5%
-72.2%
SFM
Higher net margin
SFM
SFM
0.6% more per $
SFM
4.2%
3.6%
ARES
Faster 2-yr revenue CAGR
ARES
ARES
Annualised
ARES
45.9%
6.5%
SFM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARES
ARES
SFM
SFM
Revenue
$1.5B
$2.1B
Net Profit
$54.2M
$89.8M
Gross Margin
38.0%
Operating Margin
13.7%
5.7%
Net Margin
3.6%
4.2%
Revenue YoY
19.5%
-72.2%
Net Profit YoY
-69.4%
-76.4%
EPS (diluted)
$0.92

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARES
ARES
SFM
SFM
Q1 26
$2.1B
Q4 25
$1.5B
$2.1B
Q3 25
$1.7B
$2.2B
Q2 25
$1.4B
$2.2B
Q1 25
$1.1B
$2.2B
Q4 24
$1.3B
$2.0B
Q3 24
$1.1B
$1.9B
Q2 24
$788.7M
$1.9B
Net Profit
ARES
ARES
SFM
SFM
Q1 26
$89.8M
Q4 25
$54.2M
$89.8M
Q3 25
$288.9M
$120.1M
Q2 25
$137.1M
$133.7M
Q1 25
$47.2M
$180.0M
Q4 24
$177.3M
$79.6M
Q3 24
$118.5M
$91.6M
Q2 24
$94.9M
$95.3M
Gross Margin
ARES
ARES
SFM
SFM
Q1 26
38.0%
Q4 25
38.0%
Q3 25
38.7%
Q2 25
38.8%
Q1 25
39.6%
Q4 24
38.1%
Q3 24
38.1%
Q2 24
37.9%
Operating Margin
ARES
ARES
SFM
SFM
Q1 26
5.7%
Q4 25
13.7%
5.7%
Q3 25
39.3%
7.2%
Q2 25
21.3%
8.1%
Q1 25
13.0%
10.1%
Q4 24
31.8%
5.3%
Q3 24
29.0%
6.3%
Q2 24
40.2%
6.7%
Net Margin
ARES
ARES
SFM
SFM
Q1 26
4.2%
Q4 25
3.6%
4.2%
Q3 25
17.4%
5.5%
Q2 25
10.2%
6.0%
Q1 25
4.3%
8.0%
Q4 24
14.1%
4.0%
Q3 24
10.5%
4.7%
Q2 24
12.0%
5.0%
EPS (diluted)
ARES
ARES
SFM
SFM
Q1 26
$0.92
Q4 25
$0.93
Q3 25
$1.22
Q2 25
$1.35
Q1 25
$1.81
Q4 24
$0.78
Q3 24
$0.91
Q2 24
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARES
ARES
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$257.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
$1.4B
Total Assets
$28.6B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARES
ARES
SFM
SFM
Q1 26
$257.3M
Q4 25
$257.3M
Q3 25
$322.4M
Q2 25
$261.4M
Q1 25
$285.7M
Q4 24
$265.2M
Q3 24
$309.7M
Q2 24
$177.3M
Stockholders' Equity
ARES
ARES
SFM
SFM
Q1 26
$1.4B
Q4 25
$4.3B
$1.4B
Q3 25
$4.5B
$1.4B
Q2 25
$4.4B
$1.4B
Q1 25
$4.5B
$1.3B
Q4 24
$3.5B
$1.3B
Q3 24
$2.1B
$1.3B
Q2 24
$2.0B
$1.3B
Total Assets
ARES
ARES
SFM
SFM
Q1 26
$4.2B
Q4 25
$28.6B
$4.2B
Q3 25
$27.0B
$4.0B
Q2 25
$27.3B
$3.8B
Q1 25
$27.2B
$3.7B
Q4 24
$24.9B
$3.6B
Q3 24
$24.5B
$3.6B
Q2 24
$24.2B
$3.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARES
ARES
SFM
SFM
Operating Cash FlowLast quarter
$-483.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-8.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARES
ARES
SFM
SFM
Q1 26
Q4 25
$-483.7M
$138.5M
Q3 25
$1.3B
$167.1M
Q2 25
$415.7M
$111.2M
Q1 25
$2.0B
$299.1M
Q4 24
$807.6M
$124.9M
Q3 24
$841.3M
$209.1M
Q2 24
$432.2M
$91.6M
Free Cash Flow
ARES
ARES
SFM
SFM
Q1 26
Q4 25
$66.3M
Q3 25
$111.4M
Q2 25
$50.4M
Q1 25
$239.6M
Q4 24
$56.2M
Q3 24
$156.3M
Q2 24
$33.9M
FCF Margin
ARES
ARES
SFM
SFM
Q1 26
Q4 25
3.1%
Q3 25
5.1%
Q2 25
2.3%
Q1 25
10.7%
Q4 24
2.8%
Q3 24
8.0%
Q2 24
1.8%
Capex Intensity
ARES
ARES
SFM
SFM
Q1 26
Q4 25
3.4%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
2.7%
Q4 24
3.4%
Q3 24
2.7%
Q2 24
3.0%
Cash Conversion
ARES
ARES
SFM
SFM
Q1 26
Q4 25
-8.92×
1.54×
Q3 25
4.64×
1.39×
Q2 25
3.03×
0.83×
Q1 25
42.28×
1.66×
Q4 24
4.55×
1.57×
Q3 24
7.10×
2.28×
Q2 24
4.55×
0.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARES
ARES

Management Service$991.1M66%
Management Service Incentive$206.7M14%
Carried Interest$205.4M14%
Fee Related Performance Revenues$113.3M8%

SFM
SFM

Segment breakdown not available.

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