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Side-by-side financial comparison of Ares Management Corp (ARES) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $1.5B, roughly 1.1× Ares Management Corp). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 3.6%, a 10.1% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs 8.8%). 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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
ARES vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.6B |
| Net Profit | $54.2M | $226.1M |
| Gross Margin | — | 48.7% |
| Operating Margin | 13.7% | 24.2% |
| Net Margin | 3.6% | 13.7% |
| Revenue YoY | 19.5% | 8.8% |
| Net Profit YoY | -69.4% | 6.2% |
| EPS (diluted) | — | $0.91 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $788.7M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $54.2M | $193.1M | ||
| Q3 25 | $288.9M | $210.0M | ||
| Q2 25 | $137.1M | $180.8M | ||
| Q1 25 | $47.2M | $213.0M | ||
| Q4 24 | $177.3M | $248.2M | ||
| Q3 24 | $118.5M | $164.4M | ||
| Q2 24 | $94.9M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 13.7% | 22.3% | ||
| Q3 25 | 39.3% | 23.3% | ||
| Q2 25 | 21.3% | 22.4% | ||
| Q1 25 | 13.0% | 23.6% | ||
| Q4 24 | 31.8% | 23.4% | ||
| Q3 24 | 29.0% | 22.2% | ||
| Q2 24 | 40.2% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.6% | 11.7% | ||
| Q3 25 | 17.4% | 13.4% | ||
| Q2 25 | 10.2% | 11.8% | ||
| Q1 25 | 4.3% | 14.1% | ||
| Q4 24 | 14.1% | 16.2% | ||
| Q3 24 | 10.5% | 11.2% | ||
| Q2 24 | 12.0% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.72 | ||
| Q1 25 | — | $0.84 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $420.9M |
| Total DebtLower is stronger | — | $7.4B |
| Stockholders' EquityBook value | $4.3B | $6.9B |
| Total Assets | $28.6B | $20.3B |
| Debt / EquityLower = less leverage | — | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | — | $462.1M | ||
| Q3 25 | — | $388.3M | ||
| Q2 25 | — | $480.3M | ||
| Q1 25 | — | $515.0M | ||
| Q4 24 | — | $567.1M | ||
| Q3 24 | — | $694.7M | ||
| Q2 24 | — | $462.7M |
| Q1 26 | — | $7.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $4.3B | $6.9B | ||
| Q3 25 | $4.5B | $6.9B | ||
| Q2 25 | $4.4B | $6.9B | ||
| Q1 25 | $4.5B | $6.8B | ||
| Q4 24 | $3.5B | $6.5B | ||
| Q3 24 | $2.1B | $6.8B | ||
| Q2 24 | $2.0B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $28.6B | $20.7B | ||
| Q3 25 | $27.0B | $19.5B | ||
| Q2 25 | $27.3B | $19.0B | ||
| Q1 25 | $27.2B | $20.4B | ||
| Q4 24 | $24.9B | $19.0B | ||
| Q3 24 | $24.5B | $18.4B | ||
| Q2 24 | $24.2B | $16.9B |
| Q1 26 | — | 1.08× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-483.7M | $299.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | -8.92× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $-483.7M | $643.5M | ||
| Q3 25 | $1.3B | $456.2M | ||
| Q2 25 | $415.7M | $372.9M | ||
| Q1 25 | $2.0B | $272.2M | ||
| Q4 24 | $807.6M | $486.6M | ||
| Q3 24 | $841.3M | $336.6M | ||
| Q2 24 | $432.2M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $633.0M | ||
| Q3 25 | — | $421.5M | ||
| Q2 25 | — | $350.0M | ||
| Q1 25 | — | $259.5M | ||
| Q4 24 | — | $466.9M | ||
| Q3 24 | — | $310.7M | ||
| Q2 24 | — | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.3% | ||
| Q3 25 | — | 26.9% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 30.5% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | -8.92× | 3.33× | ||
| Q3 25 | 4.64× | 2.17× | ||
| Q2 25 | 3.03× | 2.06× | ||
| Q1 25 | 42.28× | 1.28× | ||
| Q4 24 | 4.55× | 1.96× | ||
| Q3 24 | 7.10× | 2.05× | ||
| Q2 24 | 4.55× | 2.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
