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Ares Management Corp（ARES）与DigitalBridge Group, Inc.（DBRG）财务数据对比。点击上方公司名可切换其他公司
Ares Management Corp的季度营收约是DigitalBridge Group, Inc.的14.2倍（$1.5B vs $105.7M），DigitalBridge Group, Inc.净利率更高（61.5% vs 3.6%，领先57.9%），Ares Management Corp同比增速更快（19.5% vs 4.1%），过去两年Ares Management Corp的营收复合增速更高（45.9% vs 19.2%）
Ares Management Corp是一家全球知名的另类投资管理机构，业务覆盖信贷、私募股权及房地产三大投资领域。公司成立于1997年，在北美、欧洲、亚洲多地设有分支机构，为全球客户提供专业的另类资产管理服务。
DigitalBridge Group（DBRG）是全球领先的数字基础设施投资企业，核心业务覆盖通信基站、数据中心、光纤网络、小基站及边缘算力设施的投资、持有与运营。公司总部位于美国博卡拉顿，在洛杉矶、纽约、丹佛、伦敦、新加坡多地设有办公点，截至2025年6月，旗下管理资产规模达1060亿美元。
ARES vs DBRG — 直观对比
营收规模更大
ARES
是对方的14.2倍
$105.7M
营收增速更快
ARES
高出15.4%
4.1%
净利率更高
DBRG
高出57.9%
3.6%
两年增速更快
ARES
近两年复合增速
19.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $105.7M |
| 净利润 | $54.2M | $65.1M |
| 毛利率 | — | — |
| 营业利润率 | 13.7% | — |
| 净利率 | 3.6% | 61.5% |
| 营收同比 | 19.5% | 4.1% |
| 净利润同比 | -69.4% | — |
| 每股收益（稀释后） | — | $0.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARESDBRG
| Q4 25 | $1.5B | $105.7M | ||
| Q3 25 | $1.7B | $93.3M | ||
| Q2 25 | $1.4B | $85.3M | ||
| Q1 25 | $1.1B | $90.1M | ||
| Q4 24 | $1.3B | $101.6M | ||
| Q3 24 | $1.1B | $76.6M | ||
| Q2 24 | $788.7M | $390.3M | ||
| Q1 24 | $707.4M | $74.4M |
净利润ARESDBRG
| Q4 25 | $54.2M | $65.1M | ||
| Q3 25 | $288.9M | $31.4M | ||
| Q2 25 | $137.1M | $31.6M | ||
| Q1 25 | $47.2M | $13.8M | ||
| Q4 24 | $177.3M | — | ||
| Q3 24 | $118.5M | $13.8M | ||
| Q2 24 | $94.9M | $91.4M | ||
| Q1 24 | $73.0M | $-29.6M |
营业利润率ARESDBRG
| Q4 25 | 13.7% | — | ||
| Q3 25 | 39.3% | -13.9% | ||
| Q2 25 | 21.3% | -31.2% | ||
| Q1 25 | 13.0% | -11.5% | ||
| Q4 24 | 31.8% | 5.7% | ||
| Q3 24 | 29.0% | 62.4% | ||
| Q2 24 | 40.2% | 33.5% | ||
| Q1 24 | 32.7% | -20.7% |
净利率ARESDBRG
| Q4 25 | 3.6% | 61.5% | ||
| Q3 25 | 17.4% | 33.7% | ||
| Q2 25 | 10.2% | 37.1% | ||
| Q1 25 | 4.3% | 15.3% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 10.5% | 18.0% | ||
| Q2 24 | 12.0% | 23.4% | ||
| Q1 24 | 10.3% | -39.8% |
每股收益（稀释后）ARESDBRG
| Q4 25 | — | $0.28 | ||
| Q3 25 | — | $0.09 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $0.44 | ||
| Q1 24 | — | $-0.28 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $382.5M |
| 总债务越低越好 | — | $298.8M |
| 股东权益账面价值 | $4.3B | $2.1B |
| 总资产 | $28.6B | $3.4B |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资ARESDBRG
| Q4 25 | — | $382.5M | ||
| Q3 25 | — | $358.4M | ||
| Q2 25 | — | $340.7M | ||
| Q1 25 | — | $349.9M | ||
| Q4 24 | — | $302.2M | ||
| Q3 24 | — | $294.4M | ||
| Q2 24 | — | $261.2M | ||
| Q1 24 | — | $247.4M |
总债务ARESDBRG
| Q4 25 | — | $298.8M | ||
| Q3 25 | — | $327.9M | ||
| Q2 25 | — | $298.0M | ||
| Q1 25 | — | $296.9M | ||
| Q4 24 | — | $296.4M | ||
| Q3 24 | — | $295.8M | ||
| Q2 24 | — | $295.3M | ||
| Q1 24 | — | $366.5M |
股东权益ARESDBRG
| Q4 25 | $4.3B | $2.1B | ||
| Q3 25 | $4.5B | $2.1B | ||
| Q2 25 | $4.4B | $2.0B | ||
| Q1 25 | $4.5B | $2.0B | ||
| Q4 24 | $3.5B | $2.0B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.0B | $2.0B | ||
| Q1 24 | $1.8B | $1.8B |
总资产ARESDBRG
| Q4 25 | $28.6B | $3.4B | ||
| Q3 25 | $27.0B | $3.5B | ||
| Q2 25 | $27.3B | $3.4B | ||
| Q1 25 | $27.2B | $3.4B | ||
| Q4 24 | $24.9B | $3.5B | ||
| Q3 24 | $24.5B | $3.5B | ||
| Q2 24 | $24.2B | $3.5B | ||
| Q1 24 | $24.4B | $3.5B |
负债/权益比ARESDBRG
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.20× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-483.7M | $259.3M |
| 自由现金流经营现金流 - 资本支出 | — | $258.0M |
| 自由现金流率自由现金流/营收 | — | 244.0% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | -8.92× | 3.99× |
| 过去12个月自由现金流最近4个季度 | — | $440.5M |
8季度趋势，按日历期对齐
经营现金流ARESDBRG
| Q4 25 | $-483.7M | $259.3M | ||
| Q3 25 | $1.3B | $56.5M | ||
| Q2 25 | $415.7M | $77.0M | ||
| Q1 25 | $2.0B | $50.3M | ||
| Q4 24 | $807.6M | $60.1M | ||
| Q3 24 | $841.3M | $35.9M | ||
| Q2 24 | $432.2M | $22.5M | ||
| Q1 24 | $710.0M | $-27.0M |
自由现金流ARESDBRG
| Q4 25 | — | $258.0M | ||
| Q3 25 | — | $56.1M | ||
| Q2 25 | — | $76.4M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $56.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $22.3M | ||
| Q1 24 | — | $-30.1M |
自由现金流率ARESDBRG
| Q4 25 | — | 244.0% | ||
| Q3 25 | — | 60.2% | ||
| Q2 25 | — | 89.5% | ||
| Q1 25 | — | 55.5% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -40.4% |
资本支出强度ARESDBRG
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 4.1% |
现金转化率ARESDBRG
| Q4 25 | -8.92× | 3.99× | ||
| Q3 25 | 4.64× | 1.80× | ||
| Q2 25 | 3.03× | 2.43× | ||
| Q1 25 | 42.28× | 3.65× | ||
| Q4 24 | 4.55× | — | ||
| Q3 24 | 7.10× | 2.61× | ||
| Q2 24 | 4.55× | 0.25× | ||
| Q1 24 | 9.72× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
DBRG
暂无分部数据
