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Ares Management Corp（ARES）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Ares Management Corp的1.4倍（$2.1B vs $1.5B），Roper Technologies净利率更高（15.8% vs 3.6%，领先12.2%），Ares Management Corp同比增速更快（19.5% vs 11.3%），过去两年Ares Management Corp的营收复合增速更高（45.9% vs 10.5%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
ARES vs ROP — 直观对比
营收规模更大
ROP
是对方的1.4倍
$1.5B
营收增速更快
ARES
高出8.2%
11.3%
净利率更高
ROP
高出12.2%
3.6%
两年增速更快
ARES
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.1B |
| 净利润 | $54.2M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 13.7% | 27.2% |
| 净利率 | 3.6% | 15.8% |
| 营收同比 | 19.5% | 11.3% |
| 净利润同比 | -69.4% | 53.7% |
| 每股收益（稀释后） | — | $4.87 |
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ARESROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $788.7M | $1.7B |
净利润ARESROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $54.2M | $428.4M | ||
| Q3 25 | $288.9M | $398.5M | ||
| Q2 25 | $137.1M | $378.3M | ||
| Q1 25 | $47.2M | $331.1M | ||
| Q4 24 | $177.3M | $462.3M | ||
| Q3 24 | $118.5M | $367.9M | ||
| Q2 24 | $94.9M | $337.1M |
毛利率ARESROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率ARESROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 13.7% | 28.6% | ||
| Q3 25 | 39.3% | 28.4% | ||
| Q2 25 | 21.3% | 28.2% | ||
| Q1 25 | 13.0% | 27.9% | ||
| Q4 24 | 31.8% | 28.0% | ||
| Q3 24 | 29.0% | 28.1% | ||
| Q2 24 | 40.2% | 28.8% |
净利率ARESROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 3.6% | 20.8% | ||
| Q3 25 | 17.4% | 19.8% | ||
| Q2 25 | 10.2% | 19.5% | ||
| Q1 25 | 4.3% | 17.6% | ||
| Q4 24 | 14.1% | 24.6% | ||
| Q3 24 | 10.5% | 20.8% | ||
| Q2 24 | 12.0% | 19.6% |
每股收益（稀释后）ARESROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | — | $3.68 | ||
| Q2 25 | — | $3.49 | ||
| Q1 25 | — | $3.06 | ||
| Q4 24 | — | $4.29 | ||
| Q3 24 | — | $3.40 | ||
| Q2 24 | — | $3.12 |
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 | — | $382.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $4.3B | $18.8B |
| 总资产 | $28.6B | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资ARESROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | — | $297.4M | ||
| Q3 25 | — | $320.0M | ||
| Q2 25 | — | $242.4M | ||
| Q1 25 | — | $372.8M | ||
| Q4 24 | — | $188.2M | ||
| Q3 24 | — | $269.6M | ||
| Q2 24 | — | $251.5M |
总债务ARESROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARESROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $4.3B | $19.9B | ||
| Q3 25 | $4.5B | $20.0B | ||
| Q2 25 | $4.4B | $19.6B | ||
| Q1 25 | $4.5B | $19.2B | ||
| Q4 24 | $3.5B | $18.9B | ||
| Q3 24 | $2.1B | $18.5B | ||
| Q2 24 | $2.0B | $18.1B |
总资产ARESROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $28.6B | $34.6B | ||
| Q3 25 | $27.0B | $34.6B | ||
| Q2 25 | $27.3B | $33.2B | ||
| Q1 25 | $27.2B | $31.4B | ||
| Q4 24 | $24.9B | $31.3B | ||
| Q3 24 | $24.5B | $31.6B | ||
| Q2 24 | $24.2B | $29.8B |
负债/权益比ARESROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $507.0M |
| 自由现金流率自由现金流/营收 | — | 24.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | -8.92× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARESROP
| Q1 26 | — | — | ||
| Q4 25 | $-483.7M | $738.0M | ||
| Q3 25 | $1.3B | $869.5M | ||
| Q2 25 | $415.7M | $404.1M | ||
| Q1 25 | $2.0B | $528.7M | ||
| Q4 24 | $807.6M | $722.2M | ||
| Q3 24 | $841.3M | $755.4M | ||
| Q2 24 | $432.2M | $384.1M |
自由现金流ARESROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率ARESROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度ARESROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率ARESROP
| Q1 26 | — | — | ||
| Q4 25 | -8.92× | 1.72× | ||
| Q3 25 | 4.64× | 2.18× | ||
| Q2 25 | 3.03× | 1.07× | ||
| Q1 25 | 42.28× | 1.60× | ||
| Q4 24 | 4.55× | 1.56× | ||
| Q3 24 | 7.10× | 2.05× | ||
| Q2 24 | 4.55× | 1.14× |
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% |
ROP
暂无分部数据
