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Ares Management Corp（ARES）与RANGE RESOURCES CORP（RRC）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RANGE RESOURCES CORP的1.9倍（$1.5B vs $786.9M），RANGE RESOURCES CORP净利率更高（22.8% vs 3.6%，领先19.2%），Ares Management Corp同比增速更快（19.5% vs 18.0%），过去两年Ares Management Corp的营收复合增速更高（45.9% vs 14.6%）
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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
ARES vs RRC — 直观对比
营收规模更大
ARES
是对方的1.9倍
$786.9M
营收增速更快
ARES
高出1.6%
18.0%
净利率更高
RRC
高出19.2%
3.6%
两年增速更快
ARES
近两年复合增速
14.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $786.9M |
| 净利润 | $54.2M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 13.7% | — |
| 净利率 | 3.6% | 22.8% |
| 营收同比 | 19.5% | 18.0% |
| 净利润同比 | -69.4% | 88.8% |
| 每股收益（稀释后） | — | $0.75 |
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ARESRRC
| Q4 25 | $1.5B | $786.9M | ||
| Q3 25 | $1.7B | $655.3M | ||
| Q2 25 | $1.4B | $699.6M | ||
| Q1 25 | $1.1B | $846.3M | ||
| Q4 24 | $1.3B | $667.0M | ||
| Q3 24 | $1.1B | $567.9M | ||
| Q2 24 | $788.7M | $513.2M | ||
| Q1 24 | $707.4M | $598.8M |
净利润ARESRRC
| Q4 25 | $54.2M | $179.1M | ||
| Q3 25 | $288.9M | $144.3M | ||
| Q2 25 | $137.1M | $237.6M | ||
| Q1 25 | $47.2M | $97.1M | ||
| Q4 24 | $177.3M | $94.8M | ||
| Q3 24 | $118.5M | $50.7M | ||
| Q2 24 | $94.9M | $28.7M | ||
| Q1 24 | $73.0M | $92.1M |
毛利率ARESRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率ARESRRC
| Q4 25 | 13.7% | — | ||
| Q3 25 | 39.3% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 31.8% | — | ||
| Q3 24 | 29.0% | — | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 32.7% | — |
净利率ARESRRC
| Q4 25 | 3.6% | 22.8% | ||
| Q3 25 | 17.4% | 22.0% | ||
| Q2 25 | 10.2% | 34.0% | ||
| Q1 25 | 4.3% | 11.5% | ||
| Q4 24 | 14.1% | 14.2% | ||
| Q3 24 | 10.5% | 8.9% | ||
| Q2 24 | 12.0% | 5.6% | ||
| Q1 24 | 10.3% | 15.4% |
每股收益（稀释后）ARESRRC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.60 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.38 |
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 | — | $204.0K |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $4.3B | $4.3B |
| 总资产 | $28.6B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资ARESRRC
| Q4 25 | — | $204.0K | ||
| Q3 25 | — | $175.0K | ||
| Q2 25 | — | $134.0K | ||
| Q1 25 | — | $344.6M | ||
| Q4 24 | — | $304.5M | ||
| Q3 24 | — | $277.4M | ||
| Q2 24 | — | $251.1M | ||
| Q1 24 | — | $343.1M |
总债务ARESRRC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益ARESRRC
| Q4 25 | $4.3B | $4.3B | ||
| Q3 25 | $4.5B | $4.2B | ||
| Q2 25 | $4.4B | $4.1B | ||
| Q1 25 | $4.5B | $3.9B | ||
| Q4 24 | $3.5B | $3.9B | ||
| Q3 24 | $2.1B | $3.9B | ||
| Q2 24 | $2.0B | $3.9B | ||
| Q1 24 | $1.8B | $3.8B |
总资产ARESRRC
| Q4 25 | $28.6B | $7.4B | ||
| Q3 25 | $27.0B | $7.2B | ||
| Q2 25 | $27.3B | $7.1B | ||
| Q1 25 | $27.2B | $7.4B | ||
| Q4 24 | $24.9B | $7.3B | ||
| Q3 24 | $24.5B | $7.2B | ||
| Q2 24 | $24.2B | $7.3B | ||
| Q1 24 | $24.4B | $7.4B |
负债/权益比ARESRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.46× |
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 | $257.5M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -8.92× | 1.44× |
| 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ARESRRC
| Q4 25 | $-483.7M | $257.5M | ||
| Q3 25 | $1.3B | $247.5M | ||
| Q2 25 | $415.7M | $336.2M | ||
| Q1 25 | $2.0B | $330.1M | ||
| Q4 24 | $807.6M | $217.9M | ||
| Q3 24 | $841.3M | $245.9M | ||
| Q2 24 | $432.2M | $148.8M | ||
| Q1 24 | $710.0M | $331.9M |
现金转化率ARESRRC
| Q4 25 | -8.92× | 1.44× | ||
| Q3 25 | 4.64× | 1.72× | ||
| Q2 25 | 3.03× | 1.42× | ||
| Q1 25 | 42.28× | 3.40× | ||
| Q4 24 | 4.55× | 2.30× | ||
| Q3 24 | 7.10× | 4.85× | ||
| Q2 24 | 4.55× | 5.18× | ||
| Q1 24 | 9.72× | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
