# Ares Management Corporation Class A Common Stock (ARES) — Stock CV

Ares Management Corporation is a $26.7B financial services company. Revenue grew 16.9% over the last year, and it keeps 10¢ of every dollar of sales as profit. It trades at 41.3× earnings — in the cheapest third of its own history.

> Ares Management is one of the world's largest alternative-asset managers, with $622.5 billion in total assets under management, or AUM, including $384.9 billion in fee-earning AUM, at the end of 2025.

## Identity

- **Ticker**: ARES
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: LOS ANGELES, CA
- **Employees**: 4 297
- **Website**: https://www.aresmgmt.com
- **Market cap**: $26.7B
- **Last price**: $117.22
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $5.64B
- **Net income**: $559M
- **Free cash flow**: $836M
- **Net debt**: $2.49B
- **P/E**: 41.3
- **Revenue growth (YoY)**: 16.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 49 |
| Profitability | 58 |
| Health | 23 |
| Quality | 85 |
| Moat | 18 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +16.9% YoY
- [x] Profitable — $559M TTM
- [x] Profit growing — +36.5% YoY
- [x] Generates cash — $836M TTM
- [x] Debt under control — ~3.0y of cash flow to repay
- [x] Established company — $26.7B market cap
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.8 — distress
- [x] Pays a dividend — yield 7.31%
- [x] Valuation not extreme — P/E 41.3

## Experience (career milestones)

- **2026** — Ares agreed to acquire Whitestone REIT—operator of outdoor shopping centers across Arizona and…
- **Q1 2026** — 2 open-market insider purchases: ~10K shares bought by insiders
- **FY2025** — Best year on record: $527M net income
- **2024** — Ares Management acquired the international business of GLP Capital Partners (GCP), excluding its…
- **Jul 1, 2021** — Ares Management announced the completion of its acquisition of Black Creek Group's U.S
- **Jan 30, 2020** — Ares Management acquired a controlling stake in the Hong Kong–based alternative investment firm…
- **FY2019** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.20B in first reported year
- **2014** — Ares Management completed its initial public offering and is currently listed on the New York Stock…
- **2007** — A minority interest in the firm was acquired by an international institutional investor, Abu Dhabi…
- **2004** — It has several subsidiaries: *Ares Capital Corporation: established in 2004 and provides financing for middle market…

## Strengths

- Revenue growing 16.9% year over year

## Watch-outs

- Altman Z-Score 0.78 — elevated financial-distress risk
- Net debt would take ~15.6 years of free cash flow to repay
- Thin interest coverage (-0.3×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $4.21B | $409M | -$2.62B |
| FY2022 | $3.06B | $168M | -$770M |
| FY2023 | $3.63B | $474M | -$300M |
| FY2024 | $3.88B | $464M | $2.70B |
| FY2025 | $5.60B | $527M | $3.19B |

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Source: https://stockcv.com/ARES — derived from company filings; may be delayed or incomplete. Information, not investment advice.