FN2 Earnings Intelligence
Ares Management Corporation cash flow
Ares Management Corporation (ARES) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $343.7 | $390 | $348.3 | $1,508 | $488.9 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $2,288.9 | $2,880 | $3,236.3 | $3,690.7 | $4,755.6 | $5,641.6 | $6,762.3 |
| % Growth | 30.5% | 25.8% | 12.4% | 14.0% | 28.9% | 18.6% | 19.9% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $1,053.3 | $1,468.4 | $1,733.2 | $2,014.9 | $2,628.7 | - | - |
| % Margin | 46.0% | 51.0% | 53.6% | 54.6% | 55.3% | - | - |
| Net Income | $408.8 | $167.5 | $474.3 | $463.7 | $527.4 | - | - |
| % Margin | 17.9% | 5.8% | 14.7% | 12.6% | 11.1% | - | - |
| Diluted EPS | - | - | - | - | - | $5.91 | $7.31 |
| % Growth | - | - | - | - | - | - | 23.6% |
| Operating Cash Flow | -$2,596 | -$734.1 | -$233.3 | $2,791.2 | $3,267 | - | - |
| CapEx | $27.2 | $35.8 | $67.2 | $91.5 | $72.2 | - | - |
| Free Cash Flow | -$2,623.3 | -$769.9 | -$300.4 | $2,699.6 | $3,194.8 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $2,288.9 | $2,880 | $3,236.3 | $3,690.7 | $4,755.6 | $5,641.6 | $6,762.3 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $1,053.3 | $1,468.4 | $1,733.2 | $2,014.9 | $2,628.7 | - | - |
| Net Income | $408.8 | $167.5 | $474.3 | $463.7 | $527.4 | - | - |
| Diluted EPS | - | - | - | - | - | $5.91 | $7.31 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $343.7 | $390 | $348.3 | $1,508 | $488.9 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $10,824 | $2,273.9 | $2,965.5 | $2,558.9 | $3,941.4 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$2,596 | -$734.1 | -$233.3 | $2,791.2 | $3,267 |
| Capital Expenditure | $27.2 | $35.8 | $67.2 | $91.5 | $72.2 |
| Free Cash Flow | -$2,623.3 | -$769.9 | -$300.4 | $2,699.6 | $3,194.8 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 30.5% | 25.8% | 12.4% | 14.0% | 28.9% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 46.0% | 51.0% | 53.6% | 54.6% | 55.3% |
| Net Margin | 17.9% | 5.8% | 14.7% | 12.6% | 11.1% |
| FCF Margin | -114.6% | -26.7% | -9.3% | 73.1% | 67.2% |
| Diluted EPS Growth | - | - | - | - | - |