ARES · Ares Management Corp
$117.55
+0.98 (+0.84%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$42.67B
Shares
360.28M
Volume · Oct 2
2.59M
Avg daily vol (3M)
2.14M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$116.57
Open$116.51
Day$113.06–119.18
52W close$96.50–178.28
Avg vol 30d2.1M
Short int16.1M · 4.5% float · 8.7d
Short vol64%
Last earningsOct 29, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Oct 29, 2026
Scheduled
· in 4 wks
filed Aug 7, 2026
call held Jul 31, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$5.30B
Trailing 12 months
Net income (TTM)
$636.35M
Trailing 12 months
Revenue growth YoY
+24.3%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
67.1
Trailing earnings · reciprocal yield 1.5%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
4.4%
Trailing 12 months
Shares change YoY
+2.3%
Year over year · more shares
Price change (1Y)
-24.4%
Trailing year
Short interest
4.5%
Latest settlement · 8.7 days to cover
AI Brief
Q2 FY26 earnings call · Jul 31, 2026
Q2 FY26
TL;DR. Ares reported record Q2 2026 fundraising of $36.4 billion, AUM up 17% YoY to $671.3 billion, FRE up 20% YoY and Realized Income up 31% YoY, while raising the quarterly dividend over 20% to $1.35 per share; management also noted a constructive deployment outlook but guided Q3 realized net performance income to only ~$10 million.
Bullish
- + AUM and fee-paying AUM each grew 17% year-over-year, with AUM reaching approximately $671 billion and FPAUM approximately $410 billion.
- + Fee Related Earnings grew 20% YoY and Realized Income grew over 30% YoY, both at or above long-term target ranges.
- + Declared a quarterly dividend of $1.35 per share, representing an increase of over 20% year-over-year.
- + Raised a record $36.4 billion in Q2, including a first-and-final close of Pathfinder III at $8.5 billion versus a $6.5 billion target/hard cap.
- + Investment pipeline improved ~20% quarter-over-quarter to a record, with $35.9 billion of deployment in Q2, up from ~$27 billion a year ago.
- + Year-to-date FRE margin of 42.3%, approximately 100 basis points above the prior year period, with management approaching the upper end of its 0–150 bp margin guidance.
Bearish
- − Guided Q3 realized net performance income to only approximately $10 million versus $50.9 million in Q2.
- − Private equity secondaries composite posted negative returns, with Q2 net return of (3.7)% and LTM net return of (1.3)%.
- − G&A expenses increased 22% YoY, partially driven by biennial firm-wide AGM expenses of approximately $9 million in Q2.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 16.4 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−10%
below
Price vs 50-day avg
−13%
below
RSI (14)
31
neutral
MACD trend
Negative
52-week position
25%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−16%
trailing
6-month return
+16%
trailing
YTD return
−28%
this year
Relative strength
+4%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $133 › 200d $130 — 50d above 200d
Institutional flow
Distributing
3 of 821 funds reported for Sep 30 · net -49 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.46% of float · ▲ +3.5% MoM · 8.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
821 holders — near 3-yr high, broad support
Squeeze score
66
elevated · 0–100
Fundamentals
Revenue growth
+29%
Y/Y
Free cash flow
$3.2B
Valuation
P/E 79.7
rich
Balance sheet
$63.3M
net debt
Quant / Vol
risk profile
Volatility
44%
annualized · 1-yr
Max drawdown
−46%
past year
ATR
3.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jul 31, 2026
third quarter
FRPR from open-ended core alternative credit fund
Non-GAAP
$62M
Realized net performance income
$10M
long-term
Long-term compound annual growth target for FRE
16% – 20%
2027 and beyond
FRE
$50M – $100M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−10%
Bearish
Price vs 50-day avg
−13%
Bearish
RSI (14)
31
Neutral
MACD trend
Negative
Bearish
52-week position
25%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $133 › 200d $130 — 50d above 200d
Institutional flow
Distributing
3 of 821 funds reported for Sep 30 · net -49 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.46% of float · ▲ +3.5% MoM · 8.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
821 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $97
Now $117 · 25%
Range high $178
vs 200-day avg -10%
vs 50-day avg -13%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Credit Group Fee Related Earnings non-GAAP | $498.45M | Three months ended June 30, 2026 filing | — |
| Credit Group Realized Income non-GAAP | $543.81M | Three months ended June 30, 2026 filing | — |
| Percent of management fees earned from perpetual capital or long-dated funds | 94% | the three months ended June 30, 2026 filing | — |
| Private Equity Group Fee Related Earnings non-GAAP | $15.3M | Three months ended June 30, 2026 filing | — |
| Private Equity Group Realized Income non-GAAP | $12.15M | Three months ended June 30, 2026 filing | — |
| Real Assets Group Fee Related Earnings non-GAAP | $147.19M | Three months ended June 30, 2026 filing | — |
| Real Assets Group Realized Income non-GAAP | $144.4M | Three months ended June 30, 2026 filing | — |
| Realized Income non-GAAP | $521.5M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Income before taxes $385.94M
+$60.45M Depreciation and amortization expense
+$182.78M Equity compensation expense
+$28.24M Acquisition-related compensation expense
+$692K Acquisition and merger-related expense
-$8.1M Placement fee adjustment
+$14.67M Other (income) expense, net
-$8.9M Income before taxes of non-controlling interests in consolidated subsidiaries
-$74.15M Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations
-$124.84M Total performance income—unrealized
+$123.75M Total performance related compensation—unrealized
-$59.03M Total net investment income—unrealized
= Realized Income $521.5M
|
|||
| Secondaries Group Fee Related Earnings non-GAAP | $60.91M | Three months ended June 30, 2026 filing | — |
| Secondaries Group Realized Income non-GAAP | $59.7M | Three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ARES
this stock
Ares Management Corp
|
$42.67B | -27.9% | +28.9% | 79.7 | 4.5% |
|
BLK
BlackRock, Inc.
|
$347.03B | -0.6% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -28.4% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -27.2% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -20.4% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ARES | -3.0% | -15.6% | +16.0% | +0.3% | -27.9% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -2.5% | -15.4% | +3.6% | +0.2% | -39.9% |
Capital returns
Latest dividend
$1.35
/ share · ex Sep 16, 2026
Paid (TTM)
$5.17
/ share · 4 payouts
Dividend yield (TTM, derived)
4.44%
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1176948
CUSIP
03990B101
13F (30d)
23 filings
18 filers
Visit website
Investor relations