Ares Management Corporation (ARES) Stock

Ares Management Corporation (ARES) is a Financials stock trading at $140.26 (as of 2026-08-20), with a market capitalization of $43.93B and a trailing P/E of 69.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.

Understand Ares Management Corporation: how it makes money

Ares Management is an alternative asset manager that earns advisory and management fees from managing investment vehicles for institutional and retail investors, and can also earn fee-related performance revenues tied to investment results.

Ares' earnings power is structurally linked to how much capital is in fee-paying and incentive-eligible managed funds, and to how quickly available capital and dry powder get deployed, which can support both recurring fee revenue and fee-related performance revenues.

Business quality (Solid): The business model is clear (alternative asset management with AUM-based fees and performance-related fees). In this data, segment-level revenue is not cleanly provided, so the analysis relies more on operating KPIs (AUM, fee-paying AUM, dry powder, inflows, deployment) and limited fee-revenue line items.

Valuation: At 48× earnings, ARES trades 43% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Large and fee-paying AUM base: Fee-Paying Assets Under Management are 385.0 USD_B (out of 644.0 USD_B total Assets Under Management), which supports management-fee earnings.
  • Capital momentum and deployment activity: Net Inflows of Capital are 28.5 USD_B, while Available Capital is 158.0 USD_B and Dry Powder is 150.0 USD_B, alongside Capital Deployment of 41.7 USD_B.
  • Operating profitability is strong: Operating margin is 24.1% for the latest quarter provided (2026-03-31).

Bear case

  • Not all AUM is currently paying fees: Assets Under Management Not Yet Paying Fees are 104.8 USD_B, implying some capital may need time to convert into fee-generating vehicles.
  • Performance-fee contribution can be variable: The data lists Fee-Related Performance Revenues of 0.17 USD_B, so incentives are exposed to investment performance outcomes rather than being purely recurring.
  • Deployment timing risk: Even with Dry Powder of 150.0 USD_B and Available Capital of 158.0 USD_B, if future deployment slows, capital may remain idle for longer instead of immediately supporting fee and incentive revenue.
Valuation — source: SEC EDGAR (first-party)
Price$140.26
Market Cap$43.93B
P/E Ratio69.0
EV / EBITDA27.8
Price / Book5.11
Price / Sales8.28
DCF Value (model)$18.85
DCF Upside vs Price-86.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.76B
Net Margin11.1%
Revenue Growth (YoY)24.3%
Valuation vs Sector & Industry
Stock P/E69.0
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector356.0%
vs Industry99.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($4.21B)
Institutional Holders Tracked10
Congressional Trades (recent)8
Company
SectorFinancials
IndustryTrading
CEOMichael J. Arougheti
Employees3,504
CountryUS
IPO Date2014-05-02

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ARES earnings history · ARES institutional & insider holders · ARES KPIs & operating metrics · ARES financials · ARES investor presentations & press releases · ARES SEC filings · ARES peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.