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Ares Management Corporation ARES Real Assets Group — Income Tax

Other segment segments

Credit Group
$10M+70.0%
Private Equity Group
$752K-97.3%
Other
$0
Secondaries Group
$0

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ASSTAsset Management — Income tax expense (benefit)
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HHHOperating Assets Segment — Rental property real estate taxes
$15.71M+6.5%
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PNCAsset Management Group — Income tax benefit
$36M+12.5%
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NNIAsset Generation and Management — Income Tax Expense (Benefit)
$7.32M+2.3%
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PNCAsset Management Group — Income before taxes
$154M+12.4%
Equitable Holdings logo
EQHAsset Management — Income Tax Expense (Benefit), Adjusted
$49M+19.5%

Other financials

Income statement

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Revenue$1.4B+28.3%
Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%
Total debt$730.1M+6.4%
Total equity$4.0B-9.6%
Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$24.61B-33.7%
Enterprise value$24.77B-33.5%
P/E39.5×-37.8×
P/S4.2×-3.5×

Profitability

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Net margin10.5%+0.3pp
FCF margin-161.4%

Returns & leverage

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Return on equity14.7%+0.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Ares Management Corporation’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's real assets group — income tax?
Ares Management Corporation (ARES) reported real assets group — income tax of $6.6M in Q4 2025.
How has Ares Management Corporation's real assets group — income tax changed year-over-year?
Ares Management Corporation's real assets group — income tax increased by 182.8% year-over-year, from $2.34M to $6.6M.
What is the long-term trend for Ares Management Corporation's real assets group — income tax?
Over 4 years (2021 to 2025), Ares Management Corporation's real assets group — income tax has grown at a 118.1% compound annual growth rate (CAGR), from $1.17M to $26.42M.
What does real assets group — income tax mean?
The portion of the Real Assets segment's earnings allocated to income tax obligations based on the jurisdictional tax laws applicable to the segment's operations. This reflects the tax burden associated with the segment's profitability.