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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Net margin10.5%+0.3pp9.4%-2.5pp12.1%9.9%10.3%
Returns
Return on equity14.7%+0.6pp13.5%-3.6pp19.9%15.1%14.1%
Return on invested capital28%-5.0pp30.5%-18.4pp35.9%-23.2pp29.9%-30.8pp33%-39.5pp
Efficiency
Asset turnover0.2×0.0×0.2×+0.1×0.2×+0.1×0.2×+0.1×0.2×0.0×
Leverage
Debt-to-equity0.2×0.0×0.2×0.0×0.2×-0.1×0.2×0.0×0.2×0.0×
Valuation
Market capitalization$24.48B-19.6%$35.61B-0.3%$35.08B+12.8%$37.1B+39.7%$30.44B+18.4%
Price / earnings39.3×-30.2×67.5×-9.5×53.9×77.3×69.5×
Price / sales4.1×-3.0×6.4×-2.8×6.6×-1.9×7.7×-0.6×7.1×-0.2×
Price / book6.1×-0.8×8.3×-1.8×7.8×-7.1×8.5×-4.8×6.8×-7.7×

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Questions, answered.

Where do Ares Management Corporation's ratios come from?
Every ratio is computed from Ares Management Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.