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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Net margin42%+0.3pp41.8%-2.5pp44.3%
Returns
Return on equity63.1%+0.6pp62.5%-3.6pp66.1%
Return on assets8.6%+0.5pp8.1%+0.1pp8%
Return on invested capital124.2%-5.0pp129.2%-18.4pp147.6%-23.2pp170.8%-30.8pp201.6%-39.5pp
Efficiency
Asset turnover0.8×0.0×0.8×+0.1×0.7×+0.1×0.7×+0.1×0.6×0.0×
Leverage
Debt-to-equity0.6×0.0×0.6×0.0×0.6×-0.1×0.8×0.0×0.7×0.0×
Debt-to-assets0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Valuation
Market capitalization$132.28B-4.3%$138.23B-0.1%$138.36B+3.0%$134.39B+8.5%$123.84B+4.0%
Enterprise value$132.98B-4.2%$138.84B+0.7%$137.92B+3.0%$133.95B+8.7%$123.24B+4.1%
Price / earnings238.1×-30.2×268.3×-9.5×277.8×
Price / sales24.7×-3.0×27.7×-2.8×30.6×-1.9×32.5×-0.6×33×-0.2×
Price / book30.8×-0.8×31.5×-1.8×33.3×-7.1×40.4×-4.8×45.2×-7.7×
EV / sales24.9×-3.0×27.8×-2.6×30.4×-1.9×32.4×-0.5×32.9×-0.1×
Earnings yield7.2%+1.1pp6.1%+0.2pp5.9%

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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.