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FY'25FY'24FY'23FY'22
Profitability
Net margin41.8%28.1%-12.4pp
Returns
Return on equity62.5%66.3%-34.8pp
Return on invested capital129.2%-112pp241.1%+4.1pp237%+40.2pp196.8%
Efficiency
Asset turnover0.8×+0.2×0.6×0.0×0.6×-0.1×0.7×-0.1×
Leverage
Debt-to-equity0.6×-0.1×0.8×+0.2×0.6×+0.1×0.5×0.0×
Valuation
Market capitalization$138.23B+16.0%$119.12B+60.9%$74.01B+57.1%$47.12B+0.2%
Price / earnings268.3×204.3×+62.6×
Price / sales27.7×-5.5×33.2×+12.0×21.2×+7.9×13.2×-1.1×
Price / book31.5×-21.4×52.9×+11.0×41.8×+12.6×29.3×-0.5×

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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.