English

ARES MANAGEMENT CORPORATION

EDGAR

ARES Current report (8-K) · filed 2026-10-29

Annual consolidated revenue for 2025: about USD 5.601B, using the latest reported figures. The previous period, 2024, was about USD 3.885B.

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Watchlist

Latest quarter

Revenue

1.43 billion USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 1428610000 USD Source

Net margin

10.54%

2026 Q2 · %

Exact inputs and evidence

Net Income: 150635000 USD Source
Revenue: 1428610000 USD Source

Operating cash flow

-351 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 55070000 USD Source
Operating Cash Flow: 406515000 USD Source

Cash and cash equivalents: 152 million USD 2019-09-30 Source
Exact value

152203000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 313 million shares 2024-12-31 Source
Exact value

313170171 shares

Reported share-count change

1.82% · 5.58 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

307585576 shares · 2023-12-31· Source
313170171 shares · 2024-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Capital expenditure

18.4 million USD

2018-01-01 – 2018-12-31

Exact inputs and evidence

Capital expenditure: 2857000 USD · 2018-01-01 – 2018-03-31 Source
Capital expenditure: 7126000 USD · 2018-01-01 – 2018-06-30 Source
Capital expenditure: 2857000 USD · 2018-01-01 – 2018-03-31 Source
Capital expenditure: 14437000 USD · 2018-01-01 – 2018-09-30 Source
Capital expenditure: 7126000 USD · 2018-01-01 – 2018-06-30 Source
Capital expenditure: 18419000 USD · 2018-01-01 – 2018-12-31 Source
Capital expenditure: 14437000 USD · 2018-01-01 – 2018-09-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
operating income: No compatible figures in this window
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 4 of 11 periods available· newest 2018-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 11 of 11 periods available· newest 2025-12-31
current assets: No compatible figures in this window
current liabilities: No compatible figures in this window
Cash and cash equivalents: 2 of 11 periods available· newest 2018-12-31
long term debt: No compatible figures in this window
Shares outstanding: 8 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+44.2%

Prior period

USD 3.88 billion

2024-01-01 – 2024-12-31
Current period

USD 5.6 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

5601482000 − 3884781000 = 1716701000 USD

3884781000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
5601482000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · ARES MANAGEMENT CORPORATION · 2025-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Year-over-year change in Revenue: 1716701000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 5601482000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6623050 Filing: 000162828026011413 Input fundies:Revenue: 3884781000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6707798 Filing: 000162828026011413
The citation records this snapshot. The page link may show a newer release later.
Net income
+13.7%

Prior period

USD 463.74 million

2024-01-01 – 2024-12-31
Current period

USD 527.36 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

527362000 − 463742000 = 63620000 USD

463742000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
527362000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · ARES MANAGEMENT CORPORATION · 2025-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Year-over-year change in Net income: 63620000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 527362000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6679090 Filing: 000162828026011413 Input fundies:NetIncome: 463742000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6762486 Filing: 000162828026011413
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+17%

Prior period

USD 2.79 billion

2024-01-01 – 2024-12-31
Current period

USD 3.27 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

3266959000 − 2791154000 = 475805000 USD

2791154000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
3266959000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · ARES MANAGEMENT CORPORATION · 2025-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Year-over-year change in Operating cash flow: 475805000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 3266959000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6913212 Filing: 000162828026011413 Input fundies:OperatingCashFlow: 2791154000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#7037886 Filing: 000162828026011413
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 5.6 billion 100% of revenue
Operating costs Derived Unavailable An input is unavailable.
Operating income Unavailable An input is unavailable.
Tax, interest and other Derived Unavailable An input is unavailable.
Net income USD 527.36 million 9.4% of revenue

Cash

Operating cash flow USD 3.27 billion 58% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	964800000	Unavailable	Unavailable	Unavailable	111808000	-637568000 Derived	Source 2016-01-01 – 2016-12-31: 964800000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 111808000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: -625655000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 11913000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	1085043000	Unavailable	Unavailable	Unavailable	76178000	-1896174000 Derived	Source 2017-01-01 – 2017-12-31: 1085043000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 76178000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: -1863014000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 33160000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	1218239000	Unavailable	Unavailable	Unavailable	57020000	-1435477000 Derived	Source 2018-01-01 – 2018-12-31: 1218239000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 57020000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: -1417058000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 18419000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	1433126000	Unavailable	Unavailable	Unavailable	148884000	Unavailable	Source 2019-01-01 – 2019-12-31: 1433126000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 148884000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: -2083021000 USD Inspect Operating Cash Flow Open source
2020 2020-01-01 – 2020-12-31	1764046000	Unavailable	Unavailable	Unavailable	152142000	Unavailable	Source 2020-01-01 – 2020-12-31: 1764046000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 152142000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: -425659000 USD Inspect Operating Cash Flow Open source
2021 2021-01-01 – 2021-12-31	4212091000	Unavailable	Unavailable	Unavailable	408837000	Unavailable	Source 2021-01-01 – 2021-12-31: 4212091000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 408837000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: -2596045000 USD Inspect Operating Cash Flow Open source
2022 2022-01-01 – 2022-12-31	3055443000	Unavailable	Unavailable	Unavailable	167541000	Unavailable	Source 2022-01-01 – 2022-12-31: 3055443000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 167541000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -734112000 USD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	3631884000	Unavailable	Unavailable	Unavailable	474326000	Unavailable	Source 2023-01-01 – 2023-12-31: 3631884000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 474326000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -233261000 USD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	3884781000	Unavailable	Unavailable	Unavailable	463742000	Unavailable	Source 2024-01-01 – 2024-12-31: 3884781000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 463742000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 2791154000 USD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	5601482000	Unavailable	Unavailable	Unavailable	527362000	Unavailable	Source 2025-01-01 – 2025-12-31: 5601482000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 527362000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 3266959000 USD Inspect Operating Cash Flow Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 5.6B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	964800000	Revenue: 964800000 Open source
20172017-12-31	Revenue	1085043000	Revenue: 1085043000 Open source
20182018-12-31	Revenue	1218239000	Revenue: 1218239000 Open source
20192019-12-31	Revenue	1433126000	Revenue: 1433126000 Open source
20202020-12-31	Revenue	1764046000	Revenue: 1764046000 Open source
20212021-12-31	Revenue	4212091000	Revenue: 4212091000 Open source
20222022-12-31	Revenue	3055443000	Revenue: 3055443000 Open source
20232023-12-31	Revenue	3631884000	Revenue: 3631884000 Open source
20242024-12-31	Revenue	3884781000	Revenue: 3884781000 Open source
20252025-12-31	Revenue	5601482000	Revenue: 5601482000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

44.2% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	18.5%	Revenue: 964800000 Open source Revenue: 814442000 Open source
20172017-12-31	Year over year	12.5%	Revenue: 1085043000 Open source Revenue: 964800000 Open source
20182018-12-31	Year over year	12.3%	Revenue: 1218239000 Open source Revenue: 1085043000 Open source
20192019-12-31	Year over year	17.6%	Revenue: 1433126000 Open source Revenue: 1218239000 Open source
20202020-12-31	Year over year	23.1%	Revenue: 1764046000 Open source Revenue: 1433126000 Open source
20212021-12-31	Year over year	138.8%	Revenue: 4212091000 Open source Revenue: 1764046000 Open source
20222022-12-31	Year over year	-27.5%	Revenue: 3055443000 Open source Revenue: 4212091000 Open source
20232023-12-31	Year over year	18.9%	Revenue: 3631884000 Open source Revenue: 3055443000 Open source
20242024-12-31	Year over year	7%	Revenue: 3884781000 Open source Revenue: 3631884000 Open source
20252025-12-31	Year over year	44.2%	Revenue: 5601482000 Open source Revenue: 3884781000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 9.4% 2025

Free cash flow margin -117.8% 2018

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Operating margin	Not reported	Revenue: 964800000 Open source
2017-12-31	Operating margin	Not reported	Revenue: 1085043000 Open source
2018-12-31	Operating margin	Not reported	Revenue: 1218239000 Open source
2019-12-31	Operating margin	Not reported	Revenue: 1433126000 Open source
2020-12-31	Operating margin	Not reported	Revenue: 1764046000 Open source
2021-12-31	Operating margin	Not reported	Revenue: 4212091000 Open source
2022-12-31	Operating margin	Not reported	Revenue: 3055443000 Open source
2023-12-31	Operating margin	Not reported	Revenue: 3631884000 Open source
2024-12-31	Operating margin	Not reported	Revenue: 3884781000 Open source
2025-12-31	Operating margin	Not reported	Revenue: 5601482000 Open source
20162016-12-31	Net margin	11.6%	Net Income: 111808000 Open source Revenue: 964800000 Open source
20172017-12-31	Net margin	7%	Net Income: 76178000 Open source Revenue: 1085043000 Open source
20182018-12-31	Net margin	4.7%	Net Income: 57020000 Open source Revenue: 1218239000 Open source
20192019-12-31	Net margin	10.4%	Net Income: 148884000 Open source Revenue: 1433126000 Open source
20202020-12-31	Net margin	8.6%	Net Income: 152142000 Open source Revenue: 1764046000 Open source
20212021-12-31	Net margin	9.7%	Net Income: 408837000 Open source Revenue: 4212091000 Open source
20222022-12-31	Net margin	5.5%	Net Income: 167541000 Open source Revenue: 3055443000 Open source
20232023-12-31	Net margin	13.1%	Net Income: 474326000 Open source Revenue: 3631884000 Open source
20242024-12-31	Net margin	11.9%	Net Income: 463742000 Open source Revenue: 3884781000 Open source
20252025-12-31	Net margin	9.4%	Net Income: 527362000 Open source Revenue: 5601482000 Open source
20162016-12-31	Free cash flow margin	-66.1%	Revenue: 964800000 Open source Operating Cash Flow: -625655000 Open source Capital Expenditure: 11913000 Open source
20172017-12-31	Free cash flow margin	-174.8%	Revenue: 1085043000 Open source Operating Cash Flow: -1863014000 Open source Capital Expenditure: 33160000 Open source
20182018-12-31	Free cash flow margin	-117.8%	Revenue: 1218239000 Open source Operating Cash Flow: -1417058000 Open source Capital Expenditure: 18419000 Open source
20192019-12-31	Free cash flow margin	Not reported	Revenue: 1433126000 Open source Operating Cash Flow: -2083021000 Open source
20202020-12-31	Free cash flow margin	Not reported	Revenue: 1764046000 Open source Operating Cash Flow: -425659000 Open source
20212021-12-31	Free cash flow margin	Not reported	Revenue: 4212091000 Open source Operating Cash Flow: -2596045000 Open source
20222022-12-31	Free cash flow margin	Not reported	Revenue: 3055443000 Open source Operating Cash Flow: -734112000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 3631884000 Open source Operating Cash Flow: -233261000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 3884781000 Open source Operating Cash Flow: 2791154000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 5601482000 Open source Operating Cash Flow: 3266959000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 3.3B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	-625655000	Operating Cash Flow: -625655000 Open source
20172017-12-31	Operating cash flow	-1863014000	Operating Cash Flow: -1863014000 Open source
20182018-12-31	Operating cash flow	-1417058000	Operating Cash Flow: -1417058000 Open source
20192019-12-31	Operating cash flow	-2083021000	Operating Cash Flow: -2083021000 Open source
20202020-12-31	Operating cash flow	-425659000	Operating Cash Flow: -425659000 Open source
20212021-12-31	Operating cash flow	-2596045000	Operating Cash Flow: -2596045000 Open source
20222022-12-31	Operating cash flow	-734112000	Operating Cash Flow: -734112000 Open source
20232023-12-31	Operating cash flow	-233261000	Operating Cash Flow: -233261000 Open source
20242024-12-31	Operating cash flow	2791154000	Operating Cash Flow: 2791154000 Open source
20252025-12-31	Operating cash flow	3266959000	Operating Cash Flow: 3266959000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -1.4B 2018

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	-637568000	Operating Cash Flow: -625655000 Open source Capital Expenditure: 11913000 Open source
20172017-12-31	Free cash flow	-1896174000	Operating Cash Flow: -1863014000 Open source Capital Expenditure: 33160000 Open source
20182018-12-31	Free cash flow	-1435477000	Operating Cash Flow: -1417058000 Open source Capital Expenditure: 18419000 Open source
20192019-12-31	Free cash flow	Unavailable	Operating Cash Flow: -2083021000 Open source
20202020-12-31	Free cash flow	Unavailable	Operating Cash Flow: -425659000 Open source
20212021-12-31	Free cash flow	Unavailable	Operating Cash Flow: -2596045000 Open source
20222022-12-31	Free cash flow	Unavailable	Operating Cash Flow: -734112000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: -233261000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: 2791154000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 3266959000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

69.6% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	76.4%	Total Liabilities: 4452450000 Open source Total Assets: 5829712000 Open source
20172017-12-31	Liabilities / assets	82.9%	Total Liabilities: 7103230000 Open source Total Assets: 8563522000 Open source
20182018-12-31	Liabilities / assets	86.3%	Total Liabilities: 8760351000 Open source Total Assets: 10154692000 Open source
20192019-12-31	Liabilities / assets	84.5%	Total Liabilities: 10155598000 Open source Total Assets: 12014196000 Open source
20202020-12-31	Liabilities / assets	83%	Total Liabilities: 12596852000 Open source Total Assets: 15168992000 Open source
20212021-12-31	Liabilities / assets	77.3%	Total Liabilities: 16694730000 Open source Total Assets: 21605164000 Open source
20222022-12-31	Liabilities / assets	77.7%	Total Liabilities: 17097810000 Open source Total Assets: 22002839000 Open source
20232023-12-31	Liabilities / assets	79.7%	Total Liabilities: 19709151000 Open source Total Assets: 24730500000 Open source
20242024-12-31	Liabilities / assets	70.3%	Total Liabilities: 17485922000 Open source Total Assets: 24884308000 Open source
20252025-12-31	Liabilities / assets	69.6%	Total Liabilities: 19931981000 Open source Total Assets: 28633369000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
2017-12-31	Current assets / current liabilities	Not reported	No source recorded
2018-12-31	Current assets / current liabilities	Not reported	No source recorded
2019-12-31	Current assets / current liabilities	Not reported	No source recorded
2020-12-31	Current assets / current liabilities	Not reported	No source recorded
2021-12-31	Current assets / current liabilities	Not reported	No source recorded
2022-12-31	Current assets / current liabilities	Not reported	No source recorded
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 111.81 million Exact value Exact value: 111808000 USD 2016-01-01 – 2016-12-31: 111808000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2016-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 111808000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 111808000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1375874 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.	−USD 625.66 million Exact value Exact value: -625655000 USD 2016-01-01 – 2016-12-31: -625655000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2016-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -625655000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -625655000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1374349 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.	USD 11.91 million Exact value Exact value: 11913000 USD 2016-01-01 – 2016-12-31: 11913000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ARES MANAGEMENT CORPORATION · 2016-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Capital Expenditure: 11913000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 11913000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463336 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.	−USD 637.57 million Calculation and evidence -625655000 − 11913000 USD Exact free cash flow: -637568000 USD 2016-01-01 – 2016-12-31: -625655000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 11913000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ARES MANAGEMENT CORPORATION · 2016-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Free cash flow: -637568000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -625655000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1374349 Filing: 000162828019001988 Input fundies:CapitalExpenditure: 11913000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463336 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 76.18 million Exact value Exact value: 76178000 USD 2017-01-01 – 2017-12-31: 76178000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2017-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 76178000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 76178000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828020002489/ares-20191231.htm#9266685 Filing: 000162828020002489 The citation records this snapshot. The page link may show a newer release later.	−USD 1.86 billion Exact value Exact value: -1863014000 USD 2017-01-01 – 2017-12-31: -1863014000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2017-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -1863014000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1863014000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828020002489/ares-20191231.htm#4580198 Filing: 000162828020002489 The citation records this snapshot. The page link may show a newer release later.	USD 33.16 million Exact value Exact value: 33160000 USD 2017-01-01 – 2017-12-31: 33160000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ARES MANAGEMENT CORPORATION · 2017-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Capital Expenditure: 33160000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 33160000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463547 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.	−USD 1.9 billion Calculation and evidence -1863014000 − 33160000 USD Exact free cash flow: -1896174000 USD 2017-01-01 – 2017-12-31: -1863014000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 33160000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ARES MANAGEMENT CORPORATION · 2017-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Free cash flow: -1896174000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1863014000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828020002489/ares-20191231.htm#4580198 Filing: 000162828020002489 Input fundies:CapitalExpenditure: 33160000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463547 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 57.02 million Exact value Exact value: 57020000 USD 2018-01-01 – 2018-12-31: 57020000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2018-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 57020000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 57020000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828021003314/ares-20201231.htm#7203135 Filing: 000162828021003314 The citation records this snapshot. The page link may show a newer release later.	−USD 1.42 billion Exact value Exact value: -1417058000 USD 2018-01-01 – 2018-12-31: -1417058000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2018-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -1417058000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1417058000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828021003314/ares-20201231.htm#7650330 Filing: 000162828021003314 The citation records this snapshot. The page link may show a newer release later.	USD 18.42 million Exact value Exact value: 18419000 USD 2018-01-01 – 2018-12-31: 18419000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ARES MANAGEMENT CORPORATION · 2018-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Capital Expenditure: 18419000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 18419000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463758 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.	−USD 1.44 billion Calculation and evidence -1417058000 − 18419000 USD Exact free cash flow: -1435477000 USD 2018-01-01 – 2018-12-31: -1417058000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 18419000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ARES MANAGEMENT CORPORATION · 2018-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Free cash flow: -1435477000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1417058000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828021003314/ares-20201231.htm#7650330 Filing: 000162828021003314 Input fundies:CapitalExpenditure: 18419000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828019001988/ares-20181231.xml#1463758 Filing: 000162828019001988 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 148.88 million Exact value Exact value: 148884000 USD 2019-01-01 – 2019-12-31: 148884000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2019-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 148884000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 148884000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828022004289/ares-20211231.htm#8130814 Filing: 000162828022004289 The citation records this snapshot. The page link may show a newer release later.	−USD 2.08 billion Exact value Exact value: -2083021000 USD 2019-01-01 – 2019-12-31: -2083021000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2019-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -2083021000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -2083021000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828022004289/ares-20211231.htm#8574653 Filing: 000162828022004289 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2020 2020-01-01 – 2020-12-31	USD 152.14 million Exact value Exact value: 152142000 USD 2020-01-01 – 2020-12-31: 152142000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2020-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 152142000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 152142000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828023005081/ares-20221231.htm#8818303 Filing: 000162828023005081 The citation records this snapshot. The page link may show a newer release later.	−USD 425.66 million Exact value Exact value: -425659000 USD 2020-01-01 – 2020-12-31: -425659000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2020-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -425659000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -425659000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828023005081/ares-20221231.htm#9255398 Filing: 000162828023005081 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2021-01-01 – 2021-12-31	USD 408.84 million Exact value Exact value: 408837000 USD 2021-01-01 – 2021-12-31: 408837000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2021-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 408837000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 408837000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828024007014/ares-20231231.htm#6736668 Filing: 000162828024007014 The citation records this snapshot. The page link may show a newer release later.	−USD 2.6 billion Exact value Exact value: -2596045000 USD 2021-01-01 – 2021-12-31: -2596045000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2021-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -2596045000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -2596045000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828024007014/ares-20231231.htm#7059488 Filing: 000162828024007014 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2022-01-01 – 2022-12-31	USD 167.54 million Exact value Exact value: 167541000 USD 2022-01-01 – 2022-12-31: 167541000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2022-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 167541000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 167541000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828025008665/ares-20241231.htm#4088558 Filing: 000162828025008665 The citation records this snapshot. The page link may show a newer release later.	−USD 734.11 million Exact value Exact value: -734112000 USD 2022-01-01 – 2022-12-31: -734112000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2022-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -734112000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -734112000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828025008665/ares-20241231.htm#7204775 Filing: 000162828025008665 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	USD 474.33 million Exact value Exact value: 474326000 USD 2023-01-01 – 2023-12-31: 474326000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2023-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 474326000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 474326000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#4027710 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	−USD 233.26 million Exact value Exact value: -233261000 USD 2023-01-01 – 2023-12-31: -233261000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2023-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: -233261000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -233261000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#7167491 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	USD 463.74 million Exact value Exact value: 463742000 USD 2024-01-01 – 2024-12-31: 463742000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2024-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 463742000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 463742000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6762486 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	USD 2.79 billion Exact value Exact value: 2791154000 USD 2024-01-01 – 2024-12-31: 2791154000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2024-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: 2791154000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2791154000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#7037886 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	USD 527.36 million Exact value Exact value: 527362000 USD 2025-01-01 – 2025-12-31: 527362000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES MANAGEMENT CORPORATION · 2025-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Net Income: 527362000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 527362000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6679090 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	USD 3.27 billion Exact value Exact value: 3266959000 USD 2025-01-01 – 2025-12-31: 3266959000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES MANAGEMENT CORPORATION · 2025-12-31 ARES MANAGEMENT CORPORATION (edgar:1176948) Operating Cash Flow: 3266959000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:42:31Z Snapshot: 2fbca020a3b1a3920ec51a910fa98a0db8635d0ebbb06756403649f6e697ad49 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1176948/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3266959000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1176948/000162828026011413/ares-20251231.htm#6913212 Filing: 000162828026011413 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

61 filings · 7,594 latest values · 7,594 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001176948, 1176948, ARES, ARES-PB, edgar:1176948

Also known as ARES MANAGEMENT CORPORATION, ARES MANAGEMENT LP, Ares Management Corp

ARES MANAGEMENT CORPORATION

Latest quarter

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2025 2025-01-01 – 2025-12-31

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