Ares Capital (ARCC) EV to EBITDA (2021 - 2026)
Ares Capital's (ARCC) quarterly EV to EBITDA came in at 35.21 in Q2 2026, down 18.16% year-over-year from 43.02 in Q2 2025, and up 14.4% quarter-over-quarter from 30.78 in Q1 2026.
Analysis
Ares Capital (ARCC) EV to EBITDA (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported EV to EBITDA for 6 consecutive years, with 35.21 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 18.16% year-over-year to 35.21 in Q2 2026; TTM through Jun 2026 was 8.57, a 16.46% decrease from a year earlier, with the FY2025 full-year figure at 9.52, changed 0.12% from the prior year.
- EV to EBITDA was 35.21 for Q2 2026 at Ares Capital, up from 30.78 in the prior quarter.
- Over five years, EV to EBITDA peaked at 48.95 in Q1 2022 and troughed at 25.29 in Q4 2022.
- A 5-year average of 34.89 and a median of 35.09 in 2024 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA plunged 44.46% in 2022 and jumped 37.01% in 2025, its largest moves.
- Over 5 years, EV to EBITDA stood at 25.29 in 2022, then advanced by 24.22% to 31.42 in 2023, then rose by 20.42% to 37.84 in 2024, then declined by 5.16% to 35.88 in 2025, then slipped by 1.88% to 35.21 in 2026.
- The last three EV to EBITDA figures came in at 35.21 (Q2 2026), 30.78 (Q1 2026), and 35.88 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.21 |
| Mar 31, 2026 | 30.78 |
| Dec 31, 2025 | 35.88 |
| Sep 30, 2025 | 38.90 |
| Jun 30, 2025 | 43.02 |
| Mar 31, 2025 | 39.36 |
| Dec 31, 2024 | 37.84 |
| Sep 30, 2024 | 34.96 |
| Jun 30, 2024 | 31.40 |
| Mar 31, 2024 | 36.60 |
| Dec 31, 2023 | 31.42 |
| Sep 30, 2023 | 36.14 |
| Jun 30, 2023 | 31.42 |
| Mar 31, 2023 | 30.00 |
| Dec 31, 2022 | 25.29 |
| Sep 30, 2022 | 27.54 |
| Jun 30, 2022 | 33.31 |
| Mar 31, 2022 | 48.95 |
| Dec 31, 2021 | 38.18 |
| Sep 30, 2021 | 49.59 |