Ares Capital (ARCC) EV to FCF (2021 - 2026)
Ares Capital's (ARCC) quarterly EV to FCF came in at 38.46 in Q2 2026, up 155.68% year-over-year from 15.04 in Q2 2025, and down 43.09% quarter-over-quarter from 67.57 in Q1 2026.
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Ares Capital (ARCC) EV to FCF (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported EV to FCF for 6 consecutive years, with 38.46 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF rose 155.68% year-over-year to 38.46 in Q2 2026; TTM through Jun 2026 was 19.0, a 64.82% decrease from a year earlier, with the FY2025 full-year figure at 8.09, down 22.28% from the prior year.
- EV to FCF was 38.46 for Q2 2026 at Ares Capital, down from 67.57 in the prior quarter.
- Over five years, EV to FCF peaked at 415.9 in Q3 2022 and troughed at 578.55 in Q1 2024.
- A 5-year average of 17.9 and a median of 21.3 in 2024 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF sank 5354.69% in 2024 and jumped 237.97% in 2026, its largest moves.
- Over 5 years, EV to FCF stood at 25.79 in 2022, then declined by 20.15% to 30.98 in 2023, then plunged by 69.52% to 52.52 in 2024, then soared by 38.07% to 32.52 in 2025, then jumped by 218.25% to 38.46 in 2026.
- The last three EV to FCF figures came in at 38.46 (Q2 2026), 67.57 (Q1 2026), and 32.52 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.46 |
| Mar 31, 2026 | 67.57 |
| Dec 31, 2025 | -32.52 |
| Sep 30, 2025 | -17.56 |
| Jun 30, 2025 | -69.07 |
| Mar 31, 2025 | -48.97 |
| Dec 31, 2024 | -52.52 |
| Sep 30, 2024 | -25.03 |
| Jun 30, 2024 | -9.51 |
| Mar 31, 2024 | -578.55 |
| Dec 31, 2023 | -30.98 |
| Sep 30, 2023 | 229.38 |
| Jun 30, 2023 | -209.48 |
| Mar 31, 2023 | 11.01 |
| Dec 31, 2022 | -25.79 |
| Sep 30, 2022 | 415.90 |
| Jun 30, 2022 | -5.93 |
| Mar 31, 2022 | 21.47 |
| Dec 31, 2021 | -5.40 |