Ares Capital (ARCC) FCF Margin (2009 - 2026)
Ares Capital's FCF Margin came in at 43.75% for Q2 2026, up 73.01 percentage points from -29.26% a year earlier and up 19.63 percentage points from the prior quarter.
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Analysis
Ares Capital (ARCC) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ares Capital reported FCF Margin of -21.89%, up 21.48 percentage points year-over-year; for FY2025, it came in at -56.26%, up 14.91 percentage points from FY2024.
- FCF Margin carries a five-year change of -17.87 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was -71.17% in FY2024 (-90.72 pp), 19.55% in FY2023 (+84.39 pp), -64.84% in FY2022 (+70.27 pp) and -135.11% in FY2021 (-96.72 pp).
- The Q2 2026 figure represents the highest quarterly FCF Margin since Q1 2023.
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +17.06 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q2 2023 (a gain of 305.58 percentage points), and the weakest in Q2 2024 (a drop of 167.00 percentage points).
- Business Quant data shows ARCC's FCF Margin at 24.12% (Q1 2026), -53.85% (Q4 2025) and -98.85% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 99.42% |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 56.70% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 10.46% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 50.83% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 11.45% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 73.88% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 137.88% |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 332.74% |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - | 61.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 137.88% |
| Jun 30, 2026 | 43.75% |
| Mar 31, 2026 | 24.12% |
| Dec 31, 2025 | -53.85% |
| Sep 30, 2025 | -98.85% |
| Jun 30, 2025 | -29.26% |
| Mar 31, 2025 | -40.85% |
| Dec 31, 2024 | -35.31% |
| Sep 30, 2024 | -67.23% |
| Jun 30, 2024 | -174.57% |
| Mar 31, 2024 | -3.00% |
| Dec 31, 2023 | -50.78% |
| Sep 30, 2023 | 7.02% |
| Jun 30, 2023 | -7.57% |
| Mar 31, 2023 | 141.10% |
| Dec 31, 2022 | -56.25% |
| Sep 30, 2022 | 3.72% |
| Jun 30, 2022 | -313.15% |
| Mar 31, 2022 | 109.32% |
| Dec 31, 2021 | -334.03% |
API Access
Ares Capital FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ARCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();