Ares Capital (ARCC) FCF Margin (2021 - 2026)
Ares Capital's (ARCC) quarterly FCF Margin came in at 43.75% in Q2 2026, up 7301.0% year-over-year from 0.59% in Q2 2025, and up 81.42% quarter-over-quarter from 24.12% in Q1 2026.
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Ares Capital (ARCC) FCF Margin (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported FCF Margin for 6 consecutive years, with 43.75% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 7301.0% year-over-year to 43.75% in Q2 2026; TTM through Jun 2026 was 21.89%, a 2148.0% increase from a year earlier, with the FY2025 full-year figure at 56.26%, up 1491.0% from the prior year.
- FCF Margin was 43.75% for Q2 2026 at Ares Capital, up from 24.12% in the prior quarter.
- Over five years, FCF Margin peaked at 141.1% in Q1 2023 and troughed at 313.15% in Q2 2022.
- A 5-year average of 33.42% and a median of 32.29% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 30558 bps in 2023 and slumped 16700 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 56.25% in 2022, then rose by 10 bps to 50.78% in 2023, then jumped by 30 bps to 35.31% in 2024, then slumped by 52 bps to 53.85% in 2025, then surged by 181 bps to 43.75% in 2026.
- The last three FCF Margin figures came in at 43.75% (Q2 2026), 24.12% (Q1 2026), and 53.85% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.10 Bn | 13.71 Bn | - | 43.75% |
| 2 | Blackstone Secured Lending Fund | 5.67 Bn | 5.41 Bn | - | 175.04% |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 136.37% |
| 4 | Main Street Capital | 5.24 Bn | 5.19 Bn | - | 77.93% |
| 5 | Blue Owl Technology Finance | 4.96 Bn | 4.75 Bn | - | -93.69% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 199.79% |
| 7 | FS KKR Capital | 3.34 Bn | 3.24 Bn | - | 267.59% |
| 8 | Golub Capital Bdc | 3.30 Bn | 3.26 Bn | - | 102.67% |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 156.24% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 277.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |