Ares Capital (ARCC) Net Margin (2021 - 2026)
Ares Capital's (ARCC) quarterly Net Margin came in at 18.88% in Q2 2026, down 179.0% year-over-year from 23.9% in Q2 2025, and down 22.13% quarter-over-quarter from 24.25% in Q1 2026.
Analysis
Ares Capital (ARCC) Net Margin (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported Net Margin for 6 consecutive years, with 18.88% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 179.0% year-over-year to 18.88% in Q2 2026; TTM through Jun 2026 was 19.93%, a 246.0% decrease from a year earlier, with the FY2025 full-year figure at 20.38%, down 373.0% from the prior year.
- Net Margin was 18.88% for Q2 2026 at Ares Capital, down from 24.25% in the prior quarter.
- Over five years, Net Margin peaked at 32.57% in Q2 2022 and troughed at 16.5% in Q3 2025.
- A 5-year average of 24.73% and a median of 24.06% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 1092 bps in 2022 and sank 930 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 32.5% in 2022, then declined by 22 bps to 25.46% in 2023, then declined by 9 bps to 23.06% in 2024, then retreated by 12 bps to 20.18% in 2025, then declined by 6 bps to 18.88% in 2026.
- The last three Net Margin figures came in at 18.88% (Q2 2026), 24.25% (Q1 2026), and 20.18% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.07 Bn | 13.69 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.67 Bn | 5.40 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.22 Bn | 5.16 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 4.95 Bn | 4.74 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.62 Bn | 4.57 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.34 Bn | 3.23 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -128.99 Mn | - | -29.16% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.88% |
| Mar 31, 2026 | 24.25% |
| Dec 31, 2025 | 20.18% |
| Sep 30, 2025 | 16.50% |
| Jun 30, 2025 | 20.67% |
| Mar 31, 2025 | 24.45% |
| Dec 31, 2024 | 23.06% |
| Sep 30, 2024 | 21.42% |
| Jun 30, 2024 | 28.08% |
| Mar 31, 2024 | 23.68% |
| Dec 31, 2023 | 25.46% |
| Sep 30, 2023 | 21.98% |
| Jun 30, 2023 | 27.29% |
| Mar 31, 2023 | 28.96% |
| Dec 31, 2022 | 32.50% |
| Sep 30, 2022 | 31.28% |
| Jun 30, 2022 | 32.57% |
| Mar 31, 2022 | 23.86% |
| Dec 31, 2021 | 25.90% |
| Sep 30, 2021 | 20.36% |