Ares Capital (ARCC) Net Margin (2021 - 2026)
Ares Capital's (ARCC) quarterly Net Margin came in at 23.46% in Q1 2026, down 99.0% year-on-year from 2346.0% in Q1 2025, and up 30.1% on a QoQ basis from 18.03% in Q4 2025.
Ares Capital (ARCC) Net Margin (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has 6 years of Net Margin data on file, last reported at 23.46% in Q1 2026.
- On a quarterly basis, Net Margin fell 99.0% year-over-year to 23.46% in Q1 2026; TTM through Mar 2026 was 19.01%, a 400.0% decrease from a year earlier, with the FY2025 full-year figure at 18.97%, down 380.0% from the prior year.
- Net Margin for Q1 2026 stood at 23.46%, up from 18.03% in the prior quarter.
- Over the last five years, Net Margin for ARCC reached as high as 32.39% in Q4 2023 and fell as low as 15.09% in Q3 2025.
- Historically, Net Margin has averaged 23.83% across 5 years, with a median of 23.46% in 2026.
- Across the five-year window, Net Margin surged 1205 bps in 2022 and slumped 1250 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 29.69% in 2022, then increased by 9 bps to 32.39% in 2023, then slumped by 39 bps to 19.89% in 2024, then dropped by 9 bps to 18.03% in 2025, then jumped by 30 bps to 23.46% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 23.46% in Q1 2026, 18.03% in Q4 2025, and 15.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Ares Capital | 13.36 Bn | 12.86 Bn | - | 23.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.46% |
| Dec 31, 2025 | 18.03% |
| Sep 30, 2025 | 15.09% |
| Jun 30, 2025 | 19.60% |
| Mar 31, 2025 | 24.45% |
| Dec 31, 2024 | 19.89% |
| Sep 30, 2024 | 21.42% |
| Jun 30, 2024 | 26.36% |
| Mar 31, 2024 | 20.40% |
| Dec 31, 2023 | 32.39% |
| Sep 30, 2023 | 21.53% |
| Jun 30, 2023 | 26.34% |
| Mar 31, 2023 | 27.67% |
| Dec 31, 2022 | 29.69% |
| Sep 30, 2022 | 31.28% |
| Jun 30, 2022 | 30.48% |
| Mar 31, 2022 | 17.05% |
| Dec 31, 2021 | 36.11% |
| Sep 30, 2021 | 19.23% |