Ares Capital (ARCC) Net Margin (2021 - 2026)
Ares Capital (ARCC) posted quarterly Net Margin of 18.88% for Q2 2026, down 179.0% year-over-year from 23.9% in Q2 2025, and down 16.73% quarter-over-quarter from 22.67% in Q1 2026.
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.
- In Q2 2026, Net Margin fell 179.0% year-over-year to 18.88%; the TTM figure through Jun 2026 stood at 17.9% (down 345.0% YoY), while the FY2025 annual figure was 20.38%, down 373.0% from the prior year.
- Net Margin eased to 18.88% in Q2 2026 per ARCC's latest filing, from 22.67% in the prior quarter.
- Across five years, Net Margin topped out at 31.28% in Q3 2022 and bottomed at 15.09% in Q3 2025.
- Historically, Net Margin has averaged 22.93% across 5 years, with a median of 22.33% in 2026.
- Annual changes were most pronounced in 2022 — Net Margin surged 1092 bps — and 2023, when it plunged 930 bps.
- Ares Capital's Net Margin stood at 29.69% in 2022, then decreased by 19 bps to 24.19% in 2023, then dropped by 18 bps to 19.89% in 2024, then fell by 24 bps to 15.13% in 2025, then increased by 25 bps to 18.88% in 2026.
- Business Quant data shows ARCC's Net Margin at 18.88% in Q2 2026, 22.67% in Q1 2026, and 15.13% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 27.15% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 46.71% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 11.53% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 51.57% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.20% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 58.35% |
| 10 | Ares Capital | 14.22 Bn | 13.84 Bn | - | 18.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.88% |
| Mar 31, 2026 | 22.67% |
| Dec 31, 2025 | 15.13% |
| Sep 30, 2025 | 15.09% |
| Jun 30, 2025 | 20.67% |
| Mar 31, 2025 | 23.50% |
| Dec 31, 2024 | 19.89% |
| Sep 30, 2024 | 21.42% |
| Jun 30, 2024 | 26.36% |
| Mar 31, 2024 | 20.40% |
| Dec 31, 2023 | 24.19% |
| Sep 30, 2023 | 21.98% |
| 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 | 20.36% |