Ares Capital (ARCC) Net Margin (2021 - 2026)
Ares Capital (ARCC) reported Net Margin of 24.25% for Q1 2026, down 21.0% year-over-year from 30.69% in Q1 2025, and up 20.17% quarter-over-quarter from 20.18% 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 24.25% in Q1 2026.
- Net Margin for Q1 2026 came in at 24.25%, down 21.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.37% (down 386.0% YoY), and the FY2025 annual result was 20.38%, down 373.0% from the prior year.
- Net Margin grew to 24.25% in Q1 2026 per ARCC's latest filing, from 20.18% 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 25.07% and a median of 24.25% in 2026 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin surged 1092 bps in 2022, then plunged 930 bps in 2023.
- A 5-year view of Net Margin shows it stood at 32.5% in 2022, then fell by 22 bps to 25.46% in 2023, then fell by 9 bps to 23.06% in 2024, then decreased by 12 bps to 20.18% in 2025, then grew by 20 bps to 24.25% in 2026.
- Business Quant data shows ARCC's Net Margin at 24.25% in Q1 2026, 20.18% in Q4 2025, and 16.5% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Ares Capital | 12.95 Bn | 10.20 Bn | - | 24.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |