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
DateValue
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%