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% on a QoQ basis from 20.18% in Q4 2025.
Ares Capital (ARCC) has 6 years of Net Margin data on file, last reported at 24.25% in Q1 2026.
- Quarterly Net Margin fell 21.0% year-over-year to 24.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.37% (down 386.0% YoY) and the FY2025 annual result came in at 20.38%, down 373.0% from the prior year.
- Net Margin advanced to 24.25% in Q1 2026 per ARCC's latest filing, from 20.18% in the prior quarter.
- Across five years, Net Margin topped out at 32.57% in Q2 2022 and bottomed at 16.5% in Q3 2025.
- The 5-year median for Net Margin is 24.25% (2026), against an average of 25.07%.
- The widest annual swing landed in 2022, when Net Margin soared 1092 bps; it then slumped 930 bps in 2023.
- Tracing ARCC's Net Margin over 5 years: stood at 32.5% in 2022, then dropped by 22 bps to 25.46% in 2023, then dropped by 9 bps to 23.06% in 2024, then fell by 12 bps to 20.18% in 2025, then advanced by 20 bps to 24.25% in 2026.
- Per Business Quant, the three latest ARCC Net Margin figures stand at 24.25% (Q1 2026), 20.18% (Q4 2025), and 16.5% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Ares Capital | 13.69 Bn | 10.94 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% |