Ares Management (ARES) FCF Margin (2013 - 2026)
Ares Management's FCF Margin was -26.91% in Q2 2026, down 56.01 percentage points from 29.09% a year earlier and down 54.90 percentage points from the prior quarter.
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Analysis
Ares Management (ARES) FCF Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ares Management's FCF Margin was 13.96% through Jun 30, 2026, down 68.43 percentage points year-over-year; for FY2025, it was 57.03%, down 12.46 percentage points from FY2024.
- FCF Margin shows a five-year change of +82.07 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 69.49% in FY2024 (+77.77 pp), -8.27% in FY2023 (+16.93 pp), -25.20% in FY2022 (+37.08 pp) and -62.28% in FY2021 (-37.25 pp).
- Quarterly FCF Margin has moved between -131.12% (Q2 2022) and 181.14% (Q1 2025) over five years.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -9.90 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q1 2022 (a gain of 143.22 percentage points); the worst was Q1 2026 (a drop of 153.15 percentage points).
- Per Business Quant data, ARES's FCF Margin in the three quarters before Q2 2026 was 27.99% (Q1 2026), -33.19% (Q4 2025) and 80.19% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 33.60% |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | - |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | - |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 62.59% |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 46.12% |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 68.19% |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | 2.87% |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | - |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | -8.47% |
| 10 | Franco Nevada | 49.31 Bn | 46.68 Bn | 451.00 Mn | 82.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -8.47% |
| Jun 30, 2026 | -26.91% |
| Mar 31, 2026 | 27.99% |
| Dec 31, 2025 | -33.19% |
| Sep 30, 2025 | 27.84% |
| Jun 30, 2025 | 14.74% |
| Mar 31, 2025 | 181.14% |
| Dec 31, 2024 | 48.03% |
| Sep 30, 2024 | 26.43% |
| Jun 30, 2024 | 25.84% |
| Mar 31, 2024 | 92.96% |
| Dec 31, 2023 | -64.86% |
| Sep 30, 2023 | 45.86% |
| Jun 30, 2023 | 26.13% |
| Mar 31, 2023 | 85.90% |
| Dec 31, 2022 | -28.22% |
| Sep 30, 2022 | 36.82% |
| Jun 30, 2022 | 29.86% |
| Mar 31, 2022 | 30.16% |
| Dec 31, 2021 | -61.01% |
API Access
Ares Management FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ARES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();