Ares Management (ARES) Invested Capital (2010 - 2026)
Ares Management (ARES) posted Invested Capital of $13.18 billion for Q2 2026, up 10.5% from $11.93 billion a year earlier and up 3.4% from the prior quarter.
Powered by 
Analysis
Ares Management (ARES) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Ares Management's Invested Capital came in at $12.62 billion, up 34.5% from FY2024.
- Annual Invested Capital has increased for four consecutive years, though with a five-year compound annual growth rate of -0.2% (FY2020 to FY2025).
- In prior years, Ares Management's Invested Capital was $9.38 billion in FY2024 (+26.1%), $7.44 billion in FY2023 (+22.5%), $6.07 billion in FY2022 (+14.2%) and $5.32 billion in FY2021 (-58.3%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital since Q2 2022.
- On a year-over-year basis, Invested Capital has increased in each of the last 12 quarters, with growth averaging 33.7% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q3 2025, with growth of 56.4%; the weakest was Q3 2022, with a decline of 60.4%.
- According to Business Quant data, Invested Capital for the three prior quarters was $12.75 billion (Q1 2026), $12.62 billion (Q4 2025) and $12.28 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 76.67 Bn |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | - |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | 18.80 Bn |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 32.99 Bn |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 129.79 Bn |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 15.28 Bn |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | 38.04 Bn |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | 10.05 Bn |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | 13.25 Bn |
| 10 | Franco Nevada | 49.31 Bn | 46.68 Bn | 451.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.25 Bn |
| Jun 30, 2026 | 13.18 Bn |
| Mar 31, 2026 | 12.75 Bn |
| Dec 31, 2025 | 12.62 Bn |
| Sep 30, 2025 | 12.28 Bn |
| Jun 30, 2025 | 11.93 Bn |
| Mar 31, 2025 | 11.76 Bn |
| Dec 31, 2024 | 9.38 Bn |
| Sep 30, 2024 | 7.85 Bn |
| Jun 30, 2024 | 7.76 Bn |
| Mar 31, 2024 | 7.52 Bn |
| Dec 31, 2023 | 7.44 Bn |
| Sep 30, 2023 | 6.36 Bn |
| Jun 30, 2023 | 6.29 Bn |
| Mar 31, 2023 | 6.45 Bn |
| Dec 31, 2022 | 6.07 Bn |
| Sep 30, 2022 | 5.49 Bn |
| Jun 30, 2022 | 14.90 Bn |
| Mar 31, 2022 | 14.35 Bn |
| Dec 31, 2021 | 5.32 Bn |
API Access
Ares Management Invested Capital 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=invested-capital&ticker=ARES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ARES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();