Ares Capital reported a net margin of 18.88% for the quarter ended Jun 2026. These financial ratios cover 20 quarters of results from Sep 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||
| EBT Margin | 21.49% | 27.41% | 26.82% | 34.66% | 33.89% | 35.31% | 29.29% | 28.23% | 22.44% | 27.86% | 24.68% | 29.80% | 22.97% | 24.37% | 25.41% | 21.74% | 17.90% | 22.32% | 25.03% | 19.92% |
| EBIT Margin | 42.76% | 47.26% | 47.95% | 55.74% | 56.24% | 57.34% | 51.78% | 50.47% | 44.58% | 50.07% | 47.36% | 52.85% | 48.13% | 49.01% | 50.82% | 46.98% | 44.63% | 48.80% | 52.95% | 47.79% |
| EBITDA Margin | 42.76% | 47.26% | 47.95% | 55.74% | 56.24% | 57.34% | 51.78% | 50.47% | 44.58% | 50.07% | 47.36% | 52.85% | 48.13% | 49.01% | 50.82% | 46.98% | 44.63% | 48.80% | 52.95% | 47.79% |
| Operating Margin | 42.76% | 47.26% | 47.95% | 55.74% | 56.24% | 57.34% | 51.78% | 50.47% | 44.58% | 50.07% | 47.36% | 52.85% | 48.13% | 49.01% | 50.82% | 46.98% | 44.63% | 48.80% | 52.95% | 47.79% |
| Net Margin | 20.36% | 25.90% | 23.86% | 32.57% | 31.28% | 32.50% | 28.96% | 27.29% | 21.98% | 25.46% | 23.68% | 28.08% | 21.42% | 23.06% | 24.45% | 20.67% | 16.50% | 20.18% | 24.25% | 18.88% |
| FCF Margin | -334.03% | 109.32% | -313.15% | 3.72% | -56.25% | 141.10% | -7.57% | 7.02% | -50.78% | -3.00% | -174.57% | -67.23% | -35.31% | -40.85% | -29.26% | -98.85% | -53.85% | 24.12% | 43.75% | |
| Efficiency | ||||||||||||||||||||
| Assets AverageAssets Avg. | 22.22B | 22.11B | 22.02B | 22.58B | 23.36B | 24.03B | 25.17B | 26.60B | 27.68B | 28.29B | 28.69B | 29.94B | 31.02B | 30.96B | 30.59B | |||||
| Invested CapitalInvested Cap. | 19.96B | 21.25B | 21.84B | 21.29B | 21.76B | 22.37B | 23.12B | 23.60B | 25.36B | 26.31B | 27.11B | 27.59B | 28.14B | 29.93B | 30.31B | 29.91B | 29.66B | |||
| Asset Utilization RatioAsset Util. | 0.09 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | |||||
| Leverage & Solvency | ||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 2.01 | 2.38 | 2.27 | 2.64 | 2.52 | 2.60 | 2.30 | 2.27 | 2.01 | 2.25 | 2.09 | 2.29 | 1.91 | 1.99 | 2.00 | 1.86 | 1.67 | 1.84 | 1.90 | 1.71 |
| Debt Ratio | 0.53 | 0.54 | 0.55 | 0.52 | 0.51 | 0.50 | 0.50 | 0.48 | 0.50 | 0.50 | 0.49 | 0.49 | 0.49 | 0.51 | 0.51 | 0.52 | 0.52 | |||
| Times Interest Earned | 2.01 | 2.38 | 2.27 | 2.64 | 2.52 | 2.60 | 2.30 | 2.27 | 2.01 | 2.25 | 2.09 | 2.29 | 1.91 | 1.99 | 2.00 | 1.86 | 1.67 | 1.84 | 1.90 | 1.71 |
| Dividends & Payouts | ||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 0.90 | 0.50 | 0.70 | 0.72 | 0.84 | 0.69 | 0.68 | 0.57 | 0.68 | 0.61 | 0.76 | 0.58 | 0.58 | 0.58 | 0.49 | 0.40 | 0.50 | 0.54 | 0.42 | |
| FCF Payout RatioFCF Cover | -0.09 | 0.43 | -0.15 | 11.70 | -0.69 | 0.30 | -5.27 | 5.52 | -0.73 | -12.86 | -0.21 | -0.55 | -1.13 | -1.03 | -1.45 | -0.41 | -0.75 | 1.88 | 1.03 | |
| Dividend YieldDiv. Yield | 1.54% | 2.01% | 2.51% | 2.73% | 2.58% | 2.62% | 2.42% | 2.29% | 2.26% | 2.13% | 2.13% | 2.12% | 2.06% | 2.01% | 2.04% | 2.19% | 2.20% | 2.67% | 2.59% | |
| Payout Ratio | 1.12 | 1.98 | 1.43 | 1.39 | 1.19 | 1.46 | 1.46 | 1.76 | 1.46 | 1.63 | 1.32 | 1.73 | 1.73 | 1.72 | 2.06 | 2.48 | 1.99 | 1.86 | 2.38 | |
| Valuation | ||||||||||||||||||||
| Price to EarningsP/E | 104.13 | 72.39 | 98.37 | 57.01 | 51.04 | 46.09 | 55.64 | 60.50 | 76.93 | 64.76 | 76.26 | 61.93 | 81.49 | 84.06 | 85.42 | 100.67 | 113.28 | 90.78 | 69.94 | 91.76 |
| Price to SalesP/S | 21.20 | 18.75 | 23.47 | 18.57 | 15.97 | 14.98 | 16.12 | 16.51 | 16.91 | 16.49 | 18.06 | 17.39 | 17.45 | 19.38 | 20.89 | 20.81 | 18.69 | 18.32 | 16.96 | 17.32 |
| Price to BookP/B | 1.10 | 1.12 | 1.10 | 0.95 | 0.91 | 1.00 | 0.99 | 1.01 | 1.02 | 1.04 | 1.07 | 1.06 | 1.06 | 1.10 | 1.12 | 1.10 | 1.02 | 1.01 | 0.92 | 0.96 |
| Enterprise Value | 9.37B | 9.54B | 10.33B | 8.89B | 8.32B | 9.28B | 9.60B | 10.06B | 10.55B | 11.12B | 12.15B | 12.53B | 13.04B | 14.08B | 14.64B | 15.06B | 13.58B | 13.89B | 12.43B | 12.92B |
| EV to EBIT | 49.59 | 38.18 | 48.95 | 33.31 | 27.54 | 25.29 | 30.00 | 31.42 | 36.14 | 31.42 | 36.60 | 31.40 | 34.96 | 37.84 | 39.36 | 43.02 | 38.90 | 35.88 | 30.78 | 35.21 |
| EV to EBITDA | 49.59 | 38.18 | 48.95 | 33.31 | 27.54 | 25.29 | 30.00 | 31.42 | 36.14 | 31.42 | 36.60 | 31.40 | 34.96 | 37.84 | 39.36 | 43.02 | 38.90 | 35.88 | 30.78 | 35.21 |
| Market Capitalization | 9.37B | 9.92B | 10.33B | 8.89B | 8.58B | 9.59B | 9.96B | 10.47B | 11.08B | 11.66B | 12.66B | 13.13B | 13.53B | 14.71B | 15.29B | 15.50B | 14.61B | 14.53B | 12.94B | 13.30B |
| Price to FCFP/FCF | -5.61 | 21.47 | -5.93 | 428.75 | -26.63 | 11.42 | -218.04 | 240.84 | -32.47 | -602.79 | -9.96 | -25.96 | -54.89 | -51.14 | -71.12 | -18.90 | -34.02 | 70.32 | 39.60 | |
| EV to FCF | -5.40 | 21.47 | -5.93 | 415.90 | -25.79 | 11.01 | -209.48 | 229.38 | -30.98 | -578.55 | -9.51 | -25.03 | -52.52 | -48.97 | -69.07 | -17.56 | -32.52 | 67.57 | 38.46 | |
| EV to CFO | -5.40 | 21.47 | -5.93 | 415.90 | -25.79 | 11.01 | -209.48 | 229.38 | -30.98 | -578.55 | -9.51 | -25.03 | -52.52 | -48.97 | -69.07 | -17.56 | -32.52 | 67.57 | 38.46 | |
| Return Ratios | ||||||||||||||||||||
| Return on Sales [ROS]ROS | 42.76% | 47.26% | 47.95% | 55.74% | 56.24% | 57.34% | 51.78% | 50.47% | 44.58% | 50.07% | 47.36% | 52.85% | 48.13% | 49.01% | 50.82% | 46.98% | 44.63% | 48.80% | 52.95% | 47.79% |
| Return on Invested Capital [ROIC]ROIC | 4.90% | 5.48% | 5.76% | 5.65% | 5.43% | 5.29% | 5.32% | 5.29% | 5.22% | 5.24% | 4.99% | 4.70% | 4.53% | 4.64% | 4.74% | |||||
| Return on Assets [ROA]ROA | 2.87% | 3.22% | 3.31% | 3.12% | 2.89% | 2.76% | 2.79% | 2.72% | 2.60% | 2.59% | 2.35% | 2.13% | 2.01% | 2.03% | 2.02% |