ARES
Ares Management Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-28/100
Last price
117.74
▲ 0.61 (0.52%)
MARKET · —
Price
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Open
—
Prev close
117.13
Day high
119.13
Day low
116.94
Volume
1.97M
Market cap
$39.06B
P/E (TTM)
54.26
52W range
95.80 – 181.19
Trailing performance
Returnvs SPY
1W
-1.03%
-3.0%
1M
-15.99%
-17.1%
3M
-0.22%
-4.7%
6M
+15.16%
-3.0%
YTD
-27.15%
-41.4%
1Y
-22.74%
-39.2%
3Y
+14.46%
-67.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ARES open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
25.38M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 20, 26 | JACOBSON BLAIR VICTOR President |
STOCK | 8.00K | $0 | Direct |
| Jul 30, 26 | LYNTON MICHAEL M Director |
STOCK | 1.73K | $0 | Direct |
| Jul 30, 26 | BHUTANI ASHISH Director |
STOCK | 1.73K | $0 | Direct |
| Jul 30, 26 | NAUGHTON EILEEN Director |
STOCK | 1.73K | $0 | Direct |
| Jul 30, 26 | JOUBERT PAUL G Director |
STOCK | 1.73K | $0 | Direct |
| Jul 30, 26 | OLIAN JUDY D. Director |
STOCK | 1.73K | $0 | Direct |
| Jul 30, 26 | BUSH ANTOINETTE COOK Director |
STOCK | 1.73K | $0 | Direct |
| Jun 3, 26 | JACOBSON BLAIR VICTOR President |
STOCK | 8.00K | $0 | Direct |
| Feb 20, 26 | OLIAN JUDY D. Director |
BUY | 480 | $59.73K | Direct |
| Feb 6, 26 | BHUTANI ASHISH Director |
BUY | 10.00K | $1.27M | Direct |
| Feb 4, 26 | SAGATI AGHILI NASEEM General Counsel |
SELL | 3.92K | $529.03K | Direct |
| Jan 30, 26 | AROUGHETI MICHAEL J Chief Executive Officer |
STOCK | 200.00K | $0 | Direct |
| Jan 30, 26 | DEVEER ROBERT KIPP III President |
STOCK | 200.00K | $0 | Direct |
| Jan 30, 26 | SAGATI AGHILI NASEEM General Counsel |
STOCK | 100.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AROUGHETI MICHAEL J |
Chief Executive Officer | 1.45M | Stock Award(Grant) |
BERRY RYAN |
Officer | 561.63K | Stock Award(Grant) |
DEVEER ROBERT KIPP III |
President | 1.25M | Stock Award(Grant) |
JACOBSON BLAIR VICTOR |
President | 1.10M | Stock Gift |
JOUBERT PAUL G |
Director | 44.20K | Stock Award(Grant) |
KAPLAN DAVID B |
Officer and Director | — | Stock Gift |
PHILLIPS JARROD |
Chief Financial Officer | 327.81K | Stock Award(Grant) |
RESSLER ANTONY P |
Officer, Director and Beneficial Owner | — | Sale |
ROSENTHAL BENNETT |
Officer and Director | — | Stock Gift |
SAGATI AGHILI NASEEM |
General Counsel | 326.89K | Sale |
Fundamentals
Market cap$39.06B
Enterprise value$45.92B
Revenue (TTM)$5.25B
Gross profit$5.25B
EBITDA$1.43B
Net income$487.43M
EPS (TTM)$2.17
Free cash flow$2.16B
Total cash$1.85B
Total debt$14.87B
Book value / share$11.03
Shares outstanding223.96M
Float219.76M
Short % of float14.99%
Dividend yield4.59%
Beta (5Y)1.55
Valuation & profitability ratios
Trailing P/E54.26
Forward P/E16.49
PEG ratio0.87
Price / sales—
Price / book10.67
EV / revenue8.74
EV / EBITDA32.11
Gross margin100.00%
Operating margin9.47%
Profit margin12.11%
Return on equity14.92%
Return on assets4.58%
Debt / equity172.38
Current ratio0.62
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $5.60B | $3.88B | $3.63B | $3.06B | +44.2% |
| Operating revenue | $5.60B | $3.88B | $3.63B | $3.06B | +44.2% |
| Cost of revenue | $2.57B | $1.73B | $1.49B | $1.50B | +48.2% |
| Gross profit | $3.04B | $2.15B | $2.15B | $1.56B | +41.0% |
| Selling, general & admin | $2.09B | $1.19B | $1.27B | $1.21B | +76.2% |
| Total operating expense | $2.14B | $1.21B | $1.31B | $1.25B | +77.6% |
| Operating income | $892.72M | $946.09M | $834.03M | $306.36M | -5.6% |
| Net interest income | -$144.74M | -$1.90M | $153.94M | $113.21M | -7,525.7% |
| Pre-tax income | $1.29B | $1.28B | $1.33B | $510.81M | +0.9% |
| Tax provision | $198.53M | $164.62M | $172.97M | $71.89M | +20.6% |
| Net income | $527.36M | $463.74M | $474.33M | $167.54M | +13.7% |
| Net income to common | -$602.00M | -$332.77M | -$118.90M | -$275.66M | -80.9% |
| Basic EPS | 1.71 | 2.04 | 2.44 | 0.87 | -16.2% |
| Diluted EPS | 1.70 | 2.04 | 2.42 | 0.87 | -16.7% |
| EBIT | $2.05B | $2.25B | $2.19B | $993.52M | -8.8% |
| EBITDA | $2.30B | $2.41B | $2.43B | $1.33B | -4.8% |
| Basic shares | 217.36M | 198.05M | 184.52M | 175.51M | +9.7% |
| Diluted shares | 217.36M | 198.05M | 195.77M | 175.51M | +9.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.45B | $2.74B | $1.50B | $1.11B | -47.1% |
| Cash & short-term investments | $1.45B | $2.74B | $1.50B | $1.11B | -47.1% |
| Accounts receivable | $188.14M | $169.01M | $128.76M | $120.90M | +11.3% |
| Total current assets | $8.87B | $12.17B | $2.77B | $2.20B | -27.1% |
| Property, plant & equipment | $745.18M | $688.99M | $371.55M | $235.63M | +8.2% |
| Goodwill & intangibles | $5.57B | $2.14B | $2.18B | $2.21B | +160.5% |
| Total assets | $28.63B | $24.88B | $24.73B | $22.00B | +15.1% |
| Total current liabilities | $7.49B | $4.33B | $3.79B | $3.42B | +72.9% |
| Current debt | $2.25B | $275.00M | $125.24M | $168.05M | +718.8% |
| Long-term debt | $11.30B | $12.23B | $15.31B | $12.98B | -7.6% |
| Total debt | $14.22B | $13.15B | $15.76B | $13.33B | +8.2% |
| Total liabilities | $19.96B | $18.06B | $20.26B | $18.20B | +10.5% |
| Retained earnings | -$1.45B | -$837.29M | -$495.08M | -$369.48M | -73.4% |
| Shareholder equity | $4.28B | $3.54B | $1.89B | $1.59B | +20.7% |
| Working capital | $1.38B | $7.84B | -$1.02B | -$1.22B | -82.4% |
| Net tangible assets | -$1.29B | $1.41B | -$289.07M | -$618.64M | -192.1% |
| Shares issued | 221.96M | 203.36M | 190.56M | 177.38M | +9.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.09B | $1.11B | $1.16B | $438.92M | — | -2.0% |
| Depreciation & amortisation | $243.15M | $158.58M | $231.71M | $341.34M | — | +53.3% |
| Stock-based compensation | $740.55M | $352.85M | $255.97M | $200.39M | — | +109.9% |
| Change in working capital | $273.24M | -$202.99M | -$426.19M | -$194.63M | — | +234.6% |
| Operating cash flow | $3.27B | $2.79B | -$233.26M | -$734.11M | — | +17.0% |
| Capital expenditure | -$72.18M | -$91.51M | -$67.18M | -$35.80M | — | +21.1% |
| Investing cash flow | -$1.80B | -$159.40M | -$111.08M | -$337.38M | — | -1,031.5% |
| Share buybacks | — | — | $0 | $0 | -$310.00M | — |
| Dividends paid | -$1.76B | -$1.31B | -$1.03B | -$836.36M | — | -34.0% |
| Financing cash flow | -$2.43B | -$1.43B | $292.13M | $1.13B | — | -69.5% |
| Free cash flow | $3.19B | $2.70B | -$300.44M | -$769.91M | — | +18.3% |
| End cash position | $488.90M | $1.51B | $348.27M | $389.99M | — | -67.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.43B | $1.40B | $1.50B | $1.66B | $1.35B | +2.3% |
| Operating revenue | $1.43B | $1.40B | $1.50B | $1.66B | $1.35B | +2.3% |
| Cost of revenue | $688.66M | $692.41M | $604.96M | $659.84M | $643.71M | -0.5% |
| Gross profit | $739.95M | $704.03M | $899.97M | $997.79M | $706.42M | +5.1% |
| Selling, general & admin | $487.64M | $468.77M | $622.77M | $650.25M | $466.86M | +4.0% |
| Total operating expense | $491.32M | $476.06M | $643.69M | $648.38M | $493.87M | +3.2% |
| Operating income | $248.63M | $227.97M | $256.28M | $349.41M | $212.55M | +9.1% |
| Net interest income | -$90.70M | -$80.92M | -$55.23M | -$58.55M | -$19.55M | -12.1% |
| Pre-tax income | $385.94M | $312.92M | $206.65M | $652.27M | $286.94M | +23.3% |
| Tax provision | $72.98M | $59.87M | $8.15M | $111.89M | $60.96M | +21.9% |
| Net income | $150.63M | $142.59M | $54.25M | $288.88M | $137.06M | +5.6% |
| Net income to common | $125.32M | $117.28M | -$230.37M | $5.70M | $111.75M | +6.9% |
| Basic EPS | 0.49 | 0.46 | 0.08 | 1.15 | 0.46 | +6.5% |
| Diluted EPS | 0.49 | 0.46 | 0.08 | 1.15 | 0.46 | +6.5% |
| EBIT | $542.29M | $502.48M | $392.75M | $855.29M | $476.15M | +7.9% |
| EBITDA | $542.29M | $502.48M | $392.75M | $855.29M | $476.15M | +7.9% |
| Basic shares | 226.30M | 224.03M | 221.14M | 219.88M | 218.92M | +1.0% |
| Diluted shares | 226.30M | 224.03M | 221.14M | 219.88M | 218.92M | +1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.85B | $1.44B | $1.45B | $1.50B | $1.53B | +28.8% |
| Cash & short-term investments | $1.85B | $1.44B | $1.45B | $1.50B | $1.53B | +28.8% |
| Accounts receivable | — | — | $188.14M | — | — | — |
| Total current assets | $7.65B | $7.53B | $8.87B | $8.97B | $2.91B | +1.6% |
| Property, plant & equipment | $633.38M | $564.57M | $745.18M | $526.04M | $540.46M | +12.2% |
| Goodwill & intangibles | $5.56B | $5.61B | $5.57B | $5.60B | $5.66B | -0.8% |
| Total assets | $29.63B | $28.39B | $28.63B | $27.03B | $27.26B | +4.4% |
| Total current liabilities | $8.03B | $7.67B | $7.49B | $5.80B | $5.18B | +4.6% |
| Current debt | $2.53B | $2.23B | $2.25B | $785.28M | $667.01M | +13.4% |
| Long-term debt | $11.53B | $11.19B | $11.30B | $11.26B | $12.12B | +3.1% |
| Total debt | $14.87B | $14.15B | $14.22B | $12.73B | $13.47B | +5.1% |
| Total liabilities | $21.03B | $20.04B | $19.96B | $18.43B | $19.01B | +5.0% |
| Retained earnings | -$1.85B | -$1.66B | -$1.45B | -$1.22B | -$1.22B | -12.0% |
| Shareholder equity | $3.97B | $4.03B | $4.28B | $4.47B | $4.36B | -1.4% |
| Working capital | -$378.70M | -$145.65M | $1.38B | $3.16B | -$2.27B | -160.0% |
| Net tangible assets | -$1.59B | -$1.58B | -$1.29B | -$1.13B | -$1.29B | -0.7% |
| Shares issued | 225.52M | 225.45M | 221.96M | 220.32M | 219.37M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $312.96M | $253.05M | $198.50M | $540.38M | $225.98M | +23.7% |
| Change in working capital | -$356.97M | $252.51M | -$475.28M | $313.82M | -$156.69M | -241.4% |
| Operating cash flow | -$351.44M | $406.51M | -$483.69M | $1.34B | $415.70M | -186.5% |
| Capital expenditure | -$33.05M | -$15.64M | -$15.79M | -$11.49M | -$22.92M | -111.3% |
| Investing cash flow | -$33.20M | -$7.17M | -$21.08M | -$14.95M | -$22.92M | -363.3% |
| Dividends paid | -$513.76M | -$522.75M | -$459.75M | -$423.68M | -$428.17M | +1.7% |
| Financing cash flow | $370.86M | -$292.91M | $542.86M | -$1.23B | -$567.20M | +226.6% |
| Free cash flow | -$384.50M | $390.87M | -$499.48M | $1.33B | $392.78M | -198.4% |
| End cash position | $557.09M | $568.78M | $488.90M | $496.67M | $509.66M | -2.1% |
Options analytics
Put / call volume
2.51
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
95.00
-19.3% from spot
ATM implied vol
0.8%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
70
Contracts, this expiry
Put volume
176
Contracts, this expiry
Heaviest call OI
95.00
0 contracts
Heaviest put OI
105.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.27 | 1.29 | +1.4% |
| Mar 2026 | 1.33 | 1.24 | -6.6% |
| Dec 2025 | 1.69 | 1.45 | -14.0% |
| Sep 2025 | 1.14 | 1.19 | +4.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.28 | 15 | $1.24B | +9.3% |
| Next quarter | 1.98 | 14 | $1.43B | +15.0% |
| Current year | 5.80 | 17 | $4.93B | +15.8% |
| Next year | 7.14 | 17 | $5.76B | +16.8% |
Analyst targets & ownership
Mean target$146.65
High target$168.00
Low target$122.00
Implied upside24.55%
Analyst count20
ConsensusBUY
Strong buy / Buy5 / 8
Hold7
Sell / Strong sell0 / 0
Held by insiders11.16%
Held by institutions93.53%
Institutions holding1.13K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
118.61
-0.73% from price
SMA 20
123.40
-4.59% from price
SMA 50
132.84
-11.37% from price
SMA 100
128.23
-8.18% from price
SMA 200
129.33
-8.96% from price
EMA 12
120.15
-2.00% from price
EMA 26
124.95
-5.77% from price
EMA 50
127.78
-7.86% from price
RSI (14)
34.3
Neutral
MACD (12,26,9)
-4.80
Hist -0.38
ATR (14)
4.07
3.46% of price
Realised vol 30D
26.8%
Annualised
Bollinger upper
134.56
20, 2σ
Bollinger lower
112.25
20, 2σ
50 / 200 cross
Golden
132.84 vs 129.33
Trend bias
Below 200
-8.96%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.73
More volatile than market
Correlation to SPY
0.52
Loosely linked
Realised vol 30D
26.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-45.9%
Peak to trough
Max drawdown 5Y
-51.3%
Peak to trough
ATR 14
4.07
3.46% of price
Beta (reported)
1.55
5Y monthly, from filing
Short interest
Shares short
16.08M
Prior 14.27M
Change vs prior
+12.6%
Shorts adding
% of float
14.99%
Elevated
% of shares out
7.07%
Against total outstanding
Days to cover
8.7
Crowded exit
Float
219.76M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Wells Fargo | INITIATED | — | Overweight |
| Sep 24, 26 | Piper Sandler | INITIATED | — | Overweight |
| Aug 27, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 3, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Aug 3, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Aug 3, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Aug 3, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 3, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Jul 17, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Jul 13, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Jul 9, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 9, 26 | Barclays | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate$5.40 / yr
Forward yield4.59%
5-year avg yield2.71%
Payout ratio227.65%
Ex-dividend dateSep 16, 2026
Next pay dateSep 30, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-30
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-10
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-05-28
Periodic Financial Reports
10-Q · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-05-01
Headlines
Sector Update: Financial Stocks Rise Tuesday Afternoon
MT Newswires · 15h ago
Sector Update: Financial
MT Newswires · 15h ago
Market Chatter: Ares Management to Recoup Only Half of TalkTalk Investment in BT Deal
MT Newswires · 17h ago
Jefferies Adjusts Price Target on Ares Management to $132 From $144, Maintains Hold Rating
MT Newswires · 19h ago
Middle River Power Acquires Panoche Energy Center from Ares
PR Newswire · 19h ago
Sector Update: Financial Stocks Advance Pre-Bell Monday
MT Newswires · 2d ago
2 S&P 500 Stocks for Long-Term Investors and 1 We Find Risky
StockStory · 2d ago
Sabey Data Center Properties Secures Additional Investment from Ares to Support Continued Growth
GlobeNewswire · 2d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.