Ares Management Corporation

ARES · NYSE
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12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue$3,884,781$3,631,884$3,055,443$4,212,091
% Growth7%18.9%-27.5%
Cost of Goods Sold$1,731,747$1,486,698$1,498,590$1,162,633
Gross Profit$2,153,034$2,145,186$1,556,853$3,049,458
% Margin55.4%59.1%51%72.4%
R&D Expenses$0$0$0$0
G&A Expenses$1,186,065$1,267,668$1,214,085$2,184,964
SG&A Expenses$1,186,065$1,267,668$1,214,085$2,184,964
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses$20,879$43,492$36,410$62,486
Operating Expenses$1,206,944$1,311,160$1,250,495$2,247,450
Operating Income$946,090$834,026$306,358$802,008
% Margin24.4%23%10%19%
Other Income/Exp. Net$329,262$499,037$204,448$263,682
Pre-Tax Income$1,275,352$1,333,063$510,806$1,065,690
Tax Expense$164,617$172,971$71,891$147,385
Net Income$463,742$474,326$167,541$408,837
% Margin11.9%13.1%5.5%9.7%
EPS2.072.460.872.25
% Growth-15.9%182.8%-61.3%
EPS Diluted2.072.420.872.15
Weighted Avg Shares Out198,054184,524175,511163,704
Weighted Avg Shares Out Dil198,054195,773175,511180,112
Supplemental Information
Interest Income$976,403$1,014,821$595,928$447,683
Interest Expense$978,301$860,876$482,717$294,808
Depreciation & Amortization$158,578$231,712$341,341$113,293
EBITDA$2,412,231$2,425,651$1,334,864$1,473,791
% Margin62.1%66.8%43.7%35%