Ares Management vs Invesco
Invesco is the larger business, with $6.38bn of revenue in fiscal 2025 against $4.76bn for Ares Management (1.3 times as much). Ares Management grew faster (28.9% against 5.1%). Ares Management kept more of each dollar of sales as profit: a net margin of 11.1% against -11.4%. Ares Management carries less debt relative to equity (0.0% against 14.9%).
| Latest fiscal year | Ares ManagementARES, 2025 | InvescoIVZ, 2025 |
|---|---|---|
| Revenue | $4.76bn | $6.38bn |
| Revenue growth | 28.9% | 5.1% |
| Net income | $527m | −$726m |
| Operating margin | — | -10.9% |
| Net margin | 11.1% | -11.4% |
| Return on equity | 13.5% | -5.4% |
| Free cash flow | $3.27bn | $1.44bn |
| Cash | $489m | $1.04bn |
| Total debt | $0 | $1.83bn |
| Debt to equity | 0.0% | 14.9% |
| Dividend per share | — | $0.83 |
| Dividend yield | 0.3% | 3.1% |
| Share buybacks | — | $124m |
| Employees | 4,250 | 8,611 |
| Market value | $28.94bn | $12.42bn |
| Price vs our value range | — | — |
| Moat score | — | 65 (Moderate) |
| Insider trades, 12 months | 4 buys, 29 sales | 0 buys, 5 sales |