Ares Management vs TPG
Ares Management and TPG are similar in size: $4.76bn and $4.67bn of revenue in their latest fiscal years. TPG grew faster (33.4% against 28.9%). Ares Management kept more of each dollar of sales as profit: a net margin of 11.1% against 4.0%. Ares Management carries less debt relative to equity (0.0% against 41.6%).
| Latest fiscal year | Ares ManagementARES, 2025 | TPGTPG, 2025 |
|---|---|---|
| Revenue | $4.76bn | $4.67bn |
| Revenue growth | 28.9% | 33.4% |
| Net income | $527m | $185m |
| Operating margin | — | — |
| Net margin | 11.1% | 4.0% |
| Return on equity | 13.5% | 4.8% |
| Free cash flow | $3.27bn | — |
| Cash | $489m | $826m |
| Total debt | $0 | $1.72bn |
| Debt to equity | 0.0% | 41.6% |
| Dividend per share | — | — |
| Dividend yield | 0.3% | — |
| Share buybacks | — | — |
| Employees | 4,250 | 1,900 |
| Market value | $28.94bn | $18.58bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 4 buys, 29 sales | 0 buys, 0 sales |