undamentalytics Newsletter
Sign in

Ares Management balance sheet

At the end of fiscal 2025, Ares Management had total assets of $28.63bn, total liabilities of $19.93bn and shareholders' equity of $4.28bn. It held $489m in cash against $0 of debt: net cash of $489m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents—0.1——0.30.10.10.10.50.30.40.31.50.50.6
Goodwill—0.10.10.10.10.10.10.10.40.81.01.11.23.53.5
Total assets24.523.721.64.35.88.610.212.015.221.622.024.724.928.629.6
Long-term debt—0.2—————————————
Total debt0.00.20.20.00.00.00.00.00.00.00.00.00.00.00.0
Total liabilities—16.014.93.34.57.18.810.212.616.717.119.717.519.921.0
Shareholders' equity—6.50.30.20.31.50.60.81.21.81.61.93.54.34.0
Non-controlling interests and other (assets − liabilities − equity)—1.16.50.71.1—0.81.11.43.13.33.13.94.44.7
Net debt (negative = net cash)—0.1——−0.3−0.1−0.1−0.1−0.5−0.3−0.4−0.3−1.5−0.5−0.6
Shares outstanding——————102m115m260m290m295m308m313m——

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: ARES vs TPGARES vs BAMARES vs IVZ

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Ares Management's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ares Management.