SuperworthAres Management profit margin ARES
Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.
- Net margin, 12 months
- 10.6%
- Operating margin, 12 months
- 38.6%
- Net margin on a year earlier
- +0.7 pts
- Peer median
- 17.3%
Over the twelve months to Jun 30, 2026, Ares Management kept 10.6% of its revenue as net profit, with an operating margin of 38.6%.
Five years earlier its net margin was 9.8%.
The median for 10 asset managers of a similar size is 17.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 9.4% | 36.4% |
| FY2024 | 11.9% | 36.5% |
| FY2023 | 13.1% | 41.7% |
| FY2022 | 5.5% | 26.9% |
| FY2021 | 9.7% | 55.1% |
| FY2020 | 7.4% | 17.8% |
| FY2019 | 8.4% | 17.1% |
| FY2018 | 5.9% | 9.2% |
| FY2017 | 12.7% | −4.1% |
| FY2016 | 9.3% | n/a |
| FY2015 | 2.4% | n/a |
| FY2014 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 10.6% | +0.7 pts | 38.6% | |
| Q1 FY26 | 10.5% | +0.3 pts | 38.9% | |
| Q4 FY25 | 9.4% | −2.5 pts | 36.4% | |
| Q3 FY25 | 12.1% | +6.7 pts | 37.8% | |
| Q2 FY25 | 9.9% | +3.8 pts | 36.7% | |
| Q1 FY25 | 10.3% | −0.1 pts | 35.1% | |
| Q4 FY24 | 11.9% | −1.1 pts | 36.5% | |
| Q3 FY24 | 5.4% | −11.2 pts | 36.7% | |
| Q2 FY24 | 6.1% | −5.4 pts | 29.4% | |
| Q1 FY24 | 10.4% | +3.8 pts | 37.8% | |
| Q4 FY23 | 13.1% | +7.6 pts | 41.7% | |
| Q3 FY23 | 16.6% | +8.7 pts | 40.8% |
Against its peers
Companies in Asset Management nearest Ares Management's size, closest first, today.
| Company | Profit margin |
|---|---|
| ARESAres Management | 10.6% |
| AMPAmeriprise Financial | 19.9% |
| STTState Street | 23.0% |
| NTRSNorthern Trust | 24.8% |
| RJFRaymond James Financial | 13.6% |
| APOApollo Global Management | 5.2% |
| PFGPrincipal Financial | 9.9% |
| TROWT. Rowe Price | 29.3% |
| KKRKKR | 14.8% |
| BXBlackstone | 21.8% |
| TPGTPG | 4.7% |
| Peer median | 17.3% |
Where Ares Management ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Ares Management
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.