Ares Capital Past Earnings Performance
Past criteria checks 4/6
Ares Capital has been growing earnings at an average annual rate of 13.3%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 13.3% per year. Ares Capital's return on equity is 13.6%, and it has net margins of 58.2%.
Key information
13.3%
Earnings growth rate
8.3%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 13.3% |
| Return on equity | 13.6% |
| Net Margin | 58.2% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Ares Capital: Attractive For Income Investors Yielding 9.6% Heading Into A Lower Rate Environment
Mar 25Ares Capital's NAV, Valuation, And Dividend Versus 14 BDC Peers - Part 1 (Includes Recommendations As Of 3/8/2024)
Mar 13Looking At Ares Capital's Financials Under Lower Interest Rates
Feb 20Ares Capital: The Only 10% Yielding BDC You Need
Feb 12Ares Capital: Dividend Looks Secure
Jan 30Better Buy: Ares Capital Or Oaktree Specialty Lending? - Big Yields +10%
Oct 17Ares Capital: A More Aggressive Fed Is Good For Its Earnings
Oct 07Where Prospect Capital Clearly Beats Ares Capital
Sep 28Better Buy: Ares Capital's 9.3% Yield Or FS KKR's 12.6%
Sep 16Why We Own Ares Capital Instead Of Owl Rock Capital
Sep 07Better Buy: Ares Capital's 8.8% Yield Or SLR Investment's 11%
Aug 24More Attractive After Quarterly Results: Ares Capital Or Oaktree Specialty Lending?
Aug 09Ares Capital Is Sliding And I Am Buying This 8% Yielding BDC
Aug 01Ares Capital Non-GAAP EPS of $0.46 beats by $0.02, TII of $479M beats by $12.79M
Jul 26Better 9%+ Yield Buy: Owl Rock Vs. Ares Capital
Jul 15Load Up The Truck With 9.3% Yielding Ares Capital
Jun 28Ares Capital: 10% Yield, Benefits From Rising Rates, Analyst Upgrades, 5% Discount
Jun 17Ares Capital Stock: 2 Reasons A Dividend Cut Could Be Coming
Jun 02Ares Capital Stock: Our Top Pick For The Rising Interest Rate Environment
May 12Ares Capital: Bag This 8% Yield And Call It A Day
Apr 28Ares Capital's NAV, Dividend, And Valuation Versus 15 BDC Peers - Part 2 (Includes Q2 + Q3 2022 Dividend Projection)
Mar 28Ares Capital Stock: 3 Reasons Why Dividend Growth Is Set To Continue
Mar 11Ares Capital Corp: The BDC King Retains Its Crown
Feb 20Ares Capital: Best-Of-Breed BDC's 7.4% Yield Is A Buy
Feb 08Ares Capital Yielding 7.7% Hits It Out Of The Park
Jan 23Ares Capital: Dividend Strategy To Help Prepare For The New Market Realities
Jan 14Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q1 + Q2 2022 Dividend Projection)
Dec 16Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 1 (Post Q3 2021 Earnings)
Dec 08Ares Capital: A Smart, Safe, Growing 8% Yielder You Can Count On
Nov 29Ares Capital: 7.6% Yield, Outperforming The Market
Oct 29Ares Capital: Book Value Premium And Growing Credit Risks Exacerbate Downside Risk
Oct 21Why Buy A CD When I Can Buy Ares Capital?
Oct 15Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q4 2021 Dividend Projection)
Sep 17Ares Capital's NAV, Dividend And Valuation Vs. 14 BDC Peers - Part 1 (Post Q2 2021 Earnings)
Sep 10Ares Capital: 8.2% Yield, Have Your Cake And Eat It Too
Sep 01Ares Capital Scores Big, Again, But ...
Aug 23Ares Capital: A Monster Dividend With Plenty Of Potential
Jul 29Invest In The American Dream With This Blue-Chip BDC: Ares Capital - Yield 8.1%
Jul 06Ares Capital: Despite The Risks, This 8.0% Yield BDC Is Compelling
Jun 14Ares Capital Q1 2021 Earnings Preview
Apr 27Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q1 2021 Dividend Projection)
Jan 10Ares Capital prices $650M debt offering
Jan 07Ares Capital's NAV, Dividend And Valuation Vs. 14 BDC Peers (Post Q3 2020 Earnings - Remains Attractively Valued)
Dec 29Ares Capital: An Excellent Portfolio Income Booster With 9.4% Yield
Dec 14Ares Capital (ARCC) Investor Presentation - Slideshow
Nov 19Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Ares Capital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,614 | 1,522 | 746 | 0 |
| 30 Sep 23 | 2,547 | 1,283 | 682 | 0 |
| 30 Jun 23 | 2,429 | 887 | 579 | 0 |
| 31 Mar 23 | 2,274 | 667 | 517 | 0 |
| 31 Dec 22 | 2,096 | 600 | 494 | 0 |
| 30 Sep 22 | 1,985 | 808 | 536 | 0 |
| 30 Jun 22 | 1,890 | 1,038 | 580 | 0 |
| 31 Mar 22 | 1,870 | 1,405 | 659 | 0 |
| 31 Dec 21 | 1,820 | 1,567 | 678 | 0 |
| 30 Sep 21 | 1,731 | 1,563 | 626 | 0 |
| 30 Jun 21 | 1,641 | 1,670 | 572 | 0 |
| 31 Mar 21 | 1,532 | 1,469 | 486 | 0 |
| 31 Dec 20 | 1,511 | 484 | 381 | 0 |
| 30 Sep 20 | 1,457 | 310 | 373 | 0 |
| 30 Jun 20 | 1,492 | 44 | 362 | 0 |
| 31 Mar 20 | 1,524 | -33 | 359 | 0 |
| 31 Dec 19 | 1,528 | 793 | 410 | 0 |
| 30 Sep 19 | 1,487 | 742 | 376 | 0 |
| 30 Jun 19 | 1,442 | 776 | 374 | 0 |
| 31 Mar 19 | 1,393 | 830 | 377 | 0 |
| 31 Dec 18 | 1,337 | 858 | 384 | 0 |
| 30 Sep 18 | 1,299 | 937 | 404 | 0 |
| 30 Jun 18 | 1,251 | 867 | 388 | 0 |
| 31 Mar 18 | 1,202 | 791 | 370 | 0 |
| 31 Dec 17 | 1,160 | 667 | 405 | 0 |
| 30 Sep 17 | 1,113 | 510 | 323 | 0 |
| 30 Jun 17 | 1,078 | 481 | 318 | 0 |
| 31 Mar 17 | 1,039 | 460 | 315 | 0 |
| 31 Dec 16 | 1,012 | 474 | 296 | 0 |
| 30 Sep 16 | 1,013 | 414 | 281 | 0 |
| 30 Jun 16 | 1,015 | 421 | 283 | 0 |
| 31 Mar 16 | 1,020 | 410 | 282 | 0 |
| 31 Dec 15 | 1,025 | 379 | 272 | 0 |
| 30 Sep 15 | 1,035 | 517 | 308 | 0 |
| 30 Jun 15 | 1,027 | 578 | 322 | 0 |
| 31 Mar 15 | 1,002 | 575 | 317 | 0 |
| 31 Dec 14 | 989 | 591 | 317 | 0 |
| 30 Sep 14 | 952 | 571 | 305 | 0 |
| 30 Jun 14 | 945 | 535 | 291 | 0 |
| 31 Mar 14 | 926 | 525 | 282 | 0 |
| 31 Dec 13 | 882 | 489 | 266 | 0 |
| 30 Sep 13 | 860 | 530 | 268 | 0 |
| 30 Jun 13 | 804 | 526 | 259 | 0 |
Quality Earnings: ARCC has a large one-off gain of $274.0M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: ARCC's current net profit margins (58.2%) are higher than last year (28.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ARCC's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: ARCC's earnings growth over the past year (153.7%) exceeds its 5-year average (13.3% per year).
Earnings vs Industry: ARCC earnings growth over the past year (153.7%) exceeded the Capital Markets industry 1.5%.
Return on Equity
High ROE: ARCC's Return on Equity (13.6%) is considered low.