Ares Management Full Year 2024 Earnings: Misses Expectations

March 03, 2025

Simply Wall St

Ares Management (NYSE:ARES) Full Year 2024 Results

Key Financial Results

Revenue: US$3.88b (up 7.0% from FY 2023).
Net income: US$410.2m (down 9.5% from FY 2023).
Profit margin: 11% (down from 13% in FY 2023).
EPS: US$2.07 (down from US$2.46 in FY 2023).

revenue-and-expenses-breakdown — NYSE:ARES Revenue and Expenses Breakdown March 3rd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ares Management Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 2.1%.

The primary driver behind last 12 months revenue was the Credit Group segment contributing a total revenue of US$2.75b (71% of total revenue). Notably, cost of sales worth US$2.14b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$748.5m (56% of total expenses). Explore how ARES's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Ares Management that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.