Ares Capital Corporation
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 17.50 $ to 21.00 $ · Last price: 19.20 $ (As of: September 25, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/25/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Asset Management
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Ares Capital Corporation ARCC | 13.8 | 14.3 | 10.2 | 100.0 | 75.6 | -5.3 | 3.5 |
| BlackRock Inc BLK | 183.2 | 27.3 | 14.9 | 47.2 | 35.6 | 18.7 | -3.3 |
| Blackstone Group Inc BX | 148.6 | 30.3 | 15.7 | 100.0 | 38.0 | 21.6 | -29.8 |
| KKR & Co. Inc. KKR | 93.4 | 32.6 | 1.1 | 54.8 | 11.0 | -11.0 | -30.2 |
| Apollo Global Management, Inc. APO | 72.6 | 76.7 | 7.9 | 36.1 | 13.5 | 16.0 | -10.6 |
| Brookfield Asset Management Ltd. BAM | 71.7 | 28.5 | 18.2 | 74.4 | 64.5 | 15.8 | -20.1 |
| State Street Corp STT | 50.4 | 18.4 | 0.0 | 100.0 | 27.8 | 3.0 | 64.4 |
| Ameriprise Financial Inc AMP | 44.8 | 12.4 | 0.0 | 54.9 | 37.2 | 9.6 | -0.1 |
| Ares Management LP ARES | 41.9 | 56.1 | 18.4 | 37.4 | 18.4 | 66.6 | -21.8 |
| Median of companies shown | 71.7 | 28.5 | 10.2 | 54.9 | 35.6 | 15.8 | -10.6 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 737 | 495 | 474 | 1.51 | 707 | 5,165 | 9,245 |
| 2017 | 974 | 686 | 667 | 1.57 | -1,866 | 7,098 | 12,347 |
| 2018 | 879 | 1,117 | 858 | 2.01 | 666 | 7,300 | 12,895 |
| 2019 | 824 | 809 | 793 | 1.86 | -1,210 | 7,467 | 14,905 |
| 2020 | 541 | 503 | 484 | 1.14 | -557 | 7,176 | 16,196 |
| 2021 | 1,678 | 1,596 | 1,567 | 3.51 | -2,459 | 8,868 | 20,843 |
| 2022 | 1,196 | 655 | 600 | 1.16 | -1,359 | 9,555 | 22,398 |
| 2023 | 2,085 | 1,286 | 1,266 | 2.20 | 1,000 | 11,201 | 23,800 |
| 2024 | 2,367 | 1,595 | 1,522 | 2.44 | 1,282 | 13,355 | 28,254 |
| 2025 | 2,242 | 1,398 | 1,299 | 1.86 | 1,142 | 14,318 | 31,235 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | 0.58 | -1.70 | 613 | -7.10 | 64.30 | 337 | 337 |
| 2024: Q4 | 0.55 | -12.70 | 567 | -3.60 | 63.00 | 410 | 410 |
| 2025: Q1 | 0.50 | -15.30 | 446 | -30.20 | 54.00 | 182 | 182 |
| 2025: Q2 | 0.50 | -18.00 | 579 | 8.80 | 62.30 | 347 | 347 |
| 2025: Q3 | 0.50 | -13.80 | 655 | 6.90 | 61.70 | 365 | 365 |
| 2025: Q4 | 0.50 | -9.10 | 540 | -4.80 | 54.30 | 248 | 248 |
| 2026: Q1 | 0.47 | -6.00 | 349 | -21.70 | 26.40 | 114 | 114 |
| 2026: Q2 | 0.47 | -6.00 | 768 | 32.60 | 22.30 | 336 | 336 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 1 of our scanner strategies — each hit links to the scanner.
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.91 | 1.88 – 1.99 | 3,095 | -5.1% | 14 |
| 12/31/2027 | 1.93 | 1.82 – 2.03 | 3,189 | 1.4% | 14 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 1.8% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $1.06B |
|---|---|
| Market cap | $13.77B |
| Free cash flow in year ten | $1.27B |
| Terminal value as a share of market value | 48.4% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available.
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 23.3%
- More than 10% revenue growth is expected for the coming year -65.4%
- Share count grows by less than 3% a year 10.5%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 45.7%
- Gross margin at 40% or higher and without meaningful erosion 67.2%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 10.8 x EBITDA
- Operating cash flow covers the profits of the last three years -663 m
- Return on capital at 15% or higher, or up versus two years ago 4.6%
- Insiders hold at least 10% or are net buyers 0.6%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 13.2%
- Exp. sales growth 3Y > 5% 19.3%
- EBIT growth 10Y > 5% 12.2%
- Exp. EBIT growth 3Y > 5% 2.0%
- Net debt < 4x EBIT 10.8x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 59.0%
- Return on equity > 15% 9.1%
- ROCE > 15% 4.6%
- Expected return > 10% 10.5%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
Ares Capital Corporation ist eine Business Development Company, die sich auf Wachstumskapital, Akquisitionen, Rekapitalisierungen, Mezzanine-Fremdkapital, Restrukturierungen, Rettungsfinanzierungen und fremdfinanzierte Übernahmen (Leveraged Buyouts) von Unternehmen im mittleren Marktsegment spezialisiert hat. Zudem vergibt sie Wachstumskapital und allgemeine Refinanzierungen. Bevorzugt investiert sie in Unternehmen aus den Bereichen Sport, Medien & Unterhaltung, Industrie & Unternehmensdienstleistungen, Infrastruktur & Energie, Finanzinstitute, Software & Technologie, Spezial-Gesundheitsversorgung, Konsumgüter, Einzelhandel & Dienstleistungen, Energie sowie dem grundlegenden und wachstumsstarken verarbeitenden Gewerbe, Konsumgüterprodukten, Gesundheitsprodukten und IT-Dienstleistungssektoren. Der Fonds prüft auch Investitionen in Branchen wie Restaurants, Einzelhandel, Öl und Gas sowie Technologie. Er investiert in Unternehmen mit Sitz in den Vereinigten Staaten. Der Fokus liegt auf Investitionen in den Regionen Nordosten, Mid-Atlantic, Südosten und Südwesten von seinem New Yorker Büro aus, im Mittleren Westen vom Chicagoer Büro aus, und im Westen vom Büro in Los Angeles aus. Der Fonds investiert typischerweise zwischen 30 Millionen und 500 Millionen US-Dollar in Unternehmen mit einem EBITDA zwischen 10 Millionen und 250 Millionen US-Dollar. Fremdkapitalinvestitionen erfolgen zwischen 10 Millionen und 100 Millionen US-Dollar. Der Fonds investiert über revolvierende Kreditlinien, erstrangig besicherte Darlehen, Optionsscheine, Unitranche-Strukturen, zweitrangig besicherte Darlehen, Mezzanine-Fremdkapital, private Hochzinsanleihen, nachrangiges Kapital, nachrangige Schuldtitel sowie nicht kontrollierende Vorzugs- und Stammaktien. Der Fonds prüft zudem selektiv von Dritten geführte vor- und nachrangige Fremdfinanzierungen und erwägt opportunistisch den Erwerb notleidender und abgezinster Fremdkapitalpositionen. Der Fonds bevorzugt es, bei den Transaktionen, in die er investiert, als Agent und/oder Federführer aufzutreten. Zudem strebt der Fonds Vertretung in den Aufsichtsgremien seiner Portfoliounternehmen an.
- Headquarters
- Los Angeles, CA
- Address
- 1800 Avenue of the Stars, 90067-4733 Los Angeles, United States
- Phone
- 310 201 4100
- Website
- arcc.ares.com
- IPO Date
- 10/06/2004
- ISIN
- US04010L1035
Management
| Name | Title | Birth Year |
|---|---|---|
| Mitchell Scott Goldstein CPA | Co-Chairman, Partner & Co-Head of Ares Credit Group | 1967 |
| Michael Lewis Smith | Co-Chairman of Board of Directors & Co-Head of Ares Credit Group | 1971 |
| Michael J. Arougheti | Executive VP & Director | 1972 |
| Kort Schnabel | CEO & Co-Head of U.S. Direct Lending | 1977 |
| James Miller | President & Co-Head of U.S. Direct Lending | 1977 |
| Bennett Rosenthal | Co-Founder, Director, Partner & Chairman of Private Equity Group | 1963 |
| Scott C. Lem | CFO & Treasurer | 1978 |
| Jana Markowicz | Chief Operating Officer | 1981 |
| Won Jae Cho | Chief Accounting Officer | 1983 |
| John W. Stilmar | Partner & Co-Head of Public Markets Investor Relations | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/15/2026 ARES CAPITAL CORP (ARCC): Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Other Events; Financial Statements and Exhibits SEC ↗
- 08/14/2026 ARES CAPITAL CORP (ARCC): Submission of Matters to a Vote of Security Holders SEC ↗
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.