Value202020212022202320242025TTMSelling/general/admin expenses122.99 M444.18 M695.26 M660.15 M736.5 M996.08 M996.08 MResearch & development———————Operating income303.24 M-1.12 B130.92 M438.43 M751.98 M46.85 M46.85 MNon-Operating Income, Total65.92 M263.68 M204.45 M499.04 M329.26 M394.18 M394.18 MInterest expense, net of interest capitalized43 K36.76 M71.36 M————Non-Operating Income, excl. Interest Expenses65.88 M212.52 M119.97 M499.04 M329.26 M394.18 M394.18 MUnusual income/expense—14.4 M13.12 M————Pretax income401.98 M1.07 B510.81 M1.33 B1.28 B1.29 B1.29 BEquity in earnings22.5 M114.9 M21.7 M86.73 M52.35 M319.29 M319.29 MTaxes54.99 M147.38 M71.89 M172.97 M164.62 M198.53 M198.53 MNon-controlling/minority interest———226 K103 K1.35 M1.35 MAfter tax other income/expense———————Net income before discontinued operations152.14 M408.84 M167.54 M474.33 M463.74 M527.36 M527.36 MDiscontinued operations———————Net income152.14 M408.84 M167.54 M474.33 M463.74 M527.36 M527.36 MDilution adjustment00-14.1 M0—-42.57 M—Preferred dividends21.7 M22.09 M00—101.25 M—Diluted net income available to common stockholders130.44 M386.75 M153.44 M474.33 M410.19 M383.54 M383.54 MBasic earnings per share (Basic EPS)———0.641.682.772.77Diluted earnings per share (Diluted EPS)———————Average basic shares outstanding———————Diluted shares outstanding———————EBITDA———————EBIT———————Cost of revenue———————Other cost of goods sold———————Depreciation & amortization (cash flow)19.47 M22.66 M26.83 M157.4 M148.5 M238.6 M335.7 M
Ares Management Corporation 6.75% Series B Mandatory Convertibl
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997, with additional offices across North America, Europe, and Asia.
As of November 20, 2025, Ares Management Corporation's global platform had approximately $596 billion of assets under management and 4,200 employees operating across North America, Europe, Asia Pacific and the Middle East.