Ares Management
Ares Management returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 12.85% | 2.24% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 12.3% | 2.24% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 10.9% | 1.97% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 16.85% | — | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 12.78% | — | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 12.53% | — | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 16.22% | 1.87% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 24.17% | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 21.52% | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | — | — | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 27.24% | 2.03% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 25.76% | — | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 18.91% | — | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 9.81% | 0.77% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 10.67% | 0.85% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 18.05% | 1.48% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 26.6% | 2.1% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 25.62% | 2.22% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 23.24% | 2.09% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 22.89% | 2.02% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 21.34% | 1.62% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 13.3% | 1.12% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 9.46% | 0.84% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 9.54% | 0.79% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 6.83% | 0.62% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 18.76% | 1.34% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 20.27% | 1.11% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 18.12% | 0.99% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 9.2% | 0.64% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 6.58% | 0.61% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 24.2% | 0.92% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 26.17% | 1.18% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 47.04% | 2.22% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 17.93% | 1.06% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | — | 1.06% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | — | 1.58% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | — | 1.47% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 36.45% | 2.2% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | — | 1.55% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | — | 0.19% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | — | -0.02% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 7.06% | 0.15% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 7.99% | 0.17% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 16.38% | 0.23% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | — | — | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ARES, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.