Financials in USD. Standardized financial statements.
A compact view of how Ares Capital Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.15B | $2.37B | $2.17B | $1.20B | $2.05B | $858.00M | $1.11B | $1.12B | $974.00M | $737.00M |
| Revenue Growth? | +32.9% | +9.3% | +81.1% | -41.7% | +138.9% | -23.0% | -0.4% | +14.9% | +32.2% | 0.0% |
| Cost of Revenue? | $765.00M | $659.00M | $530.00M | $455.00M | $372.00M | $317.00M | $291.00M | $240.00M | $225.00M | $167.00M |
| Gross Profit? | $2.38B | $1.71B | $1.64B | $741.00M | $1.68B | $541.00M | $824.00M | $879.00M | $749.00M | $570.00M |
| Gross Margin? | +75.7% | +72.2% | +75.5% | +62.0% | +81.9% | +63.1% | +73.9% | +78.6% | +76.9% | +77.3% |
| Operating Expenses? | $189.00M | $113.00M | $94.00M | $86.00M | $82.00M | $38.00M | $15.00M | $2.00M | $63.00M | $75.00M |
| Operating Income? | $2.19B | $1.59B | $1.54B | $655.00M | $1.60B | $503.00M | $809.00M | $877.00M | $686.00M | $495.00M |
| EBITDA? | $2.19B | $1.59B | $1.54B | $655.00M | $1.60B | $503.00M | $809.00M | $877.00M | $687.00M | $496.00M |
| Income Before Tax | $1.40B | $1.59B | $1.54B | $655.00M | $1.60B | $503.00M | $809.00M | $877.00M | $686.00M | $495.00M |
| Income Tax Expense | $99.00M | $73.00M | $20.00M | $55.00M | $29.00M | $19.00M | $16.00M | $19.00M | $19.00M | $21.00M |
| Net Income? | $1.30B | $1.52B | $1.52B | $600.00M | $1.57B | $484.00M | $793.00M | $858.00M | $667.00M | $474.00M |
| EPS? | $1.86 | $2.44 | $2.75 | $1.21 | $3.51 | $1.14 | $1.86 | $2.01 | $1.57 | $1.51 |
| Diluted EPS? | $1.86 | $2.44 | $2.68 | $1.19 | $3.51 | $1.14 | $1.86 | $2.01 | $1.57 | $1.51 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality