Ares Management LP (ARES)

Financial Services · Asset Management · S&P 500
$115.91 -1.55% on the day Market cap $38.3B 52-week range $95.80 to $181.19 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Ares Management LP's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from ARES's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability6
Growth4
Financial health1

Key numbers

P/E (trailing)53.5x
P/E (forward)19.4x
Price / free cash flow12.0x
EV / EBITDA18.6x
Price / sales6.39x
Price / book9.52x
Revenue growth+5.8%
Operating margin—
Net margin10.6%
Return on equity16.0%
Dividend yield4.1%
Debt / equity5.29x

Results from SEC filings

Fiscal years, from Ares Management LP's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$4.2B$3.1B$3.6B$3.9B$5.6B
Net income$409M$168M$474M$464M$527M
Free cash flow—————
EPS (diluted)—————
Operating margin—————

Where the revenue comes from

Revenue by products, fiscal 2025.

Management fees$3.7B66%
Carried interest$1.2B21%
Incentive fees$362M6%
Administrative, transaction and other fees$356M6%
Principal investment income$48M1%

Superinvestors who own ARES

From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
C.T. Fitzpatrick
Vulcan Value Partners
Added $212M6.4%Q2 2026
Hersh Cohen
ClearBridge Investments
Added $167M0.14%Q2 2026
Dan Loeb
Third Point LLC
New position $42M0.89%Q2 2026
Cliff Asness
AQR Capital Management
Added $29M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $886,0280.00%Q2 2026

Insider buying

Open-market purchases by Ares Management LP's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Mar 13, 2026 John Boozman
0$101.54—
Mar 13, 2026 John Boozman
0$101.54—
Feb 20, 2026 Judy D Olian
480$124.43$59,726
Feb 17, 2026 Ro Khanna
0$130.55—
Feb 17, 2026 Ro Khanna
0$130.55—
Feb 6, 2026 Ashish Bhutani
10,000$126.61$1M
Jan 29, 2026 Ro Khanna
0$151.63—
Jan 29, 2026 Ro Khanna
0$151.63—
Jan 23, 2026 Ro Khanna
0$155.81—
Jan 23, 2026 Ro Khanna
0$155.81—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Ares Management LP insiders buying the stock?

10 open-market insider purchases of ARES in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Ares Management LP?

5 of the superinvestors Investingly tracks hold ARES in their latest 13F, including C.T. Fitzpatrick, Hersh Cohen, Dan Loeb.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.