ARES-PB Financials

ARES-PB

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

This page shows ARES-PB (ARES-PB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ARES-PB FY2025 2026-08-07

Cash creation comes from balance-sheet turnover more than earnings, while lower leverage is reshaping how growth is funded.

Across the recent period, operating cash flow moved from -$233M to $3.27B even though net income stayed in the same neighborhood, pointing to balance-sheet movements rather than pure earnings growth as the main source of cash. That helps explain why year-end cash fell to $489M despite $2.60B of dividends paid: this business can produce cash internally and then quickly recycle it into investments and distributions.

Debt-to-equity improved from 10.4x to 4.7x over the last two reported years, while equity capital expanded, so the asset base is being supported by a thicker common-equity cushion than it was recently. That does not make the balance sheet light, but it does mean liabilities are less dominant in the funding mix.

Revenue reached $4.76B while return on assets was only 1.5%, a sign that adding assets and activity does not automatically lift shareholder economics in this model. SG&A also climbed to $996M, which helps explain why higher activity did not translate into higher net margin or stronger returns.

Financial Health Signals

Financial health score pending refresh

We are recalculating ARES-PB's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/5

ARES-PB passes 4 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

7.67x

For every $1 of reported earnings, ARES-PB generates $7.67 in operating cash flow ($3.3B OCF vs $426.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.8B

YoY+28.9%

5Y CAGR+22.1%

10Y CAGR+19.3%

ARES-PB generated $4.8B in revenue in fiscal year 2025. This represents an increase of 28.9% from the prior year.

EBITDA

N/A

Net Income

$426.1M

YoY-3.4%

5Y CAGR+22.9%

10Y CAGR+36.2%

ARES-PB reported $426.1M in net income in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$488.9M

YoY-67.6%

5Y CAGR-2.0%

ARES-PB held $488.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

9.0%

YoY-3.0pp

5Y CAGR+0.3pp

10Y CAGR+6.6pp

ARES-PB's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity

10.0%

YoY-2.5pp

5Y CAGR-2.8pp

10Y CAGR+2.1pp

ARES-PB's ROE was 10.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ARES-PB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.8B+28.9%	$3.7B+14.0%	$3.2B+12.4%	$2.9B-31.6%	$4.2B+140.2%	$1.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$996.1M+35.2%	$736.5M+11.6%	$660.1M-5.0%	$695.3M+56.5%	$444.2M+71.5%	$259.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	$71.4M+94.1%	$36.8M+47.6%	$24.9M
Income Tax	$198.5M+20.6%	$164.6M-4.8%	$173.0M+140.6%	$71.9M-51.2%	$147.4M+168.0%	$55.0M
Net Income	$426.1M-3.4%	$441.0M-7.0%	$474.3M+183.1%	$167.5M-56.7%	$386.7M+154.2%	$152.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.3B-0.4%	$1.3B+23.4%	$1.1B-36.5%	$1.7B+59.3%	$1.0B+3.6%	$1.0B+5.7%	$950.2M-15.9%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$255.7M+6.4%	$240.4M-17.0%	$289.9M+17.8%	$246.2M+6.0%	$232.2M+1.9%	$227.9M+14.5%	$199.1M+1.1%	$197.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$73.0M+21.9%	$59.9M+634.8%	$8.1M-92.7%	$111.9M+83.6%	$61.0M+247.6%	$17.5M-64.8%	$49.9M+7.3%	$46.5M
Net Income	$150.6M+5.6%	$142.6M+403.4%	-$47.0M-116.3%	$288.9M+110.8%	$137.1M+190.6%	$47.2M-69.5%	$154.5M+30.5%	$118.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARES-PB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$28.6B+15.1%	$24.9B+0.6%	$24.7B+12.4%	$22.0B+1.8%	$21.6B+42.4%	$15.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$488.9M-67.6%	$1.5B+333.0%	$348.3M-10.7%	$390.0M+13.5%	$343.7M-36.3%	$539.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$3.5B+197.1%	$1.2B+3.4%	$1.1B+12.4%	$999.7M+26.9%	$788.0M+112.4%	$371.0M
Total Liabilities	$19.9B+14.0%	$17.5B-11.3%	$19.7B+15.3%	$17.1B+2.4%	$16.7B+32.5%	$12.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.3B+20.7%	$3.5B+87.2%	$1.9B+19.1%	$1.6B-12.9%	$1.8B+52.9%	$1.2B
Retained Earnings	-$1.5B-73.4%	-$837.3M-69.1%	-$495.1M-34.0%	-$369.5M-313.4%	-$89.4M+41.1%	-$151.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$29.6B+4.4%	$28.4B-0.8%	$28.6B+5.9%	$27.0B-0.9%	$27.3B+0.3%	$27.2B+9.2%	$24.9B+1.5%	$24.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$557.1M-2.1%	$568.8M+16.3%	$488.9M-1.6%	$496.7M-2.5%	$509.7M-17.6%	$618.5M-59.0%	$1.5B+330.7%	$350.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$3.5B0.0%	$3.5B+0.3%	$3.5B+0.5%	$3.4B0.0%	$3.4B-1.8%	$3.5B+201.0%	$1.2B+2.6%	$1.1B
Total Liabilities	$21.0B+5.0%	$20.0B+0.4%	$19.9B+8.3%	$18.4B-0.1%	$18.4B+0.2%	$18.4B+5.2%	$17.5B-6.2%	$18.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.0B-1.4%	$4.0B-5.8%	$4.3B-4.4%	$4.5B+2.6%	$4.4B-2.1%	$4.5B+25.7%	$3.5B+70.7%	$2.1B
Retained Earnings	-$1.9B-12.0%	-$1.7B-14.1%	-$1.5B-19.2%	-$1.2B+0.2%	-$1.2B-13.7%	-$1.1B-28.3%	-$837.3M-5.7%	-$792.4M

ARES-PB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.3B+17.0%	$2.8B+1296.6%	-$233.3M+68.2%	-$734.1M+71.7%	-$2.6B-509.9%	-$425.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.8B-1031.5%	-$159.4M-43.5%	-$111.1M+67.1%	-$337.4M+68.9%	-$1.1B-693.1%	-$136.8M
Financing Cash Flow	-$2.4B-69.5%	-$1.4B-590.1%	$292.1M-74.1%	$1.1B-67.8%	$3.5B+271.2%	$943.9M
Dividends Paid	$2.6B+78.4%	$1.5B+29.1%	$1.1B	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$351.4M-186.5%	$406.5M+184.0%	-$483.7M-136.1%	$1.3B+222.5%	$415.7M-79.2%	$2.0B+146.9%	$807.6M-4.0%	$841.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$33.2M-363.3%	-$7.2M+66.0%	-$21.1M-41.0%	-$15.0M+34.8%	-$22.9M+98.7%	-$1.7B-2646.8%	-$63.5M-95.0%	-$32.6M
Financing Cash Flow	$370.9M+226.6%	-$292.9M-154.0%	$542.9M+144.3%	-$1.2B-116.0%	-$567.2M+51.8%	-$1.2B-346.3%	$478.2M+161.0%	-$784.2M
Dividends Paid	$25.2M-1.0%	$25.4M+21.0%	$21.0M-0.3%	$21.1M+0.7%	$21.0M-2.5%	$21.5M+33.5%	$16.1M-0.9%	$16.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARES-PB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.0%-3.0pp	11.9%-2.7pp	14.7%+8.8pp	5.8%-3.4pp	9.2%+0.5pp	8.7%
Return on Equity	10.0%-2.5pp	12.4%-12.6pp	25.1%+14.5pp	10.5%-10.7pp	21.2%+8.4pp	12.8%
Return on Assets	1.5%-0.3pp	1.8%-0.1pp	1.9%+1.2pp	0.8%-1.0pp	1.8%+0.8pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.66-0.3	4.93-5.5	10.41-0.3	10.76+1.6	9.15-1.4	10.55
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.6%+0.7pp	11.0%+15.4pp	-4.5%-21.9pp	17.4%+4.3pp	13.2%+8.5pp	4.7%-11.6pp	16.3%+5.8pp	10.5%
Return on Equity	3.8%+0.3pp	3.5%+2.3pp	1.3%-5.2pp	6.5%+3.3pp	3.1%+2.1pp	1.1%-3.3pp	4.4%-1.3pp	5.7%
Return on Assets	0.5%+0.0pp	0.5%+0.7pp	-0.2%-1.2pp	1.1%+0.6pp	0.5%+0.3pp	0.2%-0.4pp	0.6%+0.1pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.29+0.3	4.97+0.3	4.66+0.5	4.11-0.1	4.22+0.1	4.13-0.8	4.93-4.0	8.98
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is ARES-PB's annual revenue?

ARES-PB (ARES-PB) reported $4.8B in total revenue for fiscal year 2025. This represents a 28.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ARES-PB's revenue growing?

ARES-PB (ARES-PB) revenue grew by 28.9% year-over-year, from $3.7B to $4.8B in fiscal year 2025.

Is ARES-PB profitable?

Yes, ARES-PB (ARES-PB) reported a net income of $426.1M in fiscal year 2025, with a net profit margin of 9.0%.

What is ARES-PB's net profit margin?

ARES-PB (ARES-PB) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ARES-PB's return on equity (ROE)?

ARES-PB (ARES-PB) has a return on equity of 10.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ARES-PB's operating cash flow?

ARES-PB (ARES-PB) generated $3.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ARES-PB's total assets?

ARES-PB (ARES-PB) had $28.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What is ARES-PB's debt-to-equity ratio?

ARES-PB (ARES-PB) had a debt-to-equity ratio of 4.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ARES-PB's return on assets (ROA)?

ARES-PB (ARES-PB) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ARES-PB's Piotroski F-Score?

ARES-PB (ARES-PB) has a Piotroski F-Score of 4 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ARES-PB's earnings high quality?

ARES-PB (ARES-PB) has an earnings quality ratio of 7.67x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.