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Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It invest in the United States based companies. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $30 million and $500 million, in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Ares Capital Corporation is a business development company (BDC) that provides senior secured loans, subordinated debt and equity investments to middle-market companies, leveraging Ares Management's origination platform to generate investment income. Long-term growth drivers include structural demand for private credit, deal flow from its sponsor and floating-rate exposure that may support earnings and appeal to income-focused investors.
Key investment risks include credit losses and portfolio underperformance amplified by leverage and reliance on capital markets for funding, which could pressure dividend sustainability and net asset values.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1398.00M | 1595.00M | 1286.00M | 655.00M | 1596.00M |
| Net income | 1299.00M | 1522.00M | 1266.00M | 600.00M | 1567.00M |
| Selling general administrative | 91.00M | 43.00M | 42.00M | 38.00M | 39.00M |
| Gross profit | 2380.00M | 1708.00M | 2085.00M | 741.00M | 1678.00M |
| Ebit | - | - | 1286.00M | 1110.00M | 1968.00M |
| Ebitda | 2191.00M | 1595.00M | 1286.00M | 1062.00M | 1596.00M |
| Depreciation and amortization | - | - | -1868.00M | -48.00M | 29.00M |
| Non operating income net other | - | - | - | -3.00M | - |
| Operating income | 2191.00M | 1595.00M | 1286.00M | 1110.00M | 1596.00M |
| Other operating expenses | 954.00M | 772.00M | 42.00M | 134.00M | 82.00M |
| Interest expense | 645.20M | 659.00M | 514.00M | 455.00M | 372.00M |
| Tax provision | 43.00M | 73.00M | 29.00M | 55.00M | 29.00M |
| Interest income | 2183.00M | 2162.00M | 1897.00M | 1470.00M | 1247.00M |
| Net interest income | 1447.00M | 1503.00M | 1383.00M | 1063.00M | 875.00M |
| Income tax expense | 99.00M | 73.00M | 20.00M | 55.00M | 29.00M |
| Total revenue | 3145.00M | 2367.00M | 2085.00M | 741.00M | 1678.00M |
| Total operating expenses | 189.00M | 113.00M | 42.00M | 86.00M | 82.00M |
| Cost of revenue | 765.00M | 659.00M | -449.00M | - | - |
| Total other income expense net | -793.00M | -724.00M | 256.00M | -455.00M | -372.00M |
| Net income from continuing ops | 1299.00M | 1522.00M | 1283.00M | 2566.50M | 1567.00M |
| Net income applicable to common shares | - | - | - | 600.00M | 1567.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 31235.00M | 28254.00M | 23800.00M | 22398.00M | 20843.00M |
| Other current assets | -317.00M | - | -825.00M | 34.00M | -80.00M |
| Total liab | 16917.00M | 14899.00M | 12599.00M | 12843.00M | 11975.00M |
| Total stockholder equity | 14318.00M | 13355.00M | 11201.00M | 9555.00M | 8868.00M |
| Other current liab | 808.00M | -406.00M | -373.00M | -31.00M | -427.00M |
| Common stock | 1.00M | 1.00M | 1.00M | 1.00M | - |
| Capital stock | 1.00M | 1.00M | 1.00M | 1.00M | 0.00M |
| Retained earnings | 958.00M | 852.00M | 462.00M | -2.00M | 315.00M |
| Other liab | - | - | - | 34.00M | 114.00M |
| Other assets | 30309.00M | 607.00M | 23010.00M | 115.00M | 213.00M |
| Cash | 924.00M | 635.00M | 535.00M | 303.00M | 372.00M |
| Total current liabilities | 894.00M | 406.00M | 17.00M | 294.00M | 427.00M |
| Current deferred revenue | - | - | - | - | 384.00M |
| Net debt | 15067.00M | 13124.00M | 11400.00M | 12017.00M | 10765.00M |
| Short term debt | - | - | 17.00M | 31.00M | 43.00M |
| Short long term debt total | 15991.00M | 13759.00M | 11935.00M | 12320.00M | 11137.00M |
| Other stockholder equity | 13359.00M | 12502.00M | 10738.00M | 9556.00M | 8553.00M |
| Property plant equipment | - | - | - | 20.00M | 27.00M |
| Total current assets | 1529.00M | 1151.00M | 780.00M | 483.00M | 594.00M |
| Long term investments | 29485.00M | 26720.00M | 22874.00M | 21780.00M | 20009.00M |
| Net tangible assets | - | - | - | 9555.00M | 8868.00M |
| Short term investments | - | - | - | 17296.00M | 17056.00M |
| Net receivables | 605.00M | 516.00M | 261.00M | 180.00M | 222.00M |
| Long term debt | - | - | - | 12210.00M | - |
| Inventory | - | - | 809.00M | - | - |
| Accounts payable | 86.00M | 406.00M | 373.00M | 294.00M | 427.00M |
| Common stock total equity | - | - | - | 1.00M | - |
| Non currrent assets other | 144.00M | 381.00M | -22874.00M | -21800.00M | -20036.00M |
| Non current assets total | 29629.00M | 27103.00M | 10.00M | 21800.00M | 20036.00M |
| Long term debt total | - | - | - | 12210.00M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Change to liabilities | - | - | - | 21.00M | 27.00M |
| Total cashflows from investing activities | -2859.00M | -3410.00M | -489.00M | - | - |
| Net borrowings | 2162.00M | 2258.00M | -388.00M | 1116.00M | 2558.00M |
| Total cash from financing activities | 1781.00M | 2424.00M | -284.00M | 1210.00M | 2619.00M |
| Change to operating activities | - | - | - | -124.00M | 205.00M |
| Net income | 1415.00M | 1522.00M | 1522.00M | 600.00M | 1567.00M |
| Change in cash | 64.00M | 296.00M | 227.00M | -149.00M | 160.00M |
| Begin period cash flow | 860.00M | 564.00M | 337.00M | 486.00M | 326.00M |
| End period cash flow | 924.00M | 860.00M | 564.00M | 337.00M | 486.00M |
| Total cash from operating activities | 1142.00M | 1282.00M | 1000.00M | -1359.00M | -2459.00M |
| Issuance of capital stock | 928.00M | 1364.00M | 1112.00M | 1001.00M | 819.00M |
| Depreciation | 34.00M | 27.00M | 26.00M | 26.00M | 29.00M |
| Dividends paid | 268.00M | 1139.00M | 1031.00M | -912.00M | -694.00M |
| Change to inventory | - | - | 96.00M | - | - |
| Change to account receivables | -2.00M | 89.00M | -65.00M | -34.00M | -24.00M |
| Sale purchase of stock | - | - | 6436.00M | 1001.00M | 0.00M |
| Other cashflows from financing activities | -996.00M | -59.00M | -20.00M | 7939.00M | 19323.00M |
| Change to netincome | - | - | - | 78.00M | -4265.00M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change receivables | - | - | - | -34.00M | - |
| Cash flows other operating | - | - | - | -2037.00M | - |
| Cash and cash equivalents changes | - | - | - | -149.00M | - |
| Change in working capital | -82.00M | 190.00M | 31.00M | -147.00M | 208.00M |
| Other non cash items | -225.00M | -430.00M | -553.00M | -1838.00M | -4263.00M |
| Free cash flow | 1142.00M | 1282.00M | 1000.00M | -1359.00M | -2459.00M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ARCC Ares Capital Corporation |
-0.18 0.95% |
19.27 | 10.30 | 9.82 | 4.46 | 0.95 | 20.40 | 10.19 |
| BLK BlackRock Inc |
2.63 0.21% |
1228.94 | 26.25 | 19.57 | 6.33 | 2.90 | 6.35 | 17.13 |
| BX Blackstone Group Inc |
-1.80 1.48% |
120.20 | 33.20 | 20.12 | 11.05 | 11.56 | 9.14 | 15.74 |
| IVSBF Investor AB ser. B |
0.01 0.01% |
43.59 | 4.67 | 3.83 | 3.78 | 1.13 | 4.15 | 1.68 |
| KKR KKR & Co. Inc. |
-1.70 1.70% |
98.35 | 32.68 | 13.66 | 3.58 | 3.22 | 0.68 | 1.47 |
Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It invest in the United States based companies. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $30 million and $500 million, in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
1800 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733
310-201-4100
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael J. Arougheti | Co-Chairman & Exec. VP | 1972 |
| Mr. Bennett Rosenthal | Co-Founder & Co-Chairman | 1963 |
| Mr. Robert Kipp DeVeer III | CEO & Director | 1973 |
| Mr. Mitchell S. Goldstein CPA, CPA | Co-Pres | 1967 |
| Mr. Kort Schnabel | Co-Pres | NA |
| Ms. Penelope F. Roll | Chief Financial Officer | 1966 |
| Mr. Scott C. Lem | Chief Accounting Officer, VP & Treasurer | 1978 |
| Mr. John W. Stilmar | MD of Public Investor Relations & Communications | NA |
| Mr. Joshua M. Bloomstein J.D. | VP, Gen. Counsel & Sec. | 1974 |
| Ms. Lisa A. Morgan | Chief Compliance Officer | 1977 |
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