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Ares Capital Corporation

Company price
19.275 USD -0.18 ( 0.95%)
Last update at 2026-11-12T15:50:00Z
VOLUME
1141912
Market Cap
13613.71M
P/E
10.30

Momentum Score

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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.

Source: TradingView
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Day Price Range
19.19
Low
19.45
High
52 Week Price Range
17.40
Low
21.79
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
19.46
Dividend Yield
10.04%
Revenue TTM
3052.00M
Revenue Per Share
4.37
Gross Profit TTM
3052.00M
Debt / Equity
1.12
ROE
9.39%
Net Debt
15067.00M
ROCE
7.22%
Diluted EPS TTM
1.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Ares Capital Corporation

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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