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ARES Ares Management Corp

NYSE, CIK 0001176948, fiscal year ends 12/31. Last price 122.08 on 2026-10-23.

Machine-readable: ARES.json, ARES.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	29 partial, missing 2, 5, 6, 7	partial: 2, 5, 6, 7	2025-12-31 stale: Revenue	2014–2025	2026-10-23	8 verified, 12 unverified	method
Magic Formula	n/a	insufficient data (no operating income in XBRL)	—	—	—	—	method
Momentum	37	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	no open-market transactions in window	2026-10-23	—	—	—	method
Buffett Quality	50 partial, missing 4, 5, 6, 7	partial: 4, 5, 6, 7	—	2016–2025	2026-10-23	0 verified, 26 unverified	method
Lynch GARP	0 partial, missing 1, 2, 3, 4, 5, 6	partial: 1, 2, 3, 4, 5, 6	—	—	2026-10-23	0 verified	method
Graham Enterprising	25 partial, missing 1, 2, 5, 6, 7	partial: 1, 2, 5, 6, 7	—	2021–2025	2026-10-23	0 verified, 5 unverified	method
Piotroski F-Score	44 partial, missing 5, 6, 8	partial: 5, 6, 8	—	2023–2025	—	0 verified, 15 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	122.08	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	— (no fresh share count)	underlying shares	—
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	unavailable	USD	2026-10-23	SEC cover page (10-Q 0001628280-26-054538, as of 2026-08-03): multiple classes on cover (Class A Common Stock: 223,957,742; Non-voting Common Stock: 3,489,911; Class B Common Stock: 1,000; Class C Common Stock: 102,828,576; Series B Mandatory Convertible Preferred Stock: 30,000,000); economic equivalence not verified, total withheld

Graham Defensive

29 of 100. partial: 2, 5, 6, 7. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	4.76 revenue $B	>= 1	5.0 / 5
2 Debt <= equity (unclassified balance sheet fallback) no long-term debt or total liabilities reported in the last 18 months; no AssetsCurrent/LiabilitiesCurrent in any filing	—	<= 1.0	None / 30
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	12 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013 XBRL check: 7 years agree, 13 unverified	20 of 20	9.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	— missing 2023, 2024, 2025, 2014, 2015, 2016	>= +33%	None / 10
6 P/E on 3-year average EPS needs the last three fiscal years of EPS	—	<= 15	None / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5 equity or share count not fresh	—	<= 1.5 or <= 22.5	None / 10

Inputs, 21 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	122.08	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	4755618000.0	2025-12-31 stale	SEC XBRL Revenues 0001628280-26-011413	unverified
equity	3968073000.0	2026-06-30	SEC XBRL StockholdersEquity (companyfacts) 0001628280-26-054538	unverified
Net income FY2016	111808000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001628280-19-001988	unverified
Net income FY2017	76178000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001628280-20-002489	unverified
Net income FY2018	57020000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003314	unverified
Net income FY2019	148884000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-004289	unverified
Net income FY2020	152142000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-005081	unverified
Net income FY2021	408837000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-24-007014	unverified
Net income FY2022	167541000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-25-008665	unverified
Net income FY2023	474326000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2024	463742000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2025	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Dividend years (Yahoo)	[2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 7 of 20 years)
Dividends per share FY2014 (XBRL)	0.42	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-17-001756	verified
Dividends per share FY2015 (XBRL)	0.88	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-18-002576	verified
Dividends per share FY2016 (XBRL)	0.83	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-18-002576	verified
Dividends per share FY2017 (XBRL)	1.13	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-20-002489	verified
Dividends per share FY2018 (XBRL)	1.33	2018-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-20-002489	verified
Dividends per share FY2019 (XBRL)	1.28	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-20-002489	verified
Dividends per share FY2021 (XBRL)	1.88	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-22-004289	verified

Magic Formula

insufficient data (no operating income in XBRL). How this is scored.

insufficient data (no operating income in XBRL).

Momentum

37 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	-14.8 % (percentile 19.8)	9.9 / 50
6 month return	8.6 % (percentile 61.3)	12.3 / 20
Price / 52-week high	0.713	10.7 / 15
Volatility penalty (60d annualised)	36.1 %	4.1 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	122.08	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	— bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	— bp	-0.0 / 0

Inputs, 0 numbers with their sources

Input	Value	Period	Source	Check

Buffett Quality

50 of 100. partial: 4, 5, 6, 7. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	15.7% over 8 yrs	>= 15%	25.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+29.1% a year	>= +10%	10.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) debt unknown: no debt concept reported in the last 18 months	—	<= 4	None / 15
5 Operating margin, 5-yr average needs at least 4 of the last 5 years	0 years with operating income and revenue	>= 20%	None / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex) needs operating cash flow and capex for at least 4 of the last 5 years	0 years	>= 1.0	None / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap) SEC cover page (10-Q 0001628280-26-054538, as of 2026-08-03): multiple classes on cover (Class A Common Stock: 223,957,742; Non-voting Common Stock: 3,489,911; Class B Common Stock: 1,000; Class C Common Stock: 102,828,576; Series B Mandatory Convertible Preferred Stock: 30,000,000); economic equivalence not verified, total withheld	—	>= 7%	None / 15

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	122.08	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	57020000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003314	unverified
Equity at FY2018 end	587924000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001628280-20-002489	unverified
Net income FY2019	148884000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-004289	unverified
Equity at FY2019 end	768290000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001628280-21-003314	unverified
Net income FY2020	152142000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-005081	unverified
Equity at FY2020 end	1193685000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001628280-22-004289	unverified
Net income FY2021	408837000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-24-007014	unverified
Equity at FY2021 end	1825227000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001628280-23-005081	unverified
Net income FY2022	167541000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-25-008665	unverified
Equity at FY2022 end	1589239000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001628280-24-007014	unverified
Net income FY2023	474326000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Equity at FY2023 end	1893399000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001628280-25-008665	unverified
Net income FY2024	463742000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Equity at FY2024 end	3543646000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-011413	unverified
Net income FY2025	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Equity at FY2025 end	4275463000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-054538	unverified
Net income FY2016	111808000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001628280-19-001988	unverified
Net income FY2017	76178000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001628280-20-002489	unverified
Net income FY2018	57020000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003314	unverified
Net income FY2019	148884000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-004289	unverified
Net income FY2020	152142000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-005081	unverified
Net income FY2021	408837000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-24-007014	unverified
Net income FY2022	167541000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-25-008665	unverified
Net income FY2023	474326000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2024	463742000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2025	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified

Lynch GARP

0 of 100. partial: 1, 2, 3, 4, 5, 6. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points) needs diluted EPS for the last fiscal year and five years earlier	—	<= 1.0	None / 30
2 EPS growth, 5-yr compound rate needs diluted EPS for the last fiscal year and five years earlier	—	12% to 35% a year	None / 20
3 P/E on latest annual EPS no usable diluted EPS for the latest fiscal year	—	<= 25	None / 10
4 Borrowings / equity debt unknown: no debt concept reported in the last 18 months	—	<= 0.5	None / 15
5 Years of the last 5 in which EPS rose needs six consecutive fiscal years of diluted EPS	—	5 of 5	None / 15
6 Net cash (cash minus borrowings) / market cap SEC cover page (10-Q 0001628280-26-054538, as of 2026-08-03): multiple classes on cover (Class A Common Stock: 223,957,742; Non-voting Common Stock: 3,489,911; Class B Common Stock: 1,000; Class C Common Stock: 102,828,576; Series B Mandatory Convertible Preferred Stock: 30,000,000); economic equivalence not verified, total withheld	—	>= +10%	None / 10

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	122.08	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked

Graham Enterprising

25 of 100. partial: 1, 2, 5, 6, 7. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio no fresh current assets/liabilities (unclassified balance sheet)	—	>= 1.5	None / 15
2 Borrowings vs working capital debt unknown: no debt concept reported in the last 18 months	—	<= 1.1x	None / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier needs diluted EPS for the last fiscal year and five years earlier	—	higher	None / 10
6 Price / book value per share equity or share count not fresh	—	<= 1.2	None / 20
7 Price / net current asset value per share (current assets minus all liabilities) needs fresh current assets, total liabilities (or assets and equity of the same date) and share count	—	<= 0.67	None / 15

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	122.08	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2021	408837000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-24-007014	unverified
Net income FY2022	167541000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-25-008665	unverified
Net income FY2023	474326000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2024	463742000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Net income FY2025	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked

Piotroski F-Score

44 of 100. partial: 5, 6, 8. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	1.8%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	3,267M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	1.9% -> 1.8%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	3,267M vs 527M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell an input is not reported for one of the two years	—	pass = 1	None / 11.11111111111111
6 Current ratio improved an input is not reported for one of the two years	—	pass = 1	None / 11.11111111111111
7 No new shares issued (share count did not rise)	308M -> 313M	pass = 1	0.0 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) an input is not reported for one of the two years	—	pass = 1	None / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.15 -> 0.17	pass = 1	11.11111111111111 / 11.11111111111111

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
total_assets 2025-12-31	28633369000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-054538	unverified
cfo 2025-12-31	3266959000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-011413	unverified
net_income 2025-12-31	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
net_income 2024-12-31	463742000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
total_assets 2025-12-31	28633369000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-054538	unverified
total_assets 2024-12-31	24884308000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-011413	unverified
cfo 2025-12-31	3266959000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-011413	unverified
net_income 2025-12-31	527362000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001628280-26-026286) 0001628280-26-011413	unverified
shares_out 2024-12-31	313170171.0	2024-12-31 history	SEC XBRL CommonStockSharesOutstanding 0001628280-25-008665	unverified
shares_out 2023-12-31	307585576.0	2023-12-31 history	SEC XBRL CommonStockSharesOutstanding 0001628280-25-008665	unverified
revenue 2025-12-31	4755618000.0	2025-12-31 history	SEC XBRL Revenues 0001628280-26-011413	unverified
revenue 2024-12-31	3690668000.0	2024-12-31 history	SEC XBRL Revenues 0001628280-26-011413	unverified
total_assets 2025-12-31	28633369000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-054538	unverified
total_assets 2024-12-31	24884308000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-011413	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	Dividend	Filing
2013	2013-12-31	479	813	none	0001558370-16-003647
2014	2014-12-31	604	35	paid	0001628280-17-001756
2015	2015-12-31	814	19	paid	0001628280-18-002576
2016	2016-12-31	965	112	paid	0001628280-19-001988
2017	2017-12-31	1,085	76	paid	0001628280-20-002489
2018	2018-12-31	1,218	57	paid	0001628280-21-003314
2019	2019-12-31	1,433	149	paid	0001628280-22-004289
2020	2020-12-31	1,754	152	paid	0001628280-23-005081
2021	2021-12-31	2,289	409	paid	0001628280-24-007014
2022	2022-12-31	2,880	168	paid	0001628280-25-008665
2023	2023-12-31	3,236	474	paid	0001628280-26-011413
2024	2024-12-31	3,691	464	paid	0001628280-26-011413
2025	2025-12-31	4,756	527	paid	0001628280-26-011413

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

No open-market transactions in the loaded quarters.

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ARES; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.