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Ares Management (ARES) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended December 2025, Ares Management (ARES - Free Report) reported revenue of $1.17 billion, down 5.6% over the same period last year. EPS came in at $1.45, compared to $1.23 in the year-ago quarter.

The reported revenue represents a surprise of -28.22% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.71, the EPS surprise was -15.2%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • FPAUM Rollforward - Ending Balance - Total: $384.95 billion versus the four-analyst average estimate of $388.22 billion.
  • AUM Rollforward - Ending Balance - Total: $622.51 billion versus $621.11 billion estimated by four analysts on average.
  • FPAUM Rollforward - Ending Balance - Real Assets Group: $84.07 billion versus $83.5 billion estimated by three analysts on average.
  • FPAUM Rollforward - Ending Balance - Secondaries Group: $29.48 billion versus the three-analyst average estimate of $29.65 billion.
  • Financial Details Segments- Other fees: $77.21 million compared to the $75.52 million average estimate based on four analysts. The reported number represents a change of +204.6% year over year.
  • Financial Details Segments- Fee related performance revenues: $171.16 million compared to the $153.78 million average estimate based on four analysts. The reported number represents a change of +5.7% year over year.
  • Financial Details Segments- Management fees: $993.66 million versus $1 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +27.3% change.
  • Financial Details Segments- Performance income-realized: $320.72 million compared to the $404.4 million average estimate based on four analysts. The reported number represents a change of +16.5% year over year.
  • Realized Income- Secondaries Group: $42.6 million compared to the $54.88 million average estimate based on two analysts. The reported number represents a change of +7.9% year over year.
  • Realized Income- Real Assets Group: $144.76 million compared to the $122.37 million average estimate based on two analysts. The reported number represents a change of +95.1% year over year.
  • Realized Income- Private Equity Group: $5.87 million versus $17.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -62.9% change.
  • Realized Income- Credit Group: $610.29 million versus the two-analyst average estimate of $677.37 million. The reported number represents a year-over-year change of +15.3%.

View all Key Company Metrics for Ares Management here>>>

Shares of Ares Management have returned -19.7% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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