$55.42B Market Cap.
ARES Market Cap. (MRY)
ARES Shares Outstanding (MRY)
ARES Assets (MRY)
Total Assets
$24.88B
Total Liabilities
$17.49B
Total Investments
$17.38B
ARES Income (MRY)
Revenue
$3.88B
Net Income
$463.74M
Operating Expense
$2.94B
ARES Cash Flow (MRY)
CF Operations
$2.79B
CF Investing
-$159.40M
CF Financing
-$1.43B
ARES Dividends (MRY)
Period | Dividends | Yield % | Growth % | Payout Ratio | Coverage Ratio |
---|---|---|---|---|---|
2024 | $3.72 | 2.10% | 20.78% | 182.35% | 0.55 |
2023 | $3.08 | 2.60% | 26.23% | 126.23% | 0.79 |
2022 | $2.44 | 3.60% | 29.79% | 280.46% | 0.36 |
2021 | $1.88 | 2.30% | 17.50% | 83.93% | 1.19 |
2020 | $1.60 | 3.40% | - | 179.78% | 0.56 |
ARES Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Total Assets | $24,884,308,000 (0.62%) | $24,730,500,000 (12.40%) | $22,002,839,000 (1.84%) | $21,605,164,000 (42.43%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $2,138,464,000 (-2.02%) | $2,182,471,000 (-1.15%) | $2,207,876,000 (-0.13%) | $2,210,790,000 (895.46%) |
Shareholders Equity | $3,543,646,000 (87.16%) | $1,893,399,000 (19.14%) | $1,589,239,000 (-12.93%) | $1,825,227,000 (52.91%) |
Property Plant & Equipment Net | $511,319,000 (105.08%) | $249,326,000 (59.88%) | $155,950,000 (-6.98%) | $167,652,000 (8.34%) |
Cash & Equivalents | $2,735,465,000 (82.63%) | $1,497,785,000 (34.38%) | $1,114,628,000 (-19.97%) | $1,392,846,000 (31.13%) |
Accumulated Other Comprehensive Income | -$17,757,000 (-215.40%) | -$5,630,000 (62.43%) | -$14,986,000 (-707.87%) | -$1,855,000 (-484.06%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $17,382,619,000 (-9.59%) | $19,226,519,000 (11.92%) | $17,179,367,000 (4.11%) | $16,500,942,000 (31.38%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $1,259,390,000 (19.06%) | $1,057,748,000 (17.75%) | $898,311,000 (-6.30%) | $958,749,000 (76.15%) |
Trade & Non-Trade Payables | $1,519,858,000 (32.01%) | $1,151,332,000 (18.54%) | $971,235,000 (-42.87%) | $1,699,940,000 (118.71%) |
Accumulated Retained Earnings (Deficit) | -$837,294,000 (-69.12%) | -$495,083,000 (-34.00%) | -$369,475,000 (-313.37%) | -$89,382,000 (41.13%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $13,147,967,000 (-16.55%) | $15,755,950,000 (18.16%) | $13,334,236,000 (6.72%) | $12,494,216,000 (14.59%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $17,485,922,000 (-11.28%) | $19,709,151,000 (15.27%) | $17,097,810,000 (2.41%) | $16,694,730,000 (32.53%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
ARES Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Revenues | $3,884,781,000 (6.96%) | $3,631,884,000 (18.87%) | $3,055,443,000 (-27.46%) | $4,212,091,000 (138.77%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $2,468,248,000 (14.97%) | $2,146,844,000 (-2.14%) | $2,193,846,000 (36.53%) | $1,606,811,000 (56.57%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $2,938,691,000 (5.03%) | $2,797,858,000 (1.77%) | $2,749,085,000 (-19.38%) | $3,410,083,000 (135.10%) |
Interest Expense | $978,301,000 (13.64%) | $860,876,000 (78.34%) | $482,717,000 (63.74%) | $294,808,000 (-5.27%) |
Income Tax Expense | $164,617,000 (-4.83%) | $172,971,000 (140.60%) | $71,891,000 (-51.22%) | $147,385,000 (168.01%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $1,110,735,000 (-4.25%) | $1,160,092,000 (164.31%) | $438,915,000 (-52.20%) | $918,305,000 (183.00%) |
Net Income to Non-Controlling Interests | $646,993,000 (-5.65%) | $685,766,000 (152.70%) | $271,374,000 (-46.73%) | $509,468,000 (195.61%) |
Net Income | $463,742,000 (-2.23%) | $474,326,000 (183.11%) | $167,541,000 (-59.02%) | $408,837,000 (168.72%) |
Preferred Dividends Income Statement Impact | $22,781,000 (0%) | $0 (0%) | $0 (0%) | $22,089,000 (1.79%) |
Net Income Common Stock | $440,961,000 (-7.03%) | $474,326,000 (183.11%) | $167,541,000 (-56.68%) | $386,748,000 (196.49%) |
Weighted Average Shares | $198,054,451 (7.33%) | $184,523,524 (5.14%) | $175,510,798 (7.21%) | $163,703,626 (21.20%) |
Weighted Average Shares Diluted | $198,054,451 (1.17%) | $195,773,426 (11.54%) | $175,510,798 (-2.55%) | $180,112,271 (20.47%) |
Earning Before Interest & Taxes (EBIT) | $1,606,660,000 (6.53%) | $1,508,173,000 (108.85%) | $722,149,000 (-15.14%) | $851,030,000 (64.18%) |
Gross Profit | $3,884,781,000 (6.96%) | $3,631,884,000 (18.87%) | $3,055,443,000 (-27.46%) | $4,212,091,000 (138.77%) |
Operating Income | $946,090,000 (13.44%) | $834,026,000 (172.24%) | $306,358,000 (-61.80%) | $802,008,000 (155.77%) |
ARES Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Net Cash Flow from Investing | -$159,404,000 (-43.51%) | -$111,079,000 (67.08%) | -$337,379,000 (68.89%) | -$1,084,633,000 (-693.07%) |
Net Cash Flow from Financing | -$1,431,594,000 (-590.06%) | $292,126,000 (-74.10%) | $1,128,063,000 (-67.80%) | $3,503,625,000 (271.19%) |
Net Cash Flow from Operations | $2,791,154,000 (1296.58%) | -$233,261,000 (68.23%) | -$734,112,000 (71.72%) | -$2,596,045,000 (-509.89%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $1,159,702,000 (2880.19%) | -$41,713,000 (-190.03%) | $46,332,000 (123.62%) | -$196,157,000 (-148.86%) |
Net Cash Flow - Business Acquisitions and Disposals | -$67,895,000 (-54.67%) | -$43,896,000 (85.44%) | -$301,583,000 (71.48%) | -$1,057,407,000 (-775.18%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$91,509,000 (-36.21%) | -$67,183,000 (-87.68%) | -$35,796,000 (-31.48%) | -$27,226,000 (-70.78%) |
Issuance (Repayment) of Debt Securities | -$2,277,990,000 (-235.40%) | $1,682,443,000 (-4.91%) | $1,769,373,000 (-37.55%) | $2,833,180,000 (145.87%) |
Issuance (Purchase) of Equity Shares | $407,124,000 (0%) | $0 (0%) | $0 (0%) | $827,430,000 (115.95%) |
Payment of Dividends & Other Cash Distributions | -$1,310,896,000 (-27.19%) | -$1,030,666,000 (-23.23%) | -$836,364,000 (-40.92%) | -$593,506,000 (-32.84%) |
Effect of Exchange Rate Changes on Cash | -$40,454,000 (-485.24%) | $10,501,000 (202.55%) | -$10,240,000 (46.40%) | -$19,104,000 (-195.73%) |
Share Based Compensation | $352,851,000 (37.85%) | $255,965,000 (27.73%) | $200,391,000 (-15.51%) | $237,191,000 (92.86%) |
Depreciation Amortization & Accretion | $158,578,000 (-31.56%) | $231,712,000 (-32.12%) | $341,341,000 (201.29%) | $113,293,000 (174.66%) |
ARES Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 11.40% (-12.98%) | 13.10% (138.18%) | 5.50% (-40.22%) | 9.20% (24.32%) |
EBITDA Margin | 45.40% (-5.22%) | 47.90% (37.64%) | 34.80% (51.97%) | 22.90% (-27.76%) |
Return on Average Equity (ROAE) | 18.80% (-30.11%) | 26.90% (158.65%) | 10.40% (-57.20%) | 24.30% (94.40%) |
Return on Average Assets (ROAA) | 1.80% (-10.00%) | 2.00% (150.00%) | 0.80% (-60.00%) | 2.00% (122.22%) |
Return on Sales (ROS) | 41.40% (-0.24%) | 41.50% (75.85%) | 23.60% (16.83%) | 20.20% (-31.29%) |
Return on Invested Capital (ROIC) | 4.60% (4.55%) | 4.40% (91.30%) | 2.30% (-23.33%) | 3.00% (36.36%) |
Dividend Yield | 2.10% (-19.23%) | 2.60% (-27.78%) | 3.60% (56.52%) | 2.30% (-32.35%) |
Price to Earnings Ratio (P/E) | 86.78 (78.05%) | 48.74 (-38.05%) | 78.67 (116.83%) | 36.28 (-31.37%) |
Price to Sales Ratio (P/S) | 9.03 (49.37%) | 6.04 (53.70%) | 3.93 (24.44%) | 3.16 (-12.30%) |
Price to Book Ratio (P/B) | 15.64 (-18.95%) | 19.3 (52.30%) | 12.67 (-1.85%) | 12.91 (26.71%) |
Debt to Equity Ratio (D/E) | 4.93 (-52.60%) | 10.41 (-3.24%) | 10.76 (17.61%) | 9.15 (-13.32%) |
Earnings Per Share (EPS) | 2.04 (-16.39%) | 2.44 (180.46%) | 0.87 (-61.16%) | 2.24 (151.69%) |
Sales Per Share (SPS) | 19.61 (-0.34%) | 19.68 (13.06%) | 17.41 (-32.34%) | 25.73 (97.00%) |
Free Cash Flow Per Share (FCFPS) | 13.63 (937.29%) | -1.63 (62.89%) | -4.39 (72.62%) | -16.02 (-390.06%) |
Book Value Per Share (BVPS) | 17.89 (74.37%) | 10.26 (13.32%) | 9.05 (-18.79%) | 11.15 (26.16%) |
Tangible Assets Book Value Per Share (TABVPS) | 114.85 (-6.01%) | 122.2 (8.34%) | 112.78 (-4.80%) | 118.47 (7.06%) |
Enterprise Value Over EBIT (EV/EBIT) | 42 (27.27%) | 33 (-25.00%) | 44 (12.82%) | 39 (-4.88%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 38.62 (35.63%) | 28.48 (-4.66%) | 29.87 (-13.80%) | 34.65 (-9.83%) |
Asset Turnover | 0.16 (1.92%) | 0.16 (9.09%) | 0.14 (-35.00%) | 0.22 (77.42%) |
Current Ratio | - | - | - | - |
Dividends | $3.72 (20.78%) | $3.08 (26.23%) | $2.44 (29.79%) | $1.88 (17.50%) |
Free Cash Flow (FCF) | $2,699,645,000 (998.55%) | -$300,444,000 (60.98%) | -$769,908,000 (70.65%) | -$2,623,271,000 (-494.04%) |
Enterprise Value (EV) | $68,175,591,201 (37.60%) | $49,545,096,076 (55.98%) | $31,763,692,558 (-4.93%) | $33,410,703,323 (55.39%) |
Earnings Before Tax (EBT) | $628,359,000 (-2.93%) | $647,297,000 (170.35%) | $239,432,000 (-56.95%) | $556,222,000 (168.53%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $1,765,238,000 (1.46%) | $1,739,885,000 (63.60%) | $1,063,490,000 (10.28%) | $964,323,000 (72.32%) |
Invested Capital | $33,158,346,000 (-9.91%) | $36,806,194,000 (14.97%) | $32,014,571,000 (4.98%) | $30,495,744,000 (23.03%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $22,745,844,000 (0.88%) | $22,548,029,000 (13.91%) | $19,794,963,000 (2.07%) | $19,394,374,000 (29.76%) |
Market Capitalization | $55,420,338,201 (51.70%) | $36,533,462,076 (81.45%) | $20,134,099,558 (-14.54%) | $23,560,800,323 (93.75%) |
Average Equity | $2,347,245,750 (33.24%) | $1,761,619,000 (9.53%) | $1,608,328,500 (1.12%) | $1,590,567,000 (52.22%) |
Average Assets | $24,503,196,250 (5.21%) | $23,290,445,250 (8.88%) | $21,391,645,750 (11.54%) | $19,178,769,500 (34.51%) |
Invested Capital Average | $34,853,854,500 (1.45%) | $34,355,334,500 (11.34%) | $30,857,118,500 (9.17%) | $28,264,300,250 (21.60%) |
Shares | 313,056,195 (1.90%) | 307,210,411 (4.43%) | 294,186,142 (1.48%) | 289,907,719 (12.17%) |