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Ares Capital Corporation

ARCCFinancial ServicesNASDAQ

Asset Management · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$1.51B
-12.1% YoY
Net Income
$1.30B
-14.7% YoY
Free Cash Flow
$909.4M

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About 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. At a $13.62B market cap, Ares Capital Corporation ranks as a large-cap company within financial services. It also makes growth capital and general refinancing.

Key stats
Market Cap$13.62B
P/E (TTM)11.64
Fwd P/E9.85
EPS$1.63
Beta0.63
52W Change-13.5%
Dividend Yield10.12%
ROE8.3%
Analysis

On the balance sheet, ARCC has $554.0M in cash with $15.88B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $909.4M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 8.3% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $741.0M (2022) to $1.51B (2025), reflecting a 103% increase over the period.

With a beta below 0.7, Ares Capital Corporation typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Ares Capital Corporation and its sector.

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