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ARES CAPITAL CORP

ARCC

$20.01 ▲ +0.39 (+1.99%) at close

13 Visible periods

19 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

ARES CAPITAL CORP faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $14.0B

Dividend Yield 9.60%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-2.46 ↗

Trailing P/E 10.8x

Price / Book 1.0x

FCF Yield —

Debt / Equity 1.12

info Valuation on last close. End-of-day price, Aug 7, 2026.

13-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$1.30B

↓ -14.7% —

FCF / Share Free cash flow per share

$-2.46

↑ +28.0% —

Long-Term Debt Long-term obligations

$15.99B

↑ +16.5% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns ↓

Financial Health ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.92 Latest / share

+0.0% YoY

+3.7% 6-yr CAGR

FY 2014

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

$1.60

FY 2020

$1.62

FY 2021

$1.87

FY 2022

$1.92

FY 2023

$1.92

FY 2024

$1.92

FY 2025

Financial view

Statement lens

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
EPS Growth YoY (%)	-23.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-11.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	127.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-65.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	207.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-14.7% Weak ↓ Weak Declining Year-over-year change in net income	0.0% Caution ↓ Caution Declining Year-over-year change in net income	153.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-61.7% Weak Weak Year-over-year change in net income	223.8% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	28.0% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	50.5% Excellent Excellent Year-over-year change in free cash flow	-303.1% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	15.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-11.4% Weak Weak Compound annual EPS growth over 3 years	34.1% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
FCF / Net Income (x)	-1.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.40x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.27x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.57x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
Return on Common Equity (%) (%)	9.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	11.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15%	13.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	6.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	17.7% Good Good Profit generated per dollar of shareholder equity Optimal: > 15%	6.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
Debt to Equity (x)	1.12x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.03x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.06x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.28x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.24x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—	—
Net Debt (USD)	$15.35B	$13.09B	$11.35B	$11.91B	$10.65B	—	—	—	—	—	—	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
Basic EPS, GAAP (USD)	$1.86	$2.44	$2.75	$1.21	$3.51	$1.14	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-2.46	$-3.41	$0.92	$-2.73	$-5.51	$-1.37	—	—	—	—	—	—	—
Dividend per Share (USD)	$1.92	$1.92	$1.92	$1.87	$1.62	$1.60	—	—	—	—	—	—	—
Book Value per Share (USD)	$19.94	$19.87	$19.25	$18.41	$18.95	$16.96	$17.32	$17.14	$16.66	$16.45	$16.47	$16.83	$16.46
Tangible Book Value per Share (USD)	$19.94	$19.87	$19.25	$18.41	$18.95	$16.96	$17.32	$17.14	$16.66	$16.45	$16.47	$16.83	$16.46
Basic Weighted Avg Shares (shares)	699.00M	624.00M	554.00M	498.00M	446.00M	424.00M	—	—	—	—	—	—	—
Dividend Payout Ratio (%)	103.2% Weak → Weak Stable Dividends paid as a percentage of earnings Optimal: 30-60%	78.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	69.8% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	154.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.2% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	140.4% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
LT Debt (USD)	$15.99B	$13.73B	$11.88B	$12.21B	$11.02B	—	—	—	—	—	—	—	—
Total Equity (USD)	$14.32B	$13.36B	$11.20B	$9.55B	$8.87B	$7.18B	$7.47B	$7.30B	$7.10B	$5.17B	$5.17B	$5.28B	$4.90B

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗
Net Income, GAAP (USD)	$1.30B	$1.52B	$1.52B	$600.00M	$1.57B	$484.00M	—	—	—	—	—	—	—
Operating Cash Flow (USD)	$-1.72B	$-2.13B	$511.00M	$-1.36B	$-2.46B	$-580.00M	—	—	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 13 years · 29 quarters

ARES CAPITAL CORP

Analytical Summary

13-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

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