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ARES CAPITAL CORP

ARCC

$19.34 ▼ -0.11 (-0.59%) at close

31 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 $13.9B

Dividend Yield 2.48%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $1.46 ↗

Trailing P/E 44.0x

Price / Book 1.0x

FCF Yield 7.6%

Debt / Equity 1.08

info Valuation on last close. End-of-day price, Nov 5, 2026.

31-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$319.00M

↓ -21.0% —

FCF / Share Free cash flow per share

$1.46

↑ +212.2% —

Long-Term Debt Long-term obligations

$15.12B

↓ -4.1% —

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

Choose the reporting cadence, isolate a period range, or search directly for a metric.

Cadence

Annual Quarterly

Range

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📈 Is growth accelerating? 4 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
EPS Growth YoY (%)	-22.8% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-53.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-63.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-24.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-8.1% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-52.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-25.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-30.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-14.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	46.2% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	105.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	323.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	177.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	18.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-57.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-71.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-21.0% Weak ↑ Weak Improving Year-over-year change in net income	-52.6% Weak ↓ Weak Declining Year-over-year change in net income	-61.8% Weak ↓ Weak Declining Year-over-year change in net income	-17.9% Weak ↓ Weak Declining Year-over-year change in net income	2.5% Caution ↑ Caution Improving Year-over-year change in net income	12.1% Fair ↑ Fair Improving Year-over-year change in net income	-46.3% Weak ↓ Weak Declining Year-over-year change in net income	-13.6% Weak ↓ Weak Declining Year-over-year change in net income	-21.2% Weak ↓ Weak Declining Year-over-year change in net income	-2.7% Weak ↓ Weak Declining Year-over-year change in net income	61.5% Excellent ↓ Excellent Declining Year-over-year change in net income	137.4% Excellent ↓ Excellent Declining Year-over-year change in net income	380.8% Excellent ↑ Excellent Improving Year-over-year change in net income	198.2% Excellent ↑ Excellent Improving Year-over-year change in net income	31.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-54.5% Weak Weak Year-over-year change in net income	-68.9% Weak Weak Year-over-year change in net income	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	N/M	N/M	N/M	—	—	85.3% Excellent Excellent Year-over-year change in free cash flow	-1144.8% Weak Weak Year-over-year change in free cash flow	—	—	-2338.3% Weak Weak Year-over-year change in free cash flow	N/M	—	—	97.1% Excellent Excellent Year-over-year change in free cash flow	62.6% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-20.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-26.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-37.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	39.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-6.5% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-13.3% Weak Weak Compound annual EPS growth over 3 years	-5.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
FCF / Net Income (x)	3.30x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.96x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.00x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.46x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.91x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.60x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.24x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.75x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	—	-4.09x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.05x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.87x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.09x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.15x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.14x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.07x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	—	-13.51x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.28x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-4.63x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
Return on Common Equity (%) (%)	2.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	1.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	2.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15%	1.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.8% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15%	3.7% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15%	4.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	2.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	1.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	1.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	1.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	4.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
Debt to Equity (x)	1.08x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.14x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.13x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.12x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	1.02x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.03x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.06x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	0.99x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	1.11x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	1.25x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$14.40B	$15.39B	$15.34B	$15.35B	—	—	$13.28B	$13.09B	$13.01B	—	$11.19B	—	—	—	$10.80B	—	$11.56B	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 7 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
Basic EPS, GAAP (USD)	$0.44	$0.24	$0.13	$0.41	$0.57	$0.52	$0.36	$0.54	$0.62	$0.52	$0.76	$0.72	$0.89	$0.61	$0.52	$0.35	$0.21	$0.22	$0.44	$0.83	$0.73	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$1.46	$0.47	$0.26	—	$-1.09	$-0.31	$-0.44	—	—	$-2.14	$-0.04	—	$0.08	$-0.09	$1.63	—	—	$-3.04	$1.00	—	—	—	—	—	—	—	—	—	—	—	—
Dividend per Share (USD)	$0.48	$0.48	$0.48	—	$0.48	$0.48	$0.48	—	$0.48	$0.48	$0.48	—	$0.48	$0.48	$0.48	$0.51	$0.45	$0.45	$0.45	$0.41	$0.40	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$19.32	$19.35	$19.59	$19.94	$20.00	$19.88	$19.81	$19.87	$19.77	$19.63	$19.53	$19.25	$19.01	$18.59	$18.44	$18.41	$18.57	$18.82	$19.02	$18.95	$18.52	—	—	$16.96	$17.32	$17.14	$16.66	$16.45	$16.47	$16.83	$16.46
Tangible Book Value per Share (USD)	$19.32	$19.35	$19.59	$19.94	$20.00	$19.88	$19.81	$19.87	$19.77	$19.63	$19.53	$19.25	$19.01	$18.59	$18.44	$18.41	$18.57	$18.82	$19.02	$18.95	$18.52	—	—	$16.96	$17.32	$17.14	$16.66	$16.45	$16.47	$16.83	$16.46
Basic Weighted Avg Shares (shares)	720.00M	718.00M	718.00M	—	709.00M	695.00M	676.00M	—	635.00M	616.00M	591.00M	—	562.00M	547.00M	534.00M	—	503.00M	494.00M	479.00M	—	453.00M	—	—	—	—	—	—	—	—	—	—
Dividend Payout Ratio (%)	109.1% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	200.0% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	369.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	—	84.2% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	92.3% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	133.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	—	77.4% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	92.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	63.2% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	—	53.9% Fair ↓ Fair Declining 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%	92.3% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	145.7% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	214.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	204.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	102.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	49.4% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	54.8% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
LT Debt (USD)	$15.12B	$15.77B	$15.85B	$15.99B	—	—	$13.92B	$13.73B	$13.50B	—	$11.70B	—	—	—	$11.16B	—	$11.82B	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$13.95B	$13.89B	$14.06B	$14.32B	$14.32B	$14.03B	$13.67B	$13.36B	$12.77B	$12.36B	$11.87B	$11.20B	$10.81B	$10.35B	$10.05B	$9.55B	$9.44B	$9.34B	$9.38B	$8.87B	$8.54B	$8.08B	$7.18B	$7.18B	$7.47B	$7.30B	$7.10B	$5.17B	$5.17B	$5.28B	$4.90B

📋 What is driving earnings? 2 metrics

Metric	Q3 FY2026 Sep 30, 2026 10-Q ↗	Q2 FY2026 Jun 30, 2026 10-Q ↗	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q4 FY2013 Dec 31, 2013 10-K ↗
Net Income, GAAP (USD)	$319.00M	$171.00M	$92.00M	$293.00M	$404.00M	$361.00M	$241.00M	$357.00M	$394.00M	$322.00M	$449.00M	$413.00M	$500.00M	$331.00M	$278.00M	$174.00M	$104.00M	$111.00M	$211.00M	$382.00M	$334.00M	—	—	—	—	—	—	—	—	—	—
Operating Cash Flow (USD)	$1.05B	$336.00M	$184.00M	$-427.00M	$-773.00M	$-218.00M	$-299.00M	$-268.00M	—	$-1.32B	$-21.00M	$-359.00M	$46.00M	$-48.00M	$872.00M	$-360.00M	—	$-1.50B	$481.00M	$-1.77B	—	—	—	—	—	—	—	—	—	—	—

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Synced 5 days ago 13 years · 31 quarters

ARES CAPITAL CORP

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