Ares Management vs Carlyle Group
Carlyle Group reported revenue of $4.8 billion in fiscal 2025, about the same as Ares Management's $4.8 billion in fiscal 2025. Ares Management's revenue grew 28.9% in its latest year, and Carlyle Group's fell 11.9%.
Side by side
| Ares Management | Carlyle Group | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.8B | $4.8B |
| Revenue growth | 28.9% | −11.9% |
| Revenue growth a year, last 5 years | 22.1% | 10.2% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 11.1% | 16.9% |
| Free cash flow | — | −$3.4B |
| Free cash flow margin | — | −70.6% |
| Return on capital | — | 13.7% |
| Net debt to EBITDA | — | 0.7x |
| Dividends and buybacks | $0M | $1.2B |
| Change in diluted share count | — | 0.8% |
| Last close | $121.88 | $38.75 |
| P/E at the last close | — | 40.4× |
| Insider trades, last 12 months | bought $1.3 million, sold $91.5 million | sold $75.8 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Ares ManagementCarlyle Group
Operating margin
Percent of revenue
Ares ManagementCarlyle Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Ares ManagementCarlyle Group
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ares Management and Carlyle Group pages.