The Filing Desk

Ares Management vs Invesco

Ares Management ARES · Invesco IVZ · Asset Management & Custody Banks

Invesco reported revenue of $6.4 billion in fiscal 2025, 1.3 times Ares Management's $4.8 billion in fiscal 2025. Ares Management's revenue grew 28.9% in its latest year, and Invesco's grew 5.1%.

Side by side

Ares ManagementInvesco
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.8B$6.4B
Revenue growth28.9%5.1%
Revenue growth a year, last 5 years22.1%0.7%
Gross margin——
Operating margin—−10.9%
Net margin11.1%−11.4%
Free cash flow—$1.4B
Free cash flow margin—22.6%
Return on capital—−3.8%
Net debt to EBITDA——
Dividends and buybacks$0M$501M
Change in diluted share count—−0.6%
Last close$121.88$28.53
P/E at the last close——
Insider trades, last 12 monthsbought $1.3 million, sold $91.5 millionsold $11.0 million
Piotroski F-score——
Amounts in each company's own currency, US$ 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 ManagementInvesco
Operating margin
Percent of revenue
Ares ManagementInvesco
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Ares ManagementInvesco

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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 Invesco pages.