ARES COMMERCIAL REAL ESTATE CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 68.0% | 99.5% |
| FY2017 | — | 66.0% | 65.6% |
| FY2018 | — | 70.6% | 69.8% |
| FY2019 | — | 48.5% | 47.9% |
| FY2020 | — | 26.8% | 26.4% |
| FY2021 | — | 59.9% | 59.2% |
| FY2022 | — | 28.3% | 27.9% |
| FY2023 | — | -41.9% | -41.8% |
| FY2024 | — | -50.3% | -50.2% |
| FY2025 | — | -1.1% | -1.6% |