ARES MANAGEMENT CORPORATION
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Mar 2017 | — | -78.0% | -16.8% |
| Jun 2017 | — | 20.1% | 8.7% |
| Sep 2017 | — | 30.7% | 9.7% |
| Dec 2017 | — | 38.4% | 11.1% |
| Mar 2018 | — | 27.5% | 18.1% |
| Jun 2018 | — | 15.4% | -3.5% |
| Sep 2018 | — | 18.1% | 5.5% |
| Dec 2018 | — | 7.6% | 4.8% |
| Mar 2019 | — | 44.6% | 14.8% |
| Jun 2019 | — | 29.4% | 11.2% |
| Sep 2019 | — | 38.0% | 12.2% |
| Dec 2019 | — | 23.2% | 8.8% |
| Mar 2020 | — | -69.0% | -7.2% |
| Jun 2020 | — | 75.7% | 17.3% |
| Sep 2020 | — | 37.3% | 11.1% |
| Dec 2020 | — | 48.3% | 13.9% |
| Mar 2021 | — | 46.2% | 14.2% |
| Jun 2021 | — | 64.3% | 27.9% |
| Sep 2021 | — | 50.8% | 16.6% |
| Dec 2021 | — | 35.9% | 14.4% |
| Mar 2022 | — | 32.0% | 8.3% |
| Jun 2022 | — | 13.8% | 6.5% |
| Sep 2022 | — | -7.0% | -5.9% |
| Dec 2022 | — | 32.7% | 10.6% |
| Mar 2023 | — | 40.7% | 27.6% |
| Jun 2023 | — | 51.9% | 33.7% |
| Sep 2023 | — | 37.3% | 17.2% |
| Dec 2023 | — | 43.1% | -7.8% |
| Mar 2024 | — | 31.4% | 9.9% |
| Jun 2024 | — | 36.3% | 10.9% |
| Sep 2024 | — | 38.9% | 14.1% |
| Dec 2024 | — | 32.3% | 14.3% |
| Mar 2025 | — | 14.0% | 4.7% |
| Jun 2025 | — | 27.6% | 13.2% |
| Sep 2025 | — | 56.6% | 25.1% |
| Dec 2025 | — | 13.3% | 3.5% |
| Mar 2026 | — | 24.1% | 11.0% |
| Jun 2026 | — | 29.8% | 11.6% |