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ARCC
Ares Capital Corporation
$18.09
0.36
(2.03%)
| Exchange: | NASDAQ |
| Market Cap: | 12.989B |
| Shares Outstanding: | 11.067M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Asset Management | |||||
| CEO: | Kort Schnabel | |||||
| Full Time Employees: | 1200 | |||||
| Address: |
| |||||
| Website: | https://www.arescapitalcorp.com |
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
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Revenue Segmentation
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,166,000 | 2,367,000 | 3,145,000 |
| Gross Profit | 1,636,000 | 1,708,000 | 2,380,000 |
| EBITDA | 1,542,000 | 1,595,000 | 2,191,000 |
| Operating Income | 1,542,000 | 1,595,000 | 2,191,000 |
| Net Income | 1,522,000 | 1,522,000 | 1,299,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 23,800,000 | 28,254,000 | 31,235,000 |
| Total Liabilities | 12,599,000 | 14,899,000 | 16,917,000 |
| Total Stockholders Equity | 11,201,000 | 13,355,000 | 14,318,000 |
| Total Debt | 11,935,000 | 13,759,000 | 0 |
| Cash and Cash Equivalents | 535,000 | 635,000 | 638,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 511,000 | -2,128,000 | -1,717,000 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 511,000 | -2,128,000 | -1,717,000 |
| Net Income | 1,522,000 | 0 | 1,415,000 |
| Net Change in Cash | 227,000 | 296,000 | 64,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,959,071.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 3,331,861.891 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 3,178,645 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,017,268.172 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,271,408.167 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,166,956.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,244,220.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,347,525.211 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,295,872.606 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 52,289.160 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 58,876.666 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 56,169.201 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.850 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.930 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.780 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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ARCC
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