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Ares Capital Corporation

NASDAQ•ARCC
CEO: Mr. Robert Kipp DeVeer III
Sector: Financial Services
Industry: Asset Management
Listing Date: 2004-10-05
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.
Contact Information
1800 Avenue of the Stars, Suite 1400, Los Angeles, CA, 90067-4733, United States
310-201-4100
www.arescapitalcorp.com
Market Cap
$13.61B
P/E (TTM)
10.2
0
Dividend Yield
10.1%
52W High
$23.42
52W Low
$18.17
52W Range
15%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$635.00M+0.00%
4-Quarter Trend

EPS

$0.41+0.00%
4-Quarter Trend

FCF

$248.00M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Asset Growth and Commitments Total assets reached $31.24B by year-end 2025, up from $28.25B in 2024. New investment commitments increased to $15.78B.
Investment Income Increased Total investment income grew to $3.05B in 2025, a modest increase from $2.99B reported in the prior year, supporting operations.
SDLP Yield Improved SDLP investment yield improved to 13.2% at amortized cost in 2025, up from 12.4% in 2024, showing strong underlying asset performance.

Risk Factors

Net Investment Income Declined Net investment income declined to $1.42B in 2025, down from $1.44B in 2024, primarily due to increased total expenses across the portfolio.
Non-Accruals Increased Slightly Loans on non-accrual status increased to 1.2% (fair value) in 2025, up from 1.0% in 2024, signaling minor deterioration in portfolio credit quality.
Increased Debt Leverage Total debt outstanding grew to $16.01B by year-end 2025, increasing leverage relative to net assets and raising interest rate sensitivity risks.
Fee Structure Incentivizes Risk Income based fee structure may require payments even if the portfolio incurs net realized or unrealized capital losses during the quarter.

Outlook

Focus on Proprietary Deal Flow Continue self-origination strategy to gain greater control over capital structure, deal terms, and investment outcomes for better selectivity.
Evaluating Strategic Acquisitions Evaluating potential strategic opportunities for further industry consolidation, including acquisitions of asset portfolios and management firms.
Attractive Middle-Market View Believes current credit market conditions present attractive opportunities for investing in middle-market companies across capital structures.

Peer Comparison

Revenue (TTM)

ARCC stock ticker logoARCC
$2.32B
-1.5%
MAIN stock ticker logoMAIN
$734.76M
+1.4%
HTGC stock ticker logoHTGC
$547.10M
+27.0%

Gross Margin (Latest Quarter)

CGBD stock ticker logoCGBD
106.8%
-2.4pp
MAIN stock ticker logoMAIN
100.0%
+0.4pp
HTGC stock ticker logoHTGC
98.1%
+4.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ARCC$13.61B10.29.2%51.2%
MAIN$5.12B10.416.9%43.0%
HTGC$2.67B7.715.9%50.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.5%
Steady Growth
4Q Net Income CAGR
6.7%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 27, 2026
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LTM
No Data