Symbols / ARCC $18.06 -1.34% Ares Capital Corporation

Financial Services • Asset Management • United States • NMS
ARCC Chart
About

Ares Capital Corporation is a business development company specializing in growth capital, 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 invest in the United States based companies. 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 $30 million and $500 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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Asset Management Market Cap 12.96B
Enterprise Value 28.30B Income 1.30B Sales 3.05B
Book/sh 19.94 Cash/sh 1.00 Dividend Yield 10.61%
Payout 103.23% Employees — IPO —
P/E 9.71 Forward P/E 9.38 PEG —
P/S 4.25 P/B 0.91 P/C —
EV/EBITDA — EV/Sales 9.27 Quick Ratio 0.46
Current Ratio 0.56 Debt/Eq 111.91 LT Debt/Eq —
EPS (ttm) 1.86 EPS next Y 1.93 EPS Growth -24.90%
Revenue Growth 4.50% Earnings 2026-04-28 ROA 4.73%
ROE 9.39% ROIC — Gross Margin 100.00%
Oper. Margin 75.28% Profit Margin 42.56% Shs Outstand 718.02M
Shs Float — Short Float 5.64% Short Ratio 4.42
Short Interest — 52W High 23.42 52W Low 17.40
Beta 0.63 Avg Volume 7.74M Volume 4.08M
Target Price $21.88 Recom Buy Prev Close $18.30
Price $18.05 Change -1.34%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.88
Mean price target
2. Current target
$18.08
Latest analyst target
3. DCF / Fair value
$17.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.08
Low
$19.00
High
$26.00
Mean
$21.88

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-13 main UBS Neutral → Neutral $19
2026-03-13 main JP Morgan Overweight → Overweight $19
2026-02-09 main RBC Capital Outperform → Outperform $22
2026-02-05 main Wells Fargo Overweight → Overweight $20
2025-10-29 main Keefe, Bruyette & Woods Outperform → Outperform $22
2025-10-29 main RBC Capital Outperform → Outperform $23
2025-10-29 main Wells Fargo Overweight → Overweight $21
2025-10-14 main UBS Neutral → Neutral $21
2025-10-10 init LUCID CAPITAL MARKETS — → Buy $23
2025-10-01 main JP Morgan Overweight → Overweight $22
2025-07-31 main JMP Securities Market Outperform → Market Outperform $23
2025-07-30 main Wells Fargo Overweight → Overweight $23
2025-07-30 main Keefe, Bruyette & Woods Outperform → Outperform $23
2025-07-30 up B. Riley Securities Neutral → Buy $24
2025-07-16 main UBS Neutral → Neutral $23
2025-06-27 main Wells Fargo Overweight → Overweight $22
2025-05-06 main RBC Capital Outperform → Outperform $23
2025-04-30 main Wells Fargo Overweight → Overweight $21
2025-04-28 main Wells Fargo Overweight → Overweight $22
2025-04-24 main JP Morgan Overweight → Overweight $22
News
RSS: Latest ARCC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-09 MARKOWICZ JANA Chief Operating Officer — 15,000 $19.20 $288,000
2026-02-06 LEM SCOTT C Chief Financial Officer — 5,186 $19.29 $100,038
2026-02-05 HENSON MARY BETH Director — 4,000 $19.14 $76,560
2026-02-05 SCHNBELL MICHAEL KORT Chief Executive Officer — 12,500 $19.13 $239,125
2026-02-05 SCHNBELL MICHAEL KORT Chief Executive Officer — 12,500 $19.13 $239,125
2025-10-31 SCHNBELL MICHAEL KORT Chief Executive Officer — 13,000 $20.39 $265,070
2025-03-03 MILLER JAMES ROBERT President — 40,000 $23.32 $932,800
2025-02-18 AROUGHETI MICHAEL J Officer and Director — 300,172 $0.00 $0
2025-02-11 BATES ANN TORRE Director — 6,000 $22.75 $136,500
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,451.00
-13.37%
1,675.00
+5.21%
1,592.00
+114.84%
741.00
Operating Revenue
1,451.00
-13.37%
1,675.00
+5.21%
1,592.00
+114.84%
741.00
Operating Expense
109.00
-3.54%
113.00
+169.05%
42.00
-51.16%
86.00
Selling General And Administration
51.00
+18.60%
43.00
+2.38%
42.00
+10.53%
38.00
General And Administrative Expense
51.00
+18.60%
43.00
+2.38%
42.00
+10.53%
38.00
Other Operating Expenses
58.00
-17.14%
70.00
+34.62%
52.00
+8.33%
48.00
Net Income
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Pretax Income
1,342.00
-14.08%
1,562.00
+0.77%
1,550.00
+136.64%
655.00
Net Interest Income
1,447.00
-3.73%
1,503.00
+8.91%
1,380.00
+35.96%
1,015.00
Interest Expense
736.00
+11.68%
659.00
+13.23%
582.00
+27.91%
455.00
Interest Income
2,183.00
+0.97%
2,162.00
+10.19%
1,962.00
+33.47%
1,470.00
Gain On Sale Of Security
-13.00
+86.02%
-93.00
+36.73%
-147.00
-712.50%
24.00
Tax Provision
43.00
+7.50%
40.00
+42.86%
28.00
-49.09%
55.00
Tax Rate For Calcs
0.00
+25.12%
0.00
+41.75%
0.00
-78.49%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Net Income From Continuing Operation Net Minority Interest
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Net Income From Continuing And Discontinued Operation
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Net Income Continuous Operations
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Normalized Income
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Net Income Common Stockholders
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Diluted EPS
1.86
-23.77%
2.44
-8.96%
2.68
+125.21%
1.19
Basic EPS
1.86
-23.77%
2.44
-11.27%
2.75
+127.27%
1.21
Basic Average Shares
699.00
+12.02%
624.00
+12.64%
554.00
+11.24%
498.00
Diluted Average Shares
699.00
+12.02%
624.00
+8.52%
575.00
+11.00%
518.00
Diluted NI Availto Com Stockholders
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+146.68%
617.00
Average Dilution Earnings
0.00
0.00
0.00
-100.00%
17.00
Line Item Trend 2023-12-31
Total Assets
23,800.00
Cash And Cash Equivalents
535.00
Receivables
261.00
Net PPE
10.00
Investments And Advances
22,874.00
Total Liabilities Net Minority Interest
12,599.00
Payables
430.00
Accounts Payable
139.00
Other Payable
291.00
Long Term Debt And Capital Lease Obligation
11,918.00
Stockholders Equity
11,201.00
Common Stock Equity
11,201.00
Capital Stock
1.00
Common Stock
1.00
Share Issued
582.31
Ordinary Shares Number
582.31
Treasury Shares Number
0.00
Additional Paid In Capital
10,738.00
Retained Earnings
462.00
Total Equity Gross Minority Interest
11,201.00
Total Capitalization
23,119.00
Invested Capital
23,119.00
Total Debt
11,918.00
Net Debt
11,383.00
Net Tangible Assets
11,201.00
Tangible Book Value
11,201.00
Cash Cash Equivalents And Federal Funds Sold
564.00
Financial Assets Designatedas Fair Value Through Profitor Loss Total
22,874.00
Investmentin Financial Assets
22,874.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-1,717.00
+19.31%
-2,128.00
-516.44%
511.00
+137.60%
-1,359.00
Net Income From Continuing Operations
1,299.00
-14.65%
1,522.00
+0.00%
1,522.00
+153.67%
600.00
Other Non Cash Items
-202.00
-10.99%
-182.00
-15.19%
-158.00
-105.19%
-77.00
Gain Loss On Investment Securities
-3,012.00
+20.04%
-3,767.00
-296.11%
-951.00
+48.20%
-1,836.00
Change In Working Capital
-82.00
-152.23%
157.00
+302.56%
39.00
+126.53%
-147.00
Change In Receivables
-2.00
+95.56%
-45.00
+25.00%
-60.00
-76.47%
-34.00
Change In Payable
-45.00
-122.84%
197.00
+84.11%
107.00
+160.11%
-178.00
Change In Other Current Assets
-35.00
-800.00%
5.00
+162.50%
-8.00
-112.31%
65.00
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
1,781.00
-26.53%
2,424.00
+953.52%
-284.00
-123.47%
1,210.00
Net Issuance Payments Of Debt
2,162.00
-4.25%
2,258.00
+681.96%
-388.00
-134.12%
1,137.00
Issuance Of Debt
12,534.00
-5.32%
13,238.00
+153.84%
5,215.00
-34.44%
7,955.00
Repayment Of Debt
-10,372.00
+5.54%
-10,980.00
-95.97%
-5,603.00
+17.82%
-6,818.00
Long Term Debt Issuance
12,534.00
-5.32%
13,238.00
+153.84%
5,215.00
-34.44%
7,955.00
Long Term Debt Payments
-10,372.00
+5.54%
-10,980.00
-95.97%
-5,603.00
+17.82%
-6,818.00
Net Long Term Debt Issuance
2,162.00
-4.25%
2,258.00
+681.96%
-388.00
-134.12%
1,137.00
Net Common Stock Issuance
928.00
-31.96%
1,364.00
+18.10%
1,155.00
+15.38%
1,001.00
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
-1,264.00
-10.97%
-1,139.00
-10.48%
-1,031.00
-13.05%
-912.00
Cash Dividends Paid
-1,264.00
-10.97%
-1,139.00
-10.48%
-1,031.00
-13.05%
-912.00
Repurchase Of Capital Stock
—
—
—
0.00
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
64.00
-78.38%
296.00
+30.40%
227.00
+252.35%
-149.00
Beginning Cash Position
860.00
+52.48%
564.00
+67.36%
337.00
-30.66%
486.00
End Cash Position
924.00
+7.44%
860.00
+52.48%
564.00
+67.36%
337.00
Free Cash Flow
-1,717.00
+19.31%
-2,128.00
-516.44%
511.00
+137.60%
-1,359.00
Common Stock Issuance
928.00
-31.96%
1,364.00
+18.10%
1,155.00
+15.38%
1,001.00
Dividend Received CFO
149.00
+351.52%
33.00
+200.00%
11.00
-84.51%
71.00
Interest Received CFO
131.00
+20.18%
109.00
+127.08%
48.00
+60.00%
30.00
Issuance Of Capital Stock
928.00
-31.96%
1,364.00
+18.10%
1,155.00
+15.38%
1,001.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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