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 13.33B
Enterprise Value 28.55B Income 1.30B Sales 3.05B
Book/sh 19.94 Cash/sh 1.00 Dividend Yield 10.41%
Payout 103.23% Employees IPO
P/E 9.98 Forward P/E 9.64 PEG
P/S 4.37 P/B 0.93 P/C
EV/EBITDA EV/Sales 9.35 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 4.10% Short Ratio 3.44
Short Interest 52W High 23.42 52W Low 17.59
Beta 0.63 Avg Volume 7.30M Volume 2.51M
Target Price $21.88 Recom Buy Prev Close $18.44
Price $18.57 Change 0.68%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.88
Mean price target
2. Current target
$18.46
Latest analyst target
3. DCF / Fair value
$17.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.46
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 15000 288000 Purchase at price 19.20 per share. MARKOWICZ JANA Chief Operating Officer 2026-02-09 00:00:00 D
1 5186 100038 Purchase at price 19.29 per share. LEM SCOTT C Chief Financial Officer 2026-02-06 00:00:00 D
2 4000 76560 Purchase at price 19.14 per share. HENSON MARY BETH Director 2026-02-05 00:00:00 D
3 12500 239125 Purchase at price 19.13 per share. SCHNBELL MICHAEL KORT Chief Executive Officer 2026-02-05 00:00:00 D
4 12500 239125 Purchase at price 19.13 per share. SCHNBELL MICHAEL KORT Chief Executive Officer 2026-02-05 00:00:00 D
5 13000 265070 Purchase at price 20.39 per share. SCHNBELL MICHAEL KORT Chief Executive Officer 2025-10-31 00:00:00 D
6 40000 932800 Purchase at price 23.32 per share. MILLER JAMES ROBERT President 2025-03-03 00:00:00 D
7 300172 Stock Gift at price 0.00 per share. AROUGHETI MICHAEL J Officer and Director 2025-02-18 00:00:00 D
8 6000 136500 Purchase at price 22.75 per share. BATES ANN TORRE Director 2025-02-11 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.030.030.020.08
NetIncomeFromContinuingOperationNetMinorityInterest1.30B1.52B1.52B600.00M
NetInterestIncome1.45B1.50B1.38B1.01B
InterestExpense736.00M659.00M582.00M455.00M
InterestIncome2.18B2.16B1.96B1.47B
NormalizedIncome1.30B1.52B1.52B600.00M
NetIncomeFromContinuingAndDiscontinuedOperation1.30B1.52B1.52B600.00M
DilutedAverageShares699.00M624.00M575.00M518.00M
BasicAverageShares699.00M624.00M554.00M498.00M
DilutedEPS1.862.442.681.19
BasicEPS1.862.442.751.21
DilutedNIAvailtoComStockholders1.30B1.52B1.52B617.00M
AverageDilutionEarnings0.000.000.0017.00M
NetIncomeCommonStockholders1.30B1.52B1.52B600.00M
NetIncome1.30B1.52B1.52B600.00M
NetIncomeIncludingNoncontrollingInterests1.30B1.52B1.52B600.00M
NetIncomeContinuousOperations1.30B1.52B1.52B600.00M
TaxProvision43.00M40.00M28.00M55.00M
PretaxIncome1.34B1.56B1.55B655.00M
GainOnSaleOfSecurity-13.00M-93.00M-147.00M24.00M
OperatingExpense109.00M113.00M42.00M86.00M
OtherOperatingExpenses58.00M70.00M52.00M48.00M
SellingGeneralAndAdministration51.00M43.00M42.00M38.00M
GeneralAndAdministrativeExpense51.00M43.00M42.00M38.00M
TotalRevenue1.45B1.68B1.59B741.00M
OperatingRevenue1.45B1.68B1.59B741.00M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber718.00M672.00M582.31M519.00M
ShareIssued718.00M672.00M582.31M519.00M
NetDebt15.35B13.12B11.38B11.99B
TotalDebt15.99B13.76B11.92B12.32B
TangibleBookValue14.32B13.36B11.20B9.55B
InvestedCapital30.31B27.11B23.12B21.84B
NetTangibleAssets14.32B13.36B11.20B9.55B
CommonStockEquity14.32B13.36B11.20B9.55B
TotalCapitalization30.31B27.11B23.12B21.84B
TotalEquityGrossMinorityInterest14.32B13.36B11.20B9.55B
StockholdersEquity14.32B13.36B11.20B9.55B
RetainedEarnings958.00M852.00M462.00M-2.00M
AdditionalPaidInCapital13.36B12.50B10.74B9.56B
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
TotalLiabilitiesNetMinorityInterest16.92B14.90B12.60B12.84B
LongTermDebtAndCapitalLeaseObligation15.99B13.76B11.92B12.32B
Payables766.00M927.00M430.00M356.00M
OtherPayable568.00M521.00M291.00M229.00M
AccountsPayable198.00M406.00M139.00M127.00M
TotalAssets31.23B28.25B23.80B22.40B
InvestmentsAndAdvances29.48B26.72B22.87B21.78B
InvestmentinFinancialAssets29.48B26.72B22.87B21.78B
FinancialAssetsDesignatedasFairValueThroughProfitorLossTotal29.48B26.72B22.87B21.78B
NetPPE10.00M20.00M27.00M
Receivables605.00M516.00M261.00M180.00M
CashAndCashEquivalents638.00M635.00M535.00M303.00M
CashCashEquivalentsAndFederalFundsSold924.00M860.00M564.00M337.00M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-1.72B-2.13B511.00M-1.36B
RepurchaseOfCapitalStock0.000.00
RepaymentOfDebt-10.37B-10.98B-5.60B-6.82B
IssuanceOfDebt12.53B13.24B5.21B7.96B
IssuanceOfCapitalStock928.00M1.36B1.16B1.00B
EndCashPosition924.00M860.00M564.00M337.00M
BeginningCashPosition860.00M564.00M337.00M486.00M
ChangesInCash64.00M296.00M227.00M-149.00M
FinancingCashFlow1.78B2.42B-284.00M1.21B
NetOtherFinancingCharges0.000.000.000.00
CashDividendsPaid-1.26B-1.14B-1.03B-912.00M
CommonStockDividendPaid-1.26B-1.14B-1.03B-912.00M
NetCommonStockIssuance928.00M1.36B1.16B1.00B
CommonStockPayments0.000.00
CommonStockIssuance928.00M1.36B1.16B1.00B
NetIssuancePaymentsOfDebt2.16B2.26B-388.00M1.14B
NetLongTermDebtIssuance2.16B2.26B-388.00M1.14B
LongTermDebtPayments-10.37B-10.98B-5.60B-6.82B
LongTermDebtIssuance12.53B13.24B5.21B7.96B
OperatingCashFlow-1.72B-2.13B511.00M-1.36B
InterestReceivedCFO131.00M109.00M48.00M30.00M
DividendReceivedCFO149.00M33.00M11.00M71.00M
ChangeInWorkingCapital-82.00M157.00M39.00M-147.00M
ChangeInOtherCurrentLiabilities0.000.000.000.00
ChangeInOtherCurrentAssets-35.00M5.00M-8.00M65.00M
ChangeInPayable-45.00M197.00M107.00M-178.00M
ChangeInReceivables-2.00M-45.00M-60.00M-34.00M
OtherNonCashItems-202.00M-182.00M-158.00M-77.00M
GainLossOnInvestmentSecurities-3.01B-3.77B-951.00M-1.84B
NetIncomeFromContinuingOperations1.30B1.52B1.52B600.00M
SEC Filings

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

Public Trades for ARCC
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status