ARES CAPITAL CORP

ARCC

ARES CAPITAL CORP

ARCC

Insider Sentiment (TTM):

Last Purchase:2026-02-09Last Sale:-Shares Purchased (TTM):49,686Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:218,362,430Shares Outstanding:718,000,000Institutional Ownership Pct.:30.41%

Earnings Market Reaction:

Filing Date:2026-04-28Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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ARES CAPITAL CORP (ARCC) — SEC Financial Statements & Analysis

ARES CAPITAL CORP (ARCC) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Investment Unaffiliated Issuer	24,607	24,872	1,280	682	22,590	22,145	849	2,157	18,452	18,283	500	16,872
Investment Affiliated Issuer Noncontrolled	581	600	-16	-53	668	707	127	88	502	424	31	390
Investment Affiliated Issuer Controlled	4,311	4,013	-457	127	3,872	3,868	-31	-396	4,170	4,167	-98	4,234
Assets
Investments
Investment Owned At Fair Value	29,499	29,485	28,693	27,886	27,130	26,720	25,918	24,973	23,124	22,874	21,929	21,497
Cash And Cash Equivalents At Carrying Value	505	638	1,036	447	647	635	486	601	509	535	527	411
Restricted Cash	150	286	218	217	95	225	138	80	68	29	78	42
Interest Receivable	239	288	256	273	239	292	269	285	251	245	215	181
Receivable Investment Sale	97	317	375	33	33	224	113	46	213	16	44	5
Other Assets	189	221	228	215	173	158	169	99	82	101	114	81
Operating Lease Right Of Use Asset	-	-	-	-	-	-	7	8	9	10	13	15
Assets	30,679	31,235	30,806	29,071	28,317	28,254	27,100	26,092	24,256	23,800	22,920	22,231
Liabilities
Long Term Debt	15,848	15,991	15,605	14,109	13,922	13,727	13,500	12,960	11,695	11,884	11,517	11,371
Management Fee Payable	111	111	108	104	102	100	96	91	87	84	81	79
Incentive Fee Payable	-	-	-	-	80	105	106	100	112	88	75	33
Incentive Fee Payable Income Based	84	89	-	-	-	91	-	-	-	-	-	-
Incentive Fee Payable Capital Gain Based	20	82	97	84	-	105	-	-	-	-	-	-
Derivative Liabilities	62	155	106	143	-	62	-	-	-	-	-	-
Payable Investment Purchase	91	5	1	6	10	236	45	10	14	7	1	6
Accounts Payable And Other Accrued Liabilities	126	132	214	158	289	121	284	237	164	251	132	121
Deferred Income Tax Liabilities Net	60	28	24	80	-	92	-	-	-	-	-	-
Securities Loaned	-	0	0	0	0	32	34	33	34	34	34	35
Operating Lease Liability	-	-	-	-	-	-	13	14	15	17	20	24
Liabilities	16,614	16,917	16,484	15,037	14,645	14,899	14,327	13,728	12,384	12,599	12,105	11,877
Stockholders Equity
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	13,359	13,359	13,470	13,244	12,906	12,502	12,044	11,721	11,251	10,738	10,505	10,273
Retained Earnings Accumulated Deficit	705	958	851	789	765	852	728	642	620	462	309	80
Stockholders Equity	14,065	14,318	14,322	14,034	13,672	13,355	12,773	12,364	11,872	11,201	10,815	10,354
Liabilities And Stockholders Equity	30,679	31,235	30,806	29,071	28,317	28,254	27,100	26,092	24,256	23,800	22,920	22,231
Net Asset Value Per Share	19.59	19.94	20.01	19.9	19.82	19.89	19.77	19.61	19.53	19.24	18.99	18.58
Investment Owned At Cost	29,648	29,250	28,567	27,581	26,778	26,374	25,573	24,707	22,805	22,668	21,864	21,686
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Common Stock Shares Issued	718	718	716	706	690	672	646	630	608	582	569	557
Shares Outstanding	718	718	716	706	690	672	646	630	608	582	569	557

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-1.74%	-2.27%	-	-	-	-	-	-	-	-	-	-
2025	4.45%	6.26%	14.76%	-0.98%	-2.24%	-11.54%	-3.55%	-0.78%	4.00%	-4.81%	-8.35%	-1.95%
2024	2.40%	0.98%	1.62%	-1.69%	-0.85%	4.16%	3.19%	2.41%	11.04%	1.21%	-2.09%	-6.52%
2023	-	-	-	-0.67%	1.75%	0.48%	3.48%	5.62%	10.04%	0.20%	5.56%	5.36%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Leverage & Debt
Interest Coverage TTM	2.40	2.64	2.77	2.79	2.77	3.13	3.30	3.65	3.81	3.62	3.11	2.64
Per Share Metrics
Diluted EPS TTM	1.60	1.86	1.92	1.95	1.94	2.44	2.49	2.73	2.86	2.65	2.76	2.13
Free Cash Flow Per Share TTM	-1.72	-2.46	-2.20	-1.88	-3.56	-3.41	-3.49	-2.68	-0.65	0.92	0.91	-0.98
Dividend Per Share TTM	1.81	1.81	1.76	1.75	1.74	1.83	1.73	1.73	1.76	1.86	1.81	2.61
Margin Metrics
Gross Profit Margin TTM	-68,233.33%	-	-	-	-	-	-	-	5,116.67%	-	-2,823.08%	-2,434.48%
Operating Profit Margin TTM	0.00%	0.00%	-	-	0.00%	-	0.00%	0.00%	0.00%	-	0.00%	0.00%
Net Profit Margin TTM	95,833.33%	162,375.00%	-	-	-131,400.00%	-	-6,069.23%	-7,654.55%	-14,108.33%	-	6,173.08%	4,168.97%
Growth Metrics
Net Revenue Growth (1Y)	-220.00%	-	-100.00%	-100.00%	-91.67%	-	-200.00%	-175.86%	-	-	-	-
Net Income Growth (1Y)	-12.48%	-14.65%	-13.62%	-19.66%	-22.39%	0.00%	-1.68%	39.29%	-	-	-	-
EPS Growth (1Y)	-17.60%	-23.81%	-22.64%	-28.79%	-32.15%	-11.22%	-12.98%	23.69%	-	-	-	-
Valuation Metrics
P/E TTM	10.97	10.33	9.85	10.24	10.12	7.79	7.15	6.32	5.89	5.77	5.27	6.41
P/B	0.90	0.94	0.94	0.99	0.97	0.89	0.88	0.86	0.84	0.78	0.78	0.75
P/S TTM	10,513.26	16,777.61	-	-	-13,299.63	-	-434.23	-483.95	-831.23	-	325.37	267.35
Market Cap	12.62B	13.42B	13.42B	13.85B	13.30B	11.86B	11.29B	10.65B	9.97B	8.79B	8.46B	7.75B
Enterprise Value	27.81B	28.49B	27.77B	27.29B	26.48B	24.72B	24.17B	22.93B	21.09B	20.11B	19.37B	18.67B
Calculated Values
Free Cash Flow TTM	-1.23B	-1.72B	-1.56B	-1.31B	-2.41B	-2.13B	-2.22B	-1.65B	-382.00M	511.00M	510.00M	-535.00M
Net Debt	15.19B	15.07B	14.35B	13.45B	13.18B	12.87B	12.88B	12.28B	11.12B	11.32B	10.91B	10.92B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-02-09Purchase

Owner: Markowicz, Jana

Title: Chief Operating Officer

Shares: 15,000

Price/Share: $19.20

Value: $288,000.00

Shares Owned: 25,176

Relationship: Officer

Ownership: Direct

2026-02-06Purchase

Owner: Lem, Scott C

Title: CFO and Treasurer

Shares: 5,186

Price/Share: $19.29

Value: $100,037.94

Shares Owned: 39,463

Relationship: Officer

Ownership: Direct

2026-02-05Purchase

Owner: Henson, Mary Beth

Title: -

Shares: 4,000

Price/Share: $19.14

Value: $76,560.00

Shares Owned: 31,913

Relationship: Director

Ownership: Direct

2026-02-05Purchase

Owner: Schnabel, Michael Kort

Title: Chief Executive Officer

Shares: 12,500

Price/Share: $19.13

Value: $239,125.00

Shares Owned: 40,500

Relationship: Officer

Ownership: Direct

2025-10-31Purchase

Owner: Schnabel, Michael Kort

Title: Chief Executive Officer

Shares: 13,000

Price/Share: $20.39

Value: $265,070.00

Shares Owned: 28,000

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-02-09	Markowicz, Jana	Officer	Chief Operating Officer	Direct	Purchase	15,000	19.20	$288,000.00	25,176	4
2026-02-06	Lem, Scott C	Officer	CFO and Treasurer	Direct	Purchase	5,186	19.29	$100,037.94	39,463	4
2026-02-05	Henson, Mary Beth	Director	-	Direct	Purchase	4,000	19.14	$76,560.00	31,913	4
2026-02-05	Schnabel, Michael Kort	Officer	Chief Executive Officer	Direct	Purchase	12,500	19.13	$239,125.00	40,500	4/A
2025-10-31	Schnabel, Michael Kort	Officer	Chief Executive Officer	Direct	Purchase	13,000	20.39	$265,070.00	28,000	4
2025-03-03	Miller, James Robert	Officer	Co-President	Direct	Purchase	40,000	23.32	$932,800.00	40,000	4
2025-02-11	Bates, Ann Torre	Director	-	Direct	Purchase	6,000	22.75	$136,500.00	30,000	4
2023-05-02	Schnabel, Michael Kort	Officer	Co-President	Direct	Purchase	15,000	17.84	$267,600.00	15,000	4
2023-03-16	Roll, Penelope F	Officer	Chief Financial Officer	Indirect	Purchase	3,000	17.44	$52,320.00	60,500	4
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Institutional Ownership

No data available for chart

2026-03-31

30.41%

Inst. Shares: 218,362,430

Shares Outstanding: 718,000,000

2025-12-31

30.69%

Inst. Shares: 214,556,932

Shares Outstanding: 699,000,000

2025-09-30

27.85%

Inst. Shares: 197,426,016

Shares Outstanding: 709,000,000

2025-06-30

27.68%

Inst. Shares: 192,369,921

Shares Outstanding: 695,000,000

2025-03-31

28.21%

Inst. Shares: 190,675,372

Shares Outstanding: 676,000,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	218,362,430	718,000,000	30.41%
2025-12-31	214,556,932	699,000,000	30.69%
2025-09-30	197,426,016	709,000,000	27.85%
2025-06-30	192,369,921	695,000,000	27.68%
2025-03-31	190,675,372	676,000,000	28.21%
2024-12-31	172,324,192	624,000,000	27.62%
2024-09-30	152,878,624	635,000,000	24.08%
2024-06-30	151,140,771	616,000,000	24.54%
2024-03-31	146,584,267	591,000,000	24.80%
2023-12-31	143,313,524	554,000,000	25.87%
2023-09-30	141,991,351	562,000,000	25.27%
2023-06-30	141,958,186	547,000,000	25.95%
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ARES CAPITAL CORP (ARCC) — SEC Financial Statements & Analysis

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