Ares Capital Corporation

NasdaqGS ARCC

Ares Capital Corporation Net Income for the Trailing 12 Months (TTM) ending September 30, 2024: USD 1.58 B

Ares Capital Corporation Net Income is USD 1.58 B for the Trailing 12 Months (TTM) ending September 30, 2024, a 22.99% change year over year. Net income is the total profit earned by a company after deducting all expenses, including taxes and non-controlling interest.
  • Ares Capital Corporation Net Income for the Trailing 12 Months (TTM) ending September 30, 2023 was USD 1.28 B, a 58.79% change year over year.
  • Ares Capital Corporation Net Income for the Trailing 12 Months (TTM) ending September 30, 2022 was USD 808.00 M, a -48.30% change year over year.
  • Ares Capital Corporation Net Income for the Trailing 12 Months (TTM) ending September 30, 2021 was USD 1.56 B, a 404.19% change year over year.
  • Ares Capital Corporation Net Income for the Trailing 12 Months (TTM) ending September 30, 2020 was USD 310.00 M, a -58.22% change year over year.
Key data
Date Net Income EPS (Diluted) Shares (Diluted, Weighted) Net Income Margin
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NasdaqGS: ARCC

Ares Capital Corporation

CEO Mr. Robert Kipp DeVeer III
IPO Date Oct. 5, 2004
Location United States
Headquarters 2000 Avenue of the Stars
Employees 1,200
Sector Finance
Industries
Description

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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StockViz Staff

January 15, 2025

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