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Ares Capital Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ares Capital and similar public comparables like DWS Asset Management, Omega Healthcare Investors, Franklin Resources, Meritz Financial Gr and more.
Ares Capital Overview
About Ares Capital
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien senior secured loans. In addition to senior secured loans, the company also invests in subordinated loans and preferred equity, it also makes common equity investments.
Founded
2004
HQ
Employees
0
Website
Sectors
Financials (LTM)
EV
$30B
Ares Capital Financials
Ares Capital reported last 12-month revenue of $3B and EBITDA of $4B.
In the same LTM period, Ares Capital generated $4B in EBITDA and $1B in net income.
Revenue (LTM)
Ares Capital P&L
In the most recent fiscal year, Ares Capital reported revenue of $3B and EBITDA of $4B.
Ares Capital expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 118% | XXX | 119% | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 51% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 43% | XXX | 43% | XXX | XXX | XXX |
| Net Debt | — | — | $15B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ares Capital Stock Performance
Ares Capital has current market cap of $14B, and enterprise value of $30B.
Market Cap Evolution
Ares Capital's stock price is $19.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $30B | $14B | 0.0% | XXX | XXX | XXX | $1.81 |
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Start Free TrialAres Capital Valuation Multiples
Ares Capital trades at 9.6x EV/Revenue multiple, and 8.2x EV/EBITDA.
EV / Revenue (LTM)
Ares Capital Financial Valuation Multiples
As of April 20, 2026, Ares Capital has market cap of $14B and EV of $30B.
Equity research analysts estimate Ares Capital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ares Capital has a P/E ratio of 10.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $30B | XXX | $30B | XXX | XXX | XXX |
| EV/Revenue | 9.6x | XXX | 9.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.2x | XXX | XXX | XXX |
| EV/EBIT | 19.5x | XXX | 19.2x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | 10.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (17.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ares Capital Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ares Capital Margins & Growth Rates
Ares Capital's revenue in the last 12 month grew by 4%.
Ares Capital's rule of 40 is 231% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ares Capital's rule of X is 408% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ares Capital Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 118% | XXX | 119% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 231% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 408% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ares Capital Public Comps
See public comps and valuation multiples for other Asset Management and PE & VC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ares Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| DWS Asset Management | XXX | XXX | XXX | XXX | XXX | XXX |
| Omega Healthcare Investors | XXX | XXX | XXX | XXX | XXX | XXX |
| Franklin Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Meritz Financial Gr | XXX | XXX | XXX | XXX | XXX | XXX |
| Transinc FII | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ares Capital M&A Activity
Ares Capital acquired XXX companies to date.
Last acquisition by Ares Capital was on XXXXXXXX, XXXXX. Ares Capital acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ares Capital
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAres Capital Investment Activity
Ares Capital invested in XXX companies to date.
Ares Capital made its latest investment on XXXXXXXX, XXXXX. Ares Capital invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ares Capital
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ares Capital
| When was Ares Capital founded? | Ares Capital was founded in 2004. |
| Where is Ares Capital headquartered? | Ares Capital is headquartered in United States. |
| How many employees does Ares Capital have? | As of today, Ares Capital has over 0 employees. |
| Who is the CEO of Ares Capital? | Ares Capital's CEO is Kort Schnabel. |
| Is Ares Capital publicly listed? | Yes, Ares Capital is a public company listed on Nasdaq. |
| What is the stock symbol of Ares Capital? | Ares Capital trades under ARCC ticker. |
| When did Ares Capital go public? | Ares Capital went public in 2004. |
| Who are competitors of Ares Capital? | Ares Capital main competitors are DWS Asset Management, Omega Healthcare Investors, Franklin Resources, Meritz Financial Gr. |
| What is the current market cap of Ares Capital? | Ares Capital's current market cap is $14B. |
| What is the current revenue of Ares Capital? | Ares Capital's last 12 months revenue is $3B. |
| What is the current revenue growth of Ares Capital? | Ares Capital revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Ares Capital? | Current revenue multiple of Ares Capital is 9.6x. |
| Is Ares Capital profitable? | Yes, Ares Capital is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ares Capital? | Ares Capital's last 12 months EBITDA is $4B. |
| What is Ares Capital's EBITDA margin? | Ares Capital's last 12 months EBITDA margin is 118%. |
| What is the current EV/EBITDA multiple of Ares Capital? | Current EBITDA multiple of Ares Capital is 8.2x. |
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