ARES CAPITAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | $793.0M | $715.0M | $582.0M | $455.0M | $372.0M |
| Net income | $1.3B | $1.5B | $1.5B | $600.0M | $1.6B |
| Balance Sheet | |||||
| Cash and equivalents | $638.0M | $635.0M | $535.0M | $303.0M | $372.0M |
| Total assets | $31.2B | $28.3B | $23.8B | $22.4B | $20.8B |
| Total liabilities | $16.9B | $14.9B | $12.6B | $12.8B | $12.0B |
| Total debt | $16.0B | $13.8B | $11.9B | $12.2B | $11.1B |
| Stockholders' equity | $14.3B | $13.4B | $11.2B | $9.6B | $8.9B |
| Cash Flow Statement | |||||
| Cash from operations | -$1.7B | -$2.1B | $511.0M | -$1.4B | -$2.5B |
| Dividends paid | $1.3B | $1.1B | $1.0B | $912.0M | $694.0M |
| Share repurchases | — | — | — | $0 | $0 |
Shares outstanding 718.0M · Free float 99.4%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.