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ARCC Ares Capital Corp

Price (delayed)

$21.63

Market cap

$14.92B

P/E Ratio

10.6

Dividend/share

$1.92

EPS

$2.04

Enterprise value

$28.1B

Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital's ...

Highlights
The gross profit rose by 19% year-on-year and by 3.1% since the previous quarter
The equity has increased by 15% year-on-year and by 2.4% since the previous quarter
The P/E is 29% less than the 5-year quarterly average of 14.9 but 20% more than the last 4 quarters average of 8.8
Ares Capital's EPS has decreased by 32% YoY and by 16% from the previous quarter
The company's net income fell by 22% YoY and by 14% QoQ

Key stats

What are the main financial stats of ARCC
Market
Shares outstanding
689.63M
Market cap
$14.92B
Enterprise value
$28.1B
Valuations
Price to earnings (P/E)
10.6
Price to book (P/B)
1.06
Price to sales (P/S)
4.84
EV/EBIT
13.2
EV/EBITDA
13.2
EV/Sales
9.3
Earnings
Revenue
$3.02B
Gross profit
$2.3B
Operating income
$2.26B
Net income
$1.31B
EBIT
$2.13B
EBITDA
$2.13B
Free cash flow
-$2.41B
Per share
EPS
$2.04
EPS diluted
$2.04
Free cash flow per share
-$3.56
Book value per share
$20.36
Revenue per share
$4.47
TBVPS
$41.89
Balance sheet
Total assets
$28.32B
Total liabilities
$14.65B
Debt
$13.92B
Equity
$13.67B
Working capital
N/A
Liquidity
Debt to equity
1.02
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
6.19
Margins
EBITDA margin
70.5%
Gross margin
76.2%
Net margin
43.5%
Operating margin
74.7%
Efficiency
Return on assets
4.8%
Return on equity
10.1%
Return on invested capital
5.3%
Return on capital employed
N/A
Return on sales
70.5%
Dividend
Dividend yield
8.88%
DPS
$1.92
Payout ratio
94.1%

ARCC stock price

How has the Ares Capital stock price performed over time
Intraday
-0.69%
1 week
4.07%
1 month
8.04%
1 year
1.79%
YTD
-1.19%
QTD
-2.39%

Financial performance

How have Ares Capital's revenue and profit performed over time
Revenue
$3.02B
Gross profit
$2.3B
Operating income
$2.26B
Net income
$1.31B
Gross margin
76.2%
Net margin
43.5%
The company's net margin fell by 31% YoY and by 15% QoQ
The company's net income fell by 22% YoY and by 14% QoQ
The company's operating income rose by 19% YoY and by 3.1% QoQ
The gross profit rose by 19% year-on-year and by 3.1% since the previous quarter

Price vs fundamentals

How does ARCC's price correlate with its fundamentals

Growth

What is Ares Capital's growth rate over time

Valuation

What is Ares Capital stock price valuation
P/E
10.6
P/B
1.06
P/S
4.84
EV/EBIT
13.2
EV/EBITDA
13.2
EV/Sales
9.3
Ares Capital's EPS has decreased by 32% YoY and by 16% from the previous quarter
The P/E is 29% less than the 5-year quarterly average of 14.9 but 20% more than the last 4 quarters average of 8.8
The equity has increased by 15% year-on-year and by 2.4% since the previous quarter
ARCC's P/B is 6% higher than its 5-year quarterly average of 1.0 but 3.6% lower than its last 4 quarters average of 1.1
ARCC's revenue is up by 12% year-on-year
The price to sales (P/S) is 5% higher than the 5-year quarterly average of 4.6 and 3% higher than the last 4 quarters average of 4.7

Efficiency

How efficient is Ares Capital business performance
The company's return on equity fell by 34% YoY and by 17% QoQ
The ROA has decreased by 34% YoY and by 17% QoQ
ARCC's ROIC is down by 21% year-on-year and by 12% since the previous quarter
Ares Capital's ROS has decreased by 18% YoY and by 9% from the previous quarter

Dividends

What is ARCC's dividend history
DPS
$1.92
Dividend yield
8.88%
Payout ratio
94.1%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Ares Capital financials performed over time
ARCC's total assets is 93% greater than its total liabilities
The total liabilities has grown by 18% YoY
ARCC's total assets is up by 17% year-on-year
The company's debt rose by 19% YoY
The equity has increased by 15% year-on-year and by 2.4% since the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.