Financials Ares Capital Corporation

Equities

Market Closed - Nasdaq Other stock markets 04:00:00 2025-06-13 pm EDT			5-day change	1st Jan Change
21.53 ^USD	-3.37%		-2.97%	-1.64%

Jun. 06	Ares Capital Corp - Increases Revolving Credit Facility To $5.393 Billion	RE
Jun. 03	Ares Capital Corp Enters Third Supplemental Indenture With U.S. Bank Trust	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,511	1,820	2,096	2,614	2,990	3,008	3,164	3,395
Change	-	20.45%	15.16%	24.71%	14.38%	0.6%	5.2%	7.28%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Interest Paid ¹	-317	-372	-455	-582	-715	-758.1	-809.7	-851.6
Earnings before Tax (EBT) ¹	813	-	-	1,286	1,609	1,394	1,429	-
Change	-	-	-	-	25.12%	-13.38%	2.5%	-
Net income ¹	484	1,567	600	1,522	1,522	1,298	1,443	1,492
Change	-	223.76%	-61.71%	153.67%	0%	-14.69%	11.13%	3.37%
Announcement Date	2/10/21	2/9/22	2/7/23	2/7/24	2/5/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	350	352	440	390	459	442	529	440	479	537	640	618	634	655	707	701	755	775	759	732	748.8	757.5	768.4	775.4	790.9	805.4	824.1	829.2
Change	-	0.57%	25%	-11.36%	17.69%	-3.7%	19.68%	-16.82%	8.86%	12.11%	19.18%	-3.44%	2.59%	3.31%	7.94%	-0.85%	7.7%	2.65%	-2.06%	-3.56%	2.29%	1.17%	1.44%	0.92%	1.99%	1.84%	2.32%	0.62%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-76	-77	-82	-86	-87	-94	-105	-93	-101	-120	-141	-135	-141	-145	-157	-159	-174	-195	-187	-186	-190.5	-190.9	-194	-200.1	-204.3	-210.3	-219.4	-202.2
Earnings before Tax (EBT) ¹	170	170	236	149	182	189	250	211	267	302	367	320	320	292	354	332	399	373	370	372	352.4	354.2	359.5	352	356.8	362.1	371.8	-
Change	-	0%	38.82%	-36.86%	22.15%	3.85%	32.28%	-15.6%	26.54%	13.11%	21.52%	-12.81%	0%	-8.75%	21.23%	-6.21%	20.18%	-6.52%	-0.8%	0.54%	-5.26%	0.5%	1.51%	-2.09%	1.36%	1.49%	2.69%	-
Net income ¹	277	441	378	373	478	334	382	211	111	104	174	278	331	500	413	449	322	394	357	241	352.6	352.1	356.4	352.7	358.8	363.5	370.6	368.3
Change	-	59.21%	-14.29%	-1.32%	28.15%	-30.13%	14.37%	-44.76%	-47.39%	-6.31%	67.31%	59.77%	19.06%	51.06%	-17.4%	8.72%	-28.29%	22.36%	-9.39%	-32.49%	46.31%	-0.13%	1.2%	-1.04%	1.73%	1.32%	1.95%	-0.63%
Announcement Date	8/4/20	10/27/20	2/10/21	4/28/21	7/28/21	10/26/21	2/9/22	4/26/22	7/26/22	10/25/22	2/7/23	4/25/23	7/25/23	10/24/23	2/7/24	5/1/24	7/30/24	10/30/24	2/5/25	4/29/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	8,165	10,608	11,952	11,354	12,899	14,221	15,427	-
Change	-	29.92%	12.67%	-5%	13.61%	10.25%	8.48%	-
Announcement Date	2/10/21	2/9/22	2/7/23	2/7/24	2/5/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	464.8	395.6	846.9	601.6	874.8	838.1
Change	-	-14.89%	114.1%	-28.96%	45.4%	-4.19%
Announcement Date	2/12/20	2/10/21	2/9/22	2/7/23	2/7/24	2/5/25

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	-	-	-	-	-	-	-
EBT Margin (%)	53.81%	-	-	49.2%	53.81%	46.33%	45.15%	-
Net margin (%)	32.03%	86.1%	28.63%	58.22%	50.9%	43.17%	45.61%	43.94%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	5.11%	4%	5.05%	5.9%	5.59%	4.93%	4.97%	-
ROE	10.84%	9.24%	11.85%	13.13%	11.84%	10.07%	10.05%	9.76%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-5.514	-2.624	0.8887	-	1.27	1.67	-
Change	-	-	52.41%	133.87%	-	-	31.5%	-
Dividend per Share ¹	1.6	1.62	1.87	1.92	1.92	1.92	1.92	1.92
Change	-	1.25%	15.43%	2.67%	0%	0%	0%	0%
Book Value Per Share ¹	16.97	18.96	18.4	19.24	19.89	19.93	20.09	20.02
Change	-	11.73%	-2.95%	4.57%	3.38%	0.2%	0.82%	-0.37%
EPS ¹	1.14	3.51	1.19	2.68	2.44	1.869	1.994	1.971
Change	-	207.89%	-66.1%	125.21%	-8.96%	-23.39%	6.68%	-1.15%
Nbr of stocks (in thousands)	422,622	460,754	517,459	569,437	646,076	694,182	694,182	694,182
Announcement Date	2/10/21	2/9/22	2/7/23	2/7/24	2/5/25	-	-	-