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UPDATED: Nov 9, 2025

Stock Analysis

ARCC Logo
Ares Capital
NASDAQ:ARCC
$20.20
$0.20 |1.00%
Day Range:
$19.85 - $20.20
Market Cap:
14.46B
P/E Ratio:
10.0503
Avg Value:
$21.05
Year Range:
$18.26 - $23.84
1
General Information
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 primarily 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.

2
Ares Capital (ARCC) Stock Graph
3
How We Grade Ares Capital (ARCC)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Ares Capital (ARCC) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

67.97

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

10.88

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Ares Capital compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
BENFranklin Resources
49.79
44.41
11.12
58.78
IVZInvesco
32.45
84.52
61.61
85.57
SEICSEI Investments
54.05
54.04
59.7
40.47
CGCarlyle Group
0
55.46
78.39
65.82
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 5 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $21.00 - $23.00 with an average of $21.92

8.50%
Expected movement for Ares Capital (ARCC) over the next 12 months
Based on these rankings

Recent Ratings for Ares Capital (ARCC)

Keefe, Bruyette & Woods
Date:
Oct 29, 2025
Action:
Maintains
Prev. Target:
$23.00
New Target:
$22.00
RBC Capital
Date:
Oct 29, 2025
Action:
Maintains
Prev. Target:
$24.00
New Target:
$23.00
Wells Fargo
Date:
Oct 29, 2025
Action:
Maintains
Prev. Target:
$23.00
New Target:
$21.00
UBS
Date:
Oct 14, 2025
Action:
Maintains
Prev. Target:
$22.50
New Target:
$21.00
JP Morgan
Date:
Oct 1, 2025
Action:
Maintains
Prev. Target:
$23.00
New Target:
$22.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, ARCC's earnings have fluctuated but has decreased since, this is a negative sign for the stock.
8
Past Performance
How has Ares Capital (ARCC) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Ares Capital (ARCC) sharpe ratio over the past 5 years is 0.6384 which is considered to be below average compared to the peer average of 0.7997

9
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is ARCC's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
1.74
0.79
1.64
1.71
1.53
Operating Revenue
1.74
0.79
1.64
1.71
1.53
Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Gross Profit
0.00
0.00
0.00
0.00
0.00
Operating Expense
0.14
0.14
0.09
0.11
0.11
Selling General And Administration
0.04
0.04
0.04
0.04
0.05
Research and Development
0.00
0.00
0.00
0.00
0.00
Operating Income
0.00
0.00
0.00
0.00
0.00
Net Non-Operating Interest Income Expense
0.00
0.00
0.00
0.00
0.00
Other Income Expense
0.00
0.00
0.00
0.00
0.00
Other Non-Operating Income Expenses
0.00
0.00
0.00
0.00
0.00
Pre-Tax Income
1.60
0.66
1.54
1.60
1.43
Tax Provision
0.03
0.05
0.02
0.07
0.06
Net Income
1.57
0.60
1.52
1.52
1.36
Net Income Common Stockholders
1.57
0.60
1.52
1.52
1.36
Total Operating Income As Reported
0.00
0.00
0.00
0.00
0.00
Total Expenses
0.00
0.00
0.00
0.00
0.00
Net Income From Continuing And Discontinued Operation
1.57
0.60
1.52
1.52
1.36
Normalized Income
1.57
0.60
1.52
1.52
1.36
Interest Income
1.25
1.47
1.96
2.16
2.16
Interest Expense
0.31
0.40
0.53
0.66
0.71
Net Interest Income
0.94
1.07
1.43
1.50
1.45
EBIT
0.00
0.00
0.00
0.00
0.00
EBITDA
0.00
0.00
0.00
0.00
0.00
Reconciled Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Reconciled Depreciation
0.00
0.00
0.00
0.00
0.00
Normalized EBITDA
0.00
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.06
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
20.84
22.40
23.80
28.25
30.81
Current Assets
0.00
0.00
0.00
0.00
0.00
Total Non-Current Assets
0.00
0.00
0.00
0.00
0.00
Total Liabilities Net Minority Interest
11.97
12.84
12.60
14.90
16.48
Current Liabilities
0.00
0.00
0.00
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
0.00
0.00
0.00
Total Equity Gross Minority Interest
8.87
9.55
11.20
13.36
14.32
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
19.96
21.84
23.12
27.11
29.93
Common Stock Equity
8.87
9.55
11.20
13.36
14.32
Net Tangible Assets
8.87
9.55
11.20
13.36
14.32
Working Capital
0.00
0.00
0.00
0.00
0.00
Invested Capital
19.96
21.84
23.12
27.11
29.93
Tangible Book Value
8.87
9.55
11.20
13.36
14.32
Total Debt
11.14
12.32
11.94
13.76
15.61
Net Debt
10.72
11.99
11.38
13.12
14.57
Share Issued
0.47
0.52
0.58
0.67
0.72
Ordinary Shares Number
0.47
0.52
0.58
0.67
0.72
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
Net Income from Continuing Operations
1.57
0.60
1.52
1.52
1.36
Depreciation and Amortization
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
-0.11
-0.08
-0.16
-0.18
-0.20
Change in Working Capital
0.21
-0.15
0.03
0.19
0.07
Change in Receivables
0.01
-0.03
-0.06
-0.04
0.01
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
0.19
-0.17
0.11
0.23
0.05
Change in Account Payable
Change in Other Current Assets
0.02
0.07
-0.01
0.01
Change in Other Current Liabilities
-0.02
-0.01
-0.01
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
Financing Cash Flow
2.62
1.21
-0.28
2.42
2.19
Cash Flow from Continuing Financing Activities
Net Issuance Payments of Debt
2.56
1.14
-0.39
2.26
2.07
Net Long-Term Debt Issuance
2.56
1.14
-0.39
2.26
2.07
Long-Term Debt Issuance
19.39
7.96
5.21
13.24
11.97
Long-Term Debt Payments
-16.83
-6.82
-5.60
-10.98
-9.90
Net Short-Term Debt Issuance
Net Common Stock Issuance
0.82
1.00
1.15
1.36
1.43
Common Stock Issuance
0.82
1.00
1.15
1.36
1.43
Common Stock Payments
Cash Dividends Paid
-0.69
-0.91
-1.03
-1.14
-1.25
Net Other Financing Charges
End Cash Position
2.49
1.67
2.00
2.74
3.52
Changes in Cash
0.16
-0.15
0.23
0.30
0.63
Beginning Cash Position
2.33
1.82
1.77
2.45
2.89
Capital Expenditure
Issuance of Capital Stock
0.82
1.00
1.15
1.36
1.43
Issuance of Debt
19.39
7.96
5.21
13.24
11.97
Repayment of Debt
-16.83
-6.82
-5.60
-10.98
-9.90
Repurchase of Capital Stock
Free Cash Flow
-2.46
-1.36
0.51
-2.13
-1.56