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ARES vs. CG: Ares Management vs. Carlyle Stock Comparison

How do Ares Management (ARES) and Carlyle (CG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ares Management (ARES) and Carlyle (CG) are both classified in the Asset Management & Custody Banks sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for Ares Management (ARES) and Carlyle (CG)
Profile ItemARESCG
NameAres Management Corp. Class A Common StockThe Carlyle Group Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryAsset Management & Custody BanksAsset Management & Custody Banks
Market Capitalization44.45 billion USD14.04 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMay 2, 2014May 3, 2012
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ARES
CG
GSPC
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Ares Management (ARES) vs. Carlyle (CG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ares Management (ARES) and Carlyle (CG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ares Management (ARES) and Carlyle (CG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Total Return (1Y)-5.55%-17.79%
Total Return (3Y, Annualized)13.18%15.29%
Total Return (5Y, Annualized)13.38%-3.77%

Risk Profile

Drawdown History

ARES
CG
GSPC
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Ares Management (ARES) vs. Carlyle (CG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ares Management (ARES) and Carlyle (CG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Volatility (1Y, Annualized)44.09%37.89%
Beta (5Y)1.451.82
Max Drawdown (5Y)-49.97%-56.75%
Avg. Volume (3M)2.20M3.48M

Risk-Adjusted Performance

Risk-Return Positioning

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ARES and CG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Sharpe Ratio (1Y)-0.22-0.58
Sortino Ratio (1Y)-0.31-0.81

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Carlyle (CG) earns 5.23% on shareholders’ equity, ranked against its industry; Ares Management (ARES) has no ROE this period.

ARES

Financial Services industry group

--

Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
ARES
--

CG

Financial Services industry group

5.23%

Max
44.78%
Q3
21.85%
Median
12.91%
CG
5.23%
Q1
4.48%
Min
-18.71%
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Ares Management (ARES) vs. Carlyle (CG): ARES does not report ROE, so it has no value marker; CG is benchmarked against the Financial Services industry group.

Net Margin (TTM)

Both Ares Management (ARES) at 8.69% and Carlyle (CG) at 12.81% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ARES

Financial Services industry group

8.69%

Max
62.84%
Q3
28.05%
Median
15.36%
ARES
8.69%
Q1
4.82%
Min
-28.52%

CG

Financial Services industry group

12.81%

Max
62.84%
Q3
28.05%
Median
15.36%
CG
12.81%
Q1
4.82%
Min
-28.52%
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Carlyle (CG) reports a negative operating margin of -52.93%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Ares Management (ARES) reports 2.89%, ranking against industry peers normally.

ARES

Financial Services industry group

2.89%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
ARES
2.89%
Min
-44.34%

CG

Financial Services industry group

-52.93%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
Min
-44.34%
CG
-52.93%
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
ROE (TTM)--5.23%
ROA (TTM)--1.27%
Net Margin (TTM)8.69%12.81%
Operating Margin (TTM)2.89%-52.93%
Gross Margin (TTM)----

Growth

Revenue Growth

Ares Management (ARES) at 44.19% sits in the top revenue growth quartile, while Carlyle (CG) at -5.56% is in the bottom quartile, showing a clear gap in revenue momentum.

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Ares Management (ARES) vs. Carlyle (CG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ares Management (ARES) at -16.67% and Carlyle (CG) at -21.30% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Ares Management (ARES) vs. Carlyle (CG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Revenue Growth (YoY)44.19%-5.56%
Revenue Growth (3Y CAGR)22.39%-1.43%
EPS Growth (YoY)-16.67%-21.30%
EPS Growth (3Y CAGR)25.02%-13.34%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Ares Management (ARES) in Financial Services and Carlyle (CG) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Ares Management (ARES) in Financial Services and Carlyle (CG) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Ares Management (ARES) at 3.87% and Carlyle (CG) at 3.50% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ARES

Financial Services industry group

3.87%

Max
9.77%
Q3
3.92%
ARES
3.87%
Median
1.09%
Q1
0.00%
Min
0.00%

CG

Financial Services industry group

3.50%

Max
9.77%
Q3
3.92%
CG
3.50%
Median
1.09%
Q1
0.00%
Min
0.00%
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ares Management (ARES) at 423.77% and Carlyle (CG) at 147.37% report payout ratio above 100%, meaning dividends exceeded current-period earnings on both sides.

ARES

Financial Services industry group

423.77%

ARES
423.77%
Max
241.07%
Q3
97.36%
Median
25.77%
Q1
0.00%
Min
0.00%

CG

Financial Services industry group

147.37%

Max
241.07%
CG
147.37%
Q3
97.36%
Median
25.77%
Q1
0.00%
Min
0.00%
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
Dividend Yield (TTM)3.87%3.50%
Dividend Payout Ratio (TTM)423.77%147.37%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Carlyle (CG) at 40.93 sits in the richer P/E ratio quartile, and Ares Management (ARES) at 109.82 is richer still, above its industry range.

ARES

Financial Services industry group

109.82

ARES
109.82
Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16

CG

Financial Services industry group

40.93

Max
45.85
CG
40.93
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both Ares Management (ARES) at 8.92 and Carlyle (CG) at 5.06 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

ARES

Financial Services industry group

8.92

Max
9.23
ARES
8.92
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55

CG

Financial Services industry group

5.06

Max
9.23
CG
5.06
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Carlyle (CG) at 2.81 sits near its industry’s typical P/B ratio, while Ares Management (ARES) at 12.15 prices above its benchmark range — ARES looks rich relative to book.

ARES

Financial Services industry group

12.15

ARES
12.15
Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39

CG

Financial Services industry group

2.81

Max
7.79
Q3
3.63
CG
2.81
Median
1.57
Q1
0.81
Min
-0.39
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Ares Management (ARES) vs. Carlyle (CG): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Ares Management (ARES) and Carlyle (CG)
MetricARESCG
P/E Ratio (TTM)109.8240.93
P/S Ratio (TTM)8.925.06
P/B Ratio (MRQ)12.152.81
Free Cash Flow Yield (TTM)----