Ares Capital/$ARCC
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Capital at risk
About Ares Capital
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 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.
- Ticker
- $ARCC
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- -
- Headquarters
- Los Angeles, United States
- Website
- arcc.ares.com
Ares Capital Metrics
BasicAdvanced
$14B
14.48
$1.34
0.62
$1.92
9.88%
Price and volume
Market cap
$14B
Beta
0.62
52-week high
$21.46
52-week low
$17.40
Average daily volume
4.2M
Dividend rate
$1.92
Financial strength
Current ratio
0.613
Quick ratio
0.463
Long term debt to equity
1.067
Total debt to equity
1.141
Dividend payout ratio (TTM)
138.44%
Interest coverage (TTM)
2.89%
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
30.91%
Operating margin (TTM)
75.76%
Effective tax rate (TTM)
9.77%
Management effectiveness
Return on assets (TTM)
4.94%
Return on equity (TTM)
6.88%
Valuation
Price to earnings (TTM)
14.479
Price to revenue (TTM)
4.475
Price to book
1
Price to tangible book (TTM)
1
Price to free cash flow (TTM)
-20.441
Free cash flow yield (TTM)
-4.89%
Free cash flow per share (TTM)
-0.951
Dividend yield (TTM)
9.88%
Forward dividend yield
9.88%
Growth
Revenue change (TTM)
3.15%
Earnings per share change (TTM)
-33.96%
3-year revenue growth (CAGR)
8.54%
10-year revenue growth (CAGR)
11.83%
3-year earnings per share growth (CAGR)
-6.80%
10-year earnings per share growth (CAGR)
0.06%
3-year dividend per share growth (CAGR)
0.88%
10-year dividend per share growth (CAGR)
2.36%
What the Analysts think about Ares Capital
Analyst ratings (Buy, Hold, Sell) for Ares Capital stock.
Analyst projections of the future price of Ares Capital stock.
Bulls say / Bears say
Underlying income still covered the payout in Q2: net investment income was $0.50 per share against a $0.48 dividend. ARCC also maintained its third-quarter dividend, extending a 17-year record of stable or rising regular quarterly dividends. (Ares Capital Corporation, The Drift)
ARCC’s scale is helping it stay selective as lending conditions become more attractive. In Q2, 68% of new commitments were first-lien senior secured loans, while management reported wider spreads, lower leverage and better fees in larger middle-market deals. (Ares Capital Corporation, TradingView News)
The balance sheet provides room to withstand volatility and fund new loans. ARCC ended Q2 with about $6.0 billion of available liquidity, modest net leverage of 1.12 times debt to equity, no meaningful near-term maturities and a new commercial-paper programme intended to lower funding costs. (Ares Capital Corporation, Ares Capital Corporation)
Credit quality has started to weaken: non-accrual loans rose to 2.4% of investments at amortised cost in Q2, from 1.8% at the end of 2025. Management also expects industry non-accruals to revert towards historical norms, which could increase losses and pressure income. (Ares Capital Corporation, The Motley Fool)
Dividend cover is becoming less comfortable. Q2 core earnings were $0.47 per share against a $0.48 dividend, while first-half core earnings were below dividends paid, leaving ARCC more reliant on realised gains and its spillover reserve. (The Motley Fool, The Drift)
Portfolio growth is losing momentum in a subdued transaction market. Q2 commitments of about $2.6 billion were below exits of about $2.9 billion, and net asset value fell to $19.35 per share, so weaker deployment could limit future income while credit marks continue to weigh on capital. (Seeking Alpha, Ares Capital Corporation)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
Ares Capital Financial Performance
Revenues and expenses
Ares Capital Earnings Performance
Company profitability
Upcoming events
Ares Capital News
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Funds containing Ares Capital
AllEURGBP
Fund name | Fund size | $ARCC weighting |
|---|---|---|
iShares USD Corporate Bond€LQDA | €2.9B | 0.03% |
iShares USD Corporate Bond£LQDS | £2.5B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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