Company / SG&A Expense
Ares Management SG&A Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$996.1M
FY2025
5-year range
$444.2M / $996.1M
FY2021-FY2025
Trend
+35.2%
vs FY2024
Sector context
#27 of 131
Financials
What the data says
Ares Management's sg&a expense of $996M is higher than 79% of companies in the Financials sector (FY2025). Increased from $660M to $996M over the past 2 years.
Based on SEC 10-K filings.
$996M in FY2025 with a 5-year CAGR of +30.9%. Top quartile in the Financials sector.
Increased from $660M to $996M over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +12.7%
- 5-Year CAGR
- +30.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 21% in FinancialsTop 79% of 131This company $996.1M Sector average $902.0M
▼
+10.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +30.9%, indicating consistent growth.
- In FY2025, sg&a expense increased 35.2% year-over-year.
- Ranks #27 out of 131 companies in the Financials sector.
- Lowest sg&a expense in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.20 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $996.1M | +35.2% |
| FY2024 | $736.5M | +11.6% |
| FY2023 | $660.1M | -5.0% |
| FY2022 | $695.3M | +56.5% |
| FY2021 | $444.2M | +71.5% |
| FY2020 | $259.0M | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026