Ares Capital Corp
Research Ares Capital Corp (ARCC) on Bullrun: valuation model: 6.7% overvalued, market cap USD 13.33B, P/E 13.8, dividend yield 10.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerARCC
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal6.7% overvalued
- Market capUSD 13.33B
- P/E13.8
- Dividend yield10.3%
- Financial periodQ2 2026
- RevenueUSD 219.00M
- Net incomeUSD 171.00M
- Free cash flowUSD 336.00M
Valuation Snapshot
Bullrun's latest valuation model marks Ares Capital Corp as 6.7% overvalued; latest market cap is USD 13.33B; P/E is 13.8; dividend yield is 10.3%.
Peer valuation comparison
Latest P/E is 13.8x versus a Financial Services sector median of 13.39x (3.0% above).
Latest dividend yield is 10.31% versus a Financial Services sector median of 3.66% (182.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.51B | USD 1.30B | -USD 1.72B | n/a | 1.86 | USD 638.00M | USD 15.99B | USD 14.32B |
| FY2024 | USD 1.71B | USD 1.52B | -USD 2.13B | n/a | 2.44 | USD 635.00M | USD 13.73B | USD 13.36B |
| FY2023 | USD 1.65B | USD 1.52B | USD 511.00M | n/a | 2.68 | USD 535.00M | USD 11.88B | USD 11.20B |
| FY2022 | USD 741.00M | USD 600.00M | -USD 1.36B | n/a | 1.19 | USD 303.00M | USD 12.21B | USD 9.56B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 13.33B | 13.8 | 10.3% | 1.92 |
| 2025 | 2025-12-31 | USD 14.53B | 10.9 | 9.5% | 1.92 |
| 2024 | 2024-12-31 | USD 14.71B | 8.9 | 8.8% | 1.92 |
| 2023 | 2023-12-29 | USD 11.41B | 8.8 | 9.6% | 1.92 |
| 2022 | 2022-12-30 | USD 9.56B | 11.1 | 10.1% | 1.87 |
| 2021 | 2021-12-31 | USD 9.92B | 6.0 | 7.6% | 1.62 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.92 USD, yield 10.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.92 USD |
| FY2024 | 1.92 USD |
| FY2023 | 1.92 USD |
| FY2022 | 1.87 USD |
About Ares Capital Corp
Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing.
ETFs that hold Ares Capital Corp
Ares Capital Corp is one of the ten largest holdings of 3 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Listed Private Equity UCITS ETF USD (Dist) | 4.13% | 0.75% |
| iShares Listed Private Equity UCITS ETF USD (Acc) | 4.13% | 0.75% |
| iShares Listed Private Equity UCITS ETF GBP Hedged (Acc) | 4.13% | 0.80% |
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Frequently asked questions
Is Ares Capital Corp overvalued or undervalued?
Bullrun's valuation model currently marks Ares Capital Corp as 6.7% overvalued.
What is Ares Capital Corp's market cap?
Ares Capital Corp's market capitalization is USD 13.33B.
What is Ares Capital Corp's P/E ratio?
Ares Capital Corp's price-to-earnings (P/E) ratio is 13.8.
Does Ares Capital Corp pay a dividend?
Ares Capital Corp has a dividend yield of 10.3%.
What does Ares Capital Corp do?
Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing.