ARCC Ares Capital Corporation - Closed End Fund

NASDAQ · Financial Services · View on SEC EDGAR ↗
$19.91
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026

ARCC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$19.91
Market Cap
P/E (TTM)
10.9
EPS (TTM)
$1.86
Revenue (TTM)
Div Yield
ROE
Debt/Equity
52W Range
$17 – $23

ARCC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income
EPS $1.86
6-point trend, +63.2%
2020-12-31 2025-12-31
Free Cash Flow
Margins

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ARCC
Peer Median
P/E (TTM)
5-point trend, +80.2%
10.9
15.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ARCC
Peer Median

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ARCC
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ARCC
Peer Median
EPS YoY
5-point trend, -47.0%
-23.8%
Net Income YoY
5-point trend, -17.1%
-14.6%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ARCC
Peer Median
EPS (Diluted)
5-point trend, -47.0%
$1.86

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ARCC
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
June 15, 2026$0.4800
March 13, 2026$0.4800
Dec. 15, 2025$0.4800
Sept. 15, 2025$0.4800
June 13, 2025$0.4800
March 14, 2025$0.4800
Dec. 13, 2024$0.4800
Sept. 13, 2024$0.4800
June 14, 2024$0.4800
March 14, 2024$0.4800
Dec. 14, 2023$0.4800
Sept. 14, 2023$0.4800
June 14, 2023$0.4800
March 14, 2023$0.4800
Dec. 14, 2022$0.5100
Sept. 14, 2022$0.4600
June 14, 2022$0.4500
March 14, 2022$0.4500
Dec. 14, 2021$0.4100
Sept. 14, 2021$0.4100

ARCC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 20 analysts
  • Strong Buy 6 30.0%
  • Buy 10 50.0%
  • Hold 4 20.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

13 analysts · 2026-08-13
Median target $20.50 +3.0%
Mean target $20.62 +3.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.47 $0.48 -0.01%
March 31, 2026 $0.47 $0.49 -0.02%
Dec. 31, 2025 $0.50 $0.51 -0.01%
Sept. 30, 2025 $0.50 $0.51 -0.01%
June 30, 2025 $0.50 $0.52 -0.02%
March 31, 2025 $0.50 $0.55 -0.05%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ARCC 10.9
OWL 149.4 7.6% 13.9% 3.6%
CG
BEN $12.05B 25.4 3.5% 6.0% 4.3%
PS
IVZ $11.66B -16.4 5.1% -2.7% -1.3%
SEIC $10.03B 14.6 8.1% 31.1% 29.9% 35.2%
AMG 12.7 1.6% 34.5% 21.8%
GLXY 41.8% -0.40% -11.6%
VCTR $4.05B 15.5 46.2% 25.3% 13.5%
STEP -7.0 69.7% -26.9% 457.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 6
Annual Income Statement data for ARCC
Metric Trend 202520242023202220212020
Interest Expense 6-point trend, +150.2% $793M $715M $582M $455M $372M $317M
Net Income 6-point trend, +168.4% $1.30B $1.52B $1.52B $600M $1.57B $484M
EPS (Basic) 6-point trend, +63.2% $1.86 $2.44 $2.75 $1.21 $3.51 $1.14
EPS (Diluted) 6-point trend, +63.2% $1.86 $2.44 $2.68 $1.19 $3.51 $1.14
Shares (Basic) 6-point trend, +64.9% 699,000,000 624,000,000 554,000,000 498,000,000 446,000,000 424,000,000
Shares (Diluted) 6-point trend, +64.9% 699,000,000 624,000,000 575,000,000 518,000,000 446,000,000 424,000,000
Balance Sheet 10
Annual Balance Sheet data for ARCC
Metric Trend 202520242023202220212020
Cash & Equivalents 5-point trend, +71.5% $638M $635M $535M $303M $372M ·
Total Assets 5-point trend, +49.9% $31.23B $28.25B $23.80B $22.40B $20.84B ·
Deferred Tax 2-point trend, -69.6% $28M $92M · · · ·
Total Liabilities 5-point trend, +41.3% $16.92B $14.90B $12.60B $12.84B $11.97B ·
Long-term Debt 5-point trend, +45.1% $15.99B $13.73B $11.88B $12.21B $11.02B ·
Common Stock 5-point trend, +1000000.00 $1M $1M $1M $1M $0 ·
Retained Earnings 4-point trend, +48000.0% $958M $852M $462M $-2M · ·
Stockholders' Equity 6-point trend, +99.5% $14.32B $13.36B $11.20B $9.55B $8.87B $7.18B
Liabilities + Equity 5-point trend, +49.9% $31.23B $28.25B $23.80B $22.40B $20.84B ·
Shares Outstanding 6-point trend, +69.7% 718,000,000 672,000,000 582,000,000 519,000,000 468,000,000 423,000,000
Cash Flow 8
Annual Cash Flow data for ARCC
Metric Trend 202520242023202220212020
Operating Cash Flow 6-point trend, -196.0% $-1.72B $-2.13B $511M $-1.36B $-2.46B $-580M
Debt Issued 6-point trend, +51.8% $12.53B $13.24B $5.21B $7.95B $19.34B $8.26B
Stock Issued 6-point trend, +23100.0% $928M $1.36B $1.16B $1.00B $819M $4M
Stock Repurchased 3-point trend, -100.0% · · · $0 $0 $100M
Dividends Paid 6-point trend, +86.2% $1.26B $1.14B $1.03B $912M $694M $679M
Financing Cash Flow 6-point trend, +144.0% $1.78B $2.42B $-284M $1.21B $2.62B $730M
Net Change in Cash 6-point trend, -57.3% $64M $296M $227M $-149M $160M $150M
Taxes Paid 6-point trend, +918.8% $163M $66M $36M $39M $26M $16M
Per Share 3
Annual Per Share data for ARCC
Metric Trend 202520242023202220212020
Dividend / Share 6-point trend, +20.0% $2 $2 $2 $2 $2 $2
Dividend Paid / Share 6-point trend, +20.0% $2 $2 $2 $2 $2 $2
EPS (TTM) 6-point trend, +63.2% $1.86 $2.44 $2.68 $1.19 $3.51 $1.14
Growth Rates 7
Annual Growth Rates data for ARCC
Metric Trend 202520242023202220212020
EPS YoY 5-point trend, -111.4% -23.8% -9.0% 125.2% -66.1% 207.9% ·
EPS CAGR 3Y 3-point trend, -51.3% 16.1% -11.4% 33.0% · · ·
EPS CAGR 5Y 10.3% · · · · ·
Net Income YoY 5-point trend, -106.5% -14.6% 0.00% 153.7% -61.7% 223.8% ·
Net Income CAGR 3Y 3-point trend, -36.9% 29.4% -0.97% 46.5% · · ·
Net Income CAGR 5Y 21.8% · · · · ·
Dividend CAGR 5Y 13.2% · · · · ·
Valuation (TTM) 5
Annual Valuation (TTM) data for ARCC
Metric Trend 202520242023202220212020
Net Income TTM 6-point trend, +168.4% $1.30B $1.52B $1.52B $600M $1.57B $484M
P/E 6-point trend, -26.6% 10.9 9.0 7.5 15.5 6.0 14.8
P / Tangible Book 4-point trend, +1.1% 1.0 1.1 1.0 1.0 · ·
Earnings Yield 6-point trend, +36.1% 9.2% 11.2% 13.4% 6.4% 16.6% 6.8%
Annual Payout 6-point trend, +86.2% $1.26B $1.14B $1.03B $912M $694M $679M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $1.30B$1.52B$1.52B$600M$1.57B
Diluted EPS $1.86$2.44$2.68$1.19$3.51

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 865 filers · $3.2B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
77 (-27 vs prior Q) 87 (-9 vs prior Q) 282 (-27 vs prior Q) 260 (+10 vs prior Q) +3.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VAN ECK ASSOCIATES CORP $232,911,890 12,569,449 7.22% Shares
STRS OHIO $197,475,785 10,657,085 6.12% Shares
Generali Asset Management SPA SGR $139,864,347 7,547,995 4.33% Shares
Legal & General Group Plc $120,538,241 6,510,302 3.74% Shares
TWO SIGMA INVESTMENTS, LP $109,067,988 5,886,022 3.38% Shares
LPL Financial LLC $74,660,118 4,029,149 2.31% Shares
HighTower Advisors, LLC $71,713,518 3,870,130 2.22% Shares
Advisors Capital Management, LLC $63,140,304 3,407,463 1.96% Shares
CONFLUENCE INVESTMENT MANAGEMENT LLC $58,654,894 3,165,402 1.82% Shares
OMERS ADMINISTRATION Corp $53,866,932 2,907,012 1.67% Shares
ARES MANAGEMENT LLC $51,572,047 2,783,165 1.60% Shares
Sound Income Strategies, LLC $51,260,800 2,766,368 1.59% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $49,408,392 2,666,400 1.53% Call option
Allen Investment Management, LLC $45,242,571 2,441,585 1.40% Shares
Muzinich & Co., Inc. $41,698,683 2,250,333 1.29% Shares
Progeny 3, Inc. $41,224,210 2,224,728 1.28% Shares
Ensign Peak Advisors, Inc $37,817,766 2,040,894 1.17% Shares
Parallax Volatility Advisers, L.P. $33,633,803 1,815,100 1.04% Put option
Sumitomo Mitsui Trust Group, Inc. $31,798,332 1,716,046 0.99% Shares
Altshuler Shaham Ltd $30,574,500 1,650,000 0.95% Shares
OSAIC HOLDINGS, INC. $30,165,843 1,627,855 0.93% Shares
CAPITAL ADVISORS INC/OK $29,188,667 1,575,211 0.90% Shares
CITADEL ADVISORS LLC $27,305,808 1,473,600 0.85% Put option
Cetera Investment Advisers $26,023,000 1,404,371 0.81% Shares
NOMURA ASSET MANAGEMENT CO LTD $25,381,894 1,369,773 0.79% Shares
Michael & Susan Dell Foundation $25,168,502 1,358,256 0.78% Shares
TWO SIGMA ADVISERS, LP $24,638,117 1,217,900 0.76% Shares
SPINNAKER TRUST $24,497,264 1,322,033 0.76% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $24,368,803 1,315,100 0.76% Put option
RAYMOND JAMES FINANCIAL INC $24,299,982 1,311,386 0.75% Shares
UBS Group AG $24,162,323 1,303,957 0.75% Shares
BRUNI J V & CO /CO $23,464,224 1,266,283 0.73% Shares
MILLENNIUM MANAGEMENT LLC $23,108,763 1,247,100 0.72% Put option
ENVESTNET ASSET MANAGEMENT INC $22,053,620 1,190,158 0.68% Shares
STEPHENS INC /AR/ $21,989,106 1,186,676 0.68% Shares
JUPITER ASSET MANAGEMENT LTD $21,935,856 1,204,285 0.68% Shares
Baird Financial Group, Inc. $21,790,728 1,175,970 0.68% Shares
Apollon Wealth Management, LLC $20,696,446 1,116,916 0.64% Shares
BANK OF AMERICA CORP /DE/ $20,381,061 1,099,895 0.63% Shares
SAGE ADVISORS, LLC $19,330,743 955,548 0.60% Shares
GOLDMAN SACHS GROUP INC $18,958,895 1,023,146 0.59% Shares
AMERIPRISE FINANCIAL INC $18,553,903 1,001,290 0.58% Shares
Northeast Financial Consultants Inc $16,443,562 748,796 0.51% Shares
Corient Private Wealth LP $15,746,077 849,762 0.49% Shares
Focus Partners Wealth $15,080,279 813,829 0.47% Shares
SIGMA INVESTMENT COUNSELORS INC $14,548,482 807,352 0.45% Shares
Balyasny Asset Management L.P. $14,523,425 783,779 0.45% Shares
D. E. Shaw & Co., Inc. $13,567,462 732,189 0.42% Shares
Estate Planners Group, LLC $13,436,279 725,110 0.42% Shares
NEUBERGER BERMAN GROUP LLC $13,377,996 721,964 0.41% Shares
Naviter Wealth, LLC $13,205,690 712,665 0.41% Shares
BNP PARIBAS FINANCIAL MARKETS $12,932,532 697,924 0.40% Shares
Edgemoor Investment Advisors, Inc. $12,902,050 715,985 0.40% Shares
Congress Wealth Management LLC / DE / $12,721,937 579,322 0.39% Shares
Baltimore-Washington Financial Advisors, Inc. $12,322,102 664,980 0.38% Shares
COMMONWEALTH EQUITY SERVICES, LLC $12,059,209 650,794 0.37% Shares
D.A. DAVIDSON & CO. $11,775,488 635,482 0.36% Shares
Edge Capital Group, LLC $11,000,010 502,513 0.34% Shares
Walleye Trading LLC $10,986,437 592,900 0.34% Call option
Chicago Partners Investment Group LLC $10,633,490 571,386 0.33% Shares
JNB Advisors LLC $10,568,140 481,245 0.33% Shares
STATE STREET CORP $10,295,120 555,592 0.32% Shares
Columbus Macro, LLC $10,068,793 543,378 0.31% Shares
CIBC Private Wealth Group LLC $9,898,273 484,972 0.31% Shares
Kestra Advisory Services, LLC $9,638,397 520,151 0.30% Shares
PEAK6 LLC $9,565,186 516,200 0.30% Call option
GFS Advisors, LLC $9,391,418 3,065 0.29% Shares
OPPENHEIMER & CO INC $8,761,466 472,826 0.27% Shares
Advisors Asset Management, Inc. $8,691,184 397,039 0.27% Shares
Melia Wealth LLC $8,531,960 460,440 0.26% Shares
INDEPENDENT FINANCIAL GROUP, LLC $8,528,865 460,273 0.26% Shares
&PARTNERS $8,425,134 453,599 0.26% Shares
Pathstone Holdings, LLC $8,397,916 453,206 0.26% Shares
GRITSTONE ASSET MANAGEMENT LLC $8,284,543 447,088 0.26% Shares
BLAIR WILLIAM & CO/IL $8,156,946 440,202 0.25% Shares
BALDWIN WEALTH PARTNERS LLC/MA $8,135,059 439,021 0.25% Shares
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. $7,891,522 425,878 0.24% Shares
Beacon Pointe Advisors, LLC $7,839,810 435,062 0.24% Shares
LGT Fund Management Co Ltd. $7,713,854 416,290 0.24% Shares
Steward Partners Investment Advisory, LLC $7,532,327 406,494 0.23% Shares
Clearstead Advisors, LLC $7,454,506 402,294 0.23% Shares
one8zero8, LLC $7,364,382 397,430 0.23% Shares
Gilbert & Cook, Inc. $7,315,651 394,800 0.23% Shares
Prairiewood Capital, LLC $7,122,182 384,360 0.22% Shares
Trinity Financial Advisors LLC $6,930,886 374,036 0.21% Shares
Enstar Group LTD $6,914,395 373,146 0.21% Shares
PALISADE CAPITAL MANAGEMENT, LP $6,728,929 363,137 0.21% Shares
ROMANO BROTHERS AND COMPANY $6,649,070 358,827 0.21% Shares
Mutual Advisors, LLC $6,573,145 354,730 0.20% Shares
DENALI ADVISORS LLC $6,567,868 354,445 0.20% Shares
CITADEL ADVISORS LLC $6,529,972 352,400 0.20% Call option
Smith Asset Management Co., LLC $6,481,164 349,766 0.20% Shares
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. $6,407,273 345,778 0.20% Shares
SCS Capital Management LLC $6,394,759 345,103 0.20% Shares
Private Advisor Group, LLC $6,371,580 343,851 0.20% Shares
SFMG, LLC $6,354,449 342,928 0.20% Shares
Carnegie Investment Counsel $6,203,861 334,801 0.19% Shares
Blume Capital Management, Inc. $6,123,980 330,490 0.19% Shares
CAPTRUST FINANCIAL ADVISORS $6,052,200 326,616 0.19% Shares
AE Wealth Management LLC $6,006,889 324,171 0.19% Shares

Company insiders 25 insiders · 12 officers · 14 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael Kort Schnabel Chief Executive Officer Feb. 5, 2026 P 40,500 3 0 $743,320
Kipp R. Deveer Chief Executive Officer Oct. 28, 2020 P 300,000 0 0 $0
Scott C Lem CFO and Treasurer Feb. 6, 2026 P 39,463 1 0 $100,038
ROLL PENELOPE F Chief Financial Officer March 16, 2023 P 60,500 0 0 $0
Richard S Davis Chief Financial Officer May 20, 2009 P 72,093 0 0 $0
James Robert Miller Co-President March 3, 2025 P 40,000 0 0 $0
Mitchell S Goldstein Co-President Aug. 15, 2016 P 195,358 0 0 $0
Jana Markowicz Chief Operating Officer Feb. 9, 2026 P 25,176 1 0 $288,000
Michael J Arougheti Executive Vice President Feb. 18, 2025 G 2,016,785 0 0 $0
Joshua M Bloomstein General Counsel, VP & Sec. Oct. 30, 2020 P 16,500 0 0 $0
Eric B Beckman Executive Vice President Dec. 23, 2013 J 180,865 0 0 $0
Michael D Weiner VP and General Counsel May 1, 2008 X 1,700 0 0 $0
Mary Beth Henson Director Feb. 5, 2026 P 31,913 1 0 $76,560
Bates Ann Torre Director Feb. 11, 2025 P 30,000 0 0 $0
Steven B. Mckeever Director June 15, 2022 P 44,944 0 0 $0
Eric B Siegel Director Sept. 11, 2020 P 42,732 0 0 $0
Michael K Parks Director Sept. 11, 2020 P 21,199 0 0 $0
Robert L Rosen Director Aug. 19, 2020 P 48,006 0 0 $0
Steve Bartlett Director Nov. 1, 2019 P 27,276 0 0 $0
Daniel G Kelly Jr Director Aug. 1, 2019 P 30,510 0 0 $0
Bennett Rosenthal Director Dec. 23, 2013 J 255,138 0 0 $0
Antony P Ressler Director Dec. 23, 2013 J 1,003,568 0 0 $0
Frank Eugene Obryan Director Nov. 19, 2009 P 12,000 0 0 $0
Douglas E Coltharp Director Nov. 14, 2008 P 4,500 0 0 $0
Michael Lewis Smith May 19, 2022 P 89,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Ares Management LLC, Ares Management, Inc., Ares Partners Management Company LLC, Antony P. Ressler ×2 filings April 11, 2005 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 22 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FBDC · First Trust Exchange-Traded Fund VI… 10.59% 191,235 NS May 31, 2026 N-PORT
LBO · EA Series Trust 10.45% 46,698 NS April 30, 2026 N-PORT
PEX · ProShares Trust 10.16% 59,476 NS May 31, 2026 N-PORT
HYIN · WisdomTree Trust 3.30% 89,525 NS May 31, 2026 N-PORT
FXED · Tidal Trust I 3.15% 66,297 NS May 31, 2026 N-PORT
PSP · Invesco Exchange-Traded Fund Trust 3.14% 385,595 Aug. 8, 2026 Daily
VPC · ETFis Series Trust I 1.17% 20,276 NS April 30, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 0.44% 12,699,000 Aug. 8, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.42% 11,223,000 Aug. 8, 2026 Daily
QIDX · Spinnaker ETF Series 0.40% 7,998 NS April 30, 2026 N-PORT
GSY · Invesco Actively Managed Exchange-T… 0.36% 13,829,000 Aug. 8, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.32% 14,482,000 Aug. 8, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.28% 10,312,000 Aug. 8, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS 0.14% 11,563,000 PA Aug. 8, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS 0.07% 35,931,000 PA Aug. 8, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS 0.03% 483,000 PA Aug. 8, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS 0.02% 18,279,000 PA Aug. 8, 2026 Daily
VCEB · VANGUARD WORLD FUND 0.02% 215,000 PA Aug. 8, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS 0.01% 7,710,000 PA Aug. 8, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS 0.01% 6,307,000 PA Aug. 8, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS 0.00% 2,007,000 PA Aug. 8, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS 0.00% 4,967 PA Aug. 8, 2026 Daily