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Ameriprise Financial vs Ares Management: revenue, profit, margins and growth compared

Ameriprise Financial brought in $18.9B of revenue in fiscal 2025, Ares Management $5.6B in fiscal 2025. Revenue changed by +5.5% at Ameriprise Financial and +44.2% at Ares Management on the year before, so Ares Management grew faster. Ameriprise Financial kept 18.8% of its revenue as net profit, Ares Management 9.4%.

Side by side, latest fiscal year

AMPARES
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.9B$5.6B
Revenue growth+5.5%+44.2%
Net income$3.6B$527.4M
Net margin18.8%9.4%
Free cash flow$8.2Bn/a
Free cash flow margin43.2%n/a
Earnings per share (diluted)$36.28n/a
Cash$11.2B$488.9M
Debtn/an/a
Price to earnings13.6n/a
Market value$44.3B$40.3B
Dividend yieldn/an/a
Rank by revenue in sector#32 of 444 · Finance#93 of 444 · Finance

Over the years

Revenue
AMP FY2018: $12.9BAMP FY2019: $13.1BAMP FY2020: $12BAMP FY2021: $13.4BAMP FY2022: $14.3BAMP FY2023: $16.1BAMP FY2024: $17.9BAMP FY2025: $18.9BARES FY2018: $1.2BARES FY2019: $1.8BARES FY2020: $1.8BARES FY2021: $4.2BARES FY2022: $3.1BARES FY2023: $3.6BARES FY2024: $3.9BARES FY2025: $5.6BFY18FY19FY20FY21FY22FY23FY24FY25
AMP $18.9BARES $5.6B
Net income
AMP FY2018: $2.1BAMP FY2019: $1.9BAMP FY2020: $1.5BAMP FY2021: $3.4BAMP FY2022: $3.1BAMP FY2023: $2.6BAMP FY2024: $3.4BAMP FY2025: $3.6BARES FY2018: $57MARES FY2019: $148.9MARES FY2020: $152.1MARES FY2021: $408.8MARES FY2022: $167.5MARES FY2023: $474.3MARES FY2024: $463.7MARES FY2025: $527.4MFY18FY19FY20FY21FY22FY23FY24FY25
AMP $3.6BARES $527.4M
Net margin
AMP FY2018: 16.2%AMP FY2019: 14.4%AMP FY2020: 12.8%AMP FY2021: 25.5%AMP FY2022: 22.0%AMP FY2023: 15.9%AMP FY2024: 19.0%AMP FY2025: 18.8%ARES FY2018: 4.7%ARES FY2019: 8.4%ARES FY2020: 8.6%ARES FY2021: 9.7%ARES FY2022: 5.5%ARES FY2023: 13.1%ARES FY2024: 11.9%ARES FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25
AMP 18.8%ARES 9.4%
Revenue growth
AMP FY2019: +1.4%AMP FY2020: -8.7%AMP FY2021: +12.0%AMP FY2022: +7.1%AMP FY2023: +12.3%AMP FY2024: +11.4%AMP FY2025: +5.5%ARES FY2019: +44.9%ARES FY2020: -0.1%ARES FY2021: +138.8%ARES FY2022: -27.5%ARES FY2023: +18.9%ARES FY2024: +7.0%ARES FY2025: +44.2%FY19FY20FY21FY22FY23FY24FY25
AMP +5.5%ARES +44.2%
Free cash flow
AMP FY2018: $2.4BAMP FY2019: $2.2BAMP FY2020: $4.5BAMP FY2021: $3.2BAMP FY2022: $4.2BAMP FY2023: $4.5BAMP FY2024: $6.4BAMP FY2025: $8.2BARES FY2018: -$1.4BFY18FY19FY20FY21FY22FY23FY24FY25
AMP $8.2BARES -$1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Ameriprise Financial and Ares Management

Which is bigger by revenue, Ameriprise Financial or Ares Management?

Ameriprise Financial is bigger by revenue: $18.9B in fiscal 2025, against $5.6B for Ares Management in fiscal 2025.

Which keeps more of its revenue as profit, Ameriprise Financial or Ares Management?

Ameriprise Financial had a net margin of 18.8% in fiscal 2025; Ares Management had 9.4% in fiscal 2025.

Which grew revenue faster, Ameriprise Financial or Ares Management?

In their latest fiscal years revenue changed by +5.5% at Ameriprise Financial and +44.2% at Ares Management.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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