Ares Capital Corporation

ARCC

Ares Capital Corporation Ares Capital Corporation, a Maryland corporation (together with its subsidiaries, where applicable, Ares Capital or the Company, which may also be referred to as we, us or our ), is a specialty finance company that is a closed-end, non-diversified management investment company. We have elected to be regulated as a business development company ( BDC ) under the I…

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$14.05B

EPS$1.22

P/E15.95

P/FCF–

EV/EBITDA–

FCF Yield–

Div. Yield9.64%

Net Debt/FCF–

Ares Capital Corporation intrinsic value

52-Week Range

$17.45$21.03

Profitability & Returns

TTM as of 2026-09 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue

N/A

Net Income (TTM)

$875M

▼ -14.7% YoY

Op. Margin

–

ROIC

–

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF

N/A

Op. Cash Flow (TTM)

$1.15B

▲ +19.3% YoY

Net Debt

$14.40B

Cash & Equiv.

$722M

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

Intrinsic Value

What is it worth?

Financials

Full income, cash flow, balance sheet

Held by ETFs

ARCC is in 16 US ETFs. The largest of them, with ARCC's weight in each:

Ares Capital (ARCC) in three numbers

Fair value (earnings): $27.98; Price $19.46 is 30% below it.; Intrinsic Value
Dividend (TTM): $1.92; 9.64% yield, not raised in the latest year.; Dividends
P/E: 15.95; From the last twelve months of earnings.; Financials

Questions about Ares Capital

Is Ares Capital (ARCC) overvalued?

At $19.46, Ares Capital's price is 30% below the $27.98 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 15.95 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Ares Capital's fair value?

Intrinsiqq's calculator puts Ares Capital's fair value at $27.98 a share. It grows earnings per share 10.3% a year for 5 years, applies an exit P/E of 14.8, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $20.99. Every input can be changed on the Intrinsic Value tab.

Does Ares Capital (ARCC) pay a dividend, and how much?

Yes. Ares Capital (ARCC) pays a dividend: $1.92 per share over the last twelve months, a dividend yield of 9.64% at the latest close. Its dividend per share has grown at 3.7% a year over the last 5 years. The payout takes about 154.9% of earnings. The Dividends tab has the full payment history and the safety score.

Source: 10-Q filed 22 Oct 2026 (period ending 30 Sept 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in ARCC's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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