ROAD vs. ARES

Last updated Apr 1, 2026

Compare and contrast key facts about Construction Partners, Inc. (ROAD) and Ares Management Corporation (ARES).

Performance

ROAD vs. ARES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Construction Partners, Inc. (ROAD) and Ares Management Corporation (ARES). The values are adjusted to include any dividend payments, if applicable.

ROAD vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ROAD Construction Partners, Inc.	2.37%	22.71%	103.26%	63.06%	-9.25%	1.03%	72.55%	91.05%	-27.02%
ARES Ares Management Corporation	-31.58%	-5.72%	52.68%	79.52%	-12.75%	77.75%	37.37%	110.13%	-14.95%

Fundamentals

Market Cap ROAD : $6.23B ARES : $24.13B
EPS ROAD : $2.19 ARES : $2.40
PE Ratio ROAD : 50.85 ARES : 45.51
PEG Ratio ROAD : 0.94 ARES : 1.82
PS Ratio ROAD : 2.03 ARES : 3.71
PB Ratio ROAD : 6.43 ARES : 3.36
Total Revenue (TTM) ROAD : $3.06B ARES : $6.47B
Gross Profit (TTM) ROAD : $484.02M ARES : $2.74B
EBITDA (TTM) ROAD : $381.90M ARES : $2.24B

Returns By Period

In the year-to-date period, ROAD achieves a 2.37% return, which is significantly higher than ARES's -31.58% return.

ROAD

• 1D: 4.87%
• 1M: -17.30%
• YTD: 2.37%
• 6M: -12.50%
• 1Y: 54.61%
• 3Y*: 60.37%
• 5Y*: 30.07%
• 10Y*: —

ARES

• 1D: 1.34%
• 1M: -1.27%
• YTD: -31.58%
• 6M: -30.05%
• 1Y: -22.71%
• 3Y*: 12.80%
• 5Y*: 17.27%
• 10Y*: 26.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ROAD vs. ARES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ROAD

ROAD Risk / Return Rank: 76
ROAD Sharpe Ratio Rank: 79
ROAD Sortino Ratio Rank: 77
ROAD Omega Ratio Rank: 72
ROAD Calmar Ratio Rank: 79
ROAD Martin Ratio Rank: 75

ARES

ARES Risk / Return Rank: 22
ARES Sharpe Ratio Rank: 20
ARES Sortino Ratio Rank: 21
ARES Omega Ratio Rank: 21
ARES Calmar Ratio Rank: 28
ARES Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ROAD vs. ARES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Construction Partners, Inc. (ROAD) and Ares Management Corporation (ARES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ROAD	ARES	Difference
Sharpe ratio Return per unit of total volatility	1.19	-0.49	+1.69
Sortino ratio Return per unit of downside risk	1.89	-0.43	+2.32
Omega ratio Gain probability vs. loss probability	1.22	0.94	+0.28
Calmar ratio Return relative to maximum drawdown	2.10	-0.44	+2.55
Martin ratio Return relative to average drawdown	4.55	-1.13	+5.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROAD vs. ARES - Sharpe Ratio Comparison

The current ROAD Sharpe Ratio is 1.19, which is higher than the ARES Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of ROAD and ARES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ROAD	ARES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	-0.49	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.47	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.60	+0.07

Correlation

The correlation between ROAD and ARES is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ROAD vs. ARES - Dividend Comparison

ROAD has not paid dividends to shareholders, while ARES's dividend yield for the trailing twelve months is around 5.09%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROAD Construction Partners, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARES Ares Management Corporation	5.09%	3.29%	2.10%	2.59%	3.57%	2.31%	3.40%	3.59%	7.50%	5.65%	4.32%	6.81%

Drawdowns

ROAD vs. ARES - Drawdown Comparison

The maximum ROAD drawdown since its inception was -54.54%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for ROAD and ARES.

Drawdown Indicators

	ROAD	ARES	Difference
Max Drawdown Largest peak-to-trough decline	-54.54%	-49.73%	-4.81%
Max Drawdown (1Y) Largest decline over 1 year	-26.55%	-49.05%	+22.50%
Max Drawdown (5Y) Largest decline over 5 years	-54.54%	-49.73%	-4.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.73%	—
Current Drawdown Current decline from peak	-19.99%	-42.39%	+22.40%
Average Drawdown Average peak-to-trough decline	-16.31%	-10.90%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	19.30%	-7.03%

Volatility

ROAD vs. ARES - Volatility Comparison

Construction Partners, Inc. (ROAD) has a higher volatility of 17.72% compared to Ares Management Corporation (ARES) at 14.86%. This indicates that ROAD's price experiences larger fluctuations and is considered to be riskier than ARES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAD	ARES	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.72%	14.86%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	31.01%	33.31%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	46.05%	46.21%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.24%	36.85%	+7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.43%	36.36%	+12.07%

Financials

ROAD vs. ARES - Profitability Comparison

The chart below illustrates the profitability comparison between Construction Partners, Inc. and Ares Management Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ROAD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Construction Partners, Inc. reported a gross profit of 121.50M and revenue of 809.47M. Therefore, the gross margin over that period was 15.0%.

ARES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ares Management Corporation reported a gross profit of 601.15M and revenue of 2.37B. Therefore, the gross margin over that period was 25.3%.

ROAD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Construction Partners, Inc. reported an operating income of 50.41M and revenue of 809.47M, resulting in an operating margin of 6.2%.

ARES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ares Management Corporation reported an operating income of 1.12B and revenue of 2.37B, resulting in an operating margin of 47.4%.

ROAD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Construction Partners, Inc. reported a net income of 17.21M and revenue of 809.47M, resulting in a net margin of 2.1%.

ARES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ares Management Corporation reported a net income of 54.25M and revenue of 2.37B, resulting in a net margin of 2.3%.