Tearsheet

Ares Acquisition II (AACT)


Market Price (9/30/2025): $7.65 | Market Cap: $474.4 Mil
Sector: Financials | Industry: Multi-Sector Holdings

Ares Acquisition II (AACT)


Market Price (9/30/2025): $7.65
Market Cap: $474.4 Mil
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights

0   Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil
0 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil

Market Valuation

 9/30/25202420232022
Share Price CYE$7.65$10.98$10.44 
Market Cap CYE ($ Mil)474.4686.3654.3-
Total Debt ($ Mil)7.75.05.00.2
Total Cash ($ Mil)0.11.01.90.0
Enterprise Value ($ Mil)481.9691.3659.3 
Valuation Ratios    
P/S TTM0.00.00.00.0
P/EBIT TTM-51.8-386.5-435.90.0
P/E TTM29.126.428.90.0
Sector Ratios    
P/S TTM (Sector)3.23.12.82.8
P/EBIT TTM (Sector)6.96.87.07.0
P/E TTM (Sector)12.611.610.19.4
 9/30/2520242023
Share Price CYE$7.65$10.98$10.44
Market Cap CYE ($ Mil)474.4686.3654.3
Total Debt ($ Mil)7.75.05.0
Total Cash ($ Mil)0.11.01.9
Enterprise Value ($ Mil)481.9691.3659.3
Valuation Ratios   
P/S TTM0.00.00.0
P/EBIT TTM-51.8-386.5-435.9
P/E TTM29.126.428.9
Sector Ratios   
P/S TTM (Sector)3.23.12.8
P/EBIT TTM (Sector)6.96.87.0
P/E TTM (Sector)12.611.610.1

Business Description

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
AACT Return----5%-14%-9%
Peers Return      0%
S&P 500 Return16%27%-19%24%23%13%106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BCAR, APAD, AXIN, BACC, BRR.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than Ares Acquisition II (AACT)

Trade Ideas

Select past trade ideas related to AACT and Multi-Sector Holdings.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FIS_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025FISFidelity National Information ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-7.4%-7.4%-8.7%
FI_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025FIFiservMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-6.8%-6.8%-7.4%
MORN_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025MORNMorningstarMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-15.0%-15.0%-16.2%
RKT_7312025_Short_Squeeze07312025RKTRocket CompaniesSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
32.1%32.1%0.0%
SII_7312025_Quality_Momentum_RoomToRun_10%07312025SIISprottQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
21.9%21.9%-6.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FIS_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025FISFidelity National Information ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-7.4%-7.4%-8.7%
FI_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025FIFiservMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-6.8%-6.8%-7.4%
MORN_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025MORNMorningstarMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-15.0%-15.0%-16.2%
RKT_7312025_Short_Squeeze07312025RKTRocket CompaniesSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
32.1%32.1%0.0%
SII_7312025_Quality_Momentum_RoomToRun_10%07312025SIISprottQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
21.9%21.9%-6.7%

See Trefis Trade Ideas for more.

Recent Active Movers

Recent Active Movers

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Peer Comparisons for Ares Acquisition II

Financials

AACTBCARAPADAXINBACCBRRMedian
NameAres Acq.D Boral .A Paradi.Axiom In.Blue Acq.Columbus. 
Mkt Price-9.929.909.9610.0010.129.96
Mkt Cap0.6-----0.6
Rev LTM0-0---0
Op Inc LTM-9--0----5
FCF LTM-2--0----1
FCF 3Y Avg-1------1
CFO LTM-2--0----1
CFO 3Y Avg-1------1

Growth & Margins

AACTBCARAPADAXINBACCBRRMedian
NameAres Acq.D Boral .A Paradi.Axiom In.Blue Acq.Columbus. 
Rev Chg LTM-------
Rev Chg 3Y Avg-------
Rev Chg Q-------
QoQ Delta Rev Chg LTM-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-------
CFO/Rev 3Y Avg-------
FCF/Rev LTM-------
FCF/Rev 3Y Avg-------

Valuation

AACTBCARAPADAXINBACCBRRMedian
NameAres Acq.D Boral .A Paradi.Axiom In.Blue Acq.Columbus. 
Mkt Cap0.6-----0.6
P/S-------
P/EBIT-64.3------64.3
P/E36.0-----36.0
P/CFO-236.2------236.2
Total Yield2.8%-----2.8%
Dividend Yield0.0%-----0.0%
FCF Yield 3Y Avg-0.2%------0.2%
D/E0.0-----0.0
Net D/E0.0-----0.0

Returns

AACTBCARAPADAXINBACCBRRMedian
NameAres Acq.D Boral .A Paradi.Axiom In.Blue Acq.Columbus. 
1M Rtn-0.2%0.1%-0.2%0.5%-0.2%0.1%
3M Rtn-------
6M Rtn-------
12M Rtn-------
3Y Rtn-------
1M Excs Rtn--2.2%-2.5%-2.6%-2.0%-2.6%-2.5%
3M Excs Rtn-------
6M Excs Rtn-------
12M Excs Rtn-------
3Y Excs Rtn-------

Financials

Price Behavior

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity104,556
Short Interest: % Change Since 8312025292.8%
Average Daily Volume822,961
Days-to-Cover Short Interest1
Basic Shares Quantity62,007,471
Short % of Basic Shares0.2%

SEC Filings

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Report DateFiling DateFiling
6302025812202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024312202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024510202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023811202310-Q 6/30/2023
3312023602202310-Q 3/31/2023
123120224242023424B4 12/31/2022

Insider Activity

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