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OAK-PB

Oaktree Capital Group, LLC

OAK-PB

Oaktree Capital Group, LLC • NYSE
$21.50 ▼ -0.46% (-0.10)
Market Cap $2.55 B
52w High $22.84
52w Low $19.29
Dividend Yield 1.23%
P/E 9.87
Volume 709
Outstanding Shares 118.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $160.356M ▲ $458K ▼ $59.704M ▲ 37.232% ▲ $0.5 ▲ $0 ▼
Q2-2025 $121.039M ▼ $1.352M ▲ $21.563M ▲ 17.815% ▲ $0.12 ▲ $84.858M ▲
Q1-2025 $218.023M ▼ $853K ▲ $-4.999M ▼ -2.293% ▼ $-0.1 ▼ $62.417M ▼
Q4-2024 $507.516M ▲ $-1.68M ▼ $216.128M ▲ 42.585% ▲ $1.07 ▲ $739.222M ▲
Q3-2024 $140.32M $398K $43.591M 31.065% $0.39 $64.694M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.587M ▼ $6.63B ▲ $1.345B ▲ $5.285B ▲
Q2-2025 $15.207M ▼ $6.455B ▼ $1.175B ▼ $2.166B ▼
Q1-2025 $612.957M ▲ $7.015B ▼ $1.738B ▲ $2.249B ▼
Q4-2024 $22.303M ▲ $7.073B ▲ $1.603B ▼ $2.394B ▲
Q3-2024 $20.841M $6.966B $1.609B $2.305B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $181.154M ▲ $267.163M ▲ $-881.102M ▼ $1.385B ▲ $0 ▲ $267.163M ▲
Q2-2025 $66.658M ▲ $164.79M ▲ $491.606M ▲ $-981.267M ▼ $-324.772M ▼ $262.275M ▼
Q1-2025 $28.29M ▼ $111.71M ▲ $454.577M ▲ $-403.413M ▼ $163.106M ▲ $277.733M ▲
Q4-2024 $216.128M ▼ $77.625M ▼ $134.6M ▼ $-290.626M ▼ $-79.447M ▼ $-30.035M ▲
Q3-2024 $442.516M $92.235M $329.007M $-270.307M $33.855M $-1.189B

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q4-2024
Evergreen Incentive Income
Evergreen Incentive Income
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Investment Performance
Investment Performance
 $0 ▲$0 ▲$0 ▲$120.00M ▲
Closedend and Evergreen Incentive Income
Closedend and Evergreen Incentive Income
 $0 ▲$110.00M ▲$0 ▼$0 ▲
Incentive Income
Incentive Income
 $210.00M ▲$120.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Earnings have been consistently positive, but quite cyclical, which is normal for an alternative asset manager. Profits were very strong a few years ago, then eased off as markets cooled, and have recently picked up again. The latest year shows a clear rebound in both revenue and profitability after a softer stretch, suggesting that performance fees and investment results have improved. Overall, the business looks profitable over time, but results swing with market conditions and fund performance rather than moving in a straight line.

Balance Sheet

Balance Sheet The balance sheet shows a firm that has steadily strengthened its financial foundation but now runs with a much leaner cash cushion. Total debt has come down sharply from earlier years, which reduces financial risk and interest burden. Equity has been edging up, indicating value building for owners over time. On the other hand, cash on hand is now quite low compared with the past, which makes the firm more reliant on ongoing fee inflows, credit lines, and its broader corporate backing. In short: less leverage, healthier core, but less immediate liquidity than before.

Cash Flow

Cash Flow Cash generation has been lumpy. In most recent years before the latest one, the business produced healthy cash from operations, with little to no spending on long‑term assets, so almost all operating cash flowed through as free cash. The latest year breaks that pattern: cash from operations turned negative even though accounting profits improved. That gap can come from timing issues, working capital swings, or investment activity within their funds, but it’s a point to watch because it shows that reported earnings and actual cash inflows can diverge meaningfully from year to year.

Competitive Edge

Competitive Edge Oaktree holds a strong, specialized position in the world of alternative asset management, especially in distressed debt and complex credit. Its edge comes from decades of experience, a disciplined and conservative investment philosophy, and deep relationships with large institutional clients. The firm is known for stepping in during periods of market stress, when its expertise is most valuable. The partnership with Brookfield adds scale, distribution, and financial backing. The main ongoing challenges are intense competition across private credit and alternatives, dependence on market cycles for performance fees, and the need to keep attracting and retaining top investment talent.

Innovation and R&D

Innovation and R&D Innovation at Oaktree is less about flashy technology and more about refining its investment process and expanding into adjacent strategies. The firm leans heavily on human judgment, cycle awareness, and risk control, while using technology mainly as a supporting tool for analytics and reporting. Strategic moves—such as building out private credit, acquiring a NAV‑lending specialist, and partnering with major institutions—are the real “R&D” here. These steps show a willingness to evolve product offerings and capital sources without abandoning its core value‑oriented, risk‑averse identity.

Summary

Oaktree Capital Group combines a solid, cycle‑tested earnings profile with a cleaner, less leveraged balance sheet, but with more volatile cash flows and a thinner cash buffer than in the past. Its true strength lies in its reputation and specialization in distressed and credit‑focused strategies, backed by long relationships with sophisticated clients and the support of Brookfield. Financial results will naturally ebb and flow with credit markets and deal activity, but the firm’s philosophy and niche focus give it a durable place in the alternative asset management landscape, as long as it continues to manage liquidity carefully and adapt its product lineup to evolving investor demand.