Barings BDC (BBDC) EBITDA Margin (2021 - 2026)
Barings BDC's (BBDC) quarterly EBITDA Margin came in at 63.88% in Q1 2026, up 515.0% year-on-year from 10.39% in Q1 2025, and up 48.4% quarter-over-quarter from 43.05% in Q4 2025.
Barings BDC (BBDC) EBITDA Margin (2021 - 2026) Analysis & Trends
Barings BDC has disclosed EBITDA Margin across 6 years of filings, most recently posting 63.88% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 63.88%, up 515.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 47.33% (down 300.0% YoY), and the FY2025 annual result was 63.85%, up 11.0% from the prior year.
- EBITDA Margin came in at 63.88% for Q1 2026 at Barings BDC, up from 43.05% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 63.88% in Q1 2026 to a low of 41.15% in Q2 2025.
- The 5-year median for EBITDA Margin is 45.58% (2023), against an average of 48.9%.
- Across the five-year window, EBITDA Margin surged 1774 bps in 2022 and slumped 1554 bps in 2025, its largest moves.
- Barings BDC's EBITDA Margin stood at 59.18% in 2022, then fell by 23 bps to 45.58% in 2023, then slipped by 3 bps to 44.43% in 2024, then retreated by 3 bps to 43.05% in 2025, then jumped by 48 bps to 63.88% in 2026.
- The last three EBITDA Margin figures came in at 63.88% (Q1 2026), 43.05% (Q4 2025), and 48.27% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 44.01% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 73.37% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 170.02% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.29% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 26.04% |
| 10 | Barings BDC | 852.13 Mn | 796.72 Mn | - | 63.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.88% |
| Dec 31, 2025 | 43.05% |
| Sep 30, 2025 | 48.27% |
| Jun 30, 2025 | 41.15% |
| Mar 31, 2025 | 58.73% |
| Dec 31, 2024 | 44.43% |
| Sep 30, 2024 | 44.06% |
| Jun 30, 2024 | 56.70% |
| Mar 31, 2024 | 42.41% |
| Dec 31, 2023 | 45.58% |
| Sep 30, 2023 | 47.60% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 41.21% |
| Dec 31, 2022 | 59.18% |
| Sep 30, 2022 | 49.57% |
| Jun 30, 2022 | 57.16% |
| Mar 31, 2022 | 43.46% |
| Dec 31, 2021 | 41.45% |
| Sep 30, 2021 | 42.54% |