Barings BDC (BBDC) Net Margin (2021 - 2026)
Barings BDC's (BBDC) quarterly Net Margin came in at 2.45% in Q2 2026, down 28.0% year-over-year from 3.4% in Q2 2025, and down 240.43% quarter-over-quarter from 1.75% in Q1 2026.
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Barings BDC (BBDC) Net Margin (2021 - 2026) Analysis & Trends
Barings BDC has disclosed Net Margin across 6 years of filings, most recently posting 2.45% for Q2 2026.
- In Q2 2026, Net Margin fell 28.0% year-over-year to 2.45%; the TTM figure through Jun 2026 stood at 2.12% (down 286.0% YoY), while the FY2025 annual figure was 6.07%, down 259.0% from the prior year.
- Net Margin came in at 2.45% for Q2 2026 at Barings BDC, down from 1.75% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 32.83% in Q1 2024 to a low of 65.24% in Q2 2022.
- Average Net Margin over 5 years is 2.09%, with a median of 2.28% recorded in 2026.
- Year-over-year, Net Margin sank 3466 bps in 2022 and surged 9092 bps in 2023.
- Over 5 years, Net Margin stood at 29.62% in 2022, then soared by 133 bps to 9.65% in 2023, then plunged by 45 bps to 5.28% in 2024, then grew by 15 bps to 6.1% in 2025, then slumped by 140 bps to 2.45% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 2.45% in Q2 2026, 1.75% in Q1 2026, and 6.1% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.08 Bn | 13.70 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.66 Bn | 5.39 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.23 Bn | 5.18 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 4.96 Bn | 4.75 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.34 Bn | 3.23 Bn | - | - |
| 8 | Golub Capital Bdc | 3.30 Bn | 3.25 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | -29.16% |
| 10 | Barings BDC | 915.14 Mn | 863.74 Mn | - | -2.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.45% |
| Mar 31, 2026 | 1.75% |
| Dec 31, 2025 | 6.10% |
| Sep 30, 2025 | 2.82% |
| Jun 30, 2025 | -2.17% |
| Mar 31, 2025 | 19.21% |
| Dec 31, 2024 | 5.28% |
| Sep 30, 2024 | -0.77% |
| Jun 30, 2024 | -1.78% |
| Mar 31, 2024 | 32.83% |
| Dec 31, 2023 | 9.65% |
| Sep 30, 2023 | -5.32% |
| Jun 30, 2023 | 25.68% |
| Mar 31, 2023 | 30.37% |
| Dec 31, 2022 | -29.62% |
| Sep 30, 2022 | -10.10% |
| Jun 30, 2022 | -65.24% |
| Mar 31, 2022 | 21.42% |
| Dec 31, 2021 | 5.04% |
| Sep 30, 2021 | 18.03% |