Bain Capital Specialty Finance (BCSF) Operating Margin (2020 - 2026)
Bain Capital Specialty Finance (BCSF) recorded quarterly Operating Margin of 42.72% in Q1 2026, down 4.41% quarter-over-quarter from 44.69% in Q4 2025, and down 693.0% on a YoY basis from 7.2% in Q1 2025.
Bain Capital Specialty Finance (BCSF) Operating Margin (2020 - 2026) Analysis & Trends
Bain Capital Specialty Finance's Operating Margin history runs 7 years deep, the most recent figure standing at 42.72% for Q1 2026.
- In Q1 2026, Operating Margin fell 693.0% year-over-year to 42.72%; the TTM figure through Mar 2026 stood at 44.18% (down 402.0% YoY), while the FY2025 annual figure was 45.88%, down 167.0% from the prior year.
- Operating Margin was 42.72% for Q1 2026 at Bain Capital Specialty Finance, down from 44.69% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 52.84% in Q2 2023 to a low of 40.13% in Q4 2022.
- Historically, Operating Margin has averaged 47.1% across 5 years, with a median of 47.41% in 2024.
- The sharpest annual moves came in 2023 and 2026: Operating Margin jumped 780 bps in 2023, then plunged 693 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 40.13% in 2022, then grew by 19 bps to 47.93% in 2023, then declined by 1 bps to 47.59% in 2024, then fell by 6 bps to 44.69% in 2025, then retreated by 4 bps to 42.72% in 2026.
- The last three Operating Margin figures came in at 42.72% (Q1 2026), 44.69% (Q4 2025), and 44.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 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 | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Bain Capital Specialty Finance | - | - | - | 42.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.72% |
| Dec 31, 2025 | 44.69% |
| Sep 30, 2025 | 44.64% |
| Jun 30, 2025 | 44.62% |
| Mar 31, 2025 | 49.65% |
| Dec 31, 2024 | 47.59% |
| Sep 30, 2024 | 48.26% |
| Jun 30, 2024 | 47.41% |
| Mar 31, 2024 | 46.95% |
| Dec 31, 2023 | 47.93% |
| Sep 30, 2023 | 50.13% |
| Jun 30, 2023 | 52.84% |
| Mar 31, 2023 | 43.82% |
| Dec 31, 2022 | 40.13% |
| Sep 30, 2022 | 51.18% |
| Jun 30, 2022 | 51.02% |
| Mar 31, 2022 | 47.17% |
| Dec 31, 2021 | 42.74% |
| Sep 30, 2021 | 43.92% |
| Dec 31, 2020 | 45.75% |