Bain Capital Specialty Finance (BCSF) Operating Margin (2020 - 2026)

Bain Capital Specialty Finance's (BCSF) quarterly Operating Margin came in at 41.35% in Q1 2026, down 830.0% year-on-year from 5.66% in Q1 2025, and down 4.98% quarter-over-quarter from 43.52% in Q4 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 41.35% for Q1 2026.

  • On a quarterly basis, Operating Margin fell 830.0% year-over-year to 41.35% in Q1 2026; TTM through Mar 2026 was 43.26%, a 453.0% decrease from a year earlier, with the FY2025 full-year figure at 44.5%, down 152.0% from the prior year.
  • Operating Margin declined to 41.35% in Q1 2026 per BCSF's latest filing, from 43.52% in the prior quarter.
  • Across five years, Operating Margin topped out at 52.84% in Q2 2023 and bottomed at 40.13% in Q4 2022.
  • The 5-year median for Operating Margin is 47.17% (2022), against an average of 46.74%.
  • Across the five-year window, Operating Margin soared 780 bps in 2023 and sank 830 bps in 2026, its largest moves.
  • Year by year, Operating Margin 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 declined by 9 bps to 43.52% in 2025, then declined by 5 bps to 41.35% in 2026.
  • Per Business Quant, the three latest BCSF Operating Margin figures stand at 41.35% (Q1 2026), 43.52% (Q4 2025), and 43.45% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn 175.98%
2 BlackRock 161.01 Bn 148.08 Bn - 42.01%
3 Blackstone 97.77 Bn 96.72 Bn - -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 24.88%
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 18.44%
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - -
9 Price T Rowe 24.70 Bn 21.13 Bn - 36.65%
10 Bain Capital Specialty Finance 808.91 Mn 791.32 Mn - 41.35%

Historic Data

Download Data
DateValue
Mar 31, 2026 41.35%
Dec 31, 2025 43.52%
Sep 30, 2025 43.45%
Jun 30, 2025 44.62%
Mar 31, 2025 49.65%
Dec 31, 2024 47.59%
Sep 30, 2024 48.26%
Jun 30, 2024 45.82%
Mar 31, 2024 46.95%
Dec 31, 2023 47.93%
Sep 30, 2023 50.13%
Jun 30, 2023 52.84%
Mar 31, 2023 43.03%
Dec 31, 2022 40.13%
Sep 30, 2022 51.18%
Jun 30, 2022 51.02%
Mar 31, 2022 47.17%
Dec 31, 2021 42.48%
Sep 30, 2021 43.92%
Dec 31, 2020 45.27%