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
DateValue
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%