Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026)
Carlyle Secured Lending's (CGBD) quarterly EBITDA Margin came in at 40.02% in Q1 2026, down 63.0% year-on-year from 108.16% in Q1 2025, and up 9.85% quarter-over-quarter from 36.43% in Q4 2025.
Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026) Analysis & Trends
Carlyle Secured Lending has disclosed EBITDA Margin across 6 years of filings, most recently posting 40.02% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 40.02%, down 63.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 40.03% (down 478.0% YoY), and the FY2025 annual result was 40.17%, down 626.0% from the prior year.
- EBITDA Margin came in at 40.02% for Q1 2026 at Carlyle Secured Lending, up from 36.43% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 54.46% in Q1 2022 to a low of 36.43% in Q4 2025.
- The 5-year median for EBITDA Margin is 46.32% (2023), against an average of 45.69%.
- Across the five-year window, EBITDA Margin jumped 259 bps in 2022 and slumped 833 bps in 2025, its largest moves.
- Carlyle Secured Lending's EBITDA Margin stood at 47.03% in 2022, then gained by 0 bps to 47.1% in 2023, then decreased by 5 bps to 44.77% in 2024, then decreased by 19 bps to 36.43% in 2025, then increased by 10 bps to 40.02% in 2026.
- The last three EBITDA Margin figures came in at 40.02% (Q1 2026), 36.43% (Q4 2025), and 41.11% (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 | Carlyle Secured Lending | 775.73 Mn | 678.49 Mn | - | 40.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.02% |
| Dec 31, 2025 | 36.43% |
| Sep 30, 2025 | 41.11% |
| Jun 30, 2025 | 42.55% |
| Mar 31, 2025 | 40.66% |
| Dec 31, 2024 | 44.77% |
| Sep 30, 2024 | 45.80% |
| Jun 30, 2024 | 47.80% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 47.10% |
| Sep 30, 2023 | 46.22% |
| Jun 30, 2023 | 46.32% |
| Mar 31, 2023 | 46.41% |
| Dec 31, 2022 | 47.03% |
| Sep 30, 2022 | 53.43% |
| Jun 30, 2022 | 49.47% |
| Mar 31, 2022 | 54.46% |
| Dec 31, 2021 | 51.86% |
| Sep 30, 2021 | 50.84% |