Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026)
Carlyle Secured Lending (CGBD) posted EBITDA Margin of 40.02% for Q1 2026, up 19.17% sequentially from 33.58% in Q4 2025, and down 63.0% YoY from 108.16% in Q1 2025.
Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026) Analysis & Trends
Carlyle Secured Lending has reported EBITDA Margin for 6 years, with the latest figure at 40.02% in Q1 2026.
- Quarterly EBITDA Margin fell 63.0% year-over-year to 40.02% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.17% (down 399.0% YoY) and the FY2025 annual result came in at 39.42%, down 583.0% from the prior year.
- EBITDA Margin advanced to 40.02% in Q1 2026 per CGBD's latest filing, from 33.58% in the prior quarter.
- Over five years, EBITDA Margin peaked at 53.71% in Q1 2022 and troughed at 33.58% in Q4 2025.
- A 5-year average of 45.11% and a median of 45.8% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin surged 331 bps in 2023, then sank 1042 bps in 2024.
- Over 5 years, EBITDA Margin stood at 47.03% in 2022, then advanced by 7 bps to 50.33% in 2023, then declined by 21 bps to 39.91% in 2024, then decreased by 16 bps to 33.58% in 2025, then grew by 19 bps to 40.02% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 40.02%, 33.58%, and 41.11% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 34.74% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 58.55% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 35.61% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 79.12% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 47.97% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 83.30% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 24.36% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 191.07% |
| 10 | Carlyle Secured Lending | 787.57 Mn | 738.71 Mn | - | 39.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.75% |
| Mar 31, 2026 | 40.02% |
| Dec 31, 2025 | 33.58% |
| Sep 30, 2025 | 41.11% |
| Jun 30, 2025 | 41.99% |
| Mar 31, 2025 | 40.66% |
| Dec 31, 2024 | 39.91% |
| Sep 30, 2024 | 45.80% |
| Jun 30, 2024 | 46.12% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 50.33% |
| Sep 30, 2023 | 46.22% |
| Jun 30, 2023 | 45.24% |
| Mar 31, 2023 | 45.52% |
| Dec 31, 2022 | 47.03% |
| Sep 30, 2022 | 53.43% |
| Jun 30, 2022 | 49.07% |
| Mar 31, 2022 | 53.71% |
| Dec 31, 2021 | 51.05% |
| Sep 30, 2021 | 50.47% |