Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026)
Carlyle Secured Lending (CGBD) reported EBITDA Margin of 40.02% for Q1 2026, down 63.0% on a YoY basis from 108.16% in Q1 2025, and up 19.17% sequentially from 33.58% in Q4 2025.
Carlyle Secured Lending (CGBD) EBITDA Margin (2021 - 2026) Analysis & Trends
Carlyle Secured Lending (CGBD) has 6 years of EBITDA Margin data on file, last reported at 40.02% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 63.0% year-over-year to 40.02%; the trailing twelve-month figure through Mar 2026 stood at 39.17% (down 399.0% YoY), and the FY2025 full-year result was 39.42%, down 583.0% from the prior year.
- EBITDA Margin advanced to 40.02% in Q1 2026, from 33.58% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 53.71% in Q1 2022 to a low of 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.
- Across the five-year window, EBITDA Margin soared 331 bps in 2023 and tumbled 1042 bps in 2024, its largest moves.
- Tracing CGBD's EBITDA Margin over 5 years: stood at 47.03% in 2022, then increased by 7 bps to 50.33% in 2023, then decreased by 21 bps to 39.91% in 2024, then declined by 16 bps to 33.58% in 2025, then gained by 19 bps to 40.02% in 2026.
- Business Quant data shows CGBD's EBITDA Margin at 40.02% in Q1 2026, 33.58% in Q4 2025, and 41.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | - | 44.01% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 24.88% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 72.52% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 170.02% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 31.56% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 36.65% |
| 10 | Carlyle Secured Lending | 709.79 Mn | 612.55 Mn | - | 40.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |