Carlyle Secured Lending (CGBD) FCF Margin (2021 - 2026)

Carlyle Secured Lending's (CGBD) quarterly FCF Margin came in at 331.45% in Q1 2026, up 6570.0% year-on-year from 4.97% in Q1 2025, and up 244.72% quarter-over-quarter from 229.03% in Q4 2025.

Carlyle Secured Lending (CGBD) FCF Margin (2021 - 2026) Analysis & Trends

Carlyle Secured Lending has disclosed FCF Margin across 6 years of filings, most recently posting 331.45% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 331.45%, up 6570.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 52.11% (down 12710.0% YoY), and the FY2025 annual result was 80.04%, down 12487.0% from the prior year.
  • FCF Margin came in at 331.45% for Q1 2026 at Carlyle Secured Lending, up from 229.03% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 331.45% in Q1 2026 to a low of 343.22% in Q2 2025.
  • The 5-year median for FCF Margin is 94.61% (2023), against an average of 36.45%.
  • Across the five-year window, FCF Margin surged 35180 bps in 2023 and tumbled 46593 bps in 2025, its largest moves.
  • Carlyle Secured Lending's FCF Margin stood at 35.68% in 2022, then surged by 350 bps to 89.03% in 2023, then tumbled by 321 bps to 197.2% in 2024, then retreated by 16 bps to 229.03% in 2025, then soared by 245 bps to 331.45% in 2026.
  • The last three FCF Margin figures came in at 331.45% (Q1 2026), 229.03% (Q4 2025), and 50.84% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -16.21%
2 Blackstone 96.85 Bn 95.80 Bn - 26.47%
3 Kkr 86.45 Bn 133.96 Bn - 39.82%
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 32.02%
5 State Street 46.95 Bn 21.27 Bn - -327.00%
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 8.80%
7 Northern Trust 31.92 Bn 31.92 Bn - -24.56%
8 Raymond James Financial 30.62 Bn 19.37 Bn - 24.73%
9 Ares Management 29.04 Bn 32.41 Bn - 27.99%
10 Carlyle Secured Lending 775.73 Mn 678.49 Mn - 331.45%

Historic Data

Download Data
DateValue
Mar 31, 2026 331.45%
Dec 31, 2025 -229.03%
Sep 30, 2025 50.84%
Jun 30, 2025 -343.22%
Mar 31, 2025 265.75%
Dec 31, 2024 -197.20%
Sep 30, 2024 112.38%
Jun 30, 2024 122.71%
Mar 31, 2024 130.64%
Dec 31, 2023 89.03%
Sep 30, 2023 94.61%
Jun 30, 2023 153.17%
Mar 31, 2023 43.78%
Dec 31, 2022 -35.68%
Sep 30, 2022 122.13%
Jun 30, 2022 -198.63%
Mar 31, 2022 106.93%
Dec 31, 2021 213.70%