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

Carlyle Secured Lending (CGBD) reported Net Margin of 6.58% for Q1 2026, down 3069.0% on a YoY basis from 0.22% in Q1 2025, and down 125.34% sequentially from 25.98% in Q4 2025.

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

Carlyle Secured Lending (CGBD) has 6 years of Net Margin data on file, last reported at 6.58% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 3069.0% year-over-year to 6.58%; the trailing twelve-month figure through Mar 2026 stood at 19.53% (down 1166.0% YoY), and the FY2025 full-year result was 27.06%, down 969.0% from the prior year.
  • Net Margin declined to 6.58% in Q1 2026, from 25.98% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 62.74% in Q1 2022 to a low of 6.58% in Q1 2026.
  • A 5-year average of 32.27% and a median of 33.48% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin sank 5457 bps in 2022 and surged 2514 bps in 2023, its largest moves.
  • Tracing CGBD's Net Margin over 5 years: stood at 20.67% in 2022, then jumped by 122 bps to 45.81% in 2023, then retreated by 21 bps to 36.35% in 2024, then declined by 29 bps to 25.98% in 2025, then plunged by 125 bps to 6.58% in 2026.
  • Business Quant data shows CGBD's Net Margin at 6.58% in Q1 2026, 25.98% in Q4 2025, and 35.94% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn 0.55%
2 BlackRock 161.01 Bn 148.08 Bn - 32.99%
3 Blackstone 97.77 Bn 96.72 Bn - 34.77%
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -889.40%
5 State Street 51.30 Bn 51.30 Bn - 18.57%
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 18.73%
7 Northern Trust 32.93 Bn 32.93 Bn - 37.97%
8 Raymond James Financial 32.59 Bn 17.67 Bn - 14.05%
9 Price T Rowe 24.70 Bn 21.13 Bn - 26.07%
10 Carlyle Secured Lending 709.79 Mn 612.55 Mn - -6.58%

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.58%
Dec 31, 2025 25.98%
Sep 30, 2025 35.94%
Jun 30, 2025 21.74%
Mar 31, 2025 24.11%
Dec 31, 2024 36.35%
Sep 30, 2024 33.48%
Jun 30, 2024 30.67%
Mar 31, 2024 45.78%
Dec 31, 2023 45.81%
Sep 30, 2023 48.12%
Jun 30, 2023 6.39%
Mar 31, 2023 46.44%
Dec 31, 2022 20.67%
Sep 30, 2022 62.48%
Jun 30, 2022 8.50%
Mar 31, 2022 62.74%
Dec 31, 2021 75.24%
Sep 30, 2021 106.82%