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

Carlyle Secured Lending has disclosed Net Margin across 6 years of filings, most recently posting 6.58% for Q1 2026.

• Net Margin for Q1 2026 came in at 6.58%, down 3069.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.53% (down 1166.0% YoY), and the FY2025 annual result was 27.06%, down 969.0% from the prior year.
• Net Margin came in at 6.58% for Q1 2026 at Carlyle Secured Lending, down 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.
• The 5-year median for Net Margin is 33.48% (2024), against an average of 32.27%.
• Across the five-year window, Net Margin tumbled 5457 bps in 2022 and surged 2514 bps in 2023, its largest moves.
• Carlyle Secured Lending's Net Margin stood at 20.67% in 2022, then surged by 122 bps to 45.81% in 2023, then decreased by 21 bps to 36.35% in 2024, then fell by 29 bps to 25.98% in 2025, then tumbled by 125 bps to 6.58% in 2026.
• The last three Net Margin figures came in at 6.58% (Q1 2026), 25.98% (Q4 2025), and 35.94% (Q3 2025), per Business Quant data.