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| Date | Value |
|---|---|
| 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% |