Carlyle Secured Lending (CGBD) Net Margin (2021 - 2026)
Carlyle Secured Lending (CGBD) posted Net Margin of 6.58% for Q1 2026, down 125.34% sequentially from 25.98% in Q4 2025, and down 3069.0% YoY from 0.22% in Q1 2025.
Carlyle Secured Lending (CGBD) Net Margin (2021 - 2026) Analysis & Trends
Carlyle Secured Lending has reported Net Margin for 6 years, with the latest figure at 6.58% in Q1 2026.
- Quarterly Net Margin fell 3069.0% year-over-year to 6.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.53% (down 1166.0% YoY) and the FY2025 annual result came in at 27.06%, down 969.0% from the prior year.
- Net Margin declined to 6.58% in Q1 2026 per CGBD's latest filing, from 25.98% in the prior quarter.
- Over five years, Net Margin peaked at 62.74% in Q1 2022 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 5457 bps in 2022, then jumped 2514 bps in 2023.
- Over 5 years, Net Margin stood at 20.67% in 2022, then jumped by 122 bps to 45.81% in 2023, then dropped by 21 bps to 36.35% in 2024, then decreased by 29 bps to 25.98% in 2025, then tumbled by 125 bps to 6.58% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 6.58%, 25.98%, and 35.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 27.15% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 46.71% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 11.53% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 51.57% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 22.20% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 13.64% |
| 10 | Carlyle Secured Lending | 790.00 Mn | 741.15 Mn | - | -0.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.10% |
| 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% |