Carlyle Secured Lending (CGBD) Net Margin (2021 - 2026)
Carlyle Secured Lending recorded quarterly Net Margin of 6.58% in Q1 2026, down 125.34% quarter-over-quarter from 25.98% in Q4 2025, and down 3069.0% year-over-year from 0.22% in Q1 2025.
Carlyle Secured Lending's Net Margin history runs 6 years deep, the most recent figure standing at 6.58% for Q1 2026.
- In Q1 2026, Net Margin fell 3069.0% year-over-year to 6.58%; the TTM figure through Mar 2026 stood at 19.53% (down 1166.0% YoY), while the FY2025 annual figure 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.
- 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 slumped 5457 bps in 2022 and soared 2514 bps in 2023, its largest moves.
- Carlyle Secured Lending's Net Margin stood at 20.67% in 2022, then soared by 122 bps to 45.81% in 2023, then slipped by 21 bps to 36.35% in 2024, then retreated by 29 bps to 25.98% in 2025, then slumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Carlyle Secured Lending | 780.70 Mn | 683.46 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% |