Equus Total Return (EQS) Gross Margin (2023 - 2025)
Equus Total Return (EQS) reported Gross Margin of 75.78% for Q4 2025, down 1778.0% on a YoY basis from 4.52% in Q4 2024, and down 16.48% quarter-over-quarter from 90.73% in Q3 2025.
Equus Total Return (EQS) Gross Margin (2023 - 2025) Analysis & Trends
Equus Total Return has reported Gross Margin for 3 years, with the latest figure at 75.78% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 1778.0% year-over-year to 75.78%; the trailing twelve-month figure through Dec 2025 stood at 89.34% (up 39611.0% YoY), and the FY2025 full-year result was 87.18%, down 285.0% from the prior year.
- Gross Margin for Q4 2025 stood at 75.78%, down from 90.73% in the prior quarter.
- The five-year high for Gross Margin was 96.75% in Q1 2025, with the low at 266.67% in Q1 2023.
- Historically, Gross Margin has averaged 37.1% across 3 years, with a median of 90.73% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin surged 34370 bps — and 2025, when it sank 1778 bps.
- Equus Total Return's Gross Margin stood at 266.67% in 2023, then surged by 135 bps to 93.56% in 2024, then fell by 19 bps to 75.78% in 2025.
- The last three Gross Margin figures came in at 75.78% (Q4 2025), 90.73% (Q3 2025), and 96.75% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 99.70% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Equus Total Return | 16.72 Mn | 6.12 Mn | 244,000.00 | 75.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 75.78% |
| Sep 30, 2025 | 90.73% |
| Mar 31, 2025 | 96.75% |
| Dec 31, 2024 | 93.56% |
| Sep 30, 2024 | 92.51% |
| Mar 31, 2024 | 77.03% |
| Mar 31, 2023 | -266.67% |