Equus Total Return (EQS) Gross Margin (2023 - 2025)
Equus Total Return's (EQS) quarterly Gross Margin came in at 78.15% in Q4 2025, down 1550.0% YoY from 5.39% in Q4 2024, and down 13.86% on a QoQ basis from 90.73% in Q3 2025.
Equus Total Return (EQS) Gross Margin (2023 - 2025) Analysis & Trends
Equus Total Return (EQS) has 3 years of Gross Margin data on file, last reported at 78.15% in Q4 2025.
- Quarterly Gross Margin fell 1550.0% year-over-year to 78.15% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 89.65% (up 40421.0% YoY) and the FY2025 annual result came in at 87.18%, down 285.0% from the prior year.
- Gross Margin slipped to 78.15% in Q4 2025, from 90.73% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 96.75% in Q1 2025 to a low of 266.67% in Q1 2023.
- A 3-year average of 37.45% and a median of 90.73% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 34370 bps — and 2025, when it sank 1550 bps.
- Tracing EQS's Gross Margin over 3 years: stood at 266.67% in 2023, then surged by 135 bps to 93.66% in 2024, then dropped by 17 bps to 78.15% in 2025.
- The last three Gross Margin figures came in at 78.15% (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 | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 94.50% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 94.14% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Equus Total Return | 14.87 Mn | 11.74 Mn | 279,000.00 | 78.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.15% |
| Sep 30, 2025 | 90.73% |
| Mar 31, 2025 | 96.75% |
| Dec 31, 2024 | 93.66% |
| Sep 30, 2024 | 92.51% |
| Mar 31, 2024 | 77.03% |
| Mar 31, 2023 | -266.67% |