Equus Total Return (EQS) Operating Margin (2023 - 2025)
Equus Total Return's (EQS) quarterly Operating Margin came in at 100.0% in Q4 2025, up 302.0% on a YoY basis from 24.88% in Q4 2024, and little changed quarter-over-quarter from 100.0% in Q3 2025.
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Analysis
Equus Total Return (EQS) Operating Margin (2023 - 2025) Analysis & Trends
Equus Total Return (EQS) has reported Operating Margin for 3 consecutive years, with 100.0% the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 302.0% year-over-year to 100.0%; the trailing twelve-month figure through Dec 2025 stood at 99.2% (up 173982.0% YoY), and the FY2025 full-year result was 99.93%, up 220.0% from the prior year.
- Operating Margin was little changed at 100.0% in Q4 2025 per EQS's latest filing, from 100.0% in the prior quarter.
- Across five years, Operating Margin topped out at 100.0% in Q1 2024 and bottomed at 18883.33% in Q1 2023.
- Historically, Operating Margin has averaged 2320.98% across 3 years, with a median of 98.34% in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Margin soared 1898333 bps in 2024, then dropped 30 bps in 2025.
- Over 3 years, Operating Margin stood at 277.58% in 2023, then jumped by 135 bps to 96.98% in 2024, then advanced by 3 bps to 100.0% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 100.0%, 100.0%, and 99.7% for Q4 2025, Q3 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 47.79% |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 55.61% |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 44.07% |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 62.71% |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 41.14% |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 62.31% |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 45.39% |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 8.79% |
| 10 | Equus Total Return | 14.11 Mn | 11.23 Mn | 279,000.00 | 100.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 100.00% |
| Sep 30, 2025 | 100.00% |
| Mar 31, 2025 | 99.70% |
| Dec 31, 2024 | 96.98% |
| Sep 30, 2024 | 96.41% |
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | -277.58% |
| Mar 31, 2023 | -18,883.33% |