Equus Total Return (EQS) Operating Margin (2023 - 2025)

Equus Total Return has reported Operating Margin for 3 years, with the latest figure at 100.0% in Q4 2025.

• For the quarter ending Q4 2025, Operating Margin rose 153.0% year-over-year to 100.0%; the trailing twelve-month figure through Dec 2025 stood at 99.55% (up 170933.0% YoY), and the FY2025 full-year result was 99.93%, up 220.0% from the prior year.
• Operating Margin for Q4 2025 stood at 100.0%, roughly flat from 100.0% in the prior quarter.
• The five-year high for Operating Margin was 100.0% in Q1 2024, with the low at 18883.33% in Q1 2023.
• Historically, Operating Margin has averaged 2320.79% across 3 years, with a median of 99.09% in 2024.
• Annual changes were most pronounced in 2024 — Operating Margin surged 1898333 bps — and 2025, when it slipped 30 bps.
• Equus Total Return's Operating Margin stood at 277.58% in 2023, then jumped by 135 bps to 98.47% in 2024, then grew by 2 bps to 100.0% in 2025.
• The last three Operating Margin figures came in at 100.0% (Q4 2025), 100.0% (Q3 2025), and 99.7% (Q1 2025), per Business Quant data.