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

Equus Total Return's Operating Margin history runs 3 years deep, the most recent figure standing at 100.0% for Q4 2025.

• Quarterly Operating Margin rose 302.0% year-over-year to 100.0% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 99.2% (down 216640.0% YoY) and the FY2025 annual result came in at 99.93%, up 220.0% from the prior year.
• Operating Margin was 100.0% for Q4 2025 at Equus Total Return, roughly flat 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.
• A 3-year average of 2341.55% and a median of 98.34% in 2024 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2024 — Operating Margin surged 1898333 bps — and 2025, when it fell 30 bps.
• Equus Total Return's Operating Margin stood at 442.16% in 2023, then surged by 122 bps to 96.98% in 2024, then advanced by 3 bps to 100.0% in 2025.
• Business Quant data shows EQS's Operating Margin at 100.0% in Q4 2025, 100.0% in Q3 2025, and 99.7% in Q1 2025.