Growth Metrics

FS Specialty Lending Fund (FSEN) Net Margin (2022 - 2025)

FS Specialty Lending Fund's Net Margin history spans 4 years, with the latest figure at 37.2% for Q2 2025.

  • For Q2 2025, Net Margin fell 99.0% year-over-year to 37.2%; the TTM value through Jun 2025 reached 38.97%, down 954.0%, while the annual FY2024 figure was 44.23%, 767.0% up from the prior year.
  • Net Margin reached 37.2% in Q2 2025 per FSEN's latest filing, roughly flat from 37.17% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 53.91% in Q1 2024 to a low of 5.69% in Q3 2022.
  • Average Net Margin over 4 years is 34.78%, with a median of 38.59% recorded in 2024.
  • Peak YoY movement for Net Margin: skyrocketed 5818bps in 2023, then tumbled -1674bps in 2025.
  • A 4-year view of Net Margin shows it stood at 24.07% in 2022, then surged by 104bps to 49.07% in 2023, then dropped by -19bps to 39.93% in 2024, then dropped by -7bps to 37.2% in 2025.
  • Per Business Quant, the three most recent readings for FSEN's Net Margin are 37.2% (Q2 2025), 37.17% (Q1 2025), and 39.93% (Q4 2024).