FS KKR Capital (FSK) Net Margin (2021 - 2025)
FS KKR Capital's (FSK) quarterly Net Margin came in at 7.18% in Q4 2025, down 633.0% year-over-year from 1.35% in Q4 2024, and down 37.68% quarter-over-quarter from 11.53% in Q3 2025.
Powered by 
Analysis
FS KKR Capital (FSK) Net Margin (2021 - 2025) Analysis & Trends
FS KKR Capital (FSK) has reported Net Margin for 5 consecutive years, with 7.18% the latest figure, recorded in Q4 2025.
- On a quarterly basis, Net Margin fell 633.0% year-over-year to 7.18% in Q4 2025; TTM through Dec 2025 was 14.48%, a 591.0% decrease from a year earlier, with the FY2025 full-year figure at 12.51%, down 771.0% from the prior year.
- Net Margin was 7.18% for Q4 2025 at FS KKR Capital, down from 11.53% in the prior quarter.
- Over five years, Net Margin peaked at 36.39% in Q3 2021 and troughed at 7.18% in Q4 2025.
- A 5-year average of 22.12% and a median of 23.58% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 317 bps in 2024 and slumped 1047 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 31.87% in 2021, then dropped by 18 bps to 26.06% in 2022, then decreased by 30 bps to 18.34% in 2023, then dropped by 26 bps to 13.51% in 2024, then sank by 47 bps to 7.18% in 2025.
- The last three Net Margin figures came in at 7.18% (Q4 2025), 11.53% (Q3 2025), and 13.51% (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | -29.16% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 7.18% |
| Sep 30, 2025 | 11.53% |
| Dec 31, 2024 | 13.51% |
| Sep 30, 2024 | 22.00% |
| Dec 31, 2023 | 18.34% |
| Sep 30, 2023 | 25.16% |
| Dec 31, 2022 | 26.06% |
| Sep 30, 2022 | 29.20% |
| Dec 31, 2021 | 31.87% |
| Sep 30, 2021 | 36.39% |