FS KKR Capital (FSK) Operating Margin (2021 - 2025)
FS KKR Capital (FSK) reported Operating Margin of 43.97% for Q4 2025, down 370.0% year-over-year from 16.28% in Q4 2024, and up 0.61% quarter-over-quarter from 43.7% in Q3 2025.
FS KKR Capital (FSK) Operating Margin (2021 - 2025) Analysis & Trends
FS KKR Capital (FSK) has 5 years of Operating Margin data on file, last reported at 43.97% in Q4 2025.
- Operating Margin for Q4 2025 came in at 43.97%, down 370.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 47.73% (down 253.0% YoY), and the FY2025 annual result was 44.5%, down 407.0% from the prior year.
- Operating Margin rose to 43.97% in Q4 2025 per FSK's latest filing, from 43.7% in the prior quarter.
- Over five years, Operating Margin peaked at 55.83% in Q3 2021 and troughed at 43.7% in Q3 2025.
- A 5-year average of 50.23% and a median of 49.99% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin sank 88 bps in 2022, then slumped 505 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 55.22% in 2021, then fell by 2 bps to 54.34% in 2022, then decreased by 9 bps to 49.66% in 2023, then decreased by 4 bps to 47.67% in 2024, then fell by 8 bps to 43.97% in 2025.
- Business Quant data shows FSK's Operating Margin at 43.97% in Q4 2025, 43.7% in Q3 2025, and 47.67% in Q4 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 42.01% |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 46.06% |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | FS KKR Capital | 3.10 Bn | 2.98 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 43.97% |
| Sep 30, 2025 | 43.70% |
| Dec 31, 2024 | 47.67% |
| Sep 30, 2024 | 48.75% |
| Dec 31, 2023 | 49.66% |
| Sep 30, 2023 | 50.32% |
| Dec 31, 2022 | 54.34% |
| Sep 30, 2022 | 52.80% |
| Dec 31, 2021 | 55.22% |
| Sep 30, 2021 | 55.83% |