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
DateValue
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%