Horizon Technology Finance (HRZN) Net Margin (2021 - 2026)
Horizon Technology Finance (HRZN) posted quarterly Net Margin of 2.64% for Q1 2026, down 413.0% year-over-year from 0.84% in Q1 2025, and down 78.73% quarter-over-quarter from 12.4% in Q4 2025.
Horizon Technology Finance (HRZN) Net Margin (2021 - 2026) Analysis & Trends
Horizon Technology Finance (HRZN) has reported Net Margin for 6 consecutive years, with 2.64% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 413.0% year-over-year to 2.64%; the TTM figure through Mar 2026 stood at 9.27% (down 141.0% YoY), while the FY2025 annual figure was 11.53%, down 254.0% from the prior year.
- Net Margin declined to 2.64% in Q1 2026 per HRZN's latest filing, from 12.4% in the prior quarter.
- Across five years, Net Margin topped out at 118.8% in Q2 2022 and bottomed at 2.64% in Q1 2026.
- Historically, Net Margin has averaged 37.44% across 5 years, with a median of 20.36% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin plunged 805511 bps — and 2024, when it surged 9030 bps.
- Horizon Technology Finance's Net Margin stood at 46.4% in 2022, then retreated by 29 bps to 32.97% in 2023, then sank by 91 bps to 2.94% in 2024, then soared by 321 bps to 12.4% in 2025, then slumped by 79 bps to 2.64% in 2026.
- Business Quant data shows HRZN's Net Margin at 2.64% in Q1 2026, 12.4% in Q4 2025, and 11.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.80 Bn | 164.93 Bn | - | 27.15% |
| 2 | Blackstone | 114.74 Bn | 112.23 Bn | - | 46.71% |
| 3 | Kkr | 97.20 Bn | -179.87 Bn | - | 11.53% |
| 4 | Brookfield | 93.46 Bn | 46.05 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 83.65 Bn | 82.15 Bn | - | 51.57% |
| 6 | Apollo Global Management | 78.31 Bn | 52.94 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 51.47 Bn | 51.47 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 51.22 Bn | 40.17 Bn | 4.72 Bn | 22.20% |
| 9 | Northern Trust | 34.01 Bn | 34.01 Bn | - | 58.35% |
| 10 | Horizon Technology Finance | 307.00 Mn | 307.00 Mn | - | -0.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.64% |
| Dec 31, 2025 | 12.40% |
| Sep 30, 2025 | 11.85% |
| Jun 30, 2025 | 10.40% |
| Mar 31, 2025 | 6.77% |
| Dec 31, 2024 | 2.94% |
| Sep 30, 2024 | 15.84% |
| Jun 30, 2024 | 16.58% |
| Mar 31, 2024 | 110.65% |
| Dec 31, 2023 | 32.97% |
| Sep 30, 2023 | 35.17% |
| Jun 30, 2023 | 31.00% |
| Mar 31, 2023 | 20.36% |
| Dec 31, 2022 | 46.40% |
| Sep 30, 2022 | 47.89% |
| Jun 30, 2022 | 118.80% |
| Mar 31, 2022 | 113.76% |
| Dec 31, 2021 | 13.85% |
| Sep 30, 2021 | 8,103.00% |