Chicago Atlantic BDC (LIEN) Net Margin (2022 - 2025)
Chicago Atlantic BDC (LIEN) reported Net Margin of 62.32% for Q4 2025, down 86.0% year-over-year from 445.15% in Q4 2024, and up 2.62% on a QoQ basis from 60.73% in Q3 2025.
Chicago Atlantic BDC (LIEN) has 4 years of Net Margin data on file, last reported at 62.32% in Q4 2025.
- Quarterly Net Margin fell 86.0% year-over-year to 62.32% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 60.56% (up 1694.0% YoY) and the FY2025 annual result came in at 60.56%, up 1694.0% from the prior year.
- Net Margin climbed to 62.32% in Q4 2025 per LIEN's latest filing, from 60.73% in the prior quarter.
- Across five years, Net Margin topped out at 91.32% in Q4 2022 and bottomed at 2.89% in Q1 2024.
- The 4-year median for Net Margin is 55.86% (2023), against an average of 49.03%.
- The widest annual swing landed in 2024, when Net Margin slumped 5498 bps; it then soared 6582 bps in 2025.
- Tracing LIEN's Net Margin over 4 years: stood at 91.32% in 2022, then slumped by 48 bps to 47.53% in 2023, then soared by 33 bps to 63.18% in 2024, then decreased by 1 bps to 62.32% in 2025.
- Per Business Quant, the three latest LIEN Net Margin figures stand at 62.32% (Q4 2025), 60.73% (Q3 2025), and 56.29% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Chicago Atlantic BDC | 226.72 Mn | 223.82 Mn | 14.07 Mn | 62.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 62.32% |
| Sep 30, 2025 | 60.73% |
| Jun 30, 2025 | 56.29% |
| Mar 31, 2025 | 62.93% |
| Dec 31, 2024 | 63.18% |
| Sep 30, 2024 | 0.46% |
| Jun 30, 2024 | 49.51% |
| Mar 31, 2024 | -2.89% |
| Dec 31, 2023 | 47.53% |
| Sep 30, 2023 | 55.43% |
| Jun 30, 2023 | 65.64% |
| Dec 31, 2022 | 91.32% |
| Sep 30, 2022 | 46.62% |
| Jun 30, 2022 | 27.33% |