Blue Owl Capital (OBDC) Net Margin (2021 - 2026)
Blue Owl Capital (OBDC) posted Net Margin of 13.25% for Q2 2026, up 111.57% on a QoQ basis from 6.26% in Q1 2026, and down 15.0% year-over-year from 15.59% in Q2 2025.
Analysis
Blue Owl Capital (OBDC) Net Margin (2021 - 2026) Analysis & Trends
Blue Owl Capital has reported Net Margin for 6 years, with the latest figure at 13.25% in Q2 2026.
- On a quarterly basis, Net Margin fell 15.0% year-over-year to 13.25% in Q2 2026; TTM through Jun 2026 was 9.7%, a 460.0% decrease from a year earlier, with the FY2025 full-year figure at 11.05%, down 624.0% from the prior year.
- Net Margin was 13.25% for Q2 2026 at Blue Owl Capital, up from 6.26% in the prior quarter.
- The five-year high for Net Margin was 23.08% in Q1 2022, with the low at 6.26% in Q1 2026.
- Average Net Margin over 5 years is 16.47%, with a median of 17.98% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 911 bps in 2022, then jumped 268 bps in 2023.
- Over 5 years, Net Margin stood at 18.51% in 2022, then climbed by 15 bps to 21.19% in 2023, then slipped by 18 bps to 17.46% in 2024, then slumped by 39 bps to 10.64% in 2025, then gained by 25 bps to 13.25% in 2026.
- The last three Net Margin figures came in at 13.25% (Q2 2026), 6.26% (Q1 2026), and 10.64% (Q4 2025), 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 |
|---|---|
| Jun 30, 2026 | 13.25% |
| Mar 31, 2026 | 6.26% |
| Dec 31, 2025 | 10.64% |
| Sep 30, 2025 | 8.62% |
| Jun 30, 2025 | 13.40% |
| Mar 31, 2025 | 11.36% |
| Dec 31, 2024 | 17.46% |
| Sep 30, 2024 | 15.66% |
| Jun 30, 2024 | 20.17% |
| Mar 31, 2024 | 15.93% |
| Dec 31, 2023 | 21.19% |
| Sep 30, 2023 | 19.95% |
| Jun 30, 2023 | 19.44% |
| Mar 31, 2023 | 19.57% |
| Dec 31, 2022 | 18.51% |
| Sep 30, 2022 | 20.88% |
| Jun 30, 2022 | 21.14% |
| Mar 31, 2022 | 23.08% |
| Dec 31, 2021 | 27.61% |
| Sep 30, 2021 | 27.48% |