Blue Owl Technology Finance (OTF) Operating Margin (2022 - 2026)
Blue Owl Technology Finance's (OTF) quarterly Operating Margin came in at 41.14% in Q2 2026, down 911.0% year-over-year from 5.07% in Q2 2025, and down 22.3% quarter-over-quarter from 52.95% in Q1 2026.
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Blue Owl Technology Finance (OTF) Operating Margin (2022 - 2026) Analysis & Trends
Blue Owl Technology Finance (OTF) has reported Operating Margin for 5 consecutive years, with 41.14% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 911.0% year-over-year to 41.14% in Q2 2026; TTM through Jun 2026 was 34.06%, a 1912.0% decrease from a year earlier, with the FY2025 full-year figure at 45.36%, down 1101.0% from the prior year.
- Operating Margin was 41.14% for Q2 2026 at Blue Owl Technology Finance, down from 52.95% in the prior quarter.
- Over five years, Operating Margin peaked at 65.93% in Q2 2022 and troughed at 0.16% in Q4 2025.
- A 5-year average of 50.87% and a median of 54.2% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 1019 bps in 2023 and sank 5403 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 54.21% in 2022, then increased by 4 bps to 56.37% in 2023, then dropped by 4 bps to 54.19% in 2024, then sank by 100 bps to 0.16% in 2025, then surged by 25709 bps to 41.14% in 2026.
- The last three Operating Margin figures came in at 41.14% (Q2 2026), 52.95% (Q1 2026), and 0.16% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 47.79% |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 55.61% |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 44.07% |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 62.71% |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 41.14% |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 62.31% |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 45.39% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 8.79% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 48.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.14% |
| Mar 31, 2026 | 52.95% |
| Dec 31, 2025 | 0.16% |
| Sep 30, 2025 | 41.23% |
| Jun 30, 2025 | 50.25% |
| Mar 31, 2025 | 55.07% |
| Dec 31, 2024 | 54.19% |
| Sep 30, 2024 | 55.65% |
| Jun 30, 2024 | 59.85% |
| Mar 31, 2024 | 55.68% |
| Dec 31, 2023 | 56.37% |
| Sep 30, 2023 | 57.60% |
| Jun 30, 2023 | 52.89% |
| Mar 31, 2023 | 52.44% |
| Dec 31, 2022 | 54.21% |
| Sep 30, 2022 | 47.41% |
| Jun 30, 2022 | 65.93% |
| Mar 31, 2022 | 62.71% |