Saratoga Investment (SAJ) EBITDA Margin (2023 - 2026)
Saratoga Investment's (SAJ) quarterly EBITDA Margin came in at 29.2% in Q2 2026, down 1063.0% year-over-year from 3.03% in Q2 2025, and down 11.91% quarter-over-quarter from 33.15% in Q1 2026.
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Saratoga Investment (SAJ) EBITDA Margin (2023 - 2026) Analysis & Trends
Saratoga Investment has disclosed EBITDA Margin across 4 years of filings, most recently posting 29.2% for Q2 2026.
- In Q2 2026, EBITDA Margin fell 1063.0% year-over-year to 29.2%; the TTM figure through May 2026 stood at 35.46% (up 482.0% YoY), while the FY2026 annual figure was 38.32%, down 605.0% from the prior year.
- EBITDA Margin came in at 29.2% for Q2 2026 at Saratoga Investment, down from 33.15% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 50.94% in Q3 2024 to a low of 29.2% in Q2 2026.
- Average EBITDA Margin over 4 years is 40.43%, with a median of 40.85% recorded in 2025.
- Year-over-year, EBITDA Margin slumped 1262 bps in 2025 and retreated 1 bps in 2026.
- Over 4 years, EBITDA Margin stood at 49.29% in 2023, then climbed by 3 bps to 50.94% in 2024, then retreated by 18 bps to 41.87% in 2025, then sank by 30 bps to 29.2% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 29.2% in Q2 2026, 33.15% in Q1 2026, and 41.87% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 47.79% |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 55.61% |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 44.07% |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 62.71% |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 41.14% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 62.31% |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 45.39% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 8.79% |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | 29.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 29.20% |
| Feb 28, 2026 | 33.15% |
| Nov 30, 2025 | 41.87% |
| Aug 31, 2025 | 38.32% |
| May 31, 2025 | 39.83% |
| Feb 28, 2025 | 33.16% |
| Aug 31, 2024 | 50.94% |
| May 31, 2024 | 45.91% |
| Feb 29, 2024 | 42.64% |
| Nov 30, 2023 | 49.29% |