Saratoga Investment (SAJ) Net Margin (2023 - 2026)
Saratoga Investment's (SAJ) quarterly Net Margin came in at 95.12% in Q2 2026, down 2251.0% year-over-year from 4.42% in Q2 2025, and up 122.52% quarter-over-quarter from 422.4% in Q1 2026.
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Saratoga Investment (SAJ) Net Margin (2023 - 2026) Analysis & Trends
Saratoga Investment has disclosed Net Margin across 4 years of filings, most recently posting 95.12% for Q2 2026.
- In Q2 2026, Net Margin fell 2251.0% year-over-year to 95.12%; the TTM figure through May 2026 stood at 18.18% (down 16838.0% YoY), while the FY2026 annual figure was 12.85%, down 13789.0% from the prior year.
- Net Margin came in at 95.12% for Q2 2026 at Saratoga Investment, up from 422.4% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 402.69% in Q1 2025 to a low of 422.4% in Q1 2026.
- Average Net Margin over 4 years is 95.45%, with a median of 125.97% recorded in 2024.
- Year-over-year, Net Margin soared 27793 bps in 2025 and slumped 82510 bps in 2026.
- Over 4 years, Net Margin stood at 131.39% in 2023, then increased by 2 bps to 134.23% in 2024, then declined by 5 bps to 127.17% in 2025, then declined by 25 bps to 95.12% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 95.12% in Q2 2026, 422.4% in Q1 2026, and 127.17% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | -29.16% |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | 95.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 95.12% |
| Feb 28, 2026 | -422.40% |
| Nov 30, 2025 | 127.17% |
| Aug 31, 2025 | 115.40% |
| May 31, 2025 | 117.63% |
| Feb 28, 2025 | 402.69% |
| Aug 31, 2024 | 134.23% |
| May 31, 2024 | 128.46% |
| Feb 29, 2024 | 124.76% |
| Nov 30, 2023 | 131.39% |