WhiteHorse Finance (WHF) EBITDA Margin (2021 - 2026)
WhiteHorse Finance (WHF) reported EBITDA Margin of 35.32% for Q1 2026, down 107.0% year-over-year from 504.62% in Q1 2025, and down 7.24% quarter-over-quarter from 38.08% in Q4 2025.
WhiteHorse Finance (WHF) EBITDA Margin (2021 - 2026) Analysis & Trends
WhiteHorse Finance (WHF) has 6 years of EBITDA Margin data on file, last reported at 35.32% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 35.32%, down 107.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.2% (down 403.0% YoY), and the FY2025 annual result was 35.93%, down 540.0% from the prior year.
- EBITDA Margin eased to 35.32% in Q1 2026 per WHF's latest filing, from 38.08% in the prior quarter.
- Over five years, EBITDA Margin peaked at 46.21% in Q3 2022 and troughed at 35.32% in Q1 2026.
- A 5-year average of 40.56% and a median of 40.71% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2025: EBITDA Margin jumped 472 bps in 2023, then plunged 720 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 40.41% in 2022, then grew by 12 bps to 45.13% in 2023, then fell by 4 bps to 43.31% in 2024, then slipped by 12 bps to 38.08% in 2025, then fell by 7 bps to 35.32% in 2026.
- Business Quant data shows WHF's EBITDA Margin at 35.32% in Q1 2026, 38.08% in Q4 2025, and 35.54% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 44.01% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 73.37% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 170.02% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.29% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 26.04% |
| 10 | WhiteHorse Finance | 142.99 Mn | 131.20 Mn | - | 35.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.32% |
| Dec 31, 2025 | 38.08% |
| Sep 30, 2025 | 35.54% |
| Jun 30, 2025 | 35.82% |
| Mar 31, 2025 | 36.40% |
| Dec 31, 2024 | 43.31% |
| Sep 30, 2024 | 40.06% |
| Jun 30, 2024 | 40.71% |
| Mar 31, 2024 | 43.60% |
| Dec 31, 2023 | 45.13% |
| Sep 30, 2023 | 42.48% |
| Jun 30, 2023 | 42.36% |
| Mar 31, 2023 | 40.91% |
| Dec 31, 2022 | 40.41% |
| Sep 30, 2022 | 46.21% |
| Jun 30, 2022 | 39.39% |
| Mar 31, 2022 | 43.74% |
| Dec 31, 2021 | 35.82% |
| Sep 30, 2021 | 41.57% |