WhiteHorse Finance (WHF) Net Margin (2021 - 2026)
WhiteHorse Finance (WHF) posted quarterly Net Margin of 35.07% for Q1 2026, down 2541.0% year-over-year from 1.44% in Q1 2025, and down 375.46% quarter-over-quarter from 12.73% in Q4 2025.
WhiteHorse Finance (WHF) Net Margin (2021 - 2026) Analysis & Trends
WhiteHorse Finance (WHF) has reported Net Margin for 6 consecutive years, with 35.07% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 2541.0% year-over-year to 35.07%; the TTM figure through Mar 2026 stood at 19.21% (up 924.0% YoY), while the FY2025 annual figure was 12.11%, up 626.0% from the prior year.
- Net Margin eased to 35.07% in Q1 2026 per WHF's latest filing, from 12.73% in the prior quarter.
- Across five years, Net Margin topped out at 12.9% in Q2 2022 and bottomed at 59.04% in Q3 2024.
- Historically, Net Margin has averaged 15.31% across 5 years, with a median of 9.66% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 5147 bps — and 2025, when it soared 6114 bps.
- WhiteHorse Finance's Net Margin stood at 32.39% in 2022, then grew by 26 bps to 23.92% in 2023, then plunged by 102 bps to 48.41% in 2024, then soared by 126 bps to 12.73% in 2025, then slumped by 375 bps to 35.07% in 2026.
- Business Quant data shows WHF's Net Margin at 35.07% in Q1 2026, 12.73% in Q4 2025, and 34.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 27.15% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 46.71% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 11.53% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 51.57% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.20% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 58.35% |
| 10 | WhiteHorse Finance | 155.75 Mn | 147.28 Mn | - | 39.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.26% |
| Mar 31, 2026 | -35.07% |
| Dec 31, 2025 | 12.73% |
| Sep 30, 2025 | -34.78% |
| Jun 30, 2025 | -20.66% |
| Mar 31, 2025 | -9.66% |
| Dec 31, 2024 | -48.41% |
| Sep 30, 2024 | -59.04% |
| Jun 30, 2024 | 4.10% |
| Mar 31, 2024 | -4.20% |
| Dec 31, 2023 | -23.92% |
| Sep 30, 2023 | -7.58% |
| Jun 30, 2023 | -13.49% |
| Mar 31, 2023 | 0.88% |
| Dec 31, 2022 | -32.39% |
| Sep 30, 2022 | -7.38% |
| Jun 30, 2022 | 12.90% |
| Mar 31, 2022 | 5.78% |
| Dec 31, 2021 | 1.99% |
| Sep 30, 2021 | 25.50% |