WhiteHorse Finance (WHF) Net Margin (2021 - 2026)
WhiteHorse Finance (WHF) reported Net Margin of 35.86% for Q1 2026, down 2564.0% year-over-year from 1.46% in Q1 2025, and down 285.69% quarter-over-quarter from 19.31% in Q4 2025.
WhiteHorse Finance (WHF) Net Margin (2021 - 2026) Analysis & Trends
WhiteHorse Finance (WHF) has 6 years of Net Margin data on file, last reported at 35.86% in Q1 2026.
- Net Margin for Q1 2026 came in at 35.86%, down 2564.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.49% (up 134.0% YoY), and the FY2025 annual result was 12.11%, up 505.0% from the prior year.
- Net Margin slipped to 35.86% in Q1 2026 per WHF's latest filing, from 19.31% in the prior quarter.
- Over five years, Net Margin peaked at 19.31% in Q4 2025 and troughed at 60.33% in Q3 2024.
- A 5-year average of 11.9% and a median of 7.38% in 2022 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 5343 bps in 2024, then surged 2633 bps in 2025.
- A 5-year view of Net Margin shows it stood at 32.39% in 2022, then jumped by 63 bps to 12.12% in 2023, then jumped by 42 bps to 7.02% in 2024, then surged by 375 bps to 19.31% in 2025, then plunged by 286 bps to 35.86% in 2026.
- Business Quant data shows WHF's Net Margin at 35.86% in Q1 2026, 19.31% 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 | 160.20 Bn | 150.57 Bn | - | 34.73% |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | 34.77% |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 8.45% |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 37.97% |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | 8.40% |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | 12.72% |
| 10 | WhiteHorse Finance | 147.65 Mn | 135.86 Mn | - | -35.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.86% |
| Dec 31, 2025 | 19.31% |
| Sep 30, 2025 | -34.78% |
| Jun 30, 2025 | -19.67% |
| Mar 31, 2025 | -10.22% |
| Dec 31, 2024 | -7.02% |
| Sep 30, 2024 | -60.33% |
| Jun 30, 2024 | 4.10% |
| Mar 31, 2024 | -4.20% |
| Dec 31, 2023 | -12.12% |
| Sep 30, 2023 | -6.90% |
| Jun 30, 2023 | -12.51% |
| Mar 31, 2023 | -0.07% |
| Dec 31, 2022 | -32.39% |
| Sep 30, 2022 | -7.38% |
| Jun 30, 2022 | 12.02% |
| Mar 31, 2022 | 5.78% |
| Dec 31, 2021 | -15.39% |
| Sep 30, 2021 | 24.12% |