WhiteHorse Finance (WHF) Net Margin (2012 - 2026)
WhiteHorse Finance's Net Margin was 43.91% in Q3 2026, up 47.05 percentage points from -3.14% a year earlier but down 28.53 percentage points from the prior quarter.
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Analysis
WhiteHorse Finance (WHF) Net Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, WhiteHorse Finance's Net Margin was 39.44% through Sep 30, 2026, up 26.53 percentage points year-over-year; for FY2025, it was 19.73%, up 8.04 percentage points from FY2024.
- Net Margin shows a five-year change of -31.63 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 11.69% in FY2024 (-8.08 pp), 19.77% in FY2023 (+1.85 pp), 17.92% in FY2022 (-23.80 pp) and 41.71% in FY2021 (-9.64 pp).
- Quarterly Net Margin has moved between -30.01% (Q3 2024) and 72.44% (Q2 2026) over five years.
- Compared with a year earlier, Net Margin was higher in five of the last eight quarters, with an average year-over-year change of +15.02 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2026 (a gain of 60.50 percentage points); the worst was Q3 2024 (a drop of 51.66 percentage points).
- Per Business Quant data, WHF's Net Margin in the three quarters before Q3 2026 was 72.44% (Q2 2026), -4.33% (Q1 2026) and 48.32% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 20.96% |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 21.59% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 25.03% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 12.38% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 17.58% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 13.01% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 48.93% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 41.81% |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | -121.54% |
| 10 | WhiteHorse Finance | 177.40 Mn | 143.00 Mn | - | 43.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 43.91% |
| Jun 30, 2026 | 72.44% |
| Mar 31, 2026 | -4.33% |
| Dec 31, 2025 | 48.32% |
| Sep 30, 2025 | -3.14% |
| Jun 30, 2025 | 11.94% |
| Mar 31, 2025 | 22.68% |
| Dec 31, 2024 | 18.57% |
| Sep 30, 2024 | -30.01% |
| Jun 30, 2024 | 33.38% |
| Mar 31, 2024 | 23.43% |
| Dec 31, 2023 | 13.37% |
| Sep 30, 2023 | 21.64% |
| Jun 30, 2023 | 15.16% |
| Mar 31, 2023 | 28.69% |
| Dec 31, 2022 | -4.70% |
| Sep 30, 2022 | 17.84% |
| Jun 30, 2022 | 36.75% |
| Mar 31, 2022 | 28.49% |
| Dec 31, 2021 | 17.03% |
API Access
WhiteHorse Finance Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=WHF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "WHF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=WHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();