KPIs & Operating Metrics(New)

WhiteHorse Finance (WHF) Operating Margin (2021 - 2025)

WhiteHorse Finance (WHF) has disclosed Operating Margin for 5 consecutive years, with 41.9% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 393.0% to 41.9% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 36.84% through Dec 2025, down 360.0% year-over-year, with the annual reading at 36.84% for FY2025, 328.0% down from the prior year.
  • Operating Margin for Q4 2025 was 41.9% at WhiteHorse Finance, up from 34.49% in the prior quarter.
  • The five-year high for Operating Margin was 46.65% in Q4 2022, with the low at 34.49% in Q3 2025.
  • Average Operating Margin over 5 years is 40.55%, with a median of 41.62% recorded in 2024.
  • The sharpest move saw Operating Margin skyrocketed 1083bps in 2022, then crashed -686bps in 2025.
  • Over 5 years, Operating Margin stood at 35.82% in 2021, then skyrocketed by 30bps to 46.65% in 2022, then decreased by -9bps to 42.5% in 2023, then dropped by -11bps to 37.97% in 2024, then rose by 10bps to 41.9% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 41.9%, 34.49%, and 34.83% for Q4 2025, Q3 2025, and Q2 2025 respectively.