WhiteHorse Finance (WHF) Operating Margin (2021 - 2026)

WhiteHorse Finance (WHF) has 6 years of Operating Margin data on file, last reported at 35.32% in Q1 2026.

• Operating 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.
• Operating Margin eased to 35.32% in Q1 2026 per WHF's latest filing, from 38.08% in the prior quarter.
• Over five years, Operating 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 Operating Margin.
• The sharpest annual moves came in 2023 and 2025: Operating Margin jumped 472 bps in 2023, then plunged 720 bps in 2025.
• A 5-year view of Operating 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 Operating Margin at 35.32% in Q1 2026, 38.08% in Q4 2025, and 35.54% in Q3 2025.