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CGBD logoCarlyle Secured Lending, Inc. (CGBD) Earnings History

Annual and quarterly earnings data from 2013 to 2024

TTM Net Income
$74M
Profitable
TTM EPS
$1.01
Diluted
YoY EPS Growth
-3.7%
Slow
Net Margin
53.0%
Profitability
Operating Margin54.7%
Gross Margin59.2%
ROE9.8%
ROA4.6%
Highest Annual Net Income$160M (2021)
Highest Quarterly EPS$0.93 (Q2 2020)
Consecutive Profitable Years11 years
Q3 2025
Net Income$24M
EPS$0.33
QoQ Growth+63.4%Excellent

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CGBD EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
-3.7%
Slow
3-Year
-16.3%
Declining
5-Year
+9.1%
Solid
10-Year
+25.0%
Excellent

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

CGBD Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202459.2%54.7%53.0%
202358.5%54.8%53.4%
202268.3%63.1%61.8%
202184.5%81.1%80.7%
202032.3%14.0%12.9%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Carlyle Secured Lending, Inc. (CGBD) Earnings Overview

As of May 6, 2026, Carlyle Secured Lending, Inc. (CGBD) reported trailing twelve-month net income of $74M, reflecting -3.7% year-over-year growth. The company earned $1.01 per diluted share over the past four quarters, with a net profit margin of 53.0%.

Looking at the long-term picture, CGBD's 5-year EPS compound annual growth rate (CAGR) stands at +9.1%, showing solid earnings momentum. The company achieved its highest annual net income of $160M in fiscal 2021.

Carlyle Secured Lending, Inc. maintains industry-leading profitability with a gross margin of 59.2%, operating margin of 54.7%, and net margin of 53.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →

Compared to peers including ARCC ($1.15B net income, 41.3% margin), GBDC ($251M net income, 43.2% margin), TPVG ($49M net income, 50.6% margin), CGBD has outperformed on profitability metrics. Compare CGBD vs ARCC →

CGBD Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
CGBD logoCGBDCurrent
$74M$1.0153.0%9.8%-3.7%—
ARCC logoARCC
$1.1B$1.6041.3%9.4%-23.8%
GBDC logoGBDC
$251M$0.9643.2%9.4%+4.4%
TPVG logoTPVG
$49M$1.2250.6%14.1%+48.8%
MFIC logoMFIC
$76M----46.5%
OCSL logoOCSL
$103M$1.1711.3%2.3%-45.8%
Best in group
Lowest in group

CGBD Historical Earnings Data (2013–2024)

12 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2024$89M-3.6%$92M$1.5853.0%54.7%
2023$92M+7.8%$95M$1.6453.4%54.8%
2022$86M-46.6%$87M$1.4961.8%63.1%
2021$160M+2248.1%$161M$2.6980.7%81.1%
2020$7M-88.9%$7M$0.0812.9%14.0%
2019$61M+56.8%$62M$1.0250.8%51.1%
2018$39M-53.5%$39M$0.6345.7%46.0%
2017$84M+20.6%$84M$1.5976.1%76.3%
2016$70M+273.8%$70M$2.0379.6%79.7%
2015$19M+232.6%$19M$0.5662.0%62.0%

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CGBD — Frequently Asked Questions

Quick answers to the most common questions about buying CGBD stock.

Is CGBD growing earnings?

CGBD EPS of $1.01 reflects slowing growth at -3.7%, below the 5-year CAGR of +9.1%. TTM net income is $74M. Expansion rate has moderated.

What are CGBD's profit margins?

Carlyle Secured Lending, Inc. net margin is +53.0%, with operating margin at +54.7%. Above-average margins indicate pricing power.

How consistent are CGBD's earnings?

CGBD earnings data spans 2013-2024. The current earnings trend is -3.7% YoY. Historical data enables comparison across business cycles.

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CGBD Earnings Over Time (2013–2024)

Net income and EPS trends