Kayne Anderson BDCKBDC +0.52%11 Pretax Margin % is 89.08% as of Mar. 2026, which is 4% below its 10-year median of 93.11. GuruFocus rates KBDC with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, Kayne Anderson BDC ranks better than 52.15% on this metric.
The historical rank and industry rank for Kayne Anderson BDC's Pretax Margin % or its related term are showing as below:
KBDC'
s Pretax Margin % Range Over the Past 10 Years
Min: 90.75 Med: 93.11 Max: 107.19
Current: 91.61
KBDC's Pretax Margin % is ranked better than 52.15% of 1580
companies
in the Asset Management industry
Industry Median: 89.475
vs KBDC: 91.61
Kayne Anderson BDC (NYSE:KBDC) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Kayne Anderson BDC Pretax Margin % Related Terms
Kayne Anderson BDC Pretax Margin % Historical Data
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The historical data trend for Kayne Anderson BDC's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
KBDC vs STK, OXLC, BBN: Pretax Margin % Comparison
For the Asset Management subindustry, Kayne Anderson BDC's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kayne Anderson BDC Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Kayne Anderson BDC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Kayne Anderson BDC's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kayne Anderson BDC (KBDC) has a Pretax Margin % of 89.08% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Kayne Anderson BDC and its competitors. This is near median its historical median of 93.11. Over the past decade, Kayne Anderson BDC's Pretax Margin % has ranged from 90.75 to 107.19. According to the industry distribution chart, Kayne Anderson BDC ranks #756 out of 1580 companies in the Asset Management industry, placing it in the top 47.8%.
Is Kayne Anderson BDC's Pretax Margin % too high?
Kayne Anderson BDC's current Pretax Margin % of 89.08% is near median its 10-year median of 93.11. Over the past 10 years, this metric has ranged from a low of 90.75 to a high of 107.19. The Asset Management industry median Pretax Margin % is 89.48. Kayne Anderson BDC's value of 89.08% is 0.4% below this industry median. Based on the distribution chart, Kayne Anderson BDC ranks #756 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, Kayne Anderson BDC has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Kayne Anderson BDC's Pretax Margin % compare to STK and OXLC?
According to the Asset Management industry distribution chart, Kayne Anderson BDC ranks #756 out of 1580 companies for Pretax Margin %. This puts Kayne Anderson BDC in the upper half of its industry. The industry median Pretax Margin % is 89.48. Kayne Anderson BDC's value of 89.08% is 0.4% below this benchmark. Historically, Kayne Anderson BDC's own Pretax Margin % has ranged from 90.75 to 107.19 over the past decade. While the company's 10-year median is 93.11 vs. the industry median of 89.48, Kayne Anderson BDC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kayne Anderson BDC's current Pretax Margin % of 89.08% is 0.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Kayne Anderson BDC and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kayne Anderson BDC's current Pretax Margin % is 89.08%, which is near median its own 10-year median of 93.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayne Anderson BDC stock overvalued right now?
Kayne Anderson BDC (KBDC) has a current Pretax Margin % of 89.08%. The current Pretax Margin % is 89.08%, which is near median its 10-year median of 93.11 and 0.4% below the Asset Management industry median of 89.48. Kayne Anderson BDC's overall GF Score™ is 11/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Kayne Anderson BDC (KBDC), the current Pretax Margin % is 89.08% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, investing mainly in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation mainly through debt investments in middle-market companies.
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