How market data in Octus Liquid Credit Fundamentals changes the benchmarking game

You can analyze a company’s financials in depth. But without knowing how the broader market is performing, you’re missing half the picture.

Octus Fundamentals’ Liquid Credit Universe market data gives credit professionals a view they couldn’t get before: aggregated financial data across the entire leveraged finance universe, including private issuers, with statistics tracked over time.

Here’s what that means in practice.

Benchmark against 3,000+ companies

Comps analysis is only as strong as the universe you’re comparing against. With Fundamentals, you can run benchmarking against a dataset of over 3,000 private and public leveraged finance companies, spanning both U.S. and EU markets.

Whether you’re evaluating revenue growth, adjusted EBITDA margins or interest coverage, you can see exactly where a company stands relative to its peers – by region, sector or instrument type.

Slice the market the way you need to

The data is built for flexibility. Users can cut across multiple dimensions depending on what their analysis demands:

By sector: Compare financial performance across Communication Services, Consumer Discretionary, Consumer Staples and more. Track gross profit margins, EBITDA growth and credit metrics side by side across quarters.

By industry: Go deeper within each sector. Financials for Diversified Consumer Services look different from Hotels, Restaurants & Leisure. The data reflects that granularity, with metrics like unlevered free cash flow margin and capex as a percentage of revenue broken out at the industry level.

By region: US versus EU performance can diverge significantly, especially in periods of macro stress. The data lets you compare median metrics across both markets from the same source, with consistent methodology.

By instrument type: High-yield and leveraged loan issuers don’t always move in the same direction. Dissecting them separately surfaces differences in revenue growth trends, margin profiles and EBITDA dynamics that an aggregate view would obscure.

By company size: EBITDA bands from $0-100M to over $1B show how smaller issuers absorb market pressure differently from large-cap borrowers. In 2025Q1, companies with under $100M in revenue posted negative revenue growth YoY, while those above $1B held positive – a divergence worth understanding for any portfolio with cross-size exposure.

Identify where the dispersion is

Aggregate medians tell you where the market is. Percentile breakouts tell you what’s actually happening underneath.

Liquid Credit Universe surfaces 25th and 75th percentile data alongside the median, so you can see the full spread of performance across the universe. In recent quarters, the gap between laggards and top performers in adjusted EBITDA growth has been substantial. That dispersion matters for credit selection.

Why this changes your workflow

Previously, building a market benchmark required pulling data from multiple sources, normalizing it across public and private issuers and hoping the methodology held up. Liquid Credit Fundamentals delivers that reference dataset directly, updated monthly, with private companies included.

For credit analysts, portfolio managers and risk teams, that means less time assembling context and more time acting on it.

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Request a sample of the Liquid Credit Universe market data file or learn more about Liquid Credit Fundamentals.