Stocks · Financial Services · Asset Management
Barings BDC, Inc. BBDC
$8.63 -0.80% Close, Oct 2, 2026 · NYSE · Market cap $903.6M
High quality
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 8.8× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $256.7M, up 29.0% from a year earlier, accelerating from 11.6% a quarter earlier.
- Operating margin widened to 58.6% from 52.3% a year earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 14%
- EPS growth (TTM, YoY)Bottom 22%
- Revenue growth, 3-year CAGRBottom 15%
- Revenue growth accelerationTop 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 27%
- Gross marginTop 23%
- Operating marginTop 5%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 11%
- Net debt / EBITDA (lower is better)Bottom 15%
- Interest coverTop 32%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 19%
- Free-cash-flow yieldTop 7%
- EBITDA / enterprise valueTop 48%
- Sales / enterprise valueBottom 13%
- P/E vs own 5-year history (lower is better)Bottom 41%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnBottom 43%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highTop 46%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 32%
- Consecutive EPS beatsBottom 43%
- Share of analysts rating BuyTop 38%
- Upside to consensus price targetTop 48%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 33%
- Maximum drawdown, 3 yearsTop 43%
- Beta vs S&P 500 (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Bottom 15%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 11.6% | 29.0% | ↑ |
| EPS growth (YoY) | -9.6% | -13.5% | ↓ |
| Gross margin | 56.8% | 76.2% | ↑ |
| Operating margin | 52.3% | 58.6% | ↑ |
| FCF margin | -43.3% | 118.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 29.0% | 11.6% | ↑ | Top 14% |
| EPS growth (TTM, YoY) | -13.5% | -9.6% | ↓ | Bottom 22% |
| Gross margin | 76.2% | 56.8% | ↑ | Top 23% |
| Operating margin | 58.6% | 52.3% | ↑ | Top 5% |
| Net margin | 33.9% | 50.3% | ↓ | — |
| Free-cash-flow margin | 118.7% | -43.3% | ↑ | — |
| Return on invested capital | 5.6% | — | Top 27% | |
| Revenue growth, 3-year CAGR | 4.3% | — | Bottom 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -8.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -62.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 8.75×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.8×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 12.66%
- Net buyback yield (TTM)
- 0.44%
- Shareholder yield
- 13.10%
- Share count change, 1 year
- -0.5%
- Share count change, 3-year CAGR
- -0.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +8.8%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $10.00
- Target vs current price
- +15.9%
- Analysts with a rating
- 19
- Share rating Buy or Strong Buy
- 58%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +12.7% | -1.8% | +8.6% | +8.5% | — |
| May 7, 2026 | +0.0% | -3.3% | -6.4% | -8.5% | -8.6% |
| Feb 19, 2026 | +3.8% | -0.9% | -3.2% | -9.3% | -6.0% |
| Nov 6, 2025 | +18.5% | -0.7% | -1.2% | -3.1% | -2.2% |
| Aug 7, 2025 | +7.7% | -1.2% | +4.4% | +1.2% | -4.0% |
| May 8, 2025 | -10.7% | +1.0% | +3.0% | +2.6% | +6.5% |
| Feb 20, 2025 | -3.4% | +0.4% | -2.7% | -9.1% | -14.8% |
| Nov 6, 2024 | -3.3% | +2.9% | +2.2% | +3.6% | +6.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.28 | $0.25 | +12.7% | $65.2M |
| May 7, 2026 | $0.25 | $0.25 | +0.0% | $60.6M |
| Feb 19, 2026 | $0.27 | $0.26 | +3.8% | $68.0M |
| Nov 6, 2025 | $0.32 | $0.27 | +18.5% | $72.4M |
| Aug 7, 2025 | $0.28 | $0.26 | +7.7% | $45.8M |
| May 8, 2025 | $0.25 | $0.28 | -10.7% | $54.9M |
| Feb 20, 2025 | $0.28 | $0.29 | -3.4% | $50.2M |
| Nov 6, 2024 | $0.29 | $0.30 | -3.3% | $70.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.4× | 9.4× | 67th | Top 19% |
| P/E (forward) | 8.3× | — | — | — |
| EV / EBITDA | 14.6× | — | — | Top 48% |
| EV / Sales | 8.75× | — | — | Bottom 13% |
| Free-cash-flow yield | 33.72% | — | — | Top 7% |
| Earnings yield | 9.62% | — | — | Top 19% |
P/E over the past five years
Range 5.0× – 87.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -0.1%
- Earnings per share growth (TTM)
- -13.5%
- Change in P/E multiple
- +6.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.3%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -3.2%
- Distance from 200-day average
- -1.2%
- RSI (14)
- 41.6
- Relative volume
- 1.29×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 26.3%
- Volatility vs own 5-year history
- 88th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.72
- Correlation with S&P 500
- 0.48
- Current drawdown from 1-year high
- -8.7%
- Maximum drawdown, 3 years
- -26.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 11, 2021 | May 9, 2023 | -37.3% | 373 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $903.6M
- P/E (TTM)
- 10.4
- EPS, diluted (TTM)
- $0.83
- Revenue (TTM)
- $256.7M
- Dividend yield
- 12.05%
- 52-week range
- $7.96 – $9.54
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $119.8M | $219.1M | $289.2M | $209.1M | $248.8M |
| Gross profit | $86.8M | $219.1M | $289.2M | $123.6M | $184.1M |
| Operating income | $77.7M | $173.1M | $214.5M | $113.8M | $212.0M |
| Net income | $77.7M | $4.7M | $128.0M | $110.3M | $101.9M |
| EPS (diluted) | $1.19 | $0.05 | $1.20 | $1.04 | $0.97 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.0M | $50.2M | $54.9M | $45.8M | $71.0M | $49.7M | $52.2M | $83.7M |
| Net income | $22.0M | $24.8M | $32.6M | $20.6M | $23.6M | $25.2M | $20.0M | $18.3M |
| EPS (diluted) | $0.21 | $0.24 | $0.31 | $0.20 | $0.22 | $0.24 | $0.19 | $0.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$396.6M | $86.3M | $76.9M | $117.8M | $160.5M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$396.6M | $86.3M | $76.9M | $117.8M | $160.5M |
| Dividends paid | -$53.6M | -$93.7M | -$109.0M | -$110.1M | -$125.2M |
| Net share buybacks | $0 | -$32.1M | -$14.8M | -$6.4M | -$6.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $51.4M
- Total assets
- $2.58B
- Total liabilities
- $1.44B
- Total debt
- $1.39B
- Net debt
- $1.34B
- Shareholders’ equity
- $1.15B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 2, 2026 | $0.26 | Sep 9, 2026 |
| Jun 3, 2026 | $0.26 | Jun 10, 2026 |
| Mar 4, 2026 | $0.26 | Mar 11, 2026 |
| Dec 3, 2025 | $0.26 | Dec 10, 2025 |
| Sep 3, 2025 | $0.36 | Sep 10, 2025 |
| Jun 4, 2025 | $0.36 | Jun 11, 2025 |
| Mar 5, 2025 | $0.36 | Mar 12, 2025 |
| Dec 4, 2024 | $0.26 | Dec 11, 2024 |
Short interest
- Shares sold short
- 2,492,878
- Days to cover
- 3.80
- Change vs previous report
- +15.5%
FINRA short interest, settlement date Sep 15, 2026.