Stocks · Financial Services · Asset Management
Golub Capital BDC, Inc. GBDC
$12.54 -0.87% Close, Oct 2, 2026 · NASDAQ · Market cap $3.27B
High qualityWeak trend
Next earnings report: Nov 17, 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
- Operating margin narrowed to 55.5% from 79.0% a year earlier.
- Diluted EPS over the last four quarters was $0.55, down 61.3% year over year.
- The shares trade at 22.8× trailing earnings, higher than 90% of the company's own readings over the past five years.
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)Bottom 9%
- EPS growth (TTM, YoY)Bottom 11%
- Revenue growth, 3-year CAGRTop 12%
- Revenue growth accelerationBottom 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 30%
- Gross marginTop 26%
- Operating marginTop 6%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 14%
- Net debt / EBITDA (lower is better)Bottom 10%
- Interest coverTop 36%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 38%
- Free-cash-flow yieldTop 13%
- EBITDA / enterprise valueBottom 41%
- Sales / enterprise valueBottom 9%
- P/E vs own 5-year history (lower is better)Bottom 14%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 22%
- 6-month returnBottom 19%
- 1-year return vs S&P 500Bottom 25%
- Distance from 52-week highBottom 40%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 26%
- Consecutive EPS beatsBottom 43%
- Share of analysts rating BuyTop 37%
- Upside to consensus price targetTop 49%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 32%
- Maximum drawdown, 3 yearsBottom 42%
- Beta vs S&P 500 (lower is better)Top 37%
- Net debt / EBITDA (lower is better)Bottom 10%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 11.0% | -14.1% | ↓ |
| EPS growth (YoY) | -31.6% | -61.3% | ↓ |
| Gross margin | 81.5% | 74.4% | ↓ |
| Operating margin | 79.0% | 55.5% | ↓ |
| FCF margin | -69.6% | 98.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -14.1% | 11.0% | ↓ | Bottom 9% |
| EPS growth (TTM, YoY) | -61.3% | -31.6% | ↓ | Bottom 11% |
| Gross margin | 74.4% | 81.5% | ↓ | Top 26% |
| Operating margin | 55.5% | 79.0% | ↓ | Top 6% |
| Net margin | 20.5% | 45.1% | ↓ | — |
| Free-cash-flow margin | 98.8% | -69.6% | ↑ | — |
| Return on invested capital | 4.8% | — | Top 30% | |
| Revenue growth, 3-year CAGR | 36.0% | — | Top 12% |
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.
- -6.7%
- 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.
- -5.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 11.49×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 9.64%
- Net buyback yield (TTM)
- 4.51%
- Shareholder yield
- 14.15%
- Share count change, 1 year
- -2.4%
- Share count change, 3-year CAGR
- +15.3%
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 3, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -1.0%
- Average 2-day reaction, last 8
- +0.2%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $14.50
- Target vs current price
- +15.6%
- Analysts with a rating
- 12
- 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 3, 2026 | +2.0% | +2.8% | +2.7% | +1.6% | — |
| May 4, 2026 | -5.6% | -0.9% | -4.6% | -3.2% | -7.2% |
| Feb 4, 2026 | +0.0% | +2.1% | +0.6% | -2.6% | +7.1% |
| Nov 18, 2025 | -0.3% | -0.4% | +1.6% | +0.0% | -7.2% |
| Aug 4, 2025 | +2.6% | -0.1% | +0.9% | +1.4% | -2.8% |
| May 5, 2025 | -4.9% | -1.4% | +0.9% | +5.7% | +4.0% |
| Feb 4, 2025 | -9.3% | -0.4% | -0.3% | -4.2% | -9.0% |
| Nov 19, 2024 | +6.8% | +0.1% | -0.9% | -3.7% | +2.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 3, 2026 | $0.34 | $0.33 | +2.0% | $187.7M |
| May 4, 2026 | $0.34 | $0.36 | -5.6% | $188.1M |
| Feb 4, 2026 | $0.38 | $0.38 | +0.0% | $207.0M |
| Nov 18, 2025 | $0.39 | $0.39 | -0.3% | $184.4M |
| Aug 4, 2025 | $0.39 | $0.38 | +2.6% | $218.7M |
| May 5, 2025 | $0.39 | $0.41 | -4.9% | $154.1M |
| Feb 4, 2025 | $0.39 | $0.43 | -9.3% | $118.8M |
| Nov 19, 2024 | $0.47 | $0.44 | +6.8% | $224.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 22.8× | 12.6× | 90th | Bottom 38% |
| P/E (forward) | 9.1× | — | — | — |
| EV / EBITDA | 19.8× | — | — | Bottom 41% |
| EV / Sales | 10.89× | — | — | Bottom 9% |
| Free-cash-flow yield | 21.63% | — | — | Top 13% |
| Earnings yield | 4.39% | — | — | Bottom 38% |
P/E over the past five years
Range 7.3× – 38.2× 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
- -7.2%
- Earnings per share growth (TTM)
- -61.3%
- Change in P/E multiple
- +131.5%
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)
- -0.9%
- 200-day average slope (20 days)
- -1.0%
- Distance from 50-day average
- -2.6%
- Distance from 200-day average
- -3.2%
- RSI (14)
- 43.6
- Relative volume
- 1.20×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.4%
- Volatility vs own 5-year history
- 56th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.55
- Correlation with S&P 500
- 0.47
- Current drawdown from 1-year high
- -12.7%
- Maximum drawdown, 3 years
- -31.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 29, 2024 | Mar 13, 2026 | -31.9% | 469 days | Not yet recovered |
| Feb 10, 2022 | Sep 27, 2022 | -24.2% | 157 days | 374 days (Mar 25, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.27B
- P/E (TTM)
- 22.8
- EPS, diluted (TTM)
- $0.55
- Revenue (TTM)
- $715.2M
- Dividend yield
- 11.00%
- 52-week range
- $11.77 – $14.41
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $415.2M | $346.3M | $572.5M | $611.1M | $870.8M |
| Gross profit | $349.5M | $255.6M | $427.7M | $498.7M | $709.6M |
| Operating income | $340.8M | $244.2M | $426.0M | $482.4M | $687.4M |
| Net income | $340.3M | $155.6M | $272.0M | $273.8M | $376.1M |
| EPS (diluted) | $2.03 | $0.90 | $1.52 | $1.36 | $1.42 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $195.9M | $239.0M | $192.3M | $205.7M | $172.3M | $207.0M | $176.4M | $159.5M |
| Net income | $95.2M | $111.3M | $79.0M | $90.1M | $96.3M | $65.3M | -$46.8M | $31.9M |
| EPS (diluted) | $0.36 | $0.42 | $0.30 | $0.34 | $0.36 | $0.25 | -$0.18 | $0.12 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$306.0M | -$416.5M | $195.4M | $343.9M | -$113.6M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$306.0M | -$416.5M | $195.4M | $343.9M | -$113.6M |
| Dividends paid | -$139.1M | -$155.2M | -$191.5M | -$338.2M | -$368.2M |
| Net share buybacks | -$14.7M | -$36.4M | -$63.8M | -$4.8M | -$40.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $13.0M
- Total assets
- $8.34B
- Total liabilities
- $4.63B
- Total debt
- $4.54B
- Net debt
- $4.52B
- Shareholders’ equity
- $3.70B
As of Jun 30, 2026 (filed Aug 3, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 14, 2026 | $0.33 | Sep 29, 2026 |
| Jun 15, 2026 | $0.33 | Jun 29, 2026 |
| Mar 13, 2026 | $0.33 | Mar 30, 2026 |
| Dec 12, 2025 | $0.39 | Dec 30, 2025 |
| Sep 15, 2025 | $0.39 | Sep 29, 2025 |
| Jun 13, 2025 | $0.39 | Jun 27, 2025 |
| Mar 3, 2025 | $0.39 | Mar 28, 2025 |
| Dec 9, 2024 | $0.39 | Dec 27, 2024 |
Short interest
- Shares sold short
- 13,482,979
- Days to cover
- 9.80
- Change vs previous report
- +13.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 13, 2020
- 1,021-for-1,000