Stocks · Financial Services · Asset Management
Saratoga Investment Corp. SAR
$16.48 -1.44% Close, Oct 2, 2026 · NYSE · Market cap $268.8M
Weak trend
Next earnings report: Oct 6, 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
- Diluted EPS over the last four quarters was $1.00, down 59.6% year over year.
- Operating margin widened to 46.3% from 38.8% a year earlier.
- Net debt is 11.4× EBITDA, a high level of leverage.
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 27%
- EPS growth (TTM, YoY)Bottom 11%
- FCF growth (TTM, YoY)Bottom 5%
- Revenue growth, 3-year CAGRBottom 39%
- Revenue growth accelerationBottom 24%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 48%
- Gross marginBottom 32%
- Operating marginTop 9%
- Cash conversion (OCF / net income)Bottom 2%
- Accruals (lower is better)Bottom 3%
- Net debt / EBITDA (lower is better)Bottom 11%
- Interest coverBottom 48%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 47%
- Free-cash-flow yieldBottom 3%
- EBITDA / enterprise valueBottom 46%
- Sales / enterprise valueBottom 14%
- P/E vs own 5-year history (lower is better)Bottom 25%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 8%
- 6-month returnBottom 3%
- 1-year return vs S&P 500Bottom 9%
- Distance from 52-week highBottom 14%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 18%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 19%
- Upside to consensus price targetTop 23%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 35%
- Maximum drawdown, 3 yearsBottom 28%
- Beta vs S&P 500 (lower is better)Top 45%
- Net debt / EBITDA (lower is better)Bottom 11%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.4% | 0.1% | ↓ |
| EPS growth (YoY) | 14.0% | -59.6% | ↓ |
| Gross margin | 48.8% | 56.6% | ↑ |
| Operating margin | 38.8% | 46.3% | ↑ |
| FCF margin | 176.6% | -145.3% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.1% | 5.4% | ↓ | Bottom 27% |
| EPS growth (TTM, YoY) | -59.6% | 14.0% | ↓ | Bottom 11% |
| Gross margin | 56.6% | 48.8% | ↑ | Bottom 32% |
| Operating margin | 46.3% | 38.8% | ↑ | Top 9% |
| Net margin | 16.6% | 35.2% | ↓ | — |
| Free-cash-flow margin | -145.3% | 176.6% | ↓ | — |
| Return on invested capital | 1.4% | — | Top 48% | |
| Revenue growth, 3-year CAGR | 12.4% | — | Bottom 39% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -2.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 13.6%
- 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.
- +11.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 11.35×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 17.29%
- Net buyback yield (TTM)
- -4.77%
- Shareholder yield
- 12.52%
- Share count change, 1 year
- +5.9%
- Share count change, 3-year CAGR
- +11.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through May 31, 2026 (filed Jul 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -5.8%
- Average 2-day reaction, last 8
- -1.5%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $21.00
- Target vs current price
- +27.4%
- Analysts with a rating
- 12
- Share rating Buy or Strong Buy
- 25%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 7, 2026 | -13.0% | -2.3% | -11.1% | -9.0% | -20.5% |
| May 5, 2026 | +0.0% | -2.8% | -8.6% | -4.3% | -21.1% |
| Jan 7, 2026 | +3.4% | -2.6% | -0.8% | +0.9% | -5.0% |
| Oct 7, 2025 | -13.4% | -4.3% | -10.4% | -8.4% | -5.5% |
| Jul 8, 2025 | -4.3% | -1.6% | -2.6% | -3.8% | -4.1% |
| May 7, 2025 | -27.3% | -0.7% | -3.0% | -0.9% | -2.9% |
| Jan 8, 2025 | +9.8% | +1.2% | +2.8% | +4.9% | -3.8% |
| Oct 8, 2024 | +3.2% | +1.4% | +3.6% | +0.0% | +4.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 7, 2026 | $0.47 | $0.54 | -13.0% | $30.8M |
| May 5, 2026 | $0.53 | $0.53 | +0.0% | $31.1M |
| Jan 7, 2026 | $0.61 | $0.59 | +3.4% | $31.6M |
| Oct 7, 2025 | $0.58 | $0.67 | -13.4% | $32.6M |
| Jul 8, 2025 | $0.66 | $0.69 | -4.3% | $29.3M |
| May 7, 2025 | $0.56 | $0.77 | -27.3% | $17.5M |
| Jan 8, 2025 | $0.90 | $0.82 | +9.8% | $35.9M |
| Oct 8, 2024 | $0.97 | $0.94 | +3.2% | $43.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.5× | 11.6× | 81th | Bottom 47% |
| P/E (forward) | 8.4× | — | — | — |
| EV / EBITDA | 17.1× | — | — | Bottom 46% |
| EV / Sales | 7.92× | — | — | Bottom 14% |
| Free-cash-flow yield | -54.42% | — | — | Bottom 3% |
| Earnings yield | 6.07% | — | — | Bottom 47% |
P/E over the past five years
Range 5.2× – 33.3× since May 31, 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
- -31.6%
- Earnings per share growth (TTM)
- -59.6%
- Change in P/E multiple
- +106.8%
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)
- -6.0%
- 200-day average slope (20 days)
- -2.5%
- Distance from 50-day average
- -9.8%
- Distance from 200-day average
- -22.9%
- RSI (14)
- 29.8
- Relative volume
- 1.11×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.4%
- Volatility vs own 5-year history
- 65th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.66
- Correlation with S&P 500
- 0.38
- Current drawdown from 1-year high
- -32.7%
- Maximum drawdown, 3 years
- -38.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Oct 6, 2021 | Oct 2, 2026 | -44.7% | 1252 days | Not yet recovered |
| Oct 16, 2020 | Oct 30, 2020 | -13.3% | 10 days | 13 days (Nov 18, 2020) |
| Jan 22, 2021 | Jan 29, 2021 | -12.7% | 5 days | 5 days (Feb 5, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $268.8M
- P/E (TTM)
- 16.5
- EPS, diluted (TTM)
- $1.00
- Revenue (TTM)
- $100.7M
- Dividend yield
- 24.27%
- 52-week range
- $16.39 – $24.76
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $77.5M | $69.9M | $69.5M | $94.2M | $99.2M |
| Gross profit | $57.6M | $36.4M | $20.4M | $42.1M | $49.9M |
| Operating income | $48.5M | $26.8M | $11.7M | $32.0M | $38.1M |
| Net income | $45.7M | $24.7M | $8.9M | $28.1M | $36.6M |
| EPS (diluted) | $3.99 | $2.06 | $0.71 | $2.02 | $2.31 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0M | $24.9M | $17.5M | $29.3M | $27.8M | $27.3M | $14.9M | $30.8M |
| Net income | $13.3M | $8.8M | -$676,762 | $13.9M | $13.3M | $12.0M | -$2.6M | -$5.9M |
| EPS (diluted) | $0.97 | $0.64 | -$0.05 | $0.91 | $0.84 | $0.74 | -$0.16 | -$0.42 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$203.1M | -$130.4M | -$157.2M | $197.5M | -$88.0M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$203.1M | -$130.4M | -$157.2M | $197.5M | -$88.0M |
| Dividends paid | -$18.2M | -$22.7M | -$32.1M | -$40.7M | -$52.4M |
| Net share buybacks | $24.3M | -$10.8M | $46.9M | $35.4M | $19.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $60.8M
- Total assets
- $1.20B
- Total liabilities
- $819.0M
- Total debt
- $590.0M
- Net debt
- $529.2M
- Shareholders’ equity
- $378.5M
As of May 31, 2026 (filed Jul 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 3, 2026 | $0.25 | Dec 22, 2026 |
| Nov 5, 2026 | $0.25 | Nov 24, 2026 |
| Oct 6, 2026 | $0.25 | Oct 22, 2026 |
| Sep 3, 2026 | $0.25 | Sep 23, 2026 |
| Aug 5, 2026 | $0.25 | Aug 25, 2026 |
| Jul 6, 2026 | $0.25 | Jul 23, 2026 |
| Jun 4, 2026 | $0.25 | Jun 23, 2026 |
| May 5, 2026 | $0.25 | May 21, 2026 |
Short interest
- Shares sold short
- 690,893
- Days to cover
- 4.13
- Change vs previous report
- -7.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 13, 2010
- 1-for-10