GBDC - Golub Capital BDC, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.00
DETAILS
HIGH:
$15.00
LOW:
$13.00
MEDIAN:
$14.00
CONSENSUS:
$14.00
UPSIDE:
8.02%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 870.8 | 611.1 | 572.5 | 346.3 | 415.2 | 141.7 | 30.9 | 120.8 | 119.1 | 127.9 | 101.2 | 91.2 | 64.3 | 47.0 | 39.1 | 33.1 | 33.3 | 16.2 | 1.9 |
| Cost of Revenue | 161.2 | 112.4 | 144.9 | 90.7 | 65.7 | 74.9 | 43.5 | 33.2 | 31.5 | 0 | 24.5 | 20.2 | 12.4 | 10.8 | 5.8 | 3.3 | 2.8 | 16.2 | 1.9 |
| Gross Profit | 709.6 | 498.7 | 427.7 | 255.6 | 349.5 | 66.8 | (12.7) | 87.6 | 87.6 | 127.9 | 76.7 | 71.0 | 51.9 | 36.2 | 33.4 | 29.8 | 30.5 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 22.2 | 16.3 | 1.7 | 11.4 | 12.6 | 12.0 | 5.9 | 5.7 | 5.3 | 34.8 | 5.9 | 5.6 | 5.4 | 4.5 | 4.0 | 2.9 | 0.5 | 0 | 0 |
| Other Expenses | 0 | 0 | 0 | 0 | (4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5 | 4.5 | 0 | 0 |
| Operating Expenses | 22.2 | 16.3 | 1.7 | 11.4 | 8.6 | 12.0 | 5.9 | 5.7 | 5.3 | 34.8 | 5.9 | 5.6 | 5.4 | 4.5 | 4.0 | 6.5 | 5.0 | 0 | 0 |
| Operating Income | |||||||||||||||||||
| Operating Income | 687.4 | 482.4 | 426.0 | 244.2 | 340.8 | 54.9 | (18.6) | 82.0 | 82.3 | 93.0 | 70.8 | 65.4 | 46.5 | 31.8 | 22.8 | 23.4 | 25.5 | 5.2 | 1.2 |
| Interest Expense | 280.6 | 203.2 | 143.2 | 89.4 | 65.7 | 74.9 | 43.5 | 33.2 | 31.5 | 27.7 | 24.5 | 20.2 | 12.4 | 10.8 | 6.5 | 3.5 | 4.5 | 0 | 0 |
| Interest Income | 833.2 | 700.4 | 584.6 | 382.9 | 300.4 | 295.0 | 169.4 | 140.9 | 130.4 | 121.8 | 116.1 | 104.3 | 78.8 | 56.3 | 0 | 3.5 | 4.5 | 0 | 0 |
| Profitability | |||||||||||||||||||
| EBITDA | 687.4 | 478.0 | 426.0 | 244.2 | 340.8 | 54.9 | (18.6) | 82.0 | 82.3 | 93.0 | 70.8 | 65.4 | 46.5 | 31.8 | 0 | 0 | 0 | 5.2 | 1.2 |
| EBIT | 687.4 | 478.0 | 426.0 | 244.2 | 340.8 | 54.9 | (18.6) | 82.0 | 82.3 | 93.0 | 70.8 | 65.4 | 46.5 | 31.8 | 0 | 0 | 0 | 5.2 | 1.2 |
| Income Before Tax | 375.7 | 274.4 | 275.4 | 155.6 | 340.8 | 54.9 | (18.6) | 82.0 | 82.3 | 69.5 | 70.8 | 65.4 | 46.5 | 31.8 | 21.3 | 23.4 | 25.5 | (3.4) | 0.1 |
| Income Tax Expense | (0.5) | 0.6 | 3.4 | 0.1 | 0.5 | 0 | 0 | 0 | 0.0 | 0.3 | 0 | 0 | 0 | 0 | 0 | (2.9) | 5.5 | 0 | 0 |
| Net Income | 376.1 | 273.8 | 272.0 | 155.6 | 340.3 | 54.9 | (18.6) | 82.0 | 82.3 | 69.2 | 70.8 | 65.4 | 46.5 | 31.8 | 21.3 | 26.2 | 20.0 | (3.4) | 0.1 |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 1.42 | 1.36 | 1.52 | 0.90 | 2.03 | 0.37 | -0.28 | 1.33 | 1.45 | 1.33 | 1.44 | 1.44 | 1.35 | 1.31 | 1.03 | 1.40 | 1.09 | -0.19 | 0.00 |
| EPS (Diluted) | 1.42 | 1.36 | 1.52 | 0.90 | 2.03 | 0.37 | -0.28 | 1.33 | 1.45 | 1.33 | 1.44 | 1.44 | 1.35 | 1.31 | 1.03 | 1.40 | 1.09 | -0.19 | 0.00 |
| Shares Outstanding | 266.0 | 201.3 | 170.3 | 170.7 | 168.0 | 148.9 | 66.9 | 61.7 | 56.9 | 54.8 | 49.0 | 45.3 | 34.5 | 24.3 | 20.7 | 18.7 | 18.4 | 18.4 | 18.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||
| Cash & Cash Equivalents | 23.6 | 131.2 | 69.8 | 124.1 | 181.1 | 25.1 | 6.5 | 6.0 | 4.0 | 10.9 | 5.5 | 5.1 | 16.3 | 13.9 | 46.4 | 61.2 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 459.8 | 344.9 | 376.3 |
| Net Receivables | 68.0 | 74.0 | 58.1 | 20.8 | 18.3 | 17.3 | 16.8 | 6.7 | 6.3 | 5.9 | 5.7 | 5.8 | 4.3 | 3.9 | 3.1 | 2.0 | 2.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.4 | 31.8 | 30.6 |
| Other Current Assets | 113.1 | 0 | 0 | 88.7 | 0 | 162.9 | 0 | 0 | 0 | 78.6 | 0 | 0 | 0 | 0 | 45.1 | 32.0 | 30.6 |
| Total Current Assets | 204.8 | 205.2 | 127.9 | 233.7 | 199.4 | 205.3 | 23.3 | 12.5 | 10.3 | 95.5 | 11.2 | 10.9 | 20.6 | 17.8 | 554.3 | 440.0 | 409.1 |
| Non-Current Assets | |||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 12.1 | 31.7 | 14.9 | 5,446.4 | 4,894.9 | 4,238.2 | 4,292.9 | 1,782.8 | 1,685.0 | 1,660.6 | 0 | 1,347.6 | 1,024.6 | 672.9 | 459.8 | 345 | 0 |
| Other Non-Current Assets | 8,761.4 | 8,469.1 | 5,590.7 | 1.2 | 0 | 0.8 | (4,292.9) | (1,782.8) | (1,685.0) | 0 | 1,622.3 | 84.8 | 46.4 | (672.9) | (454.5) | (342.3) | 0 |
| Total Non-Current Assets | 8,773.5 | 8,500.8 | 5,605.6 | 5,447.5 | 4,894.9 | 4,239.0 | 4,292.9 | 1,782.8 | 1,685.0 | 1,660.6 | 1,622.3 | 1,432.5 | 1,071.0 | 672.9 | 5.3 | 2.7 | 0 |
| Total Assets | 8,978.3 | 8,706.0 | 5,733.5 | 5,681.2 | 5,164.9 | 4,444.3 | 4,394.9 | 1,835.6 | 1,754.2 | 1,756.5 | 1,633.4 | 1,443.4 | 1,091.7 | 734.1 | 559.6 | 442.8 | 409.1 |
| Current Liabilities | |||||||||||||||||
| Account Payables | 38.3 | 56 | 24.7 | 0.9 | 1.8 | 0.8 | 4.3 | 6.2 | 6.1 | 5.3 | 4.8 | 4.6 | 6.9 | 2.5 | 1.8 | 7.1 | 0.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 237.7 | 174 | 315.3 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | (47.9) | 0.1 | (19.2) | 0.1 | 0 | 12.4 | 11.6 | 0.0 | (0.1) | 0 | 0 |
| Total Current Liabilities | 38.3 | 56 | 24.7 | 58.9 | 30.8 | 29.2 | 52.4 | 24 | 19.4 | 18.2 | 4.8 | 13.1 | 12.5 | 6.7 | 243.1 | 182.2 | 316.4 |
| Non-Current Liabilities | |||||||||||||||||
| Long-Term Debt | 4,900.8 | 4,599.4 | 3,117.7 | 3,076.4 | 2,551.4 | 2,017.8 | 2,119.5 | 842.7 | 776.8 | 859.5 | 806.0 | 697.5 | 420.9 | 352.3 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 56.7 | 36.0 | 43.1 | 1.4 | 0 | 1.1 | 0 | (0.0) | (0.0) | (0.0) | 11.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 4,957.5 | 4,635.4 | 3,160.8 | 3,077.8 | 2,551.4 | 2,018.9 | 2,119.5 | 842.7 | 776.8 | 859.5 | 817.8 | 697.5 | 420.9 | 352.3 | 0 | 0 | 0 |
| Total Liabilities | 4,995.7 | 4,691.4 | 3,185.6 | 3,136.7 | 2,582.2 | 2,048.1 | 2,172.0 | 866.7 | 796.2 | 877.7 | 822.6 | 710.6 | 433.4 | 359.0 | 243.1 | 182.2 | 316.4 |
| Stockholders' Equity | |||||||||||||||||
| Common Stock | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (48.8) | (153.0) | (99.2) | (132.3) | (81.7) | (228.6) | (87.9) | 19.2 | 18.6 | 18.8 | 4.2 | 12.2 | 5.5 | 0.3 | (0.4) | (1.1) | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.8) | 0 | 0 |
| Total Stockholders' Equity | 3,982.6 | 4,014.5 | 2,547.9 | 2,544.5 | 2,582.7 | 2,396.2 | 2,222.9 | 968.9 | 957.9 | 878.8 | 810.9 | 732.7 | 658.2 | 375.1 | 316.5 | 260.5 | 92.8 |
| Total Liabilities & Equity | 8,978.3 | 8,706.0 | 5,733.5 | 5,681.2 | 5,164.9 | 4,444.3 | 4,394.9 | 1,835.6 | 1,754.2 | 1,756.5 | 1,633.4 | 1,443.4 | 1,091.7 | 734.1 | 559.6 | 442.8 | 409.1 |
| Debt Metrics | |||||||||||||||||
| Total Debt | 4,900.8 | 4,599.4 | 3,117.7 | 3,076.4 | 2,551.4 | 2,017.8 | 2,119.5 | 842.7 | 776.8 | 859.5 | 806.0 | 697.5 | 420.9 | 352.3 | 237.7 | 174 | 315.3 |
| Net Debt | 4,877.2 | 4,468.3 | 3,047.9 | 2,952.3 | 2,370.3 | 1,992.7 | 2,112.9 | 836.7 | 772.8 | 848.6 | 800.5 | 692.4 | 404.6 | 338.4 | 191.3 | 112.8 | 315.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||
| Net Income | 376.6 | 273.8 | 258.6 | 153.4 | 340.3 | 54.9 | (18.6) | 82.0 | 82.3 | 69.2 | 70.8 | 65.4 | 46.5 | 31.8 | 21.3 | 26.2 | 20.0 | (3.4) | 0.1 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.8) | (3.6) | (4.2) | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (4.9) | 16.1 | (32.2) | 33.1 | (2.3) | (27.4) | 9.6 | 4.1 | 1.0 | 1.4 | 3.6 | (1.2) | 5.7 | 23.6 | (27.3) | 8.1 | (1.0) | 1.4 | (0.8) |
| Other Non-Cash Items | (485.3) | 54.0 | (31.1) | (603.0) | (644.0) | 160.2 | (109.5) | (94.6) | (21.1) | (126.6) | (177.7) | (319.8) | (344.0) | (210.0) | (107.9) | 31.6 | (240.4) | 66.2 | (201.1) |
| Operating Cash Flow | (113.6) | 343.9 | 195.4 | (416.5) | (306.0) | 187.7 | (118.5) | (8.5) | 62.2 | (56.1) | (103.2) | (255.6) | (297.6) | (158.3) | (118.1) | 65.9 | (221.4) | 64.2 | (201.8) |
| Investing Activities | |||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.4 | (17.2) | (36.4) | (1.4) | (13.6) | 8.4 | (1.2) | (26.4) | (0.2) | (4.0) |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.4 | (17.2) | (36.4) | (1.4) | (13.6) | 8.4 | (1.2) | (26.4) | (0.2) | (4.0) |
| Financing Activities | |||||||||||||||||||
| Net Debt Issuance | 287.7 | 237.7 | 25.5 | 551.5 | 542.8 | (201.8) | 236.6 | 64.7 | (84.1) | 51.6 | 116.1 | 276.5 | 68.5 | 114.6 | 63.7 | (141.3) | 192.2 | (50.5) | 173.5 |
| Stock Repurchased | (77.8) | (4.8) | (63.8) | (36.4) | (14.7) | (45.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.4) | (3.4) | (44.5) | 0 |
| Dividends Paid | (368.2) | (338.2) | (191.5) | (155.2) | (139.1) | (136.4) | (75.3) | (71.1) | (76.8) | (59.5) | (60.0) | (55.0) | (43.3) | (29.6) | (23.9) | (9.7) | 0 | 0 | 0 |
| Other Financing Activities | (10.6) | (19.0) | (5.8) | (6.7) | (22.2) | (4.5) | (4.1) | (2.0) | (2.3) | (2.5) | (2.8) | (4.9) | (4.6) | (2.7) | (4.3) | 29.9 | 58.9 | 0 | (1.0) |
| Financing Cash Flow | (131.6) | (124.2) | (235.5) | 353.1 | 366.9 | (87.8) | 157.2 | (8.3) | (89.2) | 48.1 | 120.8 | 280.8 | 301.4 | 139.4 | 94.9 | (3.5) | 247.8 | (63.9) | 205.8 |
| Cash Position | |||||||||||||||||||
| Net Change in Cash | (247.1) | 219.3 | (40.3) | (63.8) | 59.9 | 100.2 | 38.5 | (16.9) | (27.0) | (7.9) | 92.3 | (11.2) | 2.4 | (32.5) | (14.9) | 61.2 | 0 | 0 | 0 |
| Cash at Beginning | 359.6 | 140.2 | 180.6 | 244.3 | 184.4 | 84.2 | 45.7 | 62.6 | 89.5 | 97.5 | 5.1 | 16.3 | 13.9 | 46.4 | 61.2 | 0 | 0 | 0 | 0 |
| Cash at End | 112.4 | 359.6 | 140.2 | 180.6 | 244.3 | 184.4 | 84.2 | 45.7 | 62.6 | 89.5 | 97.5 | 5.1 | 16.3 | 13.9 | 46.4 | 61.2 | 0 | 4.3 | 0 |
| Free Cash Flow | (113.6) | 343.9 | 195.4 | (416.5) | (306.0) | 187.7 | (118.5) | (8.5) | 62.2 | (56.1) | (103.2) | (255.6) | (297.6) | (158.3) | (118.1) | 65.9 | (221.4) | 64.2 | (201.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 870.8 | 611.1 | 572.5 | 346.3 | 415.2 | 141.7 | 30.9 | 120.8 | 119.1 | 127.9 | 101.2 | 91.2 | 64.3 | 47.0 | 39.1 | 33.1 | 33.3 | 16.2 | 1.9 |
| Gross Profit | 709.6 | 498.7 | 427.7 | 255.6 | 349.5 | 66.8 | (12.7) | 87.6 | 87.6 | 127.9 | 76.7 | 71.0 | 51.9 | 36.2 | 33.4 | 29.8 | 30.5 | 0 | 0 |
| Operating Income | 687.4 | 482.4 | 426.0 | 244.2 | 340.8 | 54.9 | (18.6) | 82.0 | 82.3 | 93.0 | 70.8 | 65.4 | 46.5 | 31.8 | 22.8 | 23.4 | 25.5 | 5.2 | 1.2 |
| Net Income | 376.1 | 273.8 | 272.0 | 155.6 | 340.3 | 54.9 | (18.6) | 82.0 | 82.3 | 69.2 | 70.8 | 65.4 | 46.5 | 31.8 | 21.3 | 26.2 | 20.0 | (3.4) | 0.1 |
| EPS (Diluted) | 1.42 | 1.36 | 1.52 | 0.90 | 2.03 | 0.37 | -0.28 | 1.33 | 1.45 | 1.33 | 1.44 | 1.44 | 1.35 | 1.31 | 1.03 | 1.40 | 1.09 | -0.19 | 0.00 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 23.6 | 131.2 | 69.8 | 124.1 | 181.1 | 25.1 | 6.5 | 6.0 | 4.0 | 10.9 | 5.5 | 5.1 | 16.3 | 13.9 | 46.4 | 61.2 | 0 | ||
| Total Assets | 8,978.3 | 8,706.0 | 5,733.5 | 5,681.2 | 5,164.9 | 4,444.3 | 4,394.9 | 1,835.6 | 1,754.2 | 1,756.5 | 1,633.4 | 1,443.4 | 1,091.7 | 734.1 | 559.6 | 442.8 | 409.1 | ||
| Total Debt | 4,900.8 | 4,599.4 | 3,117.7 | 3,076.4 | 2,551.4 | 2,017.8 | 2,119.5 | 842.7 | 776.8 | 859.5 | 806.0 | 697.5 | 420.9 | 352.3 | 237.7 | 174 | 315.3 | ||
| Stockholders' Equity | 3,982.6 | 4,014.5 | 2,547.9 | 2,544.5 | 2,582.7 | 2,396.2 | 2,222.9 | 968.9 | 957.9 | 878.8 | 810.9 | 732.7 | 658.2 | 375.1 | 316.5 | 260.5 | 92.8 | ||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | (113.6) | 343.9 | 195.4 | (416.5) | (306.0) | 187.7 | (118.5) | (8.5) | 62.2 | (56.1) | (103.2) | (255.6) | (297.6) | (158.3) | (118.1) | 65.9 | (221.4) | 64.2 | (201.8) |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | (113.6) | 343.9 | 195.4 | (416.5) | (306.0) | 187.7 | (118.5) | (8.5) | 62.2 | (56.1) | (103.2) | (255.6) | (297.6) | (158.3) | (118.1) | 65.9 | (221.4) | 64.2 | (201.8) |