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Fidus Investment Corporation

FDUS Financial Asset Management

Fidus Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $155.9 million, up 6.65% from fiscal 2024.

Revenue
+23.3%
EPS
−3.24%
Free cash flow
+118.2%
Total debt
+47.3%

Quarter to September 2026, against a year earlier

19.72 0.22 +1.13%
Market cap
$775.5M
P/E
9.4×
Fwd P/E
9.4×
Dividend yield
2.20%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 775.53
Revenue ttm 179.09
Net income ttm 78.50
Free cash flow ttm (173.52)
Net debt Q (32.70)
Valuation
P/E 9.42
Forward P/E 9.41
Price / sales 4.24
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.98
Financial health
Current ratio Q 0.00
Debt / equity Q 0.00
Interest coverage Q 2.82
Growth
Revenue growth Q +23.25% (above 0%: growing)
Operating income growth Q +19.52% (above 0%: growing)
EPS, this year +0.19%
EPS, next year A −7.22% (below 0%: weak)
Revenue, next year A +15.99% (at or above 10%: strong)
EPS, past 5 yrs +12.63%
EPS, next 5 yrs A −5.63% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 80.56%
10-year low 10-year high
P/S against its own 10 years 17.71%
10-year low 10-year high
P/B against its own 10 years 60.98%
10-year low 10-year high

Dividends

Yield
2.20%
Annual rate
0.43
Payout ratio
20.8%
Growth, 2017–25
−100.0%/yr
  1. 1.56 ’17
  2. 1.17 ’18 −25
  3. 1.56 ’19 +33
  4. 1.29 ’20 −17
  5. 0.95 ’21 −26
  6. 0.72 ’22 −24
  7. 0.41 ’23 −43
  8. 0.86 ’24 +110
  9. 0.00 ’25 −100
  10. 2.14 ’26e
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 119 57 80 33
Receivables 12 15 21 25
Inventory — — — —
Other — — — —
133 74 102 —
2023 2024 2025 Q'26
Payables 1 1 2 1
ST’ Debt 204 169 231 —
Other 27 25 28 —
501 508 685 731

Compound Annual Growth %

10y 5y 3y
Sales 11.13% 12.86% 18.30%
Cash Flow 0.00% 0.00% 0.00%
Earnings 12.24% 21.42% 32.01%
Book Value 11.61% 12.55% 15.59%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.50 Actual 0.50

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.50 0.50 Met by 0.00
Q4 FY25 0.48 0.52 Beat by 0.04
Q1 FY26 0.50 0.62 Beat by 0.12
Q2 FY26 0.50 0.50 Met by 0.00
Q3 FY26 0.51 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.52 0.53 0.52 — —
’25 0.58 0.72 0.54 0.50 2.32
’24 0.65 0.75 0.49 0.52 2.40
’23 0.62 0.44 0.91 0.91 2.93
’22 0.48 0.33 0.47 0.19 1.46
’21 0.47 1.06 1.16 2.06 4.75
’20 (1.10) 0.33 0.85 1.20 1.28
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 48 44 46 — —
’25 36 40 37 42 156
’24 35 36 38 37 146
’23 29 31 34 36 130
’22 21 21 25 27 94
’21 23 22 21 24 90
’20 20 20 21 24 85
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (42) 6 — —
’25 (50) 40 (32) (105) (147)
’24 (78) (3) 5 21 (55)
’23 (41) (17) 25 3 (29)
’22 (91) (2) (24) 12 (106)
’21 44 0 55 69 168
’20 13 (8) 42 9 56
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (42) 6 — —
’25 (50) 40 (32) (105) (147)
’24 (78) (3) 5 21 (55)
’23 (41) (17) 25 3 (29)
’22 (91) (2) (24) 12 (106)
’21 44 0 55 69 168
’20 13 (8) 42 9 56
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 60 69 76 77 85 90 94 130 146 156 179 +11.1% 181 185 174 +3.7%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 27 34 36 32 41 26 48 66 77 76 86 +12.2%
EBT margin, % 44.87 49.53 46.81 42.11 47.59 28.34 50.95 50.83 52.74 48.82 48.05 +4.0 pt
Net income 42 44 49 48 31 116 36 77 78 82 78 +7.9%
Per share, $
Per share, $ Revenue 3.29 2.92 3.12 3.15 3.48 3.70 3.85 4.94 4.49 4.39 4.60 +3.2%
Earnings 2.27 1.87 2.02 1.98 1.28 4.75 1.46 2.93 2.40 2.32 2.07 +0.2%
Cash flow (1.84) (1.20) 0.33 (2.81) 2.29 6.87 (4.31) (1.12) (1.70) (4.14) (4.46) +9.4%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow (1.84) (1.20) 0.33 (2.81) 2.29 6.87 (4.31) (1.12) (1.70) (4.14) (4.46) +9.4%
Book value 19.35 16.72 16.47 16.85 16.81 19.96 19.63 22.36 20.12 20.90 19.91 +0.9%
Shares, m 18 24 24 24 24 24 24 26 33 35 38 +7.6%
Valuation, ×
Valuation, × P/E 7.12 8.36 5.79 7.49 10.23 3.79 13.05 6.82 8.72 8.25 9.42 8.0
P/S 4.91 5.33 3.74 4.71 3.76 4.86 4.99 3.98 4.69 4.39 4.24 4.5
P/B 0.84 0.93 0.71 0.88 0.78 0.90 0.98 0.88 1.04 0.92 0.98 0.9
EV/Sales 7.61 8.03 5.64 6.51 3.99 4.13 5.90 4.63 5.45 5.36 — 5.7
EV/FCF (13.63) (19.54) 52.87 (7.30) 6.07 2.23 (5.26) (20.47) (14.40) (5.69) — (2.5)
Cash, $m
Cash, $m Operating cash flow (34) (28) 8 (69) 56 168 (106) (29) (55) (147) (174) +17.8%
Capex — — — — — — — — — — — —
Free cash flow (34) (28) 8 (69) 56 168 (106) (29) (55) (147) (174) +17.8%
Balance, $m
Balance, $m Working capital (171) (203) (240) (355) (332) (231) (380) (368) (435) (583) (731) +14.6%
Net debt 163 185 145 139 20 (65) 86 85 112 151 (33) (0.8%)
Shareholders’ equity 354 393 403 412 411 488 480 589 656 742 774 +8.6%
Returns, %
Returns, % ROA 7.79 7.13 7.38 6.53 3.75 13.10 3.91 7.61 6.94 6.36 5.64 (1.4) pt
ROIC 3.27 3.67 4.08 3.68 5.88 3.79 5.29 6.13 6.28 5.33 7.25 +2.1 pt
ROE 13.83 11.77 12.42 11.89 7.59 25.84 7.40 14.42 12.58 11.79 10.57 (2.0) pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Fidus Investment Corporation vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BUR Burford Capital Limited $869.6M — (loss-making) — (loss-making) +110.46% (above 0%: growing) n/m −531.48% (below 0%: shrinking) 100.00% 66.57% Compare
MFIC MidCap Financial Investment Corporation $846.0M — (loss-making) 56.7× −24.94% (below 0%: shrinking) n/m +21.89% (above 0%: growing) 100.00% 0.00% Compare
KBDC Kayne Anderson BDC, Inc. $841.3M 15.2× 10.9× −2.78% (below 0%: shrinking) −71.43% (below 0%: shrinking) +221.15% (above 0%: growing) 86.61% 84.68% Compare
VRTS Virtus Investment Partners, Inc. $827.0M 7.0× — (loss-making) −4.35% (below 0%: shrinking) +9.87% (above 0%: growing) −24.42% (below 0%: shrinking) 100.00% 13.57% Compare
FDUS Fidus Investment Corporation $775.5M 9.4× 9.4× +23.25% (above 0%: growing) −3.24% (below 0%: shrinking) +118.22% (above 0%: growing) 100.00% 71.60%
CGBD Carlyle Secured Lending, Inc. $749.3M 20.7× 16.5× −4.97% (below 0%: shrinking) n/m +7.08% (above 0%: growing) 100.00% 0.00% Compare
PSEC Prospect Capital Corporation $739.3M — (loss-making) 4.2× −3.73% (below 0%: shrinking) n/m +36.81% (above 0%: growing) 74.32% 70.51% Compare
BCSF Bain Capital Specialty Finance, Inc. $724.6M 11.3× 10.3× −12.14% (below 0%: shrinking) −40.54% (below 0%: shrinking) +10,857.59% (above 0%: growing) 100.00% 80.20% Compare
PFLT PennantPark Floating Rate Capital Ltd. $677.7M 13.4× 11.7× +4.07% (above 0%: growing) −57.89% (below 0%: shrinking) +392.80% (above 0%: growing) 100.00% 77.14% Compare
Median of peers $788.1M 13.4× 11.3× −4.04% −49.21% +29.35% 100.00% 68.54%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 20 March 2026

Ownership

Directors and executive officers, together 0.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Fidus Investment Corporation (FDUS) Latest News

5 Nov

Impact 3 · · GlobeNewswire

7 Aug

Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby
Impact 3 ·
Impact 3 ·

6 Aug

Impact 3 ·

8 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby

7 May

Impact 4 ·
Impact 3 · · GlobeNewswire

27 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby

26 Feb

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

5 Dec

Impact 3 · · Zacks

8 Nov

Impact 3 · · GuruFocus.com

7 Nov

Impact 4 · · Moby

6 Nov

Impact 3 · · Zacks
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

23 Oct

Impact 3 · · Zacks

1 Oct

Impact 3 · · GlobeNewswire

9 Aug

Impact 4 ·

10 May

Impact 3 · · GuruFocus.com
stockrow.com/FDUS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com