Golub Capital BDC, Inc.

GBDC Financial Asset Management

Golub Capital BDC, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $870.8 million, up 20.2% from fiscal 2024.

Revenue
−14.0%
EPS
−35.3%
Free cash flow
+196.2%
Total debt
−11.5%

Quarter to June 2026, against a year earlier

12.93 0.15 −1.15%
Market cap
$3.4B
P/E
19.9×
Fwd P/E
20.6×
Dividend yield
10.7%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Golub Capital BDC, Inc. (GBDC) Net margin

Alert me on Net margin

Golub Capital BDC, Inc.'s net margin over the twelve months to 30 June 2026 was 21.5%, down 21.8 percentage points from fiscal 2025 (43.3%). Over the past ten years it has ranged from −10.8% (fiscal 2019) to 110.8% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Asset Management industry median of 11.9% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 43.3% 5.47
FY2024 37.8% (5.10)
FY2023 42.9% 3.31
FY2022 39.6% (71.23)
FY2021 110.8% 92.45
FY2020 18.4% 29.13
FY2019 −10.8% (64.65)
FY2018 53.9% (5.86)
FY2017 59.7% 5.61
FY2016 54.1% (4.89)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 30.4% 55.24
Mar 2026 −24.9% (56.39)
Dec 2025 31.5% (12.68)
Sep 2025 44.2% 2.95
42 more quarters

Against its own ten years

Low −10.8% High 110.8%
Ten-year median 43.3%
Current reading's percentile 14

Net margin against peers

Company Net margin
HTGC Hercules Capital, Inc. compare 62.8%
CNS Cohen & Steers Inc compare 28.2%
APAM Artisan Partners Asset Management Inc. compare 22.5%
GBDC Golub Capital BDC, Inc. 21.5%
AAMI Acadian Asset Management Inc. compare 17.0%
WT WisdomTree, Inc. compare 16.5%
AB AllianceBernstein Holding L.P. compare 0.00%
FSK FS KKR Capital Corp. compare −41.8%
ASST Strive, Inc. compare −11,474.6%
Asset Management industry median 11.9%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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