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) Operating margin

Alert me on Operating margin

Golub Capital BDC, Inc.'s operating margin over the twelve months to 30 June 2026 was 78.2%, down 0.8 percentage points from fiscal 2025 (78.9%). Over the past ten years it has ranged from 69.6% (fiscal 2015) to 82.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 78.9% (3.31)
FY2024 82.3% 8.73
FY2023 73.5% (0.12)
FY2022 73.6% (2.36)
FY2021 76.0% 4.44
FY2020 71.6% (3.66)
FY2019 75.2% 3.46
FY2018 71.8% (1.62)
FY2017 73.4% 0.62
FY2016 72.8% 3.15

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 77.9% (0.05)
Mar 2026 77.9% (0.36)
Dec 2025 78.3% (0.27)
Sep 2025 78.6% (0.20)
42 more quarters

Against its own ten years

Low 69.6% High 82.3%
Ten-year median 73.5%
Current reading's percentile 81

Operating margin against peers

Company Operating margin
HTGC Hercules Capital, Inc. compare 78.9%
GBDC Golub Capital BDC, Inc. 78.2%
WT WisdomTree, Inc. compare 40.0%
APAM Artisan Partners Asset Management Inc. compare 33.4%
CNS Cohen & Steers Inc compare 32.4%
AAMI Acadian Asset Management Inc. compare 25.5%
FSK FS KKR Capital Corp. compare 0.00%
ASST Strive, Inc. compare −9,606.3%
AB AllianceBernstein Holding L.P. compare —
Asset Management industry median 27.3%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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