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Goldman Sachs BDC, Inc.

GSBD Financial Asset Management

Goldman Sachs BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $365.6 million, down 15.8% from fiscal 2024. In the quarter to June 2026, revenue fell 7.97%, EPS fell 38.2%, free cash flow fell 69.3% and total debt rose 2.90%, each against the same quarter a year earlier.

8.73 0.19 −2.13%
Market cap
$1.0B
P/E
16.8×
Fwd P/E
11.2×
Dividend yield
15.8%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.18%

Capital & Financial Ratios $m

Market Cap 1,000.00
Revenue 340.18
Net Income 58.48
Free Cash Flow 81.42
Net Debt 1,838.24
Current Ratio 0.69
Debt/Equity 1.36
P/E ratio 16.79
Fwd P/E 11.20
P/S ratio 2.89
P/B ratio 0.72
Past 5Y EPS Growth (20.58%) (below 0%: weak)
This Y EPS Growth (18.76%) (below 0%: weak)
Next Y EPS Growth (7.53%) (below 0%: weak)
Next Y revenue growth (11.18%) (below 0%: weak)
Next 5Y EPS Growth (11.53%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 52.09%
10-year low 10-year high
P/S against its own 10 years 2.06%
10-year low 10-year high
P/B against its own 10 years 2.91%
10-year low 10-year high

Dividends

Payout Ratio 2.65
Annual Dividend Rate 1.38
Annual Dividend Yield 15.81%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.32
0.03
0.32
0.32
0.03
0.32
2025 1.67
0.16
0.05
0.16
0.03
0.32
0.04
0.32
2024 1.80
0.45
0.45
0.45
0.45
2023 1.80
0.45
0.45
0.45
0.45
2022 1.80
0.45
0.45
0.45
0.45
2021 1.80
0.05
0.45
0.05
0.45
0.05
0.45
0.45
2020 1.80
0.45
0.45
0.45
0.45
2019 1.80
0.45
0.45
0.45
0.45
2018 1.80
0.45
0.45
0.45
0.45
2017 1.80
0.45
0.45
0.45
0.45
2016 1.80
0.45
0.45
0.45
0.45
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 52 62 43 14
Receivables 39 28 27 24
Inventory — — — —
Other — — — —
106 102 83 54
2023 2024 2025 Q'26
Payables 84 89 74 70
ST’ Debt — — — —
Other — — — —
93 101 82 77

Compound Annual Growth %

10y 5y 3y
Sales 11.93% 16.15% 0.75%
Cash Flow 0.00% 14.46% 128.11%
Earnings 9.85% (7.50%) 29.43%
Book Value 7.53% (2.50%) (1.79%)

Revenue $m

Mar Jun Sep Dec Year
’26 79 84 — — —
’25 97 91 92 86 366
’24 112 109 110 104 434
’23 107 112 120 115 455
’22 78 77 95 106 357
’21 83 84 97 84 347
’20 32 31 31 79 173
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 10 54 — — —
’25 134 174 47 (30) 326
’24 7 (122) 104 13 2
’23 32 26 160 83 301
’22 39 (95) (54) 137 27
’21 100 133 64 (327) (30)
’20 (104) 13 17 239 166
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 54 — — —
’25 134 174 47 (30) 326
’24 7 (122) 104 13 2
’23 32 26 160 83 301
’22 39 (95) (54) 137 27
’21 100 133 64 (327) (30)
’20 (104) 13 17 239 166
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.12) 0.21 — — —
’25 0.27 0.34 0.22 0.21 1.03
’24 0.39 (0.47) 0.32 0.33 0.55
’23 0.27 0.60 0.47 0.46 1.81
’22 0.39 0.18 (0.07) 0.03 0.54
’21 0.60 0.54 0.37 0.38 1.89
’20 (1.58) 0.86 0.80 3.18 3.26
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 16.66 21.00 17.73 18.08 8.00 17.00 13.54 12.75 11.87 9.26

Analyst estimates 2026–2028

Powerpack
High 23.81 25.60 22.75 22.47 22.50 20.65 20.60 16.52 15.94 13.45
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
Income, $m
Income, $m Revenue 125 137 147 147 173 347 357 455 434 366
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 41 50 54 36 176 192 55 196 63 119
EBT margin, % 32.49 36.22 36.58 24.55 101.82 55.46 15.39 43.06 14.47 32.63
Net income 41 50 54 36 176 192 55 196 63 119
Depreciation — (9) (9) 0 (22) 0 6 — 9 —
Per share, $
Per share, $ Revenue 3.44 3.54 3.65 3.65 3.21 3.41 3.50 4.20 3.79 3.16
Earnings 1.12 1.28 1.34 0.90 3.26 1.89 0.54 1.81 0.55 1.03
Cash flow (0.86) (1.28) (1.23) (0.87) 3.07 (0.29) 0.27 2.78 0.02 2.82
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow (0.86) (1.28) (1.23) (0.87) 3.07 (0.29) 0.27 2.78 0.02 2.82
Book value 18.31 18.79 17.67 16.77 29.94 15.88 14.69 14.79 13.71 12.31
Shares, m 36 39 40 40 54 102 102 108 115 116
Valuation, ×
Valuation, × P/E 20.97 17.66 13.82 23.64 5.87 10.14 26.36 8.11 21.23 8.92
P/S 6.76 6.39 5.03 5.83 5.96 5.62 4.00 3.48 3.19 2.93
P/B 1.27 1.20 1.04 1.27 0.64 1.21 0.95 0.99 0.88 0.75
EV/Sales 10.70 10.27 9.48 10.99 15.18 10.88 9.52 7.38 7.49 7.95
EV/FCF (42.71) (28.49) (28.26) (45.88) 15.84 (126.48) 123.97 11.16 1,324.84 8.93
Cash, $m
Cash, $m Operating cash flow (31) (49) (49) (35) 166 (30) 27 301 2 326
Capex — — — — — — — — — —
Free cash flow (31) (49) (49) (35) 166 (30) 27 301 2 326
Balance, $m
Balance, $m Working capital (6) (3) (7) (10) (2) (5) 8 12 1 1
Total debt 498 543 659 770 1,627 1,861 2,013 1,827 1,929 1,878
Net debt 494 531 653 760 1,595 1,828 1,973 1,774 1,868 1,835
Shareholders’ equity 665 726 710 676 1,615 1,614 1,502 1,602 1,573 1,423
Returns, %
Returns, % ROA 3.50 3.98 3.98 2.52 7.36 5.61 1.54 5.51 1.76 3.41
ROIC 4.17 4.06 3.87 3.55 2.17 4.33 4.19 4.67 4.68 3.56
ROE 6.01 7.12 7.48 5.22 15.37 11.92 3.53 12.62 3.96 7.96
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Goldman Sachs BDC, Inc. 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
MSDL Morgan Stanley Direct Lending Fund $1.1B 18.9× 11.6× −10.79% (below 0%: shrinking) −78.05% (below 0%: shrinking) +331.94% (above 0%: growing) 100.00% 79.95% Compare
OCSL Oaktree Specialty Lending Corp. $1.0B 24.1× 22.2× −7.76% (below 0%: shrinking) −20.45% (below 0%: shrinking) +173.07% (above 0%: growing) 94.24% 82.04% Compare
GSBD Goldman Sachs BDC, Inc. $1.0B 16.8× 11.2× −7.97% (below 0%: shrinking) −38.24% (below 0%: shrinking) −69.26% (below 0%: shrinking) 100.00% 87.38%
RPC Ridgepost Capital, Inc. $906.2M 31.8× 35.2× +11.29% (above 0%: growing) +133.33% (above 0%: growing) +108.29% (above 0%: growing) 100.00% 21.90% Compare
BBDC BARINGS BDC, INC. $900.5M 10.2× 9.2× −12.36% (below 0%: shrinking) −10.00% (below 0%: shrinking) +129.93% (above 0%: growing) 100.00% 77.28% Compare
PSEC Prospect Capital Corporation $870.1M 32.0× 6.4× −6.70% (below 0%: shrinking) n/m −475.83% (below 0%: shrinking) 74.95% 70.34% Compare
KBDC Kayne Anderson BDC, Inc. $834.1M 11.4× 9.9× −2.78% (below 0%: shrinking) −54.29% (below 0%: shrinking) −2,950.25% (below 0%: shrinking) 86.61% 84.68% Compare
VRTS Virtus Investment Partners, Inc. $813.9M 6.8× — (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 $773.1M 9.1× 9.1× +8.84% (above 0%: growing) −26.39% (below 0%: shrinking) −204.97% (below 0%: shrinking) 100.00% 68.28% Compare
Median of peers $885.3M 15.1× 9.9× −5.52% −20.45% +41.94% 100.00% 73.81%

All 120 Asset Management stocks →

Goldman Sachs BDC, Inc. (GSBD) key facts

  • Concern: Goldman Sachs BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $365.6 million, down 15.8% from fiscal 2024.
  • Goldman Sachs BDC, Inc. (GSBD) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, GSBD traded at $8.73, a market capitalization of $1.0 billion.
  • Goldman Sachs BDC, Inc. pays an annual dividend of $1.38 per share, a yield of 15.8%.
  • Return on equity was 7.96% and debt-to-equity 1.36.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Goldman Sachs BDC, Inc. (GSBD) Latest News

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stockrow.com/GSBD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com