Saturday 17 October 2026
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Kayne Anderson BDC, Inc.
KBDC Financial Asset Management
Kayne Anderson BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $235.8 million, up 10.7% from fiscal 2024. In the quarter to June 2026, revenue fell 2.78%, EPS fell 54.3%, free cash flow fell 2,950.3% and total debt rose 17.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
12.43
0.20
−1.58%
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Target Price Range
Analyst price targets
Free accountTen 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 | — | — | — | — | — | — | — | — | 15.69 | 13.06 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | 17.22 | 17.99 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 19 | 75 | 161 | 213 | 236 | ||||
| Gross margin, % | — | — | — | — | — | 88.48 | 84.17 | 87.04 | 83.61 | 83.45 | |||||
| EBT | — | — | — | — | (1) | 22 | 46 | 77 | 133 | 95 | |||||
| EBT margin, % | — | — | — | — | 0.00 | 118.84 | 61.16 | 47.87 | 62.25 | 40.44 | |||||
| Net income | — | — | — | — | (1) | 22 | 46 | 77 | 132 | 94 | |||||
| Depreciation | — | — | — | — | — | 0 | 2 | 3 | 4 | 4 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 1.75 | 2.75 | 4.10 | 3.34 | 3.36 | ||||
| Earnings | — | — | — | — | — | 2.08 | 1.68 | 1.96 | 2.07 | 1.33 | |||||
| Cash flow | — | — | — | — | 0.00 | (52.17) | (19.93) | (2.80) | (8.54) | (1.41) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | — | — | — | — | 0.00 | (52.17) | (19.93) | (2.80) | (8.54) | (1.41) | |||||
| Book value | — | — | — | — | 0.00 | 29.11 | 21.78 | 17.40 | 18.61 | 15.80 | |||||
| Shares, m | — | — | — | — | — | 11 | 27 | 39 | 64 | 70 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 8.01 | 8.01 | 8.01 | 7.87 | 10.77 | ||||
| P/S | — | — | — | — | — | 4.32 | 4.32 | 4.32 | 4.95 | 4.27 | |||||
| P/B | — | — | — | — | — | 0.91 | 0.91 | 0.91 | 0.89 | 0.91 | |||||
| EV/Sales | — | — | — | — | — | 7.95 | 7.95 | 7.95 | 8.83 | 8.94 | |||||
| EV/FCF | — | — | — | — | — | (10.95) | (10.95) | (10.95) | (3.45) | (21.35) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | (559) | (542) | (110) | (545) | (99) | ||||
| Capex | — | — | — | — | — | — | — | — | — | — | |||||
| Free cash flow | — | — | — | — | 0 | (559) | (542) | (110) | (545) | (99) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1) | 0 | (1) | 9 | 39 | 15 | ||||
| Total debt | — | — | — | — | — | 266 | 572 | 690 | 849 | 1,120 | |||||
| Net debt | — | — | — | — | 0 | 264 | 563 | 656 | 826 | 1,102 | |||||
| Shareholders’ equity | — | — | — | — | (1) | 312 | 592 | 683 | 1,186 | 1,110 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 7.60 | 5.14 | 5.89 | 7.53 | 4.29 | ||||
| ROIC | — | — | — | — | 0.00 | 1.66 | 3.30 | 6.43 | 5.97 | 5.51 | |||||
| ROE | — | — | — | — | 0.00 | 0.00 | 10.12 | 12.09 | 14.12 | 8.16 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Kayne Anderson 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 |
|---|---|---|---|---|---|---|---|---|---|
| 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% | |
| 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 |
| CGBD Carlyle Secured Lending, Inc. | $733.5M | 20.4× | 11.1× | −7.72% (below 0%: shrinking) | n/m | +131.88% (above 0%: growing) | 100.00% | 74.03% | Compare |
| BUR Burford Capital Limited | $722.5M | — (loss-making) | — (loss-making) | −42.14% (below 0%: shrinking) | −97.50% (below 0%: shrinking) | +161.57% (above 0%: growing) | 100.00% | 57.14% | Compare |
| VINP Vinci Compass Investments Ltd. | $717.4M | 15.2× | 8.7× | +30.12% (above 0%: growing) | −26.32% (below 0%: shrinking) | +17.98% (above 0%: growing) | 100.00% | 27.59% | Compare |
| Median of peers | $793.5M | 15.2× | 9.2× | −5.52% | −18.16% | +63.14% | 100.00% | 62.71% |
Kayne Anderson BDC, Inc. (KBDC) key facts
- Strength: Kayne Anderson BDC, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $235.8 million, up 10.7% from fiscal 2024.
- Kayne Anderson BDC, Inc. (KBDC) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, KBDC traded at $12.43, a market capitalization of $834.1 million.
- Kayne Anderson BDC, Inc. pays an annual dividend of $1.60 per share, a yield of 12.9%, with a payout ratio of 146.8%.
- Return on equity was 8.16% and debt-to-equity 1.16.
- Its Piotroski F-score is 1 out of 9 for fiscal 2025.