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PennantPark Floating Rate Capital Ltd.

PFLT Financial Asset Management

PennantPark Floating Rate Capital Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $261.4 million, up 40.3% from fiscal 2024. In the quarter to June 2026, revenue grew 4.07%, EPS fell 57.9%, free cash flow grew 392.8% and total debt rose 5.58%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

6.51 0.14 −2.11%
Market cap
$660.1M
P/E
12.8×
Fwd P/E
10.2×
Dividend yield
15.9%
F-score
1/9
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 0.89%

Capital & Financial Ratios $m

Market Cap 660.13
Revenue 271.11
Net Income 50.25
Free Cash Flow (58.40)
Net Debt 857.93
Current Ratio 0.19
Debt/Equity 0.94
P/E ratio 12.76
Fwd P/E 10.20
P/S ratio 2.38
P/B ratio 0.63
Past 5Y EPS Growth 8.90%
This Y EPS Growth (9.09%) (below 0%: weak)
Next Y EPS Growth 0.91%
Next Y revenue growth 2.36%
Next 5Y EPS Growth (3.45%) (below 0%: weak)

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

Valuation vs history

P/E against its own 10 years 47.94%
10-year low 10-year high
P/S against its own 10 years 0.74%
10-year low 10-year high
P/B against its own 10 years 1.81%
10-year low 10-year high

Dividends

Payout Ratio 2.03
Annual Dividend Rate 1.04
Annual Dividend Yield 15.94%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.14
0.10
0.10
0.10
0.10
0.10
0.08
0.08
0.08
0.08
0.00
2025 1.23
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2024 1.23
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2023 1.21
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2022 1.24
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2021 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2020 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2019 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2018 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.08
0.02
0.08
0.02
0.08
0.02
0.01
0.08
0.10
0.10
2017 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
2016 1.14
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 101 112 123 101
Receivables 10 12 14 13
Inventory — — — —
Other 1 1 — 6
112 125 139 122
2023 2024 2025 Q'26
Payables 36 494 741 359
ST’ Debt — — — —
Other — — — —
297 681 928 658

Compound Annual Growth %

10y 5y 3y
Sales 24.03% 22.32% 35.33%
Cash Flow 0.00% 0.00% 0.00%
Earnings 18.16% 29.23% 167.86%
Book Value 11.16% 17.62% 26.80%

Revenue $m

Dec Mar Jun Sep Year
’26 70 66 66 — —
’25 67 62 64 69 261
’24 38 44 49 56 186
’23 31 35 38 36 139
’22 26 25 26 29 105
’21 21 19 21 22 83
’20 25 26 23 22 95
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 149 24 103 — —
’25 (233) (118) (35) (335) (721)
’24 (182) (173) (155) (292) (801)
’23 6 9 47 78 141
’22 (82) (20) (10) 65 (47)
’21 55 62 7 (75) 50
’20 (66) (93) 96 58 (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 149 24 103 — —
’25 (233) (118) (35) (335) (721)
’24 (182) (173) (155) (292) (801)
’23 6 9 47 78 141
’22 (82) (20) (10) 65 (47)
’21 55 62 7 (75) 50
’20 (66) (93) 96 58 (5)
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 (0.04) 0.29 0.08 — —
’25 0.35 0.01 0.19 0.18 0.72
’24 0.38 0.51 0.25 0.29 1.40
’23 (0.04) 0.15 0.11 0.48 0.77
’22 0.37 0.18 (0.12) (0.34) 0.08
’21 0.67 0.30 0.38 0.11 1.46
’20 0.26 (0.54) 0.32 0.43 0.47
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 9.73 13.24 11.05 11.14 3.34 10.33 9.43 9.69 10.28 8.40

Analyst estimates 2026–2028

Powerpack
High 14.17 14.65 14.12 13.42 12.67 13.92 14.38 12.33 12.63 11.50
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 46 59 72 93 95 83 105 139 186 261
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 33 36 33 11 18 57 3 39 92 66
EBT margin, % 72.33 61.05 46.38 12.28 19.28 68.34 3.27 28.18 49.28 25.39
Net income 33 36 33 11 18 57 3 39 92 66
Depreciation (9) 1 (6) 1 11 (32) 26 11 (17) 27
Per share, $
Per share, $ Revenue 1.73 1.97 1.89 2.40 2.46 2.13 2.57 2.74 2.84 2.83
Earnings 1.25 1.20 0.87 0.29 0.47 1.46 0.08 0.77 1.40 0.72
Cash flow (6.19) (2.53) (5.44) (3.13) (0.13) 1.28 (1.13) 2.77 (12.19) (7.79)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow (6.19) (2.53) (5.44) (3.13) (0.13) 1.28 (1.13) 2.77 (12.19) (7.79)
Book value 14.06 15.12 13.99 12.97 12.31 12.66 12.84 12.86 13.35 11.61
Shares, m 27 30 38 39 39 39 41 51 66 93
Valuation, ×
Valuation, × P/E 10.58 12.13 15.23 40.00 17.96 8.76 106.67 14.90 8.09 12.12
P/S 7.64 7.40 6.95 4.84 3.43 6.00 3.74 3.81 4.08 3.15
P/B 0.94 0.96 0.94 0.89 0.69 1.01 0.75 0.81 0.87 0.77
EV/Sales 7.01 7.09 5.95 6.57 5.18 8.12 5.39 4.71 6.43 6.15
EV/FCF (1.96) (5.50) (2.06) (5.03) (100.10) 13.48 (12.21) 4.67 (1.49) (2.23)
Cash, $m
Cash, $m Operating cash flow (165) (77) (208) (121) (5) 50 (47) 141 (801) (721)
Capex — — — — — — — — — —
Free cash flow (165) (77) (208) (121) (5) 50 (47) 141 (801) (721)
Balance, $m
Balance, $m Working capital (223) (267) (465) (357) (385) (399) (406) (184) (555) (790)
Total debt 232 257 468 224 225 225 226 227 549 908
Net debt 203 238 396 161 167 176 175 126 437 786
Shareholders’ equity 376 458 536 503 477 491 527 654 877 1,075
Returns, %
Returns, % ROA 6.39 5.27 3.67 1.02 1.60 4.87 0.29 3.26 5.59 2.64
ROIC 2.95 3.00 2.08 4.28 4.21 3.72 4.33 5.41 3.70 3.60
ROE 8.94 8.71 6.74 2.20 3.76 11.68 0.68 6.65 12.00 6.80
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

PennantPark Floating Rate Capital Ltd. 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 $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
MFIC MidCap Financial Investment Corporation $700.2M — (loss-making) 14.7× −16.03% (below 0%: shrinking) n/m +307.98% (above 0%: growing) 100.00% 87.62% Compare
BCSF Bain Capital Specialty Finance, Inc. $689.6M 10.4× 9.7× −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. $660.1M 12.8× 10.2× +4.07% (above 0%: growing) −57.89% (below 0%: shrinking) +392.80% (above 0%: growing) 100.00% 77.14%
NMFC New Mountain Finance Corporation $651.3M — (loss-making) 29.5× −4.25% (below 0%: shrinking) +157.14% (above 0%: growing) −39.48% (below 0%: shrinking) 100.00% 0.00% Compare
ACGP Associated Capital Group, Inc. $649.9M 14.8× 4.2× +13.32% (above 0%: growing) +3.41% (above 0%: growing) +254.80% (above 0%: growing) 100.00% (314.07%) Compare
SLRC SLR Investment Corp. $629.0M 8.4× 9.9× −9.45% (below 0%: shrinking) −65.91% (below 0%: shrinking) +112.02% (above 0%: growing) 100.00% 70.73% Compare
GAIN Gladstone Investment Corporation $610.1M 3.6× 17.7× +20.43% (above 0%: growing) n/m +116.07% (above 0%: growing) 63.66% 76.50% Compare
Median of peers $670.4M 10.4× 9.9× −6.85% −33.43% +138.82% 100.00% 63.94%

All 120 Asset Management stocks →

PennantPark Floating Rate Capital Ltd. (PFLT) key facts

  • Strength: PennantPark Floating Rate Capital Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $261.4 million, up 40.3% from fiscal 2024.
  • PennantPark Floating Rate Capital Ltd. (PFLT) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PFLT traded at $6.51, a market capitalization of $660.1 million.
  • PennantPark Floating Rate Capital Ltd. pays an annual dividend of $1.04 per share, a yield of 15.9%.
  • Return on equity was 6.80% and debt-to-equity 0.94.
  • Its Piotroski F-score is 1 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

PennantPark Floating Rate Capital Ltd. (PFLT) Latest News

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