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PennantPark Investment Corporation

PNNT Financial Asset Management

PennantPark Investment Corporation’s revenue for fiscal 2025 (year ended September 2025) was $122.4 million, down 14.9% from fiscal 2024. In the quarter to June 2026, revenue fell 16.2%, EPS fell 41.7%, free cash flow fell 2.70% and total debt fell 12.9%, each against the same quarter a year earlier.

3.04 0.08 −2.56%
Market cap
$206.3M
P/E
19.6×
Fwd P/E
10.4×
Dividend yield
13.2%
F-score
4/9
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 3.26%

Capital & Financial Ratios $m

Market Cap 206.34
Revenue 104.91
Net Income 10.13
Free Cash Flow 113.21
Net Debt 536.39
Current Ratio 0.18
Debt/Equity 1.28
P/E ratio 19.59
Fwd P/E 10.40
P/S ratio 1.89
P/B ratio 0.46
Past 5Y EPS Growth —
This Y EPS Growth (24.30%) (below 0%: weak)
Next Y EPS Growth 4.42%
Next Y revenue growth (16.98%) (below 0%: weak)
Next 5Y EPS Growth (16.05%) (below 0%: weak)

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

Valuation vs history

P/E against its own 10 years 85.05%
10-year low 10-year high
P/S against its own 10 years 1.25%
10-year low 10-year high
P/B against its own 10 years 5.82%
10-year low 10-year high

Dividends

Payout Ratio 2.58
Annual Dividend Rate 0.40
Annual Dividend Yield 13.16%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.92
0.08
0.08
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
2025 0.96
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2024 0.91
0.07
0.07
0.07
0.07
0.07
0.08
0.08
0.08
0.08
0.08
0.08
0.08
2023 0.81
0.19
0.20
0.21
0.07
0.07
0.07
2022 0.60
0.14
0.15
0.15
0.17
2021 0.48
0.12
0.12
0.12
0.12
2020 0.54
0.18
0.12
0.12
0.12
2019 0.72
0.18
0.18
0.18
0.18
2018 0.72
0.18
0.18
0.18
0.18
2017 0.72
0.18
0.18
0.18
0.18
2016 1.12
0.28
0.28
0.28
0.28
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 39 50 52 12
Receivables 12 11 10 38
Inventory — — — —
Other — — — —
55 61 62 50
2023 2024 2025 Q'26
Payables 106 107 136 7
ST’ Debt — — — —
Other — — — 269
135 120 145 285

Compound Annual Growth %

10y 5y 3y
Sales (2.74%) 4.07% 5.25%
Cash Flow 42.58% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (4.25%) (2.47%) (7.47%)

Revenue $m

Dec Mar Jun Sep Year
’26 27 25 25 — —
’25 34 31 30 28 122
’24 34 36 37 36 144
’23 30 36 45 34 145
’22 28 24 23 29 105
’21 19 19 20 23 82
’20 26 28 25 21 100
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 135 36 50 — —
’25 19 142 51 (108) 105
’24 (155) 4 (17) (5) (172)
’23 (10) 70 55 107 223
’22 (177) 267 (187) 80 (17)
’21 35 12 49 (88) 8
’20 (71) (147) 63 27 (130)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 135 36 50 — —
’25 19 142 51 (108) 105
’24 (155) 4 (17) (5) (172)
’23 (10) 70 55 107 223
’22 (177) 267 (187) 80 (17)
’21 35 12 49 (88) 8
’20 (71) (147) 63 27 (130)
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 0.14 (0.04) 0.07 — —
’25 0.25 0.14 0.12 (0.01) 0.50
’24 0.16 0.25 0.06 0.28 0.75
’23 (1.10) 0.07 0.32 0.19 (0.52)
’22 0.38 0.05 (0.28) (0.52) (0.37)
’21 1.06 0.57 0.48 0.38 2.49
’20 0.29 (0.90) 0.23 0.14 (0.24)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
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 4.65 6.67 6.21 5.84 1.76 4.36 5.33 4.70 6.43 5.66

Analyst estimates 2026–2028

Powerpack
High 8.30 8.68 7.84 7.34 6.74 7.41 8.02 7.07 8.04 7.53
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 142 125 108 112 100 82 105 145 144 122
Gross margin, % 71.23 71.66 73.25 79.15 76.84 78.05 78.58 79.05 79.56 78.80
EBT 19 62 48 16 (16) 167 (25) (34) 49 33
EBT margin, % 13.19 49.55 44.07 14.21 (15.93) 204.22 (23.57) (23.26) 33.97 26.74
Net income 19 62 48 16 (16) 167 (25) (34) 49 33
Depreciation (5) (1) (1) (2) (1) 17 (11) (1) 3 (2)
Per share, $
Per share, $ Revenue 1.98 1.75 1.53 1.66 1.49 1.22 1.58 2.23 2.20 1.87
Earnings 0.26 0.87 0.68 0.24 (0.24) 2.49 (0.37) (0.52) 0.75 0.50
Cash flow 2.20 0.97 0.95 (1.20) (1.93) 0.12 (0.26) 3.42 (2.64) 1.60
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow 2.20 0.97 0.95 (1.20) (1.93) 0.12 (0.26) 3.42 (2.64) 1.60
Book value 8.98 9.10 8.90 8.59 7.84 9.85 8.84 7.70 7.57 7.11
Shares, m 72 71 71 68 67 67 66 65 65 65
Valuation, ×
Valuation, × P/E 28.37 8.77 11.01 26.13 0.00 2.61 0.00 0.00 9.30 13.55
P/S 3.79 4.30 4.89 3.79 2.13 5.33 3.45 2.89 3.17 3.58
P/B 0.84 0.83 0.84 0.73 0.41 0.66 0.62 0.84 0.92 0.94
EV/Sales 7.20 8.22 9.37 9.36 7.55 12.53 9.64 6.18 8.19 9.37
EV/FCF 6.48 14.78 15.15 (12.93) (5.84) 129.25 (58.49) 4.03 (6.83) 10.94
Cash, $m
Cash, $m Operating cash flow 158 69 67 (81) (130) 8 (17) 223 (172) 105
Capex — — — — — — — — — —
Free cash flow 158 69 67 (81) (130) 8 (17) 223 (172) 105
Balance, $m
Balance, $m Working capital 49 19 1 46 12 0 35 (79) (59) (83)
Total debt 560 526 504 684 568 607 705 517 772 739
Net debt 484 488 485 624 543 587 650 478 722 687
Shareholders’ equity 643 647 629 582 526 660 586 502 494 464
Returns, %
Returns, % ROA 1.44 5.06 4.04 1.30 (1.33) 13.83 (1.89) (2.73) 3.84 2.39
ROIC 4.05 3.42 2.99 2.85 2.46 1.86 2.52 4.45 3.22 2.66
ROE 2.76 9.57 7.48 2.63 (2.88) 28.10 (3.97) (6.22) 9.81 6.83
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

PennantPark Investment Corporation 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
RWAY Runway Growth Finance Corp. $273.3M 57.5× — (loss-making) +5.35% (above 0%: growing) +44.44% (above 0%: growing) −65,337.04% (below 0%: shrinking) 100.00% 84.24% Compare
SAR Saratoga Investment Corp $236.8M — (loss-making) 10.0× +1.77% (above 0%: growing) n/m −43.85% (below 0%: shrinking) 100.00% 68.55% Compare
LIEN Chicago Atlantic BDC, Inc. $208.8M 6.6× 6.2× +6.81% (above 0%: growing) −28.95% (below 0%: shrinking) +1,591.22% (above 0%: growing) 100.00% 61.95% Compare
PNNT PennantPark Investment Corporation $206.3M 19.6× 10.4× −16.21% (below 0%: shrinking) −41.67% (below 0%: shrinking) −2.70% (below 0%: shrinking) 78.27% 72.21%
SCM Stellus Capital Investment Corporation $205.6M 6.9× 9.7× −13.21% (below 0%: shrinking) +55.56% (above 0%: growing) +41.00% (above 0%: growing) 100.00% 72.26% Compare
TPVG TriplePoint Venture Growth BDC Corp. $183.2M 4.5× 6.2× −4.86% (below 0%: shrinking) −21.21% (below 0%: shrinking) +232.34% (above 0%: growing) 100.00% 75.98% Compare
WHG Westwood Holdings Group Inc $181.4M 20.0× — (loss-making) +9.62% (above 0%: growing) +50.00% (above 0%: growing) −58.51% (below 0%: shrinking) 100.00% 8.14% Compare
NSLR Neostellar Capital Corp. $181.1M 1.3× 2.9× +79.14% (above 0%: growing) n/m −171.41% (below 0%: shrinking) 100.00% (7,413.51%) Compare
WHF WhiteHorse Finance, Inc. $164.5M 9.6× 8.9× −23.72% (below 0%: shrinking) +380.00% (above 0%: growing) −159.82% (below 0%: shrinking) 100.00% 66.34% Compare
Median of peers $194.4M 6.9× 7.6× +3.56% +47.22% −51.18% 100.00% 67.45%

All 120 Asset Management stocks →

PennantPark Investment Corporation (PNNT) key facts

  • Concern: PennantPark Investment Corporation’s revenue for fiscal 2025 (year ended September 2025) was $122.4 million, down 14.9% from fiscal 2024.
  • PennantPark Investment Corporation (PNNT) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PNNT traded at $3.04, a market capitalization of $206.3 million.
  • PennantPark Investment Corporation pays an annual dividend of $0.40 per share, a yield of 13.2%.
  • Return on equity was 6.83% and debt-to-equity 1.28.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

PennantPark Investment Corporation (PNNT) Latest News

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