Fidus Investment Corporation (FDUS) vs Oaktree Specialty Lending Corp. (OCSL)

Fidus Investment Corporation and Oaktree Specialty Lending Corp. are both Asset Management companies. Oaktree Specialty Lending Corp. is the larger, with a market value of $1.0B against $773.1M — 1.3× the size. Fidus Investment Corporation trades at the lower P/E: 9.1× against 24.1×. Fidus Investment Corporation grew revenue faster over the last twelve months: 11.9% against −12.6%. Fidus Investment Corporation has the higher net margin (45.4% vs 14.5%) and the lower return on invested capital (5.23% vs 6.43%). Both pay a dividend; Oaktree Specialty Lending Corp. yields more (12.1% vs 2.27%). Across the 20 metrics below, Fidus Investment Corporation leads on 11 and Oaktree Specialty Lending Corp. on 9.

Valuation

Metric FDUS OCSL Asset Management median
P/E 9.08 24.10 13.99
P/S 4.22 3.49 2.76
P/B 0.98 0.74 0.85
Price to free cash flow n/m 9.60 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.02% 4.15% 4.72%
Free cash flow yield (29.34%) 10.41% 4.44%

Profitability

Metric FDUS OCSL Asset Management median
Gross margin 100.00% 82.16% 100.00%
Operating margin 70.64% 80.26% 33.42%
Net margin 45.36% 14.45% 13.37%
Free cash flow margin (123.96%) 36.32% 12.36%
Return on equity 10.81% 2.95% 4.79%
Return on assets 5.60% 1.45% 1.55%
Return on invested capital 5.23% 6.43% 2.97%

Growth

Metric FDUS OCSL Asset Management median
Revenue growth (TTM) 11.90% (12.55%) 7.42%
EPS growth (last fiscal year) (3.33%) (45.83%) (6.67%)
Revenue growth, 5-year CAGR 12.86% 17.22% 12.51%
Net income growth, 5-year CAGR 21.42% (2.86%) 0.00%

Health

Metric FDUS OCSL Asset Management median
Debt to equity 0.39 0.68 0.44
Current ratio 0.09 0.19 1.30
Net debt to EBITDA 1.36 3.34 1.02

Dividend

Metric FDUS OCSL Asset Management median
Dividend yield 2.27% 12.10% 6.60%
Payout ratio 0.21 2.92 0.94

Size

Metric FDUS OCSL Asset Management median
Market cap 773.14m 1.04b 694.86m

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