FS KKR Capital Corp. (FSK) vs Golub Capital BDC, Inc. (GBDC)
- FS KKR Capital Corp. FSK 10.33 −3.73%
- Golub Capital BDC, Inc. GBDC 12.12 −1.22%
FS KKR Capital Corp. and Golub Capital BDC, Inc. are both Asset Management companies. FS KKR Capital Corp. and Golub Capital BDC, Inc. are of similar size ($3.2B and $3.0B). FS KKR Capital Corp. has negative trailing earnings, so its P/E is not meaningful; Golub Capital BDC, Inc. trades at 18.6×. Golub Capital BDC, Inc. grew revenue faster over the last twelve months: −8.73% against −20.1%. Golub Capital BDC, Inc. has the higher net margin (21.5% vs −28.5%) and the lower return on invested capital (2.81% vs 2.98%). Both pay a dividend; FS KKR Capital Corp. yields more (18.9% vs 11.4%). Across the 19 metrics below, Golub Capital BDC, Inc. leads on 10 and FS KKR Capital Corp. on 9.
Valuation
Profitability
| Metric | FSK | GBDC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.06% | 78.18% | 33.42% |
| Net margin | (28.52%) | 21.45% | 13.37% |
| Free cash flow margin | 146.24% | 114.85% | 12.36% |
| Return on equity | (6.66%) | 4.46% | 4.79% |
| Return on assets | (2.82%) | 1.95% | 1.55% |
| Return on invested capital | 2.98% | 2.81% | 2.97% |
Growth
Health
Dividend
Size
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