FS KKR Capital Corp. (FSK) vs Golub Capital BDC, Inc. (GBDC)
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 $3.1B). FS KKR Capital Corp. has negative trailing earnings, so its P/E is not meaningful; Golub Capital BDC, Inc. trades at 19.2×. 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 (12.7% vs 9.10%). Across the 21 metrics below, FS KKR Capital Corp. leads on 11 and Golub Capital BDC, Inc. on 10.
Valuation
Profitability
| Metric | FSK | GBDC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.06% | 78.18% | 33.03% |
| Net margin | (28.52%) | 21.45% | 13.53% |
| Free cash flow margin | 146.24% | 114.85% | 12.44% |
| Return on equity | (6.66%) | 4.46% | 4.83% |
| Return on assets | (2.82%) | 1.95% | 1.57% |
| Return on invested capital | 2.98% | 2.81% | 3.04% |
Growth
Health
Dividend
Size
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