Gladstone Capital Corporation (GLAD) vs Palmer Square Capital BDC Inc. (PSBD)
Gladstone Capital Corporation and Palmer Square Capital BDC Inc. are both Asset Management companies. Gladstone Capital Corporation is the larger, with a market value of $434.2M against $315.1M — 1.4× the size. Palmer Square Capital BDC Inc. has negative trailing earnings, so its P/E is not meaningful; Gladstone Capital Corporation trades at 9.0×. Gladstone Capital Corporation grew revenue faster over the last twelve months: 11.3% against −14.9%. Gladstone Capital Corporation has the higher net margin (48.7% vs −26.7%) and the higher return on invested capital (5.89% vs 0.00%). Across the 17 metrics below, Palmer Square Capital BDC Inc. leads on 9 and Gladstone Capital Corporation on 8.
Valuation
Profitability
| Metric | GLAD | PSBD | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 70.28% | 83.05% | 33.03% |
| Net margin | 48.67% | (26.72%) | 13.53% |
| Free cash flow margin | (152.38%) | 107.44% | 12.44% |
| Return on equity | 10.03% | (6.75%) | 4.83% |
| Return on assets | 5.50% | (2.51%) | 1.57% |
| Return on invested capital | 5.89% | 0.00% | 3.04% |
Growth
Health
Dividend
Size
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