Palmer Square Capital BDC Inc. (PSBD) vs Runway Growth Finance Corp. (RWAY)
Palmer Square Capital BDC Inc. and Runway Growth Finance Corp. are both Asset Management companies. Palmer Square Capital BDC Inc. is the larger, with a market value of $315.1M against $282.1M — 1.1× the size. Palmer Square Capital BDC Inc. has negative trailing earnings, so its P/E is not meaningful; Runway Growth Finance Corp. trades at 61.6×. Runway Growth Finance Corp. grew revenue faster over the last twelve months: −5.47% against −14.9%. Runway Growth Finance Corp. has the higher net margin (5.82% vs −26.7%) and the higher return on invested capital (2.96% vs 0.00%). Across the 18 metrics below, Palmer Square Capital BDC Inc. leads on 9 and Runway Growth Finance Corp. on 9.
Valuation
Profitability
| Metric | PSBD | RWAY | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 83.05% | 75.26% | 33.03% |
| Net margin | (26.72%) | 5.82% | 13.53% |
| Free cash flow margin | 107.44% | (56.56%) | 12.44% |
| Return on equity | (6.75%) | 1.55% | 4.83% |
| Return on assets | (2.51%) | 0.69% | 1.57% |
| Return on invested capital | 0.00% | 2.96% | 3.04% |
Growth
Health
Dividend
Size
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