Palmer Square Capital BDC Inc. (PSBD) vs Runway Growth Finance Corp. (RWAY)
- Palmer Square Capital BDC Inc. PSBD 9.57 −1.95%
- Runway Growth Finance Corp. RWAY 6.33 −2.91%
Palmer Square Capital BDC Inc. and Runway Growth Finance Corp. are both Asset Management companies. Palmer Square Capital BDC Inc. and Runway Growth Finance Corp. are of similar size ($299.2M and $273.3M). Palmer Square Capital BDC Inc. has negative trailing earnings, so its P/E is not meaningful; Runway Growth Finance Corp. trades at 57.5×. 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%). Both pay a dividend; Runway Growth Finance Corp. yields more (20.9% vs 11.3%). Across the 18 metrics below, Runway Growth Finance Corp. leads on 10 and Palmer Square Capital BDC Inc. on 8.
Valuation
Profitability
| Metric | PSBD | RWAY | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 83.05% | 75.26% | 33.42% |
| Net margin | (26.72%) | 5.82% | 13.37% |
| Free cash flow margin | 107.44% | (56.56%) | 12.36% |
| Return on equity | (6.75%) | 1.55% | 4.79% |
| Return on assets | (2.51%) | 0.69% | 1.55% |
| Return on invested capital | 0.00% | 2.96% | 2.97% |
Growth
Health
Dividend
Size
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