Runway Growth Finance Corp. (RWAY) vs Saratoga Investment Corp (SAR)
- Runway Growth Finance Corp. RWAY 6.33 −2.91%
- Saratoga Investment Corp SAR 15.32 +0.66%
Runway Growth Finance Corp. and Saratoga Investment Corp are both Asset Management companies. Runway Growth Finance Corp. is the larger, with a market value of $273.3M against $236.8M — 1.2× the size. Saratoga Investment Corp has negative trailing earnings, so its P/E is not meaningful; Runway Growth Finance Corp. trades at 57.5×. Saratoga Investment Corp grew revenue faster over the last twelve months: −4.15% against −5.47%. Runway Growth Finance Corp. has the higher net margin (5.82% vs −3.35%) and the lower return on invested capital (2.96% vs 6.21%). Both pay a dividend; Saratoga Investment Corp yields more (22.9% vs 20.9%). Across the 18 metrics below, Runway Growth Finance Corp. leads on 10 and Saratoga Investment Corp on 8.
Valuation
Profitability
| Metric | RWAY | SAR | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.26% | 67.89% | 33.42% |
| Net margin | 5.82% | (3.35%) | 13.37% |
| Free cash flow margin | (56.56%) | (124.08%) | 12.36% |
| Return on equity | 1.55% | (1.09%) | 4.79% |
| Return on assets | 0.69% | (0.34%) | 1.55% |
| Return on invested capital | 2.96% | 6.21% | 2.97% |
Growth
Health
Dividend
Size
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