Golub Capital BDC Inc GBDC Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$12.74 down $0.18, 1.39% at close Nov 6
Last close · Previous close $12.92
- Market cap
- At the Nov 6 close
- P/E ratio
- 19.30On last 12 months’ EPS
- Diluted EPS
- $0.66Last 12 months
- Dividend yield
- 10.83%Last 12 months
Price chart
$12.74down $0.18, 1.39%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$12.92Nov 5
- Volume1.43MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume1.26MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $11.77 to $14.41; now $12.74
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
GBDC beat the S&P 500 in 2 of 7 periods.
| Period | GBDC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | GBDC: up 4.5% S&P 500: down 5.6% | GBDC beat the S&P 500 by 10.1 percentage points Beat |
| 3M | GBDC: up 0.1% S&P 500: down 4.1% | GBDC beat the S&P 500 by 4.2 percentage points Beat |
| YTD | GBDC: up 1.6% S&P 500: up 8.7% | GBDC trailed the S&P 500 by 7.1 percentage points Trailed |
| 1Y | GBDC: up 3.0% S&P 500: up 10.9% | GBDC trailed the S&P 500 by 7.9 percentage points Trailed |
| Long term | ||
| 3Y | GBDC: up 21.1% S&P 500: up 75.0% +6.6% vs +20.5% a year | GBDC trailed the S&P 500 by 53.9 percentage points Trailed |
| 5Y | GBDC: up 37.5% S&P 500: up 67.8% +6.6% vs +10.9% a year | GBDC trailed the S&P 500 by 30.3 percentage points Trailed |
| 10Y | GBDC: up 84.5% S&P 500: up 313.1% +6.3% vs +15.2% a year | GBDC trailed the S&P 500 by 228.6 percentage points Trailed |
$10,000 invested in GBDC 10 years ago (Nov 4, 2016) would be worth about $18,450 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
GBDC beat the S&P 500 in 2 of 7 periods.
| Period | GBDC and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | GBDC: up 4.5% S&P 500: down 5.6% | GBDC beat the S&P 500 by 10.1 percentage points Beat |
| 3M | GBDC: down 2.5% S&P 500: down 4.3% | GBDC beat the S&P 500 by 1.8 percentage points Beat |
| YTD | GBDC: down 6.1% S&P 500: up 7.8% | GBDC trailed the S&P 500 by 13.9 percentage points Trailed |
| 1Y | GBDC: down 7.5% S&P 500: up 9.7% | GBDC trailed the S&P 500 by 17.2 percentage points Trailed |
| Long term | ||
| 3Y | GBDC: down 13.6% S&P 500: up 68.8% −4.8% vs +19.1% a year | GBDC trailed the S&P 500 by 82.4 percentage points Trailed |
| 5Y | GBDC: down 18.4% S&P 500: up 56.9% −4.0% vs +9.4% a year | GBDC trailed the S&P 500 by 75.3 percentage points Trailed |
| 10Y | GBDC: down 26.4% S&P 500: up 252.6% −3.0% vs +13.4% a year | GBDC trailed the S&P 500 by 279.0 percentage points Trailed |
$10,000 invested in GBDC 10 years ago (Nov 4, 2016) would be worth about $7,357 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$20.02
Closing high on . Now 36.4% below that record.
Split-adjusted daily closes since Apr 15, 2010.
Stock splits
1
1.02-for-1 on . Share counts adjust after each split.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $800.71Mdown 8.7%
- Net income
- $171.75Mdown 54.3%
- Diluted EPS
- $0.66down 53.8%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Sep 30, 2024) | $224.41M | $95.20M | $0.37 |
| Q1 FY25 (Dec 31, 2024) | $220.70M | $111.31M | $0.42 |
| Q2 FY25 (Mar 31, 2025) | $213.89M | $78.98M | $0.30 |
| Q3 FY25 (Jun 30, 2025) | $218.34M | $90.06M | $0.34 |
| Q4 FY25 (Sep 30, 2025) | $217.84M | $96.29M | $0.37 |
| Q1 FY26 (Dec 31, 2025) | $207.01M | $65.25M | $0.25 |
| Q2 FY26 (Mar 31, 2026) | $188.13M | −$46.80M | −$0.18 |
| Q3 FY26 (Jun 30, 2026) | $187.73M | $57.01M | $0.22 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Sep 30, 2021) | $307.13M | $340.28M | $2.03 |
| FY22 (Sep 30, 2022) | $387.80M | $153.44M | $0.90 |
| FY23 (Sep 30, 2023) | $603.09M | $258.63M | $1.52 |
| FY24 (Sep 30, 2024) | $724.68M | $273.79M | $1.36 |
| FY25 (Sep 30, 2025) | $870.78M | $376.65M | $1.42 |
Margins
- Gross 80.9%
- Operating 78.2%
- Net 21.4%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $919.64MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$919.64MLast 12 months
- Capital spending$0.00Last 12 months
- 114.9%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $147.32MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$314.89MLast 12 months
- Total returned$462.21MLast 12 months
50% of free cash flow
Balance sheet
- Not reportedAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$4.54BAs of Jun 30, 2026
- 1.22As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 4.5%Last 12 months
Over the last 12 months, Golub Capital BDC’s net income was 4.5% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 2.0%Last 12 months
Over the last 12 months, Golub Capital BDC’s net income was 2.0% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $1.50 |
| 2017 | $1.33 |
| 2018 | $1.37 |
| 2019 | $1.39 |
| 2020 | $1.19 |
| 2021 | $1.17 |
| 2022 | $1.23 |
| 2023 | $1.51 |
| 2024 | $1.93 |
| 2025 | $1.56 |
| 2026 (to date) | $0.99 |
Dividend details
- $1.38Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield10.83%Last 12 months
- $0.33Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 5.5% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 209.1%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Golub Capital BDC Inc
Golub Capital BDC, Inc. (“GBDC”) is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital"). About Golub Capital Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. The firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital’s sponsor finance expertise also forms the foundation of its Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. As of October 1, 2024, Golub Capital had over 1,000 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia.
- Sector
- Financial Services
- Industry
- Asset Management
- Headquarters
- New York, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
GBDC news
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GBDC stock FAQ
What is GBDC stock’s price today?
Golub Capital BDC (GBDC) traded at $12.74 at the close on , down $0.18 (1.39%) from the previous close of $12.92. Over the past 52 weeks it has traded between $11.77 and $14.41.
If you invested $1,000 in GBDC 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in GBDC on would be worth about $1,845 at the close on , a total return of +84.5%. The same $1,000 would be worth $1,375 if invested five years ago and $1,030 if invested one year ago. Past performance doesn’t predict future returns.
What is GBDC’s P/E ratio?
GBDC trades at 19.3 times its diluted earnings over the four quarters to ($0.66 per share), at the close. (How the P/E ratio works.)
How much revenue does Golub Capital BDC make?
Golub Capital BDC reported $800.7 million of revenue over the four quarters to , down 8.7% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $187.7 million, down 14.0% from a year earlier.
Is Golub Capital BDC profitable?
Yes. Golub Capital BDC earned $171.7 million of net income over the four quarters to , a net margin of 21.4%, and its operating margin was 78.2% (what margins tell you).
What are GBDC’s earnings per share?
GBDC’s diluted earnings per share were $0.66 over the four quarters to , compared with $1.43 in the twelve months before. The latest quarter (Q3 FY26) brought $0.22 per share, against $0.34 a year earlier (how EPS works).
Does GBDC pay a dividend?
Yes. Golub Capital BDC pays a quarterly dividend. The most recent was $0.33 per share, with an ex-dividend date of . Over the last twelve months it paid $1.38 per share, a 10.83% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($1.38 per share), and if the next 12 months match the last 12, 100 shares would receive about $138 over 12 months, and $1,000 over 12 months would take about 725 shares, roughly $9,237 at the close. Dividends can change.
What is GBDC’s 52-week high and low?
Over the past 52 weeks GBDC has traded as low as $11.77 and as high as $14.41. At $12.74 at the close on , it is 11.6% below that high and 8.2% above the low.
What is GBDC’s all-time high?
GBDC’s highest closing price was $20.02 on , adjusted for stock splits. At $12.74 at the close on , it is 36.4% below that record.
Has GBDC stock ever split?
Yes, once: 1.02-for-1 on .
How has GBDC stock performed?
Including dividends and measured to the close on , GBDC has returned +1.6% so far this year and +3.0% over the past year, and +37.5% over five years (+6.6% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Golub Capital BDC in?
Golub Capital BDC is in the Financial Services sector and the Asset Management industry, and is headquartered in New York, USA.
What exchange does GBDC trade on?
Golub Capital BDC trades on the Nasdaq under the ticker symbol GBDC. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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