Golub Capital BDC, Inc. (GBDC) AI Stock Analysis

Golub Capital BDC, Inc. is an externally managed closed-end non-diversified management investment company that operates as a business development company. It specializes in debt and minority equity investments predominantly in middle-market companies that are often backed by private equity sponsors. The company's investment portfolio covers a wide range of industries, including consumer services, healthcare, technology, hospitality, and retail. Additionally, Golub Capital BDC has begun exploring opportunities within the cryptocurrency realm to enhance liquidity options, streamline transactions, and diversify its portfolio while navigating regulatory considerations, market volatility, and security concerns.

GBDC grew revenue from $172.6M in FY2022 to $284.4M in FY2023, $611.1M in FY2024, and $870.8M in FY2025, achieving a 5-year revenue CAGR of 67.1% from FY2020 to FY2025. Annual net income reached $376.1M in FY2025, up from $273.8M in FY2024, though net margin narrowed from 44.8% to 43.2%, and EPS fell from $1.91 to $1.50. In the trailing twelve months ended June 30, 2026, revenue stood at $800.7M with EPS of $0.66. For the latest quarter ended June 30, 2026, quarterly revenue fell 14.0% year-over-year and quarterly earnings declined 35.1%.

As of June 30, 2026, Golub Capital BDC held $13.0M in cash and short-term investments against total debt of $4.54B, resulting in net debt of $4.52B and a debt-to-equity ratio of 1.22. Shareholders' equity was $3.70B, total assets were $8.34B, and the current ratio stood at 1.48. In FY2025, operating cash flow and free cash flow were both -$113.6M. Capital returns during FY2025 included $77.8M allocated to share buybacks and $368.2M paid out in dividends.

GBDC trades at a trailing P/E of 18.4x, higher than the 12.1x median of its US-listed Financial Services peers, but its forward P/E of 9.8x is below the peer median of 10.8x. The stock trades at a price-to-book ratio of 0.9x and a price-to-sales ratio of 3.9x compared to the peer median of 3.2x. Over the past year, GBDC generated a return of -1.4%, trailing the 16.8% return for the S&P 500 benchmark. Over five years, the stock returned 27.4% versus 83.0% for the S&P 500.

GBDC pays a quarterly dividend with an annual forward payout of $1.32 per share, representing a dividend yield of 10.89%. The company has paid dividends for 17 consecutive years and achieved a 5-year annualized dividend growth rate of 5.7%. Its payout ratio stands at 97.2%, with the last ex-dividend date on September 14, 2026.

Wall Street coverage consists of 4 Strong Buy, 2 Buy, and 1 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target is $13.62, implying 12.4% upside compared to the last close of $12.12. Over the last four quarters, GBDC beat EPS estimates 1 time. For the fiscal year ending September 30, 2026, analysts estimate revenue of $773.2M and EPS of $1.37, representing an EPS decline of 8.7%. The next earnings date is November 17, 2026.

This page is an AI-written research summary of Golub Capital BDC, Inc. (GBDC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: GBDC income statement, GBDC balance sheet, GBDC key metrics, GBDC analyst forecast, GBDC chart. See the GBDC stock overview for the latest quote and news.