Goldman Sachs BDC, Inc. (GSBD) AI Stock Analysis

Goldman Sachs BDC, Inc. operates as a specialized business development company focused on middle market and mezzanine investments in private companies within the United States. The firm engages in direct origination of various debt instruments, including secured debt (senior, junior, and unitranche), unsecured debt such as mezzanine debt, and select equity investments. It typically targets companies with annual EBITDA ranging from $5 million to $75 million. The company aims to invest between $10 million and $75 million per transaction to finance acquisitions, operational expansion, or refinancing efforts, while also monitoring broader financial trends such as cryptocurrency and blockchain technology.

Between FY2020 and FY2025, GSBD generated a 5-year revenue compound annual growth rate of 10.6%. Revenue reached $242.5M in FY2025, up 26.0% from $192.4M in FY2024, with net income expanding to $119.3M and diluted EPS reaching $1.57. That followed significant revenue volatility, including $454.9M in FY2023 and $56.6M in FY2022. For the trailing twelve months ended June 30, 2026, revenue stood at $340.2M with an operating margin of 87.4% and diluted EPS of $0.52. In the latest quarter ended June 30, 2026, quarterly revenue declined 8.0% year-over-year, while quarterly earnings fell 37.2%.

As of June 30, 2026, GSBD held $50.7M in cash and short-term investments alongside total assets of $3.29B. Total debt was $1.85B, leading to net debt of $1.80B against shareholders' equity of $1.36B. This resulted in a debt-to-equity ratio of 1.36 and a current ratio of 1.04. In FY2025, the company generated $325.7M in operating cash flow and free cash flow. Capital allocation in FY2025 included $52.2M spent on share buybacks and $233.5M directed toward dividend payments.

At a last close of $8.73, GSBD has a market capitalization of $982.7M and an enterprise value of $2.82B. The stock trades at a trailing price-to-earnings ratio of 16.8x, above the 12.1x median of its US-listed Financial Services peers, though its forward P/E of 10.8x matches the peer median of 10.8x. GSBD trades at a price-to-book ratio of 0.8x and a price-to-sales multiple of 2.9x. Over the past year, the shares gained 4.6%, lagging the 16.8% return of the S&P 500 (SPY), while its 5-year return of -10.4% underperformed SPY's 83.0% gain.

GSBD pays a quarterly dividend with an annualized forward payout of $1.41 per share, representing a dividend yield of 16.15%. The company has paid dividends for 12 consecutive years, delivering a 5-year annualized dividend growth rate of 0.9%. Its payout ratio stands at 97.1%, and its most recent ex-dividend date was September 30, 2026.

Wall Street coverage on GSBD consists of 0 Strong Buy, 0 Buy, 3 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $8.94, representing a 2.4% premium over the last close of $8.73. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $324.7M and EPS of $1.29, reflecting an EPS decline of 17.5%. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings release is scheduled for November 5, 2026.

This page is an AI-written research summary of Goldman Sachs BDC, Inc. (GSBD). 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: GSBD income statement, GSBD balance sheet, GSBD key metrics, GSBD analyst forecast, GSBD chart. See the GSBD stock overview for the latest quote and news.