Great Elm Capital Corp. (GECC) Key Metrics
GECC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $69.0M
- Enterprise value
- $229.2M
- P/E (TTM)
- —
- Forward P/E
- 6.2
- PEG ratio
- —
- Price / sales
- 1.6 10-yr median 2.0
- Price / book
- 0.7 10-yr median 0.8
- EV / EBITDA
- —
- Dividend yield
- 20.12% $1.00 a year
- Beta
- 0.90
GECC key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGECC valuation Price multiples at each fiscal year-end price.
Price / sales−57.7%
2.0
2025 · hover or tap a bar for each year
20172025
Price / book−3.0%
0.8
2025 · hover or tap a bar for each year
20172025
Free cash flow yield+73.2 pts
−3.2%
2025 · hover or tap a bar for each year
20172025
GECC returns How much profit the business earns on the capital it uses.
Return on equity−28.6 pts
−25.5%
2025 · hover or tap a bar for each year
20172025
Return on invested capital−4.4 pts
−3.3%
2025 · hover or tap a bar for each year
20172025
Return on assets−10.5 pts
−9.3%
2025 · hover or tap a bar for each year
20172025
Free cash flow margin+347.2 pts
−6.3%
2025 · hover or tap a bar for each year
20172025
Asset turnover+64.0%
0.13
2025 · hover or tap a bar for each year
20172025
GECC per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+51.5%
$3.60
2025 · hover or tap a bar for each year
20172025
Earnings per share
−$2.57
2025 · hover or tap a bar for each year
20172025
Free cash flow per share
−$0.23
2025 · hover or tap a bar for each year
20172025
Book value per share−33.9%
$9.14
2025 · hover or tap a bar for each year
20172025
Dividends per share+1.6%
$1.56
2025 · hover or tap a bar for each year
20172025
Shares outstanding+25.6%
12.4M
2025 · hover or tap a bar for each year
20172025
GECC financial health Debt, liquidity and how easily interest is covered.
Debt / equity+20.3%
1.68
2025 · hover or tap a bar for each year
20172025
Net debt+$6.2M
$187.5M
2025 · hover or tap a bar for each year
20172025
Current ratio−93.5%
0.05
2025 · hover or tap a bar for each year
20172025
Interest coverage
-0.7
2025 · hover or tap a bar for each year
20172025
Debt / assets+0.2%
0.56
2025 · hover or tap a bar for each year
20172025
GECC efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−37 days
62 days
2025 · hover or tap a bar for each year
20172025
Days payables outstanding+575 days
793 days
2025 · hover or tap a bar for each year
20172025
Cash conversion cycle−613 days
-730 days
2025 · hover or tap a bar for each year
20172025
Capex / revenue0.0 pts
0.0%
2025 · hover or tap a bar for each year
20172025
GECC valuation history
Fiscal year-endToday10-year median
GECC returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GECC debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GECC cash returned to shareholders
DividendsBuybacksFree cash flow
GECC price vs earnings per share
Share price at year-endEPS (right axis)
GECC key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $87.1M | $108.2M | $80.9M | $51.8M | $75.2M | — | — | — | — | — |
| Enterprise value | $274.6M | $289.4M | $220.2M | $347.5M | $208.1M | — | — | — | — | — |
| P/E ratio | — | 30.4 | 3.2 | — | — | — | — | — | — | — |
| Price / sales | 2.0 | 4.6 | 1.9 | — | — | — | — | — | — | — |
| Price / book | 0.8 | 0.8 | 0.8 | 0.6 | 1.0 | — | — | — | — | — |
| Price / free cash flow | — | — | 3.2 | — | — | — | — | — | — | — |
| Price / operating cash flow | — | — | 3.2 | — | — | — | — | — | — | — |
| EV / sales | 6.2 | 12.4 | 5.2 | — | — | — | — | — | — | — |
| EV / EBITDA | — | 57.3 | 8.7 | — | — | — | — | — | — | — |
| EV / free cash flow | — | — | 8.6 | — | — | — | — | — | — | — |
| Earnings yield | −36.5% | 3.3% | 31.3% | −30.1% | −13.7% | — | — | — | — | — |
| Free cash flow yield | −3.2% | −76.4% | 31.7% | −80.6% | −77.8% | — | — | — | — | — |
| Dividend yield | 22.1% | 13.9% | 13.2% | 25.1% | 13.2% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 22.1% | 13.9% | 13.2% | 100.1% | 30.8% | — | — | — | — | — |
| Share price at fiscal year-end | $7.04 | $10.99 | $10.64 | $8.29 | $18.46 | $21.58 | $46.64 | $47.06 | $58.99 | $63.67 |
| Per share | ||||||||||
| Revenue per share | $3.60 | $2.38 | $5.52 | $0.00 | $0.00 | — | — | — | — | — |
| Earnings per share | −$2.57 | $0.36 | $3.33 | −$2.49 | −$2.52 | — | — | — | — | — |
| Operating cash flow per share | −$0.23 | −$8.40 | $3.38 | −$6.68 | −$14.36 | — | — | — | — | — |
| Free cash flow per share | −$0.23 | −$8.40 | $3.38 | −$6.68 | −$14.36 | — | — | — | — | — |
| Cash per share | $0.15 | $0.86 | $0.13 | $0.09 | $2.24 | — | — | — | — | — |
| Book value per share | $9.14 | $13.83 | $12.99 | $13.57 | $18.30 | — | — | — | — | — |
| Tangible book value per share | $9.14 | $13.83 | $12.99 | $13.57 | $18.30 | — | — | — | — | — |
| Dividends per share | $1.56 | $1.53 | $1.40 | $2.08 | $2.44 | — | — | — | — | — |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — |
| Debt per share | $15.32 | $19.27 | $18.44 | $47.40 | $34.86 | — | — | — | — | — |
| Shares outstanding | 12.4M | 9.8M | 7.6M | 6.3M | 4.1M | — | — | — | — | — |
| Change in shares outstanding | +25.6% | +29.5% | +21.6% | +53.5% | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −25.5% | 3.0% | 27.6% | −19.6% | −13.3% | −38.4% | −7.7% | −7.4% | −2.8% | −12.7% |
| Return on invested capital (ROIC) | −3.3% | 1.2% | 8.1% | −4.1% | −4.6% | −14.6% | −3.8% | −5.3% | −2.3% | −4.5% |
| Return on assets (ROA) | −9.3% | 1.2% | 9.1% | −4.2% | −2.9% | −11.1% | −2.6% | −3.5% | −1.7% | −9.7% |
| Return on tangible assets | −9.3% | 1.0% | 10.3% | −5.0% | −2.4% | −11.3% | −2.6% | −3.2% | −1.1% | −21.4% |
| Free cash flow margin | −6.3% | −353.5% | 61.2% | — | — | — | — | — | — | −213.6% |
| Income quality (OCF / net income) | — | −23.27 | 1.01 | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $189.3M | $189.7M | $140.2M | $296.3M | $142.0M | $115.7M | $119.8M | $76.3M | $31.2M | $2.1M |
| Cash & short-term investments | $1.8M | $8.4M | $953,000 | $587,000 | $9.1M | $52.6M | $4.6M | $82.3M | $2.9M | $45.9M |
| Net debt | $187.5M | $181.2M | $139.3M | $295.7M | $132.9M | $63.1M | $115.2M | −$6.0M | $28.3M | −$43.8M |
| Debt / equity | 1.68 | 1.39 | 1.42 | 3.49 | 1.90 | 1.45 | 1.38 | 0.69 | 0.24 | 0.03 |
| Debt / assets | 0.56 | 0.55 | 0.57 | 0.96 | 0.33 | 0.41 | 0.41 | 0.27 | 0.13 | 0.03 |
| Net debt / EBITDA | — | 35.90 | 5.50 | — | — | — | — | — | 367.27 | — |
| Current ratio | 0.05 | 0.76 | 1.20 | 0.08 | 0.07 | 0.72 | 0.10 | 1.10 | 0.13 | 11.87 |
| Quick ratio | 0.05 | 0.76 | −2.62 | −1.09 | −0.98 | −0.97 | −1.15 | 4.31 | 3.58 | 11.87 |
| Interest coverage | -0.7 | 0.2 | 2.5 | -1.4 | -1.0 | -3.5 | -1.0 | -1.6 | -1.3 | — |
| Working capital | −$35.6M | −$2.9M | $817,000 | −$64.5M | −$189.8M | −$21.7M | −$66.8M | $9.1M | −$60.7M | $62.3M |
| Invested capital | $300.4M | $317.4M | $238.0M | $380.5M | $207.4M | $142.7M | $202.1M | $104.2M | $160.6M | $22.4M |
| Tangible asset value | $112.9M | $136.1M | $98.7M | $84.8M | $74.6M | $79.6M | $86.9M | $110.1M | $132.3M | $60.4M |
| Net current asset value | −$226.0M | −$197.0M | −$143.2M | −$219.8M | −$338.0M | −$147.6M | −$196.5M | −$74.5M | −$98.8M | $57.5M |
| Graham number | — | $10.60 | $31.21 | — | — | — | — | — | — | — |
| Graham net-net per share | −$17.89 | −$19.39 | −$17.93 | −$28.83 | −$57.13 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $19.2M | $15.1M | $10.6M | $13.0M | $9.9M | $5.0M | $12.8M | $12.7M | $12.8M | — |
| Share buybacks (net) | — | — | — | $38.9M | $13.2M | $0 | $5.0M | $0 | $24.3M | $0 |
| Dividend payout ratio | — | 424.3% | 42.0% | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | — | 41.4% | — | — | 18.2% | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | — | — | — | — | 0.0% | 0.7% |
| Capex / operating cash flow | — | — | 0.0% | — | — | 0.0% | — | — | — | — |
| Capex / depreciation | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| R&D / revenue | — | — | 0.0% | — | — | — | — | — | 0.0% | — |
| SG&A / revenue | 3.6% | 19.7% | 10.9% | — | — | — | — | — | 483.2% | 186.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 62.4 | 99.5 | 38.8 | — | — | — | — | — | 1,911.1 | 592.0 |
| Days of inventory on hand | — | — | 1,757.1 | 27,375.1 | 32,491.0 | 28,467.3 | -41,238.4 | -78,978.7 | -86,444.5 | — |
| Days payables outstanding | 792.5 | 217.1 | 1,338.4 | 25,391.2 | 26,508.6 | 19,274.7 | 35,566.2 | 23,843.3 | 12,833.2 | — |
| Cash conversion cycle (days) | -730.1 | -117.6 | 457.4 | — | — | — | — | — | -97,366.6 | — |
| Receivables turnover | 5.85 | 3.67 | 9.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 | 0.62 |
| Payables turnover | 0.46 | 1.68 | 0.27 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.03 | 0.00 |
| Inventory turnover | — | — | 0.21 | 0.01 | 0.01 | 0.01 | — | — | — | — |
| Asset turnover | 0.13 | 0.08 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Average receivables | $7.6M | $6.4M | $4.5M | $4.6M | $3.8M | $3.1M | $8.9M | $10.3M | $3.5M | $8.0M |
| Average payables | $22.8M | $8.0M | $37.1M | $136.8M | $140.7M | $76.1M | $81.2M | $78.7M | $35.6M | $11.8M |
| Average inventory | — | — | $48.7M | $147.5M | $172.4M | $112.4M | −$94.1M | −$260.7M | −$239.9M | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 7.5% |
Computed from GECC's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GECC valuation and financial ratios
Great Elm Capital earned a return on equity of −25.5% and a return on invested capital of −3.3% in fiscal 2025. It ended the year with $189.3 million of debt and $1.8 million in cash and short-term investments, net debt of $187.5 million. It returned $19.2 million to shareholders: $19.2 million in dividends and $0 in share buybacks.
See the GECC income statement, the GECC chart for price history, or the GECC stock overview for the latest quote and news.
GECC key metrics FAQ
What is Great Elm Capital's return on equity?
Great Elm Capital's return on equity (ROE) was −25.5% in fiscal 2025: net income of -$31.8 million on average shareholders' equity of $124.5 million.
What is Great Elm Capital's ROIC?
Great Elm Capital's return on invested capital was −3.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Great Elm Capital have?
Great Elm Capital had total debt of $189.3 million at the end of fiscal 2025, a debt-to-equity ratio of 1.68.
What is Great Elm Capital's dividend yield?
Great Elm Capital's forward dividend yield is 20.12%. Great Elm Capital paid $19.2 million in dividends in fiscal 2025 ($1.56 per share), a payout ratio of —.
What is Great Elm Capital's free cash flow yield?
Great Elm Capital generated -$2.8 million of free cash flow in fiscal 2025, a free cash flow yield of −3.2% on its market value at year-end ($87.1 million).
What is Great Elm Capital's current ratio?
Great Elm Capital's current ratio was 0.05 at the end of fiscal 2025: current assets were 0.05 times current liabilities.