Blue Owl Capital Corporation (OBDC) Key Metrics
OBDC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.02B
- Enterprise value
- $12.67B
- P/E (TTM)
- 18.1 10-yr median 9.9
- Forward P/E
- 8.3
- PEG ratio
- —
- Price / sales
- 2.9 10-yr median 5.6
- Price / book
- 0.8 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 18.4
- Dividend yield
- 12.27% $1.24 a year
- Beta
- 0.69
OBDC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOBDC valuation Price multiples at each fiscal year-end price.
OBDC returns How much profit the business earns on the capital it uses.
OBDC per-share figures Results divided by the shares outstanding at year-end.
OBDC financial health Debt, liquidity and how easily interest is covered.
OBDC efficiency & capital use Working capital cycle and where the cash goes.
OBDC valuation history
OBDC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OBDC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OBDC cash returned to shareholders
OBDC price vs earnings per share
OBDC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.29B | $5.90B | $5.76B | $4.55B | $5.55B | $4.92B | $5.81B | — | — | — |
| Enterprise value | $15.58B | $12.92B | $12.26B | $11.48B | $12.21B | $9.86B | $8.54B | — | — | — |
| P/E ratio | 10.0 | 9.9 | 7.3 | 9.8 | 8.9 | 12.7 | 11.7 | — | — | — |
| Price / sales | 3.7 | 5.4 | 4.5 | 5.6 | 6.3 | 11.2 | 12.7 | — | — | — |
| Price / book | 0.9 | 1.0 | 1.0 | 0.8 | 0.9 | 0.9 | 1.0 | — | — | — |
| Price / free cash flow | 3.6 | 36.8 | 11.2 | 20.9 | — | — | — | — | — | — |
| Price / operating cash flow | 3.6 | 36.8 | 11.2 | 20.9 | — | — | — | — | — | — |
| EV / sales | 9.3 | 11.7 | 9.6 | 14.2 | 13.8 | 22.5 | 18.7 | — | — | — |
| EV / EBITDA | 12.2 | 21.3 | 15.1 | 24.1 | 18.4 | 24.0 | 13.7 | — | — | — |
| EV / free cash flow | 8.9 | 80.7 | 23.8 | 52.9 | — | — | — | — | — | — |
| Earnings yield | 10.0% | 10.1% | 13.8% | 10.2% | 11.2% | 7.9% | 8.6% | — | — | — |
| Free cash flow yield | 27.7% | 2.7% | 8.9% | 4.8% | −22.1% | −31.7% | −43.5% | — | — | — |
| Dividend yield | 12.0% | 11.1% | 10.7% | 10.7% | 8.3% | 9.2% | 3.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 14.3% | 11.1% | 11.2% | 11.3% | 8.3% | 12.3% | 3.8% | — | — | — |
| Share price at fiscal year-end | $12.43 | $15.12 | $14.76 | $11.55 | $14.16 | $12.66 | $17.89 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $3.32 | $2.82 | $3.27 | $2.05 | $2.25 | $1.13 | $1.41 | $1.64 | $0.45 | $0.09 |
| Earnings per share | $1.24 | $1.53 | $2.03 | $1.18 | $1.59 | $1.00 | $1.53 | $1.49 | $0.40 | $0.06 |
| Operating cash flow per share | $3.44 | $0.41 | $1.32 | $0.55 | −$3.13 | −$4.01 | −$7.78 | −$23.37 | −$5.15 | −$3.32 |
| Free cash flow per share | $3.44 | $0.41 | $1.32 | $0.55 | −$3.13 | −$4.01 | −$7.78 | −$23.37 | −$5.15 | −$3.32 |
| Cash per share | $0.02 | $1.11 | $1.47 | $0.88 | $1.09 | $0.90 | $0.95 | $0.90 | $0.07 | $0.74 |
| Book value per share | $14.62 | $15.26 | $15.44 | $14.93 | $15.14 | $14.79 | $18.41 | $24.05 | $5.68 | $2.39 |
| Tangible book value per share | $14.62 | $15.26 | $15.44 | $14.93 | $15.14 | $14.79 | $18.41 | $24.05 | $5.68 | $2.39 |
| Dividends per share | $1.49 | $1.68 | $1.57 | $1.24 | $1.17 | $1.17 | $0.68 | $0.66 | $0.11 | $0.01 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $18.38 | $19.12 | $18.14 | $18.48 | $18.05 | $13.62 | $9.36 | $18.92 | $3.55 | $1.73 |
| Shares outstanding | 506.1M | 390.1M | 390.1M | 394.0M | 392.3M | 388.6M | 324.6M | 135.7M | 259.2M | 284.8M |
| Change in shares outstanding | +29.7% | −0.0% | −1.0% | +0.4% | +0.9% | +19.7% | +139.2% | −47.6% | −9.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.4% | 9.9% | 13.3% | 7.9% | 10.7% | 6.6% | 10.8% | 8.5% | 9.6% | 2.4% |
| Return on invested capital (ROIC) | 8.1% | 4.7% | 6.3% | 3.7% | 5.4% | 4.0% | 8.6% | 6.8% | 7.5% | 2.0% |
| Return on assets (ROA) | 4.0% | 4.3% | 5.9% | 3.5% | 5.1% | 3.8% | 6.6% | 4.8% | 5.7% | 1.4% |
| Return on tangible assets | 3.7% | 4.3% | 5.9% | 3.4% | 4.7% | 3.4% | 5.4% | 3.4% | 4.2% | 1.4% |
| Free cash flow margin | 103.7% | 14.6% | 40.3% | 26.9% | −139.1% | −355.5% | −553.3% | — | — | — |
| Income quality (OCF / net income) | 2.78 | 0.27 | 0.65 | 0.47 | −1.96 | −4.02 | −5.07 | −15.68 | −12.87 | −56.80 |
| Financial health | ||||||||||
| Total debt | $9.30B | $7.46B | $7.08B | $7.28B | $7.08B | $5.29B | $3.04B | $2.57B | $919.4M | $491.9M |
| Cash & short-term investments | $9.8M | $431.8M | $572.6M | $348.7M | $425.7M | $349.1M | $309.6M | $121.6M | $17.4M | $209.4M |
| Net debt | $9.29B | $7.03B | $6.50B | $6.93B | $6.65B | $4.94B | $2.73B | $2.45B | $902.0M | $282.6M |
| Debt / equity | 1.26 | 1.25 | 1.18 | 1.24 | 1.19 | 0.92 | 0.51 | 0.79 | 0.62 | 0.72 |
| Debt / assets | 0.54 | 0.54 | 0.52 | 0.54 | 0.53 | 0.47 | 0.33 | 0.43 | 0.38 | 0.42 |
| Net debt / EBITDA | 7.26 | 11.57 | 8.02 | 14.56 | 10.03 | 12.04 | 4.36 | 8.90 | 7.17 | 14.62 |
| Current ratio | — | 4.08 | 5.21 | 3.69 | 4.38 | 2.98 | 2.89 | 1.97 | 1.52 | 25.41 |
| Quick ratio | — | 4.08 | 5.38 | −0.72 | 4.38 | 0.20 | 2.89 | 74.97 | 1.52 | 165.98 |
| Interest coverage | 2.1 | 1.4 | 2.0 | 1.7 | 3.3 | 2.9 | 5.0 | 3.8 | 5.7 | 8.3 |
| Working capital | — | $444.3M | $574.6M | $348.6M | $413.0M | $301.4M | $259.6M | $79.4M | $17.6M | $205.0M |
| Invested capital | $16.69B | $12.98B | $12.53B | $12.82B | $12.59B | $10.69B | $8.71B | $5.71B | $2.37B | $963.1M |
| Tangible asset value | $7.40B | $5.95B | $6.02B | $5.88B | $5.94B | $5.75B | $5.98B | $3.26B | $1.47B | $680.5M |
| Net current asset value | −$9.09B | −$7.32B | −$6.78B | −$7.22B | −$6.83B | −$5.10B | −$2.83B | −$2.53B | −$919.8M | −$286.9M |
| Graham number | $20.19 | $22.89 | $26.58 | $19.94 | $23.29 | $18.22 | $25.21 | $28.40 | $7.15 | $1.77 |
| Graham net-net per share | −$19.17 | −$18.94 | −$17.50 | −$17.70 | −$17.51 | −$12.73 | −$8.82 | −$40.61 | −$3.59 | −$3.09 |
| Capital allocation | ||||||||||
| Dividends paid | $752.5M | $655.6M | $613.4M | $488.4M | $460.9M | $453.5M | $221.1M | $90.0M | $28.1M | $1.6M |
| Share buybacks (net) | $148.2M | $0 | $34.1M | $26.0M | $2.6M | $150.2M | — | — | — | — |
| Dividend payout ratio | 119.9% | 110.2% | 77.3% | 104.7% | 73.8% | 117.0% | 44.4% | 44.5% | 27.1% | 9.9% |
| Dividends + buybacks / free cash flow | 51.7% | 409.2% | 125.9% | 236.7% | — | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Capex / depreciation | 0.00 | — | — | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 1.6% | 2.7% | 2.2% | 3.1% | 2.9% | 5.3% | 4.2% | 6.0% | 8.8% | 25.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 24.7 | 42.8 | 37.4 | 47.7 | 31.3 | 56.2 | 42.8 | 57.7 | 55.8 | 49.2 |
| Days of inventory on hand | — | — | 243.5 | 381.4 | 401.4 | 566.9 | -17,614.3 | -20,826.6 | -6,937.7 | -46,655.2 |
| Days payables outstanding | 145.0 | 117.8 | 118.2 | 168.1 | 259.7 | 387.2 | 647.5 | 402.7 | 394.2 | — |
| Cash conversion cycle (days) | -120.3 | -75.0 | 162.7 | 261.1 | 173.0 | 236.0 | -18,219.1 | -21,171.6 | -7,276.1 | — |
| Receivables turnover | 14.77 | 8.53 | 9.77 | 7.65 | 11.65 | 6.50 | 8.53 | 6.33 | 6.54 | 7.42 |
| Payables turnover | 2.52 | 3.10 | 3.09 | 2.17 | 1.41 | 0.94 | 0.56 | 0.91 | 0.93 | — |
| Inventory turnover | — | — | — | 0.96 | 0.91 | 0.64 | — | — | — | — |
| Asset turnover | 0.11 | 0.08 | 0.09 | 0.06 | 0.07 | 0.04 | 0.06 | 0.05 | 0.06 | 0.02 |
| Average receivables | $113.7M | $129.0M | $130.5M | $105.7M | $75.7M | $67.6M | $53.6M | $35.1M | $17.9M | $3.3M |
| Average payables | $164.6M | $140.4M | $133.0M | $125.8M | $137.1M | $144.7M | $109.4M | $57.5M | $33.5M | — |
| Average inventory | — | — | $274.0M | $285.4M | $211.8M | $211.8M | −$2.98B | −$2.98B | −$590.4M | −$1.18B |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from OBDC's annual financial statements (latest annual report filed February 18, 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.
OBDC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Blue Owl Capital traded at 10.0 times earnings, against a 10-year median of 9.9. Based on the latest twelve months, the trailing P/E is 18.1 and the forward P/E is 8.3. Blue Owl Capital earned a return on equity of 9.4% and a return on invested capital of 8.1% in fiscal 2025. It ended the year with $9.3 billion of debt and $9.8 million in cash and short-term investments, net debt of $9.3 billion. It returned $900.7 million to shareholders: $752.5 million in dividends and $148.2 million in share buybacks, 52% of free cash flow. The share count rose 77.7% from 284.8M to 506.1M over 9 years.
See the OBDC income statement, the OBDC chart for price history, or the OBDC stock overview for the latest quote and news.
OBDC key metrics FAQ
What is Blue Owl Capital's P/E ratio?
Blue Owl Capital's trailing P/E ratio is 18.1 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 8.3. At the end of fiscal 2025 it was 10.0, compared with a 10-year median of 9.9.
What is Blue Owl Capital's EV/EBITDA?
Blue Owl Capital's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $15.6 billion, EBITDA $1.3 billion).
What is Blue Owl Capital's return on equity?
Blue Owl Capital's return on equity (ROE) was 9.4% in fiscal 2025: net income of $627.4 million on average shareholders' equity of $6.7 billion.
What is Blue Owl Capital's ROIC?
Blue Owl Capital's return on invested capital was 8.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Blue Owl Capital have?
Blue Owl Capital had total debt of $9.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.26 and $9.3 billion of net debt (7.26 times EBITDA).
What is Blue Owl Capital's dividend yield?
Blue Owl Capital's forward dividend yield is 12.27%. Blue Owl Capital paid $752.5 million in dividends in fiscal 2025 ($1.49 per share), a payout ratio of 119.9%.
Does Blue Owl Capital buy back its shares?
Yes. Blue Owl Capital spent $148.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +29.7% over the year, to 506.1M..
What is Blue Owl Capital's free cash flow yield?
Blue Owl Capital generated $1.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 27.7% on its market value at year-end ($6.3 billion).