Blue Owl Technology Finance Corp. (OTF) Key Metrics
OTF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.18B
- Enterprise value
- $6.41B
- P/E (TTM)
- 11.4
- Forward P/E
- 7.4
- PEG ratio
- —
- Price / sales
- 3.2
- Price / book
- 0.6
- EV / EBITDA
- 8.8
- Dividend yield
- 15.33% $1.40 a year
- Beta
- —
OTF key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOTF returns How much profit the business earns on the capital it uses.
OTF per-share figures Results divided by the shares outstanding at year-end.
OTF financial health Debt, liquidity and how easily interest is covered.
OTF efficiency & capital use Working capital cycle and where the cash goes.
OTF valuation history
OTF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OTF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OTF cash returned to shareholders
OTF price vs earnings per share
OTF key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $5.95B | — | — | — | — | — |
| Enterprise value | $12.24B | — | — | — | — | — |
| P/E ratio | 8.3 | — | — | — | — | — |
| Price / sales | 5.5 | — | — | — | — | — |
| Price / book | 0.7 | — | — | — | — | — |
| Price / free cash flow | 6.4 | — | — | — | — | — |
| Price / operating cash flow | 6.4 | — | — | — | — | — |
| EV / sales | 11.4 | — | — | — | — | — |
| EV / EBITDA | 16.8 | — | — | — | — | — |
| EV / free cash flow | 13.2 | — | — | — | — | — |
| Earnings yield | 12.1% | — | — | — | — | — |
| Free cash flow yield | 15.5% | — | — | — | — | — |
| Dividend yield | 6.6% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 7.8% | — | — | — | — | — |
| Share price at fiscal year-end | $14.54 | — | — | — | — | — |
| Per share | ||||||
| Revenue per share | $2.62 | $2.56 | $2.87 | $0.87 | $2.67 | $0.85 |
| Earnings per share | $1.76 | $1.52 | $1.80 | $0.09 | $2.11 | $0.61 |
| Operating cash flow per share | $2.26 | $1.06 | $3.46 | −$1.47 | −$13.01 | $0.29 |
| Free cash flow per share | $2.26 | $1.06 | $3.46 | −$1.47 | −$13.01 | $0.29 |
| Cash per share | $0.00 | $1.23 | $2.29 | $1.01 | $0.53 | $0.41 |
| Book value per share | $19.64 | $17.28 | $17.22 | $16.82 | $17.54 | $7.43 |
| Tangible book value per share | $19.64 | $17.28 | $17.22 | $16.82 | $17.54 | $7.43 |
| Dividends per share | $0.96 | $1.10 | $1.02 | $0.68 | $0.41 | $0.24 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $15.36 | $13.89 | $14.38 | $15.68 | $13.13 | $8.02 |
| Shares outstanding | 409.4M | 209.8M | 205.0M | 201.4M | 201.4M | 201.4M |
| Change in shares outstanding | +95.2% | +2.3% | +1.8% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 12.3% | 8.9% | 10.7% | 0.5% | 16.9% | 8.2% |
| Return on invested capital (ROIC) | 7.0% | 5.2% | 6.0% | 0.3% | 9.3% | 3.2% |
| Return on assets (ROA) | 6.7% | 4.8% | 5.5% | 0.3% | 9.0% | 3.9% |
| Return on tangible assets | 4.9% | 4.7% | 5.5% | 0.3% | 6.8% | 3.9% |
| Free cash flow margin | 86.1% | 41.3% | 120.6% | −167.6% | −487.7% | 34.3% |
| Income quality (OCF / net income) | 1.28 | 0.69 | 1.92 | −15.54 | −6.17 | 0.48 |
| Financial health | ||||||
| Total debt | $6.29B | $2.91B | $2.95B | $3.16B | $2.64B | $1.61B |
| Cash & short-term investments | $667,000 | $257.0M | $469.0M | $203.3M | $107.0M | $82.2M |
| Net debt | $6.29B | $2.66B | $2.48B | $2.95B | $2.54B | $1.53B |
| Debt / equity | 0.78 | 0.80 | 0.83 | 0.93 | 0.75 | 1.08 |
| Debt / assets | 0.43 | 0.43 | 0.44 | 0.47 | 0.42 | 0.51 |
| Net debt / EBITDA | 8.63 | 5.17 | 4.39 | 19.31 | 4.93 | 9.80 |
| Current ratio | — | 2.46 | 5.14 | 4.25 | 3.51 | — |
| Quick ratio | — | 2.46 | 5.14 | 4.25 | 3.51 | — |
| Interest coverage | 2.3 | 1.8 | 2.0 | 0.2 | 5.1 | 3.6 |
| Working capital | — | $181.0M | $418.0M | $192.0M | $107.9M | — |
| Invested capital | $14.33B | $6.28B | $6.01B | $6.34B | $6.07B | $3.03B |
| Tangible asset value | $8.04B | $3.63B | $3.53B | $3.39B | $3.53B | $1.50B |
| Net current asset value | −$6.59B | −$2.79B | −$2.60B | −$3.02B | −$2.61B | — |
| Graham number | $27.89 | $24.33 | $26.41 | $5.98 | $28.85 | $10.07 |
| Graham net-net per share | −$16.15 | −$13.37 | −$12.76 | −$15.08 | −$13.01 | −$7.77 |
| Capital allocation | ||||||
| Dividends paid | $393.7M | $230.0M | $208.7M | $136.3M | $83.3M | $49.3M |
| Share buybacks (net) | $73.4M | $0 | $0 | $0 | — | — |
| Dividend payout ratio | 54.7% | 72.0% | 56.5% | 717.5% | 19.6% | 40.4% |
| Dividends + buybacks / free cash flow | 50.6% | 103.7% | 29.5% | — | — | 84.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | — | — | 0.0% |
| SG&A / revenue | 2.2% | 2.5% | 2.3% | 7.2% | 2.5% | 5.4% |
| Efficiency | ||||||
| Days sales outstanding | 22.2 | 33.2 | 30.4 | 95.0 | 20.9 | 37.9 |
| Days payables outstanding | 194.3 | 223.6 | 157.0 | 147.7 | 185.8 | — |
| Cash conversion cycle (days) | -172.1 | -190.4 | -126.6 | -52.7 | -164.9 | — |
| Receivables turnover | 16.41 | 10.98 | 12.01 | 3.84 | 17.43 | 9.63 |
| Payables turnover | 1.88 | 1.63 | 2.33 | 2.47 | 1.96 | — |
| Asset turnover | 0.10 | 0.08 | 0.09 | 0.03 | 0.11 | 0.05 |
| Average receivables | $65.4M | $48.9M | $48.9M | $45.9M | $30.8M | $17.7M |
| Average payables | $156.3M | $112.4M | $80.1M | $51.1M | $43.0M | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from OTF'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.
OTF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Blue Owl Technology Finance traded at 8.3 times earnings. Based on the latest twelve months, the trailing P/E is 11.4 and the forward P/E is 7.4. Blue Owl Technology Finance earned a return on equity of 12.3% and a return on invested capital of 7.0% in fiscal 2025. It ended the year with $6.3 billion of debt and $0.7 million in cash and short-term investments, net debt of $6.3 billion. It returned $467.2 million to shareholders: $393.7 million in dividends and $73.4 million in share buybacks, 51% of free cash flow. The share count rose 103.3% from 201.4M to 409.4M over 5 years.
See the OTF income statement, the OTF chart for price history, or the OTF stock overview for the latest quote and news.
OTF key metrics FAQ
What is Blue Owl Technology Finance's P/E ratio?
Blue Owl Technology Finance's trailing P/E ratio is 11.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.4. At the end of fiscal 2025 it was 8.3.
What is Blue Owl Technology Finance's EV/EBITDA?
Blue Owl Technology Finance's enterprise value was 16.8 times EBITDA at the end of fiscal 2025 (enterprise value $12.2 billion, EBITDA $728.6 million); the current EV/EBITDA is 8.8.
What is Blue Owl Technology Finance's return on equity?
Blue Owl Technology Finance's return on equity (ROE) was 12.3% in fiscal 2025: net income of $720.4 million on average shareholders' equity of $5.8 billion.
What is Blue Owl Technology Finance's ROIC?
Blue Owl Technology Finance's return on invested capital was 7.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Blue Owl Technology Finance have?
Blue Owl Technology Finance had total debt of $6.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.78 and $6.3 billion of net debt (8.63 times EBITDA).
What is Blue Owl Technology Finance's dividend yield?
Blue Owl Technology Finance's forward dividend yield is 15.33%. Blue Owl Technology Finance paid $393.7 million in dividends in fiscal 2025 ($0.96 per share), a payout ratio of 54.7%.
Does Blue Owl Technology Finance buy back its shares?
Yes. Blue Owl Technology Finance spent $73.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +95.2% over the year, to 409.4M..
What is Blue Owl Technology Finance's free cash flow yield?
Blue Owl Technology Finance generated $924.0 million of free cash flow in fiscal 2025, a free cash flow yield of 15.5% on its market value at year-end ($6.0 billion).