Symbols / GBDC Stock $13.16 +1.54% Golub Capital BDC, Inc.

Financial Services • Asset Management • United States • NMS
GBDC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. David B. Golub Ph.D.
Exch · Country NMS · United States
Market Cap 3.43B
Enterprise Value 8.06B
Income 204.80M
Sales 831.33M
FCF (ttm) 288.45M
Book/sh 14.84
Cash/sh 0.28
Employees —
Insider 10d —
IPO Apr 15, 2010
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 194.81%
P/E 17.09
Forward P/E 10.43
PEG 1.40
P/S 4.12
P/B 0.89
P/C —
EV/EBITDA —
EV/Sales 9.69
Quick Ratio 1.76
Current Ratio 2.67
Debt/Eq 125.46
LT Debt/Eq —
EPS (ttm) 0.77
EPS next Y 1.26
EPS Growth —
Revenue Growth -12.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-03
Earnings (prior) 2026-05-04
ROA 4.66%
ROE 5.26%
ROIC —
Gross Margin 100.00%
Oper. Margin 77.93%
Profit Margin 24.64%
Shs Outstand 260.50M
Shs Float —
Insider Own 1.39%
Instit Own 51.44%
Short Float 6.40%
Short Ratio 7.40
Short Interest 16.22M
52W High 15.63
vs 52W High -15.80%
52W Low 11.77
vs 52W Low 11.81%
Beta —
Impl. Vol. 6.25%
Rel Volume 0.55
Avg Volume 2.51M
Volume 1.38M
Target (mean) $13.75
Tgt Median $14.00
Tgt Low $13.00
Tgt High $14.00
# Analysts 6
Recom Buy
Prev Close $12.96
Price $13.16
Change 1.54%
About

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.75
Mean price target
2. Current target
$13.16
Latest analyst target
3. DCF / Fair value
$19.93
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.16
Low
$13.00
High
$14.00
Mean
$13.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-07 main RBC Capital Outperform → Outperform $14
2026-04-17 init RBC Capital — → Outperform $15
2026-02-06 main Wells Fargo Overweight → Overweight $13
2026-02-06 main Keefe, Bruyette & Woods Outperform → Outperform $14
2026-01-07 up Wells Fargo Equal-Weight → Overweight $14
2025-11-21 main Keefe, Bruyette & Woods Outperform → Outperform $15
2025-05-12 main B of A Securities Buy → Buy $16
2025-04-28 main Wells Fargo Equal-Weight → Equal-Weight $14
2025-04-08 main Keefe, Bruyette & Woods Outperform → Outperform $16
2024-11-21 main Wells Fargo Equal-Weight → Equal-Weight $15
2024-10-29 main Wells Fargo Equal-Weight → Equal-Weight $16
2024-08-07 main Oppenheimer Outperform → Outperform $17
2024-08-07 main Keefe, Bruyette & Woods Outperform → Outperform $17
2024-08-07 main Wells Fargo Equal-Weight → Equal-Weight $15
2024-07-26 main Wells Fargo Equal-Weight → Equal-Weight $16
2024-03-25 up B of A Securities Neutral → Buy $17
2024-01-29 main Wells Fargo Equal-Weight → Equal-Weight $16
2024-01-23 main Raymond James Outperform → Outperform $17
2023-11-22 main Keefe, Bruyette & Woods Outperform → Outperform $17
2023-11-22 main Raymond James Outperform → Outperform $16
News
RSS: Latest GBDC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-05-27 GOLUB LAWRENCE E Chairman of the Board — 6,059,971 $15.13 $91,687,363
2025-05-27 GOLUB DAVID B Chief Executive Officer — 6,059,971 $15.13 $91,687,363
2025-05-27 GOLUB DAVID B Chief Executive Officer — 6,059,971 $15.13 $91,687,363
2025-05-27 GOLUB LAWRENCE E Chairman of the Board — 6,059,971 $15.13 $91,687,363
2025-05-27 GOLUB DAVID B Chief Executive Officer — 6,059,971 $15.13 $91,687,363
2025-05-27 GOLUB LAWRENCE E Chairman of the Board — 6,059,971 $15.13 $91,687,363
2024-12-20 WEBSTER WILLIAM M IV Director — 7,100 $0.00 $0
2024-09-06 GOLUB LAWRENCE E Chairman of the Board — 40,000 $14.78 $593,800
2024-09-06 GOLUB DAVID B Chief Executive Officer — 40,000 $14.78 $593,800
2024-09-04 GOLUB LAWRENCE E Chairman of the Board — 40,000 $14.91 $597,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
407.83
+49.63%
272.57
-1.62%
277.05
+67.63%
165.28
Operating Revenue
407.83
+49.63%
272.57
-1.62%
277.05
+67.63%
165.28
Operating Expense
32.23
+1900.28%
-1.79
-112.06%
14.84
+39.87%
10.61
Selling General And Administration
22.18
+36.11%
16.30
+9.80%
14.84
+18.59%
12.52
General And Administrative Expense
22.18
+36.11%
16.30
+9.80%
14.84
+18.59%
12.52
Other Operating Expenses
10.04
+155.53%
-18.09
-345.08%
7.38
+487.61%
-1.90
Net Income
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Pretax Income
375.61
+36.90%
274.36
+4.63%
262.21
+69.53%
154.67
Net Interest Income
552.60
+11.12%
497.29
+14.58%
434.02
+47.88%
293.50
Interest Expense
280.62
+38.13%
203.16
+34.89%
150.61
+68.51%
89.38
Interest Income
833.23
+18.96%
700.44
+19.81%
584.63
+52.69%
382.88
Gain On Sale Of Security
-68.05
+12.68%
-77.93
-77.99%
-43.78
-318.87%
20.00
Tax Provision
-1.04
-280.52%
0.57
-83.94%
3.58
+191.38%
1.23
Tax Rate For Calcs
0.00
+9919.08%
0.00
-84.65%
0.00
+71.87%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Net Income From Continuing Operation Net Minority Interest
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Net Income From Continuing And Discontinued Operation
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Net Income Continuous Operations
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Normalized Income
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Net Income Common Stockholders
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Diluted EPS
1.42
+4.41%
1.36
-10.53%
1.52
+68.89%
0.90
Basic EPS
1.42
+4.41%
1.36
-10.53%
1.52
+68.89%
0.90
Basic Average Shares
266.00
+32.17%
201.26
+18.16%
170.32
-0.20%
170.67
Diluted Average Shares
266.00
+32.17%
201.26
+18.16%
170.32
-0.20%
170.67
Diluted NI Availto Com Stockholders
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
8,978.30
+3.15%
8,703.76
+51.81%
5,733.47
+0.92%
5,681.22
Cash And Cash Equivalents
23.62
-82.00%
131.16
+87.85%
69.83
-43.75%
124.14
Cash Equivalents
—
8.04
+91.16%
4.21
-38.54%
6.85
Cash Financial
23.62
-82.00%
131.16
+87.85%
69.83
-43.75%
124.14
Receivables
75.30
-2.93%
77.58
+33.64%
58.05
+179.19%
20.79
Investments And Advances
8,781.52
+6.25%
8,264.90
+49.41%
5,531.55
+0.96%
5,478.69
Total Liabilities Net Minority Interest
4,995.73
+6.54%
4,689.23
+47.20%
3,185.59
+1.56%
3,136.72
Payables
79.14
-0.23%
79.32
+32.14%
60.03
+11.54%
53.81
Accounts Payable
38.25
-16.30%
45.70
+84.66%
24.75
+21.41%
20.38
Other Payable
40.88
+21.61%
33.62
-4.70%
35.28
+5.52%
33.43
Long Term Debt And Capital Lease Obligation
4,900.77
+6.55%
4,599.43
+47.53%
3,117.72
+1.34%
3,076.39
Stockholders Equity
3,982.57
-0.80%
4,014.53
+57.56%
2,547.88
+0.13%
2,544.50
Common Stock Equity
3,982.57
-0.80%
4,014.53
+57.56%
2,547.88
+0.13%
2,544.50
Capital Stock
0.27
+0.76%
0.26
+55.29%
0.17
-0.58%
0.17
Common Stock
0.27
+0.76%
0.26
+55.29%
0.17
-0.58%
0.17
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
266.01
+0.65%
264.28
+55.83%
169.59
-0.76%
170.90
Ordinary Shares Number
266.01
+0.65%
264.28
+55.83%
169.59
-0.76%
170.90
Additional Paid In Capital
4,031.12
-3.27%
4,167.26
+57.44%
2,646.91
-1.11%
2,676.67
Retained Earnings
-48.82
+68.09%
-152.99
-54.22%
-99.20
+25.04%
-132.34
Total Equity Gross Minority Interest
3,982.57
-0.80%
4,014.53
+57.56%
2,547.88
+0.13%
2,544.50
Total Capitalization
8,883.34
+3.13%
8,613.96
+52.04%
5,665.60
+0.80%
5,620.89
Invested Capital
8,883.34
+3.13%
8,613.96
+52.04%
5,665.60
+0.80%
5,620.89
Total Debt
4,900.77
+6.55%
4,599.43
+47.53%
3,117.72
+1.34%
3,076.39
Net Debt
4,877.16
+9.15%
4,468.27
+46.60%
3,047.89
+3.24%
2,952.26
Net Tangible Assets
3,982.57
-0.80%
4,014.53
+57.56%
2,547.88
+0.13%
2,544.50
Tangible Book Value
3,982.57
-0.80%
4,014.53
+57.56%
2,547.88
+0.13%
2,544.50
Cash Cash Equivalents And Federal Funds Sold
112.44
-68.73%
359.55
+156.45%
140.21
-22.35%
180.55
Derivative Product Liabilities
5.02
0.00
0.00
—
Financial Assets Designatedas Fair Value Through Profitor Loss Total
8,769.39
+6.48%
8,235.41
+49.28%
5,516.61
+1.29%
5,446.36
Investmentin Financial Assets
8,781.52
+6.25%
8,264.90
+49.41%
5,531.55
+0.96%
5,478.69
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
-113.59
-133.03%
343.91
+76.03%
195.37
+146.91%
-416.46
Net Income From Continuing Operations
376.65
+37.57%
273.79
+5.86%
258.63
+68.56%
153.44
Other Non Cash Items
-50.97
-2306.49%
2.31
+105.26%
-43.92
-104.26%
-21.50
Gain Loss On Investment Securities
-435.95
-759.74%
66.08
+146.05%
26.86
+104.35%
-617.74
Net Foreign Currency Exchange Gain Loss
-4.85
+75.40%
-19.72
-20.59%
-16.35
-144.24%
36.96
Change In Working Capital
-4.90
-130.41%
16.10
+150.03%
-32.19
-197.24%
33.10
Change In Receivables
2.28
-90.94%
25.14
+167.48%
-37.26
-1429.56%
-2.44
Change In Accrued Expense
0.86
+634.78%
-0.16
-251.89%
0.11
-52.89%
0.23
Change In Payable
-0.72
+79.70%
-3.56
-147.83%
7.44
-74.58%
29.26
Change In Other Current Assets
-7.31
-37.34%
-5.32
-115.55%
-2.47
-140.83%
6.05
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-131.59
-5.92%
-124.24
+47.26%
-235.55
-166.70%
353.13
Net Issuance Payments Of Debt
287.66
+20.99%
237.75
+832.75%
25.49
-95.38%
551.46
Issuance Of Debt
4,802.19
+63.97%
2,928.61
+348.77%
652.58
-49.52%
1,292.67
Repayment Of Debt
-4,514.53
-67.77%
-2,690.87
-329.10%
-627.09
+15.40%
-741.21
Long Term Debt Issuance
4,802.19
+63.97%
2,928.61
+348.77%
652.58
-49.52%
1,292.67
Long Term Debt Payments
-4,514.53
-67.77%
-2,690.87
-329.10%
-627.09
+15.40%
-741.21
Net Long Term Debt Issuance
287.66
+20.99%
237.75
+832.75%
25.49
-95.38%
551.46
Net Common Stock Issuance
-40.40
-740.09%
-4.81
+92.46%
-63.79
-75.13%
-36.42
Common Stock Payments
-77.83
-1518.51%
-4.81
+92.46%
-63.79
-75.13%
-36.42
Common Stock Dividend Paid
-368.21
-8.88%
-338.19
-76.63%
-191.47
-23.36%
-155.21
Cash Dividends Paid
-368.21
-8.88%
-338.19
-76.63%
-191.47
-23.36%
-155.21
Repurchase Of Capital Stock
-77.83
-1518.51%
-4.81
+92.46%
-63.79
-75.13%
-36.42
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
-245.18
-211.61%
219.68
+646.79%
-40.18
+36.56%
-63.33
Effect Of Exchange Rate Changes
-1.93
-482.18%
-0.33
-93.57%
-0.17
+62.66%
-0.46
Beginning Cash Position
359.55
+156.45%
140.21
-22.35%
180.55
-26.11%
244.34
End Cash Position
112.44
-68.73%
359.55
+156.45%
140.21
-22.35%
180.55
Free Cash Flow
-113.59
-133.03%
343.91
+76.03%
195.37
+146.91%
-416.46
Common Stock Issuance
37.43
0.00
0.00
0.00
Dividend Received CFO
6.44
+13593.62%
0.05
+370.00%
0.01
0.00
Issuance Of Capital Stock
37.43
0.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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