FSK vs OBDC

For growth investors, Blue Owl Capital Corporation (OBDC) is the stronger pick with 52.

6% revenue growth year-over-year, versus 5. 5% for FS KKR Capital Corp. (FSK). Blue Owl Capital Corporation (OBDC) offers the better valuation at 9. 5x trailing P/E (8. 6x forward), making it the more compelling value choice. Analysts rate Blue Owl Capital Corporation (OBDC) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Blue Owl Capital Corporation (OBDC) is the cheapest at 9.

5x versus FS KKR Capital Corp. at 290. 6x. On forward P/E, FS KKR Capital Corp. is actually cheaper at 6. 7x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Blue Owl Capital Corporation (OBDC) delivered a total return of +36.

4%, compared to +19. 2% for FS KKR Capital Corp. (FSK). Over 10 years, the gap is even starker: OBDC returned +43. 4% versus FSK's +11. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Blue Owl Capital Corporation (OBDC) is the lower-risk stock at 0.

84β versus FS KKR Capital Corp. 's 0. 87β — meaning FSK is approximately 4% more volatile than OBDC relative to the S&P 500. On balance sheet safety, Blue Owl Capital Corporation (OBDC) carries a lower debt/equity ratio of 126% versus 131% for FS KKR Capital Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Blue Owl Capital Corporation (OBDC) is pulling ahead at 52.

6% versus 5. 5% for FS KKR Capital Corp. (FSK). On earnings-per-share growth, the picture is similar: Blue Owl Capital Corporation grew EPS -19. 0% year-over-year, compared to -98. 1% for FS KKR Capital Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Blue Owl Capital Corporation (OBDC) is the more profitable company, earning 37.

4% net margin versus 0. 9% for FS KKR Capital Corp. — meaning it keeps 37. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OBDC leads at 73. 2% versus 49. 5% for FSK. At the gross margin level — before operating expenses — OBDC leads at 75. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, FS KKR Capital Corp.

(FSK) trades at 6. 7x forward P/E versus 8. 6x for Blue Owl Capital Corporation — 1. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FSK: 44. 5% to $16. 50.

All stocks in this comparison pay dividends.

FS KKR Capital Corp. (FSK) offers the highest yield at 24. 5%, versus 12. 6% for Blue Owl Capital Corporation (OBDC).

For long-horizon retirement investors, Blue Owl Capital Corporation (OBDC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

84), 12. 6% yield). Both have compounded well over 10 years (OBDC: +43. 4%, FSK: +11. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: FSK is a small-cap income-oriented stock; OBDC is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.