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FDUS vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
FDUS vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $705M | $226M |
| Revenue (TTM) | $159M | $97M |
| Net Income (TTM) | $82M | $46M |
| Gross Margin | 72.6% | 83.5% |
| Operating Margin | 76.1% | 77.9% |
| Forward P/E | 9.2x | 6.0x |
| Total Debt | $231M | $469M |
| Cash & Equiv. | $70M | $20M |
FDUS vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Fidus Investment Co… (FDUS) | 100 | 194.8 | +94.8% |
| TriplePoint Venture… (TPVG) | 100 | 55.6 | -44.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FDUS vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FDUS carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.67, yield 11.4%
- Rev growth 40.1%, EPS growth -3.3%
- 143.6% 10Y total return vs TPVG's 87.8%
TPVG is the clearest fit if your priority is value and dividends.
- Lower P/E (6.0x vs 9.2x)
- 18.4% yield, vs FDUS's 11.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.1% NII/revenue growth vs TPVG's 36.6% | |
| Value | Lower P/E (6.0x vs 9.2x) | |
| Quality / Margins | 51.7% margin vs TPVG's 50.6% | |
| Stability / Safety | Beta 0.67 vs TPVG's 0.83, lower leverage | |
| Dividends | 18.4% yield, vs FDUS's 11.4% | |
| Momentum (1Y) | +9.9% vs TPVG's +8.6% | |
| Efficiency (ROA) | 6.3% ROA vs TPVG's 5.6%, ROIC 8.6% vs 7.2% |
FDUS vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TPVG leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
FDUS is the larger business by revenue, generating $159M annually — 1.6x TPVG's $97M. Profitability is closely matched — net margins range from 51.7% (FDUS) to 50.6% (TPVG).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $159M | $97M |
| EBITDAEarnings before interest/tax | $120M | $63M |
| Net IncomeAfter-tax profit | $82M | $46M |
| Free Cash FlowCash after capex | -$147M | $35M |
| Gross MarginGross profit ÷ Revenue | +72.6% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +76.1% | +77.9% |
| Net MarginNet income ÷ Revenue | +51.7% | +50.6% |
| FCF MarginFCF ÷ Revenue | -92.3% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -3.8% | -100.0% |
Valuation Metrics
TPVG leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 4.6x trailing earnings, TPVG trades at a 43% valuation discount to FDUS's 8.0x P/E. Adjusting for growth (PEG ratio), FDUS offers better value at 0.63x vs TPVG's 4.50x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $705M | $226M |
| Enterprise ValueMkt cap + debt − cash | $866M | $674M |
| Trailing P/EPrice ÷ TTM EPS | 8.01x | 4.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.24x | 6.04x |
| PEG RatioP/E ÷ EPS growth rate | 0.63x | 4.50x |
| EV / EBITDAEnterprise value multiple | 7.20x | 8.90x |
| Price / SalesMarket cap ÷ Revenue | 4.43x | 2.32x |
| Price / BookPrice ÷ Book value/share | 0.89x | 0.63x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
FDUS leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
TPVG delivers a 13.1% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $12 for FDUS. FDUS carries lower financial leverage with a 0.31x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.7% | +13.1% |
| ROA (TTM)Return on assets | +6.3% | +5.6% |
| ROICReturn on invested capital | +8.6% | +7.2% |
| ROCEReturn on capital employed | +9.5% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.31x | 1.33x |
| Net DebtTotal debt minus cash | $161M | $449M |
| Cash & Equiv.Liquid assets | $70M | $20M |
| Total DebtShort + long-term debt | $231M | $469M |
| Interest CoverageEBIT ÷ Interest expense | 3.40x | 2.15x |
Total Returns (Dividends Reinvested)
FDUS leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FDUS five years ago would be worth $17,090 today (with dividends reinvested), compared to $8,097 for TPVG. Over the past 12 months, FDUS leads with a +9.9% total return vs TPVG's +8.6%. The 3-year compound annual growth rate (CAGR) favors FDUS at 11.8% vs TPVG's -2.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -2.2% | -12.7% |
| 1-Year ReturnPast 12 months | +9.9% | +8.6% |
| 3-Year ReturnCumulative with dividends | +39.8% | -7.5% |
| 5-Year ReturnCumulative with dividends | +70.9% | -19.0% |
| 10-Year ReturnCumulative with dividends | +143.6% | +87.8% |
| CAGR (3Y)Annualised 3-year return | +11.8% | -2.6% |
Risk & Volatility
FDUS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FDUS is the less volatile stock with a 0.67 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FDUS currently trades 84.1% from its 52-week high vs TPVG's 74.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.67x | 0.83x |
| 52-Week HighHighest price in past year | $22.09 | $7.53 |
| 52-Week LowLowest price in past year | $16.86 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +84.1% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 63.0 | 55.8 |
| Avg Volume (50D)Average daily shares traded | 299K | 498K |
Analyst Outlook
TPVG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FDUS as "Buy" and TPVG as "Hold". For income investors, TPVG offers the higher dividend yield at 18.40% vs FDUS's 11.45%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | 12 | 12 |
| Dividend YieldAnnual dividend ÷ price | +11.4% | +18.4% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.13 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
TPVG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). FDUS leads in 3 (Profitability & Efficiency, Total Returns).
FDUS vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FDUS or TPVG a better buy right now?
For growth investors, Fidus Investment Corporation (FDUS) is the stronger pick with 40.
1% revenue growth year-over-year, versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 6x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate Fidus Investment Corporation (FDUS) a "Buy" — based on 12 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.
02Which has the better valuation — FDUS or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 6x versus Fidus Investment Corporation at 8. 0x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Fidus Investment Corporation wins at 0. 73x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — FDUS or TPVG?
Over the past 5 years, Fidus Investment Corporation (FDUS) delivered a total return of +70.
9%, compared to -19. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: FDUS returned +143. 6% versus TPVG's +87. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FDUS or TPVG?
By beta (market sensitivity over 5 years), Fidus Investment Corporation (FDUS) is the lower-risk stock at 0.
67β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 24% more volatile than FDUS relative to the S&P 500. On balance sheet safety, Fidus Investment Corporation (FDUS) carries a lower debt/equity ratio of 31% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — FDUS or TPVG?
By revenue growth (latest reported year), Fidus Investment Corporation (FDUS) is pulling ahead at 40.
1% versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -3. 3% for Fidus Investment Corporation. 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.
06Which has better profit margins — FDUS or TPVG?
Fidus Investment Corporation (FDUS) is the more profitable company, earning 51.
7% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 51. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 76. 1% for FDUS. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, 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.
07Is FDUS or TPVG more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Fidus Investment Corporation (FDUS) is the more undervalued stock at a PEG of 0. 73x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TriplePoint Venture Growth BDC Corp. (TPVG) trades at 6. 0x forward P/E versus 9. 2x for Fidus Investment Corporation — 3. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — FDUS or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 18. 4%, versus 11. 4% for Fidus Investment Corporation (FDUS).
09Is FDUS or TPVG better for a retirement portfolio?
For long-horizon retirement investors, Fidus Investment Corporation (FDUS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
67), 11. 4% yield, +143. 6% 10Y return). Both have compounded well over 10 years (FDUS: +143. 6%, TPVG: +87. 8%), 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.
10What are the main differences between FDUS and TPVG?
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.
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.
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