GSBD vs CGBD

For growth investors, Goldman Sachs BDC, Inc.

(GSBD) is the stronger pick with 26. 0% revenue growth year-over-year, versus -2. 9% for Carlyle Secured Lending, Inc. (CGBD). Carlyle Secured Lending, Inc. (CGBD) offers the better valuation at 7. 5x trailing P/E (8. 1x forward), making it the more compelling value choice. Analysts rate Goldman Sachs BDC, Inc. (GSBD) a "Hold" — based on 9 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, Carlyle Secured Lending, Inc.

(CGBD) is the cheapest at 7. 5x versus Goldman Sachs BDC, Inc. at 9. 7x. On forward P/E, Goldman Sachs BDC, Inc. is actually cheaper at 8. 1x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Carlyle Secured Lending, Inc.

(CGBD) delivered a total return of +48. 5%, compared to -3. 4% for Goldman Sachs BDC, Inc. (GSBD). Over 10 years, the gap is even starker: CGBD returned +47. 8% versus GSBD's +44. 7%. 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), Goldman Sachs BDC, Inc.

(GSBD) is the lower-risk stock at 0. 50β versus Carlyle Secured Lending, Inc. 's 0. 61β — meaning CGBD is approximately 24% more volatile than GSBD relative to the S&P 500. On balance sheet safety, Carlyle Secured Lending, Inc. (CGBD) carries a lower debt/equity ratio of 107% versus 132% for Goldman Sachs BDC, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Goldman Sachs BDC, Inc.

(GSBD) is pulling ahead at 26. 0% versus -2. 9% for Carlyle Secured Lending, Inc. (CGBD). On earnings-per-share growth, the picture is similar: Goldman Sachs BDC, Inc. grew EPS 87. 3% year-over-year, compared to -3. 7% for Carlyle Secured Lending, Inc.. 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.

Carlyle Secured Lending, Inc.

(CGBD) is the more profitable company, earning 53. 0% net margin versus 49. 2% for Goldman Sachs BDC, Inc. — meaning it keeps 53. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GSBD leads at 98. 4% versus 54. 7% for CGBD. At the gross margin level — before operating expenses — GSBD leads at 75. 4%, 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, Goldman Sachs BDC, Inc.

(GSBD) trades at 8. 1x forward P/E versus 8. 1x for Carlyle Secured Lending, Inc. — 0. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CGBD: 27. 3% to $15. 00.

All stocks in this comparison pay dividends.

Goldman Sachs BDC, Inc. (GSBD) offers the highest yield at 20. 3%, versus 0. 2% for Carlyle Secured Lending, Inc. (CGBD).

For long-horizon retirement investors, Goldman Sachs BDC, Inc.

(GSBD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 50), 20. 3% yield). Both have compounded well over 10 years (GSBD: +44. 7%, CGBD: +47. 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.

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: GSBD is a small-cap high-growth stock; CGBD is a small-cap deep-value stock. GSBD pays a dividend while CGBD does not, making them suitable for different income and tax situations. 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.