GSBD vs GBDC

For growth investors, Golub Capital BDC, Inc.

(GBDC) is the stronger pick with 42. 5% revenue growth year-over-year, versus 26. 0% for Goldman Sachs BDC, Inc. (GSBD). Golub Capital BDC, Inc. (GBDC) offers the better valuation at 9. 3x trailing P/E (9. 2x forward), making it the more compelling value choice. Analysts rate Golub Capital BDC, Inc. (GBDC) a "Buy" — based on 11 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, Golub Capital BDC, Inc.

(GBDC) is the cheapest at 9. 3x 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, Golub Capital BDC, Inc.

(GBDC) delivered a total return of +33. 2%, compared to -3. 4% for Goldman Sachs BDC, Inc. (GSBD). Over 10 years, the gap is even starker: GBDC returned +61. 0% 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 Golub Capital BDC, Inc. 's 0. 64β — meaning GBDC is approximately 29% more volatile than GSBD relative to the S&P 500. On balance sheet safety, Golub Capital BDC, Inc. (GBDC) carries a lower debt/equity ratio of 123% versus 132% for Goldman Sachs BDC, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Golub Capital BDC, Inc.

(GBDC) is pulling ahead at 42. 5% versus 26. 0% for Goldman Sachs BDC, Inc. (GSBD). On earnings-per-share growth, the picture is similar: Goldman Sachs BDC, Inc. grew EPS 87. 3% year-over-year, compared to 4. 4% for Golub Capital BDC, 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.

Goldman Sachs BDC, Inc.

(GSBD) is the more profitable company, earning 49. 2% net margin versus 43. 2% for Golub Capital BDC, Inc. — meaning it keeps 49. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GSBD leads at 98. 4% versus 78. 9% for GBDC. At the gross margin level — before operating expenses — GBDC leads at 81. 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.

On forward earnings alone, Goldman Sachs BDC, Inc.

(GSBD) trades at 8. 1x forward P/E versus 9. 2x for Golub Capital BDC, Inc. — 1. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GBDC: 9. 0% to $14. 33.

All stocks in this comparison pay dividends.

Goldman Sachs BDC, Inc. (GSBD) offers the highest yield at 20. 3%, versus 10. 5% for Golub Capital BDC, Inc. (GBDC).

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%, GBDC: +61. 0%), 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.

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.