GSBD
Goldman Sachs BDC, Inc.
Asset Management
Market Cap$1.12B
5Y Perf.-40.8%
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Stock Comparison
GSBD vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$243M
5Y Perf.-40.2%
GSBD vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | GSBD | TPVG |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $1.12B | $243M |
| Revenue (TTM) | $242M | $97M |
| Net Income (TTM) | $112M | $-12M |
| Gross Margin | 75.4% | 83.5% |
| Operating Margin | 98.4% | 77.9% |
| Forward P/E | 8.1x | 6.5x |
| Total Debt | $1.88B | $469M |
| Cash & Equiv. | $43M | $20M |
GSBD vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
GSBD
TPVG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Goldman Sachs BDC, … (GSBD) | 100 | 59.2 | -40.8% |
| TriplePoint Venture… (TPVG) | 100 | 59.8 | -40.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GSBD vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TPVG leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Goldman Sachs BDC, Inc. is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
GSBD
Goldman Sachs BDC, Inc.
The Banking Pick
GSBD is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.50, yield 20.3%
- Lower volatility, beta 0.50, current ratio 0.95x
- Beta 0.50, yield 20.3%, current ratio 0.95x
Best for: income & stability and sleep-well-at-night
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 93.3% 10Y total return vs GSBD's 44.7%
- 36.6% NII/revenue growth vs GSBD's 26.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs GSBD's 26.0% |
| Value | TPVG | Lower P/E (6.5x vs 8.1x) |
| Quality / Margins | TPVG | 50.6% margin vs GSBD's 49.2% |
| Stability / Safety | GSBD | Beta 0.50 vs TPVG's 0.83, lower leverage |
| Dividends | GSBD | 20.3% yield, 1-year raise streak, vs TPVG's 17.1% |
| Momentum (1Y) | TPVG | +19.3% vs GSBD's +11.9% |
| Efficiency (ROA) | GSBD | 3.3% ROA vs TPVG's -1.5%, ROIC 5.3% vs 7.2% |
GSBD vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLGSBDLAGGINGTPVG
TPVGTriplePoint Venture G…
1leads
GSBDGoldman Sachs BDC, In…
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6 Total Categories
CATEGORYLEADERvs TPVGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
GSBD3/5
Valuation MetricsMultiples, price ratios, and targets
TPVG5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
GSBD5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
GSBD4/6
Risk & VolatilityBeta, volatility, and downside exposure
GSBD2/2
Analyst OutlookRatings, price targets, and dividends
GSBD2/2
Income & Cash Flow (Last 12 Months)
GSBD leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
GSBD is the larger business by revenue, generating $242M annually — 2.5x TPVG's $97M. Profitability is closely matched — net margins range from 50.6% (TPVG) to 49.2% (GSBD).
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| RevenueTrailing 12 months | $242M | $97M |
| EBITDAEarnings before interest/tax | $165M | -$22M |
| Net IncomeAfter-tax profit | $112M | -$12M |
| Free Cash FlowCash after capex | $202M | $35M |
| Gross MarginGross profit ÷ Revenue | +75.4% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +98.4% | +77.9% |
| Net MarginNet income ÷ Revenue | +49.2% | +50.6% |
| FCF MarginFCF ÷ Revenue | +134.3% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -144.4% | -2.3% |
GSBD leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TPVG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 49% valuation discount to GSBD's 9.7x P/E. On an enterprise value basis, TPVG's 9.1x EV/EBITDA is more attractive than GSBD's 12.6x.
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| Market CapShares × price | $1.1B | $243M |
| Enterprise ValueMkt cap + debt − cash | $3.0B | $691M |
| Trailing P/EPrice ÷ TTM EPS | 9.65x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.06x | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 12.57x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 4.62x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.81x | 0.68x |
| Price / FCFMarket cap ÷ FCF | 3.44x | — |
TPVG leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
GSBD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
GSBD delivers a 7.8% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-3 for TPVG. GSBD carries lower financial leverage with a 1.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x. On the Piotroski fundamental quality scale (0–9), GSBD scores 6/9 vs TPVG's 5/9, reflecting solid financial health.
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| ROE (TTM)Return on equity | +7.8% | -3.4% |
| ROA (TTM)Return on assets | +3.3% | -1.5% |
| ROICReturn on invested capital | +5.3% | +7.2% |
| ROCEReturn on capital employed | +7.0% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.32x | 1.33x |
| Net DebtTotal debt minus cash | $1.8B | $449M |
| Cash & Equiv.Liquid assets | $43M | $20M |
| Total DebtShort + long-term debt | $1.9B | $469M |
| Interest CoverageEBIT ÷ Interest expense | 1.05x | -1.02x |
GSBD leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
GSBD leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GSBD five years ago would be worth $9,665 today (with dividends reinvested), compared to $8,649 for TPVG. Over the past 12 months, TPVG leads with a +19.3% total return vs GSBD's +11.9%. The 3-year compound annual growth rate (CAGR) favors GSBD at 5.4% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| YTD ReturnYear-to-date | +10.9% | -6.3% |
| 1-Year ReturnPast 12 months | +11.9% | +19.3% |
| 3-Year ReturnCumulative with dividends | +17.2% | -3.4% |
| 5-Year ReturnCumulative with dividends | -3.4% | -13.5% |
| 10-Year ReturnCumulative with dividends | +44.7% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +5.4% | -1.2% |
GSBD leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
GSBD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
GSBD is the less volatile stock with a 0.50 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. GSBD currently trades 82.6% from its 52-week high vs TPVG's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.50x | 0.83x |
| 52-Week HighHighest price in past year | $12.03 | $7.53 |
| 52-Week LowLowest price in past year | $8.66 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +82.6% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 68.3 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 1.4M | 504K |
GSBD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
GSBD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates GSBD as "Hold" and TPVG as "Hold". Consensus price targets imply 49.4% upside for TPVG (target: $9) vs -9.5% for GSBD (target: $9). For income investors, GSBD offers the higher dividend yield at 20.33% vs TPVG's 17.11%.
| Metric | GSBDGoldman Sachs BDC… | TPVGTriplePoint Ventu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $9.00 | $8.95 |
| # AnalystsCovering analysts | 9 | 12 |
| Dividend YieldAnnual dividend ÷ price | +20.3% | +17.1% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $2.02 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.7% | 0.0% |
GSBD leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
GSBD leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TPVG leads in 1 (Valuation Metrics).
Best OverallGoldman Sachs BDC, Inc. (GSBD)Leads 5 of 6 categories
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GSBD vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is GSBD or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus 26. 0% for Goldman Sachs BDC, Inc. (GSBD). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 5x 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.
02Which has the better valuation — GSBD or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus Goldman Sachs BDC, Inc. at 9. 7x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x.
03Which is the better long-term investment — GSBD or TPVG?
Over the past 5 years, Goldman Sachs BDC, Inc.
(GSBD) delivered a total return of -3. 4%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +93. 3% 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.
04Which is safer — GSBD or TPVG?
By beta (market sensitivity over 5 years), Goldman Sachs BDC, Inc.
(GSBD) is the lower-risk stock at 0. 50β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 67% more volatile than GSBD relative to the S&P 500. On balance sheet safety, Goldman Sachs BDC, Inc. (GSBD) carries a lower debt/equity ratio of 132% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — GSBD or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% 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 48. 8% for TriplePoint Venture Growth BDC 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.
06Which has better profit margins — GSBD or TPVG?
TriplePoint Venture Growth BDC Corp.
(TPVG) is the more profitable company, earning 50. 6% net margin versus 49. 2% for Goldman Sachs BDC, Inc. — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GSBD leads at 98. 4% versus 77. 9% for TPVG. 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 GSBD or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 5x forward P/E versus 8. 1x for Goldman Sachs BDC, Inc. — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 49. 4% to $8. 95.
08Which pays a better dividend — GSBD or TPVG?
All stocks in this comparison pay dividends.
Goldman Sachs BDC, Inc. (GSBD) offers the highest yield at 20. 3%, versus 17. 1% for TriplePoint Venture Growth BDC Corp. (TPVG).
09Is GSBD or TPVG better for a retirement portfolio?
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%, TPVG: +93. 3%), 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 GSBD 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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Revenue Growth>
%
(GSBD: 26.0% · TPVG: 36.6%)Net Margin>
%
(GSBD: 49.2% · TPVG: 50.6%)P/E Ratio<
x
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