Asset Management
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Side-by-side financial analysisStock Comparison
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
Asset Management
Asset Management
Asset Management
Banks - Diversified
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||||
|---|---|---|---|---|---|---|
| Industry | Asset Management | Asset Management | Asset Management | Asset Management | Asset Management | Banks - Diversified |
| Market Cap | $65M | $13.37B | $3.31B | $1.16B | $762M | $892.31B |
| Revenue (TTM) | $22M | $2.63B | $761M | $99M | $217M | $280.33B |
| Net Income (TTM) | $-19M | $1.15B | $205M | $-38M | $52M | $57.05B |
| Gross Margin | 78.9% | 70.8% | 75.4% | -23.3% | 75.3% | 60.0% |
| Operating Margin | -71.8% | 66.2% | 57.1% | -6.2% | 45.0% | 25.9% |
| Forward P/E | — | 9.7x | 9.3x | 5.0x | 7.9x | 14.3x |
| Total Debt | $7M | $15.99B | $4.90B | $2.09B | $1.53B | $942.38B |
| Cash & Equiv. | $100K | $924M | $24M | $47M | $45M | $343.34B |
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 24 | Jun 26 | Return |
|---|---|---|---|
| Pearl Diver Credit … (PDCC) | 100 | 46.5 | -53.5% |
| Ares Capital Corpor… (ARCC) | 100 | 88.9 | -11.1% |
| Golub Capital BDC, … (GBDC) | 100 | 83.2 | -16.8% |
| Prospect Capital Co… (PSEC) | 100 | 42.5 | -57.5% |
| Carlyle Secured Len… (CGBD) | 100 | 62.1 | -37.9% |
| JPMorgan Chase & Co. (JPM) | 100 | 150.1 | +50.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PDCC ranks third and is worth considering specifically for sleep-well-at-night and bank quality.
- Lower volatility, beta 0.27, Low D/E 5.2%, current ratio 0.15x
- NIM 13.7% vs JPM's 2.2%
- Beta 0.27 vs JPM's 0.94, lower leverage
Among these 6 stocks, ARCC doesn't own a clear edge in any measured category.
GBDC carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 42.5%, EPS growth 4.4%
- 42.5% NII/revenue growth vs PSEC's -159.2%
- Efficiency ratio 0.0% vs PDCC's 1.5% (lower = leaner)
- Efficiency ratio 0.0% vs PDCC's 1.5%
PSEC is the #2 pick in this set and the best alternative if value and dividends is your priority.
- Lower P/E (5.0x vs 14.3x)
- 32.7% yield, vs JPM's 1.9%, (1 stock pays no dividend)
CGBD is the clearest fit if your priority is income & stability and valuation efficiency.
- Dividend streak 0 yrs, beta 0.47, yield 13.7%
- PEG 0.12 vs ARCC's 0.94
- Beta 0.47, yield 13.7%, current ratio 0.53x
JPM is the clearest fit if your priority is long-term compounding.
- 475.6% 10Y total return vs ARCC's 153.0%
- +20.3% vs PDCC's -28.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 42.5% NII/revenue growth vs PSEC's -159.2% | |
| Value | Lower P/E (5.0x vs 14.3x) | |
| Quality / Margins | Efficiency ratio 0.0% vs PDCC's 1.5% (lower = leaner) | |
| Stability / Safety | Beta 0.27 vs JPM's 0.94, lower leverage | |
| Dividends | 32.7% yield, vs JPM's 1.9%, (1 stock pays no dividend) | |
| Momentum (1Y) | +20.3% vs PDCC's -28.6% | |
| Efficiency (ROA) | Efficiency ratio 0.0% vs PDCC's 1.5% |
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
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Segment breakdown not available.
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM — Financial Metrics
Side-by-side numbers across 6 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
PSEC leads in 1 of 6 categories
PDCC leads 1 • JPM leads 1 • ARCC leads 0 • GBDC leads 0 • CGBD leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — ARCC and PSEC each lead in 2 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
JPM is the larger business by revenue, generating $280.3B annually — 12585.8x PDCC's $22M. ARCC is the more profitable business, keeping 43.7% of every revenue dollar as net income compared to PDCC's -86.8%.
| Metric | ||||||
|---|---|---|---|---|---|---|
| RevenueTrailing 12 months | $22M | $2.6B | $761M | $99M | $217M | $280.3B |
| EBITDAEarnings before interest/tax | — | $2.0B | $431M | -$6M | $105M | $81.4B |
| Net IncomeAfter-tax profit | — | $1.1B | $205M | -$38M | $52M | $57.0B |
| Free Cash FlowCash after capex | — | $1.1B | $313M | $413M | $46M | $100.9B |
| Gross MarginGross profit ÷ Revenue | +78.9% | +70.8% | +75.4% | -23.3% | +75.3% | +60.0% |
| Operating MarginEBIT ÷ Revenue | -71.8% | +66.2% | +57.1% | -6.2% | +45.0% | +25.9% |
| Net MarginNet income ÷ Revenue | -86.8% | +43.7% | +26.9% | -38.0% | +23.8% | +20.4% |
| FCF MarginFCF ÷ Revenue | +124.8% | +43.5% | +41.2% | +4.2% | +21.3% | +36.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | -63.9% | -160.0% | +130.8% | -123.8% | +16.0% |
Valuation Metrics
PSEC leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 9.0x trailing earnings, GBDC trades at a 44% valuation discount to JPM's 15.9x P/E. Adjusting for growth (PEG ratio), CGBD offers better value at 0.17x vs ARCC's 0.97x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||||
|---|---|---|---|---|---|---|
| Market CapShares × price | $65M | $13.4B | $3.3B | $1.2B | $762M | $892.3B |
| Enterprise ValueMkt cap + debt − cash | $72M | $28.4B | $8.2B | $3.2B | $2.2B | $1.49T |
| Trailing P/EPrice ÷ TTM EPS | -4.07x | 10.01x | 8.96x | -1.71x | 10.85x | 15.93x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 9.72x | 9.27x | 5.02x | 7.93x | 14.34x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.97x | 0.29x | — | 0.17x | 0.90x |
| EV / EBITDAEnterprise value multiple | — | 12.98x | 11.92x | — | 12.80x | 18.32x |
| Price / SalesMarket cap ÷ Revenue | 2.92x | 4.25x | 3.81x | — | 3.85x | 3.19x |
| Price / BookPrice ÷ Book value/share | 0.50x | 0.91x | 0.85x | 0.34x | 0.65x | 2.46x |
| Price / FCFMarket cap ÷ FCF | 2.34x | 11.71x | — | 2.21x | — | 8.85x |
Profitability & Efficiency
PDCC leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
JPM delivers a 15.9% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-14 for PDCC. PDCC carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to JPM's 2.60x. On the Piotroski fundamental quality scale (0–9), PDCC scores 5/9 vs CGBD's 2/9, reflecting solid financial health.
| Metric | ||||||
|---|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -14.5% | +8.1% | +5.2% | -1.1% | +4.4% | +15.9% |
| ROA (TTM)Return on assets | -12.1% | +3.8% | +2.3% | -0.6% | +2.0% | +1.3% |
| ROICReturn on invested capital | -8.5% | +5.7% | +5.9% | -6.3% | +5.6% | +4.5% |
| ROCEReturn on capital employed | -10.4% | +7.5% | +7.8% | -6.5% | +7.4% | +8.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 | 4 | 4 | 2 | 5 |
| Debt / EquityFinancial leverage | 0.05x | 1.12x | 1.23x | 0.70x | 1.31x | 2.60x |
| Net DebtTotal debt minus cash | $7M | $15.1B | $4.9B | $2.0B | $1.5B | $599.0B |
| Cash & Equiv.Liquid assets | $99,688 | $924M | $24M | $47M | $45M | $343.3B |
| Total DebtShort + long-term debt | $7M | $16.0B | $4.9B | $2.1B | $1.5B | $942.4B |
| Interest CoverageEBIT ÷ Interest expense | -4.78x | 2.98x | 1.62x | -0.05x | 1.10x | 0.74x |
Total Returns (Dividends Reinvested)
JPM leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JPM five years ago would be worth $22,071 today (with dividends reinvested), compared to $6,323 for PSEC. Over the past 12 months, JPM leads with a +20.3% total return vs PDCC's -28.6%. The 3-year compound annual growth rate (CAGR) favors JPM at 32.7% vs PSEC's -12.7% — a key indicator of consistent wealth creation.
| Metric | ||||||
|---|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -24.7% | -4.2% | -1.4% | -3.3% | -9.5% | -0.9% |
| 1-Year ReturnPast 12 months | -28.6% | -3.7% | -2.0% | -12.3% | -9.1% | +20.3% |
| 3-Year ReturnCumulative with dividends | -26.0% | +30.7% | +31.1% | -33.5% | +9.6% | +133.8% |
| 5-Year ReturnCumulative with dividends | -26.0% | +44.6% | +31.2% | -36.8% | +42.0% | +120.7% |
| 10-Year ReturnCumulative with dividends | -26.0% | +153.0% | +56.9% | +26.0% | +43.3% | +475.6% |
| CAGR (3Y)Annualised 3-year return | -9.5% | +9.3% | +9.4% | -12.7% | +3.1% | +32.7% |
Risk & Volatility
Evenly matched — PDCC and JPM each lead in 1 of 2 comparable metrics.
Risk & Volatility
PDCC is the less volatile stock with a 0.27 beta — it tends to amplify market swings less than JPM's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JPM currently trades 94.7% from its 52-week high vs PDCC's 52.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||||
|---|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.69x | 0.60x | 0.80x | 0.47x | 0.94x |
| 52-Week HighHighest price in past year | $18.40 | $23.42 | $15.63 | $3.50 | $14.49 | $337.25 |
| 52-Week LowLowest price in past year | $9.25 | $17.40 | $11.77 | $2.11 | $10.48 | $266.85 |
| % of 52W HighCurrent price vs 52-week peak | +52.0% | +79.5% | +81.4% | +66.0% | +75.6% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 32.6 | 60.2 | 54.6 | 46.1 | 49.8 | 65.0 |
| Avg Volume (50D)Average daily shares traded | 13K | 5.5M | 1.4M | 5.4M | 616K | 7.0M |
Analyst Outlook
Evenly matched — PSEC and JPM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ARCC as "Buy", GBDC as "Buy", PSEC as "Hold", CGBD as "Hold", JPM as "Buy". Consensus price targets imply 12.0% upside for GBDC (target: $14) vs 2.0% for ARCC (target: $19). For income investors, PSEC offers the higher dividend yield at 32.68% vs JPM's 1.86%.
| Metric | ||||||
|---|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | — | $19.00 | $14.25 | $2.50 | $12.00 | $339.75 |
| # AnalystsCovering analysts | — | 32 | 12 | 20 | 7 | 61 |
| Dividend YieldAnnual dividend ÷ price | — | +2.1% | +10.9% | +32.7% | +13.7% | +1.9% |
| Dividend StreakConsecutive years of raises | 2 | 0 | 0 | 0 | 0 | 15 |
| Dividend / ShareAnnual DPS | — | $0.38 | $1.38 | $0.75 | $1.51 | $5.95 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +2.3% | +0.2% | +1.8% | +3.9% |
PSEC leads in 1 of 6 categories (Valuation Metrics). PDCC leads in 1 (Profitability & Efficiency). 3 tied.
PDCC vs ARCC vs GBDC vs PSEC vs CGBD vs JPM: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is PDCC or ARCC or GBDC or PSEC or CGBD or JPM a better buy right now?
For growth investors, Golub Capital BDC, Inc.
(GBDC) is the stronger pick with 42. 5% revenue growth year-over-year, versus -159. 2% for Prospect Capital Corporation (PSEC). Golub Capital BDC, Inc. (GBDC) offers the better valuation at 9. 0x trailing P/E (9. 3x forward), making it the more compelling value choice. Analysts rate Ares Capital Corporation (ARCC) a "Buy" — based on 32 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 — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
On trailing P/E, Golub Capital BDC, Inc.
(GBDC) is the cheapest at 9. 0x versus JPMorgan Chase & Co. at 15. 9x. On forward P/E, Prospect Capital Corporation is actually cheaper at 5. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Carlyle Secured Lending, Inc. wins at 0. 12x versus Ares Capital Corporation's 0. 94x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
Over the past 5 years, JPMorgan Chase & Co.
(JPM) delivered a total return of +120. 7%, compared to -36. 8% for Prospect Capital Corporation (PSEC). Over 10 years, the gap is even starker: JPM returned +475. 6% versus PDCC's -26. 0%. 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 — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
By beta (market sensitivity over 5 years), Pearl Diver Credit Company Inc.
(PDCC) is the lower-risk stock at 0. 27β versus JPMorgan Chase & Co. 's 0. 94β — meaning JPM is approximately 244% more volatile than PDCC relative to the S&P 500. On balance sheet safety, Pearl Diver Credit Company Inc. (PDCC) carries a lower debt/equity ratio of 5% versus 3% for JPMorgan Chase & Co. — giving it more financial flexibility in a downturn.
05Which is growing faster — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
By revenue growth (latest reported year), Golub Capital BDC, Inc.
(GBDC) is pulling ahead at 42. 5% versus -159. 2% for Prospect Capital Corporation (PSEC). On earnings-per-share growth, the picture is similar: Golub Capital BDC, Inc. grew EPS 4. 4% year-over-year, compared to -475. 0% for Prospect Capital 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 — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
Prospect Capital Corporation (PSEC) is the more profitable company, earning 169.
8% net margin versus -86. 8% for Pearl Diver Credit Company Inc. — meaning it keeps 169. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PSEC leads at 169. 8% versus -71. 8% for PDCC. At the gross margin level — before operating expenses — PSEC leads at 147. 0%, 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 PDCC or ARCC or GBDC or PSEC or CGBD or JPM 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, Carlyle Secured Lending, Inc. (CGBD) is the more undervalued stock at a PEG of 0. 12x versus Ares Capital Corporation's 0. 94x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Prospect Capital Corporation (PSEC) trades at 5. 0x forward P/E versus 14. 3x for JPMorgan Chase & Co. — 9. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GBDC: 12. 0% to $14. 25.
08Which pays a better dividend — PDCC or ARCC or GBDC or PSEC or CGBD or JPM?
In this comparison, PSEC (32.
7% yield), CGBD (13. 7% yield), GBDC (10. 9% yield), ARCC (2. 1% yield), JPM (1. 9% yield) pay a dividend. PDCC does not pay a meaningful dividend and should not be held primarily for income.
09Is PDCC or ARCC or GBDC or PSEC or CGBD or JPM better for a retirement portfolio?
For long-horizon retirement investors, Carlyle Secured Lending, Inc.
(CGBD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 47), 13. 7% yield). Both have compounded well over 10 years (CGBD: +43. 3%, PDCC: -26. 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.
10What are the main differences between PDCC and ARCC and GBDC and PSEC and CGBD and JPM?
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: PDCC is a small-cap high-growth stock; ARCC is a mid-cap high-growth stock; GBDC is a small-cap high-growth stock; PSEC is a small-cap income-oriented stock; CGBD is a small-cap high-growth stock; JPM is a large-cap deep-value stock. ARCC, GBDC, PSEC, CGBD, JPM pay a dividend while PDCC 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.
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