TRINZ vs OBDC vs ARCC vs FSK

For growth investors, Blue Owl Capital Corporation (OBDC) is the stronger pick with 52.

6% revenue growth year-over-year, versus 2. 4% for Trinity Capital Inc. 7. 875% Notes due 2029 (TRINZ). Blue Owl Capital Corporation (OBDC) offers the better valuation at 9. 2x trailing P/E (8. 3x forward), making it the more compelling value choice. Analysts rate Blue Owl Capital Corporation (OBDC) a "Buy" — based on 13 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, Blue Owl Capital Corporation (OBDC) is the cheapest at 9.

2x versus FS KKR Capital Corp. at 278. 4x. On forward P/E, FS KKR Capital Corp. is actually cheaper at 6. 4x — 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: Ares Capital Corporation wins at 0. 96x versus Blue Owl Capital Corporation's 1. 89x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Ares Capital Corporation (ARCC) delivered a total return of +47.

0%, compared to +16. 3% for FS KKR Capital Corp. (FSK). Over 10 years, the gap is even starker: ARCC returned +139. 2% versus FSK's +11. 2%. 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), Trinity Capital Inc.

7. 875% Notes due 2029 (TRINZ) is the lower-risk stock at 0. 57β versus FS KKR Capital Corp. 's 0. 87β — meaning FSK is approximately 53% more volatile than TRINZ relative to the S&P 500. On balance sheet safety, Ares Capital Corporation (ARCC) carries a lower debt/equity ratio of 112% versus 131% for FS KKR Capital Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Blue Owl Capital Corporation (OBDC) is pulling ahead at 52.

6% versus 2. 4% for Trinity Capital Inc. 7. 875% Notes due 2029 (TRINZ). On earnings-per-share growth, the picture is similar: Trinity Capital Inc. 7. 875% Notes due 2029 grew EPS -6. 7% year-over-year, compared to -98. 1% for FS KKR Capital 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.

Trinity Capital Inc.

7. 875% Notes due 2029 (TRINZ) is the more profitable company, earning 58. 4% net margin versus 0. 9% for FS KKR Capital Corp. — meaning it keeps 58. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRINZ leads at 93. 1% versus 49. 5% for FSK. At the gross margin level — before operating expenses — TRINZ leads at 100. 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.

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, Ares Capital Corporation (ARCC) is the more undervalued stock at a PEG of 0. 96x versus Blue Owl Capital Corporation's 1. 89x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, FS KKR Capital Corp. (FSK) trades at 6. 4x forward P/E versus 12. 3x for Trinity Capital Inc. 7. 875% Notes due 2029 — 5. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FSK: 50. 8% to $16. 50.

In this comparison, FSK (25.

6% yield), OBDC (13. 0% yield), ARCC (2. 0% yield) pay a dividend. TRINZ does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Ares Capital Corporation (ARCC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

77), 2. 0% yield, +139. 2% 10Y return). Both have compounded well over 10 years (ARCC: +139. 2%, TRINZ: +17. 9%), 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: TRINZ is a small-cap deep-value stock; OBDC is a small-cap high-growth stock; ARCC is a mid-cap high-growth stock; FSK is a small-cap income-oriented stock. OBDC, ARCC, FSK pay a dividend while TRINZ 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.