WHF
WhiteHorse Finance, Inc.
Asset Management
Market Cap$169M
5Y Perf.-22.3%
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Stock Comparison
WHF vs SLRC
Revenue, margins, valuation, and 5-year total return — side by side.
SLRC
SLR Investment Corp.
Asset Management
Market Cap$745M
5Y Perf.-18.8%
WHF vs SLRC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | WHF | SLRC |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $169M | $745M |
| Revenue (TTM) | $38M | $220M |
| Net Income (TTM) | $16M | $73M |
| Gross Margin | 52.3% | 73.3% |
| Operating Margin | 100.9% | 72.9% |
| Forward P/E | 7.0x | 8.5x |
| Total Debt | $324M | $1.15B |
| Cash & Equiv. | $29M | $16M |
WHF vs SLRC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
WHF
SLRC
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| WhiteHorse Finance,… (WHF) | 100 | 77.7 | -22.3% |
| SLR Investment Corp. (SLRC) | 100 | 81.2 | -18.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WHF vs SLRC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: WHF leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. SLR Investment Corp. is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
WHF
WhiteHorse Finance, Inc.
The Banking Pick
WHF carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.47, yield 20.8%
- Rev growth 121.6%, EPS growth 31.9%
- 125.5% 10Y total return vs SLRC's 64.4%
Best for: income & stability and growth exposure
SLRC
SLR Investment Corp.
The Banking Pick
SLRC is the clearest fit if your priority is bank quality.
- NIM 5.9% vs WHF's 4.9%
- 42.0% margin vs WHF's 37.8%
- -1.0% vs WHF's -4.0%
Best for: bank quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WHF | 121.6% NII/revenue growth vs SLRC's 24.8% |
| Value | WHF | Lower P/E (7.0x vs 8.5x) |
| Quality / Margins | SLRC | 42.0% margin vs WHF's 37.8% |
| Stability / Safety | WHF | Beta 0.47 vs SLRC's 0.76 |
| Dividends | WHF | 20.8% yield, 1-year raise streak, vs SLRC's 12.0% |
| Momentum (1Y) | SLRC | -1.0% vs WHF's -4.0% |
| Efficiency (ROA) | SLRC | 2.9% ROA vs WHF's 2.5%, ROIC 5.8% vs 4.7% |
WHF vs SLRC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSLRCLAGGINGWHF
WHFWhiteHorse Finance, I…
1leads
SLRCSLR Investment Corp.
4leads
6 Total Categories
CATEGORYLEADERvs WHFMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SLRC3/5
Valuation MetricsMultiples, price ratios, and targets
SLRC3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SLRC6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SLRC4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
WHF2/2
Income & Cash Flow (Last 12 Months)
SLRC leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
SLRC is the larger business by revenue, generating $220M annually — 5.8x WHF's $38M. Profitability is closely matched — net margins range from 42.0% (SLRC) to 37.8% (WHF).
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| RevenueTrailing 12 months | $38M | $220M |
| EBITDAEarnings before interest/tax | -$4M | $73M |
| Net IncomeAfter-tax profit | $16M | $73M |
| Free Cash FlowCash after capex | $65M | -$73M |
| Gross MarginGross profit ÷ Revenue | +52.3% | +73.3% |
| Operating MarginEBIT ÷ Revenue | +100.9% | +72.9% |
| Net MarginNet income ÷ Revenue | +37.8% | +42.0% |
| FCF MarginFCF ÷ Revenue | +50.9% | -32.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -110.0% | -100.0% |
SLRC leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
SLRC leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 8.0x trailing earnings, SLRC trades at a 34% valuation discount to WHF's 12.2x P/E. On an enterprise value basis, SLRC's 11.5x EV/EBITDA is more attractive than WHF's 12.4x.
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| Market CapShares × price | $169M | $745M |
| Enterprise ValueMkt cap + debt − cash | $463M | $1.9B |
| Trailing P/EPrice ÷ TTM EPS | 12.23x | 8.04x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.98x | 8.48x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.23x |
| EV / EBITDAEnterprise value multiple | 12.36x | 11.47x |
| Price / SalesMarket cap ÷ Revenue | 4.45x | 3.39x |
| Price / BookPrice ÷ Book value/share | 0.68x | 0.75x |
| Price / FCFMarket cap ÷ FCF | 8.74x | — |
SLRC leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
SLRC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
SLRC delivers a 7.3% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $6 for WHF. SLRC carries lower financial leverage with a 1.15x debt-to-equity ratio, signaling a more conservative balance sheet compared to WHF's 1.25x. On the Piotroski fundamental quality scale (0–9), WHF scores 7/9 vs SLRC's 3/9, reflecting strong financial health.
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| ROE (TTM)Return on equity | +6.0% | +7.3% |
| ROA (TTM)Return on assets | +2.5% | +2.9% |
| ROICReturn on invested capital | +4.7% | +5.8% |
| ROCEReturn on capital employed | +6.5% | +7.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 |
| Debt / EquityFinancial leverage | 1.25x | 1.15x |
| Net DebtTotal debt minus cash | $295M | $1.1B |
| Cash & Equiv.Liquid assets | $29M | $16M |
| Total DebtShort + long-term debt | $324M | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | -0.20x | 1.06x |
SLRC leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SLRC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SLRC five years ago would be worth $11,622 today (with dividends reinvested), compared to $9,823 for WHF. Over the past 12 months, SLRC leads with a -1.0% total return vs WHF's -4.0%. The 3-year compound annual growth rate (CAGR) favors SLRC at 9.4% vs WHF's 2.9% — a key indicator of consistent wealth creation.
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| YTD ReturnYear-to-date | +12.2% | -8.8% |
| 1-Year ReturnPast 12 months | -4.0% | -1.0% |
| 3-Year ReturnCumulative with dividends | +8.8% | +31.0% |
| 5-Year ReturnCumulative with dividends | -1.8% | +16.2% |
| 10-Year ReturnCumulative with dividends | +125.5% | +64.4% |
| CAGR (3Y)Annualised 3-year return | +2.9% | +9.4% |
SLRC leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — WHF and SLRC each lead in 1 of 2 comparable metrics.
Risk & Volatility
WHF is the less volatile stock with a 0.47 beta — it tends to amplify market swings less than SLRC's 0.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.47x | 0.76x |
| 52-Week HighHighest price in past year | $9.66 | $17.20 |
| 52-Week LowLowest price in past year | $6.07 | $13.41 |
| % of 52W HighCurrent price vs 52-week peak | +78.5% | +79.4% |
| RSI (14)Momentum oscillator 0–100 | 55.1 | 33.0 |
| Avg Volume (50D)Average daily shares traded | 106K | 404K |
Evenly matched — WHF and SLRC each lead in 1 of 2 comparable metrics.
Analyst Outlook
WHF leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WHF as "Hold" and SLRC as "Buy". Consensus price targets imply 58.3% upside for WHF (target: $12) vs 19.0% for SLRC (target: $16). For income investors, WHF offers the higher dividend yield at 20.84% vs SLRC's 12.01%.
| Metric | WHFWhiteHorse Financ… | SLRCSLR Investment Co… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $12.00 | $16.25 |
| # AnalystsCovering analysts | 18 | 15 |
| Dividend YieldAnnual dividend ÷ price | +20.8% | +12.0% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.58 | $1.64 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.4% | 0.0% |
WHF leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
SLRC leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). WHF leads in 1 (Analyst Outlook). 1 tied.
Best OverallSLR Investment Corp. (SLRC)Leads 4 of 6 categories
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WHF vs SLRC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WHF or SLRC a better buy right now?
For growth investors, WhiteHorse Finance, Inc.
(WHF) is the stronger pick with 121. 6% revenue growth year-over-year, versus 24. 8% for SLR Investment Corp. (SLRC). SLR Investment Corp. (SLRC) offers the better valuation at 8. 0x trailing P/E (8. 5x forward), making it the more compelling value choice. Analysts rate SLR Investment Corp. (SLRC) a "Buy" — based on 15 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 — WHF or SLRC?
On trailing P/E, SLR Investment Corp.
(SLRC) is the cheapest at 8. 0x versus WhiteHorse Finance, Inc. at 12. 2x. On forward P/E, WhiteHorse Finance, Inc. is actually cheaper at 7. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — WHF or SLRC?
Over the past 5 years, SLR Investment Corp.
(SLRC) delivered a total return of +16. 2%, compared to -1. 8% for WhiteHorse Finance, Inc. (WHF). Over 10 years, the gap is even starker: WHF returned +125. 5% versus SLRC's +64. 4%. 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 — WHF or SLRC?
By beta (market sensitivity over 5 years), WhiteHorse Finance, Inc.
(WHF) is the lower-risk stock at 0. 47β versus SLR Investment Corp. 's 0. 76β — meaning SLRC is approximately 63% more volatile than WHF relative to the S&P 500. On balance sheet safety, SLR Investment Corp. (SLRC) carries a lower debt/equity ratio of 115% versus 125% for WhiteHorse Finance, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WHF or SLRC?
By revenue growth (latest reported year), WhiteHorse Finance, Inc.
(WHF) is pulling ahead at 121. 6% versus 24. 8% for SLR Investment Corp. (SLRC). On earnings-per-share growth, the picture is similar: WhiteHorse Finance, Inc. grew EPS 31. 9% year-over-year, compared to -3. 4% for SLR Investment 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 — WHF or SLRC?
SLR Investment Corp.
(SLRC) is the more profitable company, earning 42. 0% net margin versus 37. 8% for WhiteHorse Finance, Inc. — meaning it keeps 42. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WHF leads at 100. 9% versus 72. 9% for SLRC. At the gross margin level — before operating expenses — SLRC leads at 73. 3%, 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 WHF or SLRC more undervalued right now?
On forward earnings alone, WhiteHorse Finance, Inc.
(WHF) trades at 7. 0x forward P/E versus 8. 5x for SLR Investment Corp. — 1. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WHF: 58. 3% to $12. 00.
08Which pays a better dividend — WHF or SLRC?
All stocks in this comparison pay dividends.
WhiteHorse Finance, Inc. (WHF) offers the highest yield at 20. 8%, versus 12. 0% for SLR Investment Corp. (SLRC).
09Is WHF or SLRC better for a retirement portfolio?
For long-horizon retirement investors, WhiteHorse Finance, Inc.
(WHF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 47), 20. 8% yield, +125. 5% 10Y return). Both have compounded well over 10 years (WHF: +125. 5%, SLRC: +64. 4%), 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 WHF and SLRC?
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>
%
(WHF: 121.6% · SLRC: 24.8%)Net Margin>
%
(WHF: 37.8% · SLRC: 42.0%)P/E Ratio<
x
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