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BBDC logoBarings BDC, Inc.(BBDC)Earnings, Financials & Key Ratios

BBDC•NYSE•Banking & Credit
8.5× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryCredit ServicesSub-IndustrySmall Business and Middle-Market Lending
AboutBarings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed. Barings BDC, Inc. Barings BDC, Inc. was incorporated on October 10, 2006 and is based in Charlotte, North Carolina with an additional office in Raleigh, North Carolina.Show more
  • Net Interest Income$176M+23.7%
  • Total Revenue$249M+19.0%
  • Net Income$102M-7.6%
  • Return on Equity8.67%-6.2%
  • Net Interest Margin6.69%+26.5%
  • Efficiency Ratio-11.18%-337.8%
  • ROA3.82%-6.9%
  • Equity / Assets44.03%-0.3%
  • Book Value per Share11.04-2.0%

BBDC Key Insights

Barings BDC, Inc. (BBDC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 65.6%
  • ✓Strong NIM of 6.7%
  • ✓Efficient operations: -11.2% efficiency ratio
  • ✓Well capitalized: 44.0% equity/assets
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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BBDC Price & Volume

Barings BDC, Inc. (BBDC) stock price & volume — 10-year historical chart

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BBDC Growth Metrics

Barings BDC, Inc. (BBDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.45%
5 Years46.42%
3 Years4.33%
TTM-

Profit CAGR

10 Years7.85%
5 Years65.63%
3 Years179.24%
TTM-9.64%

EPS CAGR

10 Years-3.87%
5 Years41.67%
3 Years177.28%
TTM-9.57%

Return on Capital

10 Years6.15%
5 Years6.34%
3 Years6.79%
Last Year8.06%

BBDC Recent Earnings

Barings BDC, Inc. (BBDC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.25+0.0%
$0.25
Rev
$61M-3.2%
$63M
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$0.27+3.8%
$0.26
Rev
$68M+0.5%
$68M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.32+18.5%
$0.27
Rev
$72M+7.0%
$68M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.28+7.7%
$0.26
Rev
$46M-31.0%
$66M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.25vs $0.25+0.0%
$61Mvs $63M-3.2%
Q1 2026Feb 19, 2026
$0.27vs $0.26+3.8%
$68Mvs $68M+0.5%
Q4 2025Nov 6, 2025
$0.32vs $0.27+18.5%
$72Mvs $68M+7.0%
Q3 2025Aug 7, 2025
$0.28vs $0.26+7.7%
$46Mvs $66M-31.0%
Based on last 12 quarters of dataView full earnings history →

BBDC Peer Comparison

Barings BDC, Inc. (BBDC) competitors in Small Business and Middle-Market Lending — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor12.95B18.039.6932.87%43.69%8.11%1.12
FSCO logoFSCOFS Credit Opportunities Corp.Direct Competitor997.19M4.936.49-18.64%10.48%0.20
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.22B12.358.7042.5%26.91%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor202.99M5.004.1036.55%-19.55%-3.39%1.33
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor742.15M7.4810.392.2%34.83%5.84%1.65
SLRC logoSLRCSLR Investment Corp.Direct Competitor677.57M12.427.3124.76%39.78%7.31%1.15
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor760.99M10.9510.8417.9%23.81%4.42%1.31
FSK logoFSKFS KKR Capital Corp.Product Competitor2.88B10.27261.325.5%-91.82%-9.39%1.31

Compare BBDC vs Peers

Barings BDC, Inc. (BBDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for BBDC.

Scale Benchmark

vs BX

Larger-name benchmark to compare BBDC against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, FSCO, GBDC, TPVG

BBDC Income Statement

Barings BDC, Inc. (BBDC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
80.41M50.27M47.39M47.13M80.42M117.14M154.17M142.63M176.43M148.46M
NII Growth %
5.45%-37.48%-5.74%-0.53%70.62%45.65%31.62%-7.49%23.7%42.52%
Net Interest Margin %
6.57%4.31%3.78%2.81%3.72%4.32%5.76%5.29%6.69%5.71%
Interest Income
109.67M74.16M73.49M66.95M113.44M174M238.88M228.14M261.5M232.27M
Interest Expense
29.26M23.89M26.1M19.81M33.01M56.87M84.71M85.52M85.08M83.82M
Loan Loss Provision
-29.26M-23.89M-26.1M289335-56.87M-84.71M0-20.38M-13.38M
Non-Interest Income
13.33M6.06M2.16M-29.97M6.37M45.13M50.32M-19.04M-12.67M-13.49M
Non-Interest Income %
10.84%7.56%2.86%-81.07%5.31%20.59%17.4%-9.11%-5.09%-6.17%
Total Revenue
123M▲ 0%
80.22M▼ 34.8%
75.65M▼ 5.7%
36.97M▼ 51.1%
119.8M▲ 224.0%
219.13M▲ 82.9%
289.2M▲ 32.0%
209.1M▼ 27.7%
248.84M▲ 19.0%
218.78M▲ 0%
Revenue Growth %
8.2%-34.78%-5.7%-51.13%224.03%82.91%31.98%-27.7%19%48.97%
Non-Interest Expense
21.51M28.8M19M8.93M9.1M46M74.68M9.83M-27.82M14.88M
Efficiency Ratio
17.48%35.9%25.11%24.16%7.59%20.99%25.82%4.7%-11.18%6.8%
Operating Income
101.5M▲ 0%
51.43M▼ 49.3%
56.65M▲ 10.2%
8.23M▼ 85.5%
77.69M▲ 844.1%
173.13M▲ 122.8%
214.52M▲ 23.9%
113.75M▼ 47.0%
211.96M▲ 86.3%
133.46M▲ 0%
Operating Margin %
82.52%64.1%74.89%22.26%64.85%79.01%74.18%54.4%85.18%61%
Operating Income Growth %
9.61%-49.33%10.16%-85.47%844.14%122.84%23.91%-46.97%86.33%-
Pretax Income
-27.78M▲ 0%
-115.21M▼ 314.8%
58.53M▲ 150.8%
8.23M▼ 85.9%
77.69M▲ 844.1%
6.09M▼ 92.2%
129.69M▲ 2030.5%
113.75M▼ 12.3%
105.81M▼ 7.0%
93.22M▲ 0%
Pretax Margin %
-22.58%-143.62%77.37%22.26%64.85%2.78%44.84%54.4%42.52%42.61%
Income Tax
871.41K-932.17K340.33K52K8K1.41M1.69M3.47M3.88M3.88M
Effective Tax Rate %
-3.14%0.81%0.58%0.63%0.01%23.1%1.3%3.05%3.67%4.16%
Net Income
-28.65M▲ 0%
-114.28M▼ 298.9%
58.19M▲ 150.9%
8.18M▼ 85.9%
77.69M▲ 850.0%
4.68M▼ 94.0%
128M▲ 2634.4%
110.29M▼ 13.8%
101.92M▼ 7.6%
89.34M▲ 0%
Net Margin %
-23.29%-142.45%76.92%22.12%64.84%2.14%44.26%52.74%40.96%40.84%
Net Income Growth %
-183.64%-298.88%150.92%-85.95%850.04%-93.97%2634.44%-13.84%-7.58%-9.64%
Net Income (Continuing)
-28.65M-114.28M58.19M8.18M77.69M4.68M128M110.29M101.92M89.34M
EPS (Diluted)
-0.62▲ 0%
-2.29▼ 269.4%
1.16▲ 150.7%
0.17▼ 85.3%
1.19▲ 600.0%
0.05▼ 96.2%
1.20▲ 2537.4%
1.04▼ 13.3%
0.97▼ 6.7%
0.85▲ 0%
EPS Growth %
-165.96%-269.35%150.66%-85.34%600%-96.18%2537.36%-13.33%-6.73%-9.57%
EPS (Basic)
-0.62-2.291.160.171.190.051.201.040.97-
Diluted Shares Outstanding
46.5M49.9M50.19M48.58M65.32M102.91M107.04M105.72M105.16M104.71M

BBDC Balance Sheet

Barings BDC, Inc. (BBDC) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
191.85M12.43M21.99M89M84.25M139.41M70.53M77.85M66.78M277.31M
Cash & Due from Banks
191.85M12.43M21.99M89M84.25M139.41M70.53M77.85M66.78M95.68M
Short Term Investments
0000000000
Total Investments
1.02B1.12B013.6M16.34M54.59M57.8M88.27M2.46B2.44B
Investments Growth %
-2.08%10.39%-100%-20.15%234.09%5.87%52.71%2689.91%6002.56%
Long-Term Investments
1.02B1.12B013.6M16.34M54.59M57.8M88.27M2.46B5.02B
Accounts Receivables
7.81M6.01M50.52M69.03M253.38M62.71M52.9M56.34M41.41M36.78M
Goodwill & Intangibles
0000000000
Goodwill
0000000000
Intangible Assets
0000000000
PP&E (Net)
81.15K000000000
Other Assets
5.11M251.91K1.18B1.5B1.8B2.45B2.49B2.47B9.66M25.75M
Total Current Assets
201.59M45.47M73.62M160.04M340.99M203.2M126.99M134.19M164.18M132.79M
Total Non-Current Assets
1.02B1.12B1.18B1.52B1.82B2.51B2.55B2.56B2.47B2.47B
Total Assets
1.22B▲ 0%
1.17B▼ 4.5%
1.25B▲ 7.3%
1.68B▲ 33.9%
2.16B▲ 28.9%
2.71B▲ 25.4%
2.68B▼ 1.2%
2.7B▲ 0.7%
2.64B▼ 2.2%
2.6B▲ 0%
Asset Growth %
5.47%-4.54%7.29%33.88%28.85%25.41%-1.2%0.68%-2.2%6.56%
Return on Assets (ROA)
-2.4%-9.56%4.81%0.56%4.05%0.19%4.75%4.11%3.82%3.29%
Accounts Payable
15.99M34.61M8.92M9.81M34.83M44.17M12.51M29.19M7.38M0
Total Debt
565.8M1.14B669.15M944M1.37B1.45B1.44B1.45B1.43B1.41B
Net Debt
373.95M1.13B647.16M855M1.29B1.31B1.37B1.37B1.36B1.32B
Long-Term Debt
565.8M570M669.15M944M1.37B1.45B1.44B1.45B1.43B1.41B
Short-Term Debt
0570M00000000
Other Liabilities
-1.33M-570M3.69M5.42M11.4M25.34M27.89M25.69M3.62M32.24M
Total Current Liabilities
15.99M604.61M8.92M9.81M34.83M44.17M12.51M29.19M41.98M0
Total Non-Current Liabilities
565.8M0672.84M949.42M1.38B1.47B1.47B1.48B1.43B1.45B
Total Liabilities
581.79M604.61M681.76M959.23M1.42B1.52B1.48B1.51B1.48B1.45B
Total Equity
641.28M▲ 0%
562.97M▼ 12.2%
570.87M▲ 1.4%
717.8M▲ 25.7%
741.93M▲ 3.4%
1.19B▲ 60.7%
1.2B▲ 0.4%
1.19B▼ 0.5%
1.16B▼ 2.5%
1.15B▲ 0%
Equity Growth %
4.93%-12.21%1.4%25.74%3.36%60.71%0.35%-0.52%-2.49%-9.95%
Equity / Assets (Capital Ratio)
52.43%48.22%45.57%42.8%34.33%44%44.69%44.16%44.03%44.36%
Return on Equity (ROE)
-4.58%-18.98%10.26%1.27%10.64%0.48%10.72%9.24%8.67%7.67%
Book Value per Share
13.7911.2811.3814.7811.3611.5911.1811.2611.0411.02
Tangible BV per Share
13.7911.2811.3814.7811.3611.5911.1811.2611.0411.02
Common Stock
47.74K51.28K48.95K65.32K65K108K106K105K104K104K
Additional Paid-in Capital
823.61M884.89M853.77M1.03B1.03B1.86B1.85B1.85B1.86B1.86B
Retained Earnings
-182.39M-321.98M-282.94M-309.97M-285.82M-663.75M-658M-656.73M-702.26M-709.49M
Accumulated OCI
-190.69M000000000
Treasury Stock
0000000000
Preferred Stock
0000000000

BBDC Cash Flow Statement

Barings BDC, Inc. (BBDC) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
7.97M-198.29M-31.5M-218.13M-396.55M86.27M76.94M117.85M160.54M163.82M
Operating CF Growth %
134.44%-2588.84%84.11%-592.38%-81.8%121.75%-10.81%53.16%36.23%441.22%
Net Income
-28.65M-114.28M58.19M8.18M77.69M4.68M128M110.29M101.92M89.34M
Depreciation & Amortization
65.86K27.41K-33.37B8.36B-21.92B121.87M0002.9M
Deferred Taxes
-722.17K-103.22M00000000
Other Non-Cash Items
25.69M23.13M33.28B-8.58B21.46B-16.65M-53.68M-10.51M55.36M75.17M
Working Capital Changes
5.56M-18.17M5.4M-1.59M-11.12M-23.63M2.63M18.07M3.25M-3.58M
Cash from Investing
-40.51K31.5K-75.16B-262.35B-451.63B-120.88M-21.14M4.31M072.44M
Purchase of Investments
-483.74B-2.92T-1.39T-2.06T-1.76T-1.16B-614.65M-637.44M0-108.68M
Sale/Maturity of Investments
403.68B1.92T1.31T1.9T1.31T1.04B593.5M641.75M0181.12M
Net Investment Activity
-80.06B-992.36B-75.16B-165.63B-451.63B-120.88M-21.14M4.31M072.44M
Acquisitions
031.5K0-96.72B000000
Other Investing
80.06B992.36B00000000
Cash from Financing
76.84M18.83M41.07M288.63M388.32M-31.11M-145.83M-101.35M-185.1M-241.19M
Dividends Paid
-77.07M-21.07M-26.93M-31.33M-53.56M-93.73M-109M-110.05M-125.25M-119.79M
Share Repurchases
-2.18M-51M-23.36M-7.13M0-32.1M-14.77M-6.44M-6.35M-4.9M
Stock Issued
132M99.84M0160.35M000000
Net Stock Activity
129.82M48.84M-23.36M153.22M0-32.1M-14.77M-6.44M-6.35M-4.9M
Debt Issuance (Net)
1000K-1000K1000K1000K1000K1000K-1000K1000K-1000K0
Other Financing
-5.6M99.53M-8.29M-773.39K-7.27M-1.87M-2.4M0-6.93M-6.93M
Net Change in Cash
84.76M▲ 0%
-179.42M▼ 311.7%
9.56M▲ 105.3%
70.5M▲ 637.1%
-8.23M▼ 111.7%
55.16M▲ 769.9%
-68.89M▼ 224.9%
20.81M▲ 130.2%
-24.56M▼ 218.0%
-4.94M▲ 0%
Exchange Rate Effect
0075.16B262.35B451.63B120.88M0000
Cash at Beginning
107.09M191.85M12.43M21.99M92.49M84.25M139.41M70.53M91.34M66.78M
Cash at End
191.85M12.43M21.99M92.49M84.25M139.41M70.53M91.34M66.78M95.68M
Interest Paid
00000000035.57M
Income Taxes Paid
0000000000
Free Cash Flow
7.93M▲ 0%
-198.29M▼ 2601.6%
-31.5M▲ 84.1%
-218.13M▼ 592.4%
-396.55M▼ 81.8%
86.27M▲ 121.8%
76.94M▼ 10.8%
117.85M▲ 53.2%
160.54M▲ 36.2%
163.82M▲ 0%
FCF Growth %
134.16%-2601.56%84.11%-592.38%-81.8%121.75%-10.81%53.16%36.23%56.05%

BBDC Banking Ratios

Barings BDC, Inc. (BBDC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
-4.58%-18.98%10.26%1.27%10.64%0.48%10.72%9.24%8.67%7.67%
Return on Assets (ROA)
-2.4%-9.56%4.81%0.56%4.05%0.19%4.75%4.11%3.82%3.29%
Net Interest Margin
6.57%4.31%3.78%2.81%3.72%4.32%5.76%5.29%6.69%5.71%
Efficiency Ratio
17.48%35.9%25.11%24.16%7.59%20.99%25.82%4.7%-11.18%6.8%
Equity / Assets
52.43%48.22%45.57%42.8%34.33%44%44.69%44.16%44.03%44.36%
Book Value / Share
13.7911.2811.3814.7811.3611.5911.1811.2611.0411.02
NII Growth
5.45%-37.48%-5.74%-0.53%70.62%45.65%31.62%-7.49%23.7%9.34%
Dividend Payout
--46.27%383.09%68.94%2002.26%85.15%-122.88%115.41%
Related:BBDC Dividend History·BBDC Revenue History·BBDC Price History·BBDC P/E History·BBDC Financial Ratios·BBDC Institutional Holders

BBDC SEC Filings & Documents

Barings BDC, Inc. (BBDC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Nov 17, 2025·SEC

10-K Annual Reports

4
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

BBDC Frequently Asked Questions

Barings BDC, Inc. (BBDC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Barings BDC, Inc. (BBDC) grew revenue by 19.0% over the past year. This is strong growth.

Yes, Barings BDC, Inc. (BBDC) is profitable, generating $89.3M in net income for fiscal year 2025 (41.0% net margin).

Dividend & Returns

Yes, Barings BDC, Inc. (BBDC) pays a dividend with a yield of 14.37%. This makes it attractive for income-focused investors.

Barings BDC, Inc. (BBDC) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

Industry Metrics

Barings BDC, Inc. (BBDC) has a net interest margin (NIM) of 6.7%. This indicates healthy earnings from lending activities.

Barings BDC, Inc. (BBDC) has an efficiency ratio of -11.2%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BBDC back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

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How much would $100/month in BBDC be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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