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Goldman Sachs BDC, Inc.(GSBD)Earnings, Financials & Key Ratios
GSBD•NYSE•Banking & Credit
$10.15
$1.16B mkt cap·9.9× P/E·Price updated May 6, 2026
AboutGoldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.Show more
- Net Interest Income$0-100.0%
- Total Revenue$366M+90.0%
- Net Income$182M+188.8%
- Return on Equity12.12%+206.1%
- Net Interest Margin0%-100.0%
- Efficiency Ratio2.17%-59.8%
- ROA5.2%+194.6%
- Equity / Assets42.06%-3.6%
- Book Value per Share12.31-10.2%
- Tangible BV/Share12.31-10.2%
GSBD Key Insights
Goldman Sachs BDC, Inc. (GSBD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 2.2% efficiency ratio
- ✓Well capitalized: 42.1% equity/assets
- ✓Trading at only 0.8x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GSBD Price & Volume
Goldman Sachs BDC, Inc. (GSBD) stock price & volume — 10-year historical chart
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GSBD Growth Metrics
Goldman Sachs BDC, Inc. (GSBD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years19.17%
5 Years14.41%
3 Years39.01%
TTM-
Profit CAGR
10 Years14.56%
5 Years0.61%
3 Years48.9%
TTM188.81%
EPS CAGR
10 Years-2.6%
5 Years-20.58%
3 Years24.02%
TTM83.93%
Return on Capital
10 Years5.58%
5 Years4.95%
3 Years6.18%
Last Year-
GSBD Recent Earnings
Goldman Sachs BDC, Inc. (GSBD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q1 2026Latest
Feb 26, 2026EPS
$0.37
Est $0.36
+2.8%
Revenue
$86M
Est $87M
-0.9%
Q4 2025
Nov 6, 2025EPS
$0.40
Est $0.37
+8.1%
Revenue
$56M
Est $87M
-36.0%
Q3 2025
Aug 7, 2025EPS
$0.38
Est $0.40
-5.0%
Revenue
$10M
Est $93M
-89.5%
Q2 2025
May 8, 2025EPS
$0.41
Est $0.43
-4.7%
Revenue
$97M
Est $101M
-4.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.37vs $0.36+2.8% | $86Mvs $87M-0.9% |
| Q4 2025 | Nov 6, 2025 | $0.40vs $0.37+8.1% | $56Mvs $87M-36.0% |
| Q3 2025 | Aug 7, 2025 | $0.38vs $0.40-5.0% | $10Mvs $93M-89.5% |
| Q2 2025 | May 8, 2025 | $0.41vs $0.43-4.7% | $97Mvs $101M-4.1% |
Based on last 12 quarters of dataView full earnings history →
GSBD Peer Comparison
Goldman Sachs BDC, Inc. (GSBD) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ARCC | 13.76B | 19.16 | 10.30 | 32.87% | 8.11% | 1.12 | ||
 FSCO | 1.04B | 5.23 | 5.51 | -17.44% | 13.47% | 0.32 | ||
 GBDC | 3.47B | 13.31 | 9.37 | 42.5% | 5.24% | 1.23 | ||
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 | ||
 CGBD | 866.09M | 11.88 | 7.52 | -2.92% | 6.2% | 1.07 | ||
 OCSL | 1.1B | 12.51 | 32.08 | 60.93% | 3.45% | 1.01 | ||
 FSK | 3.2B | 11.42 | 290.59 | 5.5% | 0.18% | 1.31 | ||
 BBDC | 963.3M | 9.20 | 9.48 | 19% | 8.69% | 1.23 |
Compare GSBD vs Peers
Goldman Sachs BDC, Inc. (GSBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GSBD Income Statement
Goldman Sachs BDC, Inc. (GSBD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 95.66M | 98.91M | 100.27M | 122.87M | 267.04M | 251.43M | 305.69M | 264.39M | 0 |
| NII Growth % | -0.66% | 3.4% | 1.38% | 22.54% | 117.33% | -5.85% | 21.58% | -13.51% | -100% |
| Net Interest Margin % | 7.37% | 7.08% | 6.8% | 3.71% | 7.52% | 7% | 8.68% | 7.34% | 0% |
| Interest Income | 115.26M | 125.14M | 136.59M | 162.77M | 326.03M | 330.89M | 417M | 378.11M | 322.66M |
| Interest Expense | 19.61M | 26.23M | 36.31M | 39.9M | 58.99M | 79.46M | 111.3M | 113.72M | 111.56M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | -111.3M | 0 | -111.56M |
| Non-Interest Income | -39.53M | -36.81M | -56.99M | 23.72M | -96.95M | -194.79M | 37.92M | -185.68M | 42.91M |
| Non-Interest Income % | -52.2% | -41.67% | -71.59% | 12.72% | -42.32% | -143.12% | 8.33% | -96.5% | 11.74% |
| Total Revenue | 75.73M▲ 0% | 88.34M▲ 16.6% | 79.6M▼ 9.9% | 186.49M▲ 134.3% | 229.08M▲ 22.8% | 136.1M▼ 40.6% | 454.91M▲ 234.2% | 192.43M▼ 57.7% | 365.57M▲ 90.0% |
| Revenue Growth % | 21.96% | 16.64% | -9.89% | 134.28% | 22.84% | -40.59% | 234.24% | -57.7% | 89.98% |
| Non-Interest Expense | 5.03M | 6.12M | 5.49M | -30.96M | -23.97M | -3.06M | 91.53M | 10.36M | 7.92M |
| Efficiency Ratio | 6.64% | 6.93% | 6.9% | -16.6% | -10.47% | -2.24% | 20.12% | 5.38% | 2.17% |
| Operating Income | 51.1M▲ 0% | 55.98M▲ 9.6% | 37.79M▼ 32.5% | 177.55M▲ 369.8% | 194.07M▲ 9.3% | 59.7M▼ 69.2% | 363.38M▲ 508.7% | 68.35M▼ 81.2% | 0▼ 100.0% |
| Operating Margin % | 67.47% | 63.37% | 47.48% | 95.2% | 84.72% | 43.86% | 79.88% | 35.52% | 0% |
| Operating Income Growth % | 22.57% | 9.55% | -32.49% | 369.77% | 9.3% | -69.24% | 508.74% | -81.19% | -100% |
| Pretax Income | 51.1M▲ 0% | 55.98M▲ 9.6% | 37.79M▼ 32.5% | 177.55M▲ 369.8% | 194.07M▲ 9.3% | 59.7M▼ 69.2% | 201.35M▲ 237.3% | 68.35M▼ 66.1% | 185.59M▲ 171.5% |
| Pretax Margin % | 67.47% | 63.37% | 47.48% | 95.2% | 84.72% | 43.86% | 44.26% | 35.52% | 50.77% |
| Income Tax | 1.55M | 2.3M | 1.65M | 1.43M | 1.64M | 4.69M | 5.48M | 5.48M | 4.03M |
| Effective Tax Rate % | 3.04% | 4.12% | 4.36% | 0.81% | 0.84% | 7.86% | 2.72% | 8.02% | 2.17% |
| Net Income | 49.55M▲ 0% | 53.68M▲ 8.3% | 36.15M▼ 32.7% | 176.11M▲ 387.2% | 192.43M▲ 9.3% | 55M▼ 71.4% | 195.87M▲ 256.1% | 62.87M▼ 67.9% | 181.57M▲ 188.8% |
| Net Margin % | 65.42% | 60.77% | 45.41% | 94.44% | 84% | 40.41% | 43.06% | 32.67% | 49.67% |
| Net Income Growth % | 21.88% | 8.34% | -32.66% | 387.2% | 9.26% | -71.42% | 256.12% | -67.9% | 188.81% |
| Net Income (Continuing) | 49.55M | 53.68M | 36.15M | 176.11M | 192.43M | 55M | 195.87M | 62.87M | 181.57M |
| EPS (Diluted) | 1.28▲ 0% | 1.34▲ 4.7% | 0.90▼ 32.8% | 3.26▲ 262.2% | 1.89▼ 42.0% | 0.54▼ 71.4% | 1.81▲ 235.2% | 0.55▼ 69.6% | 1.03▲ 87.3% |
| EPS Growth % | 14.29% | 4.69% | -32.84% | 262.22% | -42.02% | -71.43% | 235.19% | -69.61% | 87.27% |
| EPS (Basic) | 1.28 | 1.34 | 0.90 | 3.26 | 1.89 | 0.54 | 1.81 | 0.55 | 1.03 |
| Diluted Shares Outstanding | 38.63M | 40.18M | 40.31M | 53.94M | 101.69M | 102.26M | 108.31M | 114.67M | 115.58M |
GSBD Balance Sheet
Goldman Sachs BDC, Inc. (GSBD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 11.61M | 6.11M | 9.41M | 32.14M | 33.76M | 39.6M | 52.36M | 61.8M | 43.21M |
| Cash & Due from Banks | 11.61M | 6.11M | 9.41M | 32.14M | 33.76M | 39.6M | 52.36M | 61.8M | 43.21M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.16B | 1.25B | 1.37B | 19.81M | 100K | 0 | 0 | 0 | 3.26B |
| Investments Growth % | 7.35% | 7.45% | 9.79% | -98.56% | -99.5% | -100% | - | - | - |
| Long-Term Investments | 1.16B | 1.25B | 1.37B | 19.81M | 100K | 0 | 0 | 0 | 0 |
| Accounts Receivables | 8.3M | 6.97M | 5.7M | 24.19M | 23.28M | 31.78M | 38.53M | 28.09M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 112.13M | 131.85M | 88.37M | 3.24B | 3.49B | 3.52B | 3.43B | 3.51B | 3.31B |
| Total Current Assets | 23.62M | 15.68M | 15.2M | 56.33M | 57.04M | 71.38M | 90.9M | 89.89M | 70.14M |
| Total Non-Current Assets | 1.27B | 1.38B | 1.46B | 3.26B | 3.49B | 3.52B | 3.43B | 3.51B | 3.31B |
| Total Assets | 1.3B▲ 0% | 1.4B▲ 7.6% | 1.48B▲ 5.6% | 3.31B▲ 124.5% | 3.55B▲ 7.2% | 3.59B▲ 1.1% | 3.52B▼ 1.9% | 3.6B▲ 2.3% | 3.38B▼ 6.1% |
| Asset Growth % | 9.08% | 7.58% | 5.6% | 124.53% | 7.2% | 1.14% | -1.91% | 2.29% | -6.11% |
| Return on Assets (ROA) | 3.98% | 3.98% | 2.52% | 7.36% | 5.61% | 1.54% | 5.51% | 1.76% | 5.2% |
| Accounts Payable | 19.75M | 20.53M | 20.47M | 55.85M | 60.75M | 59.59M | 62.67M | 74.07M | 0 |
| Total Debt | 542.53M | 659.1M | 769.73M | 1.63B | 1.86B | 2.01B | 1.83B | 1.93B | 0 |
| Net Debt | 530.92M | 652.99M | 760.32M | 1.59B | 1.83B | 1.97B | 1.77B | 1.87B | -43.21M |
| Long-Term Debt | 111.28M | 149.68M | 151.32M | 1.63B | 1.86B | 2.01B | 1.83B | 1.93B | 0 |
| Short-Term Debt | 431.25M | 509.42M | 618.41M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 7.83M | 3.43M | 5.5M | 14.31M | 14.41M | 16.66M | 31.53M | 27.24M | 0 |
| Total Current Liabilities | 453.66M | 533.97M | 642.33M | 55.85M | 60.75M | 59.59M | 62.67M | 74.07M | 0 |
| Total Non-Current Liabilities | 119.1M | 153.12M | 156.82M | 1.64B | 1.88B | 2.03B | 1.86B | 1.96B | 0 |
| Total Liabilities | 572.76M | 687.08M | 799.15M | 1.7B | 1.94B | 2.09B | 1.92B | 2.03B | 1.96B |
| Total Equity | 725.83M▲ 0% | 709.89M▼ 2.2% | 676.13M▼ 4.8% | 1.62B▲ 138.9% | 1.61B▼ 0.0% | 1.5B▼ 6.9% | 1.6B▲ 6.6% | 1.57B▼ 1.8% | 1.42B▼ 9.5% |
| Equity Growth % | 9.12% | -2.2% | -4.76% | 138.88% | -0.05% | -6.94% | 6.62% | -1.82% | -9.52% |
| Equity / Assets (Capital Ratio) | 55.89% | 50.82% | 45.83% | 48.76% | 45.46% | 41.83% | 45.47% | 43.65% | 42.06% |
| Return on Equity (ROE) | 7.12% | 7.48% | 5.22% | 15.37% | 11.92% | 3.53% | 12.62% | 3.96% | 12.12% |
| Book Value per Share | 18.79 | 17.67 | 16.77 | 29.94 | 15.88 | 14.69 | 14.79 | 13.71 | 12.31 |
| Tangible BV per Share | 18.79 | 17.67 | 16.77 | 29.94 | 15.88 | 14.69 | 14.79 | 13.71 | 12.31 |
| Common Stock | 40K | 40K | 40K | 102K | 102K | 103K | 110K | 117K | 113K |
| Additional Paid-in Capital | 799.94M | 802.22M | 778.13M | 1.62B | 1.67B | 1.71B | 1.83B | 1.95B | 0 |
| Retained Earnings | -72.72M | -90.94M | -100.63M | -5.35M | -55.02M | -206.2M | -224.58M | -373.67M | 0 |
| Accumulated OCI | -1.42M | -1.42M | -1.42M | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
GSBD Cash Flow Statement
Goldman Sachs BDC, Inc. (GSBD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -49.3M | -49.24M | 86.1M | 246.21M | 149.56M | 169.2M | 186.98M | 201.06M | 325.68M |
| Operating CF Growth % | -57.24% | 0.11% | 274.85% | 185.96% | -39.25% | 13.13% | 10.51% | 7.53% | 61.98% |
| Net Income | 49.55M | 53.68M | 36.15M | 176.11M | 192.43M | 55M | 195.87M | 62.87M | 181.57M |
| Depreciation & Amortization | -44.94B | 21.63B | 0 | 0 | 0 | 0 | 0 | 0 | -86.49M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 44.84B | -21.74B | 45.67M | 82.25M | -48.7M | 120.83M | -15.35M | 122.43M | 230.61M |
| Working Capital Changes | 1.61M | 195K | 4.28M | -12.15M | 5.83M | -6.64M | 6.46M | 15.76M | 0 |
| Cash from Investing | -105.2B | -128.36B | -121.37M | -80.42M | -179.42M | -141.76M | 113.71M | -198.6M | 210.92M |
| Purchase of Investments | -635.18B | -450.08B | -700.38M | -443.16M | -1.72B | -712.71M | -394.35M | -1.02B | -938.07M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Net Investment Activity | -635.18B | -450.08B | -699.38M | -442.16M | -1.72B | -711.71M | -393.35M | -1.02B | -937.07M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 56.34M | 43.75M | 38.56M | -143.11M | 31.69M | -21.75M | -287.99M | 7.15M | -344.45M |
| Dividends Paid | -67.43M | -70.37M | -69.85M | -145.6M | -193.04M | -180M | -190.96M | -197.7M | -1.17M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52.17M |
| Stock Issued | 81.57M | -177K | -85K | 0 | 0 | 13.46M | 97.41M | 109.42M | 0 |
| Net Stock Activity | 81.57M | -177K | -85K | 0 | 0 | 13.46M | 97.41M | 109.42M | -52.17M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 0 |
| Other Financing | 80.27M | -4.05M | 0 | 0 | 0 | 0 | 0 | 0 | -343.29M |
| Net Change in Cash | 7.04M▲ 0% | -5.49M▼ 178.0% | 3.3M▲ 160.0% | 22.73M▲ 589.6% | 1.63M▼ 92.8% | 5.84M▲ 258.8% | 12.76M▲ 118.6% | 9.43M▼ 26.1% | -18.58M▼ 297.0% |
| Exchange Rate Effect | 1000K | 1K | 10K | 55K | -211K | 147K | 62K | -171K | 186K |
| Cash at Beginning | 4.57M | 11.61M | 6.11M | 9.41M | 32.14M | 33.76M | 39.6M | 52.36M | 61.8M |
| Cash at End | 11.61M | 6.11M | 9.41M | 32.14M | 33.76M | 39.6M | 52.36M | 61.8M | 43.21M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -49.3M▲ 0% | -49.24M▲ 0.1% | 86.1M▲ 274.9% | 246.21M▲ 186.0% | 149.56M▼ 39.3% | 169.2M▲ 13.1% | 186.98M▲ 10.5% | 201.06M▲ 7.5% | 325.68M▲ 62.0% |
| FCF Growth % | -57.24% | 0.11% | 274.85% | 185.96% | -39.25% | 13.13% | 10.51% | 7.53% | 61.98% |
GSBD Banking Ratios
Goldman Sachs BDC, Inc. (GSBD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 6.01% | 7.12% | 7.48% | 5.22% | 15.37% | 11.92% | 3.53% | 12.62% | 3.96% | 12.12% |
| Return on Assets (ROA) | 3.5% | 3.98% | 3.98% | 2.52% | 7.36% | 5.61% | 1.54% | 5.51% | 1.76% | 5.2% |
| Net Interest Margin | 8.09% | 7.37% | 7.08% | 6.8% | 3.71% | 7.52% | 7% | 8.68% | 7.34% | 0% |
| Efficiency Ratio | 9.84% | 6.64% | 6.93% | 6.9% | -16.6% | -10.47% | -2.24% | 20.12% | 5.38% | 2.17% |
| Equity / Assets | 55.87% | 55.89% | 50.82% | 45.83% | 48.76% | 45.46% | 41.83% | 45.47% | 43.65% | 42.06% |
| Book Value / Share | 18.31 | 18.79 | 17.67 | 16.77 | 29.94 | 15.88 | 14.69 | 14.79 | 13.71 | 12.31 |
| NII Growth | -2.73% | -0.66% | 3.4% | 1.38% | 22.54% | 117.33% | -5.85% | 21.58% | -13.51% | -100% |
| Dividend Payout | 159.58% | 136.1% | 131.1% | - | - | - | - | - | - | - |
GSBD SEC Filings & Documents
Goldman Sachs BDC, Inc. (GSBD) SEC filings — annual & quarterly reports (10-K, 10-Q)
GSBD Frequently Asked Questions
Goldman Sachs BDC, Inc. (GSBD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Goldman Sachs BDC, Inc. (GSBD) grew revenue by 90.0% over the past year. This is strong growth.
Yes, Goldman Sachs BDC, Inc. (GSBD) is profitable, generating $181.6M in net income for fiscal year 2025 (49.7% net margin).
Dividend & Returns
Goldman Sachs BDC, Inc. (GSBD) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Goldman Sachs BDC, Inc. (GSBD) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.
Industry Metrics
Goldman Sachs BDC, Inc. (GSBD) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Goldman Sachs BDC, Inc. (GSBD) has an efficiency ratio of 2.2%. This is excellent, indicating strong cost control.
Explore More GSBD
Goldman Sachs BDC, Inc. (GSBD) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates