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

BBDC•NYSE•Banking & Credit
$9.20
$963M mkt cap·9.5× P/E·Price updated May 6, 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%
  • Tangible BV/Share11.04-2.0%
  • Debt/Equity1.23+1.1%
Technical→

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.

BBDC Price & Volume

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

Loading chart...

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-7.59%

EPS CAGR

10 Years-3.87%
5 Years41.67%
3 Years177.28%
TTM-7.62%

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%)
Q1 2026Latest
Feb 19, 2026
EPS
$0.27
Est $0.26
+3.8%
Revenue
$68M
Est $68M
+0.5%
Q4 2025
Nov 6, 2025
EPS
$0.32
Est $0.27
+18.5%
Revenue
$72M
Est $68M
+7.0%
Q3 2025
Aug 7, 2025
EPS
$0.28
Est $0.26
+7.7%
Revenue
$46M
Est $66M
-31.0%
Q2 2025
May 8, 2025
EPS
$0.25
Est $0.28
-10.7%
Revenue
$55M
Est $68M
-19.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 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%
Q2 2025May 8, 2025
$0.25vs $0.28-10.7%
$55Mvs $68M-19.1%
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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor13.76B19.1610.3032.87%8.11%1.12
FSCO logoFSCOFS Credit Opportunities Corp.Direct Competitor1.04B5.235.51-17.44%13.47%0.32
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.47B13.319.3742.5%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor913.8M9.2112.792.2%3.23%1.65
SLRC logoSLRCSLR Investment Corp.Direct Competitor761.04M13.958.2124.76%7.31%1.15
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor866.09M11.887.52-2.92%6.2%1.07
FSK logoFSKFS KKR Capital Corp.Product Competitor3.2B11.42290.595.5%0.18%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
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income80.41M50.27M47.39M47.13M80.42M117.14M154.17M142.63M176.43M
NII Growth %5.45%-37.48%-5.74%-0.53%70.62%45.65%31.62%-7.49%23.7%
Net Interest Margin %6.57%4.31%3.78%2.81%3.72%4.32%5.76%5.29%6.69%
Interest Income109.67M74.16M73.49M66.95M113.44M174M238.88M228.14M261.5M
Interest Expense29.26M23.89M26.1M19.81M33.01M56.87M84.71M85.52M85.08M
Loan Loss Provision-29.26M-23.89M-26.1M289335-56.87M-84.71M0-20.38M
Non-Interest Income13.33M6.06M2.16M-29.97M6.37M45.13M50.32M-19.04M-12.67M
Non-Interest Income %10.84%7.56%2.86%-81.07%5.31%20.59%17.4%-9.11%-5.09%
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%
Revenue Growth %8.2%-34.78%-5.7%-51.13%224.03%82.91%31.98%-27.7%19%
Non-Interest Expense21.51M28.8M19M8.93M9.1M46M74.68M9.83M-27.82M
Efficiency Ratio17.48%35.9%25.11%24.16%7.59%20.99%25.82%4.7%-11.18%
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%
Operating Margin %82.52%64.1%74.89%22.26%64.85%79.01%74.18%54.4%85.18%
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%
Pretax Margin %-22.58%-143.62%77.37%22.26%64.85%2.78%44.84%54.4%42.52%
Income Tax871.41K-932.17K340.33K52K8K1.41M1.69M3.47M3.88M
Effective Tax Rate %-3.14%0.81%0.58%0.63%0.01%23.1%1.3%3.05%3.67%
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%
Net Margin %-23.29%-142.45%76.92%22.12%64.84%2.14%44.26%52.74%40.96%
Net Income Growth %-183.64%-298.88%150.92%-85.95%850.04%-93.97%2634.44%-13.84%-7.58%
Net Income (Continuing)-28.65M-114.28M58.19M8.18M77.69M4.68M128M110.29M101.92M
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%
EPS Growth %-165.96%-269.35%150.66%-85.34%600%-96.18%2537.36%-13.33%-6.73%
EPS (Basic)-0.62-2.291.160.171.190.051.201.040.97
Diluted Shares Outstanding46.5M49.9M50.19M48.58M65.32M102.91M107.04M105.72M105.16M

BBDC Balance Sheet

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments191.85M12.43M21.99M89M84.25M139.41M70.53M77.85M66.78M
Cash & Due from Banks191.85M12.43M21.99M89M84.25M139.41M70.53M77.85M66.78M
Short Term Investments000000000
Total Investments1.02B1.12B013.6M16.34M54.59M57.8M88.27M2.46B
Investments Growth %-2.08%10.39%-100%-20.15%234.09%5.87%52.71%2689.91%
Long-Term Investments1.02B1.12B013.6M16.34M54.59M57.8M88.27M2.46B
Accounts Receivables7.81M6.01M50.52M69.03M253.38M62.71M52.9M56.34M41.41M
Goodwill & Intangibles000000000
Goodwill000000000
Intangible Assets000000000
PP&E (Net)81.15K00000000
Other Assets5.11M251.91K1.18B1.5B1.8B2.45B2.49B2.47B9.66M
Total Current Assets201.59M45.47M73.62M160.04M340.99M203.2M126.99M134.19M164.18M
Total Non-Current Assets1.02B1.12B1.18B1.52B1.82B2.51B2.55B2.56B2.47B
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%
Asset Growth %5.47%-4.54%7.29%33.88%28.85%25.41%-1.2%0.68%-2.2%
Return on Assets (ROA)-2.4%-9.56%4.81%0.56%4.05%0.19%4.75%4.11%3.82%
Accounts Payable15.99M34.61M8.92M9.81M34.83M44.17M12.51M29.19M7.38M
Total Debt565.8M1.14B669.15M944M1.37B1.45B1.44B1.45B1.43B
Net Debt373.95M1.13B647.16M855M1.29B1.31B1.37B1.37B1.36B
Long-Term Debt565.8M570M669.15M944M1.37B1.45B1.44B1.45B1.43B
Short-Term Debt0570M0000000
Other Liabilities-1.33M-570M3.69M5.42M11.4M25.34M27.89M25.69M3.62M
Total Current Liabilities15.99M604.61M8.92M9.81M34.83M44.17M12.51M29.19M41.98M
Total Non-Current Liabilities565.8M0672.84M949.42M1.38B1.47B1.47B1.48B1.43B
Total Liabilities581.79M604.61M681.76M959.23M1.42B1.52B1.48B1.51B1.48B
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%
Equity Growth %4.93%-12.21%1.4%25.74%3.36%60.71%0.35%-0.52%-2.49%
Equity / Assets (Capital Ratio)52.43%48.22%45.57%42.8%34.33%44%44.69%44.16%44.03%
Return on Equity (ROE)-4.58%-18.98%10.26%1.27%10.64%0.48%10.72%9.24%8.67%
Book Value per Share13.7911.2811.3814.7811.3611.5911.1811.2611.04
Tangible BV per Share13.7911.2811.3814.7811.3611.5911.1811.2611.04
Common Stock47.74K51.28K48.95K65.32K65K108K106K105K104K
Additional Paid-in Capital823.61M884.89M853.77M1.03B1.03B1.86B1.85B1.85B1.86B
Retained Earnings-182.39M-321.98M-282.94M-309.97M-285.82M-663.75M-658M-656.73M-702.26M
Accumulated OCI-190.69M00000000
Treasury Stock000000000
Preferred Stock000000000

BBDC Cash Flow Statement

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations7.97M-198.29M-31.5M-218.13M-396.55M86.27M76.94M117.85M160.54M
Operating CF Growth %134.44%-2588.84%84.11%-592.38%-81.8%121.75%-10.81%53.16%36.23%
Net Income-28.65M-114.28M58.19M8.18M77.69M4.68M128M110.29M117.84M
Depreciation & Amortization65.86K27.41K-33.37B8.36B-21.92B121.87M00-47.3M
Deferred Taxes-722.17K-103.22M0000000
Other Non-Cash Items25.69M23.13M33.28B-8.58B21.46B-16.65M-53.68M-10.51M86.75M
Working Capital Changes5.56M-18.17M5.4M-1.59M-11.12M-23.63M2.63M18.07M3.25M
Cash from Investing-40.51K31.5K-75.16B-262.35B-451.63B-120.88M-21.14M4.31M36.83M
Purchase of Investments-483.74B-2.92T-1.39T-2.06T-1.76T-1.16B-614.65M-637.44M-698.05M
Sale/Maturity of Investments403.68B1.92T1.31T1.9T1.31T1.04B593.5M641.75M734.89M
Net Investment Activity-80.06B-992.36B-75.16B-165.63B-451.63B-120.88M-21.14M4.31M36.83M
Acquisitions031.5K0-96.72B00000
Other Investing80.06B992.36B0000000
Cash from Financing76.84M18.83M41.07M288.63M388.32M-31.11M-145.83M-101.35M-185.1M
Dividends Paid-77.07M-21.07M-26.93M-31.33M-53.56M-93.73M-109M-110.05M-125.25M
Share Repurchases-2.18M-51M-23.36M-7.13M0-32.1M-14.77M-6.44M-6.35M
Stock Issued132M99.84M0160.35M00000
Net Stock Activity129.82M48.84M-23.36M153.22M0-32.1M-14.77M-6.44M-6.35M
Debt Issuance (Net)1000K-1000K1000K1000K1000K1000K-1000K1000K-1000K
Other Financing-5.6M99.53M-8.29M-773.39K-7.27M-1.87M-2.4M0-6.93M
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%
Exchange Rate Effect0075.16B262.35B451.63B120.88M000
Cash at Beginning107.09M191.85M12.43M21.99M92.49M84.25M139.41M70.53M91.34M
Cash at End191.85M12.43M21.99M92.49M84.25M139.41M70.53M91.34M66.78M
Interest Paid000000000
Income Taxes Paid000000000
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%
FCF Growth %134.16%-2601.56%84.11%-592.38%-81.8%121.75%-10.81%53.16%36.23%

BBDC Banking Ratios

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

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)6.12%-4.58%-18.98%10.26%1.27%10.64%0.48%10.72%9.24%8.67%
Return on Assets (ROA)3.12%-2.4%-9.56%4.81%0.56%4.05%0.19%4.75%4.11%3.82%
Net Interest Margin6.58%6.57%4.31%3.78%2.81%3.72%4.32%5.76%5.29%6.69%
Efficiency Ratio18.55%17.48%35.9%25.11%24.16%7.59%20.99%25.82%4.7%-11.18%
Equity / Assets52.7%52.43%48.22%45.57%42.8%34.33%44%44.69%44.16%44.03%
Book Value / Share16.7913.7911.2811.3814.7811.3611.5911.1811.2611.04
NII Growth0.08%5.45%-37.48%-5.74%-0.53%70.62%45.65%31.62%-7.49%23.7%
Dividend Payout194.05%--46.27%383.09%68.94%2002.26%85.15%-122.88%

BBDC SEC Filings & Documents

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

8-K Announcements

6
Material company update

Feb 19, 2026·SEC

Material company update

Nov 17, 2025·SEC

Material company update

Nov 6, 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 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 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 $101.9M 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 12.95%. 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.

Explore More BBDC

Barings BDC, Inc. (BBDC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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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

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