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FSKFS KKR Capital Corp.
$11.17$3.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
FSK logo

FS KKR Capital Corp.

FSK
NYSE · Asset Management
$11.17
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$3.13B
P/E284.2x
52W High$16.31
Volume1.46M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Portfolio Rebalancing Masks Structural Earnings and Liquidity Stress

FSK is undergoing a significant portfolio rebalancing, evidenced by a 21% contraction in total assets from $15.2B to $12.0B, which appears to be masking underlying credit deterioration and earnings instability. The resumption of loan loss provisions after a fi...

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FSK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+2748% Peers

P/E is 2748% above peer median

03

Market leadership

RS 51 · Avg

Average momentum (RS Rating: 51)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FSK-16.21%
S&P 500 (^GSPC)+12.39%
1-Year Return
FSK-12.69%
S&P 500 (^GSPC)+15.77%
3-Year Return
FSK-5.15%
S&P 500 (^GSPC)+75.42%
5-Year Return
FSK+9.30%
S&P 500 (^GSPC)+71.22%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
284.2x
Forward P/EExpansion
6.9x
EV/EBITDA20th %ile
14.0x
FCF YieldCash Flow
18.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
284.2x
10.4x
80th· High
EV/EBITDA
14.0x
18.8x
20th· Low
Price/FCF
5.3x
7.0x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$3.21-71.3%
Base (Fair)$6.15-45.5%
Bull$4.56-59.2%
$3.21 Bear$6.15 Base$4.56 Bull
Current Market Price: $11.17
Trades at a 81.6% premium to Base DCF ($6.15)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$707M+6.5% YoY
Net income
$11M-98.1% YoY
Free cash flow
$592M-68.9% YoY
Operating margin
82%-9.5 pts YoY
ROIC (TTM)3.2%
Avg ROIC 5Y-
ROE (TTM)0.2%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$0.43+3.0%
vs $0.42
$290M+1.1%
vs $287M
Q2 2026
May 11, 2026
$0.41-6.8%
vs $0.44
$304M-4.0%
vs $317M
Q1 2026
Feb 25, 2026
$0.52-5.5%
vs $0.55
$348M-3.8%
vs $362M
Q4 2025
Nov 5, 2025
$0.57+0.0%
vs $0.57
$344M-4.9%
vs $362M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·3d ago
FS KKR Capital Corp. (NYSE:FSK) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of FS KKR Capital Corp. (NYSE: FSK - Get Free Report) have been given an average rating of "Reduce" by the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12

Seeking Alpha·Sep 9, 2026
FS KKR Capital: One Of The Steepest Discounts In The Sector, Still Not A Buy

FSK KKR Capital Corp. trades at a 33% discount to NAV but faces persistent credit quality issues and NAV erosion. Despite recent outperformance and a double-digit yield, FSK's high non-accruals and declining investment income raise concerns about dividend sustainability. Management's incentive fee waiver and continued high non-accruals signal elevated risk of another dividend cut in the near term.

Seeking Alpha·Sep 8, 2026
FS KKR Capital's Latest Numbers Didn't Convince Me

FSK remains a hold, despite a recent 14% price jump post-Q2 2026 earnings. FSK's NAV dropped over $0.50 per share in one quarter, driven by realized and unrealized portfolio losses. Dividend coverage is narrow and currently aided by a temporary incentive fee waiver, which expires after three more quarters.

Defense World·Aug 27, 2026
FS KKR Capital Corp. (NYSE:FSK) Given Average Recommendation of “Reduce” by Brokerages

Shares of FS KKR Capital Corp. (NYSE: FSK - Get Free Report) have been given an average rating of "Reduce" by the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average

Filtered for FS KKR Capital Corp.More Headlines
04

Compare before deciding

Benchmark FSK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for FS KKR Capital Corp. (FSK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FSK logoFSKFS KKR Capital Corp.Current
$11.17$3.13B284.226.48%1.56%0.18%25.06%
ARCC logoARCCAres Capital Corporation
$19.15$13.75B10.30-11.83%45.18%6.78%—
GBDC logoGBDCGolub Capital BDC, Inc.
$12.45$3.24B8.7744.68%20.51%3.82%—
OBDC logoOBDCBlue Owl Capital Corporation
$10.95$5.43B8.8362.44%20.43%3.95%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.92$199.75M4.0355.25%45.97%10.97%—
PSEC logoPSECProspect Capital Corporation
$2.17$1.09B-1.61-226.81%30.16%4.09%—

Compare FSK vs Peers

FS KKR Capital Corp. (FSK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for FSK.

Scale Benchmark

vs BX

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

Peer Set

Compare Top 5

vs ARCC, GBDC, OBDC, TPVG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FSK SEC Filings & Documents

FS KKR Capital Corp. (FSK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 20, 2026·SEC

Material company update

Aug 13, 2026·SEC

Material company update

Aug 6, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 25, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 6, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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FSK Frequently Asked Questions

FS KKR Capital Corp. (FSK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is FS KKR Capital Corp. growing?

FS KKR Capital Corp. (FSK) grew revenue by 6.5% over the past year. This is steady growth.

Is FSK profitable?

FS KKR Capital Corp. (FSK) reported a net loss of $375.0M for fiscal year 2025.

Dividend & Returns
Does FSK pay dividends?

Yes, FS KKR Capital Corp. (FSK) pays a dividend with a yield of 25.06%. This makes it attractive for income-focused investors.

What is FSK's return on equity?

FS KKR Capital Corp. (FSK) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

Industry Metrics
What is FS KKR Capital Corp.'s net interest margin?

FS KKR Capital Corp. (FSK) has a net interest margin (NIM) of 7.4%. This indicates healthy earnings from lending activities.

What is FS KKR Capital Corp.'s efficiency ratio?

FS KKR Capital Corp. (FSK) has an efficiency ratio of 33.2%. This is excellent, indicating strong cost control.

What if you invested $1,000 in FSK back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →