Golub Capital BDC's post-merger integration has created significant earnings volatility, with net income swinging from -$46.8M in 2026Q2 to $31.9M in 2026Q3, while net interest margin turned negative at -0.7% in 2026Q3.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 3, 2026 | $0.34+2.0% vs $0.33 | $188M-1.1% vs $190M |
Q2 2026 May 4, 2026 | $0.34-5.6% vs $0.36 | $188M-6.7% vs $202M |
Q1 2026 Feb 4, 2026 | $0.38+0.0% vs $0.38 | $207M-1.3% vs $210M |
Q4 2025 Nov 18, 2025 | $0.39-0.3% vs $0.39 | $184M-16.8% vs $222M |
A six-figure monthly paycheck from dividends sounds straightforward until you see how three very different buckets fight each other, and which one quietly carries most of the risk.
Every so often, the market hands investors high-yielding opportunities on a platter after throwing out the baby with the bathwater. I detail why I think there are certain BDCs that this applies to right now. I discuss the specifics of what I am looking for as well as some of my top picks of the moment.
A Roth IRA turns every dollar of yield into spendable income with no federal tax, but the portfolio size you actually need at 60 depends on which yield tier you trust with your retirement, and the tradeoffs between them are sharper than most investors expect.
Golub Capital Corp (GBDC) maintains a conservative underwriting approach, funding only 1.5% of reviewed deals with a portfolio dominated by first lien senior debt. Non-accruals have risen from 1.2% to 2.9% at cost over the past year, but most unrealized losses are expected to reverse, limiting near-term NAV pressure. GBDC's net investment spread has tightened due to increased competition, but a slowdown in private credit inflows may help stabilize or widen spreads going forward.
Benchmark GBDC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Golub Capital BDC, Inc. (GBDC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $12.74 | $3.32B | 22.62 | 44.68% | 31.97% | 3.82% | 10.87% | |
| $19.13 | $13.74B | 15.74 | -11.83% | 55% | 6.23% | 9.45% | |
| $5.15 | $1.04B | 6.78 | -20.66% | — | — | 15.55% | |
| $4.37 | $177.42M | 8.17 | 55.25% | 58.87% | 6.24% | 23.45% | |
| $11.17 | $776.28M | 11.06 | 10.5% | 9.46% | 1.18% | 13.49% | |
| $12.50 | $1.1B | 26.07 | 420.21% | 20.88% | 2.98% | 13.77% |
Golub Capital BDC, Inc. (GBDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Golub Capital BDC, Inc. (GBDC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 11, 2026·SEC
Aug 3, 2026·SEC
Aug 3, 2026·SEC
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Golub Capital BDC, Inc. (GBDC) stock FAQ — growth, dividends, profitability & financials explained
Golub Capital BDC, Inc. (GBDC) revenue fell by 15.9% over the trailing twelve months, compared with the twelve months before.
Yes. Golub Capital BDC, Inc. (GBDC) earned $146.7M in net income over the trailing twelve months (a 32.0% net margin).
Yes. Golub Capital BDC, Inc. (GBDC) pays a dividend that yields 10.87% at the current price, a high yield.
Golub Capital BDC, Inc. (GBDC) had a return on equity (ROE) of 3.8% over the trailing twelve months. That is below the market's typical 10-15%.
Golub Capital BDC, Inc. (GBDC) has a net interest margin (NIM) of 6.2%. This indicates healthy earnings from lending activities.
Golub Capital BDC, Inc. (GBDC) has an efficiency ratio of 3.8%. This is excellent, indicating strong cost control.
