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GSBD logoGoldman Sachs BDC, Inc. (GSBD) Earnings History

Annual and quarterly earnings data from 2012 to 2025

TTM Net Income
$112M
Profitable
TTM EPS
$1.00
Diluted
YoY EPS Growth
+87.3%
Excellent
Net Margin
49.2%
Profitability
Operating Margin98.4%
Gross Margin75.4%
ROE8.0%
ROA3.4%
Highest Annual Net Income$196M (2023)
Highest Quarterly EPS$3.20 (Q4 2020)
Consecutive Profitable Years14 years
Q1 2026
Net Income$25M
EPS$-0.12
QoQ Growth+4.5%Solid

Loading earnings history...

GSBD EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
+87.3%
Excellent
3-Year
+24.0%
Excellent
5-Year
-20.6%
Declining
10-Year
-2.6%
Slow

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

GSBD Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202575.4%98.4%49.2%
202440.9%35.5%32.7%
2023100.0%79.9%43.1%
202241.6%43.9%40.4%
202174.3%84.7%84.0%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Goldman Sachs BDC, Inc. (GSBD) Earnings Overview

As of May 8, 2026, Goldman Sachs BDC, Inc. (GSBD) reported trailing twelve-month net income of $112M, reflecting +87.3% year-over-year growth. The company earned $1.00 per diluted share over the past four quarters, with a net profit margin of 49.2%.

Looking at the long-term picture, GSBD's 5-year EPS compound annual growth rate (CAGR) stands at -20.6%, signaling declining earnings. The company achieved its highest annual net income of $196M in fiscal 2023.

Goldman Sachs BDC, Inc. maintains industry-leading profitability with a gross margin of 75.4%, operating margin of 98.4%, and net margin of 49.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →

Compared to peers including ARCC ($1.15B net income, 41.3% margin), FSCO (N/A net income, 74.2% margin), GBDC ($205M net income, 43.2% margin), GSBD has outperformed on profitability metrics. Compare GSBD vs ARCC →

GSBD Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
GSBD logoGSBDCurrent
$112M$1.0049.2%8.0%+87.3%—
ARCC logoARCC
$1.1B$1.6041.3%9.4%-23.8%
FSCO logoFSCO
--74.2%13.5%-22.8%
GBDC logoGBDC
$205M$0.7843.2%9.4%+4.4%
TPVG logoTPVG
-$12M$-0.1050.6%14.1%+48.8%
CGBD logoCGBD
$74M$1.0153.0%9.8%-3.7%
Best in group
Lowest in group

GSBD Historical Earnings Data (2012–2025)

14 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$119M+89.7%$238M$1.0349.2%98.4%
2024$63M-67.9%$68M$0.5532.7%35.5%
2023$196M+256.1%$363M$1.8143.1%79.9%
2022$55M-71.4%$60M$0.5440.4%43.9%
2021$192M+9.3%$194M$1.8984.0%84.7%
2020$176M+387.2%$178M$3.2694.4%95.2%
2019$36M-32.7%$38M$0.9045.4%47.5%
2018$54M+8.3%$56M$1.3460.8%63.4%
2017$50M+21.9%$51M$1.2865.4%67.5%
2016$41M-12.8%$42M$1.1265.5%67.1%

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Compare GSBD vs BRK-A

Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..

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GSBD — Frequently Asked Questions

Quick answers to the most common questions about buying GSBD stock.

Is GSBD growing earnings?

GSBD EPS is $1.00, with earnings growth accelerating to +87.3%. This exceeds the 5-year CAGR of -20.6%. TTM net income reached $112M.

What are GSBD's profit margins?

Goldman Sachs BDC, Inc. net margin is +49.2%, with operating margin at +98.4%. Above-average margins indicate pricing power.

How consistent are GSBD's earnings?

GSBD earnings data spans 2012-2025. The accelerating earnings trend is +87.3% YoY. Historical data enables comparison across business cycles.

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GSBD Earnings Over Time (2014–2025)

Net income and EPS trends