Blue Owl Capital Corporation (OBDC) Financial Ratios
10 years of historical data (2016–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
11.85
↓-36% vs avg
5yr avg: 18.45
30Y Low12.6·High25.1
P/FCF
↓
3.10
↓-80% vs avg
5yr avg: 15.59
30Y Low3.6·High36.8
P/B Ratio
↓
0.74
↓-17% vs avg
5yr avg: 0.90
30Y Low0.8·High1.0
ROE
↓
9.4%
-8% vs avg
5yr avg: 10.3%
30Y Low2%·High13%
Debt/EBITDA
↓
7.50
↓-32% vs avg
5yr avg: 10.98
30Y Low6.1·High29.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OBDC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Blue Owl Capital Corporation trades at 8.8x earnings, roughly in line with its 5-year average of 9.2x, sitting at the 14th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 35%. On a free-cash-flow basis, the stock trades at 3.1x P/FCF, 80% below the 5-year average of 15.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.4B | $6.3B | $5.9B | $5.8B | $4.6B | $5.6B | $4.9B | $5.8B | — | — | — |
| Enterprise Value | $14.7B | $15.6B | $12.9B | $12.3B | $11.5B | $12.2B | $9.9B | $8.5B | — | — | — |
| P/E Ratio → | 8.77 | 10.02 | 9.88 | 7.27 | 9.79 | 8.91 | 12.66 | 11.69 | — | — | — |
| P/S Ratio | 3.22 | 3.75 | 5.36 | 4.52 | 5.63 | 6.30 | 11.21 | 9.98 | — | — | — |
| P/B Ratio | 0.74 | 0.85 | 0.99 | 0.96 | 0.77 | 0.94 | 0.86 | 0.97 | — | — | — |
| P/FCF | 3.10 | 3.61 | 36.81 | 11.19 | 10.74 | — | — | 13.25 | — | — | — |
| P/OCF | 3.10 | 3.61 | 36.81 | 11.19 | 10.74 | — | — | 13.25 | — | — | — |
P/E links to full P/E history page with 30-year chart
OBDC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Blue Owl Capital Corporation's enterprise value stands at 11.8x EBITDA, 36% below its 5-year average of 18.4x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.28 | 11.74 | 9.62 | 14.20 | 13.84 | 22.47 | 14.67 | — | — | — |
| EV / EBITDA | 11.85 | 12.56 | 21.28 | 15.13 | 24.12 | 19.15 | 25.07 | 17.07 | — | — | — |
| EV / EBIT | 11.95 | 12.56 | 21.28 | 15.13 | 24.12 | 19.15 | 25.07 | 17.07 | — | — | — |
| EV / FCF | — | 8.95 | 80.67 | 23.84 | 27.10 | — | — | 19.48 | — | — | — |
OBDC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Blue Owl Capital Corporation earns an operating margin of 73.2%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 63.6% to 73.2% over the past 3 years, signaling improving operational efficiency. ROE of 9.4% is modest. ROIC of 6.1% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.3% | 75.3% | 60.5% | 67.8% | 66.2% | 78.2% | 68.9% | 78.5% | 75.7% | 84.2% | 91.4% |
| Operating Margin | 73.2% | 73.2% | 55.2% | 63.6% | 58.9% | 72.3% | 89.6% | 85.9% | 69.3% | 74.9% | 62.5% |
| Net Profit Margin | 37.4% | 37.4% | 54.1% | 62.2% | 57.7% | 70.8% | 88.3% | 85.6% | 68.9% | 74.8% | 61.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 9.4% | 9.9% | 13.3% | 7.9% | 10.7% | 6.6% | 10.8% | 8.5% | 9.6% | 2.4% |
| ROA | 4.0% | 4.0% | 4.3% | 5.9% | 3.5% | 5.1% | 3.8% | 6.6% | 4.8% | 5.7% | 1.4% |
| ROIC | 6.1% | 6.1% | 3.4% | 4.6% | 2.7% | 4.0% | 2.9% | 5.1% | 3.7% | 4.4% | 1.1% |
| ROCE | 7.9% | 7.9% | 4.5% | 6.0% | 3.6% | 5.2% | 3.9% | 6.7% | 4.9% | 5.8% | — |
OBDC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Blue Owl Capital Corporation carries a Debt/EBITDA ratio of 7.5x, which is highly leveraged (76% above the sector average of 4.3x). Net debt stands at $9.3B ($9.3B total debt minus $10M cash). Interest coverage of just 2.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.26 | 1.26 | 1.25 | 1.18 | 1.24 | 1.19 | 0.92 | 0.51 | 0.79 | 0.62 | 0.72 |
| Debt / EBITDA | 7.50 | 7.50 | 12.28 | 8.73 | 15.29 | 11.10 | 13.45 | 6.08 | 12.63 | 8.85 | 28.95 |
| Net Debt / Equity | — | 1.26 | 1.18 | 1.08 | 1.18 | 1.12 | 0.86 | 0.46 | 0.75 | 0.61 | 0.42 |
| Net Debt / EBITDA | 7.49 | 7.49 | 11.57 | 8.02 | 14.56 | 10.44 | 12.57 | 5.46 | 12.03 | 8.68 | 16.63 |
| Debt / FCF | — | 5.33 | 43.85 | 12.65 | 16.36 | — | — | 6.23 | — | — | — |
| Interest Coverage | 2.08 | 2.08 | 1.40 | 1.97 | 1.74 | 3.31 | 2.88 | 3.99 | 2.85 | 4.73 | 7.25 |
OBDC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 5.21x to 4.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 4.08 | 5.21 | 3.69 | 4.38 | 2.98 | 2.89 | 1.97 | 1.52 | — |
| Quick Ratio | — | — | 4.08 | 5.21 | 3.69 | 4.38 | 2.98 | 2.89 | 1.97 | 1.52 | — |
| Cash Ratio | — | — | 2.99 | 4.20 | 2.69 | 3.49 | 2.30 | 2.26 | 1.49 | 0.52 | — |
| Asset Turnover | — | 0.10 | 0.08 | 0.09 | 0.06 | 0.07 | 0.04 | 0.06 | 0.05 | 0.06 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
OBDC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Blue Owl Capital Corporation returns 16.4% to shareholders annually — split between a 13.7% dividend yield and 2.7% buyback yield. The payout ratio exceeds 100% at 119.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 11.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 119.9% | 119.9% | 110.2% | 77.3% | 104.7% | 69.3% | 94.9% | 44.4% | 44.5% | 27.1% | 9.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.4% | 10.0% | 10.1% | 13.8% | 10.2% | 11.2% | 7.9% | 8.6% | — | — | — |
| FCF Yield | 32.3% | 27.7% | 2.7% | 8.9% | 9.3% | — | — | 7.5% | — | — | — |
| Buyback Yield | 2.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 16.4% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $506M | $390M | $390M | $394M | $392M | $389M | $325M | $136M | $259M | $285M |
Peer Comparison
Compare OBDC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OBDCYou | $5B | 8.8 | 11.8 | 3.1 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 FSK | $3B | 261.3 | 13.6 | 4.9 | 69.6% | 49.5% | 0.2% | 3.2% | 10.1 |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 MFIC | $916M | 14.6 | 14.8 | 9.0 | 83.4% | 71.6% | 4.7% | 4.6% | 10.5 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CGBD | $761M | 10.8 | 12.8 | — | 70.9% | 86.2% | 6.8% | 5.6% | 8.7 |
 PSEC | $1B | -1.6 | — | 2.1 | 147.0% | 169.8% | -14.0% | -6.3% | — |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 PFLT | $742M | 10.4 | 35.5 | 7.8 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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OBDC — Frequently Asked Questions
Quick answers to the most common questions about buying OBDC stock.
What is Blue Owl Capital Corporation's P/E ratio?
Blue Owl Capital Corporation's current P/E ratio is 8.8x. The historical average is 10.0x. This places it at the 14th percentile of its historical range.
What is Blue Owl Capital Corporation's EV/EBITDA?
Blue Owl Capital Corporation's current EV/EBITDA is 11.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.2x.
What is Blue Owl Capital Corporation's ROE?
Blue Owl Capital Corporation's return on equity (ROE) is 9.4%. The historical average is 8.9%.
Is OBDC stock overvalued?
Based on historical data, Blue Owl Capital Corporation is trading at a P/E of 8.8x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Blue Owl Capital Corporation's dividend yield?
Blue Owl Capital Corporation's current dividend yield is 13.68% with a payout ratio of 119.9%.
What are Blue Owl Capital Corporation's profit margins?
Blue Owl Capital Corporation has 75.3% gross margin and 73.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Blue Owl Capital Corporation have?
Blue Owl Capital Corporation's Debt/EBITDA ratio is 7.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.