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PSECProspect Capital Corporation
$1.41$706M
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PSEC logo

Prospect Capital Corporation

PSEC
NASDAQ · BDCs & Private Credit
$1.41
At close - Nov 6, 4:00 PM EST - USD
Market Cap$706M
P/E13.7x
52W High$3.13
Volume10.26M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Dividend Yield Masks Shrinking Earnings Base at PSEC

PSEC's reported net interest income has drifted lower from $153.2M in 2024Q4 to $106.3M in 2027Q1, roughly a 31% decline, while total assets contracted about 24% from $7.9B to $6.0B, suggesting portfolio runoff is outpacing new origination.

GrowthMixed
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PSEC 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

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-7% Peers

P/E is 7% below peer median

03

Market leadership

RS 15 · Lag

Laggard (Underperforming 85% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 4

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PSEC-31.03%
S&P 500 (^GSPC)+7.63%
1-Year Return
PSEC-25.88%
S&P 500 (^GSPC)+9.69%
3-Year Return
PSEC-41.01%
S&P 500 (^GSPC)+69.71%
5-Year Return
PSEC-47.66%
S&P 500 (^GSPC)+57.49%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
13.7x
Forward P/EExpansion
3.0x
EV/EBITDA67th %ile
13.7x
FCF YieldCash Flow
67.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.7x
15.4x
33rd· Fair
EV/EBITDA
13.7x
10.3x
67th· Fair
Price/FCF
1.5x
2.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$10.59+651.1%
Base (Fair)$9.95+397.5%
Bull$14.33+916.3%
$10.59 Bear$9.95 Base$14.33 Bull
Current Market Price: $1.41
Trades at a 85.8% discount to Base DCF ($9.95)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$510M+225.2% YoY
Net income FY26
$154M+132.7% YoY
Free cash flow FY26
$516M-1.3% YoY
Operating margin FY26
64.1%-51.4 pts YoY
ROIC (FY26)4.3%
Avg ROIC 5Y1.3%
ROE (TTM)1.3%
Piotroski Score6 / 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 Rate12/12 (100%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.15+50.8%
vs $0.10
$152M-7.0%
vs $163M
Q3 2026
Aug 20, 2026
$0.15+41.9%
vs $0.11
$156M+4.0%
vs $150M
Q2 2026
May 7, 2026
$0.16+44.3%
vs $0.11
$150M-8.1%
vs $163M
Q1 2026
Feb 9, 2026
$0.19+82.3%
vs $0.10
$176M+12.6%
vs $156M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·1d ago
Prospect Capital Q1 Earnings Call Highlights

Prospect Capital NASDAQ: PSEC reported net investment income of $76 million, or $0.15 per common share, for its fiscal first quarter ended September 30, and announced monthly common shareholder distributions of $0.035 per share for November, December and January.

Seeking Alpha·2d ago
Prospect Capital Corporation (PSEC) Q1 2027 Earnings Call Prepared Remarks Transcript

Prospect Capital Corporation ( PSEC ) Q1 2027 Earnings Call November 5, 2026 9:00 AM EST Company Participants John Barry - Chairman of the Board & CEO Kristin Van Dask - CFO, Treasurer, Secretary & Chief Compliance Officer Michael Eliasek - President, COO & Director Presentation Operator Good day, and welcome to the Prospect Capital First Quarter 2027 Earnings Release and Conference Call. [Operator Instructions].

Seeking Alpha·3d ago
Prospect Capital: A 29% Yield Paid From A Shrinking Portfolio

Prospect Capital Corporation remains a sell as NAV erosion, declining earnings, and unsustainable yield persist despite a record discount to NAV. PSEC's $200M buyback may slow, but not reverse, NAV decline due to ongoing dilution from preferred conversions and negative net originations. Net investment income fell, PIK interest income rose to 12.4% of total, and realized losses offset prior gains, signaling portfolio weakness.

GlobeNewsWire·3d ago
Prospect Capital Announces September 2026 Results and $200 Million Common Share Repurchase Program

NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2026.

Filtered for Prospect Capital CorporationMore Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Prospect Capital Corporation (PSEC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PSEC logoPSECProspect Capital CorporationCurrent
$1.41$706.42M13.66225.22%13.37%1.32%49.59%
ARCC logoARCCAres Capital Corporation
$19.13$13.74B15.74-11.83%55%6.23%9.45%
FSCO logoFSCOFS Credit Opportunities Corp.
$5.15$1.04B6.78-20.66%——15.55%
GBDC logoGBDCGolub Capital BDC, Inc.
$12.74$3.32B22.6244.68%31.97%3.82%10.87%
MAIN logoMAINMain Street Capital Corporation
$57.01$5.3B12.02-14.09%79.7%14.28%6.66%
SLRC logoSLRCSLR Investment Corp.
$11.81$644.29M11.1045.01%50.13%5.89%13.89%

Compare PSEC vs Peers

Prospect Capital Corporation (PSEC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for PSEC.

Scale Benchmark

vs BX

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

Peer Set

Compare Top 5

vs ARCC, FSCO, GBDC, MAIN

05

Keep researching

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

PSEC SEC Filings & Documents

Prospect Capital Corporation (PSEC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 5, 2026·SEC

Material company update

Nov 5, 2026·SEC

Material company update

Oct 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Aug 20, 2026·SEC

FY 2025

Aug 26, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Nov 4, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2026

Feb 9, 2026·SEC

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PSEC Frequently Asked Questions

Prospect Capital Corporation (PSEC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Prospect Capital Corporation growing?

Prospect Capital Corporation (PSEC) grew revenue by 304.8% over the trailing twelve months, compared with the twelve months before.

Is PSEC profitable?

Yes. Prospect Capital Corporation (PSEC) earned $54.1M in net income over the trailing twelve months (a 13.4% net margin).

Dividend & Returns
Does PSEC pay dividends?

Yes. Prospect Capital Corporation (PSEC) pays a dividend that yields 49.59% at the current price, a high yield.

What is PSEC's return on equity?

Prospect Capital Corporation (PSEC) had a return on equity (ROE) of 1.3% over the trailing twelve months. That is below the market's typical 10-15%.

Industry Metrics
What is Prospect Capital Corporation's net interest margin?

Prospect Capital Corporation (PSEC) has a net interest margin (NIM) of 7.9%. This indicates healthy earnings from lending activities.

What is Prospect Capital Corporation's efficiency ratio?

Prospect Capital Corporation (PSEC) has an efficiency ratio of 35.9%. This is excellent, indicating strong cost control.

What if you invested $1,000 in PSEC back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →