Golub Capital Bdc (GBDC) FCF Payout Ratio (2021 - 2026)

Golub Capital Bdc's (GBDC) quarterly FCF Payout Ratio came in at 0.29 in Q1 2026, down 36.39% year-on-year from 0.46 in Q1 2025, and down 27.03% quarter-over-quarter from 0.4 in Q4 2025.

Golub Capital Bdc (GBDC) FCF Payout Ratio (2021 - 2026) Analysis & Trends

Golub Capital Bdc has disclosed FCF Payout Ratio across 6 years of filings, most recently posting 0.29 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.29, down 36.39% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.62 (up 122.38% YoY), and the FY2025 annual result was 3.24, down 429.63% from the prior year.
  • FCF Payout Ratio came in at 0.29 for Q1 2026 at Golub Capital Bdc, down from 0.4 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 1.46 in Q1 2023 to a low of 0.69 in Q3 2024.
  • The 5-year median for FCF Payout Ratio is 0.33 (2025), against an average of 0.31.
  • Across the five-year window, FCF Payout Ratio soared 911.27% in 2023 and sank 227.01% in 2025, its largest moves.
  • Golub Capital Bdc's FCF Payout Ratio stood at 0.89 in 2022, then tumbled by 59.11% to 0.37 in 2023, then slumped by 179.16% to 0.29 in 2024, then jumped by 237.88% to 0.4 in 2025, then declined by 27.03% to 0.29 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.29 (Q1 2026), 0.4 (Q4 2025), and 0.33 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - 0.37
3 Kkr 86.45 Bn 133.96 Bn - 0.10
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 0.18
5 State Street 46.95 Bn 21.27 Bn - -0.02
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.34
7 Northern Trust 31.92 Bn 31.92 Bn - -0.45
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.10
9 Ares Management 29.04 Bn 32.41 Bn - 0.21
10 Golub Capital Bdc 3.26 Bn 3.23 Bn - 0.29

Historic Data

Download Data
DateValue
Mar 31, 2026 0.29
Dec 31, 2025 0.40
Sep 30, 2025 0.33
Jun 30, 2025 -0.42
Mar 31, 2025 0.46
Dec 31, 2024 -0.29
Sep 30, 2024 -0.69
Jun 30, 2024 0.33
Mar 31, 2024 0.43
Dec 31, 2023 0.37
Sep 30, 2023 0.88
Jun 30, 2023 0.92
Mar 31, 2023 1.46
Dec 31, 2022 0.89
Sep 30, 2022 0.25
Jun 30, 2022 -0.21
Mar 31, 2022 -0.18
Dec 31, 2021 -0.21