Golub Capital Bdc (GBDC) FCF Payout Ratio (2021 - 2026)
Golub Capital Bdc's (GBDC) quarterly FCF Payout Ratio came in at 0.37 in Q2 2026, up 188.39% year-over-year from 0.13 in Q2 2025, and up 26.41% quarter-over-quarter from 0.29 in Q1 2026.
Analysis
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 0.37 for Q2 2026.
- In Q2 2026, FCF Payout Ratio rose 188.39% year-over-year to 0.37; the TTM figure through Jun 2026 stood at 0.34 (up 147.26% YoY), while the FY2025 annual figure was 3.24, down 429.63% from the prior year.
- FCF Payout Ratio came in at 0.37 for Q2 2026 at Golub Capital Bdc, up from 0.29 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.
- Average FCF Payout Ratio over 5 years is 0.31, with a median of 0.35 recorded in 2023.
- Year-over-year, FCF Payout Ratio jumped 911.27% in 2023 and plunged 227.01% in 2025.
- Over 5 years, FCF Payout Ratio stood at 0.89 in 2022, then sank by 59.11% to 0.37 in 2023, then plunged by 179.16% to 0.29 in 2024, then jumped by 237.88% to 0.4 in 2025, then decreased by 7.77% to 0.37 in 2026.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.37 in Q2 2026, 0.29 in Q1 2026, and 0.4 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 1.03 |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 0.30 |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 0.34 |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 0.77 |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | - |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 0.29 |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | 0.17 |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | 0.37 |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 0.30 |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 0.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| 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 |