Golub Capital Bdc (GBDC) Net Margin (2021 - 2026)
Golub Capital Bdc's (GBDC) quarterly Net Margin came in at 2.12% in Q2 2026, down 1089.0% year-over-year from 0.21% in Q2 2025, and up 96.3% quarter-over-quarter from 57.33% in Q1 2026.
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Golub Capital Bdc (GBDC) Net Margin (2021 - 2026) Analysis & Trends
Golub Capital Bdc has disclosed Net Margin across 6 years of filings, most recently posting 2.12% for Q2 2026.
- In Q2 2026, Net Margin fell 1089.0% year-over-year to 2.12%; the TTM figure through Jun 2026 stood at 10.88% (down 2094.0% YoY), while the FY2025 annual figure was 9.82%, up 143.0% from the prior year.
- Net Margin came in at 2.12% for Q2 2026 at Golub Capital Bdc, up from 57.33% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 55.48% in Q1 2022 to a low of 57.33% in Q1 2026.
- Average Net Margin over 5 years is 6.14%, with a median of 10.3% recorded in 2025.
- Year-over-year, Net Margin surged 5460 bps in 2023 and sank 6151 bps in 2026.
- Over 5 years, Net Margin stood at 6.51% in 2022, then soared by 419 bps to 20.78% in 2023, then plunged by 31 bps to 14.35% in 2024, then plunged by 104 bps to 0.52% in 2025, then tumbled by 311 bps to 2.12% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 2.12% in Q2 2026, 57.33% in Q1 2026, and 0.52% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | - |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | -29.16% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.12% |
| Mar 31, 2026 | -57.33% |
| Dec 31, 2025 | -0.52% |
| Sep 30, 2025 | 11.83% |
| Jun 30, 2025 | 8.77% |
| Mar 31, 2025 | 4.17% |
| Dec 31, 2024 | 14.35% |
| Sep 30, 2024 | 12.70% |
| Jun 30, 2024 | -29.81% |
| Mar 31, 2024 | 29.89% |
| Dec 31, 2023 | 20.78% |
| Sep 30, 2023 | 37.20% |
| Jun 30, 2023 | 21.60% |
| Mar 31, 2023 | 15.11% |
| Dec 31, 2022 | -6.51% |
| Sep 30, 2022 | -17.40% |
| Jun 30, 2022 | -7.73% |
| Mar 31, 2022 | 55.48% |
| Dec 31, 2021 | 52.83% |