Saratoga Investment (SAJ) FCF Payout Ratio (2021 - 2026)
Saratoga Investment's (SAJ) quarterly FCF Payout Ratio came in at 0.42 in Q2 2026, down 180.56% year-over-year from 0.52 in Q2 2025, and down 167.18% quarter-over-quarter from 0.16 in Q1 2026.
Analysis
Saratoga Investment (SAJ) FCF Payout Ratio (2021 - 2026) Analysis & Trends
Saratoga Investment has disclosed FCF Payout Ratio across 6 years of filings, most recently posting 0.42 for Q2 2026.
- In Q2 2026, FCF Payout Ratio fell 180.56% year-over-year to 0.42; the TTM figure through May 2026 stood at 0.32 (down 188.97% YoY), while the FY2026 annual figure was 0.59, down 388.33% from the prior year.
- FCF Payout Ratio came in at 0.42 for Q2 2026 at Saratoga Investment, down from 0.16 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 0.52 in Q2 2025 to a low of 1.26 in Q4 2025.
- Average FCF Payout Ratio over 5 years is 0.26, with a median of 0.16 recorded in 2026.
- The largest YoY upside for FCF Payout Ratio was 672.49% in 2023 against a maximum downside of 1124.62% in 2023.
- Over 5 years, FCF Payout Ratio stood at 0.24 in 2022, then slumped by 93.18% to 0.45 in 2023, then surged by 128.21% to 0.13 in 2024, then plunged by 1079.27% to 1.26 in 2025, then surged by 66.87% to 0.42 in 2026.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.42 in Q2 2026, 0.16 in Q1 2026, and 1.26 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 1.03 |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 0.30 |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 0.34 |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 0.77 |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | - |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 0.29 |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | 0.17 |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 0.37 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 0.30 |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -0.42 |
| Feb 28, 2026 | -0.16 |
| Nov 30, 2025 | -1.26 |
| Aug 31, 2025 | -0.54 |
| May 31, 2025 | 0.52 |
| Feb 28, 2025 | -0.69 |
| Aug 31, 2024 | 0.13 |
| May 31, 2024 | 0.17 |
| Feb 29, 2024 | -0.43 |
| Nov 30, 2023 | -0.45 |
| Aug 31, 2023 | -1.07 |
| May 31, 2023 | -0.06 |
| Feb 28, 2023 | 0.21 |
| Nov 30, 2022 | -0.24 |
| Aug 31, 2022 | -0.09 |
| May 31, 2022 | -0.07 |
| Feb 28, 2022 | -0.04 |
| Nov 30, 2021 | 0.32 |