Barings BDC reported a net margin of -2.45% for the quarter ended Jun 2026. These financial ratios cover 20 quarters of results from Sep 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||
| EBT Margin | 18.10% | 5.04% | 21.43% | -65.24% | -10.10% | -28.67% | 30.66% | 25.94% | -4.74% | 10.80% | 33.19% | -1.36% | 0.69% | 7.93% | 19.83% | -1.09% | 4.67% | 7.91% | 2.41% | -0.14% |
| EBIT Margin | 42.54% | 41.45% | 43.46% | 57.16% | 49.57% | 59.18% | 41.21% | 44.92% | 47.60% | 45.58% | 42.41% | 56.70% | 44.06% | 44.43% | 41.58% | 41.15% | 48.27% | 43.05% | 43.42% | 46.71% |
| EBITDA Margin | 42.54% | 41.45% | 43.46% | 57.16% | 49.57% | 59.18% | 41.21% | 44.92% | 47.60% | 45.58% | 42.41% | 56.70% | 44.06% | 44.43% | 41.58% | 41.15% | 48.27% | 43.05% | 43.42% | 46.71% |
| Operating Margin | 42.54% | 41.45% | 43.46% | 57.16% | 49.57% | 59.18% | 41.21% | 44.92% | 47.60% | 45.58% | 42.41% | 56.70% | 44.06% | 44.43% | 41.58% | 41.15% | 48.27% | 43.05% | 43.42% | 46.71% |
| Net Margin | 18.03% | 5.04% | 21.42% | -65.24% | -10.10% | -29.62% | 30.37% | 25.68% | -5.32% | 9.65% | 32.83% | -1.78% | -0.77% | 5.28% | 19.21% | -2.17% | 2.82% | 6.10% | 1.75% | -2.45% |
| FCF Margin | -766.78% | -43.04% | 11.08% | 217.30% | -36.89% | -136.93% | 86.09% | -49.21% | 183.26% | 7.01% | 184.70% | 34.04% | -63.94% | -12.03% | -70.85% | 22.76% | 300.91% | 112.21% | 24.20% | |
| Efficiency | ||||||||||||||||||||
| Assets AverageAssets Avg. | 2,678.47M | 2,718.44M | 2,728.67M | 2,736.06M | 2,709.58M | 2,688.07M | 2,651.16M | 2,604.36M | 2,650.37M | 2,743.48M | 2,792.31M | 2,807.60M | 2,729.14M | 2,618.25M | 2,592.16M | |||||
| Invested CapitalInvested Cap. | 1,459.49M | 1,946.65M | 1,921.47M | 1,974.11M | 1,979.68M | 1,994.35M | 1,917.14M | 2,222.69M | 2,210.96M | 2,215.49M | 2,202.18M | 2,207.08M | 2,196.90M | 2,432.34M | 2,364.00M | 2,275.18M | 2,263.38M | |||
| Asset Utilization RatioAsset Util. | 0.08 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | |||||
| Leverage & Solvency | ||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 1.84 | 1.58 | 1.63 | 2.41 | 1.82 | 2.25 | 1.43 | 1.63 | 1.54 | 1.52 | 1.40 | 2.04 | 1.38 | 1.49 | 1.33 | 1.38 | 1.63 | 1.38 | 1.39 | 1.53 |
| Debt Ratio | 0.33 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.27 | 0.37 | 0.39 | 0.39 | 0.38 | 0.36 | 0.37 | 0.45 | 0.46 | 0.43 | 0.43 | |||
| Times Interest Earned | 1.84 | 1.58 | 1.63 | 2.41 | 1.82 | 2.25 | 1.43 | 1.63 | 1.54 | 1.52 | 1.40 | 2.04 | 1.38 | 1.49 | 1.33 | 1.38 | 1.63 | 1.38 | 1.39 | 1.53 |
| Dividends & Payouts | ||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 0.13 | 0.62 | -1.37 | -0.22 | -0.72 | 0.76 | 0.73 | -0.14 | 0.26 | 0.83 | -0.05 | -0.02 | 0.14 | 0.38 | -0.10 | 0.07 | 0.15 | 0.04 | -0.05 | |
| FCF Payout RatioFCF Cover | -0.05 | -0.80 | 4.30 | 0.21 | -1.11 | -0.29 | 0.41 | -0.79 | 0.20 | 5.64 | 0.20 | 1.14 | -0.61 | -4.22 | -0.30 | 1.66 | 0.13 | 0.40 | 1.99 | |
| Dividend YieldDiv. Yield | 2.00% | 1.76% | 2.59% | 2.91% | 2.96% | 3.15% | 3.19% | 2.92% | 3.04% | 2.80% | 2.68% | 2.66% | 2.72% | 3.25% | 1.63% | 2.97% | 2.84% | 3.16% | 3.52% | |
| Payout Ratio | 7.78 | 1.60 | -0.73 | -4.61 | -1.38 | 1.32 | 1.38 | -7.35 | 3.78 | 1.20 | -20.64 | -50.64 | 7.36 | 2.64 | -9.71 | 13.39 | 6.59 | 25.75 | -19.65 | |
| Valuation | ||||||||||||||||||||
| Price to EarningsP/E | 114.12 | 389.92 | 91.20 | -28.18 | -158.31 | -46.78 | 41.99 | 43.19 | -251.74 | 124.39 | 42.99 | -771.38 | -0.00M | 270.37 | 81.11 | -594.40 | 451.12 | 231.84 | 815.27 | -558.26 |
| Price to SalesP/S | 20.57 | 19.66 | 19.53 | 18.39 | 15.99 | 13.86 | 12.75 | 11.09 | 13.40 | 12.00 | 14.12 | 13.74 | 14.60 | 14.28 | 15.58 | 12.92 | 12.72 | 14.14 | 14.23 | 13.68 |
| Price to BookP/B | 0.97 | 0.97 | 0.65 | 0.82 | 0.73 | 0.74 | 0.71 | 0.69 | 0.79 | 0.76 | 0.81 | 0.86 | 0.87 | 0.85 | 0.84 | 0.82 | 0.79 | 0.83 | 0.75 | 0.78 |
| Enterprise Value | 719.78M | 669.80M | 854.67M | 1,022.11M | 803.80M | 783.36M | 810.03M | 771.68M | 915.94M | 852.87M | 936.57M | 962.93M | 985.60M | 934.38M | 916.57M | 921.19M | 849.86M | 909.32M | 791.91M | 840.70M |
| EV to EBIT | 48.36 | 44.15 | 44.95 | 32.17 | 28.80 | 20.85 | 29.25 | 22.81 | 27.16 | 24.67 | 31.64 | 22.68 | 31.57 | 29.77 | 34.21 | 30.09 | 24.32 | 31.08 | 30.11 | 27.60 |
| EV to EBITDA | 48.36 | 44.15 | 44.95 | 32.17 | 28.80 | 20.85 | 29.25 | 22.81 | 27.16 | 24.67 | 31.64 | 22.68 | 31.57 | 29.77 | 34.21 | 30.09 | 24.32 | 31.08 | 30.11 | 27.60 |
| Market Capitalization | 719.78M | 719.78M | 854.67M | 1,022.11M | 900.46M | 879.52M | 856.85M | 835.09M | 949.06M | 910.06M | 985.35M | 1,029.03M | 1,034.48M | 1,008.76M | 1,004.17M | 961.15M | 921.19M | 961.21M | 861.74M | 892.10M |
| Price to FCFP/FCF | -2.56 | -45.38 | 165.87 | 7.36 | -37.56 | -9.31 | 12.88 | -27.22 | 6.55 | 201.46 | 7.44 | 42.90 | -22.34 | -129.54 | -18.23 | 55.91 | 4.70 | 12.68 | 56.54 | |
| EV to FCF | -2.39 | -45.38 | 165.87 | 6.57 | -33.46 | -8.80 | 11.90 | -26.27 | 6.14 | 191.49 | 6.96 | 40.87 | -20.69 | -118.24 | -17.48 | 51.58 | 4.45 | 11.65 | 53.29 | |
| EV to CFO | -2.39 | -45.38 | 165.87 | 6.57 | -33.46 | -8.80 | 11.90 | -26.27 | 6.14 | 191.49 | 6.96 | 40.87 | -20.69 | -118.24 | -17.48 | 51.58 | 4.45 | 11.65 | 53.29 | |
| Return Ratios | ||||||||||||||||||||
| Return on Sales [ROS]ROS | 42.54% | 41.45% | 43.46% | 57.16% | 49.57% | 59.18% | 41.21% | 44.92% | 47.60% | 45.58% | 42.41% | 56.70% | 44.06% | 44.43% | 41.58% | 41.15% | 48.27% | 43.05% | 43.42% | 46.71% |
| Return on Invested Capital [ROIC]ROIC | 6.08% | 6.54% | 6.03% | 6.18% | 6.39% | 6.13% | 5.90% | 5.73% | 5.35% | 4.77% | 4.21% | 4.22% | 4.15% | 3.13% | 2.98% | |||||
| Return on Assets [ROA]ROA | -1.92% | -1.48% | 0.56% | 0.63% | 1.60% | 1.70% | 0.95% | 1.09% | 0.93% | 0.52% | 0.50% | 0.59% | 0.62% | 0.21% | 0.22% |