Price as of close on Nov 3, 2026 · Financials updated Nov 1, 2026
Basics
Sector
Financial Services
Industry
Asset Management
Country
United States
Market cap
909.9M USD
Enterprise value
2.2B USD
Overall health
Strength:growing faster than most peersgrowing faster than peers
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:higher risk than most peers: less short-term liquidity (current ratio 0.30 vs a peer median of 2.02)higher risk: less liquidity (current ratio 0.30 vs peers 2.02)
About average: profitability
Ranks #59 of 232 financial services companies (top 26%)
Cash flow well above reported profit. Free cash flow is 3.5× reported profit.
Free cash flow is 3.5× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Revenue is falling. Revenue fell 8.1% in the 12 months to June 2026 vs the 12 months before.
Barings BDC's revenue fell 8.1% in the 12 months to June 2026 vs the 12 months before.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 86 → 85
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 77 → 76
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growth-12.5%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.81Sector median: 0.0999 · MAD: 0.2773
3-year revenue growth92.2%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.06Sector median: 0.0999 · MAD: 0.0858
Revenue growth-8.1%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -1.05Sector median: 0.0742 · MAD: 0.1477
Why it changed since the Oct 27, 2026 close: Safety percentile 26 → 25
Company's reported figures updated-2
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Barings BDC
Is Barings BDC getting weaker?
Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 60/100, down 1 since Oct 28, 2026.
How is Barings BDC valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 85/100 against 432 financial services peers.Free cash flow yield 33.5% vs a peer median of 6.1% (stronger than 87% of peers).Free cash flow yield 33.5% vs peers 6.1% (stronger than 87% of peers).
Is Barings BDC growing?
Yes, faster than most of its peers. Growth scores 76/100 against 432 financial services peers.3-year revenue growth 92.2% vs a peer median of 10.0% (stronger than 95% of peers).3-year revenue growth 92.2% vs peers 10.0% (stronger than 95% of peers).Revenue growth -8.1% vs a peer median of 7.4% (weaker than 79% of peers).Revenue growth -8.1% vs peers 7.4% (weaker than 79% of peers).
How profitable is Barings BDC?
About as profitable as its peers. Profitability scores 53/100 against 432 financial services peers.Return on assets 3.4% vs a peer median of 2.6% (stronger than 61% of peers).Return on assets 3.4% vs peers 2.6% (stronger than 61% of peers).
How risky is Barings BDC?
Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings.Current ratio 0.30× vs a peer median of 2.02× (weaker than 94% of peers).Current ratio 0.30× vs peers 2.02× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Net income (12 months)
89.3M USD
87.1M USD
−2.5%
Debt
1.4B USD
1.4B USD
−1.4%
Cash
95.7M USD
69.9M USD
−27.0%
Shares outstanding
104.7M
104.7M
0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Asset Management · 43 companies
Valuations in Asset Management are near the top of their range since 2016.
95% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is +31% vs the whole market, against a usual +6%.
2016Shaded: most expensive fifth of its range2026
Barings BDC looks cheaper than most of its peers on our valuation measures, while the Asset Management industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Return on assets (ROA)
3.6%
0.2%
4.8%
4.1%
3.9%
▼ 0.2 pts
Return on equity (ROE)
10.5%
0.4%
10.7%
9.3%
8.8%
▼ 0.5 pts
Debt to equity
1.85×
1.21×
1.20×
1.22×
1.23×
▲ 1.1%
BBDC price history
Price history is added with the daily price update and will appear after the next one.