GSBD Financial Services

Goldman Sachs BDC, Inc.

$8.83-1.01%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Asset Management
Country: United States
Market cap: 994.0M USD
Enterprise value: 2.8B USD

Overall health

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.49 vs a peer median of 2.02) and more debt relative to equity (1.36× vs a peer median of 0.57×)higher risk: less liquidity (current ratio 0.49 vs peers 2.02) and more debt vs equity (1.36× vs peers 0.57×)
About average: profitability and valuation

Ranks #119 of 232 financial services companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 139% of reported profit.
Goldman Sachs BDC's free cash flow is 139% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 68% in the 12 months to June 2026 vs the 12 months before, faster than 91% of peers.
Revenue grew 68% in the 12 months to June 2026 vs the 12 months before, faster than 91% of its peers.

StockQuotient Score

51/ 100

Oct 5 51 → Nov 4 51

Valuation

Is the price right?

52/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.9%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.05Sector median: 0.0571 · MAD: 0.0371

EBITDA yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0689 · MAD: 0.0428

Free cash flow yield8.2%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 0.34Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield136.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

81/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-59.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.50Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth32.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 2.64Sector median: 0.0999 · MAD: 0.0858

Revenue growth67.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score 4.09Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

47/100

Moderate▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 46 → 47

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

Held back by:

▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2353 · MAD: 0.1462

Return on assets1.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.33Sector median: 0.0256 · MAD: 0.0233

Return on invested capital7.3%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.20Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin100.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity4.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 25 → 26

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

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.66

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.13Sector median: 0.7010 · MAD: 0.3115

Current ratio0.49×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -1.23Sector median: 2.0250 · MAD: 1.2470

Debt / equity1.36×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.45Sector median: 0.5734 · MAD: 0.5454

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 Goldman Sachs BDC

Is Goldman Sachs BDC getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 51/100 since Oct 28, 2026.
How is Goldman Sachs BDC valued vs its peers?: Priced about in line with its peers. Valuation scores 52/100 against 432 financial services peers.
Is Goldman Sachs BDC growing?: Yes, faster than most of its peers. Growth scores 81/100 against 432 financial services peers. Revenue growth 67.9% vs a peer median of 7.4% (stronger than 91% of peers).Revenue growth 67.9% vs peers 7.4% (stronger than 91% of peers). Earnings per share growth -59.2% vs a peer median of 10.0% (weaker than 95% of peers).Earnings per share growth -59.2% vs peers 10.0% (weaker than 95% of peers).
How profitable is Goldman Sachs BDC?: About as profitable as its peers. Profitability scores 47/100 against 432 financial services peers. Return on assets 1.8% vs a peer median of 2.6% (weaker than 64% of peers).Return on assets 1.8% vs peers 2.6% (weaker than 64% of peers).
How risky is Goldman Sachs BDC?: Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 0.49× vs a peer median of 2.02× (weaker than 91% of peers).Current ratio 0.49× vs peers 2.02× (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Net income (12 months)	74.1M USD	58.5M USD	−21.1%
Debt	1.9B USD	1.9B USD	−2.5%
Cash	41.9M USD	14.4M USD	−65.5%
Shares outstanding	112.6M	112.6M	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

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)	5.4%	1.5%	5.6%	1.7%	3.5%	▲ 1.8 pts
Return on equity (ROE)	11.9%	3.7%	12.2%	4.0%	8.4%	▲ 4.4 pts
Debt to equity	1.15×	1.34×	1.14×	1.22×	1.32×	▲ 7.5%

GSBD price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

White Mountains Insurance Group, Ltd.WTM94/ 100

The Allstate CorporationALL93/ 100

PT Saratoga Investama Sedaya TbkSRTG.JK93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.49 vs a peer median of 2.02) and more debt relative to equity (1.36× vs a peer median of 0.57×)higher risk: less liquidity (current ratio 0.49 vs peers 2.02) and more debt vs equity (1.36× vs peers 0.57×)

About average: profitability and valuation

Ranks #119 of 232 financial services companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 139% of reported profit.

Goldman Sachs BDC's free cash flow is 139% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Fast revenue growth. Revenue grew 68% in the 12 months to June 2026 vs the 12 months before, faster than 91% of peers.

Revenue grew 68% in the 12 months to June 2026 vs the 12 months before, faster than 91% of its peers.

Questions investors ask about Goldman Sachs BDC

Is Goldman Sachs BDC getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 51/100 since Oct 28, 2026.

How is Goldman Sachs BDC valued vs its peers?

Priced about in line with its peers. Valuation scores 52/100 against 432 financial services peers.

Is Goldman Sachs BDC growing?

Yes, faster than most of its peers. Growth scores 81/100 against 432 financial services peers. Revenue growth 67.9% vs a peer median of 7.4% (stronger than 91% of peers).Revenue growth 67.9% vs peers 7.4% (stronger than 91% of peers). Earnings per share growth -59.2% vs a peer median of 10.0% (weaker than 95% of peers).Earnings per share growth -59.2% vs peers 10.0% (weaker than 95% of peers).

How profitable is Goldman Sachs BDC?

About as profitable as its peers. Profitability scores 47/100 against 432 financial services peers. Return on assets 1.8% vs a peer median of 2.6% (weaker than 64% of peers).Return on assets 1.8% vs peers 2.6% (weaker than 64% of peers).

How risky is Goldman Sachs BDC?

Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 0.49× vs a peer median of 2.02× (weaker than 91% of peers).Current ratio 0.49× vs peers 2.02× (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Net income (12 months)

74.1M USD

58.5M USD

−21.1%

Debt

1.9B USD

1.9B USD

−2.5%

Cash

41.9M USD

14.4M USD

−65.5%

Shares outstanding

112.6M

112.6M

0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

5.4%

1.5%

5.6%

1.7%

3.5%

▲ 1.8 pts

Return on equity (ROE)

11.9%

3.7%

12.2%

4.0%

8.4%

▲ 4.4 pts

Debt to equity

1.15×

1.34×

1.14×

1.22×

1.32×

▲ 7.5%