Golub Capital BDC (GBDC) Margins & Profitability 2022-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 45.4%
EBITDA Margin: 45.4%
Op. Margin: 45.4%
Net Margin: 30.4%

Op. margin of 45.4% is down 1.0% YoY — costs are rising relative to revenue. Net margin at 30.4% and gross margin of 45.4% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit