Goldman Sachs BDC (GSBD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Goldman Sachs BDC

NYSE•Financial Services•Asset Management

$9.68-0.30(-0.03%)Pre-market

Market Cap

$1.08B

P/E

18.5x

P/S

3.2x

P/B

0.8x

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

How this company scores

WeakMetricSide Score: 38/100

Strongest: Cash & Earnings Quality (15/25); weakest: Growth (3/25).

Profitability13/25

Growth3/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality15/25

Strengths

Strong marginsCash-backed earningsImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.5x5y range 7.7x – 26.3x

Currently above its 13-quarter median.

P/S · 3.2x5y range 2.6x – 3.8x

Currently near its 13-quarter median.

P/B · 0.8x5y range 0.7x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 13.4% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.08B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $340.18M
Q. Revenue: $83.72M
TTM EBITDA: $160.35M
TTM Op. Income: $160.35M
Q. Op. Income: $43.06M
TTM Net Income: $58.48M
Q. Net Income: $23.68M
EPS: $0.21
Shares Out.: $112.57M

$340.18M in TTM revenue declined 15.4% YoY, reaching $83.72M last quarter. TTM EBITDA of $160.35M and TTM operating income of $160.35M show growth is flowing through to the bottom line. TTM net income of $58.48M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 51.4%
Op. Margin: 51.4%
Net Margin: 28.3%

Op. margin of 51.4% is up 2.6% YoY — cost efficiency is improving. Net margin at 28.3% Over the past year, operating margin is up 5% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.5x
P/S Ratio: 3.2x
P/B Ratio: 0.8x

At 18.5x P/E, the stock trades within typical market levels. P/S of 3.2x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.29B
Cash: $14.43M
Long-Term Debt: $1.85B
Book Value: $1.36B
D/E Ratio: 1.4
Debt/EBITDA: 43.0

With $3.29B in assets and $1.85B in long-term debt, D/E is 1.4and book value is $1.36B — moderate leverage. Over the past year, debt/equity is up 15% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $53.63M
TTM Free Cash Flow: $81.42M
FCF Margin: 23.9%
FCF / Net Income: 1.4

TTM FCF of $81.42M on $53.63M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.