Barings BDC (BBDC) Financials: Revenue & Earnings

BBDC price $8.67 +0.10 +1.17%

Ticker
BBDC
Price
$8.67
Change
+0.10 +1.17%
Market cap ?
$907.81M
P/E ?
10.01
Forward P/E ?
8.34
Dividend yield ?
9.39%
Beta ?
0.71
Sector
Financial Services
Industry
Asset Management
Stocklytics score
54
Value
60
Quality
63
Growth
40

Stocklytics score rationale: value 60, quality 63, growth 40.

Financials

2016201720182019202020212022202320242025
113679557123004632802236257564834536973000119802000219129000289201000209103000248837000

Barings BDC, Inc. (NYSE: BBDC) functions as a publicly traded, externally managed Business Development Company (BDC), operating under the regulatory framework of the Investment Company Act of 1940. Its investment strategy primarily involves providing capital through various debt instruments, such as senior secured loans, first and second lien debt, unitranche facilities, and subordinated debt, alongside equity…

Fair value

BBDC fair value $11.10. Price $8.67. Price is 22% below fair value.

Below fair value, but more expensive than usual. A smaller discount than on 92% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 118.44M. Growth 0.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 104.71M. Net debt 1.36B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare BBDC

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—0.26—63.54M
2026-08-050.280.2565.20M60.10M
2026-05-070.250.2560.57M62.54M
2026-02-190.270.2667.97M67.66M
2025-11-060.320.2772.40M67.66M
2025-08-070.280.2645.84M66.41M
2025-05-080.250.2854.87M67.78M
2025-02-200.280.2950.18M69.35M
2024-11-060.290.3070.85M68.69M
2024-08-070.400.3074.89M72.23M
2024-05-070.280.3069.81M73.14M
2024-02-220.310.3075.85M72.04M
2023-11-090.310.3170.85M73.58M
2023-08-090.310.2975.30M70.64M
2023-05-040.250.2967.20M67.45M
2023-02-230.340.2763.47M62.70M
2022-11-100.260.2556.31M59.01M
2022-08-090.290.2455.59M51.20M
2022-05-050.230.2343.76M39.34M
2022-02-230.230.2336.60M34.21M
2021-11-090.230.2334.98M32.64M
2021-08-050.220.2233.15M33.15M
2021-05-060.220.2030.59M27.78M
2021-03-230.190.1919.88M—
2020-11-090.170.1516.33M38.51M
2020-08-050.140.1516.14M17.29M
2020-04-300.150.1618.68M19.92M
2020-02-270.150.1618.40M19.63M
2019-10-290.160.1619.30M19.30M
2019-07-300.150.1519.60M19.60M
2019-05-090.160.1518.34M18.34M
2019-02-270.160.1516.60M14.53M
2018-11-08-0.59-0.2512.07M8.05M
2018-08-010.210.2725.47M34.38M
2018-05-020.270.2826.08M27.05M
2018-02-280.370.3331.71M28.28M
2017-11-010.360.4129.89M34.04M
2017-08-020.410.4231.21M31.97M
2017-05-030.420.4430.19M31.63M
2017-02-220.420.4031.19M29.70M

Dividends

Yield 12.00%. Payout ratio 131.31%. Frequency Quarterly.

Safety score 43/100 · Watch. Payout ratio is 131% of earnings, above what earnings cover. Dividends use most of free cash flow. Dividends were paid in 20 separate years. Yield is 12.0%, high enough that the payout may be hard to keep.

Ex-dateDividendRecordPaymentFrequency
2026-09-02$0.262026-09-022026-09-09Quarterly
2026-06-03$0.262026-06-032026-06-10Quarterly
2026-03-04$0.262026-03-042026-03-11Quarterly
2025-12-03$0.262025-12-032025-12-10Annual
2025-09-03$0.362025-09-032025-09-10Special
2025-06-04$0.362025-06-042025-06-11Special
2025-03-05$0.362025-03-052025-03-12Special
2024-12-04$0.262024-12-042024-12-11Quarterly
2024-09-04$0.262024-09-042024-09-11Quarterly
2024-06-05$0.262024-06-052024-06-12Quarterly
2024-03-05$0.262024-03-062024-03-13Quarterly
2023-12-05$0.262023-12-062023-12-13Quarterly
2023-09-05$0.262023-09-062023-09-13Quarterly
2023-06-06$0.252023-06-072023-06-14Quarterly
2023-03-07$0.252023-03-082023-03-15Quarterly
2022-12-06$0.242022-12-072022-12-14Quarterly
2022-09-06$0.242022-09-072022-09-14Quarterly
2022-06-07$0.242022-06-082022-06-15Quarterly
2022-02-15$0.232022-02-162022-02-23Quarterly
2021-11-23$0.222021-11-242021-12-01Quarterly
2021-09-07$0.212021-09-082021-09-15Quarterly
2021-06-08$0.202021-06-092021-06-16Quarterly
2021-03-09$0.192021-03-102021-03-17Quarterly
2020-11-24$0.172020-11-252020-12-02Quarterly
2020-09-08$0.162020-09-092020-09-16Quarterly
2020-06-09$0.162020-06-102020-06-17Quarterly
2020-03-10$0.162020-03-112020-03-18Quarterly
2019-12-10$0.152019-12-112019-12-18Quarterly
2019-09-10$0.142019-09-112019-09-18Quarterly
2019-06-11$0.132019-06-122019-06-19Quarterly
2019-03-12$0.122019-03-132019-03-20Quarterly
2018-12-13$0.102018-12-142018-12-21Quarterly
2018-09-19$0.032018-09-202018-09-27Semi-Annual
2018-08-06$1.782018-08-03—Semi-Annual
2018-03-13$0.302018-03-142018-03-28Quarterly
2017-12-05$0.302017-12-062017-12-20Quarterly
2017-09-01$0.452017-09-062017-09-20Quarterly
2017-06-05$0.452017-06-072017-06-21Quarterly
2017-03-06$0.452017-03-082017-03-22Quarterly
2016-12-05$0.452016-12-072016-12-21Quarterly
2016-09-02$0.452016-09-072016-09-21Quarterly
2016-06-06$0.452016-06-082016-06-22Quarterly
2016-03-07$0.542016-03-092016-03-23Quarterly
2015-12-07$0.592015-12-092015-12-23Quarterly
2015-09-04$0.592015-09-092015-09-23Quarterly
2015-06-08$0.592015-06-102015-06-24Quarterly
2015-03-09$0.592015-03-112015-03-25Quarterly
2014-12-08$0.592014-12-102014-12-24Quarterly
2014-09-08$0.592014-09-102014-09-24Quarterly
2014-06-09$0.542014-06-112014-06-25Irregular
2014-05-23$0.152014-05-282014-06-25Quarterly
2014-03-10$0.542014-03-122014-03-26Irregular
2014-03-03$0.15——Quarterly
2013-12-09$0.542013-12-112013-12-24Quarterly
2013-09-09$0.542013-09-112013-09-25Quarterly
2013-06-10$0.542013-06-122013-06-26Quarterly
2013-03-11$0.542013-03-132013-03-27Quarterly
2012-12-10$0.532012-12-122012-12-26Quarterly
2012-09-10$0.522012-09-122012-09-26Quarterly
2012-06-11$0.502012-06-132012-06-27Quarterly
2012-03-12$0.472012-03-142012-03-28Quarterly
2011-12-12$0.472011-12-142011-12-28Quarterly
2011-09-12$0.442011-09-142011-09-28Quarterly
2011-06-13$0.442011-06-152011-06-29Quarterly
2011-03-14$0.422011-03-162011-03-30Quarterly
2010-12-13$0.422010-12-152010-12-29Quarterly
2010-09-03$0.412010-09-082010-09-22Quarterly
2010-06-11$0.412010-06-152010-06-29Quarterly
2010-03-23$0.412010-03-252010-04-08Quarterly
2009-12-18$0.412009-12-222010-01-05Quarterly
2009-10-06$0.412009-10-082009-10-22Quarterly
2009-07-07$0.402009-07-092009-07-23Quarterly
2009-02-25$0.052009-02-272009-03-13Quarterly
2008-12-19$0.402008-12-232009-01-06Irregular
2008-10-28$0.382008-10-302008-11-20Irregular
2008-08-12$0.352008-08-142008-09-04Quarterly
2008-06-03$0.312008-06-052008-06-26Semi-Annual
2007-11-27$0.272007-11-292007-12-27Quarterly
2007-08-28$0.262007-08-302007-09-27Quarterly
2007-05-29$0.152007-05-312007-06-28Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-06-03McDonnell ThomasBuy10.00K$8.2782.70K
2026-01-01McDonnell ThomasOther0——
2025-12-09BYERS STEPHEN RBuy6.76K$8.9760.64K
2025-12-09BYERS STEPHEN RSell5.67K$8.9850.93K
2025-11-06Verwholt DanielOther0——
2025-06-06Murray Elizabeth A.Buy3.40K$8.8430.06K
2025-06-06BYERS STEPHEN RBuy8.70K$8.8977.34K
2025-05-19Freund MatthewBuy3.52K$9.0731.93K
2025-05-19Lloyd Eric JBuy7.10K$9.0964.53K
2025-05-19Lloyd Eric JBuy27.27K$9.13248.99K
2025-05-19Freund MatthewBuy22$9.07200
2025-05-19Freund MatthewSell1$9.068
2025-05-19Freund MatthewSell1$9.069
2025-05-19Freund MatthewBuy3.50K$9.0731.75K
2025-05-08Epperson RosaOther0——
2025-01-01LaPiana PaulOther0——
2025-01-01FORTIN MARY JANEOther0——
2024-12-13BYERS STEPHEN RBuy8.48K$9.7382.56K
2024-12-12O'Connor Michael JamesSell29.42K$9.70285.41K
2024-12-11BYERS STEPHEN RBuy1.06K$9.8910.51K
2024-12-11Murray Elizabeth A.Buy2.00K$9.7019.40K
2024-12-11Freund MatthewBuy1.00K$9.719.71K
2024-12-11Freund MatthewBuy1.50K$9.7214.58K
2024-11-15BYERS STEPHEN RBuy13.56K$9.95134.97K
2024-11-08BYERS STEPHEN RBuy1.35K$9.6313.00K
2024-09-01Branca ItzbellOther0——
2024-05-09Freno MichaelBuy27.50K$9.73267.49K
2024-03-08Freund MatthewSell0——
2024-02-28BYERS STEPHEN RBuy570$9.705.53K
2023-11-09DESIENO MICHAELOther0——
2023-07-18BYERS STEPHEN RBuy400$8.033.21K
2023-05-16O'Connor Michael JamesBuy25.00K$7.43185.73K
2023-05-11Merritt SearsBuy1.36K$7.369.99K
2023-05-11Murray Elizabeth A.Buy2.50K$7.2318.07K
2023-05-11Murray Elizabeth A.Buy2.50K$7.2318.07K
2023-05-09Freno MichaelBuy4.00K$7.1828.72K
2023-05-09Freno MichaelBuy4.00K$7.1928.76K
2023-05-09Freno MichaelBuy4.00K$7.1928.76K
2023-05-09PERLEY ALBERTBuy100$7.21720
2023-05-09PERLEY ALBERTBuy1.90K$7.2113.70K
2023-05-09Freno MichaelBuy4.00K$7.1828.72K
2023-05-09Freno MichaelBuy4.00K$7.1928.76K
2023-05-09Freno MichaelBuy4.00K$7.1928.76K
2023-05-09Freno MichaelBuy14.00K$7.20100.86K
2023-05-08CHILLAG JEFFREYBuy3.50K$7.2325.30K
2023-05-08CHILLAG JEFFREYBuy3.50K$7.2325.30K
2023-05-08CHILLAG JEFFREYSell500$7.223.61K
2023-05-02PARTLAN ERICOther0——
2023-04-10Craddock GeoffBuy10.00K$7.6776.70K
2023-03-09Okel ThomasBuy600$8.044.82K
2023-03-09Okel ThomasBuy9.40K$8.0575.67K
2023-02-23STEINNERD ASHLEEOther0——
2023-02-23MacCordy Gregory WayneOther0——
2023-01-25BYERS STEPHEN RBuy466$8.553.98K
2022-09-16TECMIRE BENJAMINOther0——
2022-06-17BYERS STEPHEN RBuy236$9.272.19K
2022-06-03BYERS STEPHEN RBuy1.85K$10.3819.19K
2022-05-09BYERS STEPHEN RBuy235$10.222.40K
2022-03-15CHILLAG JEFFREYBuy1.12K$10.1611.36K
2022-02-25BYERS STEPHEN ROther0——
2022-02-25Lancaster-Beal ValerieOther0——
2021-12-01MIHALICK DAVIDBuy5.00K$10.8054.00K
2021-11-29McDonnell ThomasBuy5.00K$10.8554.25K
2021-11-09PERLEY ALBERTOther0——
2021-11-09CHILLAG JEFFREYSell0——
2021-09-28Okel ThomasBuy401$11.034.42K
2021-09-28Okel ThomasBuy4.14K$11.0245.58K
2021-08-10CRANDALL ROGER WBuy3.00K$10.9532.85K
2021-08-05Harris BernardOther0——
2021-06-09McDonnell ThomasBuy3.00K$10.5331.59K
2021-05-11McDonnell ThomasBuy2.00K$10.3920.78K
2021-03-30McDonnell ThomasBuy2.00K$9.9519.90K
2021-03-26McDonnell ThomasBuy1.00K$9.909.90K
2020-12-23KNAPP ROBERT CSell0——
2020-12-21Switzer JohnBuy1.00K$9.119.11K
2020-12-07MIHALICK DAVIDBuy7.86K$8.9770.51K
2020-12-04MIHALICK DAVIDBuy7.14K$9.0464.53K
2020-12-01MIHALICK DAVIDOther0——
2020-11-09HIGH BRYANOther0——
2020-05-26Craddock GeoffBuy4.00K$7.2428.96K
2020-05-26Craddock GeoffBuy6.00K$7.2243.32K
2020-05-14CRANDALL ROGER WBuy1.00K$6.446.44K
2020-05-14CRANDALL ROGER WBuy1.00K$6.346.34K
2020-05-14CRANDALL ROGER WBuy15.25K$6.68101.81K
2020-05-13CRANDALL ROGER WBuy1.00K$6.616.61K
2020-05-13CRANDALL ROGER WBuy1.00K$6.596.59K
2020-05-12CRANDALL ROGER WBuy2.00K$6.6813.36K
2020-05-08CRANDALL ROGER WBuy500$6.763.38K
2020-05-08CRANDALL ROGER WBuy1.50K$6.7510.12K
2020-05-08CRANDALL ROGER WBuy1.50K$6.7510.12K
2020-05-08CRANDALL ROGER WBuy200$6.751.35K
2020-05-08CRANDALL ROGER WBuy500$6.753.37K
2020-05-08CRANDALL ROGER WBuy1.00K$6.746.74K
2020-05-08CRANDALL ROGER WBuy1.00K$6.746.74K
2020-05-08CRANDALL ROGER WBuy300$6.732.02K
2020-05-06CRANDALL ROGER WBuy500$6.843.42K
2020-05-06CRANDALL ROGER WBuy800$6.785.42K
2020-05-06CRANDALL ROGER WBuy450$6.783.05K
2020-05-06CRANDALL ROGER WBuy500$6.753.38K
2020-05-06CRANDALL ROGER WBuy100$6.74674

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 207, holders -5 vs prior quarter. Ownership 48.05%.

HolderSharesChangeChange %Value
BARINGS LLC13.64M00.00%116.21M
PRIVATE MANAGEMENT GROUP INC4.78M479.54K+11.15%40.72M
ARES MANAGEMENT LLC4.16M534.15K+14.71%35.48M
CRESSET ASSET MANAGEMENT, LLC2.55M220.94K+9.51%21.69M
VAN ECK ASSOCIATES CORP2.31M484.65K+26.56%19.68M
UBS GROUP AG2.11M522.85K+33.03%17.94M
FRANKLIN TEMPLETON INC1.37M395.02K+40.69%11.64M
RUSSELL INVESTMENTS GROUP, LTD.1.23M386.74K+45.62%10.52M
TWO SIGMA INVESTMENTS, LP1.13M150.65K+15.38%9.63M
DIMENSION CAPITAL MANAGEMENT LLC1.02M35.42K+3.60%8.70M
MORGAN STANLEY960.58K-37.24K-3.73%8.18M
FOCUS PARTNERS WEALTH907.62K-47.57K-4.98%7.73M
LEGAL & GENERAL GROUP PLC879.82K28.84K+3.39%7.48M
WELLS FARGO & COMPANY/MN760.56K-164.86K-17.81%6.48M
MUZINICH & CO., INC.714.96K14.50K+2.07%6.09M
BANK OF AMERICA CORP /DE/690.78K243.15K+54.32%5.89M
RAYMOND JAMES FINANCIAL INC682.82K66.06K+10.71%5.82M
SUMITOMO MITSUI TRUST GROUP, INC.577.41K00.00%4.92M
BLACKROCK, INC.509.22K15.51K+3.14%4.34M
THRIVENT FINANCIAL FOR LUTHERANS475.83K326.94K+219.57%4.05M
GCM GROSVENOR HOLDINGS, LLC475.00K475.00KNew4.05M
ADVISORS ASSET MANAGEMENT, INC.417.05K9.53K+2.34%3.55M
BULLDOG INVESTORS, LLP336.40K1.50K+0.45%2.87M
GRANITESHARES ADVISORS LLC308.35K40.35K+15.06%2.63M
CONFLUENCE INVESTMENT MANAGEMENT LLC306.26K-1.61K-0.52%2.61M

Earnings and financials

Barings BDC, Inc. (BBDC) trades at $8.67, with a market cap of $907.81M and a trailing P/E of 10.01. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
113679557123004632802236257564834536973000119802000219129000289201000209103000248837000

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Barings BDC (BBDC) Financials: Revenue & Earnings

BBDC$8.67+0.10 +1.17%

$907.81M

Market Cap

10.01

P/E

8.34

Forward P/E

54

Score

Price History