Goldman Sachs BDC Past Earnings Performance
Past criteria checks 1/6
Goldman Sachs BDC has been growing earnings at an average annual rate of 9.5%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 24.4% per year. Goldman Sachs BDC's return on equity is 4.8%, and it has net margins of 17%.
Key information
9.5%
Earnings growth rate
-0.3%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 24.4% |
| Return on equity | 4.8% |
| Net Margin | 17.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Goldman Sachs BDC: Important Improvements But Headwinds Warrant Caution (Rating Downgrade)
Nov 20Goldman Sachs BDC: Rising Concerns, But I'm Confident Dividend Remains Secure
Oct 28Goldman Sachs BDC: Strong Dividend Coverage But Some Portfolio Concerns
Oct 14Goldman Sachs BDC: The Weak Quality Factor Has Kicked In
Aug 26Goldman Sachs BDC: Time To Buy The Crash, Lock In A 13% Yield
Aug 16Goldman Sachs BDC: Decreasing Non-Accruals And Increased Investment Activity (Upgrade)
Jul 26Goldman Sachs BDC: Improvements, But Key Risks Remain
Jul 05Goldman Sachs BDC: Lock In A High-Quality 12% Yield On The Drop
Jun 04Goldman Sachs BDC: 12% Yield And Re-Rating Potential (Rating Upgrade)
May 20Goldman Sachs BDC: The Margin Of Safety Is Still Too Low To Go Long
Apr 18Goldman Sachs BDC: It Has Headwinds To Navigate
Mar 19Goldman Sachs BDC: Credit Issues Remain, But The 12% Yield Is Sustainable
Mar 05Goldman Sachs BDC: An Attractive Income Buy With A 12% Yield
Jan 18Goldman Sachs BDC: Signs Of Structural Underperformance Going Forward
Dec 27Goldman Sachs BDC: Still A Buy
Nov 13Goldman Sachs BDC: Earn A Solid 13% Yield Here (Upgrade)
Sep 04Goldman Sachs BDC: Compelling Yield But Watch Higher-Risk Portfolio Holdings
Aug 08Safer 12% Yield: Goldman Sachs BDC Or Monroe Capital
Jun 21Goldman Sachs BDC: 13% Dividend Yield Does Not Compensate For Poor Underwriting
Jun 13Goldman Sachs BDC NII of $0.66 beats by $0.15, total investment income of $106.5M beats by $4.49M
Feb 23Goldman Sachs BDC: You Can Now Secure A 12.1% Dividend Yield Here
Jan 24Goldman Sachs BDC declares $0.45 dividend
Nov 03Goldman Sachs BDC: Doubling-Down Opportunity For This 12% Yielder
Oct 12Goldman Sachs BDC: Generate 10.3% Passive Income With This BDC
Aug 22Goldman Sachs BDC Stands For A Better Dividend Class
Jun 16Goldman Sachs BDC: Future Growth With Sizable Risk
Feb 23Big Boy BDC Battle: Blue Owl, Goldman Sachs
Nov 28Buy Goldman Sachs BDC For Security And Dividend
Sep 21Goldman Sachs BDC 2021 Q1 - Results - Earnings Call Presentation
May 07Goldman Sachs BDC prices $500M notes offering
Nov 19Goldman Sachs BDC declares $0.45 dividend
Nov 05Revenue & Expenses Breakdown
How Goldman Sachs BDC makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 446 | 76 | 69 | 0 |
| 30 Jun 24 | 456 | 90 | 75 | 0 |
| 31 Mar 24 | 459 | 210 | 82 | 0 |
| 31 Dec 23 | 455 | 196 | 92 | 0 |
| 30 Sep 23 | 446 | 149 | 79 | 0 |
| 30 Jun 23 | 421 | 90 | 73 | 0 |
| 31 Mar 23 | 387 | 43 | 65 | 0 |
| 31 Dec 22 | 357 | 55 | 45 | 0 |
| 30 Sep 22 | 335 | 90 | 45 | 0 |
| 30 Jun 22 | 336 | 136 | 51 | 0 |
| 31 Mar 22 | 343 | 172 | 51 | 0 |
| 31 Dec 21 | 347 | 192 | 49 | 0 |
| 30 Sep 21 | 342 | 326 | 49 | 0 |
| 30 Jun 21 | 277 | 321 | 35 | 0 |
| 31 Mar 21 | 224 | 300 | 27 | 0 |
| 31 Dec 20 | 173 | 176 | 22 | 0 |
| 30 Sep 20 | 129 | 12 | 19 | 0 |
| 30 Jun 20 | 135 | -11 | 22 | 0 |
| 31 Mar 20 | 143 | -30 | 29 | 0 |
| 31 Dec 19 | 147 | 36 | 29 | 0 |
| 30 Sep 19 | 148 | 26 | 27 | 0 |
| 30 Jun 19 | 149 | 36 | 29 | 0 |
| 31 Mar 19 | 148 | 37 | 31 | 0 |
| 31 Dec 18 | 147 | 54 | 36 | 0 |
| 30 Sep 18 | 145 | 67 | 40 | 0 |
| 30 Jun 18 | 141 | 66 | 41 | 0 |
| 31 Mar 18 | 140 | 53 | 37 | 0 |
| 31 Dec 17 | 137 | 50 | 36 | 0 |
| 30 Sep 17 | 133 | 43 | 34 | 0 |
| 30 Jun 17 | 133 | 47 | 35 | 0 |
| 31 Mar 17 | 126 | 50 | 36 | 0 |
| 31 Dec 16 | 125 | 41 | 34 | 0 |
| 30 Sep 16 | 126 | 36 | 32 | 0 |
| 30 Jun 16 | 125 | 27 | 30 | 0 |
| 31 Mar 16 | 123 | 38 | 31 | 0 |
| 31 Dec 15 | 118 | 47 | 33 | 0 |
| 30 Sep 15 | 111 | 49 | 31 | 0 |
| 30 Jun 15 | 97 | 47 | 27 | 0 |
| 31 Mar 15 | 86 | 41 | 21 | 0 |
| 31 Dec 14 | 73 | 37 | 16 | 0 |
| 30 Sep 14 | 59 | 43 | 13 | 0 |
| 30 Jun 14 | 46 | 37 | 10 | 0 |
| 31 Mar 14 | 33 | 26 | 8 | 0 |
| 31 Dec 13 | 23 | 18 | 6 | 0 |
Quality Earnings: GSBD has a large one-off loss of $176.7M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: GSBD's current net profit margins (17%) are lower than last year (33.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GSBD's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: GSBD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GSBD had negative earnings growth (-49.1%) over the past year, making it difficult to compare to the Capital Markets industry average (13.4%).
Return on Equity
High ROE: GSBD's Return on Equity (4.8%) is considered low.