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 6.7% 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% |
| Next Earnings Update | 27 Feb 2025 |
Recent past performance updates
Recent updates
Goldman Sachs BDC: Risky, Yet Likely Worth It
Jan 23Goldman Sachs BDC: Price Drop Creates An Attractive Buying Opportunity
Jan 07Goldman Sachs BDC: This Is Not A BDC You Want To Have Now
Dec 21Goldman Sachs BDC: Contrarian Buy Near 1-Year Lows (Rating Upgrade)
Dec 05Goldman 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 |
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 (17.2%).
Return on Equity
High ROE: GSBD's Return on Equity (4.8%) is considered low.
Return on Assets
Return on Capital Employed
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/12 02:35 |
| End of Day Share Price | 2025/02/12 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Goldman Sachs BDC, Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James George Chappell | Berenberg |
| Derek Hewett | BofA Global Research |
| Christopher Testa | B. Riley Wealth |