$12.36

+0.24 (+1.98%)

Weekly Expected Move ±2.4%

$12 $12 $12 $12 $13

NASDAQ · Financial Services · Asset Management · Tech Score Sell · Power 40 · $3.2B mcap · 251M float · 0.505% daily turnover · Short 45% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $174.9M held by 143 funds, 163 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

46.8 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 4.8% · 5Y Avg: 4.3%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. GBDC shows a Weak competitive edge (46.8/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 4.8% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$14

Avg Target

$14

High

Based on 5 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 5Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$14.20

Analysts5

Consensus Change History

Date	Field	From	To
2026-01-08	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-06	Oppenheimer	Mitchel Penn	Initiated	$14	—	+4.5%	$13.40
2026-04-17	RBC Capital	Kenneth Lee	Initiated	$15	—	+12.9%	$13.29
2026-02-06	Wells Fargo	Finian O'Shea	$14	$13	-1	+3.4%	$12.57
2026-01-15	Capital One Financial	Ethan Kaye	Initiated	$15	—	+8.1%	$13.87
2026-01-07	Wells Fargo	Finian O'Shea	$18	$14	-4	+2.0%	$13.73
2022-04-25	Wells Fargo	—	Initiated	$18	—	+16.9%	$14.97

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. GBDC receives an overall rating of B. Strongest factors: ROA (4/5), P/B (4/5). Areas of concern: ROE (2/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-12	B+	B
2026-10-01	B-	B+
2026-08-12	B	B-
2026-08-05	B-	B
2026-08-04	B	B-
2026-07-16	B+	B
2026-07-01	B	B+
2026-06-04	B-	B
2026-05-18	B	B-
2026-05-05	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 45 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. GBDC scores highest in Earnings Quality (79/100) and lowest in Safety (15/100). An overall grade of A places GBDC among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.64

Distress Zone

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✗ ✓ ✓ ✓

Beneish M-Score

-3.03

Unlikely Manipulator

Ohlson O-Score

-7.31

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 28.5/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 4.82x

Accruals: -6.4%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. GBDC scores 0.64, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. GBDC scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. GBDC's score of -3.03 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. GBDC's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. GBDC receives an estimated rating of B (score: 28.5/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). GBDC's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

22.47x

PEG

-0.37x

P/S

4.49x

P/B

0.87x

P/FCF

4.75x

P/OCF

4.75x

EV/EBITDA

19.88x

EV/Revenue

11.02x

EV/EBIT

20.02x

EV/FCF

11.15x

Earnings Yield

4.37%

FCF Yield

21.06%

Shareholder Yield

13.78%

Graham Number

$13.43

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 22.5x earnings, GBDC commands a growth premium. Graham's intrinsic value formula yields $13.43 per share, suggesting a potential 9% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.001

NI / EBT

Interest Burden

0.372

EBT / EBIT

EBIT Margin

0.550

EBIT / Rev

Asset Turnover

0.081

Rev / Assets

Equity Multiplier

2.283

Assets / Equity

ROE

3.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. GBDC's ROE of 3.8% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$4.79

Price/Value

2.69x

Margin of Safety

-169.00%

Premium

169.00%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with GBDC's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. GBDC trades at a 169% premium to its adjusted intrinsic value of $4.79, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 22.5x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$12.36

Median 1Y

$12.31

5th Pctile

$8.22

95th Pctile

$18.50

Ann. Volatility

25.0%

25th–75th percentile 5th–95th percentile Median path Historical

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Rev: $688,456,000

Profit / Employee

—

NI: $376,646,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	13.7%	12.2%	11.1%	8.5%	6.0%	4.5%	4.2%	6.5%	10.2%	12.2%	13.5%	8.5%	8.3%	9.4%	8.9%	9.3%	9.4%	8.3%	5.3%	3.8%	3.81%
ROA	7.1%	6.0%	5.6%	4.1%	2.8%	2.1%	1.9%	2.9%	4.5%	5.4%	5.9%	3.9%	3.8%	4.2%	4.0%	4.2%	4.3%	3.7%	2.3%	1.7%	1.67%
ROIC	6.9%	5.9%	5.2%	3.9%	4.1%	3.4%	3.3%	4.3%	4.6%	5.6%	6.2%	3.4%	3.2%	3.5%	3.4%	4.2%	4.3%	4.9%	4.4%	4.8%	4.83%
ROCE	6.6%	5.7%	5.1%	3.8%	4.1%	3.4%	3.3%	4.2%	4.6%	5.5%	5.9%	3.4%	3.2%	3.5%	3.3%	4.1%	4.2%	4.8%	4.8%	4.8%	4.77%
Gross Margin	78.6%	80.9%	77.9%	45.4%	1.0%	50.4%	63.2%	66.0%	73.9%	67.6%	67.7%	1.6%	59.5%	60.7%	56.2%	58.9%	60.6%	80.9%	77.6%	77.3%	77.34%
Operating Margin	79.8%	75.3%	76.9%	37.2%	69.4%	42.1%	59.6%	62.9%	69.8%	62.6%	68.6%	15.6%	60.0%	56.6%	51.2%	54.0%	55.8%	78.3%	9.8%	75.9%	75.92%
Net Margin	79.2%	74.7%	76.8%	36.1%	6.8%	39.1%	59.4%	62.9%	68.8%	62.2%	68.5%	15.7%	60.1%	56.9%	51.3%	54.2%	55.9%	31.5%	-26.5%	20.0%	20.00%
EBITDA Margin	79.8%	75.3%	76.9%	37.2%	69.4%	42.1%	59.6%	62.9%	69.8%	62.6%	68.6%	15.6%	60.0%	56.6%	51.2%	54.0%	55.8%	78.3%	8.1%	77.6%	77.63%
FCF Margin	-73.7%	-83.3%	-2.0%	-3.2%	-1.2%	-57.7%	16.9%	72.6%	45.7%	63.2%	81.5%	1.3%	72.3%	-35.4%	-26.2%	-85.9%	-16.5%	67.6%	43.4%	98.8%	98.78%
OCF Margin	-73.7%	-83.3%	-2.0%	-3.2%	-1.2%	-57.7%	16.9%	72.6%	45.7%	63.2%	81.5%	1.3%	72.3%	-35.4%	-26.2%	-85.9%	-16.5%	67.6%	43.4%	98.8%	98.78%
ROE 3Y Avg	snapshot only																				6.76%
ROE 5Y Avg	snapshot only																				7.04%
ROA 3Y Avg	snapshot only																				3.04%
ROIC 3Y Avg	snapshot only																				4.50%
ROIC Economic	snapshot only																				4.83%
Cash ROA	snapshot only																				8.47%
Cash ROIC	snapshot only																				8.59%
CROIC	snapshot only																				8.59%
NOPAT Margin	snapshot only																				55.52%
Pretax Margin	snapshot only																				20.49%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				1.86%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	5.05	5.57	6.10	6.96	9.62	13.87	15.77	10.44	7.46	6.60	6.76	9.46	12.73	11.66	12.64	9.86	9.40	10.82	16.23	22.87	22.473
P/S Ratio	4.14	4.44	4.78	4.96	4.42	5.11	5.20	4.31	4.51	4.21	4.45	5.70	7.33	6.56	6.57	5.49	5.14	5.11	4.61	4.69	4.487
P/B Ratio	0.66	0.66	0.66	0.58	0.58	0.64	0.68	0.69	0.76	0.79	0.90	0.65	0.87	0.90	0.92	0.93	0.89	0.92	0.89	0.91	0.869
P/FCF	-5.61	-5.33	-2.37	-1.57	-3.55	-8.85	30.70	5.94	9.88	6.66	5.46	4.36	10.13	-18.54	-25.10	-6.39	-31.17	7.56	10.61	4.75	4.748
P/OCF	—	—	—	—	—	—	30.70	5.94	9.88	6.66	5.46	4.36	10.13	—	—	—	—	7.56	10.61	4.75	4.748
EV/EBITDA	11.99	14.09	15.97	20.87	19.30	23.73	25.42	19.75	18.98	16.16	15.29	24.15	28.99	27.15	28.63	23.31	22.41	19.67	21.80	19.88	19.878
EV/Revenue	9.84	11.28	12.55	14.97	13.26	14.57	14.42	11.97	11.64	10.38	10.13	14.66	16.72	15.26	14.84	12.94	12.23	12.00	10.94	11.02	11.016
EV/EBIT	11.99	14.09	15.97	20.87	19.30	23.73	25.42	19.75	18.98	16.16	15.29	24.15	28.99	27.15	28.63	23.31	22.41	19.67	21.80	20.02	20.016
EV/FCF	-13.36	-13.53	-6.21	-4.74	-10.63	-25.24	85.17	16.48	25.48	16.42	12.43	11.21	23.13	-43.13	-56.71	-15.06	-74.10	17.75	25.21	11.15	11.152
Earnings Yield	19.8%	18.0%	16.4%	14.4%	10.4%	7.2%	6.3%	9.6%	13.4%	15.2%	14.8%	10.6%	7.9%	8.6%	7.9%	10.1%	10.6%	9.2%	6.2%	4.4%	4.37%
FCF Yield	-17.8%	-18.8%	-42.3%	-63.7%	-28.2%	-11.3%	3.3%	16.8%	10.1%	15.0%	18.3%	22.9%	9.9%	-5.4%	-4.0%	-15.7%	-3.2%	13.2%	9.4%	21.1%	21.06%
Price/Tangible Book	snapshot only																				0.905
EV/OCF	snapshot only																				11.152
EV/Gross Profit	snapshot only																				14.808
Acquirers Multiple	snapshot only																				19.862
Shareholder Yield	snapshot only																				13.78%
Graham Number	snapshot only																				$13.43

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	6.46	12.79	3.82	4.96	3.97	5.29	5.04	4.60	5.17	3.73	6.97	2.56	3.66	3.12	3.13	2.41	5.35	2.85	0.21	1.48	1.480
Quick Ratio	6.46	12.79	3.82	4.96	3.97	5.29	5.04	4.60	5.17	3.73	6.97	2.56	3.66	3.12	3.13	2.41	5.35	2.85	0.21	1.48	1.480
Debt/Equity	0.99	1.09	1.13	1.21	1.21	1.23	1.24	1.25	1.22	1.20	1.26	1.06	1.15	1.22	1.19	1.28	1.23	1.25	1.25	1.22	1.225
Net Debt/Equity	0.92	1.02	1.08	1.18	1.16	1.19	1.20	1.22	1.20	1.17	1.14	1.03	1.11	1.19	1.16	1.26	1.22	1.23	1.22	1.22	1.221
Debt/Assets	0.49	0.52	0.53	0.54	0.54	0.54	0.55	0.55	0.54	0.54	0.55	0.51	0.53	0.54	0.54	0.56	0.55	0.55	0.55	0.54	0.544
Debt/EBITDA	7.49	9.13	10.36	14.34	13.41	15.95	16.73	13.02	11.89	9.86	9.44	15.28	16.76	15.83	16.36	13.69	13.05	11.43	12.98	11.45	11.448
Net Debt/EBITDA	6.95	8.54	9.89	13.95	12.87	15.41	16.26	12.64	11.62	9.61	8.57	14.76	16.29	15.48	15.96	13.42	12.98	11.29	12.62	11.41	11.415
Interest Coverage	5.28	4.64	4.08	2.80	2.68	1.90	1.56	1.79	1.79	2.02	2.14	1.57	1.33	1.27	1.10	1.35	1.34	1.58	1.37	1.54	1.536
Equity Multiplier	2.00	2.10	2.14	2.23	2.23	2.25	2.26	2.28	2.25	2.22	2.29	2.09	2.17	2.24	2.21	2.31	2.25	2.28	2.28	2.25	2.251
Cash Ratio	snapshot only																				0.154
Debt Service Coverage	snapshot only																				1.547
Cash to Debt	snapshot only																				0.003
FCF to Debt	snapshot only																				0.156
Defensive Interval	snapshot only																				199.1 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	0.09	0.08	0.07	0.06	0.06	0.06	0.06	0.07	0.07	0.09	0.09	0.07	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.081
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	23.38	18.05	18.33	16.14	17.10	11.86	12.43	15.83	10.85	11.62	10.76	7.70	7.20	8.60	8.62	8.11	9.69	9.62	11.16	10.48	10.481
Payables Turnover	49.84	4.10	3.60	4.08	44.15	3.65	4.19	4.53	11.46	5.11	4.25	3.01	5.09	5.17	4.81	5.69	5.95	3.30	7.38	21.40	21.397
DSO	16	20	20	23	21	31	29	23	34	31	34	47	51	42	42	45	38	38	33	35	34.8 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	7	89	101	89	8	100	87	81	32	71	86	121	72	71	76	64	61	111	49	17	17.1 days
Cash Conversion Cycle	8	-69	-82	-67	13	-69	-58	-57	2	-40	-52	-74	-21	-28	-34	-19	-24	-73	-17	18	17.8 days
Cash Velocity	snapshot only																				55.178
Capital Intensity	snapshot only																				11.660

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	1.9%	1.1%	-27.0%	-30.2%	-19.6%	-18.7%	-10.2%	31.2%	28.1%	53.7%	60.0%	16.3%	11.2%	13.6%	8.6%	45.1%	44.7%	27.3%	27.3%	6.0%	6.01%
Net Income	5.2%	2.0%	-32.7%	-40.3%	-54.9%	-62.5%	-62.2%	-23.9%	68.6%	1.7%	2.2%	69.6%	5.9%	0.2%	-14.3%	34.1%	37.6%	6.9%	-30.5%	-60.9%	-60.94%
EPS	5.1%	2.0%	-34.1%	-41.2%	-55.4%	-62.7%	-62.2%	-23.5%	69.1%	1.7%	2.2%	44.2%	-31.8%	-35.7%	-45.1%	0.5%	36.8%	7.2%	-29.5%	-60.0%	-59.98%
FCF	-2.6%	-3.4%	-4.0%	-6.3%	-36.1%	43.7%	1.1%	1.3%	1.5%	2.7%	6.7%	1.1%	76.0%	-1.6%	-1.3%	-2.0%	-1.3%	3.4%	3.1%	2.2%	2.22%
EBITDA	5.2%	2.0%	-32.4%	-39.8%	-32.7%	-37.6%	-35.2%	10.8%	14.3%	60.8%	86.9%	16.6%	4.6%	-0.7%	-15.1%	32.7%	36.9%	38.2%	23.3%	5.8%	5.82%
Op. Income	5.2%	2.0%	-32.4%	-39.8%	-32.7%	-37.6%	-35.2%	10.8%	14.3%	60.8%	86.9%	16.6%	4.6%	-0.7%	-15.1%	32.7%	36.9%	38.2%	24.3%	5.9%	5.91%
OCF Growth	snapshot only																				2.22%
Asset Growth	snapshot only																				-9.71%
Equity Growth	snapshot only																				-7.27%
Debt Growth	snapshot only																				-11.50%
Shares Change	snapshot only																				-2.40%
Dividend Growth	snapshot only																				-23.18%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	50.9%	47.8%	45.7%	37.4%	1.2%	62.7%	—	—	44.5%	38.5%	1.6%	2.1%	4.6%	12.4%	16.0%	30.3%	27.3%	30.5%	30.3%	21.4%	21.41%
Revenue 5Y	29.8%	28.3%	25.0%	20.1%	22.3%	20.3%	20.7%	25.3%	28.8%	32.2%	34.8%	31.7%	72.8%	49.7%	—	—	37.2%	30.9%	7.7%	10.4%	10.38%
EPS 3Y	15.8%	11.4%	10.9%	3.7%	—	1.1%	—	—	66.7%	43.9%	-7.3%	-13.4%	-19.9%	-13.6%	-12.7%	3.5%	16.4%	22.7%	7.4%	-16.6%	-16.62%
EPS 5Y	10.4%	8.2%	4.5%	-0.7%	-7.3%	-13.7%	-15.4%	-8.1%	3.2%	6.7%	10.5%	4.2%	—	73.0%	—	—	34.0%	15.4%	-20.9%	-23.6%	-23.57%
Net Income 3Y	60.7%	57.5%	56.8%	44.9%	—	1.3%	—	—	67.7%	44.5%	-6.6%	-8.3%	-7.0%	0.0%	1.2%	20.1%	34.9%	41.8%	24.0%	-3.9%	-3.87%
Net Income 5Y	37.5%	35.5%	30.9%	23.4%	13.3%	6.5%	4.4%	13.3%	25.8%	31.3%	36.0%	31.5%	—	98.5%	—	—	47.0%	26.5%	-13.5%	-16.6%	-16.59%
EBITDA 3Y	60.8%	57.7%	57.0%	45.3%	—	1.7%	—	—	68.4%	44.9%	-6.4%	-8.1%	-7.0%	-0.1%	1.0%	19.7%	17.9%	30.2%	25.1%	17.9%	17.85%
EBITDA 5Y	34.4%	32.5%	28.2%	21.0%	22.8%	18.0%	16.3%	22.3%	26.2%	31.5%	36.2%	31.7%	—	98.5%	—	—	46.9%	33.1%	-3.0%	1.8%	1.76%
Gross Profit 3Y	58.8%	55.8%	54.6%	43.3%	—	1.4%	—	—	61.4%	41.9%	-6.2%	-9.0%	-8.3%	-1.5%	0.8%	20.6%	14.0%	23.9%	29.3%	22.2%	22.22%
Gross Profit 5Y	30.7%	28.9%	24.9%	18.1%	22.7%	18.8%	17.7%	22.6%	26.2%	31.3%	35.3%	29.9%	—	78.2%	—	—	43.6%	31.6%	3.0%	7.1%	7.10%
Op. Income 3Y	60.8%	57.7%	57.0%	45.3%	—	1.7%	—	—	68.4%	44.9%	-6.4%	-8.1%	-7.0%	-0.1%	1.0%	19.7%	17.9%	30.2%	25.4%	17.9%	17.88%
Op. Income 5Y	34.4%	32.5%	28.2%	21.0%	21.6%	16.9%	15.3%	21.2%	26.2%	31.5%	36.2%	31.7%	—	98.5%	—	—	46.9%	33.1%	-2.9%	1.8%	1.77%
FCF 3Y	—	—	—	—	—	—	—	83.0%	1.3%	31.5%	20.1%	49.3%	—	—	—	—	—	—	78.3%	34.5%	34.53%
FCF 5Y	—	—	—	—	—	—	-3.1%	25.3%	—	—	—	—	—	—	—	—	—	28.6%	5.0%	31.0%	31.05%
OCF 3Y	—	—	—	—	—	—	—	83.0%	1.3%	31.5%	20.1%	49.3%	—	—	—	—	—	—	78.3%	34.5%	34.53%
OCF 5Y	—	—	—	—	—	—	-3.1%	25.3%	—	—	—	—	—	—	—	—	—	28.6%	5.0%	31.0%	31.05%
Assets 3Y	41.2%	40.4%	40.2%	41.4%	8.9%	7.2%	9.3%	9.3%	8.9%	5.9%	8.9%	21.7%	19.0%	18.0%	16.7%	17.0%	16.5%	16.2%	14.6%	13.3%	13.28%
Assets 5Y	24.1%	25.3%	25.8%	25.5%	26.5%	25.7%	25.6%	25.0%	25.6%	23.6%	23.8%	32.9%	14.7%	14.4%	15.5%	16.0%	15.1%	13.1%	13.1%	12.2%	12.16%
Equity 3Y	38.7%	39.3%	39.5%	38.8%	4.6%	4.1%	8.6%	2.3%	2.1%	1.6%	1.2%	16.8%	15.8%	15.5%	15.5%	15.6%	16.1%	15.9%	14.4%	13.8%	13.77%
Book Value 3Y	-0.1%	-1.5%	-1.3%	-0.7%	-20.0%	-4.3%	1.2%	-1.2%	1.5%	1.2%	0.6%	10.2%	-0.2%	-0.3%	-0.4%	-0.4%	0.2%	0.3%	-0.9%	-1.3%	-1.31%
Dividend 3Y	-27.5%	-26.8%	-27.1%	-26.1%	-20.7%	-3.9%	-2.1%	1.6%	6.6%	7.0%	8.9%	7.0%	4.2%	6.8%	5.6%	1.8%	-11.2%	-16.7%	-19.8%	-21.2%	-21.20%

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.36	0.49	0.23	0.29	0.53	0.60	0.27	0.44	0.73	0.83	0.50	0.67	0.77	0.89	0.89	0.98	0.96	0.97	0.43	0.69	0.695
Earnings Stability	0.26	0.38	0.17	0.20	0.27	0.25	0.11	0.19	0.45	0.51	0.25	0.30	0.53	0.60	0.25	0.40	0.46	0.45	0.16	0.07	0.072
Margin Stability	0.00	0.62	0.89	0.88	0.00	0.62	0.92	0.92	0.79	0.90	0.89	0.87	0.00	0.62	0.83	0.88	0.79	0.89	0.83	0.84	0.843
Rev. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	1.00	1.00	1.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	1	1	1	0	0	0	0	0	0	0	0
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.90	0.50	0.50	0.50	0.50	0.98	1.00	0.94	0.86	0.85	0.97	0.88	0.50	0.500
Earnings Smoothness	0.00	0.00	0.61	0.50	0.24	0.09	0.10	0.73	0.49	0.09	0.00	0.48	0.94	1.00	0.85	0.71	0.68	0.93	0.64	0.12	0.124
ROE Trend	0.12	0.10	0.08	0.04	-0.02	-0.03	-0.10	-0.05	0.01	0.04	0.06	-0.01	-0.01	-0.01	-0.01	0.03	0.01	-0.01	-0.05	-0.04	-0.042
Gross Margin Trend	0.81	0.39	—	—	0.17	0.03	-0.12	-0.08	-0.18	-0.11	-0.07	-0.12	-0.17	-0.16	-0.17	-0.08	-0.02	0.03	0.09	0.14	0.143
FCF Margin Trend	0.52	-0.42	—	—	-1.54	-0.53	0.93	2.10	1.45	1.34	1.74	2.52	1.12	-0.38	-0.75	-1.88	-0.75	0.54	0.16	0.76	0.764
Sustainable Growth Rate	8.1%	6.5%	5.4%	2.6%	-0.1%	-1.9%	-2.4%	-0.4%	2.6%	4.1%	4.7%	0.8%	-2.0%	-2.4%	-3.5%	-1.1%	0.2%	-0.3%	-3.1%	-4.4%	-4.37%
Internal Growth Rate	4.4%	3.3%	2.8%	1.3%	—	—	—	—	1.2%	1.9%	2.1%	0.4%	—	—	—	—	0.1%	—	—	—	—

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	-0.90	-1.05	-2.58	-4.43	-2.71	-1.57	0.51	1.76	0.76	0.99	1.24	2.17	1.26	-0.63	-0.50	-1.54	-0.30	1.43	1.53	4.82	4.816
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF/Net Income	snapshot only																				4.816
OCF/EBITDA	snapshot only																				1.782
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
CapEx/Depreciation	snapshot only																				0.000
Accruals Ratio	0.13	0.12	0.20	0.23	0.11	0.05	0.01	-0.02	0.01	0.00	-0.01	-0.05	-0.01	0.07	0.06	0.11	0.06	-0.02	-0.01	-0.06	-0.064
Sloan Accruals	snapshot only																				-0.014
Cash Flow Adequacy	snapshot only																				2.244
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	8.1%	8.3%	8.4%	10.0%	10.5%	10.2%	10.0%	10.2%	9.9%	10.0%	9.6%	9.6%	9.7%	10.7%	11.1%	11.3%	10.4%	9.6%	9.8%	9.4%	11.16%
Dividend/Share	$0.82	$0.84	$0.86	$0.88	$0.91	$0.96	$1.00	$1.03	$1.12	$1.20	$1.31	$1.28	$1.28	$1.46	$1.55	$1.57	$1.38	$1.31	$1.25	$1.21	$1.38
Payout Ratio	40.9%	46.5%	51.5%	69.5%	1.0%	1.4%	1.6%	1.1%	74.0%	66.0%	65.2%	91.1%	1.2%	1.3%	1.4%	1.1%	97.8%	1.0%	1.6%	2.1%	2.15%
FCF Payout Ratio	—	—	—	—	—	—	3.1%	60.5%	98.0%	66.6%	52.7%	42.0%	98.3%	—	—	—	—	72.8%	1.0%	44.6%	44.57%
Total Payout Ratio	45.2%	46.5%	56.3%	81.2%	1.2%	1.8%	2.1%	1.4%	98.7%	83.7%	74.6%	95.9%	1.3%	1.3%	1.4%	1.3%	1.2%	1.4%	2.4%	3.2%	3.15%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0
Chowder Number	0.10	0.19	0.18	0.20	0.22	0.25	0.26	0.27	0.33	0.34	0.41	0.55	0.86	1.00	0.95	0.76	0.19	-0.01	-0.11	-0.16	-0.156
Buyback Yield	0.9%	0.0%	0.8%	1.7%	2.5%	2.8%	3.2%	3.6%	3.3%	2.7%	1.4%	0.5%	0.1%	0.1%	0.1%	1.6%	2.2%	3.7%	5.2%	4.4%	4.39%
Net Buyback Yield	0.9%	0.0%	0.8%	1.7%	2.5%	2.8%	3.2%	3.6%	3.3%	2.7%	1.4%	0.5%	0.1%	0.1%	0.1%	1.6%	2.2%	3.7%	5.2%	4.4%	4.39%
Total Shareholder Return	9.0%	8.3%	9.2%	11.7%	13.0%	13.0%	13.3%	13.7%	13.2%	12.7%	11.0%	10.1%	9.8%	10.9%	11.2%	13.0%	12.6%	13.3%	15.0%	13.8%	13.78%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	0.99	0.98	0.97	0.99	0.99	0.99	0.99	0.99	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.001
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	0.67	0.61	0.60	0.69	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.77	0.56	0.37	0.372
EBIT Margin	0.82	0.80	0.79	0.72	0.69	0.61	0.57	0.61	0.61	0.64	0.66	0.61	0.58	0.56	0.52	0.56	0.55	0.61	0.50	0.55	0.550
Asset Turnover	0.09	0.08	0.07	0.06	0.06	0.06	0.06	0.07	0.07	0.09	0.09	0.07	0.07	0.07	0.08	0.08	0.08	0.08	0.08	0.08	0.081
Equity Multiplier	1.93	2.04	2.00	2.04	2.12	2.18	2.20	2.25	2.24	2.24	2.28	2.16	2.20	2.23	2.24	2.20	2.21	2.26	2.24	2.28	2.283

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$2.01	$1.82	$1.66	$1.27	$0.90	$0.68	$0.63	$0.97	$1.52	$1.82	$2.02	$1.40	$1.04	$1.17	$1.11	$1.41	$1.42	$1.25	$0.78	$0.56	$0.56
Book Value/Share	$15.27	$15.33	$15.35	$15.14	$14.89	$14.71	$14.67	$14.80	$14.96	$15.11	$15.20	$20.27	$15.18	$15.20	$15.17	$14.97	$14.97	$14.83	$14.27	$14.23	$14.23
Tangible Book/Share	$15.27	$15.33	$15.35	$15.14	$14.89	$14.71	$14.67	$14.80	$14.96	$15.11	$15.20	$20.27	$15.18	$15.20	$15.17	$14.97	$14.97	$14.83	$14.27	$14.23	$14.23
Revenue/Share	$2.45	$2.28	$2.13	$1.78	$1.95	$1.84	$1.91	$2.35	$2.51	$2.85	$3.06	$2.32	$1.80	$2.08	$2.13	$2.53	$2.59	$2.65	$2.75	$2.75	$2.75
FCF/Share	$-1.81	$-1.90	$-4.29	$-5.63	$-2.44	$-1.06	$0.32	$1.71	$1.15	$1.80	$2.49	$3.04	$1.30	$-0.74	$-0.56	$-2.17	$-0.43	$1.79	$1.19	$2.71	$2.71
OCF/Share	$-1.81	$-1.90	$-4.29	$-5.63	$-2.44	$-1.06	$0.32	$1.71	$1.15	$1.80	$2.49	$3.04	$1.30	$-0.74	$-0.56	$-2.17	$-0.43	$1.79	$1.19	$2.71	$2.71
Cash/Share	$1.07	$1.07	$0.80	$0.50	$0.73	$0.60	$0.51	$0.54	$0.41	$0.45	$1.76	$0.74	$0.50	$0.42	$0.44	$0.37	$0.09	$0.22	$0.49	$0.05	$0.05
EBITDA/Share	$2.01	$1.82	$1.67	$1.28	$1.34	$1.13	$1.08	$1.42	$1.54	$1.83	$2.03	$1.41	$1.04	$1.17	$1.10	$1.40	$1.41	$1.62	$1.38	$1.52	$1.52
Debt/Share	$15.08	$16.64	$17.32	$18.35	$18.00	$18.05	$18.13	$18.54	$18.30	$18.07	$19.15	$21.58	$17.39	$18.50	$18.04	$19.21	$18.42	$18.50	$17.90	$17.42	$17.42
Net Debt/Share	$14.01	$15.57	$16.53	$17.85	$17.28	$17.44	$17.62	$18.00	$17.89	$17.62	$17.38	$20.84	$16.90	$18.08	$17.60	$18.84	$18.34	$18.28	$17.41	$17.37	$17.37

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.640
Altman Z-Prime	snapshot only																				1.012
Piotroski F-Score	3	4	1	1	2	1	4	6	6	7	8	5	4	1	2	4	5	7	6	7	7
Beneish M-Score	-1.68	-1.50	-1.27	-0.08	-3.38	-1.71	-1.94	-1.54	-0.70	-1.75	-1.72	22.50	-2.05	-1.62	-2.04	-1.42	-2.32	-2.70	-2.54	-3.03	-3.031
Ohlson O-Score	snapshot only																				-7.315
ROIC (Greenblatt)	snapshot only																				9.75%
Net-Net WC	snapshot only																				$-17.32
EVA	snapshot only																				$-425833054.67

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				B
Credit Score	40.52	34.26	34.92	31.36	32.46	29.62	32.10	32.53	33.41	34.74	36.95	33.35	30.79	26.46	27.58	25.53	27.06	32.66	16.62	28.52	28.517
Credit Grade	snapshot only																				15
Credit Trend	snapshot only																				2.990
Implied Spread (bps)	snapshot only																				750.000
Industry Credit Rank	snapshot only																				18
Sector Credit Rank	snapshot only																				11

GBDC NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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