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May 11, 2026·SEC
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Kayne Anderson BDC, Inc.(KBDC)Earnings, Financials & Key Ratios
KBDC•NYSE
$13.68
10.3× P/E·Price updated Jul 2, 2026
AboutKayne Anderson BDC, Inc invests in middle market companies located in the United States with an EBITDA of USD 10 - 150 million. The fund focuses on a broad range of sectors and industries. It provides financing in the form of senior secured loans and split-lien loans to buyout transactions.Show more
- EBITDA$172M+29.5%
- Net Income$94M-29.0%
- EPS (Diluted)1.33-35.7%
- Gross Margin84.29%+23.7%
- EBITDA Margin72.82%-0.3%
- Operating Margin72.82%-0.3%
- Net Margin39.74%-45.3%
- ROE8.16%-42.2%
KBDC Price & Volume
Kayne Anderson BDC, Inc. (KBDC) stock price & volume — 10-year historical chart
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Earnings Volatility Masks Underlying Asset Scaling Trends
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Portfolio fair value volatility
Key Thesis Takeaways
- Kayne Anderson BDC, Inc.
- demonstrates a consistent asset growth trajectory, expanding its total assets from $1.4 billion in 2023Q4 to $2.3 billion by 2026Q1, while maintaining a conservative debt-to-equity ratio of 1.01.
- However, investors should remain cautious as net margins have contracted from 78.3% in 2024Q3 to 37.4% in 2026Q1, reflecting significant sensitivity to non-operating items and fair value adjustments.
- The firm's aggressive capital allocation strategy, evidenced by $27.2 million in dividends paid during 2026Q1, warrants further investigation into the long-term sustainability of distributions given the erratic nature of its free cash flow.
Verdict Logic
while the firm has successfully scaled its asset base to $2.3 billion, the 12.7% dividend yield is currently supported by inconsistent cash flows and declining net margins, which dropped to 37.4% in 2026Q1.
KBDC Growth Metrics
Kayne Anderson BDC, Inc. (KBDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years50.94%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years26.98%
TTM-29.8%
EPS CAGR
10 Years-
5 Years-
3 Years23.86%
TTM-31.55%
Return on Capital
10 Years6.13%
5 Years6.13%
3 Years7.21%
Last Year7.98%
KBDC Recent Earnings
Kayne Anderson BDC, Inc. (KBDC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (50%)●Beat Revenue 2/12 qtrs (25%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.43+4.9%
$0.41
Rev
$57M+9.4%
$52M
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$0.44+7.3%
$0.41
Rev
$62M+9.6%
$56M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.43+7.5%
$0.40
Rev
$46M-14.1%
$54M
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.40-2.4%
$0.41
Rev
$44M-11.0%
$49M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.43vs $0.41+4.9% | $57Mvs $52M+9.4% |
| Q2 2026 | Mar 2, 2026 | $0.44vs $0.41+7.3% | $62Mvs $56M+9.6% |
| Q4 2025 | Nov 10, 2025 | $0.43vs $0.40+7.5% | $46Mvs $54M-14.1% |
| Q3 2025 | Aug 11, 2025 | $0.40vs $0.41-2.4% | $44Mvs $49M-11.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Kayne Anderson BDC, Inc. (KBDC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.68 | $907.67M | 10.29 | 29.89% | 39.74% | 8.16% | 12.83% | |
| $18.66 | $13.4B | 10.03 | 32.87% | 43.69% | 8.11% | — | |
| $12.84 | $3.34B | 9.04 | 42.5% | 26.91% | 5.24% | — | |
| $10.80 | $5.36B | 8.71 | 52.55% | 27.51% | 4.83% | — | |
| $5.00 | $1.01B | 6.58 | -18.64% | — | — | — | |
| $5.07 | $205.84M | 4.16 | 36.55% | -19.55% | -3.39% | — |
Compare KBDC vs Peers
Kayne Anderson BDC, Inc. (KBDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KBDC SEC Filings & Documents
Kayne Anderson BDC, Inc. (KBDC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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KBDC Frequently Asked Questions
Kayne Anderson BDC, Inc. (KBDC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Kayne Anderson BDC, Inc.'s revenue?
Kayne Anderson BDC, Inc. (KBDC) reported $197.7M in revenue for fiscal year 2025.
How fast is Kayne Anderson BDC, Inc. growing?
Kayne Anderson BDC, Inc. (KBDC) grew revenue by 29.9% over the past year. This is strong growth.
Is KBDC profitable?
Yes, Kayne Anderson BDC, Inc. (KBDC) is profitable, generating $88.7M in net income for fiscal year 2025 (39.7% net margin).
Dividend & Returns
Does KBDC pay dividends?
Yes, Kayne Anderson BDC, Inc. (KBDC) pays a dividend with a yield of 12.83%. This makes it attractive for income-focused investors.
What is KBDC's return on equity?
Kayne Anderson BDC, Inc. (KBDC) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.
What is Kayne Anderson BDC, Inc.'s free cash flow?
Kayne Anderson BDC, Inc. (KBDC) generated $68.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.