FS KKR Capital Corp.(FSK)Earnings, Financials & Key Ratios

FSK•NYSE

$10.64

270.7× P/E·Price updated Jul 2, 2026

SectorFinancial Services IndustryAsset Management Sub-IndustryPrivate credit and BDC lenders

AboutFS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It focus on providing customized one-stop credit solutions to private upper middle market companies with annual EBITDA of $50 million to $100 million at the time of investment. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.Show more

EBITDA$758M+24.7%
Net Income$11M-98.1%
EPS (Diluted)0.04-98.1%
Gross Margin69.6%+16.3%
EBITDA Margin64.73%+18.2%
Operating Margin49.53%-9.6%
Net Margin0.94%-98.2%
ROE0.18%-98.0%

FSK Price & Volume

FS KKR Capital Corp. (FSK) stock price & volume — 10-year historical chart

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Persistent Margin Volatility Masks Structural Solvency Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Strained

Financial:Vulnerable

Cash Flow:Deteriorating

Primary Risk:Portfolio credit quality deterioration

Key Thesis Takeaways

FSK faces significant fundamental headwinds characterized by extreme earnings volatility and a shrinking asset base that has contracted from $15.5 billion in 2023Q4 to $12.8 billion in 2026Q1.
The firm's reliance on dividend distributions despite negative operating cash flow, such as the $392 million payout in 2025Q4, raises concerns regarding long-term capital sustainability.
Investors should remain cautious as the firm struggles to maintain profitability, evidenced by a $441 million net loss in 2026Q1 and a deepening retained earnings deficit of $3.9 billion.

Verdict Logic

Negative: The firm's dividend yield of 26.9% appears unsustainable given the recent $441 million net loss and the consistent erosion of the asset base over the last ten quarters.

FSK Growth Metrics

FS KKR Capital Corp. (FSK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years24.33%

5 Years-

3 Years36.25%

TTM-

Profit CAGR

10 Years-11.75%

5 Years-

3 Years-50.74%

TTM-203.38%

EPS CAGR

10 Years-24.35%

5 Years-

3 Years-50.29%

TTM-204.23%

Return on Capital

10 Years5.1%

5 Years5.26%

3 Years4.32%

Last Year4.15%

FSK Recent Earnings

FS KKR Capital Corp. (FSK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (42%)●Beat Revenue 2/12 qtrs (17%)

Q2 2026Latest

May 11, 2026

Metric

Actual

Est

EPS

$0.41-6.8%

$0.44

Rev

$304M-4.0%

$317M

Q1 2026

Feb 25, 2026

Metric

Actual

Est

EPS

$0.52-5.5%

$0.55

Rev

$348M-3.8%

$362M

Q4 2025

Nov 5, 2025

Metric

Actual

Est

EPS

$0.57+0.0%

$0.57

Rev

$344M-4.9%

$362M

Q3 2025

Aug 6, 2025

Metric

Actual

Est

EPS

$0.60-195.2%

$0.63

Rev

$260M-35.3%

$402M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 11, 2026	$0.41vs $0.44-6.8%	$304Mvs $317M-4.0%
Q1 2026	Feb 25, 2026	$0.52vs $0.55-5.5%	$348Mvs $362M-3.8%
Q4 2025	Nov 5, 2025	$0.57vs $0.57+0.0%	$344Mvs $362M-4.9%
Q3 2025	Aug 6, 2025	$0.60vs $0.63-195.2%	$260Mvs $402M-35.3%

Based on last 12 quarters of dataView full earnings history →

Latest FSK News

Recent stock market news and headlines for FS KKR Capital Corp. (FSK)

PRNewsWire·Jun 29, 2026

FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSK

LOS ANGELES, June 29, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK" or "the Company") (NYSE: FSK) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of FSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.

Peers Comparison

Key metrics vs top competitors for FS KKR Capital Corp. (FSK)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
FSKFS KKR Capital Corp.Current	$10.64	$2.98B	270.74	5.5%	0.94%	0.18%	26.31%
ARCCAres Capital Corporation	$18.66	$13.4B	10.03	32.87%	43.69%	8.11%	—
GBDCGolub Capital BDC, Inc.	$12.84	$3.34B	9.04	42.5%	26.91%	5.24%	—
OBDCBlue Owl Capital Corporation	$10.80	$5.36B	8.71	52.55%	27.51%	4.83%	—
TPVGTriplePoint Venture Growth BDC Corp.	$5.07	$205.84M	4.16	36.55%	-19.55%	-3.39%	—
PSECProspect Capital Corporation	$2.32	$1.16B	-1.72	-159.23%	-38%	-1.12%	—

Compare FSK vs Peers

FS KKR Capital Corp. (FSK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for FSK.

Scale Benchmark

vs BX

Larger-name benchmark to compare FSK against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, GBDC, OBDC, TPVG

FSK SEC Filings & Documents

FS KKR Capital Corp. (FSK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 18, 2026·SEC

Material company update

May 12, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 11, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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FSK Frequently Asked Questions

FS KKR Capital Corp. (FSK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is FS KKR Capital Corp.'s revenue?

FS KKR Capital Corp. (FSK) reported $599.0M in revenue for fiscal year 2025.

How fast is FS KKR Capital Corp. growing?

FS KKR Capital Corp. (FSK) grew revenue by 5.5% over the past year. This is steady growth.

Is FSK profitable?

FS KKR Capital Corp. (FSK) reported a net loss of $550.0M for fiscal year 2025.

Dividend & Returns

Does FSK pay dividends?

Yes, FS KKR Capital Corp. (FSK) pays a dividend with a yield of 26.31%. This makes it attractive for income-focused investors.

What is FSK's return on equity?

FS KKR Capital Corp. (FSK) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

What is FS KKR Capital Corp.'s free cash flow?

FS KKR Capital Corp. (FSK) generated $409.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FSK back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 11, 2026

$0.41vs $0.44-6.8%

$304Mvs $317M-4.0%

Q1 2026

Feb 25, 2026

$0.52vs $0.55-5.5%

$348Mvs $362M-3.8%

Q4 2025

Nov 5, 2025

$0.57vs $0.57+0.0%

$344Mvs $362M-4.9%

Q3 2025

Aug 6, 2025

$0.60vs $0.63-195.2%

$260Mvs $402M-35.3%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

FSKFS KKR Capital Corp.Current

$10.64

$2.98B

270.74

5.5%

0.94%

0.18%

26.31%

ARCCAres Capital Corporation

$18.66

$13.4B

10.03

32.87%

43.69%

8.11%

—

GBDCGolub Capital BDC, Inc.

$12.84

$3.34B

9.04

42.5%

26.91%

5.24%

—

OBDCBlue Owl Capital Corporation

$10.80

$5.36B

8.71

52.55%

27.51%

4.83%

—

TPVGTriplePoint Venture Growth BDC Corp.

$5.07

$205.84M

4.16

36.55%

-19.55%

-3.39%

—

PSECProspect Capital Corporation

$2.32

$1.16B

-1.72

-159.23%

-38%

-1.12%

—