MARKETS / NYSE / BBDC
NYSE · LARGE CAP

Barings Bdc, Inc. BBDC

6 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$1.12
Dividend / sh · FY25
$1.19
Payout · FY25
123%
ROE · FY25
8.7%
Net margin · FY25
Dividend coverage
0.9×
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Result
Revenue, FY2025 · full 6-year series below
Revenue Net income
2.5e-105e-107.5e-101e-090.1202020232025
2.5e-105e-107.5e-101e-090.1202020232025

Per share
USD 1.12
Diluted EPS, FY2025
EPS Dividend
0.511.51.191.12202020232025
0.511.51.191.12202020232025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
8.7%
Return on equity, FY2025
ROE
48128.7%202020232025
48128.7%202020232025
Operating margin
Net margin
Return on assets3.8%

Each USD of equity produced 9 cents of profit this year.

Returned to shareholders
USD 131.6M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 125.2M
Net buybacksUSD 6.3M
Share of profit129.1%
Consecutive raises3 years

USD 125.2M in dividends and USD 6.3M in buybacks — 129% of the year's profit, so the payout drew on cash built up earlier.

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Net income
+179.2%
+65.6%
EPS, diluted
+0.0%
Dividend / share
+7.8%
Returned to shareholders
+1.5%
+27.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.070.10202020232025
0.070.10202020232025
Change, 5 years+61.7%
Change, 10 years

The share count grew 62% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 2.6B
total assets, end of FY2025
Total assetsUSD 2.6B
EquityUSD 1.2B
CashUSD 66.8M
Gross debtUSD 1.2B
Net debtUSD 1.1B

Net debt stands at 98% of equity.

History
6 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
Revenue $B
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
Net income $B
0.1
0.1
0.1
0.0
0.1
0.0
EPS, diluted $
1.12
1.24
1.20
1.12
0.90
0.64
Dividend / sh $
1.19
1.04
1.02
0.95
0.82
0.65
Payout %
123
100
85
2002
69
383
ROE %
8.7
9.2
10.7
0.5
10.6
1.3
Shares out B
0.10
0.11
0.11
0.11
0.07
0.07

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
6 of 11
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 4 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed