Reading the tape
NASDAQ: FDUS
Fidus Investment Corporation
Financial Services · Asset Management
Market Cap
$727.96M
52w High
$22.09
52w Low
$16.87
P/E
8.60
Volume
138.99K
Outstanding Shares
37.95M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 1.86%Revenue (TTM): 19.8%FCF (TTM): -326.93%P/E: 51st pct
What changed
The stock rose 1.86% over the last year. Revenue grew 19.8% over the trailing twelve months. Operating margin moved from 72.32% to 72.24%. Free cash flow declined 326.93% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 72.24%. A decisive move in revenue — currently up 19.8% — would be the clearest signal to resolve the ambiguity.
Company profile
Fidus Investment Corporation is a business development company.
CEOEdward H. Ross
SectorFinancial Services
IndustryAsset Management
Employees—
IPO dateJun 21, 2011
Valuation
Forward P/E—
EV/EBITDA7.03
Enterprise value$845.51M
Price / Book0.98
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth49.48%
Gross margin84.9%▼9.69%vs FY2024
Operating margin72.24%▲5.23%vs FY2024
ROE11.11%▼6.98%vs FY2024
Analyst consensus
RatingBuy
Target price—
6
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.50 · Revenue est $42.3M
View
Dividends
$2.13/shareQuarterlyAt RiskFDUS pays a dividend with a 11.11% dividend yield, growing at 10.08% annually, covered -1.9× by free cash flow.
Dividend Yield
11.11%
Annual Div / Share
$2.13
5yr CAGR
+10.08%
Doubles every ~7.2yr
Payout Ratio
91.59%
At Risk
Dividend Growth Rate
3yr CAGR
+2.44%
5yr CAGR
+10.08%
10yr CAGR
+3.13%
Dividend Safety
1/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$2.15-11.2%
2024$2.42-16.0%
2023$2.88+44.0%
2022$2.00+25.0%
2021$1.60+20.3%
2020$1.33-16.9%
2019$1.60+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$111/yr
$9/mo
In 5 yrs
$180/yr+62%
$15/mo
In 10 yrs
$290/yr+161%
$24/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$111/yr $9/mo | $180/yr+62% $15/mo | $290/yr+161% $24/mo |
Yield-on-cost grows from 11.11% → 29.02% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 10.08% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 91.59% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only -1.95× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.