NASDAQ: GLAD
Gladstone Capital Corporation
Financial Services · Asset Management
After hours: $19.73(0%) · as of 7:34 PM ET
Market Cap
$445.76M
52w High
$27.55
52w Low
$16.54
P/E
11.14
Volume
172.44K
Outstanding Shares
22.59M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 27.22% over the last year. Revenue declined 17.27% over the trailing twelve months. Operating margin moved from 79.12% to 71.66%. Free cash flow declined 255.24% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 71.66%. Revenue declined 17.27% — this read reverses if that trend stabilizes. Free cash flow fell 255.24% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Gladstone Capital Corporation functions as a Business Development Company (BDC) primarily focused on the lower middle market in the United States.
Valuation
Stock splits
Every 2 shares became 1
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.
Analyst consensus
2
Buy
8
Hold
4
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
Nov 16, 2026
Q4 FY26 · EPS est $0.48 · Revenue est $25.49M
View
Dividends
$1.80/shareMonthlyEx-div Aug 18, 2026 · in 10dStretchedGLAD pays a dividend with a 9.12% declared yield, growing at 2.9% annually, covered 0.8× by free cash flow.
Declared Yield
9.12%
Annual Div / Share
$1.80
5yr CAGR
+2.9%
Doubles every ~24.2yr
Payout Ratio
127.79%
Stretched
Dividend Growth Rate
3yr CAGR
+1.84%
5yr CAGR
+2.9%
10yr CAGR
+0.69%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$8/mo
In 5 yrs
$9/mo
In 10 yrs
$10/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$91/yr $8/mo | $105/yr+15% $9/mo | $121/yr+33% $10/mo |
Yield-on-cost grows from 9.12% → 12.15% over 10yr
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
High payout ratio
With 127.79% 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 0.79× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.