GLAD Stock Analysis: Gladstone Capital | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 436m USD | 12M Return: -4.5% | US3765358789 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.00M
EPS Trend: -20.0%
Qual. Beats: 0
Rev. Trend: -23.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Gladstone Capital Corporation (GLAD) is a NASDAQ-listed Business Development Company (BDC) that provides debt and equity financing to lower middle-market companies in the United States. BDCs are regulated under the Investment Company Act of 1940 and are required to distribute most of their taxable income to shareholders, which typically results in dividend-oriented capital structures. The firm focuses on senior secured loans, unitranche, mezzanine, and subordinated debt, alongside minority equity investments, targeting companies with $20–$150 million in sales and EBITDA of $3–$25 million, with individual debt investments ranging from $8 million to $40 million.
GLAD invests across a diversified set of industries, including business services, light and specialty manufacturing, niche industrials, consumer products, energy services, transportation and logistics, healthcare, education, specialty chemicals, media and communications, and aerospace and defense. The fund typically structures its deals as growth capital, add-on acquisitions, change-of-control transactions, buy-and-build platforms, and debt refinancings, preferring minority equity positions. Realizations are generally pursued through strategic sales, financial-buyer acquisitions, or public-market transactions.
- Net interest margin pressure as Fed cuts rates
- Non-accruals rise on weakening lower middle market borrowers
- New loan origination pace drives net investment income growth
| Net Income: 50.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.16 > 0.02 and ΔFCF/TA -25.43 > 1.0 |
| NWC/Revenue: -8.23% < 20% (prev 7.03%; Δ -15.27% < -1%) |
| CFO/TA -0.16 > 3% & CFO -150.8m > Net Income 50.3m |
| Net Debt (427.5m) to EBITDA (98.7m): 4.33 < 3 |
| Current Ratio: 0.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.4m) vs 12m ago 27.03% < -2% |
| Gross Margin: 68.66% > 18% (prev 79.47%; Δ -10.81% > 0.5%) |
| Asset Turnover: 9.05% > 50% (prev 12.27%; Δ -3.22% > 0%) |
| Interest Coverage Ratio: 2.30 > 6 (EBIT TTM 56.8m / Interest Expense TTM 24.7m) |
| A: -0.01 (Total Current Assets 2.35m - Total Current Liabilities 8.87m) / Total Assets 970.1m |
| B: -0.02 (Retained Earnings -16.0m / Total Assets 970.1m) |
| C: 0.06 (EBIT TTM 56.8m / Avg Total Assets 875.2m) |
| D: 1.21 (Book Value of Equity 530.7m / Total Liabilities 438.8m) |
| Altman-Z'' = 1.61 = BB |
As of September 27, 2026, the stock is trading at USD 19.36 with a total of 100,837 shares traded. Over the past week, the price has changed by +1.04%, over one month by -0.75%, over three months by +6.74% and over the past year by -4.48%.
Current recommended Stop Loss: 18.60 (which is 3.9% or 2.3 ATR below the current price).
Gladstone Capital has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold GLAD.
- StrongBuy: 1
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22 | 13.6% |
P/E Trailing = 9.0563
P/E Forward = 10.7181
P/S = 4.4052
P/B = 0.8975
P/EG = 2.3116
Revenue TTM = 79.2m USD
EBIT TTM = 56.8m USD
EBITDA TTM = 98.7m USD
Long Term Debt = 177.5m USD (estimated: total debt 429.9m - short term 252.4m)
Short Term Debt = 252.4m USD (from shortTermDebt, last quarter)
Debt = 429.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 427.5m USD (calculated: Debt 429.9m - CCE 2.35m)
Enterprise Value = 863.4m USD (435.8m + Debt 429.9m - CCE 2.35m)
Interest Coverage Ratio = 2.30 (Ebit TTM 56.8m / Interest Expense TTM 24.7m)
EV/FCF = -5.73x (Enterprise Value 863.4m / FCF TTM -150.8m)
FCF Yield = -17.46% (FCF TTM -150.8m / Enterprise Value 863.4m)
FCF Margin = -190.3% (FCF TTM -150.8m / Revenue TTM 79.2m)
Net Margin = 63.44% (Net Income TTM 50.3m / Revenue TTM 79.2m)
Gross Margin = 68.66% ((Revenue TTM 79.2m - Cost of Revenue TTM 24.8m) / Revenue TTM)
Gross Margin QoQ = 68.95% (prev 73.78%)
Tobins Q-Ratio = 0.89 (Enterprise Value 863.4m / Total Assets 970.1m)
Interest Expense / Debt = 5.74% (Interest Expense 24.7m / Debt 429.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 44.8m (EBIT 56.8m * (1 - 21.00%))
Current Ratio = 0.26 (Total Current Assets 2.35m / Total Current Liabilities 8.87m)
Debt / Equity = 0.81 (Debt 429.9m / totalStockholderEquity, last quarter 530.7m)
Debt / EBITDA = 4.33 (Net Debt 427.5m / EBITDA 98.7m)
Debt / FCF = -2.84 (negative FCF - burning cash) (Net Debt 427.5m / FCF TTM -150.8m)
Total Stockholder Equity = 493.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.74% (Net Income 50.3m / Total Assets 970.1m)
RoE = 10.19% (Net Income TTM 50.3m / Total Stockholder Equity 493.2m)
RoCE = 8.46% (EBIT 56.8m / Capital Employed (Equity 493.2m + L.T.Debt 177.5m))
RoIC = 3.70% (NOPAT 44.8m / Invested Capital 1.21b)
WACC = 6.13% (E(435.8m)/V(865.7m) * Re(7.70%) + D(429.9m)/V(865.7m) * Rd(5.74%) * (1-Tc(0.21)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.79 | Cagr: 12.52%
[DCF] Fair Price = unknown (Cash Flow -150.8m)
EPS Correlation: -20.00 | EPS CAGR: -1.32% | SUE: 0.0 | # QB: 0
Revenue Correlation: -23.20 | Revenue CAGR: -6.04% | SUE: -0.18 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.48 | Chg30d=-2.82% | Revisions=-17% | Analysts=5
EPS current Year (2026-09-30): EPS=1.97 | Chg30d=+2.57% | Revisions=+17% | GrowthEPS=-2.4% | GrowthRev=+13.0%
EPS next Year (2027-09-30): EPS=1.97 | Chg30d=-0.61% | Revisions=+12% | GrowthEPS=-0.1% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: +7% (up=6, down=5)