GLAD Stock Analysis: Gladstone Capital | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 439m USD | 12M Return: -23.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.16M
EPS Trend: -29.6%
Qual. Beats: 0
Rev. Trend: 9.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 43.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -21.14 > 1.0 |
| NWC/Revenue: -14.28% < 20% (prev -224.7%; Δ 210.4% < -1%) |
| CFO/TA -0.06 > 3% & CFO -53.6m > Net Income 43.9m |
| Net Debt (389.5m) to EBITDA (92.3m): 4.22 < 3 |
| Current Ratio: 0.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.4m) vs 12m ago 27.03% < -2% |
| Gross Margin: 67.65% > 18% (prev 81.09%; Δ -13.45% > 0.5%) |
| Asset Turnover: 8.29% > 50% (prev 14.10%; Δ -5.81% > 0%) |
| Interest Coverage Ratio: 2.23 > 6 (EBIT TTM 50.5m / Interest Expense TTM 22.7m) |
| A: -0.01 (Total Current Assets 3.39m - Total Current Liabilities 13.5m) / Total Assets 925.1m |
| B: -0.02 (Retained Earnings -19.1m / Total Assets 925.1m) |
| C: 0.06 (EBIT TTM 50.5m / Avg Total Assets 850.9m) |
| D: 1.09 (Book Value of Equity 482.6m / Total Liabilities 442.5m) |
| Altman-Z'' = 1.41 = BB |
As of July 08, 2026, the stock is trading at USD 19.36 with a total of 111,010 shares traded. Over the past week, the price has changed by -0.46%, over one month by +3.00%, over three months by +8.04% and over the past year by -23.40%.
Current recommended Stop Loss: 18.40 (which is 5% or 2.2 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 = 10.385
P/E Forward = 10.4932
P/S = 4.5658
P/B = 0.9091
P/EG = 2.3116
Revenue TTM = 70.5m USD
EBIT TTM = 50.5m USD
EBITDA TTM = 92.3m USD
Long Term Debt = 199.8m USD (estimated: total debt 392.9m - short term 193.1m)
Short Term Debt = 193.1m USD (from shortTermDebt, last quarter)
Debt = 392.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 389.5m USD (calculated: Debt 392.9m - CCE 3.39m)
Enterprise Value = 828.3m USD (438.8m + Debt 392.9m - CCE 3.39m)
Interest Coverage Ratio = 2.23 (Ebit TTM 50.5m / Interest Expense TTM 22.7m)
EV/FCF = -15.46x (Enterprise Value 828.3m / FCF TTM -53.6m)
FCF Yield = -6.47% (FCF TTM -53.6m / Enterprise Value 828.3m)
FCF Margin = -75.95% (FCF TTM -53.6m / Revenue TTM 70.5m)
Net Margin = 62.31% (Net Income TTM 43.9m / Revenue TTM 70.5m)
Gross Margin = 67.65% ((Revenue TTM 70.5m - Cost of Revenue TTM 22.8m) / Revenue TTM)
Gross Margin QoQ = 73.78% (prev 52.81%)
Tobins Q-Ratio = 0.90 (Enterprise Value 828.3m / Total Assets 925.1m)
Interest Expense / Debt = 5.77% (Interest Expense 22.7m / Debt 392.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 39.9m (EBIT 50.5m * (1 - 21.00%))
Current Ratio = 0.25 (Total Current Assets 3.39m / Total Current Liabilities 13.5m)
Debt / Equity = 0.81 (Debt 392.9m / totalStockholderEquity, last quarter 482.6m)
Debt / EBITDA = 4.22 (Net Debt 389.5m / EBITDA 92.3m)
Debt / FCF = -7.27 (negative FCF - burning cash) (Net Debt 389.5m / FCF TTM -53.6m)
Total Stockholder Equity = 479.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.16% (Net Income 43.9m / Total Assets 925.1m)
RoE = 9.17% (Net Income TTM 43.9m / Total Stockholder Equity 479.1m)
RoCE = 7.43% (EBIT 50.5m / Capital Employed (Equity 479.1m + L.T.Debt 199.8m))
RoIC = 3.62% (NOPAT 39.9m / Invested Capital 1.10b)
WACC = 6.32% (E(438.8m)/V(831.7m) * Re(7.89%) + D(392.9m)/V(831.7m) * Rd(5.77%) * (1-Tc(0.21)))
Discount Rate = 7.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.61 | Cagr: 12.52%
[DCF] Fair Price = unknown (Cash Flow -53.6m)
EPS Correlation: -29.64 | EPS CAGR: -1.97% | SUE: 0.35 | # QB: 0
Revenue Correlation: 8.99 | Revenue CAGR: 2.80% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.47 | Chg30d=-1.25% | Revisions=+0% | Analysts=5
EPS current Year (2026-09-30): EPS=1.90 | Chg30d=-1.79% | Revisions=+12% | GrowthEPS=-6.1% | GrowthRev=+13.1%
EPS next Year (2027-09-30): EPS=1.94 | Chg30d=+1.70% | Revisions=+29% | GrowthEPS=+2.2% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +19% (up=8, down=5)