GLAD Stock Analysis: Gladstone Capital | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 445m USD | 12M Return: 13.1% | US3765358789 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.14M
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 Business Development Company (BDC) that provides private equity and debt financing to lower middle-market companies in the United States. The firm invests through a range of instruments, including senior term loans, revolving loans, first and second lien term loans, unitranche loans, mezzanine debt, and equity securities such as common and preferred stock, LLC interests, and warrants. It typically invests $8 million to $40 million in debt into companies with $20 million to $150 million in sales and $3 million to $25 million in EBITDA, preferring minority stakes and exiting investments via strategic acquisitions, IPOs, or other capital market transactions.
As a BDC, Gladstone Capital operates under the Investment Company Act of 1940, which requires it to distribute at least 90% of its taxable income to shareholders, making it a pass-through entity for tax purposes. The firm is part of The Gladstone Companies ecosystem, a group of affiliated public investment advisors managed by Gladstone Management Corporation, and focuses on industry-agnostic opportunities across sectors such as business services, healthcare, manufacturing, specialty chemicals, aerospace and defense, and consumer products.
- Net interest margin compresses on floating-rate loan repricings
- Non-accruals rise as lower middle market borrowers face stress
- New investment origination volume drives portfolio 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 (59.1m): 7.24 < 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 November 11, 2026, the stock is trading at USD 19.75 with a total of 137,216 shares traded. Over the past week, the price has changed by +3.13%, over one month by +4.46%, over three months by +4.77% and over the past year by +13.08%.
Current recommended Stop Loss: 19.00 (which is 3.8% or 1.7 ATR below the current price).
Gladstone Capital has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy GLAD.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22 | 11.4% |
P/E Trailing = 9.2394
P/E Forward = 10.661
P/S = 4.4942
P/B = 0.8931
P/EG = 2.3116
Revenue TTM = 79.2m USD
EBIT TTM = 56.8m USD
EBITDA TTM = 59.1m 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 = 872.2m USD (444.6m + Debt 429.9m - CCE 2.35m)
Interest Coverage Ratio = 2.30 (Ebit TTM 56.8m / Interest Expense TTM 24.7m)
EV/FCF = -5.79x (Enterprise Value 872.2m / FCF TTM -150.8m)
FCF Yield = -17.29% (FCF TTM -150.8m / Enterprise Value 872.2m)
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 = 0.90 (Enterprise Value 872.2m / 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 = 7.24 (Net Debt 427.5m / EBITDA 59.1m)
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 = 5.79% (E(444.6m)/V(874.5m) * Re(7.01%) + D(429.9m)/V(874.5m) * Rd(5.74%) * (1-Tc(0.21)))
Discount Rate = 7.01% (= 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=+0.41% | Revisions=+25% | Analysts=5
EPS current Year (2026-09-30): EPS=1.97 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=-2.4% | GrowthRev=+13.0%
EPS next Year (2027-09-30): EPS=1.98 | Chg30d=+0.41% | Revisions=+25% | GrowthEPS=+0.3% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: +38% (up=4, down=1)