Blue Owl Capital Corp OBDC

NYSE

Blue Owl Capital Corporation was formed on October 15, 2015, as a corporation under the laws of the State of Maryland. Our investment objective is to generate current income, and to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Our investment strategy focuses on primarily originating and making loans to, and making debt and equity investments in, U.S. middle-market companies. Within this space, we predominantly focus on investing in institutionally-backed, upper middle-market businesses, which we categorize as those generating greater than $50 million of EBITDA annually. We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, equity and equity-related securities including warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company's common equity. We may hold our investments directly or through special purpose vehicles.

Last close 11.40 2026-09-04
Market cap $5.62B 2026-06-30 share count
52-week range 10.52 - 14.34

Valuation FY2025 figures against the last close

P/S
P/E9.2x
P/FCF3.2x
EV/EBITDA
Dividend yield13.4%
Diluted EPS1.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Interest expense $436.3M$307.5M$219.1M$152.9M
Net income $627.4M$595.0M$793.3M$466.4M$624.9M$387.7M
EPS, basic 1.241.532.031.181.591.00
EPS, diluted 1.241.532.031.181.591.00
Shares, diluted (wtd. avg.) $506.1M$390.1M$390.1M$394.0M$392.3M$388.6M$324.6M$146.4M$67.1M$21.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $568.5M$514.2M$659.7M$445.1M$447.1M$357.9M$317.2M
Total assets $17.19B$13.87B$13.51B$13.58B$13.30B
Long-term debt $9.30B$7.46B$7.08B$7.28B$7.08B
Total liabilities $9.79B$7.91B$7.49B$7.70B$7.36B
Retained earnings -$119.9M$29.4M$93.5M-$92.2M-$56.4M
Total equity $7.40B$5.95B$6.02B$5.88B$5.94B$5.75B$5.98B$3.26B$1.47B$680.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.74B$160.2M$1.14B$217.3M-$1.23B-$1.56B
Financing cash flow -$1.69B-$305.7M-$921.0M-$219.3M$1.32B$1.60B
Dividends paid $752.5M$655.6M$613.4M$488.4M$460.9M$453.5M
Buybacks $148.2M$0$34.1M$26.0M$2.6M$150.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001655888-26-000010.