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 9.97 2026-10-26
Market cap $4.92B 2026-06-30 share count
52-week range 9.81 - 13.57

Valuation FY2025 figures against the last close

P/S—
P/E8.0x
P/FCF2.8x
EV/EBITDA—
Dividend yield15.3%
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.) 506.1M390.1M390.1M394.0M392.3M388.6M324.6M146.4M67.1M21.3M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Net income, FY2020: 387.7M Net income, FY2021: 624.9M Net income, FY2022: 466.4M Net income, FY2023: 793.3M Net income, FY2024: 595M Net income, FY2025: 627.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income — — — — $387.7M $624.9M $466.4M $793.3M $595.0M $627.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.