GBDC vs. MAIN
Compare and contrast key facts about Golub Capital BDC, Inc. (GBDC) and Main Street Capital Corporation (MAIN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBDC or MAIN.
Correlation
The correlation between GBDC and MAIN is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBDC vs. MAIN - Performance Comparison
Key characteristics
GBDC:
-0.43
MAIN:
0.68
GBDC:
-0.50
MAIN:
1.05
GBDC:
0.94
MAIN:
1.15
GBDC:
-0.48
MAIN:
0.70
GBDC:
-1.07
MAIN:
2.49
GBDC:
7.60%
MAIN:
5.89%
GBDC:
18.70%
MAIN:
21.47%
GBDC:
-48.15%
MAIN:
-64.53%
GBDC:
-9.69%
MAIN:
-14.15%
Fundamentals
GBDC:
$3.80B
MAIN:
$4.77B
GBDC:
$1.33
MAIN:
$5.85
GBDC:
10.77
MAIN:
9.20
GBDC:
1.51
MAIN:
2.09
GBDC:
4.81
MAIN:
8.69
GBDC:
0.95
MAIN:
1.70
GBDC:
$725.56M
MAIN:
$465.50M
GBDC:
$725.56M
MAIN:
$436.33M
GBDC:
$556.36M
MAIN:
$468.70M
Returns By Period
In the year-to-date period, GBDC achieves a -4.08% return, which is significantly higher than MAIN's -6.74% return. Over the past 10 years, GBDC has underperformed MAIN with an annualized return of 7.45%, while MAIN has yielded a comparatively higher 14.22% annualized return.
GBDC
-4.08%
5.98%
-2.75%
-7.78%
16.30%
7.45%
MAIN
-6.74%
6.67%
7.53%
13.39%
23.88%
14.22%
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Risk-Adjusted Performance
GBDC vs. MAIN — Risk-Adjusted Performance Rank
GBDC
MAIN
GBDC vs. MAIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) and Main Street Capital Corporation (MAIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GBDC vs. MAIN - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 9.73%, more than MAIN's 7.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 9.73% | 12.14% | 10.00% | 9.35% | 7.58% | 8.37% | 5.91% | 8.49% | 7.47% | 8.32% | 7.70% | 7.14% |
MAIN Main Street Capital Corporation | 7.32% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.02% | 7.42% | 9.15% | 8.72% |
Drawdowns
GBDC vs. MAIN - Drawdown Comparison
The maximum GBDC drawdown since its inception was -48.15%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for GBDC and MAIN. For additional features, visit the drawdowns tool.
Volatility
GBDC vs. MAIN - Volatility Comparison
Golub Capital BDC, Inc. (GBDC) and Main Street Capital Corporation (MAIN) have volatilities of 10.77% and 10.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
GBDC vs. MAIN - Financials Comparison
This section allows you to compare key financial metrics between Golub Capital BDC, Inc. and Main Street Capital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GBDC vs. MAIN - Profitability Comparison
GBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a gross profit of 211.10M and revenue of 211.10M. Therefore, the gross margin over that period was 100.0%.
MAIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported a gross profit of 187.22M and revenue of 187.22M. Therefore, the gross margin over that period was 100.0%.
GBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported an operating income of 205.74M and revenue of 211.10M, resulting in an operating margin of 97.5%.
MAIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported an operating income of 171.15M and revenue of 187.22M, resulting in an operating margin of 91.4%.
GBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a net income of 98.66M and revenue of 211.10M, resulting in a net margin of 46.7%.
MAIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported a net income of 174.24M and revenue of 187.22M, resulting in a net margin of 93.1%.