# FS KKR Capital Corp. (FSK)

> Source: Nexqual · https://nexqual.com/FSK · data as of 2026-10-23 17:24 UTC · cite as "Nexqual, FS KKR Capital Corp. (FSK), nexqual.com/FSK" · informational, not investment advice.

**Price:** USD 10.39 (-1.38% today) · US market open, as of October 23, 2026 at 17:24 UTC; quotes may be delayed. Prev close 10.53 · day 10.35–10.5 · 52w 9.72–16.31 · market cap $2.87B · NYQ

## Key facts
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $23K; 0 by opportunistic insiders, 1 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (11 analysts), mean target USD 12.05 (range 10–15).
- Total return with dividends: 1Y -18.2% vs S&P 500 +14.4%; 5Y -1.0% vs S&P 500 +77.0%.
- Next earnings: 2026-11-05, EPS estimate USD 0.4, revenue estimate $275M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $1.51B | $92.0M | $696M | $585M | $11.0M | -$375M |
| EPS (diluted) | $7.16 | $0.32 | $2.48 | $2.09 | $0.04 | — |
| Cash + short-term investments | $377M | $251M | $231M | $296M | $208M | — |
| Total debt | $9.14B | $8.69B | $8.19B | $7.35B | $7.63B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 0.6x · Earnings yield -13.07% · Dividend yield (paid, TTM) 25.16% · Net debt $6.36B · EV $9.23B
P/E at fiscal year-ends: Dec 2025 377.1x, Dec 2024 10.4x, Dec 2023 8.0x.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $23K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-31 | Hopkins Jerel A | Director | 800 | $10K | 12.44 | Routine (bought in Dec each year 2023–2025; this trade is outside those months) |
| 2026-08-11 | Kropp James H | Director | 1,100 | $13K | 12.07 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 11 analysts; mean target USD 12.05 (low 10, high 15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Wells Fargo | Downgrade | Equal-Weight → Underweight | $10 |
| 2026-08-19 | JP Morgan | Target raised | Neutral | $9.5 → $11 |
| 2026-08-12 | RBC Capital | Target raised | Sector Perform | $11 → $13 |
| 2026-08-07 | Truist Securities | Target raised | Hold | $11 → $12 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -18.2% | -1.0% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -18.2% | -0.2% |
| Volatility (annualized) | 33.1% | 25.4% |
| Max drawdown | -35.9% (Dec 2025→Mar 2026) | -50.8% (Jul 2025→Mar 2026) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.41 -2.09% · VCTR (Victory Capital Holdings, Inc. ) USD 106.68 -0.67% · PDI (PIMCO Dynamic Income Fund) USD 14.31 +0.03% · AMG (Affiliated Managers Group, Inc.) USD 388.36 -1.81% · SEIC (SEI Investments Company) USD 102.88 -1.55% · IVZ (Invesco Ltd) USD 28.25 -1.88%

## More
Full page: https://nexqual.com/FSK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FSK's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1422183/000162828026011734/fsk-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Credit Opportunities Partners JV | "We also co-invest with South Carolina Retirement Systems Group Trust, or SCRS, through Credit Opportunities Partners JV, LLC, or COPJV, a joint venture with SCRS." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.40 | $0.42 | -4.1% | $275.4M | 11 |
| Next quarter (ends 2026-12-31) | $0.38 | $0.39 | -3.7% | $273.0M | 11 |
| Current fiscal year (ends 2026-12-31) | $1.63 | $1.65 | -1.2% | $1.14B | 11 |
| Next fiscal year (ends 2027-12-31) | $1.50 | $1.54 | -2.4% | $1.07B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-05): ±13.1%; last 8 reports averaged ±4.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 35.7% | ±13.1% |
| 2027-01-15 | 84 | 28.8% | ±12.1% |
| 2027-04-16 | 175 | 29.7% | ±17.6% |