# Blue Owl Capital Corporation (OBDC)

> Source: Nexqual · https://nexqual.com/OBDC · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Blue Owl Capital Corporation (OBDC), nexqual.com/OBDC" · informational, not investment advice.

**Price:** USD 10.14 (-0.20% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 10.16 · day 10.01–10.19 · 52w 9.81–13.58 · market cap $5.00B · NYQ

## Key facts
- Valuation: P/E 17.3x (avg 9.1x at the last 3 fiscal year-ends), net debt $7.67B.
- Insider open-market purchases, last ~7 months: 5 Form 4 filings, $102K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.92 on a 1–5 scale) (13 analysts), mean target USD 13.1 (range 11–15).
- Total return with dividends: 1Y -12.2% vs S&P 500 +13.6%; 5Y +23.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.33, revenue estimate $384M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $625M | $466M | $793M | $595M | $627M | $289M |
| EPS (diluted) | $1.59 | $1.18 | $2.03 | $1.53 | $1.24 | — |
| Cash + short-term investments | $447M | $445M | $660M | $514M | $569M | — |
| Total debt | $7.08B | $7.28B | $7.08B | $7.46B | $9.30B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.3x · P/B 0.7x · Earnings yield 5.77% · Dividend yield (paid, TTM) 15.14% · Net debt $7.67B · EV $12.7B
P/E at fiscal year-ends: Dec 2025 10.0x, Dec 2024 9.9x, Dec 2023 7.3x.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
5 purchases, $102K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-28 | Kaye Eric A. | Director | 1,000 | $11K | 11.34 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-20 | Nicholson Logan | President | 3,000 | $34K | 11.29 | Too little history (no open-market trades in 2023) |
| 2026-06-02 | Nicholson Logan | President | 3,000 | $34K | 11.31 | Too little history (no open-market trades in 2023) |
| 2026-05-11 | Kaye Eric A. | Director | 1,000 | $11K | 11.21 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-02-25 | Kaye Eric A. | Director | 1,000 | $12K | 11.91 | Too little history (no open-market trades in 2024 or 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 Buy (mean 1.92 on a 1–5 scale), 13 analysts; mean target USD 13.1 (low 11, high 15).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -12.2% | +23.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -12.2% | +4.3% |
| Volatility (annualized) | 24.2% | 20.6% |
| Max drawdown | -17.3% (Dec 2025→Mar 2026) | -28.1% (Apr 2022→Sep 2022) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.2 +0.39% · PDI (PIMCO Dynamic Income Fund) USD 14.1 +0.21% · VCTR (Victory Capital Holdings, Inc. ) USD 111.87 +1.12% · AMG (Affiliated Managers Group, Inc.) USD 393.24 +0.32% · SEIC (SEI Investments Company) USD 103.2 +0.31% · IVZ (Invesco Ltd) USD 28.68 +0.88%

## More
Full page: https://nexqual.com/OBDC · 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 OBDC's own 10-K filed 2026-02-18 (https://www.sec.gov/Archives/edgar/data/1655888/000165588826000010/obdc-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Blue Owl Technology Finance Corp. (OTF) | "On June 30, 2025, Blue Owl Leasing, a Delaware limited liability company, was formed as a joint venture between us, OBDC II, OCIC, OTF, OTIC, Blue Owl Alternative Credit Fund, and California State Teachers Retirement Sys…" |
| Partner | Blue Owl Leasing | "On June 30, 2025, Blue Owl Leasing, a Delaware limited liability company, was formed as a joint venture between us, OBDC II, OCIC, OTF, OTIC, Blue Owl Alternative Credit Fund, and California State Teachers Retirement Sys…" |
| Partner | Blue Owl Credit Income | "On June 30, 2025, Blue Owl Leasing, a Delaware limited liability company, was formed as a joint venture between us, OBDC II, OCIC, OTF, OTIC, Blue Owl Alternative Credit Fund, and California State Teachers Retirement Sys…" |
| Partner | Blue Owl Technology Income | "On June 30, 2025, Blue Owl Leasing, a Delaware limited liability company, was formed as a joint venture between us, OBDC II, OCIC, OTF, OTIC, Blue Owl Alternative Credit Fund, and California State Teachers Retirement Sys…" |
| Partner | Financing | "See "Specialty Financing Portfolio Companies and Joint Ventures." These companies may use our capital to support acquisitions which could continue to lead to increased dividend income supported by well-diversified underl…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.33 | $0.32 | +1.7% | $384.0M | 13 |
| Next quarter (ends 2026-12-31) | $0.33 | $0.32 | +0.7% | $386.1M | 13 |
| Current fiscal year (ends 2026-12-31) | $1.32 | $1.28 | +2.9% | $1.57B | 12 |
| Next fiscal year (ends 2027-12-31) | $1.31 | $1.31 | -0.2% | $1.56B | 13 |

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

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±6.9%; last 8 reports averaged ±2.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 23 | 31.1% | ±6.9% |
| 2027-01-15 | 79 | 21.2% | ±10.4% |
| 2027-04-16 | 170 | 25.7% | ±14.5% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 1, 2026 | Quarter ended Jun 30, 2026 | $0.36 | $0.32 | Beat +12.5% | -1.8% |
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.36 | $0.32 | Beat +12.5% | +1.0% |
| Jul 1, 2026 | Quarter ended Mar 31, 2026 | $0.32 | $0.35 | Miss −8.6% | -0.5% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.32 | $0.35 | Miss −8.6% | -4.4% |
| Apr 1, 2026 | Quarter ended Dec 31, 2025 | $0.37 | $0.36 | Beat +2.8% | -1.8% |
| Feb 18, 2026 | Quarter ended Dec 31, 2025 | $0.37 | $0.36 | Beat +2.8% | +0.0% |
| Jan 7, 2026 | Quarter ended Sep 30, 2025 | $0.37 | $0.39 | Miss −5.1% | +1.0% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.37 | $0.39 | Miss −5.1% | -6.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-01 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1655888/000165588826000063/0001655888-26-000063-index.htm |
| 2026-09-08 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation — “On September 2, 2026 (the "Closing Date"), Blue Owl Capital Corporation (the "Company") completed a $398 million term debt securitization transaction (the "CLO Transaction"), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. The secured notes and preferred shares issued in the CLO Transaction and the secured loan borrowed in the CLO Transaction were issued and incurred, as applicable, by the Company's consolidated subsidiary Owl Rock CLO XXVI,…” | https://www.sec.gov/Archives/edgar/data/1655888/000119312526385210/0001193125-26-385210-index.htm |
| 2026-08-05 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1655888/000165588826000056/0001655888-26-000056-index.htm |
| 2026-08-05 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1655888/000165588826000055/0001655888-26-000055-index.htm |
| 2026-07-01 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1655888/000119312526291625/0001193125-26-291625-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.