Barings BDC, Inc.

BBDCNYSEFinancial Services● Active

$8.32

$-0.02(-0.24%)

Market Cap$871161275

P/E Ratio—

52W High$9.92

52W Low$7.96

Avg Volume731K

Open$8.35

Beta0.65

Free Cash Flow Financials Revenue

Barings BDC, Inc. (BBDC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BBDC · free cash flow · updated Jun 8, 2026

Core FCF metrics

BBDC · FCF · TTM · margin & CAGR

Free cash flow was $160.5M for FY2025 (fiscal year ending 2025-12-31), up 36.2% year-over-year The FCF margin was 64.5%.

FY2025 Free Cash Flow$160.5M▲ +36.2% YoY

Trailing 12M (TTM)$236.3Mtrailing 4 quarters sum

FCF Margin64.5%$160.5M ÷ revenue

3-Year CAGR+23.0%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BBDC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$160.5M(0M)$160.5M▲ +36.2%64.5%

FY2024$117.8M(0M)$117.8M▲ +53.2%56.4%

FY2023$76.9M(0M)$76.9M▼ 10.8%26.6%

FY2022$86.3M(0M)$86.3M▲ +121.8%39.4%

FY2021−$396.6M(0M)−$396.6M▼ 81.8%-331.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BBDC · P/FCF · FCF yield · FCF per share

Barings BDC, Inc. (BBDC) trades at a FCF yield of 27.12% and a price-to-free-cash-flow ratio of 3.7x. FCF per share stands at $2.25, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

27.12%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.25

TTM FCF ÷ Shares Outstanding

Price / FCF

x3.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x9.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BBDC · cash flow statement · operating / investing / financing

For FY2025, Barings BDC, Inc. generated $160.5M in operating cash flow and spent 0M in capital expenditures, yielding $160.5M in free cash flow.

Operating Activities

+$160.5M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$185.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($160.5M) − |CapEx| (0M) = FCF ($160.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BBDC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Barings BDC, Inc.YOU

BBDC

$160.5M+36.2%64.5%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Barings BDC, Inc. (BBDC) reported free cash flow of $160.5M for FY2025 (fiscal year ending 2025-12-31), up 36.2% year-over-year. The FCF margin was 64.5%.

Based on available data, Barings BDC, Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $160.5M in FY2025.

Barings BDC, Inc.'s FCF yield is 27.12% and price-to-FCF ratio is 3.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BBDC free cash flow · 8 questions

Barings BDC, Inc. free cash flow was $160.5M for FY2025, up 36.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $236.3M.

BBDC free cash flowBBDC FCFBBDC FCF 2025BBDC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Barings BDC, Inc. · Barings BDC, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026