OBDC

MKT CAP:$6B

Blue Owl Capital Corporation

Market Cap

$6B

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$11.61-$0.95 (-7.56%)

Apr 22, 2026

Company Details

Owl Rock Capital Corporation is a business development company. The fund makes investments in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and prefe...

CEO

Craig William Packer

IPO Date

Jul 18, 2019

Website

owlrockcapitalcorporation.com/landing/default.aspx

Key Metrics TTM

Revenue

$1.4B

+27.4% YoY

Net Income

$627M

EPS (Diluted)

$1.24

Free Cash Flow

$1.4B

Revenue / Share

$2.76

Gross Margin

62.7%

Operating Margin

56.1%

Net Margin

44.7%

FCF Margin

98.7%

P/S

4.0x

P/E

9.0x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

Q4 2025

Feb 18, 2026

$408M+47.6%EPS $0.23

Q3 2025

Nov 5, 2025

$292M+8.4%EPS $0.25

Q2 2025

Aug 6, 2025

$299M+23.5%EPS $0.27

Q1 2025

May 7, 2025

$404M+29.1%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$112M	$60M	$45M
Q2 22	$40M	-$18M	-$33M
Q3 22	$355M	$281M	$267M
Q4 22	$302M	$213M	$198M
Q1 23	$316M	$218M	$206M
Q2 23	$318M	$216M	$200M
Q3 23	$329M	$225M	$211M
Q4 23	$312M	$205M	$194M
Q1 24	$313M	$204M	$188M
Q2 24	$242M	$140M	$125M
Q3 24	$269M	$153M	$140M
Q4 24	$276M	$169M	$155M
Q1 25	$404M	$263M	$248M
Q2 25	$299M	$159M	$140M
Q3 25	$292M	$152M	$133M
Q4 25	$408M	$306M	$266M

Valuation

Quarter	P/S	P/E
Q1 22	7.2x	11.0x
Q2 22	9.3x	17.2x
Q3 22	7.5x	12.5x
Q4 22	6.9x	12.0x
Q1 23	5.5x	9.0x
Q2 23	4.4x	6.6x
Q3 23	4.4x	7.1x
Q4 23	4.4x	7.1x
Q1 24	4.4x	7.3x
Q2 24	4.7x	8.0x
Q3 24	4.9x	8.9x
Q4 24	5.1x	9.4x
Q1 25	4.7x	8.6x
Q2 25	4.5x	8.4x
Q3 25	4.4x	8.5x
Q4 25	4.0x	9.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$46M	$46M
Q2 22	$120M	$120M
Q3 22	$102M	$102M
Q4 22	$156M	$156M
Q1 23	$100M	$100M
Q2 23	$141M	$141M
Q3 23	$117M	$117M
Q4 23	$157M	$157M
Q1 24	$444M	$444M
Q2 24	-$726M	-$726M
Q3 24	-$4M	-$4M
Q4 24	$446M	$446M
Q1 25	$278M	$278M
Q2 25	$146M	$146M
Q3 25	$137M	$137M
Q4 25	$823M	$823M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-47.8%	+25.5%
Q2 22	-81.3%	+21.1%
Q3 22	+66.8%	+37.5%
Q4 22	+24.9%	+56.1%
Q1 23	+181.1%	+63.5%
Q2 23	+698.7%	+60.7%
Q3 23	-7.2%	+34.8%
Q4 23	+3.2%	+13.3%
Q1 24	-0.9%	+13.6%
Q2 24	-24.0%	-0.4%
Q3 24	-18.3%	+9.3%
Q4 24	-11.3%	+3.0%
Q1 25	+29.1%	+24.6%
Q2 25	+23.5%	+35.5%
Q3 25	+8.4%	+23.2%
Q4 25	+47.6%	+16.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 22	$6M
Q2 22	$6M
Q3 22	$6M
Q4 22	$7M
Q1 23	$7M
Q2 23	$8M
Q3 23	$8M
Q4 23	$6M
Q1 24	$6M
Q2 24	$8M
Q3 24	$8M
Q4 24	$6M
Q1 25	$8M
Q2 25	$7M
Q3 25	$8M
Q4 25	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$275M	$0	$275M
Q2 22	$246M	$0	$246M
Q3 22	$361M	$0	$361M
Q4 22	$349M	$0	$349M
Q1 23	$313M	$0	$313M
Q2 23	$275M	$0	$275M
Q3 23	$343M	$0	$343M
Q4 23	$573M	$0	$573M
Q1 24	$653M	$0	$653M
Q2 24	$276M	$0	$276M
Q3 24	$427M	$0	$427M
Q4 24	$432M	$0	$432M
Q1 25	$439M	$0	$439M
Q2 25	$296M	$0	$296M
Q3 25	$274M	$0	$274M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	394M	+0.4%	+0.8%
Q2 22	394M	-0.0%	+0.6%
Q3 22	394M	-0.1%	+0.3%
Q4 22	392M	-0.3%	-0.1%
Q1 23	391M	-0.4%	-0.8%
Q2 23	390M	-0.3%	-1.1%
Q3 23	390M	-0.1%	-1.0%
Q4 23	390M	+0.1%	-0.6%
Q1 24	390M	-0.1%	-0.3%
Q2 24	390M	+0.1%	+0.0%
Q3 24	390M	+0.0%	+0.1%
Q4 24	390M	-0.0%	+0.0%
Q1 25	495M	+26.8%	+27.0%
Q2 25	511M	+3.3%	+31.0%
Q3 25	511M	0.0%	+31.0%
Q4 25	508M	-0.6%	+30.2%

Shares Outstanding