Annual Income Statements for Fidus Investment
This table shows Fidus Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Fidus Investment
This table shows Fidus Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
11 |
4.72 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
Consolidated Net Income / (Loss) |
|
11 |
5.38 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
Net Income / (Loss) Continuing Operations |
|
11 |
5.38 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
Total Pre-Tax Income |
|
11 |
6.80 |
16 |
11 |
24 |
27 |
20 |
24 |
17 |
19 |
Total Revenue |
|
24 |
33 |
30 |
25 |
42 |
46 |
37 |
43 |
33 |
36 |
Net Interest Income / (Expense) |
|
25 |
32 |
29 |
31 |
34 |
36 |
35 |
36 |
38 |
37 |
Total Interest Income |
|
25 |
32 |
29 |
31 |
34 |
36 |
35 |
36 |
38 |
37 |
Total Non-Interest Income |
|
-1.29 |
0.69 |
0.77 |
-5.87 |
7.64 |
9.49 |
2.50 |
7.15 |
-4.93 |
-1.06 |
Net Realized & Unrealized Capital Gains on Investments |
|
-1.29 |
0.69 |
0.77 |
-5.87 |
7.64 |
9.49 |
2.50 |
7.15 |
-4.93 |
-1.06 |
Total Non-Interest Expense |
|
12 |
26 |
14 |
14 |
18 |
18 |
17 |
19 |
16 |
17 |
Insurance Policy Acquisition Costs |
|
2.79 |
3.20 |
3.80 |
2.66 |
6.01 |
6.47 |
4.97 |
5.98 |
4.07 |
4.27 |
Other Operating Expenses |
|
9.50 |
23 |
10 |
11 |
12 |
12 |
12 |
13 |
12 |
13 |
Income Tax Expense |
|
-0.01 |
1.42 |
0.04 |
0.02 |
0.04 |
0.93 |
-0.08 |
0.13 |
0.57 |
1.81 |
Basic Earnings per Share |
|
$0.52 |
$0.51 |
$0.59 |
$0.67 |
$0.63 |
$0.58 |
$0.57 |
$0.53 |
$0.64 |
$0.55 |
Weighted Average Basic Shares Outstanding |
|
24.44M |
24.47M |
24.80M |
25.03M |
26.62M |
26.37M |
30.78M |
32.25M |
33.38M |
32.59M |
Diluted Earnings per Share |
|
$0.52 |
$0.51 |
$0.59 |
$0.67 |
$0.63 |
$0.58 |
$0.57 |
$0.53 |
$0.64 |
$0.55 |
Weighted Average Diluted Shares Outstanding |
|
24.44M |
24.47M |
24.80M |
25.03M |
26.62M |
26.37M |
30.78M |
32.25M |
33.38M |
32.59M |
Basic & Diluted Earnings per Share |
|
$0.47 |
$0.18 |
$0.62 |
$0.44 |
$0.91 |
$0.96 |
$0.65 |
$0.75 |
$0.49 |
$0.51 |
Weighted Average Basic & Diluted Shares Outstanding |
|
24.44M |
24.84M |
- |
25.32M |
28.45M |
30.65M |
31.55M |
33.16M |
33.91M |
33.91M |
Cash Dividends to Common per Share |
|
$0.86 |
$0.18 |
$0.66 |
$0.70 |
$0.72 |
$0.80 |
$0.65 |
$0.59 |
$0.57 |
$0.61 |
Annual Cash Flow Statements for Fidus Investment
This table details how cash moves in and out of Fidus Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-107 |
-107 |
57 |
-62 |
Net Cash From Operating Activities |
-106 |
-106 |
-29 |
-55 |
Net Cash From Continuing Operating Activities |
-106 |
-106 |
-29 |
-55 |
Net Income / (Loss) Continuing Operations |
36 |
36 |
77 |
78 |
Consolidated Net Income / (Loss) |
36 |
36 |
77 |
78 |
Depreciation Expense |
66 |
66 |
10 |
5.93 |
Amortization Expense |
2.11 |
2.11 |
2.21 |
2.14 |
Non-Cash Adjustments to Reconcile Net Income |
-206 |
-206 |
-108 |
-137 |
Changes in Operating Assets and Liabilities, net |
-3.15 |
-3.15 |
-12 |
-4.32 |
Net Cash From Investing Activities |
0.00 |
0.00 |
0.00 |
0.00 |
Net Cash From Continuing Investing Activities |
0.00 |
0.00 |
0.00 |
0.00 |
Net Cash From Financing Activities |
-1.53 |
-1.53 |
86 |
-6.67 |
Net Cash From Continuing Financing Activities |
-1.53 |
-1.53 |
86 |
-6.67 |
Issuance of Debt |
76 |
76 |
62 |
45 |
Issuance of Common Equity |
5.81 |
5.81 |
110 |
66 |
Repayment of Debt |
-31 |
-31 |
-6.00 |
-37 |
Payment of Dividends |
-49 |
-49 |
-78 |
-78 |
Other Financing Activities, Net |
-3.53 |
-3.53 |
-1.76 |
-2.36 |
Cash Interest Paid |
16 |
16 |
19 |
22 |
Cash Income Taxes Paid |
4.29 |
4.29 |
11 |
3.30 |
Quarterly Cash Flow Statements for Fidus Investment
This table details how cash moves in and out of Fidus Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-32 |
22 |
-26 |
1.56 |
42 |
39 |
-92 |
21 |
6.12 |
2.72 |
Net Cash From Operating Activities |
|
-24 |
12 |
-41 |
-17 |
25 |
3.35 |
-78 |
-2.67 |
4.68 |
21 |
Net Cash From Continuing Operating Activities |
|
-33 |
12 |
-41 |
-17 |
25 |
3.35 |
-78 |
-2.67 |
4.68 |
21 |
Net Income / (Loss) Continuing Operations |
|
11 |
4.72 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
Consolidated Net Income / (Loss) |
|
11 |
4.72 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
Depreciation Expense |
|
41 |
-2.11 |
-0.71 |
-1.21 |
2.06 |
10 |
-1.22 |
2.06 |
4.57 |
0.52 |
Amortization Expense |
|
0.53 |
0.52 |
0.52 |
0.53 |
0.58 |
0.57 |
0.55 |
0.51 |
0.53 |
0.56 |
Non-Cash Adjustments to Reconcile Net Income |
|
-87 |
-1.22 |
-36 |
-30 |
-0.06 |
-41 |
-88 |
-32 |
-17 |
-0.33 |
Changes in Operating Assets and Liabilities, net |
|
0.87 |
9.91 |
-20 |
2.92 |
-1.64 |
7.33 |
-9.06 |
2.80 |
-0.21 |
2.16 |
Net Cash From Financing Activities |
|
-7.81 |
10 |
15 |
18 |
17 |
35 |
-14 |
24 |
1.44 |
-18 |
Net Cash From Continuing Financing Activities |
|
-7.81 |
10 |
15 |
18 |
17 |
35 |
-14 |
24 |
1.44 |
-18 |
Issuance of Debt |
|
15 |
20 |
27 |
32 |
-19 |
22 |
23 |
10 |
7.50 |
5.00 |
Repayment of Debt |
|
-10 |
-0.12 |
-0.25 |
-0.08 |
-5.23 |
-0.44 |
-35 |
-0.35 |
-1.26 |
-0.35 |
Payment of Dividends |
|
-11 |
-15 |
-16 |
-18 |
-20 |
-24 |
-20 |
-19 |
-19 |
-21 |
Other Financing Activities, Net |
|
-1.53 |
-0.49 |
-0.29 |
-0.41 |
-0.52 |
-0.54 |
-0.18 |
-0.11 |
-0.32 |
-1.75 |
Cash Interest Paid |
|
5.61 |
2.71 |
6.09 |
3.17 |
7.32 |
2.85 |
7.86 |
3.43 |
7.64 |
3.50 |
Cash Income Taxes Paid |
|
0.02 |
2.08 |
9.89 |
0.50 |
0.91 |
0.11 |
0.87 |
0.21 |
1.59 |
0.62 |
Annual Balance Sheets for Fidus Investment
This table presents Fidus Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2021 |
2022 |
2023 |
2024 |
Total Assets |
1,903 |
936 |
1,091 |
1,164 |
Cash and Due from Banks |
0.00 |
62 |
119 |
57 |
Trading Account Securities |
0.00 |
- |
976 |
1,100 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
1,903 |
23 |
14 |
16 |
Total Liabilities & Shareholders' Equity |
0.00 |
936 |
1,091 |
1,164 |
Total Liabilities |
0.00 |
456 |
501 |
508 |
Accrued Interest Payable |
- |
4.75 |
5.92 |
5.78 |
Long-Term Debt |
- |
410 |
467 |
475 |
Other Long-Term Liabilities |
- |
41 |
29 |
28 |
Commitments & Contingencies |
- |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
0.00 |
480 |
589 |
656 |
Total Preferred & Common Equity |
0.00 |
480 |
589 |
656 |
Total Common Equity |
0.00 |
480 |
589 |
656 |
Common Stock |
- |
396 |
504 |
567 |
Retained Earnings |
- |
84 |
85 |
88 |
Quarterly Balance Sheets for Fidus Investment
This table presents Fidus Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
910 |
949 |
982 |
1,023 |
1,093 |
1,146 |
1,161 |
Cash and Due from Banks |
|
40 |
36 |
38 |
80 |
27 |
48 |
54 |
Trading Account Securities |
|
857 |
897 |
929 |
927 |
1,048 |
1,078 |
1,091 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
12 |
15 |
15 |
16 |
18 |
19 |
16 |
Total Liabilities & Shareholders' Equity |
|
910 |
949 |
982 |
1,023 |
1,093 |
1,146 |
1,161 |
Total Liabilities |
|
435 |
464 |
499 |
474 |
484 |
499 |
502 |
Accrued Interest Payable |
|
3.04 |
3.33 |
5.22 |
3.34 |
3.54 |
5.67 |
3.54 |
Long-Term Debt |
|
390 |
437 |
469 |
445 |
455 |
465 |
471 |
Other Long-Term Liabilities |
|
42 |
24 |
25 |
26 |
26 |
29 |
27 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
474 |
485 |
967 |
549 |
608 |
647 |
659 |
Total Preferred & Common Equity |
|
474 |
485 |
483 |
549 |
608 |
647 |
659 |
Total Common Equity |
|
474 |
485 |
967 |
549 |
608 |
647 |
659 |
Common Stock |
|
362 |
401 |
406 |
468 |
523 |
557 |
572 |
Retained Earnings |
|
113 |
84 |
77 |
81 |
85 |
89 |
87 |
Annual Metrics And Ratios for Fidus Investment
This table displays calculated financial ratios and metrics derived from Fidus Investment's official financial filings.
Metric |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
- |
Revenue Growth |
137.44% |
-49.87% |
54.53% |
5.40% |
EBITDA Growth |
91.23% |
32.31% |
-13.63% |
-2.12% |
EBIT Growth |
263.29% |
-68.62% |
109.92% |
3.29% |
NOPAT Growth |
271.82% |
-69.15% |
115.32% |
1.50% |
Net Income Growth |
271.82% |
-69.15% |
115.32% |
1.50% |
EPS Growth |
-36.42% |
84.47% |
30.00% |
-7.29% |
Operating Cash Flow Growth |
200.03% |
0.00% |
72.09% |
-87.75% |
Free Cash Flow Firm Growth |
0.00% |
158.67% |
-108.43% |
104.21% |
Invested Capital Growth |
0.00% |
-53.21% |
18.59% |
7.06% |
Revenue Q/Q Growth |
0.00% |
0.00% |
8.60% |
-6.88% |
EBITDA Q/Q Growth |
0.00% |
0.00% |
33.13% |
-17.94% |
EBIT Q/Q Growth |
0.00% |
0.00% |
14.99% |
-10.73% |
NOPAT Q/Q Growth |
0.00% |
0.00% |
37.61% |
-10.23% |
Net Income Q/Q Growth |
0.00% |
0.00% |
37.53% |
-10.14% |
EPS Q/Q Growth |
0.00% |
0.00% |
2.92% |
-1.29% |
Operating Cash Flow Q/Q Growth |
0.00% |
-118.40% |
-40.33% |
23.67% |
Free Cash Flow Firm Q/Q Growth |
0.00% |
0.00% |
0.00% |
-95.73% |
Invested Capital Q/Q Growth |
0.00% |
0.00% |
0.00% |
0.00% |
Profitability Metrics |
- |
- |
- |
- |
EBITDA Margin |
43.27% |
114.20% |
63.83% |
59.28% |
EBIT Margin |
64.67% |
40.48% |
54.99% |
53.89% |
Profit (Net Income) Margin |
63.28% |
38.95% |
54.27% |
52.26% |
Tax Burden Percent |
97.84% |
96.21% |
98.68% |
96.98% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
2.16% |
3.79% |
1.32% |
3.02% |
Return on Invested Capital (ROIC) |
12.20% |
2.56% |
7.93% |
7.16% |
ROIC Less NNEP Spread (ROIC-NNEP) |
12.20% |
2.56% |
7.93% |
7.16% |
Return on Net Nonoperating Assets (RNNOA) |
0.00% |
12.35% |
6.49% |
5.41% |
Return on Equity (ROE) |
0.00% |
14.92% |
14.42% |
12.58% |
Cash Return on Invested Capital (CROIC) |
-187.80% |
75.06% |
-9.08% |
0.34% |
Operating Return on Assets (OROA) |
6.24% |
2.62% |
7.71% |
7.16% |
Return on Assets (ROA) |
6.10% |
2.52% |
7.61% |
6.94% |
Return on Common Equity (ROCE) |
0.00% |
14.92% |
14.42% |
12.58% |
Return on Equity Simple (ROE_SIMPLE) |
0.00% |
7.46% |
13.09% |
11.94% |
Net Operating Profit after Tax (NOPAT) |
116 |
36 |
77 |
78 |
NOPAT Margin |
63.28% |
38.95% |
54.27% |
52.26% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
35.33% |
59.52% |
45.01% |
46.11% |
Earnings before Interest and Taxes (EBIT) |
119 |
37 |
78 |
81 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
79 |
105 |
91 |
89 |
Valuation Ratios |
- |
- |
- |
- |
Price to Book Value (P/BV) |
0.00 |
0.74 |
0.84 |
1.09 |
Price to Tangible Book Value (P/TBV) |
0.00 |
0.74 |
0.84 |
1.09 |
Price to Revenue (P/Rev) |
0.00 |
3.87 |
3.49 |
4.76 |
Price to Earnings (P/E) |
0.00 |
9.93 |
6.44 |
9.11 |
Dividend Yield |
8.04% |
9.89% |
7.74% |
9.47% |
Earnings Yield |
0.00% |
10.07% |
15.53% |
10.98% |
Enterprise Value to Invested Capital (EV/IC) |
0.00 |
0.79 |
0.80 |
1.00 |
Enterprise Value to Revenue (EV/Rev) |
0.00 |
7.65 |
5.94 |
7.55 |
Enterprise Value to EBITDA (EV/EBITDA) |
0.00 |
6.70 |
9.30 |
12.73 |
Enterprise Value to EBIT (EV/EBIT) |
0.00 |
18.90 |
10.80 |
14.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
19.64 |
10.94 |
14.44 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.67 |
0.00 |
303.60 |
Leverage & Solvency |
- |
- |
- |
- |
Debt to Equity |
0.00 |
0.85 |
0.79 |
0.72 |
Long-Term Debt to Equity |
0.00 |
0.85 |
0.79 |
0.72 |
Financial Leverage |
0.00 |
4.82 |
0.82 |
0.76 |
Leverage Ratio |
0.00 |
5.91 |
1.89 |
1.81 |
Compound Leverage Factor |
0.00 |
5.91 |
1.89 |
1.81 |
Debt to Total Capital |
0.00% |
46.06% |
44.18% |
42.00% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
0.00% |
46.06% |
44.18% |
42.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
0.00% |
53.94% |
55.82% |
58.00% |
Debt to EBITDA |
0.00 |
3.90 |
5.14 |
5.35 |
Net Debt to EBITDA |
0.00 |
3.31 |
3.83 |
4.70 |
Long-Term Debt to EBITDA |
0.00 |
3.90 |
5.14 |
5.35 |
Debt to NOPAT |
0.00 |
11.45 |
6.05 |
6.07 |
Net Debt to NOPAT |
0.00 |
9.71 |
4.50 |
5.34 |
Long-Term Debt to NOPAT |
0.00 |
11.45 |
6.05 |
6.07 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-1,787 |
1,048 |
-88 |
3.72 |
Operating Cash Flow to CapEx |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
- |
- |
- |
- |
Asset Turnover |
0.10 |
0.06 |
0.14 |
0.13 |
Fixed Asset Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
- |
- |
- |
- |
Invested Capital |
1,903 |
890 |
1,056 |
1,131 |
Invested Capital Turnover |
0.19 |
0.07 |
0.15 |
0.14 |
Increase / (Decrease) in Invested Capital |
1,903 |
-1,013 |
166 |
75 |
Enterprise Value (EV) |
0.00 |
704 |
844 |
1,131 |
Market Capitalization |
0.00 |
356 |
497 |
713 |
Book Value per Share |
$0.00 |
$19.66 |
$20.72 |
$19.33 |
Tangible Book Value per Share |
$0.00 |
$19.66 |
$20.72 |
$19.33 |
Total Capital |
0.00 |
890 |
1,056 |
1,131 |
Total Debt |
0.00 |
410 |
467 |
475 |
Total Long-Term Debt |
0.00 |
410 |
467 |
475 |
Net Debt |
-0.00 |
348 |
347 |
418 |
Capital Expenditures (CapEx) |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
1,903 |
410 |
467 |
475 |
Total Depreciation and Amortization (D&A) |
-39 |
68 |
13 |
8.07 |
Earnings Adjustments |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
$0.00 |
$1.90 |
$2.47 |
$2.29 |
Adjusted Weighted Average Basic Shares Outstanding |
0.00 |
24.47M |
26.37M |
32.59M |
Adjusted Diluted Earnings per Share |
$0.00 |
$1.90 |
$2.47 |
$2.29 |
Adjusted Weighted Average Diluted Shares Outstanding |
0.00 |
24.47M |
26.37M |
32.59M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$1.46 |
$2.93 |
$2.40 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
0.00 |
24.84M |
30.65M |
33.91M |
Normalized Net Operating Profit after Tax (NOPAT) |
116 |
36 |
77 |
78 |
Normalized NOPAT Margin |
63.28% |
38.95% |
54.27% |
52.26% |
Pre Tax Income Margin |
64.67% |
40.48% |
54.99% |
53.89% |
Debt Service Ratios |
- |
- |
- |
- |
EBIT to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
- |
- |
- |
- |
Dividend Payout Ratio |
33.68% |
136.93% |
101.55% |
100.10% |
Augmented Payout Ratio |
33.68% |
136.93% |
101.55% |
100.10% |
Quarterly Metrics And Ratios for Fidus Investment
This table displays calculated financial ratios and metrics derived from Fidus Investment's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
0.00% |
0.00% |
36.21% |
76.47% |
40.07% |
24.56% |
0.00% |
-20.03% |
-20.52% |
EBITDA Growth |
|
88.10% |
0.00% |
-12.29% |
27.65% |
-49.38% |
633.96% |
26.69% |
161.28% |
-17.84% |
-46.50% |
EBIT Growth |
|
-59.66% |
0.00% |
33.35% |
36.09% |
112.90% |
303.09% |
29.48% |
121.59% |
-29.88% |
-29.36% |
NOPAT Growth |
|
-59.82% |
0.00% |
32.50% |
36.76% |
112.36% |
391.75% |
30.28% |
120.79% |
-32.10% |
-33.73% |
Net Income Growth |
|
0.00% |
0.00% |
0.00% |
36.76% |
112.63% |
391.17% |
29.92% |
0.00% |
-32.19% |
-33.44% |
EPS Growth |
|
0.00% |
0.00% |
0.00% |
48.89% |
21.15% |
13.73% |
-3.39% |
0.00% |
1.59% |
-5.17% |
Operating Cash Flow Growth |
|
0.00% |
105.78% |
0.00% |
0.00% |
204.09% |
-71.65% |
-88.85% |
84.14% |
-81.44% |
512.06% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
87.73% |
0.00% |
-6,833.66% |
-10,064.60% |
-14.74% |
58.99% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
14.92% |
18.59% |
0.00% |
0.00% |
13.75% |
7.06% |
Revenue Q/Q Growth |
|
30.76% |
56.72% |
-8.80% |
-17.21% |
69.40% |
9.51% |
-18.90% |
15.25% |
-21.87% |
8.83% |
EBITDA Q/Q Growth |
|
562.38% |
-90.15% |
194.77% |
-33.12% |
162.67% |
41.73% |
-49.12% |
37.93% |
-17.40% |
-7.71% |
EBIT Q/Q Growth |
|
42.07% |
-38.24% |
128.46% |
-29.56% |
122.27% |
12.70% |
-26.62% |
20.54% |
-29.66% |
13.53% |
NOPAT Q/Q Growth |
|
43.19% |
-51.15% |
187.85% |
-29.53% |
122.34% |
9.04% |
-23.74% |
19.43% |
-31.63% |
6.43% |
Net Income Q/Q Growth |
|
43.19% |
-51.15% |
187.85% |
-29.53% |
122.62% |
8.77% |
-23.86% |
19.76% |
-31.63% |
6.77% |
EPS Q/Q Growth |
|
15.56% |
-1.92% |
15.69% |
13.56% |
-5.97% |
-7.94% |
-1.72% |
-7.02% |
20.75% |
-14.06% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
148.73% |
-448.75% |
59.14% |
249.90% |
-86.73% |
-2,423.07% |
96.57% |
275.39% |
337.84% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
-100.00% |
0.00% |
-6,178.82% |
88.88% |
-673.10% |
-649.92% |
-4.28% |
88.95% |
-446.12% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
-100.00% |
0.00% |
4.31% |
0.00% |
0.68% |
4.57% |
1.66% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
224.59% |
15.91% |
51.43% |
41.55% |
64.42% |
83.38% |
52.31% |
62.60% |
66.19% |
56.13% |
EBIT Margin |
|
48.17% |
20.78% |
52.06% |
44.30% |
58.12% |
59.81% |
54.12% |
56.60% |
50.96% |
53.16% |
Profit (Net Income) Margin |
|
48.22% |
16.46% |
51.94% |
44.21% |
58.10% |
57.70% |
54.17% |
56.29% |
49.26% |
48.33% |
Tax Burden Percent |
|
100.10% |
79.18% |
99.76% |
99.81% |
99.97% |
96.48% |
100.10% |
99.45% |
96.67% |
90.92% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
-0.10% |
20.82% |
0.24% |
0.19% |
0.16% |
3.41% |
-0.38% |
0.55% |
3.33% |
9.37% |
Return on Invested Capital (ROIC) |
|
0.00% |
1.70% |
0.00% |
9.89% |
7.78% |
8.44% |
15.27% |
0.00% |
7.39% |
6.60% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
1.70% |
0.00% |
9.89% |
7.79% |
8.43% |
15.25% |
0.00% |
7.39% |
6.61% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
1.45% |
0.00% |
-0.15% |
6.36% |
6.91% |
11.40% |
0.00% |
5.61% |
5.00% |
Return on Equity (ROE) |
|
0.00% |
3.15% |
0.00% |
9.74% |
14.14% |
15.35% |
26.67% |
0.00% |
12.99% |
11.60% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
117.75% |
0.00% |
0.00% |
0.00% |
-9.08% |
-184.61% |
-200.00% |
-4.65% |
0.34% |
Operating Return on Assets (OROA) |
|
0.00% |
1.35% |
0.00% |
4.80% |
7.50% |
8.39% |
14.80% |
0.00% |
7.43% |
7.06% |
Return on Assets (ROA) |
|
0.00% |
1.07% |
0.00% |
4.79% |
7.49% |
8.09% |
14.82% |
0.00% |
7.18% |
6.42% |
Return on Common Equity (ROCE) |
|
0.00% |
3.15% |
0.00% |
9.74% |
14.14% |
15.35% |
26.67% |
0.00% |
12.99% |
11.60% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
8.80% |
10.10% |
0.00% |
13.44% |
0.00% |
13.23% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
11 |
5.38 |
15 |
11 |
24 |
26 |
20 |
24 |
16 |
18 |
NOPAT Margin |
|
48.22% |
16.46% |
51.94% |
44.21% |
58.02% |
57.77% |
54.32% |
56.29% |
49.26% |
48.18% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
-0.01% |
0.01% |
0.02% |
0.00% |
0.00% |
-0.01% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
51.83% |
79.22% |
47.94% |
55.71% |
41.88% |
40.19% |
45.88% |
43.40% |
49.04% |
46.84% |
Earnings before Interest and Taxes (EBIT) |
|
11 |
6.80 |
16 |
11 |
24 |
27 |
20 |
24 |
17 |
19 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
53 |
5.20 |
15 |
10 |
27 |
38 |
19 |
27 |
22 |
20 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.74 |
0.00 |
0.42 |
0.75 |
0.84 |
0.91 |
0.90 |
0.96 |
1.09 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.74 |
0.00 |
0.42 |
0.75 |
0.84 |
0.91 |
0.90 |
0.96 |
1.09 |
Price to Revenue (P/Rev) |
|
0.00 |
3.87 |
0.00 |
3.77 |
3.32 |
3.49 |
3.71 |
0.00 |
3.96 |
4.76 |
Price to Earnings (P/E) |
|
0.00 |
9.93 |
0.00 |
9.44 |
7.47 |
6.44 |
6.78 |
0.00 |
7.24 |
9.11 |
Dividend Yield |
|
10.98% |
9.89% |
9.87% |
7.65% |
7.83% |
7.74% |
6.41% |
8.97% |
9.51% |
9.47% |
Earnings Yield |
|
0.00% |
10.07% |
0.00% |
10.59% |
13.39% |
15.53% |
14.75% |
0.00% |
13.80% |
10.98% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.79 |
0.00 |
0.87 |
0.78 |
0.80 |
0.92 |
0.90 |
0.93 |
1.00 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
7.65 |
0.00 |
7.82 |
6.25 |
5.94 |
6.57 |
0.00 |
6.58 |
7.55 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
6.70 |
0.00 |
9.99 |
13.64 |
9.30 |
10.36 |
65.04 |
9.84 |
12.73 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
18.90 |
0.00 |
18.92 |
13.68 |
10.80 |
11.87 |
0.00 |
11.81 |
14.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
19.64 |
0.00 |
19.57 |
14.05 |
10.94 |
12.00 |
0.00 |
12.02 |
14.44 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
303.60 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.82 |
0.85 |
0.00 |
0.49 |
0.81 |
0.79 |
0.75 |
0.72 |
0.72 |
0.72 |
Long-Term Debt to Equity |
|
0.82 |
0.85 |
0.00 |
0.49 |
0.81 |
0.79 |
0.75 |
0.72 |
0.72 |
0.72 |
Financial Leverage |
|
0.82 |
0.85 |
0.00 |
-0.01 |
0.82 |
0.82 |
0.75 |
0.29 |
0.76 |
0.76 |
Leverage Ratio |
|
1.92 |
5.91 |
0.00 |
1.02 |
1.89 |
1.89 |
1.80 |
1.32 |
1.81 |
1.81 |
Compound Leverage Factor |
|
1.92 |
5.91 |
0.00 |
1.02 |
1.89 |
1.89 |
1.80 |
1.32 |
1.81 |
1.81 |
Debt to Total Capital |
|
45.13% |
46.06% |
0.00% |
32.67% |
44.78% |
44.18% |
42.78% |
41.82% |
41.71% |
42.00% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
45.13% |
46.06% |
0.00% |
32.67% |
44.78% |
44.18% |
42.78% |
41.82% |
41.71% |
42.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
54.87% |
53.94% |
0.00% |
67.33% |
55.22% |
55.82% |
57.22% |
58.18% |
58.29% |
58.00% |
Debt to EBITDA |
|
0.00 |
3.90 |
0.00 |
5.63 |
7.79 |
5.14 |
4.80 |
30.33 |
4.42 |
5.35 |
Net Debt to EBITDA |
|
0.00 |
3.31 |
0.00 |
5.17 |
6.39 |
3.83 |
4.51 |
27.18 |
3.91 |
4.70 |
Long-Term Debt to EBITDA |
|
0.00 |
3.90 |
0.00 |
5.63 |
7.79 |
5.14 |
4.80 |
30.33 |
4.42 |
5.35 |
Debt to NOPAT |
|
0.00 |
11.45 |
0.00 |
11.02 |
8.03 |
6.05 |
5.56 |
0.00 |
5.41 |
6.07 |
Net Debt to NOPAT |
|
0.00 |
9.71 |
0.00 |
10.13 |
6.58 |
4.50 |
5.23 |
0.00 |
4.78 |
5.34 |
Long-Term Debt to NOPAT |
|
0.00 |
11.45 |
0.00 |
11.02 |
8.03 |
6.05 |
5.56 |
0.00 |
5.41 |
6.07 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-853 |
0.00 |
15 |
-942 |
-105 |
-139 |
-1,043 |
-1,088 |
-120 |
-57 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.06 |
0.00 |
0.11 |
0.13 |
0.14 |
0.27 |
0.00 |
0.15 |
0.13 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
865 |
890 |
0.00 |
952 |
994 |
1,056 |
1,063 |
1,112 |
1,130 |
1,131 |
Invested Capital Turnover |
|
0.00 |
0.10 |
0.00 |
0.22 |
0.13 |
0.15 |
0.28 |
0.00 |
0.15 |
0.14 |
Increase / (Decrease) in Invested Capital |
|
865 |
0.00 |
0.00 |
952 |
129 |
166 |
1,063 |
1,112 |
137 |
75 |
Enterprise Value (EV) |
|
0.00 |
704 |
375 |
833 |
778 |
844 |
982 |
997 |
1,048 |
1,131 |
Market Capitalization |
|
0.00 |
356 |
375 |
402 |
414 |
497 |
554 |
580 |
631 |
713 |
Book Value per Share |
|
$19.41 |
$19.66 |
$0.00 |
$38.69 |
$21.67 |
$20.72 |
$19.85 |
$20.50 |
$19.87 |
$19.33 |
Tangible Book Value per Share |
|
$19.41 |
$19.66 |
$0.00 |
$38.69 |
$21.67 |
$20.72 |
$19.85 |
$20.50 |
$19.87 |
$19.33 |
Total Capital |
|
865 |
890 |
0.00 |
1,436 |
994 |
1,056 |
1,063 |
1,112 |
1,130 |
1,131 |
Total Debt |
|
390 |
410 |
0.00 |
469 |
445 |
467 |
455 |
465 |
471 |
475 |
Total Long-Term Debt |
|
390 |
410 |
0.00 |
469 |
445 |
467 |
455 |
465 |
471 |
475 |
Net Debt |
|
350 |
348 |
0.00 |
431 |
365 |
347 |
428 |
417 |
417 |
418 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
-0.03 |
0.03 |
0.06 |
0.00 |
0.00 |
-0.06 |
Net Nonoperating Obligations (NNO) |
|
390 |
410 |
0.00 |
-14 |
445 |
467 |
455 |
465 |
471 |
475 |
Total Depreciation and Amortization (D&A) |
|
42 |
-1.59 |
-0.19 |
-0.68 |
2.64 |
11 |
-0.67 |
2.57 |
5.09 |
1.08 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.52 |
$0.51 |
$0.00 |
$0.67 |
$0.63 |
$0.58 |
$0.57 |
$0.53 |
$0.64 |
$0.55 |
Adjusted Weighted Average Basic Shares Outstanding |
|
24.44M |
24.47M |
0.00 |
25.03M |
26.62M |
26.37M |
30.78M |
32.25M |
33.38M |
32.59M |
Adjusted Diluted Earnings per Share |
|
$0.52 |
$0.51 |
$0.00 |
$0.67 |
$0.63 |
$0.58 |
$0.57 |
$0.53 |
$0.64 |
$0.55 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
24.44M |
24.47M |
0.00 |
25.03M |
26.62M |
26.37M |
30.78M |
32.25M |
33.38M |
32.59M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.47 |
$0.18 |
$0.00 |
$0.44 |
$0.91 |
$0.96 |
$0.65 |
$0.75 |
$0.49 |
$0.51 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
48.87M |
24.84M |
0.00 |
50.63M |
28.45M |
30.65M |
31.55M |
33.16M |
33.91M |
33.91M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
7.99 |
5.38 |
15 |
11 |
24 |
26 |
14 |
24 |
16 |
18 |
Normalized NOPAT Margin |
|
33.72% |
16.46% |
51.94% |
44.21% |
58.02% |
57.77% |
37.88% |
56.29% |
49.26% |
48.18% |
Pre Tax Income Margin |
|
48.17% |
20.78% |
52.06% |
44.30% |
58.12% |
59.81% |
54.12% |
56.60% |
50.96% |
53.16% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
136.93% |
0.00% |
140.38% |
124.69% |
101.55% |
100.61% |
0.00% |
94.09% |
100.10% |
Augmented Payout Ratio |
|
0.00% |
136.93% |
0.00% |
140.38% |
124.69% |
101.55% |
100.61% |
0.00% |
94.09% |
100.10% |
Key Financial Trends
Fidus Investment (NASDAQ:FDUS) has demonstrated steady financial performance over the last four years, with key financial metrics showing overall growth in revenues and net income, though there have been some fluctuations in non-interest income and cash flow from operations. Below is a summary of notable trends and important financial details from quarterly reports over this period:
- Consistent growth in Total Interest Income from approximately $29.1 million in Q1 2023 to $37.5 million in Q4 2024, indicating improved core revenue generation.
- Net Income attributable to common shareholders increased notably from $10.9 million in Q2 2023 to $17.6 million in Q4 2024, reflecting stronger profitability.
- Total Revenue showed an upward trend, rising from around $24.7 million in Q2 2023 to $36.4 million in Q4 2024, highlighting revenue expansion.
- Total Common Equity increased from approximately $484.6 million at Q1 2023 to $658.8 million by Q3 2024, strengthening the company's capital base.
- Consistent quarterly dividend payments with modest increases (from $0.18 per share in Q4 2022 to $0.61 per share in Q4 2024) support stable shareholder returns.
- Non-Interest Income has been volatile, with net realized and unrealized gains fluctuating between significant gains (e.g., $9.5 million in Q4 2023) and losses (e.g., -$4.9 million in Q3 2024), which adds some unpredictability to total revenue.
- Weighted Average Shares Outstanding have gradually increased, diluting EPS somewhat, but this appears consistent with capital raising activities through equity issuance.
- Total Assets grew steadily from about $949 million in Q1 2023 to over $1.16 billion by Q3 2024, suggesting expansion in the company's asset base.
- Issuance and repayment of debt and equity have been active each quarter, reflecting ongoing capital management strategies and financing activities.
- Operating cash flows showed significant volatility, with large negative operations cash flow in early 2023 (e.g., -$77.8 million in Q2 2024 cash flows from operations) but recovery in later quarters, suggesting potential challenges in managing working capital or timing of cash flows.
- Other Operating Expenses and Insurance Policy Acquisition Costs have steadily increased, with total non-interest expenses reaching $17.1 million in Q4 2024, which could pressure margins if revenue growth slows.
Summary: Fidus Investment has expanded its revenue and net income considerably over the past four years, bolstered by rising interest income and growing equity capital. The company maintains regular dividend payments appealing to income-focused investors. However, variability in non-interest income and fluctuations in operating cash flow highlight areas to watch. Increasing operating expenses could affect profitability if not managed carefully. Overall, FDUS shows signs of steady growth and financial health with some operational risks to monitor.
08/09/25 10:31 AMAI Generated. May Contain Errors.