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Fidus Investment (FDUS) Financials

Fidus Investment logo
$21.53 +0.09 (+0.42%)
Closing price 04:00 PM Eastern
Extended Trading
$21.54 +0.00 (+0.02%)
As of 04:10 PM Eastern
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Annual Income Statements for Fidus Investment

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.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 116 36 77 78
Consolidated Net Income / (Loss)		 116 36 77 78
Net Income / (Loss) Continuing Operations		 116 36 77 78
Total Pre-Tax Income 		119 37 78 81
Total Revenue		 183 92 142 150
Net Interest Income / (Expense)		 90 94 130 146
Total Interest Income		 90 94 130 146
Total Interest Expense		 0.00 0.00 0.00 0.00
Total Non-Interest Income		 93 -2.16 12 3.66
Net Realized & Unrealized Capital Gains on Investments		 93 -2.16 12 3.66
Total Non-Interest Expense		 65 55 64 69
Insurance Policy Acquisition Costs		 28 7.89 19 19
Other Operating Expenses		 36 47 45 50
Income Tax Expense		 2.57 1.41 1.03 2.44
Basic Earnings per Share		 $1.03 $1.90 $2.47 $2.29
Weighted Average Basic Shares Outstanding		 24.44M 24.47M 26.37M 32.59M
Diluted Earnings per Share		 $1.03 $1.90 $2.47 $2.29
Weighted Average Diluted Shares Outstanding		 24.44M 24.47M 26.37M 32.59M
Basic & Diluted Earnings per Share		 $4.75 $1.46 $2.93 $2.40
Weighted Average Basic & Diluted Shares Outstanding		 - 24.84M 30.65M 33.91M
Cash Dividends to Common per Share		 $1.60 $2.00 $2.88 $2.42

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 shown consistent operational performance over the past two years, with key financial metrics generally trending upward. Here is a summary of important trends and data points based on the last several quarters of financial statements through Q4 2024:

  • Revenue growth: Total interest income increased steadily from $29.1 million in Q1 2023 to $37.5 million in Q4 2024, indicating increasing interest-earning assets or yield improvements.
  • Net income growth: Quarterly net income attributable to common shareholders rose from $15.5 million in Q1 2023 to $17.6 million by Q4 2024, reflecting generally improving profitability.
  • Earnings per share (EPS) showed positive trends within this period, with basic EPS around $0.59 in Q1 2023 improving to $0.55-$0.64 in recent quarters, despite some dilution from share issuance.
  • Operating cash flow recovery: After a negative operating cash flow in Q1 2024 (-$77.8 million), the company’s net cash from operating activities improved significantly to $20.5 million by Q4 2024, signaling better cash generation.
  • Strong issuance of equity and moderate debt management: The company issued common stock multiple times over the quarters, boosting cash resources, and managed to partially repay debt in certain periods.
  • Dividend policy: The company consistently paid dividends, with per-share payments fluctuating from $0.18 in Q4 2022 to roughly $0.61 in Q4 2024, reflecting a commitment to shareholder returns but also a significant cash outflow.
  • Total assets and equity growth: Total assets grew from roughly $949 million at Q1 2023 to about $1.16 billion by Q3 2024, while total equity increased accordingly, showing balance sheet expansion.
  • Capital gains volatility: The net realized and unrealized capital gains component has been volatile, swinging between positive and negative values each quarter, impacting total non-interest income and overall earnings.
  • Fluctuating non-interest expenses: Insurance policy acquisition costs and other operating expenses have fluctuated between $12 million and $18 million, exerting pressure on net income stability.
  • Significant fluctuations in non-cash adjustments and changes in operating assets/liabilities affected cash flows, notably large negative adjustments in Q1 2024 impacting operating cash flow adversely.

Overall, Fidus Investment maintains a positive earnings trajectory bolstered by growing interest income and improving operating cash flow. However, the company experiences volatility in capital gains and non-interest income/expenses, which introduces some variability in quarterly results. The consistent dividend payments and equity raises highlight management's focus on shareholder returns and liquidity.

08/29/25 04:01 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Fidus Investment's Financials

When does Fidus Investment's fiscal year end?

According to the most recent income statement we have on file, Fidus Investment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Fidus Investment's net income changed over the last 3 years?

Fidus Investment's net income appears to be on a downward trend, with a most recent value of $78.29 million in 2024, falling from $116.10 million in 2021. The previous period was $77.13 million in 2023. Find out what analysts predict for Fidus Investment in the coming months.

How has Fidus Investment's revenue changed over the last 3 years?

Over the last 3 years, Fidus Investment's total revenue changed from $183.49 million in 2021 to $149.81 million in 2024, a change of -18.4%.

How much debt does Fidus Investment have?

Fidus Investment's total liabilities were at $508.45 million at the end of 2024, a 1.4% increase from 2023, and a 50,844,600,000.0% increase since 2021.

How much cash does Fidus Investment have?

In the past 3 years, Fidus Investment's cash and equivalents has ranged from $5.27 in 2021 to $119.13 million in 2023, and is currently $57.16 million as of their latest financial filing in 2024.

How has Fidus Investment's book value per share changed over the last 3 years?

Over the last 3 years, Fidus Investment's book value per share changed from 0.00 in 2021 to 19.33 in 2024, a change of 1,933.3%.


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This page (NASDAQ:FDUS) was last updated on 8/29/2025 by MarketBeat.com Staff
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