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PennantPark Floating Rate Capital (PFLT) Financials

$8.47 -0.20 (-2.26%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$8.55 +0.07 (+0.87%)
As of 05/15/2026 07:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for PennantPark Floating Rate Capital

Annual Income Statements for PennantPark Floating Rate Capital

This table shows PennantPark Floating Rate Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders
176 57 3.45 39 92 66
Consolidated Net Income / (Loss)
176 57 3.45 39 92 66
Net Income / (Loss) Continuing Operations
176 57 3.45 39 92 66
Total Pre-Tax Income
176 57 8.02 37 92 67
Total Revenue
233 111 70 111 200 221
Net Interest Income / (Expense)
91 65 90 122 181 251
Total Interest Income
118 65 90 122 181 251
Investment Securities Interest Income
118 65 90 122 181 251
Total Interest Expense
27 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income
142 46 -20 -11 20 -30
Other Service Charges
3.60 4.47 4.28 1.90 5.64 4.35
Net Realized & Unrealized Capital Gains on Investments
43 41 -25 -13 14 -35
Total Non-Interest Expense
58 55 62 74 109 154
Insurance Policy Acquisition Costs
9.30 5.34 12 17 18 26
Other Operating Expenses
34 38 45 55 91 128
Depreciation Expense
14 12 4.94 2.28 0.03 -0.04
Income Tax Expense
- 0.00 4.57 -2.51 -0.04 0.26
Basic Earnings per Share
- $1.46 $0.08 $0.77 $1.40 $0.72
Weighted Average Basic Shares Outstanding
- - 45.35M 58.73M 83.23M 99.22M
Diluted Earnings per Share
$0.47 $1.46 $0.08 $0.77 $1.40 $0.72
Weighted Average Diluted Shares Outstanding
- - 45.35M 58.73M 83.23M 99.22M
Basic & Diluted Earnings per Share
- $1.46 $0.08 $0.77 $1.40 $0.72
Weighted Average Basic & Diluted Shares Outstanding
- - 45.35M 58.73M 83.23M 99.22M

Quarterly Income Statements for PennantPark Floating Rate Capital

This table shows PennantPark Floating Rate Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2024 3/31/2024 6/30/2024 9/30/2024 12/31/2025 3/31/2025 6/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
7.24 5.59 14 28 31 17 31 -3.58 1.23 19 29
Consolidated Net Income / (Loss)
7.84 5.59 14 28 31 17 31 -3.58 1.23 20 29
Net Income / (Loss) Continuing Operations
7.84 5.59 14 28 31 17 31 -3.58 1.23 20 29
Total Pre-Tax Income
3.89 5.59 12 28 31 17 27 -4.21 0.76 20 29
Total Revenue
23 31 15 64 56 44 83 38 37 58 68
Net Interest Income / (Expense)
26 31 63 65 47 48 107 69 61 63 66
Total Interest Income
26 31 33 65 47 48 67 69 61 63 66
Investment Securities Interest Income
26 31 33 65 47 48 67 69 61 63 66
Total Interest Expense
0.00 0.00 -30 0.00 0.00 0.00 -40 0.00 0.00 0.00 0.00
Total Non-Interest Income
-3.59 -0.36 -48 -0.98 9.01 -4.02 -24 -31 -24 -4.99 2.81
Service Charges on Deposit Accounts
- - - -0.50 - -0.45 - -0.90 -0.65 -0.75 -0.90
Other Service Charges
0.59 0.73 0.44 1.79 1.27 0.72 1.88 0.76 0.63 0.79 0.39
Net Realized & Unrealized Capital Gains on Investments
-4.18 -1.09 -48 -2.27 7.74 -4.29 - -31 -24 -5.02 3.32
Total Non-Interest Expense
19 25 3.74 14 25 11 52 15 14 16 15
Insurance Policy Acquisition Costs
4.19 4.63 - 7.49 4.77 5.31 - 6.66 6.26 5.40 6.44
Other Operating Expenses
14 15 -5.04 6.69 20 5.25 39 8.74 7.47 10 8.73
Nonoperating Income / (Expense), net
- - - -22 - -16 - -27 -23 -23 -24
Income Tax Expense
-3.95 0.00 - -0.63 -0.23 0.00 - -0.64 -0.47 -0.30 0.33
Weighted Average Basic Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M
Diluted Earnings per Share
$0.15 $0.11 - $0.35 $0.51 $0.25 - ($0.04) $0.01 $0.19 $0.29
Weighted Average Diluted Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M
Weighted Average Basic & Diluted Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M

Annual Cash Flow Statements for PennantPark Floating Rate Capital

This table details how cash moves in and out of PennantPark Floating Rate Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents
-5.85 -6.52 1.12 49 11 11
Net Cash From Operating Activities
-4.94 50 -47 141 -801 -721
Net Cash From Continuing Operating Activities
-4.94 50 -47 141 -801 -721
Net Income / (Loss) Continuing Operations
18 57 3.45 39 92 66
Consolidated Net Income / (Loss)
18 57 3.45 39 92 66
Depreciation Expense
- 12 4.94 13 -14 35
Amortization Expense
-1.12 -2.28 -3.46 -3.79 -2.84 -7.74
Non-Cash Adjustments to Reconcile Net Income
-26 -15 -59 100 -881 -816
Changes in Operating Assets and Liabilities, net
3.31 -1.25 6.99 -7.87 4.94 1.76
Net Cash From Investing Activities
0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities
0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities
-0.91 -56 48 -92 813 731
Net Cash From Continuing Financing Activities
-0.91 -56 48 -92 813 731
Issuance of Debt
265 443 232 65 1,159 1,006
Issuance of Common Equity
0.00 1.40 82 148 214 245
Repayment of Debt
-222 -456 -218 -245 -480 -408
Payment of Dividends
-44 -44 -46 -59 -79 -112
Other Financing Activities, Net
0.00 -0.36 -1.97 -0.71 -1.43 -0.73
Effect of Exchange Rate Changes
0.02 - - 0.04 0.00 -0.00
Cash Interest Paid
26 19 26 36 51 87
Cash Income Taxes Paid
0.50 0.41 1.17 0.53 1.06 0.98

Quarterly Cash Flow Statements for PennantPark Floating Rate Capital

This table details how cash moves in and out of PennantPark Floating Rate Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2024 3/31/2024 6/30/2024 9/30/2024 12/31/2025 3/31/2025 6/30/2025 9/30/2025
Net Change in Cash & Equivalents
-4.42 5.92 41 -9.77 49 -41 27 -27 27 -8.64 20
Net Cash From Operating Activities
9.03 44 78 -233 -173 -155 -292 149 -499 -35 -335
Net Cash From Continuing Operating Activities
9.03 44 78 -233 -173 -155 -292 149 -499 -35 -335
Net Income / (Loss) Continuing Operations
7.24 5.59 28 28 31 17 21 -3.58 33 19 18
Consolidated Net Income / (Loss)
7.24 5.59 28 28 31 17 21 -3.58 33 19 18
Depreciation Expense
- - -20 29 - - - 32 17 -9.88 -5.22
Amortization Expense
-1.32 -0.78 -1.11 -5.33 -0.64 -0.96 -0.57 -0.91 -5.74 -0.58 -0.50
Non-Cash Adjustments to Reconcile Net Income
-28 72 66 -234 -214 -174 -311 123 -525 -32 -364
Changes in Operating Assets and Liabilities, net
10 -12 5.12 -51 4.69 3.29 -1.14 -1.74 -19 -12 18
Net Cash From Financing Activities
-13 -38 -37 223 222 114 319 -176 526 27 354
Net Cash From Continuing Financing Activities
-13 -38 -37 223 222 114 319 -176 526 27 354
Issuance of Debt
- 35 - 165 367 50 491 77 520 25 385
Payment of Dividends
-13 -15 -18 -24 -18 -20 -22 -31 -21 -30 -31
Other Financing Activities, Net
-0.25 -0.44 - -0.50 -0.99 0.42 -0.87 0.00 -0.65 -0.08 -0.00
Effect of Exchange Rate Changes
- - - -0.01 - -0.01 - 0.01 -0.01 - -0.00
Cash Interest Paid
6.82 12 5.74 23 9.50 12 19 29 14 19 25

Annual Balance Sheets for PennantPark Floating Rate Capital

This table presents PennantPark Floating Rate Capital'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 2025
Period end date 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets
1,171 1,227 1,180 2,109 2,914
Cash and Due from Banks
50 51 101 112 123
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables
- - 0.00 0.29 0.32
Other Assets
1,121 1,176 1,079 13 59
Total Liabilities & Shareholders' Equity
1,171 1,227 1,180 2,109 2,914
Total Liabilities
680 700 526 1,232 1,839
Short-Term Debt
219 168 9.40 444 684
Accrued Interest Payable
5.46 8.16 8.62 15 19
Long-Term Debt
434 508 486 733 1,093
Other Long-Term Liabilities
22 16 22 32 43
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
491 527 654 877 1,075
Total Preferred & Common Equity
491 527 654 877 1,075
Total Common Equity
491 527 654 877 1,075
Common Stock
539 618 765 977 1,220
Retained Earnings
-48 -91 -112 -100 -145

Quarterly Balance Sheets for PennantPark Floating Rate Capital

This table presents PennantPark Floating Rate Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026
Period end date 12/31/2022 3/31/2023 6/30/2023 12/31/2024 3/31/2024 6/30/2024 12/31/2025 3/31/2025 6/30/2025 3/31/2026
Total Assets
2,765 1,224 1,183 2,344 1,616 1,757 2,716 2,472 2,522 2,748
Cash and Due from Banks
- 50 59 102 125 85 95 111 103 122
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables
- - - 0.31 0.24 0.07 0.24 0.08 0.16 0.14
Other Assets
2,765 1,174 1,124 2,242 1,490 1,672 45 16 15 69
Total Liabilities & Shareholders' Equity
-644 1,224 1,183 2,344 1,616 1,757 2,716 2,472 2,522 2,748
Total Liabilities
-644 670 575 1,382 895 940 1,676 1,405 1,434 1,709
Short-Term Debt
- 148 64 609 169 219 489 274 299 328
Accrued Interest Payable
- 8.65 6.14 13 11 15 16 15 19 15
Long-Term Debt
- 486 489 734 693 678 1,143 1,092 1,092 1,339
Other Long-Term Liabilities
-644 27 16 26 22 29 28 24 24 26
Commitments & Contingencies
- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
0.00 555 608 963 721 817 1,040 1,067 1,088 1,039
Total Preferred & Common Equity
0.00 555 608 963 721 817 1,040 1,067 1,088 1,039
Total Common Equity
0.00 555 608 963 721 817 1,040 1,067 1,088 1,039
Common Stock
0.00 667 731 1,059 816 916 1,220 1,190 1,222 1,220
Retained Earnings
- -112 -122 -96 -95 -99 -179 -123 -134 -181

Annual Metrics And Ratios for PennantPark Floating Rate Capital

This table displays calculated financial ratios and metrics derived from PennantPark Floating Rate Capital's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Growth Metrics
- - - - - -
Revenue Growth
0.00% -52.34% -37.17% 58.70% 80.79% 10.17%
EBITDA Growth
0.00% -62.29% -82.47% 270.70% 152.50% 25.21%
EBIT Growth
0.00% -67.84% -85.81% 358.17% 149.80% -27.43%
NOPAT Growth
0.00% -67.84% -93.89% 1,037.01% 133.92% -27.74%
Net Income Growth
0.00% -67.84% -93.89% 1,037.01% 133.92% -27.74%
EPS Growth
0.00% 210.64% 0.00% 862.50% 81.82% -48.57%
Operating Cash Flow Growth
0.00% 1,107.83% -193.54% 401.77% -670.12% 10.08%
Free Cash Flow Firm Growth
0.00% 0.00% 126.95% 46.35% -166.04% 10.19%
Invested Capital Growth
0.00% 0.00% -26.36% -50.93% 78.79% 38.79%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 67.47% 50.73% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 220.78% 28.71% 0.00%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 243.71% 26.59% 0.00%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 319.33% 19.74% 0.00%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 241.33% 22.72% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 10.37% -85.75% -6.31%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% -22.86% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% -66.32% -50.50% 0.00%
Profitability Metrics
- - - - - -
EBITDA Margin
74.84% 59.22% 13.61% 31.78% 44.39% 42.35%
EBIT Margin
75.32% 50.83% 11.48% 33.14% 45.80% 30.17%
Profit (Net Income) Margin
75.32% 50.83% 4.94% 35.41% 45.81% 30.05%
Tax Burden Percent
100.00% 100.00% 43.05% 106.83% 100.04% 99.61%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 56.95% -6.83% -0.04% 0.39%
Return on Invested Capital (ROIC)
0.00% 3.55% 0.13% 2.25% 5.73% 2.71%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 3.55% 0.13% 2.25% 5.73% 2.71%
Return on Net Nonoperating Assets (RNNOA)
0.00% -4,262.48% -260.34% 9.76% 6.26% 4.09%
Return on Equity (ROE)
0.00% -4,258.93% -260.21% 12.01% 12.00% 6.80%
Cash Return on Invested Capital (CROIC)
0.00% -196.45% 30.49% 70.58% -50.79% -29.79%
Operating Return on Assets (OROA)
0.00% 2.20% 0.33% 2.09% 5.58% 2.65%
Return on Assets (ROA)
0.00% 2.20% 0.14% 2.23% 5.59% 2.64%
Return on Common Equity (ROCE)
0.00% -4,258.93% -260.21% 12.01% 12.00% 6.80%
Return on Equity Simple (ROE_SIMPLE)
0.00% -2,129.47% 0.00% 6.01% 10.47% 6.18%
Net Operating Profit after Tax (NOPAT)
176 57 3.45 39 92 66
NOPAT Margin
75.32% 50.83% 4.94% 35.41% 45.81% 30.05%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
24.68% 49.17% 88.52% 66.86% 54.20% 69.83%
Earnings before Interest and Taxes (EBIT)
176 57 8.02 37 92 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
175 66 9.51 35 89 94
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.83 0.93 0.80
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.83 0.93 0.80
Price to Revenue (P/Rev)
0.00 0.00 0.00 4.89 4.09 3.90
Price to Earnings (P/E)
0.00 0.00 0.00 13.80 8.92 12.99
Dividend Yield
21.00% 12.56% 15.30% 12.85% 11.03% 14.16%
Earnings Yield
0.00% 0.00% 0.00% 7.25% 11.21% 7.70%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.82 0.92 0.88
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 8.45 9.40 11.39
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 26.57 21.17 26.91
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 25.48 20.52 37.77
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 23.85 20.51 37.91
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 6.66 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.76 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.00 0.76 1.34 1.65
Long-Term Debt to Equity
0.00 0.00 0.00 0.74 0.84 1.02
Financial Leverage
0.00 -1,199.14 -2,081.44 4.34 1.09 1.51
Leverage Ratio
0.00 -968.74 -1,851.04 5.39 2.15 2.57
Compound Leverage Factor
0.00 -968.74 -1,851.04 5.39 2.15 2.57
Debt to Total Capital
0.00% 0.00% 100.00% 43.12% 57.30% 62.31%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.82% 21.61% 23.98%
Long-Term Debt to Total Capital
0.00% 0.00% 100.00% 42.30% 35.69% 38.33%
Preferred Equity to Total Capital
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%
Common Equity to Total Capital
0.00% 100.00% 0.00% 56.88% 42.70% 37.69%
Debt to EBITDA
0.00 0.00 -0.52 14.06 13.23 19.00
Net Debt to EBITDA
0.00 0.00 -0.52 11.20 11.97 17.69
Long-Term Debt to EBITDA
0.00 0.00 -0.52 13.79 8.24 11.69
Debt to NOPAT
0.00 0.00 -1.43 12.62 12.82 26.77
Net Debt to NOPAT
0.00 0.00 -1.43 10.06 11.60 24.92
Long-Term Debt to NOPAT
0.00 0.00 -1.43 12.38 7.98 16.47
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -3,123 842 1,232 -813 -731
Operating Cash Flow to CapEx
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
Operating Cash Flow to Interest Expense
-0.18 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
-0.18 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.04 0.03 0.06 0.12 0.09
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 3,180 2,342 1,149 2,054 2,851
Invested Capital Turnover
0.00 0.07 0.03 0.06 0.13 0.09
Increase / (Decrease) in Invested Capital
0.00 3,180 -838 -1,193 905 797
Enterprise Value (EV)
0.00 0.00 0.00 937 1,884 2,516
Market Capitalization
0.00 0.00 0.00 542 819 862
Book Value per Share
$0.00 $0.00 $0.00 $11.13 $11.95 $10.83
Tangible Book Value per Share
$0.00 $0.00 $0.00 $11.13 $11.95 $10.83
Total Capital
0.00 -2.65 -4.94 1,149 2,054 2,851
Total Debt
0.00 0.00 -4.94 495 1,177 1,777
Total Long-Term Debt
0.00 0.00 -4.94 486 733 1,093
Net Debt
0.00 0.00 -4.94 395 1,065 1,654
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
0.00 3,183 2,342 495 1,177 1,777
Total Depreciation and Amortization (D&A)
-1.12 9.33 1.49 -1.51 -2.82 27
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $1.40 $0.72
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 45.35M 58.73M 83.23M 99.22M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.08 $0.00 $1.40 $0.72
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 45.35M 58.73M 83.23M 99.22M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $1.40 $0.72
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 45.35M 58.73M 83.23M 99.22M
Normalized Net Operating Profit after Tax (NOPAT)
123 40 5.61 26 64 66
Normalized NOPAT Margin
52.72% 35.58% 8.04% 23.20% 32.06% 30.05%
Pre Tax Income Margin
75.32% 50.83% 11.48% 33.14% 45.80% 30.17%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
6.48 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
6.48 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
6.48 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
6.48 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
25.15% 78.22% 1,334.12% 149.61% 85.82% 168.10%
Augmented Payout Ratio
25.15% 78.22% 1,334.12% 149.61% 85.82% 168.10%

Quarterly Metrics And Ratios for PennantPark Floating Rate Capital

This table displays calculated financial ratios and metrics derived from PennantPark Floating Rate Capital's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2025 3/31/2025 6/30/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - - 99,217,896.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 99,217,896.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 0.29
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-15.54% 15.88% 152.69% 180.35% 145.47% 44.65% 437.73% - -32.83% 31.90% 84.72%
EBITDA Growth
812.41% -83.51% 81.74% 3,200.54% 1,075.36% 233.31% 431.10% - -94.58% -12.48% 52.02%
EBIT Growth
-78.86% -52.63% 123.05% 2,610.50% 694.06% 204.20% 165.21% - -96.05% 26.90% 128.49%
NOPAT Growth
-45.90% -52.63% 132.92% 3,686.43% 296.67% 204.20% 129.37% - -94.64% 28.86% 39.60%
Net Income Growth
-45.90% -52.63% 126.83% 1,486.98% 296.67% 204.20% 119.88% - -94.64% 17.64% 2,245.96%
EPS Growth
-16.67% 0.00% 0.00% 1,050.00% 240.00% 127.27% 0.00% - -98.04% -24.00% 2,800.00%
Operating Cash Flow Growth
145.98% 560.03% 20.32% -3,806.71% -2,011.30% -453.09% -473.02% - 0.00% 77.26% 0.00%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 133.05% 156.75% 150.37% -172.95% - -141.92% -141.75% 72.83%
Invested Capital Growth
0.00% 0.00% -50.93% -32.39% -55.76% -49.79% 78.79% - 53.77% 44.70% 11.24%
Revenue Q/Q Growth
-27.95% 0.00% -53.75% 166.35% 35.58% 0.00% 198.96% - 0.00% 53.19% 0.00%
EBITDA Q/Q Growth
-79.93% -54.51% -11,718.99% 602.29% 101.26% -24.67% 89.19% - 0.00% 2,499.18% 0.00%
EBIT Q/Q Growth
-71.00% -53.01% 5,025.32% 92.49% 41.20% -22.48% 81.83% - 0.00% 3,354.75% 0.00%
NOPAT Q/Q Growth
-41.52% -53.01% 7,136.17% 92.49% 42.25% -22.48% 27.39% - 0.00% 2,467.46% 0.00%
Net Income Q/Q Growth
-41.52% 0.00% 6,084.81% 58.41% 42.25% 0.00% 85.28% - 0.00% 1,094.00% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 1,800.00% 0.00%
Operating Cash Flow Q/Q Growth
43.89% 386.32% 66.25% -397.50% 5.11% 10.16% -88.11% - 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
-5.08% 4.44% 135.30% -6.43% 435.65% 2,005.86% -22.40% - 0.00% 14.85% 0.00%
Invested Capital Q/Q Growth
4.90% -4.61% -66.32% 100.60% -60.78% -53.55% -50.50% - 0.00% 1.89% 0.00%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
11.26% 15.76% -59.55% 112.30% 53.90% 36.32% 36.67% - 3.23% 54.89% 77.82%
EBIT Margin
17.01% 18.30% 75.73% 54.73% 55.04% 38.49% 37.35% - 3.24% 73.01% 77.82%
Profit (Net Income) Margin
34.31% 18.30% 92.02% 54.73% 55.45% 38.49% 37.63% - 4.42% 34.48% 42.03%
Tax Burden Percent
201.67% 100.00% 121.51% 100.00% 100.74% 100.00% 116.49% - 136.64% 101.55% 98.87%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 86.48% - 100.00% 46.51% 54.63%
Effective Tax Rate
-101.67% 0.00% 0.00% 0.00% -0.74% 0.00% 0.00% - -36.64% -1.55% 1.13%
Return on Invested Capital (ROIC)
0.99% 0.57% 4.81% 2.63% 3.31% 2.00% 4.04% - 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.99% 0.57% 4.99% 2.63% 3.31% 2.00% 4.57% - 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 21.65% 12.98% 20.36% 10.54% 4.99% - 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% 0.00% 26.46% 15.61% 23.66% 12.54% 9.04% - 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 70.58% 40.87% 80.11% -25.84% -50.79% - 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.30% 0.34% 4.77% 2.94% 3.73% 2.22% 4.55% - 0.00% 0.00% 0.00%
Return on Assets (ROA)
0.61% 0.34% 5.80% 2.94% 3.76% 2.22% 4.59% - 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)
0.00% 0.00% 26.46% 15.61% 23.66% 12.54% 9.04% - 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 6.58% 9.85% 9.16% 0.00% - 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
7.84 5.59 12 22 31 17 27 - 1.67 43 53
NOPAT Margin
34.31% 18.30% 75.73% 54.73% 55.45% 38.49% 32.30% - 4.42% 74.14% 76.93%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% -0.18% 0.00% 0.00% 0.00% -0.53% - 0.00% 2.00% 1.57%
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
82.99% 81.70% 24.27% 45.27% 44.96% 61.51% 62.65% - 96.76% 26.99% 22.19%
Earnings before Interest and Taxes (EBIT)
3.89 5.59 12 22 31 17 31 - 1.22 42 53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2.57 4.82 -9.18 46 30 16 30 - 1.22 32 53
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.83 0.66 0.89 0.82 0.93 - 0.91 0.93 0.76
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.83 0.66 0.89 0.82 0.93 - 0.91 0.93 0.76
Price to Revenue (P/Rev)
8.34 8.37 4.89 4.60 4.17 5.02 4.09 - 0.00 0.00 0.00
Price to Earnings (P/E)
177.65 0.00 13.80 9.98 8.95 8.91 8.92 - 0.00 0.00 0.00
Dividend Yield
13.20% 12.98% 12.85% 11.22% 11.78% 11.35% 11.03% - 11.11% 12.02% 15.48%
Earnings Yield
0.56% 0.00% 7.25% 10.02% 11.17% 11.22% 11.21% - 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.12 0.13 0.82 0.81 0.87 0.86 0.92 - 0.92 0.93 0.86
Enterprise Value to Revenue (EV/Rev)
8.33 8.37 8.45 13.64 8.95 11.12 9.40 - 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
28.20 0.00 26.57 33.29 19.95 21.40 21.17 - 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 25.48 31.14 19.07 20.40 20.52 - 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 23.85 29.55 19.07 19.29 20.51 - 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
6.08 3.50 6.66 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 0.76 1.60 0.67 0.00 0.00 - 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.76 1.39 1.20 1.10 1.34 - 1.28 1.28 1.61
Long-Term Debt to Equity
0.00 0.00 0.74 0.76 0.96 0.83 0.84 - 1.02 1.00 1.29
Financial Leverage
0.00 0.00 4.34 4.94 6.16 5.27 1.09 - 1.25 1.20 1.44
Leverage Ratio
0.00 0.00 5.39 5.31 6.29 5.65 2.15 - 2.29 2.25 2.48
Compound Leverage Factor
0.00 0.00 5.39 5.31 6.29 5.65 1.86 - 2.29 1.04 1.35
Debt to Total Capital
100.00% 0.00% 43.12% 58.24% 54.45% 52.32% 57.30% - 56.14% 56.13% 61.62%
Short-Term Debt to Total Capital
0.00% 0.00% 0.82% 26.41% 10.67% 12.78% 21.61% - 11.25% 12.06% 12.13%
Long-Term Debt to Total Capital
100.00% 0.00% 42.30% 31.82% 43.77% 39.55% 35.69% - 44.88% 44.07% 49.49%
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
0.00% 0.00% 56.88% 41.76% 45.55% 47.68% 42.70% - 43.86% 43.87% 38.38%
Debt to EBITDA
-0.03 0.00 14.06 23.87 12.48 12.97 13.23 - 0.00 0.00 0.00
Net Debt to EBITDA
-0.03 0.00 11.20 22.05 10.67 11.74 11.97 - 0.00 0.00 0.00
Long-Term Debt to EBITDA
-0.03 0.00 13.79 13.04 10.04 9.80 8.24 - 0.00 0.00 0.00
Debt to NOPAT
0.03 0.00 12.62 21.19 11.93 11.69 12.82 - 0.00 0.00 0.00
Net Debt to NOPAT
0.03 0.00 10.06 19.57 10.20 10.58 11.60 - 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.03 0.00 12.38 11.58 9.59 8.83 7.98 - 0.00 0.00 0.00
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)
-3,568 -3,406 1,204 1,127 2,025 1,715 -879 - -849 -723 -221
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
0.02 0.02 0.06 0.05 0.07 0.06 0.12 - 0.00 0.00 0.00
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
3,576 3,412 1,149 2,305 1,582 1,713 2,054 - 2,433 2,479 2,706
Invested Capital Turnover
0.03 0.03 0.06 0.05 0.06 0.05 0.13 - 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital
3,576 3,412 -1,193 -1,104 -1,994 -1,698 905 - 851 766 273
Enterprise Value (EV)
430 445 937 1,872 1,377 1,479 1,884 - 2,228 2,304 2,334
Market Capitalization
431 445 542 632 641 668 819 - 974 1,015 788
Book Value per Share
$0.00 $0.00 $11.13 $16.39 $11.69 $11.12 $11.95 - $12.13 $10.96 $10.47
Tangible Book Value per Share
$0.00 $0.00 $11.13 $16.39 $11.69 $11.12 $11.95 - $12.13 $10.96 $10.47
Total Capital
-0.50 0.00 1,149 2,305 1,582 1,713 2,054 - 2,433 2,479 2,706
Total Debt
-0.50 0.00 495 1,342 861 896 1,177 - 1,366 1,391 1,668
Total Long-Term Debt
-0.50 0.00 486 734 693 678 733 - 1,092 1,092 1,339
Net Debt
-0.50 0.00 395 1,240 736 812 1,065 - 1,254 1,289 1,546
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 -2.51 0.00 0.00 0.00 -4.41 - 0.00 23 24
Net Nonoperating Obligations (NNO)
3,576 3,412 495 1,342 861 896 1,177 - 1,366 1,391 1,668
Total Depreciation and Amortization (D&A)
-1.32 -0.78 -21 24 -0.64 -0.96 -0.57 - -0.00 -10 0.00
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.38 $0.51 $0.25 $0.00 $0.00 $0.01 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M
Adjusted Diluted Earnings per Share
$0.15 $0.00 $0.00 $0.38 $0.51 $0.25 $0.00 ($0.04) $0.01 $0.19 $0.29
Adjusted Weighted Average Diluted Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.38 $0.51 $0.25 $0.00 $0.00 $0.01 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
49.73M 58.73M 58.73M 87.96M 66.73M 73.42M 83.23M 99.22M 99.22M 99.22M 99.22M
Normalized Net Operating Profit after Tax (NOPAT)
2.72 3.92 8.17 16 22 12 19 - 0.85 30 53
Normalized NOPAT Margin
11.91% 12.81% 53.01% 38.31% 38.53% 26.95% 22.61% - 2.27% 51.11% 76.93%
Pre Tax Income Margin
17.01% 18.30% 75.73% 54.73% 55.04% 38.49% 32.30% - 3.24% 33.95% 42.51%
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
-253.14% -275.54% 149.61% 100.83% 97.02% 98.97% 85.82% - 0.00% 0.00% 0.00%
Augmented Payout Ratio
-253.14% -275.54% 149.61% 100.83% 97.02% 98.97% 85.82% - 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

PennantPark Floating Rate Capital Ltd. (PFLT) has shown improving net income in the latest 2025 quarters, supported by ongoing debt and equity financing that boosted financing cash flow. However, cash flow from operations remains negative in several periods due to large non-cash adjustments and working-capital movements, and leverage is sizable. Below are the top takeaways based on the last four years of quarterly data.

  • Profitability improving in late 2025: Net income from continuing operations was about $19.9 million in Q3 2025 and about $17.5 million in Q4 2025, with diluted EPS of $0.19 in Q3 2025.
  • Significant financing activity provides liquidity: Net cash from continuing financing activities was about $354.5 million in Q4 2025, aided by a debt issuance of $385 million and an equity issuance of about $31.7 million in Q3 2025.
  • Solid balance-sheet liquidity and capitalization: Cash and cash equivalents were around $102.7 million in Q3 2025, total assets near $2.52 billion, and total equity around $1.09 billion.
  • Continued access to capital markets: Debt issuances occurred in multiple periods (e.g., $491 million in Q4 2024 and $385 million in Q4 2025), signaling ongoing funding capacity for portfolio investments.
  • Per-share momentum supported by earnings: Diluted EPS of $0.19 in Q3 2025 and $0.01 in Q2 2025 indicate improving profitability over the year, despite some quarterly fluctuations (Q1 2025 was negative).
  • Non-cash adjustments are large and recurring: Substantial non-cash adjustments to reconcile net income occurred in several quarters (e.g., Q4 2025: -$364.217 million; Q3 2025: -$31.860 million; Q4 2024: -$311.401 million), which can distort earnings versus cash flow.
  • Operating cash flow often negative: Net cash from continuing operating activities was negative in several quarters (e.g., Q4 2025: -$334.529 million; Q3 2025: -$35.266 million), implying cash generation from core operations has lagged earnings.
  • Leverage remains substantial: As of Q3 2025, total liabilities around $1.43 billion versus total equity around $1.09 billion, implying a debt-heavy balance sheet typical for a BDC/REIT and a moderate debt-to-equity posture (~1.3x).
  • Cash flow timing and cash balance can swing with financing activity: Net change in cash and equivalents has fluctuated (e.g., Q3 2025: -$86.41 million; Q4 2025: +$19.96 million), reflecting financing/timing effects on cash, not just operating performance.
  • Quarterly net income volatility persists: Net income shows variability (e.g., Q1 2025 consolidated net income was -$3.58 million), underscoring quarterly earnings volatility alongside longer-term profitability trends.
  • Ongoing cash-flow concerns from operations: The combination of negative operating cash flow in many periods and large non-cash charges raises questions about the rhythm of cash generation from the portfolio relative to reported earnings.
  • Non-operating income / (expense) pressures: Net nonoperating expense was negative in some quarters (e.g., Q3 2025 shows net non-operating expense, which weighed on pretax income), contributing to cash-flow and earnings dispersion.
05/17/26 04:57 PM ETAI Generated. May Contain Errors.

PennantPark Floating Rate Capital Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PennantPark Floating Rate Capital's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

PennantPark Floating Rate Capital's net income appears to be on a downward trend, with a most recent value of $66.37 million in 2025, falling from $175.74 million in 2020. The previous period was $91.84 million in 2024. Find out what analysts predict for PennantPark Floating Rate Capital in the coming months.

Over the last 5 years, PennantPark Floating Rate Capital's total revenue changed from $233.32 million in 2020 to $220.85 million in 2025, a change of -5.3%.

PennantPark Floating Rate Capital's total liabilities were at $1.84 billion at the end of 2025, a 49.3% increase from 2024, and a 170.4% increase since 2021.

In the past 4 years, PennantPark Floating Rate Capital's cash and equivalents has ranged from $49.83 million in 2021 to $122.69 million in 2025, and is currently $122.69 million as of their latest financial filing in 2025.

Over the last 5 years, PennantPark Floating Rate Capital's book value per share changed from 0.00 in 2020 to 10.83 in 2025, a change of 1,083.0%.



Financial statements for NYSE:PFLT last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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