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Blue Owl Capital (OBDC) Financials

Blue Owl Capital logo
$13.04 +0.04 (+0.27%)
As of 10:37 AM Eastern
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Annual Income Statements for Blue Owl Capital

Annual Income Statements for Blue Owl Capital

This table shows Blue Owl 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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 345 598 466 793 522
Consolidated Net Income / (Loss)		 388 625 451 793 595
Net Income / (Loss) Continuing Operations		 517 490 451 754 741
Total Pre-Tax Income 		519 494 461 766 753
Total Revenue		 608 775 1,103 1,577 1,523
Net Interest Income / (Expense)		 650 802 1,079 1,582 1,597
Total Interest Income		 803 1,021 1,079 1,582 1,597
Investment Securities Interest Income		 803 1,021 1,079 1,582 1,597
Total Interest Expense		 153 219 0.00 0.00 0.00
Total Non-Interest Income		 -43 -27 23 -4.84 -73
Other Service Charges		 15 26 19 16 23
Net Realized & Unrealized Capital Gains on Investments		 -57 -54 4.15 -58 -97
Investment Banking Income		 0.00 0.00 - 37 0.12
Total Non-Interest Expense		 131 308 642 816 844
Salaries and Employee Benefits		 94 104 - 160 157
Other Operating Expenses		 37 204 524 656 687
Income Tax Expense		 2.02 4.01 9.77 13 12
Other Adjustments to Consolidated Net Income / (Loss)		 -130 135 - 40 -146
Basic Earnings per Share		 $1.00 $1.59 $1.18 $2.03 $1.53
Weighted Average Basic Shares Outstanding		 388.65M 392.30M 394.01M 390.10M 390.07M
Diluted Earnings per Share		 $1.00 $1.59 $1.18 $2.03 $1.53
Weighted Average Diluted Shares Outstanding		 388.65M 392.30M 394.01M 390.10M 390.07M
Weighted Average Basic & Diluted Shares Outstanding		 - - 390.95M 389.73M 510.85M

Quarterly Income Statements for Blue Owl Capital

This table shows Blue Owl Capital'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 Q1 2025
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 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 271 295 202 196 207 189 183 122 135 82 243
Consolidated Net Income / (Loss)		 265 21 162 201 217 213 183 122 148 142 255
Net Income / (Loss) Continuing Operations		 147 404 162 187 190 214 183 189 185 184 255
Total Pre-Tax Income 		148 412 162 189 193 222 188 192 188 185 260
Total Revenue		 239 746 254 399 409 515 279 396 419 429 368
Net Interest Income / (Expense)		 233 706 227 394 399 562 280 397 406 514 310
Total Interest Income		 314 557 331 394 399 458 400 397 406 394 459
Investment Securities Interest Income		 314 - 331 394 399 458 400 397 406 394 459
Total Interest Expense		 81 -149 104 0.00 0.00 -104 119 0.00 0.00 -119 149
Long-Term Debt Interest Expense		 81 - 104 - - - 119 - - - 149
Total Non-Interest Income		 5.67 40 26 5.01 9.91 -46 -1.38 -0.85 13 -84 57
Other Service Charges		 5.60 - 3.36 7.43 2.51 2.40 5.51 6.17 5.52 5.97 5.65
Net Realized & Unrealized Capital Gains on Investments		 0.07 33 23 -2.42 -1.52 -77 -6.90 -7.02 -1.18 -82 51
Total Non-Interest Expense		 84 340 91 205 206 313 92 205 218 329 107
Insurance Policy Acquisition Costs		 - - - - - - - - - - 41
Other Operating Expenses		 53 253 55 166 166 270 54 165 178 290 70
Other Special Charges		 - - -1.21 - - - - - - - -4.01
Income Tax Expense		 1.60 - - 2.38 2.73 - 5.24 2.41 3.56 0.44 5.31
Basic Earnings per Share		 $0.67 $0.49 $0.52 $0.50 $0.53 $0.48 $0.47 $0.31 $0.35 $0.40 $0.49
Weighted Average Basic Shares Outstanding		 393.82M 394.01M 391.05M 389.93M 389.70M 390.10M 389.73M 390.10M 390.22M 390.07M 494.83M
Diluted Earnings per Share		 $0.67 $0.49 $0.52 $0.50 $0.53 $0.48 $0.47 $0.31 $0.35 $0.40 $0.49
Weighted Average Diluted Shares Outstanding		 393.82M 394.01M 391.05M 389.93M 389.70M 390.10M 389.73M 390.10M 390.22M 390.07M 494.83M
Weighted Average Basic & Diluted Shares Outstanding		 - 390.95M 389.80M 389.73M 389.73M 389.73M 389.73M 390.22M 390.22M 510.85M 511.05M

Annual Cash Flow Statements for Blue Owl Capital

This table details how cash moves in and out of Blue Owl 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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 41 89 -2.06 215 -146
Net Cash From Operating Activities		 -1,560 -1,227 217 1,136 160
Net Cash From Continuing Operating Activities		 -1,560 -1,227 217 1,136 113
Net Income / (Loss) Continuing Operations		 388 625 466 793 595
Consolidated Net Income / (Loss)		 388 625 466 793 595
Amortization Expense		 -33 -56 -12 -23 -38
Non-Cash Adjustments to Reconcile Net Income		 -1,960 -1,837 -350 388 -478
Changes in Operating Assets and Liabilities, net		 45 41 112 -24 33
Net Cash From Investing Activities		 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
Net Cash From Financing Activities		 1,601 1,316 -219 -921 -306
Net Cash From Continuing Financing Activities		 1,601 1,316 -219 -921 -306
Issuance of Debt		 5,404 5,522 2,531 1,746 4,183
Repayment of Debt		 -3,199 -3,742 -2,236 -2,020 -3,833
Repurchase of Common Equity		 -150 -2.60 -26 -34 0.00
Payment of Dividends		 -453 -461 -488 -613 -656
Cash Interest Paid		 113 167 234 397 419
Cash Income Taxes Paid		 1.99 4.96 3.91 3.45 6.14

Quarterly Cash Flow Statements for Blue Owl Capital

This table details how cash moves in and out of Blue Owl Capital'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 Q1 2025
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 3/31/2025
Net Change in Cash & Equivalents		 112 -10 -46 -32 64 228 83 -363 101 33 0.06
Net Cash From Operating Activities		 48 95 46 497 179 414 444 -726 -3.53 446 39
Net Cash From Continuing Operating Activities		 48 95 46 497 179 414 453 -799 5.46 453 106
Net Income / (Loss) Continuing Operations		 265 192 202 196 207 189 183 122 135 155 243
Consolidated Net Income / (Loss)		 265 192 202 196 207 189 183 122 135 155 243
Amortization Expense		 -3.80 0.83 -1.92 -2.30 -7.30 -11 -6.74 -10 -6.91 -13 -11
Non-Cash Adjustments to Reconcile Net Income		 -228 -135 -119 274 -1.79 235 316 -980 -36 222 -100
Changes in Operating Assets and Liabilities, net		 14 37 -35 29 -19 0.95 -39 70 -87 90 -26
Net Cash From Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Continuing Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 64 -105 -92 -528 -115 -186 -361 364 105 -413 -39
Net Cash From Continuing Financing Activities		 64 -105 -92 -528 -115 -186 -361 364 105 -413 -42
Issuance of Debt		 819 323 498 77 320 851 1,282 1,103 561 1,237 1,300
Repayment of Debt		 -633 -278 -422 -441 -279 -877 -1,475 -583 -288 -1,487 -1,172
Payment of Dividends		 -122 -134 -145 -152 -156 -160 -168 -156 -168 -164 -170
Cash Interest Paid		 76 57 114 77 121 84 122 72 151 74 198
Cash Income Taxes Paid		 0.40 2.25 0.40 1.10 0.21 1.74 5.66 0.18 0.02 0.28 1.57

Annual Balance Sheets for Blue Owl Capital

This table presents Blue Owl 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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 13,298 13,585 13,511 13,866
Cash and Due from Banks		 431 444 659 506
Trading Account Securities		 12,132 13,017 12,713 13,221
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Customer and Other Receivables		 3.95 18 23 17
Other Assets		 121 113 116 148
Total Liabilities & Shareholders' Equity		 13,298 13,585 13,511 13,866
Total Liabilities		 7,360 7,702 7,490 7,913
Long-Term Debt		 7,079 7,282 7,077 7,458
Other Long-Term Liabilities		 275 421 413 455
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,938 5,882 6,021 5,953
Total Preferred & Common Equity		 5,938 5,882 6,021 5,953
Total Common Equity		 5,938 5,882 6,021 5,953
Common Stock		 5,994 5,975 5,928 5,923
Retained Earnings		 -56 -92 93 29

Quarterly Balance Sheets for Blue Owl Capital

This table presents Blue Owl 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 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 3/31/2023 6/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 13,679 13,393 13,330 13,867 14,091 18,376
Cash and Due from Banks		 393 366 667 378 479 512
Trading Account Securities		 13,181 12,917 12,441 13,368 13,474 17,730
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 22 19 26 30 24 20
Other Assets		 107 115 223 116 140 152
Total Liabilities & Shareholders' Equity		 13,679 13,393 13,330 13,867 14,091 18,376
Total Liabilities		 7,762 7,444 7,301 7,872 8,129 10,637
Long-Term Debt		 7,383 7,027 6,886 7,415 7,741 10,161
Other Long-Term Liabilities		 375 417 415 448 388 476
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,917 5,949 6,029 5,994 5,962 7,739
Total Preferred & Common Equity		 5,917 5,949 6,029 5,994 5,962 7,739
Total Common Equity		 5,917 5,949 6,029 5,994 5,962 7,739
Common Stock		 5,953 5,941 5,928 5,935 5,935 7,678
Retained Earnings		 -35 8.42 101 59 27 61

Annual Metrics And Ratios for Blue Owl Capital

This table displays calculated financial ratios and metrics derived from Blue Owl Capital's official financial filings.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 0.00% 42.28% 43.02% -3.41%
EBITDA Growth		 0.00% 26.88% 9.45% 64.38% -13.15%
EBIT Growth		 0.00% 30.79% -1.23% 65.12% -10.79%
NOPAT Growth		 0.00% 37.28% -7.90% 66.94% -1.67%
Net Income Growth		 0.00% 0.00% -27.76% 75.73% -25.00%
EPS Growth		 0.00% 0.00% -25.79% 72.03% -24.63%
Operating Cash Flow Growth		 0.00% 21.35% 117.70% 422.68% -85.89%
Free Cash Flow Firm Growth		 0.00% 0.00% -7.90% -2,834.60% 103.48%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 2.38%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -2.60% 34.08%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -31.31% -9.49%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -29.92% -8.71%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -28.77% -6.21%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 28.74% -10.75%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -0.49% -4.97%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 39.08% 25.05%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -45.70%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
EBITDA Margin		 72.99% 53.00% 40.77% 46.86% 42.13%
EBIT Margin		 78.47% 60.25% 41.82% 48.28% 44.59%
Profit (Net Income) Margin		 63.80% 80.62% 40.94% 50.30% 39.06%
Tax Burden Percent		 74.64% 126.46% 97.88% 103.52% 79.05%
Interest Burden Percent		 108.94% 105.82% 100.00% 100.64% 110.80%
Effective Tax Rate		 0.39% 0.81% 2.12% 1.66% 1.55%
Return on Invested Capital (ROIC)		 0.00% 7.53% 0.00% 11.51% 5.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 11.34% 0.00% 12.63% 3.58%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 13.52% 0.00% 14.84% 4.35%
Return on Equity (ROE)		 0.00% 21.05% 0.00% 26.35% 9.94%
Cash Return on Invested Capital (CROIC)		 0.00% -192.47% 0.00% -188.49% 3.24%
Operating Return on Assets (OROA)		 0.00% 3.51% 0.00% 5.64% 4.96%
Return on Assets (ROA)		 0.00% 4.70% 0.00% 5.87% 4.35%
Return on Common Equity (ROCE)		 0.00% 21.05% 0.00% 26.35% 9.94%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.52% 0.00% 13.17% 9.99%
Net Operating Profit after Tax (NOPAT)		 517 490 451 754 741
NOPAT Margin		 85.15% 63.24% 40.94% 47.78% 48.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% -3.81% 0.00% -1.12% 2.01%
SG&A Expenses to Revenue		 15.45% 13.41% 0.00% 10.14% 10.32%
Operating Expenses to Revenue		 21.54% 39.75% 58.18% 51.72% 55.41%
Earnings before Interest and Taxes (EBIT)		 477 467 461 762 679
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 444 411 450 739 642
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.67 0.00 0.86 1.00
Price to Tangible Book Value (P/TBV)		 0.00 0.67 0.00 0.86 1.00
Price to Revenue (P/Rev)		 5.32 5.14 3.28 3.29 3.91
Price to Earnings (P/E)		 9.37 6.66 7.76 6.54 11.42
Dividend Yield		 3.86% 12.26% 14.04% 12.06% 11.38%
Earnings Yield		 10.67% 15.00% 12.89% 15.28% 8.76%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.82 0.00 0.89 0.96
Enterprise Value to Revenue (EV/Rev)		 0.00 13.72 0.00 7.36 8.47
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 25.88 0.00 15.71 20.11
Enterprise Value to EBIT (EV/EBIT)		 0.00 22.77 0.00 15.25 19.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 21.69 0.00 15.41 17.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 10.22 80.56
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 30.09
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 1.19 0.00 1.18 1.25
Long-Term Debt to Equity		 0.00 1.19 0.00 1.18 1.25
Financial Leverage		 0.00 1.19 0.00 1.18 1.21
Leverage Ratio		 0.00 2.24 0.00 2.24 2.29
Compound Leverage Factor		 0.00 2.37 0.00 2.26 2.53
Debt to Total Capital		 0.00% 54.38% 0.00% 54.03% 55.61%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 54.38% 0.00% 54.03% 55.61%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 0.00% 45.62% 0.00% 45.97% 44.39%
Debt to EBITDA		 0.00 17.23 0.00 9.58 11.62
Net Debt to EBITDA		 0.00 16.18 0.00 8.68 10.83
Long-Term Debt to EBITDA		 0.00 17.23 0.00 9.58 11.62
Debt to NOPAT		 0.00 14.44 0.00 9.39 10.06
Net Debt to NOPAT		 0.00 13.56 0.00 8.52 9.38
Long-Term Debt to NOPAT		 0.00 14.44 0.00 9.39 10.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -12,527 451 -12,345 429
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -57.17 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -10.20 -5.60 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -10.20 -5.60 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.06 0.00 0.12 0.11
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 13,017 0.00 13,098 13,411
Invested Capital Turnover		 0.00 0.12 0.00 0.24 0.11
Increase / (Decrease) in Invested Capital		 0.00 13,017 0.00 13,098 312
Enterprise Value (EV)		 0.00 10,631 0.00 11,610 12,907
Market Capitalization		 3,234 3,983 3,618 5,192 5,955
Book Value per Share		 $0.00 $15.14 $0.00 $15.45 $15.26
Tangible Book Value per Share		 $0.00 $15.14 $0.00 $15.45 $15.26
Total Capital		 0.00 13,017 0.00 13,098 13,411
Total Debt		 0.00 7,079 0.00 7,077 7,458
Total Long-Term Debt		 0.00 7,079 0.00 7,077 7,458
Net Debt		 0.00 6,648 0.00 6,418 6,952
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 130 -135 0.00 -40 146
Net Nonoperating Obligations (NNO)		 0.00 7,079 0.00 7,077 7,458
Total Depreciation and Amortization (D&A)		 -33 -56 -12 -23 -38
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.18 $2.03 $1.53
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 394.01M 390.10M 390.07M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.18 $2.03 $1.53
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 394.01M 390.10M 390.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 390.95M 389.73M 510.85M
Normalized Net Operating Profit after Tax (NOPAT)		 517 490 451 754 741
Normalized NOPAT Margin		 85.15% 63.24% 40.94% 47.78% 48.64%
Pre Tax Income Margin		 85.48% 63.75% 41.82% 48.59% 49.41%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 3.12 2.13 0.00 0.00 0.00
NOPAT to Interest Expense		 3.38 2.24 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 3.12 2.13 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 3.38 2.24 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 116.96% 73.75% 108.19% 77.32% 110.18%
Augmented Payout Ratio		 155.71% 74.17% 113.94% 81.61% 110.18%

Quarterly Metrics And Ratios for Blue Owl Capital

This table displays calculated financial ratios and metrics derived from Blue Owl Capital'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 Q1 2025
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 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 20.44% 88.86% 71.45% -30.95% 10.01% -0.83% 2.49% -16.71% -9.98%
EBITDA Growth		 365.85% 0.00% 28.56% 47.94% 30.05% -53.05% 12.05% -5.98% -0.38% -54.53% 31.59%
EBIT Growth		 372.57% 0.00% 24.02% 46.84% 31.58% -50.25% 14.88% -1.74% -0.55% -50.34% 32.43%
NOPAT Growth		 471.00% 0.00% 32.77% 49.19% 29.49% -46.14% 12.50% 1.32% -2.71% -17.04% 39.62%
Net Income Growth		 0.00% 0.00% 269.33% 673.96% -18.30% 896.28% 12.35% -39.07% -31.54% -33.57% 39.81%
EPS Growth		 0.00% 0.00% 372.73% 655.56% -20.90% -2.04% -9.62% -38.00% -33.96% -16.67% 4.26%
Operating Cash Flow Growth		 0.00% 0.00% 441.92% 462.48% 274.51% 336.81% 859.86% -246.29% -101.97% 7.76% -91.23%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 29.49% 0.00% 104.33% 98.09% -7,212.76% 99.01% -931.15%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2.91% 3.34% 0.00% 2.38% 38.61%
Revenue Q/Q Growth		 -12.54% 212.97% -66.02% 57.39% 2.43% 26.04% -45.86% 41.87% 5.87% 2.43% -14.39%
EBITDA Q/Q Growth		 27.27% 171.21% -60.60% 19.46% 1.89% -2.09% -5.98% 0.23% 7.97% -55.31% 187.36%
EBIT Q/Q Growth		 27.74% 163.99% -60.05% 19.46% 4.44% -0.19% -7.75% 2.18% 5.71% -50.16% 159.26%
NOPAT Q/Q Growth		 21.71% 180.93% -60.60% 14.91% 1.81% 16.85% -17.70% 3.48% -2.23% -0.36% 38.50%
Net Income Q/Q Growth		 120.09% -91.93% 658.31% 23.47% 8.11% -1.58% -14.49% -33.04% 21.47% -4.50% 79.98%
EPS Q/Q Growth		 844.44% -26.87% 6.12% -3.85% 6.00% -9.43% -2.08% -34.04% 12.90% 14.29% 22.50%
Operating Cash Flow Q/Q Growth		 -45.87% 98.30% -51.16% 973.02% -63.96% 131.28% 7.33% -263.54% 99.51% 12,740.39% -91.27%
Free Cash Flow Firm Q/Q Growth		 0.00% -100.00% 0.00% 2.65% 101.49% -6,875.16% 104.42% -142.86% -5,441.76% -169.12% -3,600.97%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -2.44% -100.00% 0.00% -1.41% 3.83% 2.19% 0.00% 33.48%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 62.99% 54.59% 63.28% 48.03% 47.78% 37.12% 64.46% 45.54% 46.44% 20.26% 68.01%
EBIT Margin		 64.59% 54.48% 64.04% 48.61% 49.57% 39.25% 66.87% 48.17% 48.09% 23.40% 70.87%
Profit (Net Income) Margin		 111.28% 2.87% 64.04% 50.24% 53.03% 41.41% 65.40% 30.87% 35.42% 33.03% 69.43%
Tax Burden Percent		 178.89% 5.20% 100.00% 106.09% 112.48% 96.11% 97.08% 63.81% 78.77% 76.77% 97.96%
Interest Burden Percent		 96.32% 101.39% 100.00% 97.42% 95.11% 109.77% 100.74% 100.45% 93.50% 183.82% 100.00%
Effective Tax Rate		 1.08% 0.00% 0.00% 1.26% 1.42% 0.00% 2.79% 1.26% 1.89% 0.24% 2.04%
Return on Invested Capital (ROIC)		 0.00% 0.00% 11.03% 9.61% 0.00% 10.38% 8.01% 5.79% 10.36% 4.93% 6.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 11.03% 10.01% 0.00% 10.13% 8.00% 4.86% 9.42% 4.35% 6.68%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 13.77% 11.82% 0.00% 11.91% 9.56% 5.88% 12.23% 5.28% 8.27%
Return on Equity (ROE)		 0.00% 0.00% 24.80% 21.43% 0.00% 22.29% 17.57% 11.67% 22.60% 10.21% 14.95%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -188.49% 8.99% 2.74% -188.47% 3.24% -27.08%
Operating Return on Assets (OROA)		 0.00% 0.00% 5.36% 4.84% 0.00% 4.58% 7.94% 5.65% 5.49% 2.60% 6.63%
Return on Assets (ROA)		 0.00% 0.00% 5.36% 5.00% 0.00% 4.83% 7.76% 3.62% 4.05% 3.68% 6.49%
Return on Common Equity (ROCE)		 0.00% 0.00% 24.80% 21.43% 0.00% 22.29% 17.57% 11.67% 22.60% 10.21% 14.95%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 9.63% 13.54% 0.00% 0.00% 13.49% 12.26% 11.18% 0.00% 8.63%
Net Operating Profit after Tax (NOPAT)		 147 412 162 187 190 222 183 189 185 184 255
NOPAT Margin		 61.54% 55.24% 64.04% 46.76% 46.48% 43.09% 65.49% 47.77% 44.12% 42.92% 69.43%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -0.40% 0.00% 0.24% 0.00% 0.93% 0.94% 0.58% 0.00%
SG&A Expenses to Revenue		 13.05% 0.00% 14.87% 9.92% 9.86% 8.19% 13.89% 10.13% 9.36% 9.10% 0.00%
Operating Expenses to Revenue		 35.41% 45.52% 35.96% 51.39% 50.43% 60.75% 33.13% 51.83% 51.91% 76.60% 29.13%
Earnings before Interest and Taxes (EBIT)		 154 407 162 194 203 202 187 191 202 100 260
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 150 407 161 192 195 191 180 180 195 87 250
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.69 0.75 0.00 0.86 0.92 0.95 0.93 1.00 0.75
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.69 0.75 0.00 0.86 0.92 0.95 0.93 1.00 0.75
Price to Revenue (P/Rev)		 0.00 3.28 3.54 3.33 3.14 3.29 3.47 3.56 3.46 3.91 3.89
Price to Earnings (P/E)		 0.00 7.76 6.58 5.28 6.07 6.54 7.18 8.13 8.85 11.42 10.07
Dividend Yield		 13.85% 14.04% 13.11% 12.68% 12.69% 12.06% 11.84% 11.75% 12.24% 11.38% 11.53%
Earnings Yield		 0.00% 12.89% 15.20% 18.94% 16.47% 15.28% 13.94% 12.30% 11.31% 8.76% 9.93%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.83 0.86 0.00 0.89 0.91 0.95 0.94 0.96 0.86
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 9.64 8.32 0.00 7.36 7.35 7.96 7.97 8.47 10.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 22.76 20.28 0.00 15.71 15.52 17.05 17.19 20.11 21.97
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 22.42 20.02 0.00 15.25 14.98 16.28 16.42 19.00 20.75
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 22.07 19.73 0.00 15.41 14.87 16.03 16.23 17.42 18.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 39.86 16.20 0.00 10.22 7.68 41.00 100.11 80.56 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 9.99 35.24 0.00 30.09 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 1.25 1.18 0.00 1.18 1.14 1.24 1.30 1.25 1.31
Long-Term Debt to Equity		 0.00 0.00 1.25 1.18 0.00 1.18 1.14 1.24 1.30 1.25 1.31
Financial Leverage		 0.00 0.00 1.25 1.18 0.00 1.18 1.19 1.21 1.30 1.21 1.24
Leverage Ratio		 0.00 0.00 2.31 2.25 0.00 2.24 2.26 2.28 2.36 2.29 2.30
Compound Leverage Factor		 0.00 0.00 2.31 2.19 0.00 2.46 2.28 2.29 2.21 4.20 2.30
Debt to Total Capital		 0.00% 0.00% 55.51% 54.15% 0.00% 54.03% 53.32% 55.30% 56.49% 55.61% 56.76%
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% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 55.51% 54.15% 0.00% 54.03% 53.32% 55.30% 56.49% 55.61% 56.76%
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% 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% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 44.49% 45.85% 0.00% 45.97% 46.68% 44.70% 43.51% 44.39% 43.24%
Debt to EBITDA		 0.00 0.00 15.22 12.84 0.00 9.58 9.08 9.93 10.37 11.62 14.48
Net Debt to EBITDA		 0.00 0.00 14.41 12.17 0.00 8.68 8.20 9.42 9.73 10.83 13.75
Long-Term Debt to EBITDA		 0.00 0.00 15.22 12.84 0.00 9.58 9.08 9.93 10.37 11.62 14.48
Debt to NOPAT		 0.00 0.00 14.75 12.49 0.00 9.39 8.69 9.33 9.80 10.06 12.49
Net Debt to NOPAT		 0.00 0.00 13.97 11.83 0.00 8.52 7.85 8.86 9.19 9.38 11.86
Long-Term Debt to NOPAT		 0.00 0.00 14.75 12.49 0.00 9.39 8.69 9.33 9.80 10.06 12.49
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 147 0.00 -13,138 -12,789 190 -12,876 569 -244 -13,518 -128 -4,730
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.81 0.00 -126.38 0.00 0.00 0.00 4.78 0.00 0.00 0.00 -31.85
Operating Cash Flow to Interest Expense		 0.59 0.00 0.45 0.00 0.00 0.00 3.73 0.00 0.00 0.00 0.26
Operating Cash Flow Less CapEx to Interest Expense		 0.59 0.00 0.45 0.00 0.00 0.00 3.73 0.00 0.00 0.00 0.26
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.08 0.10 0.00 0.12 0.12 0.12 0.11 0.11 0.09
Fixed Asset Turnover		 0.00 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		 0.00 0.00 13,301 12,976 0.00 13,098 12,914 13,409 13,703 13,411 17,900
Invested Capital Turnover		 0.00 0.00 0.17 0.21 0.00 0.24 0.12 0.12 0.23 0.11 0.10
Increase / (Decrease) in Invested Capital		 0.00 0.00 13,301 12,976 0.00 13,098 -386 433 13,703 312 4,986
Enterprise Value (EV)		 0.00 0.00 11,045 11,103 0.00 11,610 11,772 12,735 12,826 12,907 15,423
Market Capitalization		 3,527 3,618 4,054 4,442 4,718 5,192 5,554 5,698 5,564 5,955 5,773
Book Value per Share		 $0.00 $0.00 $15.14 $15.26 $0.00 $15.45 $15.47 $15.38 $15.28 $15.26 $15.15
Tangible Book Value per Share		 $0.00 $0.00 $15.14 $15.26 $0.00 $15.45 $15.47 $15.38 $15.28 $15.26 $15.15
Total Capital		 0.00 0.00 13,301 12,976 0.00 13,098 12,914 13,409 13,703 13,411 17,900
Total Debt		 0.00 0.00 7,383 7,027 0.00 7,077 6,886 7,415 7,741 7,458 10,161
Total Long-Term Debt		 0.00 0.00 7,383 7,027 0.00 7,077 6,886 7,415 7,741 7,458 10,161
Net Debt		 0.00 0.00 6,990 6,661 0.00 6,418 6,219 7,037 7,262 6,952 9,649
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -119 391 0.00 -14 -27 8.65 0.25 67 36 42 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 7,383 7,027 0.00 7,077 6,886 7,415 7,741 7,458 10,161
Total Depreciation and Amortization (D&A)		 -3.80 0.83 -1.92 -2.30 -7.30 -11 -6.74 -10 -6.91 -13 -11
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.49 $0.52 $0.50 $0.53 $0.48 $0.47 $0.31 $0.35 $0.40 $0.49
Adjusted Weighted Average Basic Shares Outstanding		 0.00 394.01M 391.05M 389.93M 389.70M 390.10M 389.73M 390.10M 390.22M 390.07M 494.83M
Adjusted Diluted Earnings per Share		 $0.00 $0.49 $0.52 $0.50 $0.53 $0.48 $0.47 $0.31 $0.35 $0.40 $0.49
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 394.01M 391.05M 389.93M 389.70M 390.10M 389.73M 390.10M 390.22M 390.07M 494.83M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 390.95M 389.80M 389.73M 389.73M 389.73M 389.73M 390.22M 390.22M 510.85M 511.05M
Normalized Net Operating Profit after Tax (NOPAT)		 147 289 113 187 190 155 183 189 185 184 251
Normalized NOPAT Margin		 61.54% 38.67% 44.50% 46.76% 46.48% 30.16% 65.49% 47.77% 44.12% 42.92% 68.36%
Pre Tax Income Margin		 62.21% 55.24% 64.04% 47.35% 47.14% 43.09% 67.37% 48.38% 44.97% 43.02% 70.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.90 0.00 1.56 0.00 0.00 0.00 1.57 0.00 0.00 0.00 1.75
NOPAT to Interest Expense		 1.81 0.00 1.56 0.00 0.00 0.00 1.53 0.00 0.00 0.00 1.72
EBIT Less CapEx to Interest Expense		 1.90 0.00 1.56 0.00 0.00 0.00 1.57 0.00 0.00 0.00 1.75
NOPAT Less CapEx to Interest Expense		 1.81 0.00 1.56 0.00 0.00 0.00 1.53 0.00 0.00 0.00 1.72
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 108.19% 91.88% 68.74% 77.62% 77.32% 78.15% 87.01% 97.72% 110.18% 98.54%
Augmented Payout Ratio		 0.00% 113.94% 100.31% 74.95% 84.23% 81.61% 79.62% 87.01% 97.72% 110.18% 98.54%

Financials Breakdown Chart

Key Financial Trends

Blue Owl Capital (NYSE: OBDC) has shown notable financial trends over the past four years, displaying steady revenue growth, improving profitability, and stable balance sheet management.

Positive Financial Highlights:

  • Total revenue increased significantly from approximately $238.5 million in Q3 2022 to $367.5 million in Q1 2025, reflecting strong business expansion.
  • Net income attributable to common shareholders rose from $206.9 million in Q3 2023 to $242.6 million in Q1 2025, with EPS improving from $0.35 to $0.49 diluted earnings per share over this period.
  • Net interest income grew, reaching $310.5 million in Q1 2025 from $232.8 million in Q3 2022, indicating effective management of earning assets and liabilities.
  • Operating cash flow remained strong and positive, with $105.8 million generated in Q1 2025, supporting the company’s operational needs and investments.
  • Common equity increased from around $5.95 billion in Q2 2023 to about $7.74 billion in Q1 2025, showing enhanced capital base strength.
  • Total assets rose from $13.39 billion in Q2 2023 to $18.38 billion in Q1 2025, indicating asset growth and expanded business scale.
  • Dividends paid have increased modestly, pointing to a shareholder-friendly capital return policy.

Neutral Observations:

  • Non-interest income is somewhat volatile, with swings from negative in some quarters to moderately positive in others, mostly affected by realized and unrealized capital gains/losses.
  • Issuance and repayment of debt have both been significant in recent quarters, reflecting active management of the company’s debt structure but maintaining balance.
  • Cash and due from banks fluctuated moderately, holding a mid-range balance that supports liquidity.

Negative Factors to Consider:

  • Total non-interest expenses have consistently increased, reaching $107 million in Q1 2025 from $84.5 million in Q3 2022, which may pressure margins if not controlled.
  • Net realized and unrealized capital losses impacted some quarters, such as -$81.5 million in Q4 2024 and -$7 million in Q2 2024, adding volatility to earnings.
  • Cash interest paid has risen substantially, reaching $198.2 million in Q1 2025 from $76.1 million in Q3 2022, reflecting higher interest costs likely due to increased borrowings.

Overall, Blue Owl Capital has demonstrated robust growth in revenue and earnings with a strengthening capital base. Investors should note the rising non-interest expenses and interest costs that could affect future profitability if trends continue. The company’s active capital and debt management contribute to its financial flexibility, though volatility in investment gains/losses remains a factor to watch.

10/24/25 10:38 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Blue Owl Capital's Financials

When does Blue Owl Capital's financial year end?

According to the most recent income statement we have on file, Blue Owl Capital's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Blue Owl Capital's net income changed over the last 4 years?

Blue Owl Capital's net income appears to be on an upward trend, with a most recent value of $594.98 million in 2024, rising from $387.74 million in 2020. The previous period was $793.31 million in 2023. See where experts think Blue Owl Capital is headed by visiting Blue Owl Capital's forecast page.

How has Blue Owl Capital's revenue changed over the last 4 years?

Over the last 4 years, Blue Owl Capital's total revenue changed from $607.72 million in 2020 to $1.52 billion in 2024, a change of 150.7%.

How much debt does Blue Owl Capital have?

Blue Owl Capital's total liabilities were at $7.91 billion at the end of 2024, a 5.6% increase from 2023, and a 7.5% increase since 2021.

How much cash does Blue Owl Capital have?

In the past 3 years, Blue Owl Capital's cash and equivalents has ranged from $431.44 million in 2021 to $658.70 million in 2023, and is currently $505.69 million as of their latest financial filing in 2024.

How has Blue Owl Capital's book value per share changed over the last 4 years?

Over the last 4 years, Blue Owl Capital's book value per share changed from 0.00 in 2020 to 15.26 in 2024, a change of 1,525.5%.


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This page (NYSE:OBDC) was last updated on 10/24/2025 by MarketBeat.com Staff
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