Free Trial
→ Elon just did WHAT!? (From Brownstone Research) (Ad) Buy SAR Stock  Free SAR Stock Alerts

Saratoga Investment (SAR) Financials

Saratoga Investment logo
$24.49 +0.04 (+0.16%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$24.49 0.00 (0.00%)
As of 05/23/2025 06:24 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 Polygon.io. Learn more.
Compare
Annual Income Statements for Saratoga Investment

Annual Income Statements for Saratoga Investment

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

Metric 2024 2023 2022 2021
Period end date 2/29/2024 2/28/2023 2/28/2022 2/28/2021
Net Income / (Loss) Attributable to Common Shareholders		 237 228 246 15
Consolidated Net Income / (Loss)		 237 228 246 121
Net Income / (Loss) Continuing Operations		 237 228 249 125
Total Pre-Tax Income 		237 227 249 23
Total Revenue		 275 258 280 146
Net Interest Income / (Expense)		 162 131 120 95
Total Interest Income		 211 164 140 109
Investment Securities Interest Income		 211 164 140 108
Total Interest Expense		 49 33 20 14
Long-Term Debt Interest Expense		 49 33 20 14
Total Non-Interest Income		 113 127 160 51
Other Service Charges		 4.74 6.21 6.00 2.51
Net Realized & Unrealized Capital Gains on Investments		 -38 18 79 -12
Investment Banking Income		 146 103 75 60
Total Non-Interest Expense		 38 31 31 21
Other Operating Expenses		 38 31 31 20
Income Tax Expense		 0.04 -0.15 -0.04 0.00
Other Adjustments to Consolidated Net Income / (Loss)		 0.00 0.55 -2.89 -3.90
Basic Earnings per Share		 $0.71 $2.06 $3.99 $1.32
Weighted Average Basic Shares Outstanding		 12.67M 11.96M 11.46M 11.19M
Weighted Average Diluted Shares Outstanding		 13.70M 11.86M - -
Weighted Average Basic & Diluted Shares Outstanding		 13.70M 11.86M - -

Quarterly Income Statements for Saratoga Investment

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

Metric Q3 2025 Q2 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 11/30/2024 8/31/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2024 2/28/2023 11/30/2022 8/31/2022 5/31/2022 11/30/2021
Net Income / (Loss) Attributable to Common Shareholders		 82 53 24 52 69 47 122 51 18 37 8.34
Consolidated Net Income / (Loss)		 82 53 24 52 69 47 122 51 18 37 37
Net Income / (Loss) Continuing Operations		 82 53 24 52 69 47 121 51 18 37 39
Total Pre-Tax Income 		82 53 24 52 69 47 121 51 18 37 5.20
Total Revenue		 48 11 165 17 34 16 191 26 22 19 46
Net Interest Income / (Expense)		 26 -13 193 21 -12 -13 122 -8.01 23 -6.57 21
Total Interest Income		 40 0.00 206 33 0.00 0.00 133 0.44 31 0.30 25
Investment Securities Interest Income		 40 - - 33 - 0.00 - - 31 - 25
Total Interest Expense		 13 13 13 13 12 13 10 8.45 7.92 6.87 4.84
Long-Term Debt Interest Expense		 13 13 13 13 12 13 10 8.45 7.92 6.87 4.84
Total Non-Interest Income		 21 24 -28 -3.42 46 29 69 34 -0.79 26 25
Other Service Charges		 0.85 0.06 4.21 0.20 0.15 0.99 4.41 0.73 0.96 0.10 0.82
Net Realized & Unrealized Capital Gains on Investments		 20 24 -177 -3.93 46 27 -36 33 -3.16 25 7.02
Investment Banking Income		 0.74 0.04 144 0.31 0.05 0.41 100 0.55 1.41 0.85 17
Total Non-Interest Expense		 1.43 0.95 34 1.09 1.06 7.78 25 1.08 3.60 1.08 6.46
Other Operating Expenses		 1.43 0.95 34 1.09 0.95 7.78 25 1.08 3.60 1.08 6.10
Other Special Charges		 0.00 0.00 - 0.00 0.11 - - - - - -
Nonoperating Income / (Expense), net		 36 43 - 36 36 39 - 26 - 19 -
Income Tax Expense		 0.04 0.12 - 0.22 -0.24 -0.06 - - - - -
Basic Earnings per Share		 $0.64 $0.97 $0.39 ($0.31) $0.65 $0.48 $1.59 $0.51 $0.08 ($0.12) $0.73
Weighted Average Basic Shares Outstanding		 13.79M 13.73M 12.67M 13.05M 12.16M 13.68M 11.96M 11.89M 11.96M 12.11M 11.45M
Diluted Earnings per Share		 $0.64 $0.97 - ($0.31) $0.65 - - - - - -
Weighted Average Diluted Shares Outstanding		 13.79M 13.73M 13.70M 13.05M 12.16M 13.75M 11.86M 11.89M 11.90M - -
Weighted Average Basic & Diluted Shares Outstanding		 14.35M 13.80M 13.70M 13.65M 13.11M 13.75M 11.86M 11.89M 11.90M - -

Annual Cash Flow Statements for Saratoga Investment

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

Metric 2024 2023 2022 2021
Period end date 2/29/2024 2/28/2023 2/28/2022 2/28/2021
Net Change in Cash & Equivalents		 -56 43 23 -9.54
Net Cash From Operating Activities		 -157 -130 -203 -62
Net Cash From Continuing Operating Activities		 -157 -130 -203 -62
Net Income / (Loss) Continuing Operations		 8.93 25 46 15
Consolidated Net Income / (Loss)		 8.93 25 46 15
Depreciation Expense		 48 17 -18 -
Amortization Expense		 2.95 1.77 0.12 -0.02
Non-Cash Adjustments to Reconcile Net Income		 -211 -167 -242 -67
Changes in Operating Assets and Liabilities, net		 -6.15 -6.76 10 -11
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		 102 174 226 53
Net Cash From Continuing Financing Activities		 102 174 227 50
Issuance of Debt		 149 337 385 104
Issuance of Common Equity		 45 0.00 27 0.00
Repayment of Debt		 -57 -119 -154 -33
Repurchase of Common Equity		 -2.16 -11 -2.55 -3.61
Payment of Dividends		 -32 -23 -18 -14
Other Financing Activities, Net		 -0.69 -10 -10 -3.44
Cash Interest Paid		 44 29 18 12
Cash Income Taxes Paid		 0.75 2.77 1.36 4.14

Quarterly Cash Flow Statements for Saratoga Investment

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

Metric Q3 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 11/30/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023 11/30/2022 8/31/2022 5/31/2022 2/28/2022 11/30/2021
Net Change in Cash & Equivalents		 88 -6.52 -1.41 -4.72 -43 49 34 -89 49 -91 71
Net Cash From Operating Activities		 94 -21 -19 -7.08 -111 33 -22 -60 -80 -146 15
Net Cash From Continuing Operating Activities		 94 -21 -19 -7.08 -111 33 -22 -60 -80 -146 15
Net Income / (Loss) Continuing Operations		 8.83 5.31 -4.06 7.90 -0.21 19 6.01 0.95 -1.49 8.40 8.34
Consolidated Net Income / (Loss)		 8.83 5.31 -4.06 7.90 -0.21 19 6.01 0.95 -1.49 8.40 8.34
Depreciation Expense		 43 7.48 -22 5.96 16 16 -22 13 9.70 -3.57 6.04
Amortization Expense		 0.36 0.68 0.54 0.97 0.76 0.45 0.48 0.39 0.45 -0.05 0.04
Non-Cash Adjustments to Reconcile Net Income		 39 -31 7.97 -20 -127 -4.14 -4.78 -72 -86 -151 -2.98
Changes in Operating Assets and Liabilities, net		 3.34 -2.84 -1.36 -1.59 -0.36 1.28 -2.02 -3.15 -2.88 0.20 3.85
Net Cash From Financing Activities		 -6.00 14 17 2.36 68 16 57 -29 129 55 55
Net Cash From Continuing Financing Activities		 -6.00 14 17 2.36 68 17 57 -29 129 56 55
Issuance of Common Equity		 2.78 13 9.01 - - - - - 0.00 12 15
Payment of Dividends		 -8.96 -8.89 -8.43 -7.60 -7.13 -6.78 -5.28 -5.28 -5.32 -5.32 -4.87
Other Financing Activities, Net		 0.18 1.00 0.56 0.47 -2.72 -2.74 -2.31 -0.98 -4.12 -2.39 -2.32
Cash Interest Paid		 9.91 12 9.82 12 9.64 11 5.68 9.10 3.59 5.19 3.69
Cash Income Taxes Paid		 0.53 0.09 0.65 0.00 0.00 - 0.01 2.76 0.00 0.63 0.02

Annual Balance Sheets for Saratoga Investment

This table presents Saratoga 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 2024 2023 2022
Period end date 2/29/2024 2/28/2023 2/28/2022
Total Assets		 1,191 1,078 876
Cash and Due from Banks		 8.69 66 47
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Deferred Acquisition Cost		 17 17 12
Other Assets		 1,151 9.13 5.35
Total Liabilities & Shareholders' Equity		 1,191 1,078 876
Total Liabilities		 821 731 520
Short-Term Debt		 35 33 13
Long-Term Debt		 1,357 696 498
Other Long-Term Liabilities		 14 1.46 3.62
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 370 347 356
Total Preferred & Common Equity		 370 347 356
Total Common Equity		 370 347 356
Common Stock		 371 322 328
Retained Earnings		 -0.87 25 28

Quarterly Balance Sheets for Saratoga Investment

This table presents Saratoga 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 2025 Q2 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023
Period end date 11/30/2024 8/31/2024 11/30/2023 8/31/2023 5/31/2024 11/30/2022 8/31/2022
Total Assets		 1,220 1,215 1,172 1,156 1,202 1,039 973
Cash and Due from Banks		 148 85 21 19 32 5.67 3.07
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Acquisition Cost		 14 15 17 18 16 16 15
Other Assets		 970 12 10 8.57 13 9.52 5.34
Total Liabilities & Shareholders' Equity		 1,220 1,215 1,172 1,156 1,202 1,039 973
Total Liabilities		 845 843 812 794 834 703 636
Short-Term Debt		 53 53 35 35 46 25 25
Long-Term Debt		 1,357 785 776 760 785 676 609
Other Long-Term Liabilities		 15 1.50 2.09 1.97 1.32 1.29 1.19
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 375 372 360 362 368 336 337
Total Preferred & Common Equity		 375 372 360 362 368 336 337
Total Common Equity		 375 372 360 362 368 336 337
Common Stock		 377 373 357 346 372 322 323
Retained Earnings		 -2.38 -1.05 2.85 16 -4.23 14 14

Annual Metrics And Ratios for Saratoga Investment

This table displays calculated financial ratios and metrics derived from Saratoga Investment's official financial filings.

Metric 2024 2023 2022 2021
Period end date 2/29/2024 2/28/2023 2/28/2022 2/28/2021
Growth Metrics		 - - - -
Revenue Growth		 6.50% -7.84% 91.23% 0.00%
EBITDA Growth		 17.04% 6.38% 84.49% 0.00%
EBIT Growth		 4.26% -8.65% 98.49% 0.00%
NOPAT Growth		 4.17% -8.60% 977.07% 0.00%
Net Income Growth		 3.92% -7.31% 102.52% 0.00%
EPS Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -20.58% 35.82% -225.81% 0.00%
Free Cash Flow Firm Growth		 554.78% 103.01% 0.00% 0.00%
Invested Capital Growth		 10.72% 24.11% 0.00% 0.00%
Revenue Q/Q Growth		 3.06% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 19.45% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -0.55% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 67.12% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 -21.16% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -51.17% 57.83% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 1.68% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
EBITDA Margin		 104.85% 95.40% 82.65% 85.67%
EBIT Margin		 86.30% 88.15% 88.94% 85.68%
Profit (Net Income) Margin		 86.29% 88.42% 87.92% 83.02%
Tax Burden Percent		 99.98% 100.31% 98.86% 525.66%
Interest Burden Percent		 100.00% 100.00% 100.00% 18.43%
Effective Tax Rate		 0.02% -0.07% -0.02% 0.00%
Return on Invested Capital (ROIC)		 20.92% 23.43% 57.46% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 20.92% 23.52% 56.33% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 45.18% 41.47% 80.85% 0.00%
Return on Equity (ROE)		 66.10% 64.91% 138.32% 0.00%
Cash Return on Invested Capital (CROIC)		 10.75% 1.92% -142.54% 0.00%
Operating Return on Assets (OROA)		 20.89% 23.27% 28.41% 0.00%
Return on Assets (ROA)		 20.89% 23.34% 28.08% 0.00%
Return on Common Equity (ROCE)		 66.10% 64.91% 138.32% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 64.02% 65.73% 69.16% 0.00%
Net Operating Profit after Tax (NOPAT)		 237 228 249 23
NOPAT Margin		 86.29% 88.21% 88.95% 15.79%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.09% 1.13% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.98%
Operating Expenses to Revenue		 13.70% 11.85% 11.06% 14.32%
Earnings before Interest and Taxes (EBIT)		 237 227 249 125
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 288 246 231 125
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.85 0.82 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.85 0.82 0.00 0.00
Price to Revenue (P/Rev)		 1.14 1.10 0.00 0.00
Price to Earnings (P/E)		 1.32 1.25 0.00 0.00
Dividend Yield		 12.32% 11.71% 10.64% 7.14%
Earnings Yield		 75.57% 80.11% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.85 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 3.98 3.56 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 3.80 3.73 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.61 4.03 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 4.61 4.03 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.98 49.32 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 2.22 2.10 1.44 0.00
Long-Term Debt to Equity		 2.12 2.01 1.40 0.00
Financial Leverage		 2.16 1.76 1.44 0.00
Leverage Ratio		 3.16 2.78 2.46 0.00
Compound Leverage Factor		 3.16 2.78 2.46 0.00
Debt to Total Capital		 68.90% 67.73% 58.94% 0.00%
Short-Term Debt to Total Capital		 2.94% 3.02% 1.44% 0.00%
Long-Term Debt to Total Capital		 65.96% 64.71% 57.49% 0.00%
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		 31.10% 32.27% 41.06% 0.00%
Debt to EBITDA		 2.85 2.96 2.21 0.00
Net Debt to EBITDA		 2.71 2.57 1.98 0.00
Long-Term Debt to EBITDA		 2.73 2.83 2.15 0.00
Debt to NOPAT		 3.46 3.20 2.05 0.00
Net Debt to NOPAT		 3.29 2.78 1.84 0.00
Long-Term Debt to NOPAT		 3.31 3.06 2.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 122 19 -617 0.00
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.48 0.56 -31.06 0.00
Operating Cash Flow to Interest Expense		 -3.20 -3.89 -10.22 -4.59
Operating Cash Flow Less CapEx to Interest Expense		 -3.20 -3.89 -10.22 -4.59
Efficiency Ratios		 - - - -
Asset Turnover		 0.24 0.26 0.32 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 1,191 1,075 866 0.00
Invested Capital Turnover		 0.24 0.27 0.65 0.00
Increase / (Decrease) in Invested Capital		 115 209 866 0.00
Enterprise Value (EV)		 1,093 917 0.00 0.00
Market Capitalization		 314 285 0.00 0.00
Book Value per Share		 $27.12 $29.18 $31.05 $0.00
Tangible Book Value per Share		 $27.12 $29.18 $31.05 $0.00
Total Capital		 1,191 1,075 866 0.00
Total Debt		 820 728 511 0.00
Total Long-Term Debt		 785 696 498 0.00
Net Debt		 780 632 458 0.00
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 -0.55 2.89 -98
Net Nonoperating Obligations (NNO)		 820 728 511 0.00
Total Depreciation and Amortization (D&A)		 51 19 -18 -0.02
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.71 $2.06 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 12.67M 11.96M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 13.70M 11.86M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.70M 11.86M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 237 159 174 23
Normalized NOPAT Margin		 86.29% 61.71% 62.26% 15.79%
Pre Tax Income Margin		 86.30% 88.15% 88.94% 15.79%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 4.82 6.79 12.52 9.23
NOPAT to Interest Expense		 4.82 6.79 12.52 1.70
EBIT Less CapEx to Interest Expense		 4.82 6.79 12.52 9.23
NOPAT Less CapEx to Interest Expense		 4.82 6.79 12.52 1.70
Payout Ratios		 - - - -
Dividend Payout Ratio		 13.52% 9.94% 7.38% 11.31%
Augmented Payout Ratio		 14.43% 14.68% 8.41% 14.28%

Quarterly Metrics And Ratios for Saratoga Investment

This table displays calculated financial ratios and metrics derived from Saratoga Investment's official financial filings.

Metric Q3 2025 Q2 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 11/30/2024 8/31/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2024 2/28/2023 11/30/2022 8/31/2022 5/31/2022 11/30/2021
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 177.20% -67.48% -13.58% -33.52% 54.49% -16.99% 0.00% -43.47% -62.05% 0.00% 0.00%
EBITDA Growth		 1,903.35% -74.63% -23.90% -257.14% 23.52% -10.88% 0.00% -93.06% -43.91% 0.00% 0.00%
EBIT Growth		 187.14% -69.30% -21.31% -35.03% 78.89% -55.10% 0.00% -36.95% -67.99% 0.00% 0.00%
NOPAT Growth		 188.22% -69.48% -80.05% -35.30% 79.51% -55.05% 0.00% 378.04% -67.99% 0.00% 0.00%
Net Income Growth		 57.26% -22.90% -80.20% 2.27% 272.61% 27.55% 0.00% 38.28% -67.74% 0.00% 0.00%
EPS Growth		 306.45% 49.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 607.54% 0.00% -163.46% 17.41% 88.25% -38.28% 122.27% -246.92% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 -380.56% 72.30% 0.00% 88.35% 83.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 52.36% 4.53% 10.72% 12.92% 19.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 331.13% 0.00% 349.28% -49.42% 114.59% -91.68% 636.00% 17.53% 15.31% 0.00% -21.09%
EBITDA Q/Q Growth		 783.11% 0.00% 155.01% -112.43% 58.98% -86.23% 5,675.51% -90.23% 14.71% 0.00% -21.11%
EBIT Q/Q Growth		 357.32% 0.00% 266.89% -51.11% 307.50% -95.12% 568.34% 34.61% 2.27% 0.00% -31.65%
NOPAT Q/Q Growth		 358.17% 0.00% -32.16% -51.48% 308.39% -93.30% 387.45% 34.61% 2.27% 0.00% -90.99%
Net Income Q/Q Growth		 55.02% 0.00% -66.48% -24.00% 46.81% -61.54% 138.35% 176.89% -49.75% 0.00% -35.40%
EPS Q/Q Growth		 -34.02% 0.00% 0.00% -147.69% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -11.35% -161.94% 93.61% -440.69% 244.93% 62.72% 24.88% 45.14% 0.00%
Free Cash Flow Firm Q/Q Growth		 -1,237.81% 0.00% 7.41% 22.89% 87.15% 0.00% 100.00% -6.21% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 47.45% 0.00% 1.68% 1.16% -3.44% 11.48% 3.70% 6.75% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 187.32% 91.45% 84.18% -28.79% 117.20% 158.20% 95.59% 12.18% 146.59% 147.36% 99.17%
EBIT Margin		 97.01% 91.45% 79.23% 93.65% 96.88% 51.02% 87.01% 95.82% 83.66% 94.33% 85.91%
Profit (Net Income) Margin		 172.03% 478.42% 14.62% 303.23% 201.79% 294.95% 63.83% 197.10% 83.66% 191.97% 80.57%
Tax Burden Percent		 99.96% 99.77% 99.82% 99.58% 100.35% 100.13% 100.58% 100.00% 100.00% 100.00% 711.09%
Interest Burden Percent		 177.42% 524.35% 18.49% 325.15% 207.57% 577.42% 72.93% 205.70% 100.00% 203.51% 13.19%
Effective Tax Rate		 0.04% 0.23% 0.00% 0.42% -0.35% -0.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 3.55% 23.46% 26.16% 23.39% 15.22% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 3.55% 28.25% 31.15% 32.71% 15.32% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 7.66% 61.45% 63.67% 73.88% 32.16% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 11.21% 84.91% 89.83% 97.27% 47.38% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 10.75% 0.00% 0.00% 0.00% 1.73% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 19.18% 23.53% 26.06% 11.65% 22.97% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 3.54% 76.19% 54.29% 67.35% 16.85% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 11.21% 84.91% 89.83% 97.27% 47.38% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 85.18% 84.27% 69.27% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 10 24 16 33 8.11 121 25 18 18 5.20
NOPAT Margin		 96.96% 91.24% 14.65% 93.26% 97.21% 51.08% 63.46% 95.82% 83.66% 94.33% 11.33%
Net Nonoperating Expense Percent (NNEP)		 -3.23% -5.25% 0.01% -4.79% -4.99% -9.32% -0.10% -7.49% 0.00% 0.00% 0.00%
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% 0.78%
Operating Expenses to Revenue		 2.99% 8.55% 20.77% 6.35% 3.12% 48.98% 12.99% 4.18% 16.34% 5.67% 14.09%
Earnings before Interest and Taxes (EBIT)		 46 10 131 16 33 8.10 166 25 18 18 39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 89 10 139 -4.96 40 25 182 3.16 32 28 45
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.90 0.84 0.85 0.81 0.75 0.83 0.82 0.79 0.71 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.90 0.84 0.85 0.81 0.75 0.83 0.82 0.79 0.71 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 1.14 1.05 0.95 1.12 1.10 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 1.32 0.95 0.89 1.20 1.25 0.00 0.00 0.00 0.00
Dividend Yield		 11.91% 12.70% 12.32% 12.49% 11.70% 12.82% 11.71% 9.51% 10.44% 11.30% 9.77%
Earnings Yield		 0.00% 0.00% 75.57% 105.46% 112.50% 83.10% 80.11% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.90 0.82 0.92 0.90 0.88 0.87 0.85 0.89 0.89 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 3.98 3.80 3.55 3.81 3.56 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 3.80 4.01 3.75 4.47 3.73 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 4.61 4.32 4.03 4.38 4.03 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 4.61 3.45 3.35 4.11 4.03 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.13 11.77 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 8.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.76 2.25 2.22 2.26 2.20 2.26 2.10 2.09 1.88 0.00 0.00
Long-Term Debt to Equity		 3.62 2.11 2.12 2.16 2.10 2.14 2.01 2.01 1.81 0.00 0.00
Financial Leverage		 3.02 2.22 2.16 2.18 2.04 2.26 2.10 2.09 1.88 0.00 0.00
Leverage Ratio		 3.26 3.23 3.16 3.18 3.05 3.27 2.78 3.09 2.89 0.00 0.00
Compound Leverage Factor		 5.78 16.93 0.59 10.34 6.32 18.86 2.03 6.36 2.89 0.00 0.00
Debt to Total Capital		 78.99% 69.25% 68.90% 69.29% 68.72% 69.31% 67.73% 67.62% 65.28% 0.00% 0.00%
Short-Term Debt to Total Capital		 2.94% 4.34% 2.94% 2.99% 3.02% 3.80% 3.02% 2.41% 2.57% 0.00% 0.00%
Long-Term Debt to Total Capital		 76.04% 64.91% 65.96% 66.30% 65.69% 65.52% 64.71% 65.21% 62.71% 0.00% 0.00%
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% 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		 21.01% 30.75% 31.10% 30.71% 31.28% 30.69% 32.27% 32.38% 34.72% 0.00% 0.00%
Debt to EBITDA		 0.00 0.00 2.85 3.08 2.93 3.56 2.96 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 2.71 2.90 2.75 3.16 2.57 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 2.73 2.95 2.80 3.36 2.83 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 3.46 2.66 2.61 3.27 3.20 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 3.29 2.50 2.46 2.90 2.78 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 3.31 2.54 2.50 3.09 3.06 0.00 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% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -567 -42 -91 -118 -153 -1,191 0.00 -1,012 -953 0.00 0.00
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		 -43.45 -3.23 -7.26 -9.42 -12.32 -91.85 0.00 -119.77 -120.29 0.00 0.00
Operating Cash Flow to Interest Expense		 7.22 0.00 -1.65 -1.48 -0.57 -8.56 3.17 -2.66 -7.61 -11.67 3.16
Operating Cash Flow Less CapEx to Interest Expense		 7.22 0.00 -1.65 -1.48 -0.57 -8.56 3.17 -2.66 -7.61 -11.67 3.16
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.24 0.25 0.27 0.23 0.26 0.00 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 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,784 1,210 1,191 1,171 1,157 1,199 1,075 1,037 971 0.00 0.00
Invested Capital Turnover		 0.00 0.00 0.24 0.25 0.27 0.46 0.24 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 613 52 115 134 186 1,199 0.00 1,037 971 0.00 0.00
Enterprise Value (EV)		 1,601 989 1,093 1,055 1,018 1,044 917 920 862 0.00 0.00
Market Capitalization		 339 313 314 290 271 307 285 266 240 0.00 0.00
Book Value per Share		 $27.18 $27.11 $27.12 $27.42 $30.22 $26.88 $29.18 $28.21 $28.19 $0.00 $0.00
Tangible Book Value per Share		 $27.18 $27.11 $27.12 $27.42 $30.22 $26.88 $29.18 $28.21 $28.19 $0.00 $0.00
Total Capital		 1,784 1,210 1,191 1,171 1,157 1,199 1,075 1,037 971 0.00 0.00
Total Debt		 1,409 838 820 811 795 831 728 701 634 0.00 0.00
Total Long-Term Debt		 1,357 785 785 776 760 785 696 676 609 0.00 0.00
Net Debt		 1,262 676 780 764 747 738 632 654 622 0.00 0.00
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)		 -36 -43 0.04 -36 -36 -39 -0.70 -26 0.00 -19 -32
Net Nonoperating Obligations (NNO)		 1,409 838 820 811 795 831 728 701 634 0.00 0.00
Total Depreciation and Amortization (D&A)		 43 0.00 8.16 -21 6.93 17 16 -22 14 10 6.08
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.64 $0.97 $0.39 ($0.31) $0.65 $0.48 $1.59 $0.51 $0.08 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 13.79M 13.73M 12.67M 13.05M 12.16M 13.68M 11.96M 11.89M 11.96M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.64 $0.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 13.79M 13.73M 13.70M 13.65M 13.11M 13.75M 11.86M 11.89M 11.90M 0.00 0.00
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		 14.35M 13.80M 13.70M 13.65M 13.11M 13.75M 11.86M 11.89M 11.90M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 46 10 17 16 23 5.67 85 17 13 13 3.64
Normalized NOPAT Margin		 96.96% 91.24% 10.25% 93.26% 68.04% 35.71% 44.42% 67.07% 58.57% 66.03% 7.93%
Pre Tax Income Margin		 172.11% 479.52% 14.65% 304.50% 201.09% 294.57% 63.46% 197.10% 83.66% 191.97% 11.33%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.55 0.77 10.41 1.29 2.66 0.63 16.19 2.94 2.33 2.63 8.14
NOPAT to Interest Expense		 3.55 0.77 1.92 1.28 2.67 0.63 11.81 2.94 2.33 2.63 1.07
EBIT Less CapEx to Interest Expense		 3.55 0.00 10.41 1.29 2.66 0.63 16.19 2.94 2.33 2.63 8.14
NOPAT Less CapEx to Interest Expense		 3.55 0.00 1.92 1.28 2.67 0.63 11.81 2.94 2.33 2.63 1.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 13.52% 9.78% 8.78% 9.61% 9.94% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 14.43% 10.88% 10.61% 13.24% 14.68% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Saratoga Investment's Financials

When does Saratoga Investment's financial year end?

According to the most recent income statement we have on file, Saratoga Investment's fiscal year ends in February. Their fiscal year 2024 ended on February 29, 2024.

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

Saratoga Investment's net income appears to be on an upward trend, with a most recent value of $237.02 million in 2024, rising from $121.50 million in 2021. The previous period was $228.07 million in 2023. See where experts think Saratoga Investment is headed by visiting Saratoga Investment's forecast page.

How has Saratoga Investment revenue changed over the last 3 years?

Over the last 3 years, Saratoga Investment's total revenue changed from $146.34 million in 2021 to $274.68 million in 2024, a change of 87.7%.

How much debt does Saratoga Investment have?

Saratoga Investment's total liabilities were at $820.98 million at the end of 2024, a 12.3% increase from 2023, and a 57.7% increase since 2022.

How much cash does Saratoga Investment have?

In the past 2 years, Saratoga Investment's cash and equivalents has ranged from $8.69 million in 2024 to $65.75 million in 2023, and is currently $8.69 million as of their latest financial filing in 2024.

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

Over the last 3 years, Saratoga Investment's book value per share changed from 0.00 in 2021 to 27.12 in 2024, a change of 2,711.6%.


Related Companies

This page (NYSE:SAR) was last updated on 5/24/2025 by MarketBeat.com Staff
From Our Partners
Trump Predicts Dollar Downfall
READ THIS VERY CAREFULLY: If you have $100,000 or more saved for retirement, this may make you VERY angry... ...
Augusta Precious Metals | Sponsored
$19 for a FULL YEAR of stock picks?!
Invest in Musk's AI Play With Just $100 You don't need deep pockets to ride the next wave of AI wealth. ...
Behind the Markets | Sponsored
Trump Exec Order 14179 is wealth “gift” to good Americans?
Is President Trump’s Executive Order 14179… A secret way to restore wealth for good citizens? If you’ve ...
Paradigm Press | Sponsored
White House to reset Social Security?
Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...
Altimetry | Sponsored
Elon just did WHAT!?
As you may recall, Biden and the Fed were working on a central bank digital currency, or CBDC. Had they got...
Brownstone Research | Sponsored
Gold Hits New Highs as Global Markets Spiral
When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...
Premier Gold Co | Sponsored
The Hidden Energy Source Backed by Billionaires
Why Billionaires Have Set Their Sights on the Utah Desert Something strange is happening near the Wah Wah ...
Stansberry Research | Sponsored
After Monday, price goes up 600% (hurry)
Right now, for a limited time… You can get up to 52 Money Monday trades for just $7! Thanks to Wall Street’...
Timothy Sykes | Sponsored