Blue Owl Capital Financials

OBDC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Blue Owl Capital (OBDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Blue Owl Capital passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.27x

For every $1 of reported earnings, Blue Owl Capital generates $0.27 in operating cash flow ($160.2M OCF vs $595.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$595.0M

YoY-25.0%

Blue Owl Capital reported $595.0M in net income in fiscal year 2024. This represents a decrease of 25.0% from the prior year.

EPS (Diluted)

$1.53

YoY-24.6%

Blue Owl Capital earned $1.53 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 24.6% from the prior year.

Cash & Debt

$514.2M

YoY-22.1%

Blue Owl Capital held $514.2M in cash against $7.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

390M

YoY+0.1%

Blue Owl Capital had 390M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

10.0%

YoY-3.2pp

Blue Owl Capital's ROE was 10.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Blue Owl Capital spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

OBDC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$434.9M-0.3%	$436.3M+41.9%	$307.5M+40.3%	$219.1M+43.3%	$152.9M
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	$595.0M-25.0%	$793.3M+70.1%	$466.4M-25.4%	$624.9M+61.2%	$387.7M
EPS (Diluted)	$1.53-24.6%	$2.03+72.0%	$1.18-25.8%	$1.59+59.0%	$1.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$140.2M+0.3%	$139.8M-1.1%	$141.4M+16.6%	$121.3M+11.1%	$109.1M-8.4%	$119.1M	N/A	$110.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$128.2M-6.8%	$137.5M-43.3%	$242.6M+79.3%	$135.4M+10.7%	$122.2M-33.0%	$182.5M	N/A	$206.9M
EPS (Diluted)	$0.25-7.4%	$0.27-44.9%	$0.49+40.0%	$0.35+12.9%	$0.31-34.0%	$0.47	N/A	$0.53

OBDC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.9B+2.6%	$13.5B-0.5%	$13.6B+2.2%	$13.3B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$514.2M-22.1%	$659.7M+48.2%	$445.1M-0.5%	$447.1M+24.9%	$357.9M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.9B+5.6%	$7.5B-2.8%	$7.7B+4.6%	$7.4B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$7.5B+5.4%	$7.1B-2.8%	$7.3B+2.9%	$7.1B	N/A
Total Equity	$6.0B-1.1%	$6.0B+2.4%	$5.9B-0.9%	$5.9B+3.3%	$5.7B
Retained Earnings	$29.4M-68.6%	$93.5M+201.4%	-$92.2M-63.4%	-$56.4M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$17.6B+1.2%	$17.4B-5.3%	$18.4B+32.5%	$13.9B0.0%	$13.9B+4.0%	$13.3B-1.3%	$13.5B+0.4%	$13.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$321.3M-10.8%	$360.2M-30.0%	$514.2M0.0%	$514.2M+35.3%	$380.0M-48.8%	$742.8M+12.6%	$659.7M+52.7%	$432.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.0B+2.9%	$9.7B-8.7%	$10.6B+34.4%	$7.9B+0.5%	$7.9B+7.8%	$7.3B-2.5%	$7.5B+0.4%	$7.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.5B+3.3%	$9.2B-9.2%	$10.2B+36.2%	$7.5B+0.6%	$7.4B+7.7%	$6.9B-2.7%	$7.1B+0.2%	$7.1B
Total Equity	$7.6B-0.9%	$7.7B-0.7%	$7.7B+30.0%	$6.0B-0.7%	$6.0B-0.6%	$6.0B+0.1%	$6.0B+0.4%	$6.0B
Retained Earnings	-$67.0M-1704.8%	$4.2M-93.1%	$60.9M+107.0%	$29.4M-50.1%	$59.0M-41.4%	$100.6M+7.6%	$93.5M+57.2%	$59.5M

OBDC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$160.2M-85.9%	$1.1B+422.7%	$217.3M+117.7%	-$1.2B+21.4%	-$1.6B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$305.7M+66.8%	-$921.0M-319.9%	-$219.3M-116.7%	$1.3B-17.8%	$1.6B
Dividends Paid	$655.6M+6.9%	$613.4M+25.6%	$488.4M+6.0%	$460.9M+1.6%	$453.5M
Share Buybacks	$0-100.0%	$34.1M+31.2%	$26.0M+896.9%	$2.6M-98.3%	$150.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$131.0M-113.0%	$1.0B+2494.8%	$38.9M-91.3%	$446.0M+161.4%	-$726.4M-263.5%	$444.2M+7.3%	$413.9M+131.3%	$178.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$92.1M+107.9%	-$1.2B-2894.6%	-$38.9M+90.6%	-$413.1M-213.6%	$363.6M+200.7%	-$361.0M-93.9%	-$186.2M-62.2%	-$114.8M
Dividends Paid	$199.3M+2.6%	$194.2M+14.3%	$169.9M+3.7%	$163.9M+4.9%	$156.3M-6.7%	$167.6M+4.9%	$159.8M+2.5%	$155.9M
Share Buybacks	N/A	N/A	N/A	$0	$0	$0	$0	$0

OBDC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	10.0%-3.2pp	13.2%+5.2pp	7.9%-2.6pp	10.5%+3.8pp	6.8%
Return on Assets	4.3%-1.6pp	5.9%+2.4pp	3.4%-1.3pp	4.7%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.25+0.1	1.18-0.1	1.24+0.0	1.19	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	1.7%-0.1pp	1.8%-1.3pp	3.1%+0.9pp	2.3%+0.2pp	2.0%-1.0pp	3.0%	N/A	3.5%
Return on Assets	0.7%-0.1pp	0.8%-0.5pp	1.3%+0.4pp	1.0%+0.1pp	0.9%-0.5pp	1.4%	N/A	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.25+0.1	1.20-0.1	1.31+0.1	1.25+0.0	1.24+0.1	1.14-0.0	1.180.0	1.18
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Blue Owl Capital profitable?

Yes, Blue Owl Capital (OBDC) reported a net income of $595.0M in fiscal year 2024.

What is Blue Owl Capital's earnings per share (EPS)?

Blue Owl Capital (OBDC) reported diluted earnings per share of $1.53 for fiscal year 2024. This represents a -24.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Blue Owl Capital have?

As of fiscal year 2024, Blue Owl Capital (OBDC) had $514.2M in cash and equivalents against $7.5B in long-term debt.

What is Blue Owl Capital's return on equity (ROE)?

Blue Owl Capital (OBDC) has a return on equity of 10.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Blue Owl Capital's operating cash flow?

Blue Owl Capital (OBDC) generated $160.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Blue Owl Capital's total assets?

Blue Owl Capital (OBDC) had $13.9B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Blue Owl Capital have outstanding?

Blue Owl Capital (OBDC) had 390M shares outstanding as of fiscal year 2024.

What is Blue Owl Capital's debt-to-equity ratio?

Blue Owl Capital (OBDC) had a debt-to-equity ratio of 1.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blue Owl Capital's return on assets (ROA)?

Blue Owl Capital (OBDC) had a return on assets of 4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Blue Owl Capital's Piotroski F-Score?

Blue Owl Capital (OBDC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Blue Owl Capital's earnings high quality?

Blue Owl Capital (OBDC) has an earnings quality ratio of 0.27x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.