FS KKR Capital Corp financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data FS KKR Capital Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Interest expense	170	231	365	467	465	464
Net income	-405	1,515	92	696	585	11
EPS, basic	160.21	7.16	0.32	2.48	2.09	0.04
EPS, diluted	160.21	7.16	0.32	2.48	2.09	0.04
Shares, basic (weighted)	9.46	212	284	280	280	280
Shares, diluted (weighted)	9.46	212	284	280	280	280
Dividend per share			2.66	2.95	2.90	2.80

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	191	377	251	231	296	208
Total assets		17,228	16,124	15,469	14,219	13,729
Total liabilities		9,498	9,112	8,620	7,597	7,880
Total debt		9,142	8,694	8,187	7,351	7,634
Paid-in capital		9,658	9,610	9,437	9,284	9,199
Retained earnings		-1,928	-2,598	-2,588	-2,662	-3,350
Shareholders' equity	3,096	7,730	7,012	6,849	6,622	5,849
Total equity	3,096	7,730	7,012	6,849	6,622	5,849
Total liabilities and equity		17,228	16,124	15,469	14,219	13,729
Shares outstanding	5.53	285	282	280	280	280

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	-405	1,515	92	696	585	11
Cash from operations	675	-639	1,107	1,384	1,901	592
Debt issued	3,379	5,006	3,243	2,169	4,957	8,208
Debt repaid	-3,542	-3,639	-3,661	-2,697	-5,759	-8,070
Share buybacks	-47	-12	-56	-32	0	0
Dividends paid	-340	-502	-738	-823	-1,008	-784
Cash from financing	-590	825	-1,233	-1,404	-1,836	-679
Net change in cash	85	186	-126	-20	65	-88
Interest paid	156	194	331	443	437	471
Income taxes paid	7	9	15	20	27	25

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.25 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-7.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-3.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-98.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-50.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-98.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-50.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-81.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-68.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-18.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-2.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-3.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-11.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-5.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	13.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	96.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	1.26x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	54.0%	Total debt / total assets.
Liabilities / assets	56.1%	Total liabilities / total assets.
Net debt	$6.36B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$5.12B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.35	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$6.86	Cash from operations / diluted weighted shares.
Book value per share	$18.30	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$18.30	Tangible book value / shares outstanding.
Cash per share	$0.39	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$3.11B	Share price x shares outstanding.
Enterprise value	$9.47B	Market cap + total debt - cash - short-term investments.
P/B	0.61x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.61x	Market cap / tangible book value, when positive.
P/OCF	1.62x	Market cap / cash from operations, when positive.
Earnings yield	-12.1%	Net income / market cap (the inverse of P/E).
Dividend yield	23.2%	Dividends paid over the period / market cap.
Shareholder yield	23.2%	(Dividends paid + share buybacks) / market cap.

Was FS KKR Capital Corp profitable in fiscal 2025?

Yes. Net income was $11.0M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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