Blue Owl Capital Corp financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Blue Owl 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	153	219	308	436	435	557
Net income	388	625	466	793	595	627
EPS, basic	1.00	1.59	1.18	2.03	1.53	1.24
EPS, diluted	1.00	1.59	1.18	2.03	1.53	1.24
Shares, basic (weighted)	389	392	394	390	390	506
Shares, diluted (weighted)	389	392	394	390	390	506

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	358	447	445	660	514	569
Total assets		13,298	13,585	13,511	13,866	17,186
Total liabilities		7,360	7,702	7,490	7,913	9,789
Total debt		7,079	7,282	7,077	7,458	9,300
Paid-in capital		5,990	5,971	5,924	5,920	7,512
Retained earnings		-56.4	-92.2	93.5	29.4	-120
Shareholders' equity	5,746	5,938	5,882	6,021	5,953	7,397
Total equity	5,746	5,938	5,882	6,021	5,953	7,397
Total liabilities and equity		13,298	13,585	13,511	13,866	17,186
Shares outstanding	390	394	392	390	390	499

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	388	625	466	793	595	627
Cash from operations	-1,560	-1,227	217	1,136	160	1,742
Debt issued	5,404	5,522	2,531	1,746	4,183	5,184
Debt repaid	-3,135	-3,697	-2,221	-2,007	-3,799	-5,952
Stock issued				0	0	3.07
Share buybacks	-150	-2.6	-26	-34.1	0	-148
Dividends paid	-453	-461	-488	-613	-656	-753
Cash from financing	1,601	1,316	-219	-921	-306	-1,687
Net change in cash	40.8	89.2	-2.06	215	-146	54.4
Interest paid	113	167	234	397	419	571

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 $10.81 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	4.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.9%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	5.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	10.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	10.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-19.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	1.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	4.4%	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	987.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	100.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	24.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.9%	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	5.2%	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	24.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.2%	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	29.7%	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	8.7%	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	5.4%	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	1.12x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	51.5%	Total debt / total assets.
Liabilities / assets	54.2%	Total liabilities / total assets.
Net debt	$7.67B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$7.03B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.58	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	$4.45	Cash from operations / diluted weighted shares.
Book value per share	$14.26	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.26	Tangible book value / shares outstanding.
Cash per share	$0.48	(Cash + short-term investments) / shares outstanding.
Payout ratio	262.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.33B	Share price x shares outstanding.
Enterprise value	$13.00B	Market cap + total debt - cash - short-term investments.
P/E	18.5x	Market cap / net income. Only when net income is positive.
P/B	0.76x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.76x	Market cap / tangible book value, when positive.
P/OCF	2.42x	Market cap / cash from operations, when positive.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Dividend yield	14.2%	Dividends paid over the period / market cap.
Shareholder yield	14.2%	(Dividends paid + share buybacks) / market cap.
PEG	11.1x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was Blue Owl Capital Corp profitable in fiscal 2025?

Yes. Net income was $627.4M, 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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