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Saratoga Investment Corp. logo

Saratoga Investment Corp.

SAY

NYSEFinancial ServicesAsset Management

Open in GoAI

Previous close

$25.05

−$0.03 · -0.12%

Aug 21, 4:00 PM ET

SAY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

37

Weakening

Sentiment

55

Mixed

Risk resilience

88

Low Risk

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Company profile

Company website

Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. The company was founded on March 21, 2007 and is headquartered in New York, NY.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Chris Long Oberbeck
Listed since
Dec 16, 2022
Employees
30

Market position

Day range

Current $25.05

52-week range

Current $25.05

Open
$25.09
Previous close
$25.08
Volume
2.77K
0.56× average
Average volume
4.97K
Average daily volume
Market cap
313.15M USD
Beta
0.05
Market reference 1
50-day average
$25.3188
-1.06% below average
200-day average
$25.325
-1.09% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.08B USD
P/E (TTM)
18.43×
P/B (TTM)
0.79×
P/S (TTM)
2.99×
EV / EBITDA
28.23×
Earnings yield
9.97%
Free cash flow yield
-23.98%
Dividend yield
17.63%

Profitability & efficiency

Gross margin
56.59%
Operating margin
46.30%
Net margin
16.64%
Return on equity
9.24%
Return on assets
3.21%
Return on invested capital
3.24%

Financial health

Debt / equity
1.56×
Current ratio
0.36×
Altman Z-score
-0.45
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%56%31%7%Gross margin, FY2022: 74.33%Gross margin, FY2023: 52.04%Gross margin, FY2024: 29.28%Gross margin, FY2025: 44.71%Gross margin, FY2026: 50.31%Operating margin, FY2022: 62.63%Operating margin, FY2023: 38.31%Operating margin, FY2024: 16.82%Operating margin, FY2025: 33.95%Operating margin, FY2026: 38.39%Net margin, FY2022: 59.04%Net margin, FY2023: 35.33%Net margin, FY2024: 12.85%Net margin, FY2025: 29.83%Net margin, FY2026: 36.89%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 74.33%. Gross margin FY2023 52.04%. Gross margin FY2024 29.28%. Gross margin FY2025 44.71%. Gross margin FY2026 50.31%. Operating margin FY2022 62.63%. Operating margin FY2023 38.31%. Operating margin FY2024 16.82%. Operating margin FY2025 33.95%. Operating margin FY2026 38.39%. Net margin FY2022 59.04%. Net margin FY2023 35.33%. Net margin FY2024 12.85%. Net margin FY2025 29.83%. Net margin FY2026 36.89%.

Income trends

Revenue

99.22M USD+5.37%

Operating income

38.09M USD+19.15%

Net income

36.6M USD+30.33%
Income trends across reported periods108.25M USD72.13M USD36.02M USD−94.85K USDRevenue, FY2022: 77.46M USDRevenue, FY2023: 69.85M USDRevenue, FY2024: 69.55M USDRevenue, FY2025: 94.16M USDRevenue, FY2026: 99.22M USDOperating income, FY2022: 48.52M USDOperating income, FY2023: 26.76M USDOperating income, FY2024: 11.7M USDOperating income, FY2025: 31.97M USDOperating income, FY2026: 38.09M USDNet income, FY2022: 45.74M USDNet income, FY2023: 24.68M USDNet income, FY2024: 8.93M USDNet income, FY2025: 28.09M USDNet income, FY2026: 36.6M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 77.46M USD. Revenue FY2023 69.85M USD. Revenue FY2024 69.55M USD. Revenue FY2025 94.16M USD. Revenue FY2026 99.22M USD. Operating income FY2022 48.52M USD. Operating income FY2023 26.76M USD. Operating income FY2024 11.7M USD. Operating income FY2025 31.97M USD. Operating income FY2026 38.09M USD. Net income FY2022 45.74M USD. Net income FY2023 24.68M USD. Net income FY2024 8.93M USD. Net income FY2025 28.09M USD. Net income FY2026 36.6M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue99.22M USD94.16M USD69.55M USD69.85M USD77.46M USD
Cost of goods sold49.3M USD52.06M USD49.18M USD33.5M USD19.88M USD
Gross profit49.92M USD42.1M USD20.37M USD36.35M USD57.58M USD
Selling, general, and administrative11.01M USD9.34M USD8.56M USD8.01M USD6.63M USD
Operating expenses11.83M USD10.14M USD8.67M USD9.6M USD9.07M USD
Interest income114.78M USD137.55M USD130.3M USD86.59M USD58.51M USD
Interest expense49.3M USD52.06M USD49.18M USD33.5M USD19.88M USD
Operating income38.09M USD31.97M USD11.7M USD26.76M USD48.52M USD
Net income36.6M USD28.09M USD8.93M USD24.68M USD45.74M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
2.31
FY2026 · +14.36% year over year
Latest fiscal-year revenue
99.22M USD
FY2026 · +5.37% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend4.323.011.690.38FY22FY23FY24FY25FY26

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend102.19M90.32M78.45M66.58MFY22FY23FY24FY25FY26

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.0312

2025 complete year+3.4% since 2023

2026 partial: $1.5234

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$0.5078

Quarterly

Record Aug 14, 2026 · Payment Aug 31, 2026

Dividend

Ex-dividend May 15, 2026

$0.5078

Quarterly

Record May 15, 2026 · Payment Jun 1, 2026

Dividend

Ex-dividend Feb 13, 2026

$0.5078

Quarterly

Record Feb 13, 2026 · Payment Mar 2, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.5078

Quarterly

Record Nov 14, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.5078

Quarterly

Record Aug 15, 2025 · Payment Sep 2, 2025

Dividend

Ex-dividend May 15, 2025

$0.5078

Quarterly

Record May 15, 2025 · Payment Jun 2, 2025

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