Saratoga Investment Corp. SAR FINANCIAL
Company Overview
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.
Why Investors Should Care
Revenue has grown at a 11.2% CAGR over the past five years.
Trades at an undemanding P/E of 17.8.
Operating margin of 69.0% supports profitability.
Offers a dividend yield of 16.80%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Feb 2026 Revenue of $49.92M (+18.6% YoY); net profit $36.60M.
- Trailing 12 Months Year-on-year growth — revenue -4.8%, earnings +30.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 11.2%, profit CAGR -5.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 11.15% |
| 1 Year: | -4.80% |
Compounded Profit Growth
| 5 Years: | -5.42% |
| 1 Year: | 30.33% |
Stock Price Performance
| 1 Year: | -20.91% |
| 6 Months: | -18.41% |
| 3 Months: | -18.71% |
| 1 Month: | -11.59% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)30.93 · Neutral
P/E of 17.81 is above the sector median of 12.89 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 11.2% over 5 years.
- Attractive dividend yield of 16.80%.
- Generates positive free cash flow.
CONS
- Earnings shrank at -5.4% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SAR Saratoga Investment Corp. FINANCIAL | 17.45 | 17.81 | $280.61M | 16.80% | - | 4.07% | 11.15% | -5.42% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Aug 2021 | Nov 2021 | May 2022 | Aug 2022 | Nov 2022 | May 2023 | Aug 2023 | Nov 2023 | May 2024 | Aug 2024 | Nov 2024 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 16.84M | 15.39M | 15.34M | 2.35M | -4.76M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 2.80M | 2.54M | 3.39M | 3.10M | 2.69M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 12.45M | 12.37M | 11.91M | 12.57M | 13.65M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | 14.04M | 12.85M | 11.95M | -750.41K | -7.45M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | 109.54K | -435.31K | -54.54K | 1.86M | -547.38K |
| Net Income | - | - | -1.49M | 948.43K | 6.01M | -213.26K | 7.90M | -4.06M | 6.61M | 13.32M | 8.83M | 13.93M | 13.29M | 12.00M | -2.61M | -6.90M |
| Diluted EPS | 0.71 | 0.73 | -0.12 | 0.08 | 0.51 | -0.02 | 0.65 | -0.31 | 0.48 | 0.97 | 0.64 | 0.91 | 0.84 | 0.74 | -0.16 | -0.42 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | - | 36.35M | 20.36M | 42.10M | 49.92M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | - | 9.60M | 8.67M | 10.14M | 11.83M |
| Operating Income | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - |
| Interest Expense | - | - | 33.50M | 49.18M | 52.06M | 49.30M |
| Pretax Income | - | - | 26.76M | 11.70M | 31.97M | 38.09M |
| Tax Provision | - | - | 2.08M | 2.77M | 3.88M | 1.48M |
| Net Income | - | 45.74M | 24.68M | 8.93M | 28.09M | 36.60M |
| Diluted EPS | 1.32 | 3.99 | 2.06 | 0.71 | 2.02 | 2.31 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | May 2023 | Aug 2023 | Nov 2023 | Feb 2024 | May 2024 | Aug 2024 | Nov 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 1.08B | - | - | - | 1.19B | - | - | - | 1.19B | 1.14B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash & Equivalents | - | - | - | 65.75M | - | - | - | 8.69M | - | - | - | 148.22M | 1.68M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | 8.52M | - | - | - | 10.64M | - | - | - | 7.79M | 7.56M |
| Total Liabilities | - | - | - | 731.20M | - | - | - | 820.98M | - | - | - | 798.88M | 743.11M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | 711.13M | - | - | - | 803.67M | - | - | - | 781.82M | 725.65M |
| Total Equity | 304.29M | 304.19M | - | 346.96M | 337.45M | 362.08M | 359.56M | 370.22M | 367.86M | 372.05M | 374.87M | 392.67M | 396.16M |
| Shares Outstanding | - | - | - | 11.89M | - | - | - | 13.65M | - | - | - | 15.18M | 16.22M |
Cash Flows (Annual)
Figures in USD.
| Metric | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -62.35M | -203.13M | -130.37M | -157.21M | 197.54M | -88.03M |
| Investing Cash Flow | - | - | - | - | - | - |
| Financing Cash Flow | 52.81M | 226.09M | 173.58M | 101.64M | -33.32M | -94.91M |
| Capital Expenditure | - | - | - | - | - | - |
| Free Cash Flow | - | - | -130.37M | -157.21M | 197.54M | -88.03M |
| Net Change in Cash | - | - | 43.21M | -55.57M | 164.22M | -182.94M |
| Share Buybacks | - | - | 10.82M | 2.16M | - | 54.31K |
| Dividends Paid | 11.27M | 18.16M | 22.67M | 32.05M | 40.75M | 52.36M |
Ratios (Annual)
Figures in %.
| Metric | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - |
| Net Margin % | - | - | 67.9% | 43.9% | 66.7% | 73.3% |
| ROE % | - | - | 7.1% | 2.4% | 7.2% | 9.2% |
| ROCE % | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Lido Advisors, LLC | 1.13% | 181.52K | $3.20M |
| 2 | Private Advisor Group, LLC | 0.91% | 146.68K | $2.59M |
| 3 | Legal & General Group PLC | 0.88% | 141.23K | $2.49M |
| 4 | Hennion & Walsh Asset Management, Inc. | 0.79% | 127.04K | $2.24M |
| 5 | Advisors Asset Management, Inc. | 0.76% | 121.64K | $2.15M |
| 6 | International Assets Investment Management, LLC | 0.72% | 116.01K | $2.05M |
| 7 | LPL Financial LLC | 0.70% | 111.91K | $1.97M |
| 8 | Wells Fargo & Company | 0.53% | 85.08K | $1.50M |
| 9 | Janney Montgomery Scott LLC | 0.35% | 56.16K | $990.61K |
| 10 | Ethos Financial Group, LLC | 0.35% | 56.53K | $997.24K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SAR
Saratoga Investment Corp. Announces Offering of Notes and BBB Investment Grade Rating from Egan-Jones Ratings Company
NEW YORK, NY, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”). The Company also announced that it has receiv…
Saratoga Investment Q1 Earnings Call Highlights
Saratoga Investment (NYSE:SAR) reported higher assets under management and positive net originations for its fiscal first quarter 2027, while lower short-term rates, tighter spreads and higher borrowing costs weighed on net investment incom…
Saratoga Investment (SAR) Q1 Earnings and Revenues Miss Estimates
Saratoga Investment (SAR) delivered earnings and revenue surprises of -12.96% and -2.82%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
Saratoga Investment Corp. Announces Fiscal First Quarter 2027 Financial Results
Reports Quarterly Asset Growth of 1.6% and Net Originations of $31 Million, Including Two New Portfolio Companies Non-Accruals Decreased to 0.0% of Fair Value and 1.2% of Cost NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment …
Vitana Pediatric & Orthodontic Partners Expands Debt Financing with New Capital from Saratoga Investment Corp.
Vitana Pediatric & Orthodontic Partners ("Vitana"), a leading Dental Partnership Organization (DPO) exclusively dedicated to Pediatric Dentistry and Orthodontics, today announced the addition of Saratoga Investment Corp ("Saratoga"). as a n…
Saratoga Investment Corp. to Report Fiscal First Quarter 2027 Financial Results and Hold Conference Call
NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended May 31, 2026, on Tuesday July 7, 2026, after market close. A co…
SAR — Frequently Asked Questions
What is the current share price of Saratoga Investment Corp. (SAR)?
As of 2026-09-19 21:16 PDT, Saratoga Investment Corp. (SAR) trades at $17.45 on NYSE. Its 52-week range is $16.99 to $22.51.
What is the market capitalisation of SAR?
Saratoga Investment Corp. (SAR) has a market capitalisation of $280.61M on NYSE.
What is the P/E ratio of SAR?
SAR trades at a trailing price-to-earnings (P/E) ratio of 17.81. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 0.76.
Does SAR pay a dividend?
Saratoga Investment Corp. (SAR) currently offers a dividend yield of 16.80%.
What is the return on equity (ROE) of SAR?
SAR has a return on equity (ROE) of 4.07%.
Is SAR a good stock to buy?
This page provides a data-driven analysis of Saratoga Investment Corp. (SAR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.