Fidus Investment Corporation (FDUS) Stock

Fidus Investment Corporation (FDUS) is a Financial Services stock trading at $19.42 (as of 2026-07-24), with a market capitalization of $737.07M and a trailing P/E of 8.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fidus Investment Corporation is a business development company that invests in private companies through debt and equity instruments, including mezzanine and other structured credit. Its transactions can involve leveraged buyouts, refinancings, recapitalizations, acquisitions, and growth capital, typically targeting U.S. lower middle-market businesses.

Understand Fidus Investment Corporation: how it makes money

Fidus Investment Corporation is a business development company that provides lower middle market financing through structured investments like senior secured and unitranche debt, second lien and subordinated loans, preferred equity, and warrants, and it makes money from the performance of those debt and equity portfolios (as reflected in fair value, NAV, and related incentive fee measures).

Fidus is primarily an investment portfolio business, where the key profit engine is the performance of its debt and equity holdings, which shows up in AUM and especially changes in fair value and NAV (including variable rate debt exposure, debt investment fair value, and whether capital gains incentive fees are accruing).

Business quality (Solid): The provided information highlights a portfolio-driven model with investor-watch metrics like Assets Under Management and Net Asset Value per Common Share, but there is no reportable segment revenue breakdown in the facts, and the latest quarter revenue is shown as 0.0B, limiting traditional income-statement validation.

Valuation: At 8× earnings, FDUS trades 19% below the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

  • Portfolio growth and scale trackable via AUM: For the latest quarter, Assets Under Management is reported at 0.96 USD_B, giving a direct, portfolio-scale operating metric to monitor.
  • Debt and NAV metrics provide a clear window into portfolio economics: Debt portfolio fair value is reported (1.2 USD_B) and Net Asset Value per Common Share is 19.55 USD_per_share, tying investor outcomes to the value of the underlying investments.

Bear case

  • Lower reliance on realized upside in the period: Capital Gains Incentive Fees Accrued is shown as 0.0 USD_B for the latest quarter, which suggests less contribution from capital gains incentive fee accruals at that point.
  • Sensitivity to the debt portfolio and variable rate exposure: Debt Investments at Variable Interest Rate (Fair Value) is reported (0.89 USD_B) and Debt Investments Fair Value is reported (0.83 USD_B), so portfolio and rate-related dynamics can materially affect measured value and NAV.
Valuation — source: SEC EDGAR (first-party)
Price$19.42
Market Cap$737.07M
P/E Ratio8.9
Price / Book0.99
Price / Sales4.42
DCF Value (model)$32.02
DCF Upside vs Price64.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$155.87M
Net Margin52.9%
Revenue Growth (YoY)30.2%
EPS Growth (YoY)22.6%
Valuation vs Sector & Industry
Stock P/E8.9
Sector P/E (Financial Services)8.9
Industry P/E (Asset Management)8.9
vs Sector0.3%
vs Industry0.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderRAYMOND JAMES FINANCIAL INC ($14.01M)
Institutional Holders Tracked10
Company
SectorFinancial Services
IndustryAsset Management
CEOEdward H. Ross
CountryUS
IPO Date2011-06-21

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FDUS earnings history · FDUS institutional & insider holders · FDUS KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.