arcc
ARCC price vs NAV
NAV has risen steadily over five years while the stock has tracked close to NAV, dipping to a discount in H1 2026.
ARCC share price vs. NAV per share (FY2021-FY2025)
ARCC NAV per share
NAV per share rose from $18.96 in 2021 to a 2025 peak near $19.94, then eased in H1 2026.
ARCC NAV per share (FY2021-FY2025)
ARCC net investment income
NII per share held around $2.0-2.3 after 2019, comfortably covering the dividend.
ARCC net investment income per share (2019-2025)
ARCC dividend coverage ratio
Coverage has held at or above 1.0x since 2021.
ARCC dividend coverage (2019–2025)
ARCC portfolio mix by year
The portfolio shifted toward senior secured loans since 2021.
ARCC portfolio composition (2021–2025)
ARCC portfolio composition vs peers
ARCC is more diversified by seniority than most peers.
Portfolio composition by seniority — ARCC vs peers (current)
ARCC stock volatility vs peers
ARCC has one of the lowest volatilities of its peers.
Price volatility — ARCC vs peers (3-yr)
ARCC max drawdown vs peers
ARCC's max drawdown is the shallowest among peers over 3 years.
Max drawdown — ARCC vs peers (3-yr)
ARCC realized credit losses FY25
ARCC realized no credit losses in FY2025, like most peers.
Realized credit losses — ARCC vs peers (FY2025)
ARCC credit losses by year vs peers
Credit losses trended negative for several peers while ARCC stayed near flat.
Annual credit losses — ARCC vs peers (FY2021–FY2025)
ARCC non-accrual loans
Non-accruals fell to ~1% of the portfolio, a low credit-stress signal.
ARCC non-accrual loans (2019–2025)
ARCC portfolio yield
Weighted average yield on debt securities is ~10.5% at fair value.
ARCC weighted average yield on debt (2019–2025)
ARCC leverage
Leverage runs ~1.1x, well below the ~2x cap.
ARCC leverage, debt/equity (2021-2026)
ARCC dividends per share
The regular dividend was raised to $1.92 and held stable.
ARCC dividends per share (2019-2025)
ARCC dividend yield
Yield sits near 9–10%.
ARCC dividend yield (2019–2025)
largest BDCs by market cap
ARCC is the largest listed BDC.
Largest BDCs by market cap (current)
ARCC total assets
The balance sheet has roughly doubled since 2019.
ARCC total assets (2019–2025)
ARCC total return by year
Returns were positive most years, led by a 35% gain in 2021.
ARCC total shareholder return (2018–2025)
ARCC dividend yield vs peers
Yield is at the low end of peers.
Dividend yield — ARCC vs peers (current)
ARCC price to NAV vs peers
ARCC trades near NAV; FSK trades at a ~42% discount.
Premium/discount to NAV — ARCC vs peers (current)
ARCC 5-year total return vs peers
9.4%/yr — solid, but below HTGC.
5-year total return — ARCC vs peers