FS KKR Capital
Through the investors’ lenses
0 of 2 cleared0 of 3 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 0/2
| Measure | FSK | Checked against | |
|---|---|---|---|
| Owner earnings | — | positive | — |
| Return on equity | 0.2% | US median 2.8% | ✗ |
| Debt to equity | 1.31x | US median 0.57x | ✗ |
| Operating margin | — | US median 3.1% | — |
Passes 0 of 2. These are the measures Warren Buffett published, applied to FS KKR Capital’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 0/1
| Measure | FSK | Checked against | |
|---|---|---|---|
| Debt to equity | 1.31x | US median 0.57x | ✗ |
| Net margin | — | US median 2.0% | — |
Passes 0 of 1. These are the measures Peter Lynch published, applied to FS KKR Capital’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| Net investment income | 116.0% | whyWhat actually funds a BDC distribution. |
No GAAP earnings figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.
Operating and free cash flow are omitted deliberately. A BDC funds distributions from net investment income; its cash flow statement reflects portfolio purchases and sales.
Coverage rating 37 / 100 — Strained. ? Peer standing · not rankedDirection 0/30Stability 18/20
Net investment income payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 116.0% |
| 2024-12-31 | 97.2% |
| 2023-12-31 | 90.5% |
| 2022-12-31 | 85.3% |
| 2021-12-31 | 84.2% |
| 2020-12-31 | 99.7% |
Coverage has deteriorated three years running — 85.3% to 116.0% — and the dividend now exceeds what the basis that applies can fund.
The arithmetic
Where the figures came from
- 10-K filed 2026-02-25 · accession 0001628280-26-011734
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- basis discarded as outside the sane band (distribution far larger than the year's income — usually a special dividend or a return of capital, not a payout ratio): earnings
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the net investment income payout ratio measures, and where every company here sits on it.
Also on: rated strained · when it files.
Who else looks like this
Every figure above is computed from FS KKR Capital’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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