PennantPark Floating Rate Capital Ltd.
PFLT NYSE Financials FY2020–FY2025
Last close · Oct 23, 2026
$6.38
0.6%
Revenue
Total sales reported in the income statement.
$261M
40.3%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
$66.4M
27.7%
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
$633M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What PennantPark Floating Rate Capital Ltd. does
No business description yet.
- Legal name
- PennantPark Floating Rate Capital Ltd.
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 10-K · Nov 24, 2025
- Accession · CIK
- 0001193125-25-293672
0001504619
Revenue and margins
PennantPark Floating Rate Capital Ltd. had $261M of revenue in fiscal 2025, up 40.3% on the year before.
FY20
Revenue —
FY21
Revenue $82.7M
FY22
Revenue $105M
FY23
Revenue $139M
FY24
Revenue $186M
FY25
Revenue $261M
Q4 '23
Revenue $35.7M
Q1 '24
Revenue $38.0M
Q2 '24
Revenue $44.4M
Q3 '24
Revenue $48.5M
Q4 '24
Revenue $55.5M
Q1 '25
Revenue $67.0M
Q2 '25
Revenue $61.9M
Q3 '25
Revenue $63.5M
Q4 '25
Revenue $69.0M
Q1 '26
Revenue $70.1M
Q2 '26
Revenue $66.0M
Q3 '26
Revenue $66.1M
FY20
Gross —
Operating —
Net —
FCF —
FY21
Gross —
Operating —
Net 68.3%
FCF —
FY22
Gross —
Operating —
Net 3.3%
FCF —
FY23
Gross —
Operating —
Net 28.2%
FCF —
FY24
Gross —
Operating —
Net 49.3%
FCF —
FY25
Gross —
Operating —
Net 25.4%
FCF —
Gross
Operating
Net
FCF
Q4 '23
Gross —
Operating —
Net 78.5%
FCF —
Q1 '24
Gross —
Operating —
Net 59.2%
FCF —
Q2 '24
Gross —
Operating —
Net 70.1%
FCF —
Q3 '24
Gross —
Operating —
Net 34.9%
FCF —
Q4 '24
Gross —
Operating —
Net 38.4%
FCF —
Q1 '25
Gross —
Operating —
Net 42.3%
FCF —
Q2 '25
Gross —
Operating —
Net 2.0%
FCF —
Q3 '25
Gross —
Operating —
Net 30.4%
FCF —
Q4 '25
Gross —
Operating —
Net 25.4%
FCF —
Q1 '26
Gross —
Operating —
Net −5.1%
FCF —
Q2 '26
Gross —
Operating —
Net 43.6%
FCF —
Q3 '26
Gross —
Operating —
Net 11.5%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income $18.4M
FY21
Net income $56.5M
FY22
Net income $3.5M
FY23
Net income $39.3M
FY24
Net income $91.8M
FY25
Net income $66.4M
Q4 '23
Net income $28.0M
Q1 '24
Net income $22.5M
Q2 '24
Net income $31.1M
Q3 '24
Net income $16.9M
Q4 '24
Net income $21.3M
Q1 '25
Net income $28.3M
Q2 '25
Net income $1.2M
Q3 '25
Net income $19.3M
Q4 '25
Net income $17.5M
Q1 '26
Net income −$3.6M
Q2 '26
Net income $28.7M
Q3 '26
Net income $7.6M
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital —
Return on equity —
Return on assets —
FY21
Return on capital —
Return on equity 11.5%
Return on assets 4.8%
FY22
Return on capital —
Return on equity 0.7%
Return on assets 0.3%
FY23
Return on capital —
Return on equity 6.7%
Return on assets 3.3%
FY24
Return on capital —
Return on equity 12.0%
Return on assets 5.6%
FY25
Return on capital —
Return on equity 6.8%
Return on assets 2.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY20
Free cash flow —
FY21
Free cash flow —
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY20
Cash from operations −$4.9M
Capital spending —
FY21
Cash from operations $49.8M
Capital spending —
FY22
Cash from operations −$46.6M
Capital spending —
FY23
Cash from operations $141M
Capital spending —
FY24
Cash from operations −$801M
Capital spending —
FY25
Cash from operations −$721M
Capital spending —
Cash from operations
Capital spending
Q4 '23
Cash from operations $78.2M
Capital spending —
Q1 '24
Cash from operations −$182M
Capital spending —
Q2 '24
Cash from operations −$173M
Capital spending —
Q3 '24
Cash from operations −$155M
Capital spending —
Q4 '24
Cash from operations −$292M
Capital spending —
Q1 '25
Cash from operations −$233M
Capital spending —
Q2 '25
Cash from operations −$118M
Capital spending —
Q3 '25
Cash from operations −$35.3M
Capital spending —
Q4 '25
Cash from operations −$335M
Capital spending —
Q1 '26
Cash from operations $149M
Capital spending —
Q2 '26
Cash from operations $24.3M
Capital spending —
Q3 '26
Cash from operations $103M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
PennantPark Floating Rate Capital Ltd. returned $112M to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY20
Dividends $44.2M
Buybacks —
FY21
Dividends $44.2M
Buybacks —
FY22
Dividends $46.1M
Buybacks —
FY23
Dividends $58.7M
Buybacks —
FY24
Dividends $78.8M
Buybacks —
FY25
Dividends $112M
Buybacks —
Dividends
Buybacks
Q4 '23
Dividends $17.5M
Buybacks —
Q1 '24
Dividends $18.1M
Buybacks —
Q2 '24
Dividends $18.4M
Buybacks —
Q3 '24
Dividends $20.1M
Buybacks —
Q4 '24
Dividends $22.3M
Buybacks —
Q1 '25
Dividends $24.3M
Buybacks —
Q2 '25
Dividends $26.8M
Buybacks —
Q3 '25
Dividends $30.0M
Buybacks —
Q4 '25
Dividends $30.5M
Buybacks —
Q1 '26
Dividends $30.5M
Buybacks —
Q2 '26
Dividends $30.5M
Buybacks —
Q3 '26
Dividends $30.5M
Buybacks —
Dividends
Buybacks
FY20
Diluted shares —
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably PennantPark Floating Rate Capital Ltd. can carry it.
FY20
Cash —
Debt —
FY21
Cash $49.8M
Debt —
FY22
Cash $51.5M
Debt —
FY23
Cash $101M
Debt —
FY24
Cash $112M
Debt —
FY25
Cash $123M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $49.8M | $51.5M | $101M | $112M | $123M |
| Total assets | $1.2B | $1.2B | $1.2B | $2.1B | $2.9B |
| Total liabilities | $680M | $700M | $526M | $1.2B | $1.8B |
| Shareholders' equity | $491M | $527M | $654M | $877M | $1.1B |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ |
| Return on assets rose | — | — | ✕ | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ |
| Debt fell relative to assets | — | — | — | — | — | — |
| Current ratio rose | — | — | — | — | — | — |
| Share count didn't rise | — | — | — | — | — | — |
| Gross margin rose | — | — | — | — | — | — |
| Revenue rose relative to assets | — | — | ✓ | ✓ | ✕ | ✓ |
| F-score | — / 3 | — / 3 | — / 5 | — / 5 | — / 5 | — / 5 |
| Accruals ratio | — | 0.6% | 4.2% | −8.4% | 54.3% | 31.3% |
| Altman Z'' | — | — | — | — | — | — |
6 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | — | $82.7M | $105M | $139M | $186M | $261M |
| Net income | $18.4M | $56.5M | $3.5M | $39.3M | $91.8M | $66.4M |
| Cash flow | ||||||
| Cash from operations | −$4.9M | $49.8M | −$46.6M | $141M | −$801M | −$721M |
| Dividends paid | $44.2M | $44.2M | $46.1M | $58.7M | $78.8M | $112M |
| Dividends and buybacks | $44.2M | $44.2M | $46.1M | $58.7M | $78.8M | $112M |
| Balance sheet | ||||||
| Cash and short-term investments | — | $49.8M | $51.5M | $101M | $112M | $123M |
| Total assets | — | $1.2B | $1.2B | $1.2B | $2.1B | $2.9B |
| Total liabilities | — | $680M | $700M | $526M | $1.2B | $1.8B |
| Shareholders' equity | — | $491M | $527M | $654M | $877M | $1.1B |
| Margins | ||||||
| Net margin | — | 68.3% | 3.3% | 28.2% | 49.3% | 25.4% |
| Returns | ||||||
| Return on equity | — | 11.5% | 0.7% | 6.7% | 12.0% | 6.8% |
| Return on assets | — | 4.8% | 0.3% | 3.3% | 5.6% | 2.6% |
| Return on tangible equity | — | 11.5% | 0.7% | 6.0% | 10.5% | 6.2% |
| Growth | ||||||
| Revenue growth | — | — | 27.6% | 32.1% | 33.7% | 40.3% |
| Net income growth | — | 206.9% | −93.9% | 1,037.0% | 133.9% | −27.7% |
| Quality scores | ||||||
| Accruals ratio | — | 0.6% | 4.2% | −8.4% | 54.3% | 31.3% |
Source: SEC EDGAR XBRL filings (CIK 0001504619). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.