Fidus Investment Corp (FDUS) - Net Assets
Based on the latest financial reports, Fidus Investment Corp (FDUS) has net assets worth $742.05 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.44 Billion) and total liabilities ($702.16 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Fidus Investment Corp (FDUS) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $742.05 Million |
| % of Total Assets | 51.38% |
| Annual Growth Rate | 18.59% |
| 5-Year Change | 52.1% |
| 10-Year Change | 109.7% |
| Growth Volatility | 29677.77 |
Fidus Investment Corp - Net Assets Trend (2009–2025)
This chart illustrates how Fidus Investment Corp's net assets have evolved over time, based on quarterly financial data. See FDUS cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fidus Investment Corp (2009–2025)
The table below shows the annual net assets of Fidus Investment Corp from 2009 to 2025. For live valuation and market cap data, see how much is Fidus Investment Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $741.90 Million | +13.15% |
| 2024-12-31 | $655.67 Million | -99.89% |
| 2023-12-31 | $589.47 Billion | +122619.39% |
| 2022-12-31 | $480.34 Million | -1.52% |
| 2021-12-31 | $487.76 Million | +18.75% |
| 2020-12-31 | $410.76 Million | -0.38% |
| 2019-12-31 | $412.31 Million | +2.31% |
| 2018-12-31 | $402.99 Million | +2.47% |
| 2017-12-31 | $393.27 Million | +11.16% |
| 2016-12-31 | $353.79 Million | +43.02% |
| 2015-12-31 | $247.36 Million | +1.69% |
| 2014-12-31 | $243.26 Million | +15.22% |
| 2013-12-31 | $211.12 Million | +15.31% |
| 2012-12-31 | $183.09 Million | +30.33% |
| 2011-12-31 | $140.48 Million | +170.13% |
| 2010-12-31 | $52.00 Million | +7.27% |
| 2009-12-31 | $48.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fidus Investment Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3846.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $100.48 Million | 13.54% |
| Common Stock | $38.00K | 0.01% |
| Other Components | $641.38 Million | 86.45% |
| Total Equity | $741.90 Million | 100.00% |
Fidus Investment Corp Competitors by Market Cap
The table below lists competitors of Fidus Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chenming Mold Industrial Corp
TW:3013
|
$698.00 Million |
|
AECI Ltd
JSE:AFE
|
$698.16 Million |
|
S&S TECH Corporation
KQ:101490
|
$698.19 Million |
|
Dakota Gold Corp.
NYSE MKT:DC
|
$698.29 Million |
|
Shenzhen Refond Optoelectronics Co Ltd
SHE:300241
|
$697.82 Million |
|
Guilin Layn Natural Ingredients Corp
SHE:002166
|
$697.79 Million |
|
Archean Chemical Industries Limited
NSE:ACI
|
$697.62 Million |
|
Ridley Corporation Ltd
AU:RIC
|
$697.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fidus Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 655,666,000 to 741,899,000, a change of 86,233,000 (13.2%).
- Net income of 82,402,000 contributed positively to equity growth.
- Dividend payments of 75,469,000 reduced retained earnings.
- New share issuances of 79,300,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $82.40 Million | +11.11% |
| Dividends Paid | $75.47 Million | -10.17% |
| Share Issuances | $79.30 Million | +10.69% |
| Total Change | $- | 13.15% |
Book Value vs Market Value Analysis
This analysis compares Fidus Investment Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.58x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $5.14 | $18.39 | x |
| 2010-12-31 | $5.52 | $18.39 | x |
| 2011-12-31 | $14.90 | $18.39 | x |
| 2012-12-31 | $17.98 | $18.39 | x |
| 2013-12-31 | $15.61 | $18.39 | x |
| 2014-12-31 | $16.96 | $18.39 | x |
| 2015-12-31 | $15.27 | $18.39 | x |
| 2016-12-31 | $19.35 | $18.39 | x |
| 2017-12-31 | $16.72 | $18.39 | x |
| 2018-12-31 | $16.47 | $18.39 | x |
| 2019-12-31 | $16.85 | $18.39 | x |
| 2020-12-31 | $16.81 | $18.39 | x |
| 2021-12-31 | $19.96 | $18.39 | x |
| 2022-12-31 | $19.63 | $18.39 | x |
| 2023-12-31 | $22357.97 | $18.39 | x |
| 2024-12-31 | $20.12 | $18.39 | x |
| 2025-12-31 | $20.90 | $18.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fidus Investment Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.75%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.92x
- Recent ROE (11.11%) is above the historical average (9.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -3.28% | -11.23% | 0.11x | 2.67x | $-6.44 Million |
| 2010 | 9.66% | 101.65% | 0.03x | 2.83x | $-176.75K |
| 2011 | 10.95% | 93.07% | 0.07x | 1.77x | $1.34 Million |
| 2012 | 10.60% | 87.93% | 0.07x | 1.82x | $1.10 Million |
| 2013 | 12.88% | 87.57% | 0.08x | 1.74x | $6.09 Million |
| 2014 | 8.01% | 80.94% | 0.06x | 1.79x | $-4.84 Million |
| 2015 | 10.50% | 85.85% | 0.06x | 1.96x | $1.24 Million |
| 2016 | 11.75% | 87.89% | 0.08x | 1.66x | $6.19 Million |
| 2017 | 11.18% | 85.03% | 0.08x | 1.64x | $4.62 Million |
| 2018 | 12.27% | 86.96% | 0.08x | 1.72x | $9.15 Million |
| 2019 | 11.75% | 89.86% | 0.07x | 1.91x | $7.24 Million |
| 2020 | 7.60% | 78.12% | 0.05x | 2.13x | $-9.85 Million |
| 2021 | 23.80% | 91.24% | 0.14x | 1.84x | $67.33 Million |
| 2022 | 7.46% | 50.02% | 0.08x | 1.95x | $-12.21 Million |
| 2023 | 0.01% | 71.02% | 0.00x | 1.85x | $-58.87 Billion |
| 2024 | 11.94% | 68.87% | 0.10x | 1.78x | $12.73 Million |
| 2025 | 11.11% | 51.75% | 0.11x | 1.92x | $8.21 Million |
Industry Comparison
This section compares Fidus Investment Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,535,670,256
- Average return on equity (ROE) among peers: -4.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fidus Investment Corp (FDUS) | $742.05 Million | -3.28% | 0.95x | $697.98 Million |
| Acadian Asset Management Inc (AAMI) | $2.56 Billion | 2.02% | 2.04x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.16 Billion | 6.78% | 0.01x | $3.25 Billion |
| Associated Capital Group Inc (AC) | $898.30 Million | 4.93% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $370.30 Million | 7.23% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.56 Million | -137.00% | 1.03x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-453.32K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $332.50 Million |
| Affiliated Managers Group Inc (AMG) | $4.64 Billion | 24.69% | 0.91x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $5.94 Billion | 57.52% | 28.61x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $-303.04 Million | 0.00% | 0.00x | $41.21 Million |
About Fidus Investment Corp
Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordin… Read more