Operating Margin

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Price: 14.1 USD -0.84% Market Closed

Market Cap: $3.9B

45.4%

Declining

by 4.3%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

45.4%

Operating Income

$717m

Revenue

$1.6B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

45.4%

Operating Income

$717m

Revenue

$1.6B

Peer Comparison

Country		Company	Market Cap	Operating Margin
US		FS KKR Capital Corp NYSE:FSK	3.9B USD	Loading...
US		Blackstone Inc NYSE:BX	177.9B USD	Loading...
US		BlackRock Inc NYSE:BLK	172.4B USD	Loading...
CA		Brookfield Corp NYSE:BN	105.4B USD	Loading...
US		KKR & Co Inc NYSE:KKR	104.4B USD	Loading...
US		BROOKFIELD ASSET MANAGEMENT LTD F:RW5	69.4B EUR	Loading...
CA	B	BROOKFIELD ASSET MANAGEMENT LTD TSX:BAM	112.2B CAD	Loading...
CA		Brookfield Asset Management Inc NYSE:BAM	82.5B USD	Loading...
US		Bank of New York Mellon Corp NYSE:BK	81.7B USD	Loading...
UK		3i Group PLC LSE:III	34.6B GBP	Loading...
US		Ameriprise Financial Inc NYSE:AMP	46.7B USD	Loading...

Market Distribution

Min	-4 087 900%
30th Percentile	-5.1%
Median	6%
70th Percentile	14.8%
Max	1 032 600%

Other Profitability Ratios

FS KKR Capital Corp
Glance View

Economic Moat

None

Market Cap

3.9B USD

Industry

Financial Services

FS KKR Capital Corp. is a notable player in the realm of business development companies, a specialized niche where financial acumen meets strategic investments. Born from a partnership between FS Investments and the private equity titan KKR, the company serves as a critical provider of capital to middle-market companies in the United States. Its operational model centers around making debt and equity investments, which essentially involves providing customized financing solutions that fuel growth, support acquisitions, or facilitate recapitalizations for these businesses that might not have the same ease of access to public capital markets as larger corporations. The expertise shared by FS Investments in credit and KKR’s established prowess in private equity creates a robust platform for identifying and nurturing valuable investment opportunities. FS KKR Capital Corp. generates revenue primarily through interest income and capital gains from its investments. By extending loans—mainly floating-rate debt—to its prospective companies, it taps into a steady revenue stream from interest payments, which acts as the lifeline of its income model. At the same time, the firm strategically positions itself in equity investments, aiming to capitalize on the appreciation potential over the long term. From the careful selection of companies to monitoring and advising on their trajectory, FS KKR Capital takes a hands-on approach to ensure stability and profitability. This dual focus not only underpins its own revenue model but also serves as a catalyst for the growth and vitality of its portfolio companies, reinforcing FS KKR’s significant footprint in the financial ecosystem.

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FSK Intrinsic Value

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

FS KKR Capital Corp
NYSE:FSK

Peer Comparison

Market Distribution

Other Profitability Ratios

FS KKR Capital Corp
Glance View

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FS KKR Capital Corp NYSE:FSK