Traders should monitor FSK's portfolio quality metrics and management's progress in stabilizing challenged investments. The maintained distribution may provide short-term support, but continued pressure on net investment income and asset values could lead to distribution cuts if performance doesn't improve.
Price Chart
Executive Summary
FS KKR Capital Corp (FSK) reported declining financial performance for Q4 and full year 2025, with net investment income per share falling from $2.90 in 2024 to $2.34 in 2025 and a significant $2.30 per share net realized and unrealized loss. Despite these challenges, the company maintained its distribution at $0.48 per share for Q1 2026, signaling continued capital return to shareholders while management focuses on stabilizing underperforming investments.
Key Financial Metrics
Key Facts
- Net investment income per share declined from $2.90 in 2024 to $2.34 in 2025
- Company reported $2.30 per share total net realized and unrealized loss for 2025, compared to $0.81 per share loss in 2024
- Net asset value decreased from $23.64 per share at year-end 2024 to $20.89 per share at year-end 2025
- Management cited 'specific challenges associated with a few investments' impacting results in Q2 and Q4 2025
- Company maintained quarterly distribution of $0.48 per share despite declining performance
Financial Impact
Net investment income decreased by $0.56 per share year-over-year, with total net realized and unrealized losses increasing by $1.49 per share
Risk Factors
- Continued decline in net investment income could pressure future distributions
- Further deterioration in portfolio quality could lead to additional losses
- Increasing leverage (net debt to equity ratio rose to 122%) increases financial risk
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-019719 |
| Document: tm267104d1_ex99-1.htm | 0001104659-26-019719 |
| Document: 0001104659-26-019719-index-headers.html | 0001104659-26-019719 |
| Document: 0001104659-26-019719-index.html | 0001104659-26-019719 |
| Document: 0001104659-26-019719.txt | 0001104659-26-019719 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 29, 2026 13w ago | 8-K | $10.50 $11.17 | ▲ +6.38% | ▲ +3.56% | $11.11 (+5.81%) |
Jun 23, 2026 14w ago | DEFA14A | $10.04 $11.74 | ▲ +16.93% | ▲ +14.09% | $11.11 (+10.66%) |
Jun 8, 2026 16w ago | 8-K | $10.87 $12.25 | ▲ +12.70% | ▲ +8.88% | $11.11 (+2.21%) |
Jun 2, 2026 17w ago | 8-K | $10.80 $12.23 | ▼ −13.24% | ▼ −10.74% | $11.11 (−2.87%) |
Jun 2, 2026 17w ago | 8-K | $10.90 $12.16 | ▲ +11.56% | ▲ +10.44% | $11.11 (+1.93%) |
May 18, 2026 19w ago | 8-K | $10.59 $12.64 | ▲ +19.36% | ▲ +13.07% | $11.11 (+4.91%) |
May 12, 2026 20w ago | 8-K | $10.72 $12.44 | ▲ +16.04% | ▲ +11.61% | $11.11 (+3.64%) |
May 11, 2026 20w ago | 8-K | $10.76 $11.04 | ▼ −2.60% | ▲ +1.79% | $11.11 (−3.25%) |
May 5, 2026 21w ago | DEFA14A | $11.50 $10.56 | ▼ −8.17% | ▼ −10.91% | $11.11 (−3.39%) |
Apr 30, 2026 22w ago | DEFA14A | $11.55 $10.99 | ▼ −4.85% | ▼ −7.92% | $11.11 (−3.81%) |
US Market Status
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