Saratoga Investment Corp.
SARFinancial ServicesNASDAQAsset Management · Last scanned May 30, 2026
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Daily timeframePart of the financial services sector, Saratoga Investment Corp. (SAR) is listed under Asset Management. The $366.2M market capitalization puts SAR squarely in small-cap range for its industry. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
Market Cap
$366.2M
Beta
0.61
P/E (TTM)
9.74
P/E (Fwd)
10.69
EPS (TTM)
$2.31
EPS (Fwd)
$2.11
ROE
9.3%
ROA
4.7%
Cash
$1.7M
Total Debt
$725.7M
Free CF
$66.1M
52W Change
-8.3%
Annual Financials
Cash vs Debt
Saratoga Investment Corp. carries $725.7M in total debt against $1.7M in cash reserves — debt is roughly 431.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $66.1M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 9.3% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $36.4M (2023) to $49.9M (2026), reflecting a 37% increase over the period.
SAR's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Saratoga Investment Corp. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Saratoga Investment Corp. and its sector.