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FS KKR Capital ( (FSK) ) just unveiled an announcement.
FS KKR Capital reported fourth-quarter 2025 results on February 25, 2026, showing net investment income of $0.48 per share, down from $0.57 in the prior quarter, and a decline in net asset value to $20.89 per share from $21.99 at September 30, 2025, driven by $0.89 per share in net realized and unrealized losses. For full-year 2025, net investment income fell to $2.34 per share from $2.90 in 2024, while total net realized and unrealized losses widened to $2.30 per share, reflecting challenges in a few investments that also pushed non-accruals to 3.4% of the portfolio at fair value and contributed to a net debt-to-equity ratio of 122%.
Despite weaker earnings and portfolio marks, the board on February 19, 2026 declared a first-quarter 2026 cash distribution of $0.48 per share, following total 2025 cash distributions of $2.80 per share, signaling an ongoing commitment to shareholder payouts. As of December 31, 2025, FSK maintained $208 million in cash and $3.3 billion of available financing capacity, with 62% of its $7.6 billion of debt unsecured, while management emphasized efforts in 2026 to stabilize underperforming holdings and continue shifting toward high-quality, first-lien senior secured originations to diversify and strengthen the portfolio.
The most recent analyst rating on (FSK) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on FS KKR Capital stock, see the FSK Stock Forecast page.
Spark’s Take on FSK Stock
According to Spark, TipRanks’ AI Analyst, FSK is a Neutral.
The score is primarily driven by solid cash generation and profitability, offset by leveraged balance sheet risk and volatile earnings. Valuation is supported by a very high dividend yield and a moderate P/E, but technicals are weak (below key moving averages with negative MACD), and the latest earnings call was mixed due to declining investment income and credit/macro concerns despite supportive dividend guidance and improving nonaccruals.
To see Spark’s full report on FSK stock, click here.
More about FS KKR Capital
FS KKR Capital Corp. (FSK) is a publicly traded business development company listed on the NYSE that provides debt and income-oriented capital solutions to middle-market companies. Its $13.0 billion investment portfolio is primarily focused on first-lien and other senior secured loans, with additional exposure to asset-based finance, a credit opportunities joint venture and selective equity positions, largely in variable-rate instruments.
Average Trading Volume: 2,722,042
Technical Sentiment Signal: Sell
Current Market Cap: $3.67B
See more insights into FSK stock on TipRanks’ Stock Analysis page.