Which has the lower trailing P/E, CGBD or IBCP?

IBCP has the lower trailing P/E: CGBD trades at 20.88 and IBCP at 10.48. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CGBD or IBCP?

Over the past five years, IBCP grew revenue faster — CGBD at a 4.70% CAGR versus IBCP at 7.43%.

Does CGBD or IBCP pay a bigger dividend?

CGBD yields 14.68% and IBCP yields 3.06% based on trailing dividends and the latest price.

Is CGBD or IBCP more profitable?

IBCP runs the higher net margin — CGBD at 15.53% versus IBCP at 22.71%.

How have CGBD and IBCP total returns compared?

Over the past 5 years, CGBD delivered 7.44% and IBCP delivered 14.52% annualized total return. Past performance doesn't predict future results.

Carlyle Secured Lending, Inc. (CGBD) vs Independent Bank Corporation (IBCP)

A side-by-side comparison of Carlyle Secured Lending, Inc. and Independent Bank Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

CGBD

Carlyle Secured Lending, Inc.

$740M

$10.64Financial ServicesDelayed quote: Oct 6, 2026, 11:49 AM EDT

IBCP

Independent Bank Corporation

$743M

$36.05Financial ServicesDelayed quote: Oct 6, 2026, 11:50 AM EDT

Total return — CGBD vs IBCP

growth of $100 · dividends reinvested · last 9y

CGBD +85.9% (+7.1%/yr)IBCP +143.6% (+10.4%/yr)IBCP compounded faster over this window

CGBD IBCP

CGBD vs IBCP: by the numbers

•IBCP is the larger company ($743M vs $740M market cap).
•IBCP trades at the lower trailing earnings multiple (10.48 vs 20.88 P/E), one valuation lens rather than an overall verdict.
•IBCP converts more revenue to profit (22.71% vs 15.53% net margin).
•IBCP grew revenue faster over the past five years (7.43% vs 4.70% CAGR).
•CGBD pays the higher dividend yield (14.68% vs 3.06%).

Metrics side by side

Valuation

Metric	CGBD	IBCP
P/E ratio	20.88	10.48
Forward P/E	7.56	10.11
PEG ratio	0.32	1.99
P/S ratio	3.10	2.35
P/B ratio	0.69	1.41

Profitability

Metric	CGBD	IBCP
Gross margin	70.90%	N/A
Operating margin	86.18%	26.72%
Net margin	15.53%	22.71%
ROE	3.43%	13.58%

Independent Bank Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	CGBD	IBCP
Dividend yield	14.68%	3.06%
Payout ratio	304.10%	31.98%

Growth (annualized)

Metric	CGBD	IBCP
Revenue CAGR (5Y)	4.70%	7.43%
EPS CAGR (5Y)	66.10%	5.21%
Total return CAGR (5Y)	7.44%	14.52%

Frequently asked

Which has the lower trailing P/E, CGBD or IBCP?: IBCP has the lower trailing P/E: CGBD trades at 20.88 and IBCP at 10.48. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CGBD or IBCP?: Over the past five years, IBCP grew revenue faster — CGBD at a 4.70% CAGR versus IBCP at 7.43%.
Does CGBD or IBCP pay a bigger dividend?: CGBD yields 14.68% and IBCP yields 3.06% based on trailing dividends and the latest price.
Is CGBD or IBCP more profitable?: IBCP runs the higher net margin — CGBD at 15.53% versus IBCP at 22.71%.
How have CGBD and IBCP total returns compared?: Over the past 5 years, CGBD delivered 7.44% and IBCP delivered 14.52% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CGBD analysis Full IBCP analysis Interactive comparison tool

Dig into the metrics

Carlyle Secured Lending P/E ratio Independent Bank P/E ratio Carlyle Secured Lending dividend yield Independent Bank dividend yield Carlyle Secured Lending ROE Independent Bank ROE Carlyle Secured Lending operating margin Independent Bank operating margin Carlyle Secured Lending revenue growth Independent Bank revenue growth

Carlyle Secured Lending & Independent Bank appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.