Chicago Atlantic Competitors

Stocks . USA . 
Stock . Chicago Atlantic BDC
LIEN Stock   9.01  -0.33  -3.53%   
Within this analytical framework, Chicago Atlantic BDC is evaluated against Triplepoint Venture, SuRo Capital, Barings Participation, Mount Logan, and TON Strategy and other selected peers. Book value growth for Chicago Atlantic versus peers tracks which companies are building long-term equity value.

Correlation: Chicago Atlantic vs GSR IV Snapshot

Very strong inverse diversification
For the present investment horizon, the measured correlation between Chicago Atlantic and GSR IV stands at -0.59, or Very strong inverse diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
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Mean reversion is the tendency of Chicago Atlantic's price to return to its historical average after periods of extreme deviation. Some analysts monitor this tendency by comparing Chicago Atlantic's price extremes to fundamental value.
Sentiment
Range
LowSentimentHigh
7.658.9610.27
Details
Intrinsic
Valuation
LowIntrinsicHigh
8.069.3710.68
Details
Naive
Forecast
LowNextHigh
7.608.9010.21
Details
Analyst
Consensus
LowTargetHigh
10.0111.0012.21
Details
Chicago Atlantic is positioned within its peer group by benchmarking margins, returns, and multiples. This peer-relative view identifies where Chicago Atlantic leads, trails, or tracks its competitive set.

Chicago Atlantic Competition Correlation Matrix

Studying peer correlation around Chicago Atlantic BDC provides a cleaner read on how much independent price behavior still exists across the competitive set. When interpreted alongside fundamentals, correlation analysis separates broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.

High positive correlations

GSRF
+ 0.92
SSSS
NEWT
+ 0.87
TPVG
MLCI
+ 0.81
MPV
MFIN
+ 0.76
MLCI
NEWT
+ 0.71
MFIN
MFIN
+ 0.67
MPV
  

High negative correlations

GSRF
- 0.74
SWKH
MPV
- 0.72
SSSS
SWKH
- 0.71
SSSS
GSRF
- 0.59
MPV
MLCI
- 0.58
SSSS
TONX
- 0.47
SWKH

Risk-Adjusted Indicators

Headline performance for Chicago Atlantic Stock may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

Peer Comparison: Net Income

Net income is what remains after all costs — operating expenses, interest, taxes, and preferred dividends — are deducted from Chicago Atlantic's total revenue. The relationship between net income growth and revenue growth at Chicago Atlantic reveals whether margin expansion is driving earnings or whether top-line growth is being consumed by rising costs and financing charges.
Compare Chicago Atlantic BDC and related stocks such as Triplepoint Venture, SuRo Capital Corp, and Barings Participation Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
Payout RatioCapex To Operating Cash Flow
Pfcf RatioDays Payables Outstanding
Net Current Asset ValueIncome Quality
RoeTangible Asset Value
Ev To Operating Cash FlowPe Ratio
Return On Tangible AssetsEv To Free Cash Flow
Earnings YieldIntangibles To Total Assets
Net Debt To EBITDACurrent Ratio
Tangible Book Value Per ShareReceivables Turnover
Graham NumberShareholders Equity Per Share
Debt To EquityCapex Per Share
Graham Net NetAverage Receivables
Revenue Per ShareInterest Debt Per Share
Debt To AssetsShort Term Coverage Ratios
Price Earnings RatioOperating Cycle
Price Book Value RatioPrice Earnings To Growth Ratio
Days Of Payables OutstandingDividend Payout Ratio
Price To Operating Cash Flows RatioPrice To Free Cash Flows Ratio
Pretax Profit MarginEbt Per Ebit
Operating Profit MarginEffective Tax Rate
Company Equity MultiplierLong Term Debt To Capitalization
Total Debt To CapitalizationReturn On Capital Employed
Debt Equity RatioEbit Per Revenue
Quick RatioDividend Paid And Capex Coverage Ratio
Net Income Per EBTCash Ratio
Cash Conversion CycleOperating Cash Flow Sales Ratio
Days Of Inventory OutstandingDays Of Sales Outstanding
Free Cash Flow Operating Cash Flow RatioCash Flow Coverage Ratios
Price To Book RatioFixed Asset Turnover
Capital Expenditure Coverage RatioPrice Cash Flow Ratio
Enterprise Value MultipleDebt Ratio
Cash Flow To Debt RatioPrice Sales Ratio
Return On AssetsAsset Turnover
Net Profit MarginGross Profit Margin
Price Fair ValueReturn On Equity
20102011201220132014201520162017201820192020202120222023202420252026
SSSS-3.6 M-3.6 M-19.8 M35.4 M-2.1 M8.5 M-75 M17.6 M891.7 K24 M75.3 M147.1 M-132.2 M5.1 M-38.1 M48.8 M51.2 M
MPV20.3 M17.5 M17.5 M13.8 M16.5 M8.6 M11.6 M19.1 M3.6 M17.8 M6.3 M25.4 M7 M18.1 M17.2 M13.2 M14.3 M
SWKH-12.6 M-1.1 M-1.4 M12.9 M20.8 M-7.4 M28.9 M3 M6.2 M23.8 M5.2 M25.9 M13.5 M15.9 M13.5 M-2.5 M-2.7 M
TONX-3.4 M-3.4 M-3.4 M-4.6 M-5.2 M-7 M-4.3 M-7.3 M-12.1 M-15.9 M-25 M-34.5 M-37.4 M-22 M-10.3 M-148.5 M-141.1 M
MFIN3.9 M19.2 M24.5 M25.8 M28.7 M29.4 M23.5 M278 K-25 M-1.8 M-34.8 M54.1 M43.8 M55.1 M35.9 M43 M45.2 M
NEWT5.4 M3.3 M5.6 M7.5 M4 M35.7 M27.3 M39 M35.7 M41.1 M33.6 M84.1 M32.3 M47.3 M50.9 M60.5 M63.5 M
GSRF-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K-10.1 K1.3 M702.9 K

Chicago Atlantic Competitive Analysis

To gauge Chicago Atlantic's financial strength, comparing it with Triplepoint Venture, SuRo Capital, and Barings Participation offers useful context. Chicago Atlantic is valued at 205.6 M and generates 54.3 M in revenue. A 11.01% return on equity and 61.29% net margin underscore Chicago Atlantic's earnings capacity. Triplepoint Venture leads on revenue, 97.2 M to 54.3 M. Net profitability gives SuRo Capital an edge at 10694.80% versus Chicago Atlantic at 61.29%. On equity returns, Chicago Atlantic earns 11.01% compared to 8.04% at Barings Participation.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
LIEN TPVG SSSS MPV SWKH MLCI TONX
 3.53 
9.01
Chicago Atlantic
 3.51 
5.77
Triplepoint
 1.71 
13.22
SuRo Capital
 0.63 
17.27
Barings
 0.00 
15.90
SWK Holdings
 2.46 
3.97
Mount Logan
 12.00 
3.64
TON Strategy
Market Volatility
(90 Days Market Risk)
Low
Slightly Elevated
Very Low
Low
Very Low
Stable
High
Market Performance
(90 Days Performance)
Weak
Mild
Balanced
Weak
Weak
Weak
Balanced
Odds of Financial Distress
(Probability Of Bankruptcy)
Minimal
Low
Very High
Minimal
Critical
Very High
Elevated
Current Valuation
(Equity Enterprise Value)
Below Model Estimate
Above Model Estimate
Below Model Estimate
Above Model Estimate
Below Model Estimate
Above Model Estimate
Above Model Estimate
Buy or Sell Analysis
(Average Analysts Consensus)
Hold
Not Available
Strong Buy
Strong Sell
Buy
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Sell
Cautious Hold
Hold
Not Rated
Strong Sell
Strong Sell
Return On Asset TTM
0.062
0.0536
-0.0224
0.0466
-0.0084
-0.0385
-0.0956
Total Asset TTM
342 B
839.65 M
276.02 T
208.34 M
272.42 M
1.6 B
411.16 M
Net Income TTM
2.5 M
49.21 M
48.81 M
13.23 M
-2.53 M
-60.85 M
-148.39 M
Total Debt TTM
25 B
469.08 M
34.13 T
37.33 M
32.11 M
93.5 M
209 K
Retained Earnings TTM
25.65 K
-161.18 M
-3.97 M
18.2 M
-4.18 B
-120.75 M
-336.73 M
Current Liabilities TTM
N/A
N/A
N/A
N/A
863 K
N/A
N/A
Net Asset
342 B
839.65 M
276.02 T
208.34 M
272.42 M
1.6 B
411.16 M
Current Ratio TTM
N/A
2.78 X
11.89 X
19.07 X
84.90 X
N/A
N/A
Price To Book TTM
0.68 X
0.64 X
0.95 X
1.14 X
0.82 X
0.54 X
0.50 X
Current Valuation
227.68 M
690.85 M
362.18 M
209.3 M
181.67 M
9.16 M
165.92 M
Five Year Return
N/A
11.03 %
N/A
6.90 %
N/A
N/A
N/A
Cash And Equivalents TTM
N/A
43.1 M
39.65 M
5.73 M
57.6 M
N/A
N/A
Number Of Employees
N/A
17
9
N/A
9
21
18
Shares Outstanding
22.82 M
40.6 M
26.07 M
10.77 M
12.1 M
11.19 M
56.53 M
Debt To Equity TTM
N/A
1.23 %
0.33 %
0.14 %
N/A
N/A
N/A
Annual Yield
0.15
0.16
0.0379
0.0857
N/A
0.028
N/A
Current Asset TTM
N/A
N/A
N/A
N/A
71.07 M
N/A
N/A
Trailing Beta
0.23
1.34
1.39
0.44
0.3
0.38
0.42
Return On Equity TTM
0.11
0.14
0.79
0.0804
-0.0097
-0.62
-0.7
Profit Margin TTM
0.61
0.54
106.95
0.75
-0.0674
-1.38
N/A
Number Of Shares Shorted
13.89 K
2.56 M
319.87 K
8.29 K
69.18 K
136.51 K
2.95 M
Price To Sales TTM
3.79 X
2.69 X
179.58 X
10.53 X
5.12 X
1.08 X
16.10 X
Book Value Per Share TTM
13.29 X
8.73 X
14.24 X
15.23 X
19.44 X
7.11 X
7.19 X
Target Price
11.0
5.85
16.35
5.65
18.5
9.57
62.0
Last Dividend Paid
1.36
1.06
N/A
1.48
N/A
0.21
N/A
Shares Owned By Institutions
34.06 %
12.01 %
21.73 %
21.30 %
86.99 %
26.95 %
36.87 %
EBITDA TTM
34.53 M
75.73 M
53.71 M
15.38 M
25.1 M
-34.13 M
-147.41 M
Price To Earnings TTM
N/A
11.20 X
3.71 X
21.15 X
47.92 X
N/A
N/A
Price To Earnings To Growth
N/A
2.76 X
N/A
N/A
N/A
N/A
N/A
Gross Profit TTM
54.3 M
90.36 M
1.92 M
17.66 M
36.03 M
32.15 M
8.88 M
Market Capitalization TTM
205.61 M
242.78 M
344.65 M
186.05 M
192.33 M
47.78 M
205.77 M
Earnings Per Share
1.46 X
1.05 X
6.99 X
1.23 X
-0.21 X
-7.08 X
-5.96 X
Short Ratio TTM
0.17 X
4.18 X
0.78 X
1.90 X
11.14 X
1.61 X
6.72 X
Operating Margin TTM
0.57
0.59
-3.69
0.85
0.19
-1.94
-1.0
Cash Per Share TTM
N/A
1.39 X
1.40 X
0.54 X
4.49 X
N/A
N/A
Working Capital TTM
N/A
N/A
N/A
N/A
41.81 M
-319.55 M
37.77 M
Shares Owned By Insiders
0.45 %
1.56 %
8.14 %
N/A
6.50 %
4.00 %
25.78 %
Revenue TTM
54.3 M
97.21 M
34.89 M
17.1 M
40.76 M
-12.42 M
12.78 M
Cash Flow From Operations TTM
32.12 M
20.07 M
34.32 M
10.68 M
27.29 M
-26.33 M
-20.77 M
Day Typical Price
9.15
5.84
13.29
17.31
15.9
4.04
3.49
Accumulation Distribution
0.0456
0.0384
0.049
0.0115
N/A
0.0619
0.17
Market Facilitation Index
0.43
0.23
0.67
0.2
N/A
0.26
0.62
Daily Balance Of Power
-0.77
-0.91
-0.34
-0.55
0.0
-0.38
0.629
Period Momentum Indicator
-0.33
-0.21
-0.23
-0.11
N/A
-0.10
0.39
Rate Of Daily Change
0.96
0.96
0.98
0.99
1.0
0.98
1.12
Day Median Price
9.23
5.88
13.33
17.33
15.9
4.07
3.42
Price Action Indicator
-0.38
-0.21
-0.22
-0.12
N/A
-0.15
0.42
Coefficient Of Variation
-1,063
3700.58
548.18
-1,209
-871.18
-482.83
591.43
Mean Deviation
0.9805
2.11
2.74
1.06
0.7399
3.21
5.31
Jensen Alpha
-0.14
0.0525
0.6046
-0.14
-0.14
-0.88
1.19
Total Risk Alpha
-0.10
0.1279
0.6956
-0.10
-0.11
-0.79
1.36
Sortino Ratio
N/A
0.0331
0.2362
N/A
N/A
N/A
0.2365
Downside Variance
N/A
6.56
7.22
N/A
N/A
N/A
26.31
Standard Deviation
1.31
2.68
3.41
1.55
1.13
4.26
7.1
Kurtosis
0.6369
0.1164
-0.18
5.96
5.56
0.5713
2.11
Potential Upside
2.06
4.99
6.63
1.92
1.27
6.25
15.38
Treynor Ratio
1.05
-0.14
-1.79
-1.39
-1.01
-1.84
17.38
Maximum Drawdown
6.5
10.75
16.18
10.16
8.5
20.11
25.64
Variance
1.72
7.19
11.64
2.41
1.27
18.13
50.4
Market Risk Adjusted Performance
1.06
-0.13
-1.78
-1.38
-1.00
-1.83
17.39
Risk Adjusted Performance
-0.08
0.0313
0.1745
-0.07
-0.10
-0.18
0.1637
Skewness
-0.32
0.2845
0.3977
-1.11
-0.71
-0.39
1.17
Semi Deviation
N/A
2.43
2.4
N/A
N/A
N/A
4.32
Information Ratio
-0.08
0.0316
0.186
-0.07
-0.10
-0.20
0.1708
Value At Risk
-2.23
-3.90
-3.79
-2.59
-1.83
-8.97
-8.39
Expected Short fall
N/A
-2.32
-3.33
N/A
N/A
N/A
-6.25
Downside Deviation
N/A
2.56
2.69
N/A
N/A
N/A
5.13
Semi Variance
N/A
5.91
5.76
N/A
N/A
N/A
18.65

Chicago Atlantic Competition Peer Performance Charts

How to Analyze Chicago Atlantic Against Peers

Chicago Atlantic's peer analysis compares Chicago Atlantic with related companies to put valuation, quality, and risk metrics in context. This establishes whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:
  • Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
  • Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
  • Check valuation dispersion: Review whether Chicago Atlantic trades at a premium or discount versus peers and why.
  • Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
  • Document the thesis: Record where Chicago Atlantic leads or lags and what catalysts could close or widen the gap.
Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Chicago Atlantic's return on invested capital tops the peer average, meaning each dollar of capital is working harder here. Price-to-book spreads across Chicago Atlantic's competitors highlight which firms the market values most for their asset base. Comparing micro-cap peers across Asset Management & Custody Banks, Financial Services separates structural strengths from temporary momentum. For peer comparison, Chicago Atlantic has a market cap of 205.61 million, profit margin of 61.29%.

Chicago Atlantic BDC metrics are compiled from periodic company reporting and market reference feeds and normalized before display.

Editorial review and methodology oversight provided by: Rifka Kats, Member of Macroaxis Editorial Board
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