NASDAQ : MFIC
MidCap Financial Investment Corporation — Financial statements
Financials · Asset Management · United States
Last price 10.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 856.68M
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Financial statements
MidCap Financial Investment Corporation (MFIC) reported revenue of 300.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Other Revenue | 300.98M | 320.88M | 301.78M | 276.52M | 230.35M | 213.16M |
| Revenue | 300.98M | 320.88M | 301.78M | 276.52M | 230.35M | 213.16M |
| Gross Profit | 300.98M | 320.88M | 301.78M | 276.52M | 230.35M | 213.16M |
| Selling, General & Admin | 43.05M | 51.80M | 52.52M | 56.33M | 55.68M | 62.17M |
| Operating Expenses | 43.05M | 51.80M | 52.52M | 56.33M | 55.68M | 62.17M |
| Operating Income | 257.94M | 269.07M | 249.26M | 220.20M | 174.67M | 150.98M |
| Interest Expense | -119.58M | -127.08M | -115.96M | -104.20M | -73.64M | -55.02M |
| Currency Exchange Gain (Loss) | 1.43M | -3.54M | 933.00K | -2.48M | 6.45M | 3.59M |
| EBT Excluding Unusual Items | 139.79M | 138.46M | 134.23M | 113.52M | 107.48M | 99.55M |
| Gain (Loss) on Sale of Investments | -166.03M | -71.88M | -35.41M | 5.24M | -80.30M | -17.19M |
| Other Unusual Items | -3.41M | -3.41M | ||||
| Pretax Income | -29.65M | 63.17M | 98.82M | 118.76M | 27.18M | 82.36M |
| Net Income | -29.65M | 63.17M | 98.82M | 118.76M | 27.18M | 82.36M |
| Net Income to Common | -29.65M | 63.17M | 98.82M | 118.76M | 27.18M | 82.36M |
| Shares Outstanding (Basic) | 89.90M | 93.26M | 77.96M | 65.33M | 64.36M | 64.52M |
| Shares Outstanding (Diluted) | 89.90M | 93.26M | 77.96M | 65.33M | 64.36M | 64.52M |
| EPS (Basic) | -0.33 | 0.68 | 1.27 | 1.82 | 0.42 | 1.28 |
| EPS (Diluted) | -0.33 | 0.68 | 1.27 | 1.82 | 0.42 | 1.28 |
| Dividend Per Share | 1.38 | 1.52 | 1.52 | 1.52 | 1.33 | 1.24 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 85.70% | 83.86% | 82.59% | 79.63% | 75.83% | 70.83% |
| Profit Margin | -9.85% | 19.69% | 32.75% | 42.95% | 11.80% | 38.64% |
| EBIT | 257.94M | 269.07M | 249.26M | 220.20M | 174.67M | 150.98M |
| EBIT Margin | 85.70% | 83.86% | 82.59% | 79.63% | 75.83% | 70.83% |
| Revenue as Reported | 300.98M | 320.88M | 301.78M | 276.52M | 230.35M | 213.16M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.35M | 99.45M | 75.79M | 122.13M | 87.09M | 30.60M |
| Cash & Short-Term Investments | 43.35M | 99.45M | 75.79M | 122.13M | 87.09M | 30.60M |
| Receivables | 23.66M | 30.56M | 77.19M | 25.56M | 25.11M | 28.63M |
| Prepaid Expenses | 1.20M | 2.17M | 5.00K | 1.80M | 719.00K | |
| Other Current Assets | 772.00K | |||||
| Total Current Assets | 68.99M | 132.18M | 152.98M | 147.70M | 113.99M | 59.94M |
| Long-Term Investments | 2.77B | 3.17B | 3.01B | 2.33B | 2.40B | 2.52B |
| Long-Term Deferred Charges | 21.22M | 23.63M | 23.55M | 19.43M | 13.40M | 17.00M |
| Total Assets | 2.86B | 3.32B | 3.19B | 2.50B | 2.53B | 2.60B |
| Accounts Payable | 558.00K | 4.19M | ||||
| Accrued Expenses | 18.05M | 19.13M | 24.46M | 26.88M | 23.35M | 14.14M |
| Current Portion of Long-Term Debt | 124.84M | 123.45M | ||||
| Other Current Liabilities | 24.22M | 22.91M | ||||
| Total Current Liabilities | 142.89M | 143.14M | 28.65M | 26.88M | 47.57M | 37.06M |
| Long-Term Debt | 1.61B | 1.87B | 1.75B | 1.46B | 1.48B | 1.55B |
| Other Long-Term Liabilities | 1.58M | 1.49M | 6.04M | 6.87M | 6.45M | 7.62M |
| Total Liabilities | 1.76B | 2.02B | 1.79B | 1.50B | 1.54B | 1.60B |
| Common Stock | 82.00K | 92.00K | 94.00K | 65.00K | 65.00K | 62.00K |
| Additional Paid-In Capital | 2.55B | 2.65B | 2.66B | 2.10B | 2.11B | 2.08B |
| Retained Earnings | -1.44B | -1.35B | -1.25B | -1.10B | -1.12B | -1.07B |
| Shareholders' Equity | 1.10B | 1.31B | 1.40B | 1.01B | 988.11M | 1.00B |
| Total Liabilities & Equity | 2.86B | 3.32B | 3.19B | 2.50B | 2.53B | 2.60B |
| Total Debt | 1.74B | 2.00B | 1.75B | 1.46B | 1.48B | 1.55B |
| Net Cash (Debt) | -1.70B | -1.90B | -1.68B | -1.34B | -1.40B | -1.52B |
| Net Cash Per Share | -18.87 | -20.33 | -21.50 | -20.51 | -21.70 | -23.56 |
| Filing Date Shares Outstanding | 82.37M | 92.21M | 93.78M | 65.25M | 65.45M | 63.52M |
| Total Common Shares Outstanding | 82.37M | 92.21M | 93.78M | 65.25M | 65.45M | 63.65M |
| Working Capital | -73.90M | -10.96M | 124.33M | 120.82M | 66.42M | 22.89M |
| Book Value Per Share | 13.37 | 14.18 | 14.98 | 15.41 | 15.10 | 15.79 |
| Tangible Book Value | 1.10B | 1.31B | 1.40B | 1.01B | 988.11M | 1.00B |
| Tangible Book Value Per Share | 13.37 | 14.18 | 14.98 | 15.41 | 15.10 | 15.79 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -29.65M | 63.17M | 98.82M | 118.76M | 27.18M | 82.36M |
| Other Amortization | 6.71M | 6.90M | 6.95M | 5.86M | 5.78M | 5.84M |
| Loss (Gain) From Sale of Investments | 154.78M | 65.07M | 26.52M | -12.99M | 71.42M | 7.58M |
| Other Operating Activities | -22.19M | -17.41M | -6.44M | -422.00K | -11.71M | -13.49M |
| Change in Accounts Receivable | 7.75M | -4.31M | 2.77M | -764.00K | -5.07M | -3.71M |
| Change in Other Net Operating Assets | 413.94M | -163.16M | -138.15M | 85.94M | 123.18M | -81.27M |
| Operating Cash Flow | 531.34M | -49.75M | -9.53M | 196.38M | 210.78M | -2.68M |
| Long-Term Debt Issued | 2.12B | 446.12M | 630.60M | 494.69M | ||
| Total Debt Issued | 1.05B | 2.12B | 446.12M | 630.60M | 232.69M | 494.69M |
| Long-Term Debt Repaid | -1.88B | -334.37M | -655.28M | -401.25M | ||
| Total Debt Repaid | -1.35B | -1.88B | -334.37M | -655.28M | -328.62M | -401.25M |
| Net Debt Issued (Repaid) | -309.30M | 239.03M | 111.74M | -24.69M | -95.93M | 93.44M |
| Issuance of Common Stock | 30.00M | |||||
| Repurchase of Common Stock | -120.81M | -18.97M | -2.30M | -2.41M | -21.10M | |
| Common Dividends Paid | -124.13M | -141.59M | -139.62M | -123.48M | -89.72M | -93.34M |
| Other Financing Activities | -5.59M | -5.11M | -8.88M | -10.90M | -333.00K | |
| Financing Cash Flow | -559.84M | 73.37M | -36.76M | -161.36M | -158.06M | -21.33M |
| Foreign Exchange Rate Adjustments | -47.00K | 36.00K | -48.00K | 16.00K | -103.00K | -18.00K |
| Net Cash Flow | -28.54M | 23.66M | -46.34M | 35.04M | 52.62M | -24.03M |
| Levered Free Cash Flow | 95.82M | 131.15M | 40.40M | 59.00M | 57.67M | |
| Unlevered Free Cash Flow | 163.85M | 203.67M | 105.93M | 118.27M | 86.21M | |
| Cash Interest Paid | 117.17M | 120.24M | 110.72M | 97.47M | 63.45M | 47.90M |
| Change in Working Capital | 421.70M | -167.47M | -135.38M | 85.17M | 118.11M | -84.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 847.61M | 1.07B | 1.27B | 892.66M | 746.15M | 841.42M |
| Enterprise Value | 2.54B | 2.92B | 2.95B | 2.28B | 2.19B | 2.39B |
| Last Close Price | 10.29 | 10.42 | 10.90 | 9.79 | 7.23 | 7.66 |
| PE Ratio | 16.90 | 12.80 | 7.52 | 27.45 | 10.22 | |
| Forward PE | 7.57 | 7.95 | 8.37 | 8.04 | 8.11 | 9.58 |
| PS Ratio | 2.82 | 3.33 | 4.19 | 3.23 | 3.24 | 3.95 |
| PB Ratio | 0.77 | 0.82 | 0.90 | 0.89 | 0.76 | 0.84 |
| P/TBV Ratio | 0.77 | 0.82 | 0.90 | 0.89 | 0.76 | 0.84 |
| P/OCF Ratio | 1.60 | 4.55 | 3.54 | |||
| PEG Ratio | 9.12 | 9.12 | 9.12 | 9.12 | 9.12 | |
| EV/Sales Ratio | 8.45 | 9.09 | 9.79 | 8.26 | 9.50 | 11.23 |
| EV/EBIT Ratio | 9.86 | 10.84 | 11.85 | 10.37 | 12.53 | 15.86 |
| Debt / Equity Ratio | 1.58 | 1.53 | 1.25 | 1.46 | 1.50 | 1.54 |
| Net Debt / Equity Ratio | 1.54 | 1.45 | 1.19 | 1.33 | 1.41 | 1.51 |
| Asset Turnover | 0.10 | 0.10 | 0.11 | 0.11 | 0.08 | |
| Quick Ratio | 0.47 | 0.91 | 5.34 | 5.49 | 2.36 | 1.60 |
| Current Ratio | 0.48 | 0.92 | 5.34 | 5.50 | 2.40 | 1.62 |
| Return on Equity (ROE) | -2.39% | 4.66% | 8.20% | 11.92% | 8.07% | |
| Return on Assets (ROA) | 5.10% | 5.16% | 5.47% | 5.48% | 3.67% | |
| Return on Capital Employed (ROCE) | 9.50% | 8.50% | 7.90% | 8.90% | 7.00% | 5.90% |
| Earnings Yield | -3.21% | 5.92% | 7.81% | 13.30% | 3.64% | 9.79% |
| Dividend Yield | 12.05% | 13.13% | 11.27% | 11.11% | 11.70% | 9.38% |
| Payout Ratio | 224.14% | 141.29% | 103.97% | 330.13% | 113.33% | |
| Buyback Yield / Dilution | 2.36% | -19.62% | -19.33% | -1.52% | 0.25% | 1.14% |
| Total Shareholder Return | 14.41% | -6.49% | -8.06% | 9.60% | 11.95% | 10.52% |