NASDAQ : NMFC
New Mountain Finance Corporation — Financial statements
Financials · Asset Management · United States
Last price 7.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 664.94M
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Financial statements
New Mountain Finance Corporation (NMFC) reported revenue of 288.20M 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 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 288.20M | 327.08M | 371.67M | 374.84M | 294.63M | 270.96M |
| Revenue | 288.20M | 327.08M | 371.67M | 374.84M | 294.63M | 270.96M |
| Gross Profit | 288.20M | 327.08M | 371.67M | 374.84M | 294.63M | 270.96M |
| Selling, General & Admin | 54.58M | 66.99M | 88.81M | 89.74M | 81.78M | 78.90M |
| Operating Expenses | 54.58M | 66.99M | 88.81M | 89.74M | 81.78M | 78.90M |
| Operating Income | 233.62M | 260.10M | 282.86M | 285.10M | 212.85M | 192.06M |
| Interest Expense | -106.46M | -117.84M | -132.44M | -122.86M | -90.91M | -70.91M |
| Currency Exchange Gain (Loss) | -228.00K | 480.00K | -186.00K | 113.00K | -288.00K | -66.00K |
| Other Non Operating Income (Expenses) | -4.72M | -5.88M | -4.20M | -1.92M | -1.51M | -2.19M |
| EBT Excluding Unusual Items | 122.21M | 136.86M | 146.04M | 160.43M | 120.14M | 118.89M |
| Gain (Loss) on Sale of Investments | -169.81M | -119.86M | -31.27M | -23.92M | -44.79M | 88.41M |
| Pretax Income | -47.60M | 16.99M | 114.77M | 136.51M | 75.35M | 207.30M |
| Income Tax Expense | 55.00K | 21.00K | 262.00K | 418.00K | 825.00K | 118.00K |
| Earnings From Continuing Operations | -47.66M | 16.97M | 114.50M | 136.09M | 74.53M | 207.18M |
| Minority Interest in Earnings | -715.00K | -485.00K | -1.06M | -747.00K | 204.00K | -5.78M |
| Net Income | -48.37M | 16.49M | 113.44M | 135.34M | 74.73M | 201.40M |
| Net Income to Common | -48.37M | 16.49M | 113.44M | 135.34M | 74.73M | 201.40M |
| Shares Outstanding (Basic) | 101.00M | 106.15M | 106.57M | 101.12M | 100.20M | 96.95M |
| Shares Outstanding (Diluted) | 101.00M | 106.15M | 125.46M | 123.49M | 115.43M | 110.21M |
| EPS (Basic) | -0.48 | 0.16 | 1.06 | 1.34 | 0.75 | 2.08 |
| EPS (Diluted) | -0.48 | 0.16 | 1.03 | 1.24 | 0.74 | 1.91 |
| Dividend Per Share | 1.21 | 1.28 | 1.28 | 1.28 | 1.22 | 1.20 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 81.06% | 79.52% | 76.11% | 76.06% | 72.24% | 70.88% |
| Profit Margin | -16.78% | 5.04% | 30.52% | 36.11% | 25.36% | 74.33% |
| EBIT | 233.62M | 260.10M | 282.86M | 285.10M | 212.85M | 192.06M |
| EBIT Margin | 81.06% | 79.52% | 76.11% | 76.06% | 72.24% | 70.88% |
| Effective Tax Rate | 0.12% | 0.23% | 0.31% | 1.09% | 0.06% | |
| Revenue as Reported | 288.20M | 327.08M | 371.67M | 374.84M | 294.63M | 270.96M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 64.80M | 80.72M | 80.32M | 70.09M | 71.19M | 58.08M |
| Cash & Short-Term Investments | 64.80M | 80.72M | 80.32M | 70.09M | 71.19M | 58.08M |
| Accounts Receivable | 33.78M | 43.07M | 42.59M | 44.19M | 36.15M | 30.87M |
| Receivables | 39.48M | 56.57M | 56.09M | 60.69M | 52.69M | 52.29M |
| Other Current Assets | 34.00K | 5.65M | ||||
| Total Current Assets | 104.31M | 142.93M | 136.41M | 130.78M | 123.88M | 110.37M |
| Long-Term Investments | 2.29B | 2.74B | 3.09B | 3.01B | 3.22B | 3.17B |
| Long-Term Deferred Tax Assets | 594.00K | |||||
| Other Long-Term Assets | 21.33M | 17.91M | 19.27M | 16.52M | 9.80M | 11.08M |
| Total Assets | 2.42B | 2.90B | 3.25B | 3.16B | 3.35B | 3.30B |
| Accounts Payable | 313.00K | 463.00K | 7.91M | |||
| Accrued Expenses | 26.62M | 38.72M | 39.43M | 39.11M | 36.52M | 35.60M |
| Current Portion of Long-Term Debt | 35.07M | 218.27M | 7.42M | |||
| Total Current Liabilities | 62.00M | 257.44M | 46.85M | 39.11M | 36.52M | 43.51M |
| Long-Term Debt | 1.31B | 1.45B | 1.84B | 1.79B | 1.98B | 1.91B |
| Long-Term Deferred Tax Liabilities | 1.67M | 1.82M | 1.41M | 8.49M | 13.00K | |
| Other Long-Term Liabilities | 2.68M | 2.18M | 2.44M | 2.93M | 3.06M | 2.49M |
| Total Liabilities | 1.38B | 1.71B | 1.89B | 1.83B | 2.03B | 1.95B |
| Common Stock | 1.08M | 1.08M | 1.08M | 1.03M | 1.01M | 979.00K |
| Additional Paid-In Capital | 1.35B | 1.35B | 1.37B | 1.33B | 1.31B | 1.27B |
| Retained Earnings | -210.11M | -121.68M | -13.59M | -12.34M | 7.52M | 47.47M |
| Treasury Stock | -117.52M | -51.95M | ||||
| Total Common Equity | 1.03B | 1.18B | 1.35B | 1.32B | 1.31B | 1.32B |
| Minority Interest | 6.63M | 6.08M | 5.95M | 11.77M | 11.72M | 21.37M |
| Shareholders' Equity | 1.03B | 1.19B | 1.36B | 1.33B | 1.33B | 1.34B |
| Total Liabilities & Equity | 2.42B | 2.90B | 3.25B | 3.16B | 3.35B | 3.30B |
| Total Debt | 1.35B | 1.67B | 1.84B | 1.79B | 1.98B | 1.91B |
| Net Cash (Debt) | -1.28B | -1.59B | -1.76B | -1.72B | -1.91B | -1.85B |
| Net Cash Per Share | -12.72 | -14.99 | -14.06 | -13.89 | -16.54 | -16.78 |
| Filing Date Shares Outstanding | 94.45M | 100.81M | 107.85M | 102.88M | 100.94M | 98.35M |
| Total Common Shares Outstanding | 94.45M | 102.64M | 107.85M | 102.56M | 100.94M | 97.91M |
| Working Capital | 42.31M | -114.51M | 89.56M | 91.67M | 87.36M | 66.86M |
| Book Value Per Share | 10.89 | 11.52 | 12.55 | 12.87 | 13.02 | 13.49 |
| Tangible Book Value | 1.03B | 1.18B | 1.35B | 1.32B | 1.31B | 1.32B |
| Tangible Book Value Per Share | 10.89 | 11.52 | 12.55 | 12.87 | 13.02 | 13.49 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -48.37M | 16.49M | 113.44M | 135.34M | 74.73M | 201.40M |
| Other Amortization | 10.59M | 10.07M | 10.53M | 6.78M | 6.84M | 7.39M |
| Loss (Gain) From Sale of Investments | 169.59M | 119.46M | 29.16M | 22.58M | 36.31M | -88.52M |
| Other Operating Activities | -65.41M | -70.48M | -76.19M | -67.32M | -45.71M | -53.20M |
| Change in Accounts Receivable | 13.97M | -289.00K | 1.79M | -7.91M | -5.26M | 6.56M |
| Change in Accounts Payable | -29.25M | 463.00K | -7.91M | -18.93M | ||
| Change in Other Net Operating Assets | 609.22M | 302.87M | -38.74M | 252.33M | -32.47M | -76.87M |
| Operating Cash Flow | 660.55M | 378.98M | 42.00M | 332.73M | 35.01M | -22.06M |
| Long-Term Debt Issued | 721.50M | 1.32B | 737.71M | 879.00M | 915.73M | |
| Long-Term Debt Repaid | -909.60M | -1.26B | -929.10M | -805.34M | -802.88M | |
| Net Debt Issued (Repaid) | -419.94M | -188.10M | 61.17M | -191.40M | 73.66M | 112.86M |
| Issuance of Common Stock | 67.69M | 21.24M | 40.01M | 12.43M | ||
| Repurchase of Common Stock | -107.87M | -51.95M | ||||
| Common Dividends Paid | -121.45M | -135.70M | -147.19M | -150.74M | -121.29M | -114.22M |
| Other Financing Activities | -3.76M | -2.99M | -13.03M | -12.99M | -13.88M | -9.86M |
| Financing Cash Flow | -653.02M | -378.74M | -31.36M | -333.88M | -21.50M | 1.20M |
| Foreign Exchange Rate Adjustments | -121.00K | 153.00K | -409.00K | 55.00K | -391.00K | -32.00K |
| Net Cash Flow | 7.41M | 398.00K | 10.23M | -1.10M | 13.11M | -20.89M |
| Levered Free Cash Flow | 70.50M | 92.60M | 109.46M | 102.77M | 75.66M | 72.35M |
| Unlevered Free Cash Flow | 126.44M | 156.19M | 181.70M | 172.78M | 125.64M | 109.28M |
| Cash Interest Paid | 105.05M | 114.93M | 127.31M | 115.52M | 81.83M | 61.70M |
| Cash Income Tax Paid | 46.00K | -301.00K | 152.00K | 11.58M | 901.00K | 65.00K |
| Change in Working Capital | 594.15M | 303.45M | -34.94M | 235.34M | -37.16M | -89.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 669.67M | 950.07M | 1.21B | 1.29B | 1.25B | 1.33B |
| Enterprise Value | 1.95B | 2.66B | 3.15B | 3.11B | 3.18B | 3.07B |
| Last Close Price | 7.03 | 8.25 | 8.89 | 8.97 | 7.75 | 7.79 |
| PE Ratio | 57.62 | 10.71 | 9.53 | 16.71 | 6.59 | |
| Forward PE | 6.78 | 7.25 | 8.58 | 8.26 | 8.96 | 11.48 |
| PS Ratio | 2.32 | 2.90 | 3.27 | 3.44 | 4.24 | 4.90 |
| PB Ratio | 0.65 | 0.80 | 0.89 | 0.97 | 0.94 | 0.99 |
| P/TBV Ratio | 0.65 | 0.80 | 0.90 | 0.98 | 0.95 | 1.00 |
| P/OCF Ratio | 1.01 | 2.51 | 28.91 | 3.88 | 35.67 | |
| PEG Ratio | 11.09 | 11.09 | 11.09 | 11.09 | 11.09 | |
| EV/Sales Ratio | 6.78 | 8.13 | 8.48 | 8.29 | 10.79 | 11.34 |
| EV/EBIT Ratio | 8.36 | 10.22 | 11.14 | 10.90 | 14.93 | 16.00 |
| Debt / Equity Ratio | 1.30 | 1.41 | 1.36 | 1.34 | 1.49 | 1.42 |
| Net Debt / Equity Ratio | 1.24 | 1.34 | 1.30 | 1.29 | 1.44 | 1.38 |
| Asset Turnover | 0.10 | 0.11 | 0.12 | 0.12 | 0.09 | 0.09 |
| Quick Ratio | 1.59 | 0.48 | 2.62 | 2.92 | 2.94 | 2.04 |
| Current Ratio | 1.68 | 0.56 | 2.91 | 3.34 | 3.39 | 2.54 |
| Return on Equity (ROE) | -4.06% | 1.33% | 8.51% | 10.24% | 5.58% | 16.06% |
| Return on Assets (ROA) | 5.24% | 5.29% | 5.52% | 5.47% | 4.00% | 3.75% |
| Return on Invested Capital (ROIC) | 10.05% | 8.80% | 9.15% | 9.05% | 6.55% | 6.25% |
| Return on Capital Employed (ROCE) | 9.90% | 9.80% | 8.80% | 9.10% | 6.40% | 5.90% |
| Earnings Yield | -6.76% | 1.74% | 9.34% | 10.49% | 5.99% | 15.17% |
| Dividend Yield | 14.22% | 13.83% | 11.37% | 10.17% | 9.86% | 8.85% |
| Payout Ratio | 823.00% | 129.75% | 111.37% | 162.30% | 56.72% | |
| Buyback Yield / Dilution | 13.91% | 15.39% | -1.60% | -6.98% | -4.73% | -13.82% |
| Total Shareholder Return | 28.13% | 29.22% | 9.77% | 3.19% | 5.13% | -4.97% |