NYSE : MAIN
Main Street Capital Corporation — Financial statements
Financials · Asset Management · United States
Last price 55.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.17B
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Financial statements
Main Street Capital Corporation (MAIN) reported revenue of 575.05M 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 | 575.05M | 566.39M | 541.03M | 500.38M | 376.86M | 289.05M |
| Revenue | 575.05M | 566.39M | 541.03M | 500.38M | 376.86M | 289.05M |
| Gross Profit | 575.05M | 566.39M | 541.03M | 500.38M | 376.86M | 289.05M |
| Selling, General & Admin | 52.73M | 50.21M | 43.74M | 42.27M | 39.63M | 36.66M |
| Operating Expenses | 74.82M | 71.65M | 62.54M | 58.79M | 53.26M | 47.55M |
| Operating Income | 500.23M | 494.74M | 478.49M | 441.59M | 323.60M | 241.50M |
| Interest Expense | -134.99M | -128.00M | -123.43M | -102.58M | -78.28M | -58.84M |
| EBT Excluding Unusual Items | 365.24M | 366.74M | 355.06M | 339.02M | 245.33M | 182.66M |
| Gain (Loss) on Sale of Investments | 118.77M | 153.46M | 183.65M | 112.07M | 19.60M | 180.96M |
| Pretax Income | 484.00M | 520.20M | 538.71M | 451.09M | 264.93M | 363.62M |
| Income Tax Expense | 32.66M | 26.80M | 30.63M | 22.64M | 23.32M | 32.86M |
| Net Income | 451.34M | 493.40M | 508.08M | 428.45M | 241.61M | 330.76M |
| Net Income to Common | 451.34M | 493.40M | 508.08M | 428.45M | 241.61M | 330.76M |
| Shares Outstanding (Basic) | 90.85M | 89.36M | 86.81M | 81.92M | 74.48M | 68.96M |
| Shares Outstanding (Diluted) | 90.85M | 89.36M | 86.81M | 81.92M | 74.48M | 68.96M |
| EPS (Basic) | 4.97 | 5.52 | 5.85 | 5.23 | 3.24 | 4.80 |
| EPS (Diluted) | 4.97 | 5.52 | 5.85 | 5.23 | 3.24 | 4.80 |
| Dividend Per Share | 3.09 | 3.03 | 2.91 | 2.75 | 2.60 | 2.48 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 86.99% | 87.35% | 88.44% | 88.25% | 85.87% | 83.55% |
| Profit Margin | 78.49% | 87.11% | 93.91% | 85.62% | 64.11% | 114.43% |
| EBIT | 500.23M | 494.74M | 478.49M | 441.59M | 323.60M | 241.50M |
| EBIT Margin | 86.99% | 87.35% | 88.44% | 88.25% | 85.87% | 83.55% |
| Effective Tax Rate | 6.75% | 5.15% | 5.69% | 5.02% | 8.80% | 9.04% |
| Revenue as Reported | 575.05M | 566.39M | 541.03M | 500.38M | 376.86M | 289.05M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 58.31M | 41.96M | 78.25M | 60.08M | 49.12M | 32.63M |
| Cash & Short-Term Investments | 58.31M | 41.96M | 78.25M | 60.08M | 49.12M | 32.63M |
| Receivables | 51.54M | 107.91M | 98.08M | 89.34M | 83.11M | 91.61M |
| Total Current Assets | 179.99M | 149.86M | 176.34M | 149.42M | 132.23M | 124.24M |
| Long-Term Investments | 5.75B | 5.52B | 4.93B | 4.29B | 4.10B | 3.56B |
| Long-Term Deferred Charges | 15.00M | 13.72M | 12.34M | 7.88M | 7.47M | 4.22M |
| Total Assets | 5.94B | 5.68B | 5.12B | 4.44B | 4.24B | 3.69B |
| Accounts Payable | 44.64M | 56.92M | 69.63M | 62.58M | 52.09M | 45.58M |
| Accrued Expenses | 36.71M | 30.09M | 23.29M | 17.02M | 16.58M | 14.93M |
| Current Portion of Long-Term Debt | 200.44M | |||||
| Current Portion of Leases | 623.00K | 1.20M | ||||
| Other Current Liabilities | 24.74M | 23.36M | 22.10M | 20.37M | 17.68M | 15.16M |
| Total Current Liabilities | 106.71M | 111.57M | 115.02M | 99.97M | 86.35M | 276.11M |
| Long-Term Debt | 2.53B | 2.46B | 2.12B | 1.80B | 2.00B | 1.60B |
| Long-Term Leases | 9.68M | 9.68M | ||||
| Long-Term Deferred Tax Liabilities | 124.26M | 108.96M | 86.11M | 63.86M | 47.85M | 29.72M |
| Total Liabilities | 2.77B | 2.69B | 2.32B | 1.97B | 2.13B | 1.90B |
| Common Stock | 934.00K | 898.00K | 884.00K | 848.00K | 784.00K | 707.00K |
| Additional Paid-In Capital | 2.63B | 2.46B | 2.39B | 2.27B | 2.03B | 1.74B |
| Retained Earnings | 531.67M | 535.34M | 402.46M | 206.00M | 77.27M | 51.79M |
| Shareholders' Equity | 3.17B | 2.99B | 2.80B | 2.48B | 2.11B | 1.79B |
| Total Liabilities & Equity | 5.94B | 5.68B | 5.12B | 4.44B | 4.24B | 3.69B |
| Total Debt | 2.54B | 2.47B | 2.12B | 1.80B | 2.00B | 1.80B |
| Net Cash (Debt) | -2.49B | -2.43B | -2.04B | -1.74B | -1.95B | -1.76B |
| Net Cash Per Share | -27.36 | -27.15 | -23.55 | -21.27 | -26.18 | -25.57 |
| Filing Date Shares Outstanding | 93.51M | 90.10M | 88.56M | 84.98M | 79.55M | 71.69M |
| Total Common Shares Outstanding | 93.35M | 89.83M | 88.40M | 84.83M | 78.46M | 70.70M |
| Working Capital | 73.28M | 38.29M | 61.31M | 49.45M | 45.88M | -151.87M |
| Book Value Per Share | 33.92 | 33.33 | 31.65 | 29.20 | 26.87 | 25.30 |
| Tangible Book Value | 3.17B | 2.99B | 2.80B | 2.48B | 2.11B | 1.79B |
| Tangible Book Value Per Share | 33.92 | 33.33 | 31.65 | 29.20 | 26.87 | 25.30 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 451.34M | 493.40M | 508.08M | 428.45M | 241.61M | 330.76M |
| Other Amortization | 6.44M | 6.51M | 5.16M | 3.33M | 2.86M | 3.00M |
| Loss (Gain) From Sale of Investments | -118.77M | -153.46M | -183.65M | -112.07M | -19.60M | -180.96M |
| Stock-Based Compensation | 22.09M | 21.44M | 18.79M | 16.52M | 13.63M | 10.89M |
| Other Operating Activities | -511.03M | -410.86M | -443.97M | -56.68M | -474.98M | -707.08M |
| Change in Accounts Receivable | -27.64M | -15.42M | -11.18M | -8.53M | -28.19M | -5.50M |
| Change in Accounts Payable | 5.26M | -1.45M | 8.31M | 10.06M | 12.25M | 20.29M |
| Change in Other Net Operating Assets | 22.49M | 14.12M | 11.35M | 4.24M | 5.48M | 13.24M |
| Operating Cash Flow | -149.81M | -45.70M | -87.12M | 285.32M | -246.94M | -515.37M |
| Long-Term Debt Issued | 1.75B | 2.73B | 526.00M | 1.13B | 1.68B | |
| Long-Term Debt Repaid | -1.42B | -2.41B | -723.00M | -930.00M | -1.09B | |
| Net Debt Issued (Repaid) | 314.00M | 334.00M | 324.00M | -197.00M | 202.00M | 591.20M |
| Issuance of Common Stock | 168.80M | 31.68M | 122.64M | 203.68M | 265.62M | 98.89M |
| Repurchase of Common Stock | -9.27M | -10.31M | -7.33M | -5.95M | -4.94M | -5.30M |
| Common Dividends Paid | -250.46M | -243.03M | -226.87M | -201.77M | -194.17M | -154.30M |
| Other Financing Activities | -3.37M | -6.67M | -13.59M | -3.49M | -5.08M | -8.17M |
| Financing Cash Flow | 121.13M | 9.41M | 105.29M | -274.36M | 263.43M | 516.08M |
| Net Cash Flow | -28.68M | -36.29M | 18.17M | 10.96M | 16.49M | 710.00K |
| Levered Free Cash Flow | 248.26M | 242.69M | 252.17M | 239.13M | 189.01M | 118.48M |
| Unlevered Free Cash Flow | 326.19M | 316.18M | 324.15M | 299.91M | 235.06M | 152.26M |
| Cash Interest Paid | 115.46M | 114.55M | 113.49M | 98.66M | 73.64M | 50.73M |
| Cash Income Tax Paid | 12.41M | 20.62M | 8.26M | 8.44M | 6.60M | 2.23M |
| Change in Working Capital | 111.00K | -2.74M | 8.47M | 5.78M | -10.45M | 28.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.17B | 5.41B | 5.17B | 3.62B | 2.85B | 3.12B |
| Enterprise Value | 7.65B | 7.54B | 7.29B | 5.49B | 4.84B | 4.54B |
| Last Close Price | 55.26 | 56.68 | 51.18 | 34.74 | 27.10 | 30.57 |
| PE Ratio | 11.12 | 10.96 | 10.17 | 8.45 | 11.81 | 9.44 |
| Forward PE | 14.61 | 15.38 | 14.54 | 10.97 | 10.29 | 17.30 |
| PS Ratio | 8.99 | 9.55 | 9.55 | 7.24 | 7.58 | 10.80 |
| PB Ratio | 1.63 | 1.81 | 1.85 | 1.46 | 1.35 | 1.75 |
| P/TBV Ratio | 1.63 | 1.81 | 1.85 | 1.46 | 1.35 | 1.75 |
| P/OCF Ratio | 12.69 | |||||
| PEG Ratio | 1.92 | 1.92 | 1.92 | 1.92 | 2.16 | |
| EV/Sales Ratio | 13.31 | 13.31 | 13.48 | 10.97 | 12.83 | 15.71 |
| EV/EBIT Ratio | 15.30 | 15.24 | 15.24 | 12.43 | 14.94 | 18.80 |
| Debt / Equity Ratio | 0.80 | 0.82 | 0.76 | 0.73 | 0.95 | 1.00 |
| Net Debt / Equity Ratio | 0.79 | 0.81 | 0.73 | 0.70 | 0.93 | 0.99 |
| Asset Turnover | 0.10 | 0.10 | 0.11 | 0.12 | 0.10 | 0.09 |
| Quick Ratio | 1.03 | 1.34 | 1.53 | 1.50 | 1.53 | 0.45 |
| Current Ratio | 1.69 | 1.34 | 1.53 | 1.50 | 1.53 | 0.45 |
| Return on Equity (ROE) | 14.92% | 17.04% | 19.26% | 18.68% | 12.40% | 20.02% |
| Return on Assets (ROA) | 5.57% | 5.73% | 6.25% | 6.35% | 5.10% | 4.67% |
| Return on Invested Capital (ROIC) | 8.28% | 9.14% | 9.96% | 10.13% | 7.75% | 7.04% |
| Return on Capital Employed (ROCE) | 8.60% | 8.90% | 9.60% | 10.20% | 7.80% | 7.10% |
| Earnings Yield | 8.99% | 9.12% | 9.84% | 11.83% | 8.46% | 10.60% |
| Dividend Yield | 7.93% | 5.03% | 4.98% | 6.43% | 7.13% | 5.61% |
| Payout Ratio | 81.52% | 49.26% | 44.65% | 47.09% | 80.37% | 46.65% |
| Buyback Yield / Dilution | -2.70% | -2.95% | -5.97% | -9.98% | -8.01% | -4.95% |
| Total Shareholder Return | 5.23% | 2.08% | -0.99% | -3.55% | -0.87% | 0.65% |