NYSE : MSIF
MSC Income Fund, Inc. — Financial statements
Financials · Asset Management · United States
Last price 11.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 538.25M
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Financial statements
MSC Income Fund, Inc. (MSIF) reported revenue of 140.07M 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 | 140.07M | 139.15M | 134.83M | 131.39M | 103.77M | 90.13M |
| Revenue | 140.07M | 139.15M | 134.83M | 131.39M | 103.77M | 90.13M |
| Gross Profit | 140.07M | 139.15M | 134.83M | 131.39M | 103.77M | 90.13M |
| Selling, General & Admin | 42.23M | 39.70M | 38.47M | 37.26M | 26.47M | 22.30M |
| Operating Expenses | 42.23M | 39.70M | 38.47M | 37.26M | 26.47M | 22.30M |
| Operating Income | 97.83M | 99.45M | 96.36M | 94.13M | 77.29M | 67.83M |
| Interest Expense | -35.79M | -33.93M | -39.03M | -36.46M | -24.42M | -14.47M |
| EBT Excluding Unusual Items | 62.04M | 65.52M | 57.32M | 57.67M | 52.87M | 53.36M |
| Gain (Loss) on Sale of Investments | 44.41M | 26.93M | 337.00K | 12.31M | -5.64M | 24.60M |
| Other Unusual Items | -2.43M | |||||
| Pretax Income | 106.45M | 92.45M | 57.66M | 69.98M | 47.23M | 75.53M |
| Income Tax Expense | 7.39M | 3.72M | 1.11M | 3.77M | 1.64M | 1.89M |
| Net Income | 99.06M | 88.73M | 56.55M | 66.21M | 45.59M | 73.64M |
| Net Income to Common | 99.06M | 88.73M | 56.55M | 66.21M | 45.59M | 73.64M |
| Shares Outstanding (Basic) | 46.43M | 46.50M | 40.17M | 40.13M | 40.00M | 39.94M |
| Shares Outstanding (Diluted) | 46.43M | 46.50M | 40.17M | 40.13M | 40.00M | 39.94M |
| EPS (Basic) | 2.13 | 1.91 | 1.41 | 1.65 | 1.14 | 1.84 |
| EPS (Diluted) | 2.13 | 1.91 | 1.41 | 1.65 | 1.14 | 1.84 |
| Dividend Per Share | 1.39 | 1.40 | 1.45 | 1.40 | 1.29 | 1.06 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 69.85% | 71.47% | 71.47% | 71.64% | 74.49% | 75.26% |
| Profit Margin | 70.72% | 63.76% | 41.95% | 50.39% | 43.93% | 81.70% |
| EBIT | 97.83M | 99.45M | 96.36M | 94.13M | 77.29M | 67.83M |
| EBIT Margin | 69.85% | 71.47% | 71.47% | 71.64% | 74.49% | 75.26% |
| Effective Tax Rate | 6.95% | 4.02% | 1.92% | 5.39% | 3.48% | 2.50% |
| Revenue as Reported | 140.07M | 139.15M | 134.83M | 131.39M | 103.77M | 90.13M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.05M | 20.64M | 28.38M | 30.79M | 21.31M | 25.81M |
| Cash & Short-Term Investments | 28.05M | 20.64M | 28.38M | 30.79M | 21.31M | 25.81M |
| Receivables | 11.72M | 12.27M | 11.93M | 10.71M | 12.38M | 34.72M |
| Prepaid Expenses | 11.74M | 9.55M | 4.25M | 2.09M | 2.42M | 2.06M |
| Total Current Assets | 51.52M | 42.45M | 44.55M | 43.59M | 36.11M | 62.59M |
| Long-Term Investments | 1.39B | 1.34B | 1.18B | 1.09B | 1.07B | 1.08B |
| Long-Term Deferred Tax Assets | 625.00K | |||||
| Long-Term Deferred Charges | 2.91M | 3.19M | 1.99M | 3.42M | 2.91M | 4.05M |
| Total Assets | 1.44B | 1.38B | 1.22B | 1.14B | 1.11B | 1.14B |
| Accounts Payable | 2.43M | 3.55M | 4.72M | 461.00K | 1.29M | 7.33M |
| Accrued Expenses | 21.57M | 14.33M | 15.42M | 15.01M | 12.48M | 8.43M |
| Other Current Liabilities | 16.77M | 14.49M | 14.02M | 12.82M | 11.97M | |
| Total Current Liabilities | 173.90M | 34.66M | 34.63M | 29.49M | 26.59M | 27.73M |
| Long-Term Debt | 511.28M | 602.75M | 565.14M | 484.84M | 470.54M | 502.87M |
| Long-Term Deferred Tax Liabilities | 9.85M | 4.97M | 3.26M | 362.00K | ||
| Total Liabilities | 695.03M | 642.37M | 599.77M | 517.59M | 497.50M | 530.61M |
| Common Stock | 45.00K | 47.00K | 40.00K | 40.00K | 80.00K | 80.00K |
| Additional Paid-In Capital | 765.98M | 782.01M | 689.58M | 686.18M | 684.16M | 682.43M |
| Retained Earnings | -17.22M | -43.40M | -64.72M | -63.91M | -74.58M | -69.34M |
| Shareholders' Equity | 748.80M | 738.66M | 624.90M | 622.31M | 609.66M | 613.17M |
| Total Liabilities & Equity | 1.44B | 1.38B | 1.22B | 1.14B | 1.11B | 1.14B |
| Total Debt | 661.18M | 602.75M | 565.14M | 484.84M | 470.54M | 502.87M |
| Net Cash (Debt) | -633.12M | -582.12M | -536.77M | -454.06M | -449.23M | -477.06M |
| Net Cash Per Share | -13.64 | -12.52 | -13.36 | -11.31 | -11.23 | -11.95 |
| Filing Date Shares Outstanding | 45.35M | 46.03M | 46.85M | 40.23M | 40.08M | 39.94M |
| Total Common Shares Outstanding | 45.35M | 46.59M | 40.24M | 40.05M | 40.05M | 39.91M |
| Working Capital | -122.38M | 7.80M | 9.93M | 14.10M | 9.52M | 34.86M |
| Book Value Per Share | 16.51 | 15.85 | 15.53 | 15.54 | 15.22 | 15.36 |
| Tangible Book Value | 748.80M | 738.66M | 624.90M | 622.31M | 609.66M | 613.17M |
| Tangible Book Value Per Share | 16.51 | 15.85 | 15.53 | 15.54 | 15.22 | 15.36 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 99.06M | 88.73M | 56.55M | 66.21M | 45.59M | 73.64M |
| Other Amortization | 1.23M | 1.11M | 2.58M | 2.18M | 1.74M | 1.51M |
| Loss (Gain) From Sale of Investments | -44.41M | -26.93M | -337.00K | -12.31M | 5.64M | -24.60M |
| Other Operating Activities | -86.02M | -123.56M | -85.88M | -7.79M | 20.81M | -242.15M |
| Change in Accounts Receivable | -555.00K | -2.00M | -3.85M | 116.00K | 1.07M | -4.69M |
| Change in Accounts Payable | 4.67M | -1.18M | 4.47M | -1.04M | -2.02M | 816.00K |
| Change in Other Net Operating Assets | -6.27M | -6.51M | -1.62M | 2.85M | 3.84M | 4.32M |
| Operating Cash Flow | -32.30M | -70.35M | -28.08M | 50.23M | 76.68M | -191.15M |
| Long-Term Debt Issued | 434.00M | 281.00M | 150.00M | 187.50M | 627.19M | |
| Long-Term Debt Repaid | -396.69M | -201.00M | -136.00M | -220.00M | -424.82M | |
| Net Debt Issued (Repaid) | 123.00M | 37.31M | 80.00M | 14.00M | -32.50M | 202.37M |
| Issuance of Common Stock | 90.53M | 7.00M | 8.50M | 750.00K | 674.00K | |
| Repurchase of Common Stock | -27.53M | -11.65M | -20.72M | -24.43M | -15.98M | -10.06M |
| Common Dividends Paid | -62.49M | -51.57M | -39.76M | -36.44M | -33.02M | -18.73M |
| Other Financing Activities | -965.00K | -2.02M | -851.00K | -2.39M | -425.00K | -6.36M |
| Financing Cash Flow | 32.01M | 62.61M | 25.66M | -40.76M | -81.18M | 167.90M |
| Net Cash Flow | -283.00K | -7.74M | -2.41M | 9.47M | -4.50M | -23.25M |
| Levered Free Cash Flow | 23.59M | 36.45M | 40.17M | 43.12M | 55.62M | 70.45M |
| Unlevered Free Cash Flow | 44.73M | 56.54M | 61.98M | 63.85M | 69.42M | 78.22M |
| Cash Interest Paid | 32.13M | 33.78M | 35.81M | 33.59M | 20.61M | 10.38M |
| Cash Income Tax Paid | 1.16M | 6.01M | 709.00K | 2.00M | 2.47M | 1.32M |
| Change in Working Capital | -2.16M | -9.70M | -994.00K | 1.93M | 2.90M | 452.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 540.97M | 616.41M | 482.88M | 434.90M | ||
| Enterprise Value | 1.17B | 1.13B | 990.03M | 917.56M | ||
| Last Close Price | 11.93 | 12.26 | 10.14 | 9.13 | ||
| PE Ratio | 5.59 | 6.95 | 8.54 | 6.57 | ||
| Forward PE | 8.51 | 8.52 | ||||
| PS Ratio | 3.86 | 4.43 | 3.58 | 3.31 | ||
| PB Ratio | 0.72 | 0.83 | 0.77 | 0.70 | ||
| P/TBV Ratio | 0.72 | 0.83 | 0.77 | 0.70 | ||
| P/OCF Ratio | 8.66 | |||||
| EV/Sales Ratio | 8.38 | 8.10 | 7.34 | 6.98 | ||
| EV/EBIT Ratio | 12.00 | 11.33 | 10.28 | 9.75 | ||
| Debt / Equity Ratio | 0.88 | 0.82 | 0.90 | 0.78 | 0.77 | 0.82 |
| Net Debt / Equity Ratio | 0.85 | 0.79 | 0.86 | 0.73 | 0.74 | 0.78 |
| Asset Turnover | 0.10 | 0.11 | 0.11 | 0.12 | 0.09 | 0.09 |
| Quick Ratio | 0.23 | 0.95 | 1.16 | 1.41 | 1.27 | 2.18 |
| Current Ratio | 0.30 | 1.23 | 1.29 | 1.48 | 1.36 | 2.26 |
| Return on Equity (ROE) | 13.46% | 13.01% | 9.07% | 10.75% | 7.46% | 12.35% |
| Return on Assets (ROA) | 4.47% | 4.77% | 5.09% | 5.24% | 4.29% | 4.17% |
| Return on Invested Capital (ROIC) | 6.66% | 7.69% | 8.45% | 8.34% | 6.94% | 6.74% |
| Return on Capital Employed (ROCE) | 7.70% | 7.40% | 8.10% | 8.50% | 7.20% | 6.10% |
| Earnings Yield | 17.89% | 14.39% | 11.71% | 15.22% | ||
| Dividend Yield | 12.07% | 10.58% | 12.08% | 12.89% | ||
| Payout Ratio | 50.62% | 58.12% | 70.30% | 55.04% | 72.43% | 25.43% |
| Buyback Yield / Dilution | -7.88% | -15.74% | -0.10% | -0.34% | -0.15% | -0.83% |
| Total Shareholder Return | 4.19% | -5.16% | 11.98% | 12.55% | -0.15% | -0.83% |