Main Street Capital CORP MAIN

NYSE

Main Street Capital Corporation ("MSCC" or, together with its consolidated subsidiaries, "Main Street" or the "Company") is a principal investment firm primarily focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies (its "LMM investment strategy") and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund (its "Private Loan investment strategy"). Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one-stop" debt and equity financing solutions within its LMM investment strategy. Main Street invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies typically based in the U.S. Main Street also seeks to partner with private equity fund sponsors in its Private Loan investment strategy and primarily invests in secured debt investments of Private Loan companies generally headquartered in the U.S.

Last close 53.34 2026-10-26
Market cap $4.99B 2026-06-30 share count
52-week range 48.95 - 65.23

Valuation FY2025 figures against the last close

P/S—
P/E13.5x
P/FCF—
EV/EBITDA—
Dividend yield7.6%
Diluted EPS3.95

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
SG&A $21.7M$19.3M$18.0M$16.1M$12.5M$12.7M————
Interest expense ——$102.6M$78.3M$58.8M$49.6M————
Pre-tax income —$508.1M$428.4M$264.9M$363.6M$42.9M————
Income tax —$0$0$23.3M$32.9M$13.5M————
Net income $493.4M$508.1M$428.4M$241.6M$330.8M$29.4M————
EPS, basic 3.953.934.043.292.652.10————
EPS, diluted 3.953.934.043.292.652.10————
Shares, diluted (wtd. avg.) 89.4M86.8M81.9M74.5M69.0M65.7M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $42.0M$78.3M$60.1M$49.1M$32.6M$31.9M$55.2M———
Total assets $5.68B$5.12B$4.44B$4.24B$3.69B—————
Long-term debt $2.46B$2.12B$1.80B$2.00B$1.80B—————
Total liabilities $2.69B$2.32B$1.97B$2.13B$1.90B—————
Retained earnings $535.3M$402.5M$206.0M$77.3M$51.8M—————
Total equity $2.99B$2.80B$2.48B$2.11B$1.79B$1.51B$1.54B$1.48B$1.38B$1.20B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$45.7M-$87.1M$285.3M-$246.9M-$515.4M-$54.1M————
Stock-based compensation $21.4M$18.8M$16.5M$13.6M$10.9M$10.8M————
Financing cash flow $9.4M$105.3M-$274.4M$263.4M$516.1M$30.8M————
Dividends paid $378.0M$356.8M$302.9M$192.3M$170.2M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001396440-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Net income, FY2020: 29.4M Net income, FY2021: 330.8M Net income, FY2022: 241.6M Net income, FY2023: 428.4M Net income, FY2024: 508.1M Net income, FY2025: 493.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income — — — — $29.4M $330.8M $241.6M $428.4M $508.1M $493.4M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.