Main Street Capital CORP MAIN
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.95 | 3.93 | 4.04 | 3.29 | 2.65 | 2.10 | — | — | — | — |
| EPS, diluted | 3.95 | 3.93 | 4.04 | 3.29 | 2.65 | 2.10 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $89.4M | $86.8M | $81.9M | $74.5M | $69.0M | $65.7M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.