Pricing Log in Create free account
Friday 6 November 2026 Export BCSF’s income statement to Excel — free account

Bain Capital Specialty Finance, Inc.

BCSF Financial Asset Management

Bain Capital Specialty Finance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $273.2 million, down 6.63% from fiscal 2024.

Revenue
−12.1%
EPS
−40.5%
Free cash flow
+10,857.6%
Total debt
−3.93%

Quarter to June 2026, against a year earlier

11.18 0.01 +0.09%
Market cap
$724.6M
P/E
11.3×
Fwd P/E
10.3×
Dividend yield
11.3%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.18%

Capital & Financial Ratios $m

Size
Market Cap 724.58
Revenue ttm 263.96
Net income ttm 63.93
Free cash flow ttm 133.57
Net debt Q 1,370.52
Valuation
P/E 11.28
Forward P/E 10.30
Price / sales 2.75
Forward P/S Powerpack
Price / FCF 5.42
Price / book 0.67
Financial health
Current ratio Q 7.20
Debt / equity Q 1.39
Interest coverage Q 2.42
Growth
Revenue growth Q −12.14% (below 0%: shrinking)
Operating income growth Q −7.35% (below 0%: shrinking)
EPS, this year −12.80% (below 0%: weak)
EPS, next year A −18.41% (below 0%: weak)
Revenue, next year A −8.58% (below 0%: weak)
EPS, past 5 yrs +61.12% (at or above 15%: strong)
EPS, next 5 yrs A −13.19% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 78.41%
10-year low 10-year high
P/S against its own 10 years 5.99%
10-year low 10-year high
P/B against its own 10 years 10.38%
10-year low 10-year high

Dividends

Yield
11.3%
Annual rate
1.26
Payout ratio
127.3%
Growth, 2018–25
+11.1%/yr
  1. 0.40 ’18
  2. 1.61 ’19 +300
  3. 1.42 ’20 −12
  4. 1.36 ’21 −4
  5. 1.38 ’22 +1
  6. 1.60 ’23 +16
  7. 0.84 ’24 −48
  8. 0.84 ’25 +0
  9. 1.68 ’26e +100
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 112 99 59 131
Receivables 51 83 72 109
Inventory — — — —
Other 8 5 — 2
174 191 135 245
2023 2024 2025 Q'26
Payables 10 15 13 13
ST’ Debt — — — —
Other 2 1 22 1
80 102 74 34

Compound Annual Growth %

10y 5y 3y
Sales — 7.04% 7.57%
Cash Flow 0.00% (19.88%) 0.00%
Earnings — 64.18% (2.17%)
Book Value — 0.91% 0.03%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.42 Actual 0.44

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.45 0.45 Met by 0.00
Q4 FY25 0.45 0.46 Beat by 0.01
Q1 FY26 0.44 0.42 Miss by 0.02
Q2 FY26 0.42 0.44 Beat by 0.02
Q3 FY26 0.44 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.05 0.22 — — —
’25 0.44 0.37 0.29 0.43 1.52
’24 0.55 0.45 0.51 0.34 1.85
’23 0.45 0.45 0.52 0.48 1.91
’22 0.52 0.27 0.17 0.67 1.63
’21 0.49 0.66 0.36 0.35 1.86
’20 (2.02) 0.40 0.80 0.61 0.14
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 66 62 — — —
’25 67 71 67 68 273
’24 74 72 73 73 293
’23 75 76 72 75 298
’22 46 52 59 62 220
’21 50 46 50 52 197
’20 51 48 47 48 194
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 27 71 — — —
’25 (7) 1 9 27 30
’24 (64) 192 (136) (20) (27)
’23 (43) (9) 122 149 219
’22 (102) (178) (100) 63 (317)
’21 175 31 (10) 69 266
’20 (51) 32 73 36 89
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 27 71 — — —
’25 (7) 1 9 27 30
’24 (64) 192 (136) (20) (27)
’23 (43) (9) 122 149 219
’22 (102) (178) (100) 63 (317)
’21 175 31 (10) 69 266
’20 (51) 32 73 36 89
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1 25 99 198 194 197 220 298 293 273 264 +89.5% 250 236 227 (6.0%)
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT (1) 14 56 85 86 88 104 145 139 125 118 n/m
EBT margin, % (124.51) 57.75 56.33 42.87 44.26 44.52 47.16 48.68 47.55 45.88 44.74 +170.4 pt
Net income 1 19 27 98 8 120 105 123 119 99 64 +76.0%
Per share, $
Per share, $ Revenue 0.72 1.26 2.57 3.84 3.31 3.06 3.40 4.61 4.53 4.22 4.07 +21.6%
Earnings 0.51 0.99 0.69 1.90 0.14 1.86 1.63 1.91 1.85 1.52 0.99 +13.0%
Cash flow (83.90) (35.67) (20.08) (4.70) 1.52 4.11 (4.91) 3.40 (0.42) 0.46 2.06 n/m
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow (83.90) (35.67) (20.08) (4.70) 1.52 4.11 (4.91) 3.40 (0.42) 0.46 2.06 n/m
Book value 91.88 25.93 25.97 19.74 18.20 17.04 17.29 17.60 17.65 17.24 16.65 (17.0%)
Shares, m 1 20 39 52 59 65 65 65 65 65 65 +55.8%
Valuation, ×
Valuation, × P/E 13.21 13.21 20.72 10.46 0.00 8.18 7.42 7.96 9.47 9.09 11.28 10.0
P/S 9.94 9.94 6.51 5.15 3.66 4.97 3.56 3.28 3.87 3.30 2.75 5.4
P/B 0.85 0.85 0.65 1.00 0.67 0.89 0.70 0.86 0.99 0.81 0.67 0.8
EV/Sales 10.32 10.32 14.81 20.62 18.67 18.93 16.32 12.30 13.55 14.11 — 15.0
EV/FCF (0.99) (0.99) (1.90) (16.81) 40.60 14.07 (11.31) 16.70 (146.31) 130.60 — 2.4
Cash, $m
Cash, $m Operating cash flow (101) (697) (774) (243) 89 266 (317) 219 (27) 30 134 n/m
Capex — — — — — — — — — — 0 —
Free cash flow (101) (697) (774) (243) 89 266 (317) 219 (27) 30 134 n/m
Balance, $m
Balance, $m Working capital 2 (325) (91) 66 42 226 115 94 89 61 211 +43.2%
Net debt 51 761 602 1,506 1,377 1,211 1,260 1,143 1,291 1,412 1,371 +44.5%
Shareholders’ equity 110 507 1,002 1,018 1,068 1,100 1,116 1,136 1,140 1,117 1,080 +29.3%
Returns, %
Returns, % ROA 0.69 3.31 1.92 4.42 0.32 4.63 4.09 4.87 4.68 3.73 2.37 +3.0 pt
ROIC (0.49) 0.55 1.76 1.83 2.11 2.12 2.72 3.97 3.58 3.10 3.01 +3.6 pt
ROE 0.20 6.25 3.53 9.71 0.79 11.05 9.52 10.95 10.49 8.75 5.76 +8.5 pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Bain Capital Specialty Finance, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FDUS Fidus Investment Corporation $775.5M 9.4× 9.4× +23.25% (above 0%: growing) −3.24% (below 0%: shrinking) +118.22% (above 0%: growing) 100.00% 71.60% Compare
CGBD Carlyle Secured Lending, Inc. $749.3M 20.7× 16.5× −4.97% (below 0%: shrinking) n/m +7.08% (above 0%: growing) 100.00% 0.00% Compare
PSEC Prospect Capital Corporation $739.3M — (loss-making) 4.2× −3.73% (below 0%: shrinking) n/m +36.81% (above 0%: growing) 74.32% 70.51% Compare
BCSF Bain Capital Specialty Finance, Inc. $724.6M 11.3× 10.3× −12.14% (below 0%: shrinking) −40.54% (below 0%: shrinking) +10,857.59% (above 0%: growing) 100.00% 80.20%
PFLT PennantPark Floating Rate Capital Ltd. $677.7M 13.4× 11.7× +4.07% (above 0%: growing) −57.89% (below 0%: shrinking) +392.80% (above 0%: growing) 100.00% 77.14% Compare
NMFC New Mountain Finance Corporation $661.2M — (loss-making) 39.1× −30.93% (below 0%: shrinking) −64.00% (below 0%: shrinking) −46.09% (below 0%: shrinking) 100.00% 0.00% Compare
ACGP Associated Capital Group, Inc. $649.9M 14.6× 4.2× +13.32% (above 0%: growing) +3.41% (above 0%: growing) +254.80% (above 0%: growing) 100.00% (314.07%) Compare
SLRC SLR Investment Corp. $643.0M 11.3× 10.4× −13.42% (below 0%: shrinking) −67.67% (below 0%: shrinking) +77.74% (above 0%: growing) 100.00% 71.09% Compare
TIPT Tiptree Financial Inc. $640.0M 1.6× — (loss-making) −100.00% (below 0%: shrinking) −17.82% (below 0%: shrinking) −238.91% (below 0%: shrinking) 100.00% 0.00% Compare
Median of peers $669.4M 12.3× 10.4× −4.35% −37.85% +57.28% 100.00% 35.26%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 20 April 2026

Ownership

Directors and executive officers, together less than 1%
Bain Capital Distressed and Special Situations 15.28%
Dimension Capital Management LLC 6.65%
Bank of America Corporation 6.33%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Bain Capital Specialty Finance, Inc. (BCSF) Latest News

19 Aug

Impact 3 ·

11 Aug

Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

12 May

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 3 · · Moby transcript

11 May

Impact 3 · · Business Wire

4 May

Impact 4 · · Investing.com

27 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 3 · · MarketBeat
Impact 3 · · The Motley Fool transcript

26 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

26 Jan

Impact 3 · · Business Wire

23 Jan

Impact 3 · · Business WireMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

22 Dec

Impact 3 · · Business Wire

14 Nov

Impact 3 · · Zacks

11 Nov

Impact 3 · transcript
Impact 3 · · The Motley Fool

10 Nov

Impact 3 · · Business Wire
Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

6 Oct

Impact 4 · · Zacks

24 Sep

Impact 3 · · Zacks

18 Sep

Impact 4 ·
Impact 3 ·

17 Sep

Impact 3 ·

8 Sep

Impact 4 · · Zacks
stockrow.com/BCSF · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com