Saturday 17 October 2026 Export BCSF’s income statement to Excel — free account

Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $273.2 million, down 6.63% from fiscal 2024. In the quarter to June 2026, revenue fell 12.1%, EPS fell 40.5%, free cash flow grew 10,857.6% and total debt fell 3.93%, each against the same quarter a year earlier.

10.26 0.37 −3.48%

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Market cap: $689.6M
P/E: 10.4×
Fwd P/E: 9.7×
Dividend yield: 12.3%
F-score: 2/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.18%

Capital & Financial Ratios $m

Market Cap 689.55

Revenue 263.96

Net Income 63.93

Free Cash Flow 133.57

Net Debt 1,370.52

Current Ratio 7.20

Debt/Equity 1.39

P/E ratio 10.36

Fwd P/E 9.71

P/S ratio 2.52

P/B ratio 0.62

Past 5Y EPS Growth 61.12%

This Y EPS Growth (12.80%)

Next Y EPS Growth (18.41%)

Next Y revenue growth (8.58%)

Next 5Y EPS Growth (13.19%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 75.53%

10-year low 10-year high

P/S against its own 10 years 2.21%

10-year low 10-year high

P/B against its own 10 years 6.59%

10-year low 10-year high

Dividends

Payout Ratio 1.27

Annual Dividend Rate 1.26

Annual Dividend Yield 12.28%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.68	0.42 0.42 0.42
2025	1.76	0.42 0.03 0.42 0.03 0.15
2024	0.84	0.42 0.42 0.03 0.03
2023	1.60	0.38 0.38 0.42 0.42
2022	1.38	0.34 0.34 0.34 0.36
2021	1.36	0.34 0.34 0.34 0.34
2020	1.42	0.40 0.34 0.34 0.34
2019	1.61	0.40 0.40 0.40 0.40
2018	0.40	0.40
2017	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	14.86	16.40	6.98	11.80	11.51	11.06	14.75	13.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	18.46	20.51	19.85	16.45	16.29	16.80	17.97	19.21
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
Income, $m
Income, $m	Revenue	1	25	99	198	194	197	220	298	293	273
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	(1)	14	56	85	86	88	104	145	139	125
	EBT margin, %	(124.51)	57.75	56.33	42.87	44.26	44.52	47.16	48.68	47.55	45.88
	Net income	1	19	27	98	8	120	105	123	119	99
	Depreciation	0	0	0	(3)	(3)	0	(1)	(2)	(1)	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
	Earnings	0.51	0.99	0.69	1.90	0.14	1.86	1.63	1.91	1.85	1.52
	Cash flow	(83.90)	(35.67)	(20.08)	(4.70)	1.52	4.11	(4.91)	3.40	(0.42)	0.46
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	(83.90)	(35.67)	(20.08)	(4.70)	1.52	4.11	(4.91)	3.40	(0.42)	0.46
	Book value	91.88	25.93	25.97	19.74	18.20	17.04	17.29	17.60	17.65	17.24
	Shares, m	1	20	39	52	59	65	65	65	65	65
Valuation, ×
Valuation, ×	P/E	12.97	12.97	20.34	10.26	0.00	8.18	7.42	7.96	9.47	9.09
	P/S	9.75	9.75	6.39	5.05	3.66	4.97	3.56	3.28	3.87	3.30
	P/B	0.83	0.83	0.63	0.98	0.67	0.89	0.70	0.86	0.99	0.81
	EV/Sales	10.32	10.32	14.81	20.62	18.67	18.93	16.32	12.30	13.55	14.11
	EV/FCF	(0.99)	(0.99)	(1.90)	(16.81)	40.60	14.07	(11.31)	16.70	(146.31)	130.60
Cash, $m
Cash, $m	Operating cash flow	(101)	(697)	(774)	(243)	89	266	(317)	219	(27)	30
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	(101)	(697)	(774)	(243)	89	266	(317)	219	(27)	30
Balance, $m
Balance, $m	Working capital	2	(325)	(91)	66	42	226	115	94	89	61
	Total debt	118	902	635	1,575	1,458	1,415	1,385	1,256	1,390	1,471
	Net debt	51	761	602	1,506	1,377	1,211	1,260	1,143	1,291	1,412
	Shareholders’ equity	110	507	1,002	1,018	1,068	1,100	1,116	1,136	1,140	1,117
Returns, %
Returns, %	ROA	0.69	3.31	1.92	4.42	0.32	4.63	4.09	4.87	4.68	3.73
	ROIC	(0.49)	0.55	1.76	1.83	2.11	2.12	2.72	3.97	3.58	3.10
	ROE	0.20	6.25	3.53	9.71	0.79	11.05	9.52	10.95	10.49	8.75

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CGBD Carlyle Secured Lending, Inc.	$733.5M	20.4×	11.1×	−7.72% (below 0%: shrinking)	n/m	+131.88% (above 0%: growing)	100.00%	74.03%	Compare
BUR Burford Capital Limited	$722.5M	— (loss-making)	— (loss-making)	−42.14% (below 0%: shrinking)	−97.50% (below 0%: shrinking)	+161.57% (above 0%: growing)	100.00%	57.14%	Compare
VINP Vinci Compass Investments Ltd.	$717.4M	15.2×	8.7×	+30.12% (above 0%: growing)	−26.32% (below 0%: shrinking)	+17.98% (above 0%: growing)	100.00%	27.59%	Compare
MFIC MidCap Financial Investment Corporation	$700.2M	— (loss-making)	14.7×	−16.03% (below 0%: shrinking)	n/m	+307.98% (above 0%: growing)	100.00%	87.62%	Compare
BCSF Bain Capital Specialty Finance, Inc.	$689.6M	10.4×	9.7×	−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.	$660.1M	12.8×	10.2×	+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	$651.3M	— (loss-making)	29.5×	−4.25% (below 0%: shrinking)	+157.14% (above 0%: growing)	−39.48% (below 0%: shrinking)	100.00%	0.00%	Compare
ACGP Associated Capital Group, Inc.	$649.9M	14.8×	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.	$629.0M	8.4×	9.9×	−9.45% (below 0%: shrinking)	−65.91% (below 0%: shrinking)	+112.02% (above 0%: growing)	100.00%	70.73%	Compare
Median of peers	$680.2M	14.8×	10.2×	−5.98%	−42.10%	+146.73%	100.00%	63.94%

All 120 Asset Management stocks →

Bain Capital Specialty Finance, Inc. (BCSF) key facts

Concern: Bain Capital Specialty Finance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $273.2 million, down 6.63% from fiscal 2024.
Concern: Net income was $98.8 million, or $1.52 per share (basic), a net margin of 36.1%.
Bain Capital Specialty Finance, Inc. (BCSF) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, BCSF traded at $10.26, a market capitalization of $689.6 million.
At that price the stock trades at 10.4× trailing-twelve-month earnings and 2.5× sales; its P/E is higher than 76% of its own readings over the past ten years.
Bain Capital Specialty Finance, Inc. pays an annual dividend of $1.26 per share, a yield of 12.3%, with a payout ratio of 127.3%.
Return on equity was 8.75% and debt-to-equity 1.39.
Its Piotroski F-score is 2 out of 9 for fiscal 2025.