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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. 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%
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% (at or above 15%: strong)
This Y EPS Growth (12.80%) (below 0%: weak)
Next Y EPS Growth (18.41%) (below 0%: weak)
Next Y revenue growth (8.58%) (below 0%: weak)
Next 5Y EPS Growth (13.19%) (below 0%: weak)

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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

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

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