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Capital Southwest Corporation

CSWC Financial Asset Management

Capital Southwest Corporation’s revenue for fiscal 2026 (year ended March 2026) was $232.1 million, up 13.5% from fiscal 2025.

Revenue
+17.9%
EPS
−26.8%
Free cash flow
−170.8%
Total debt
+92.3%

Quarter to September 2026, against a year earlier

23.27 0.52 −2.19%
Market cap
$1.6B
P/E
13.2×
Fwd P/E
11.5×
Dividend yield
8.31%
F-score
3/9
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 2.95%

Capital & Financial Ratios $m

Size
Market Cap 1,550.00
Revenue ttm 247.42
Net income ttm 106.54
Free cash flow ttm (426.85)
Net debt Q 424.21
Valuation
P/E 13.17
Forward P/E 11.50
Price / sales 5.99
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.34
Financial health
Current ratio Q 0.11
Debt / equity Q 0.43
Interest coverage Q 2.77
Growth
Revenue growth Q +17.93% (above 0%: growing)
Operating income growth Q +16.21% (above 0%: growing)
EPS, this year −2.29% (below 0%: weak)
EPS, next year A +4.33%
Revenue, next year A +15.03% (at or above 10%: strong)
EPS, past 5 yrs −6.58% (below 0%: weak)
EPS, next 5 yrs A −1.33% (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 60.05%
10-year low 10-year high
P/S against its own 10 years 40.52%
10-year low 10-year high
P/B against its own 10 years 76.09%
10-year low 10-year high

Dividends

Yield
8.31%
Annual rate
1.93
Payout ratio
116.3%
Growth, 2017–25
+13.3%/yr
  1. 0.71 ’17
  2. 0.64 ’18 −10
  3. 0.40 ’19 −38
  4. 0.00 ’20 −100
  5. 0.44 ’21
  6. 1.98 ’22 +350
  7. 1.64 ’23 −17
  8. 1.15 ’24 −30
  9. 1.93 ’25 +68
  10. 2.41 ’26e +25
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 32 45 29 52
Receivables 31 32 33 45
Inventory — — — —
Other — 2 2 —
63 79 65 98
2024 2025 2026 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
358 445 570 910

Compound Annual Growth %

10y 5y 3y
Sales 38.16% 27.81% 24.84%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 17.05% 50.04%
Book Value 14.00% 24.63% 19.64%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 0.56 Actual 0.56

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.64 0.64 Met by 0.00
Q4 FY26 0.56 0.57 Beat by 0.01
Q1 FY27 0.54 0.58 Beat by 0.04
Q2 FY27 0.56 0.56 Met by 0.00
Q3 FY27 0.56 — Reports 1 February 2027

EPS $

Jun Sep Dec Mar Year
’26 0.39 0.29 — — —
’26 0.48 0.44 0.54 0.44 1.90
’25 0.31 0.48 0.34 0.35 1.47
’24 0.63 0.57 0.57 0.31 2.05
’23 0.10 0.34 0.09 0.58 1.10
’22 0.71 (0.20) 0.54 0.84 1.87
’21 0.49 0.88 0.80 0.49 2.67
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 61 67 — — —
’26 56 57 61 58 232
’25 51 49 52 52 204
’24 40 43 49 46 178
’23 23 27 33 37 119
’22 19 20 22 21 82
’21 15 17 19 17 68
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (81) (193) — — —
’26 30 (71) (94) (59) (194)
’25 31 (24) (166) (59) (217)
’24 (56) (49) 18 (102) (188)
’23 (70) (26) (98) (33) (227)
’22 (100) (3) (35) (44) (183)
’21 (23) (24) 1 (23) (68)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (81) (193) — — —
’26 30 (71) (94) (59) (194)
’25 31 (24) (167) (59) (219)
’24 (56) (49) 18 (102) (189)
’23 (70) (26) (98) (34) (227)
’22 (100) (3) (35) (46) (185)
’21 (23) (24) 1 (23) (68)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 23 35 52 62 68 82 119 178 204 232 247 +29.0% 267 307 267 +4.8%
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 25 40 34 (20) 53 43 33 84 73 114 105 +18.2%
EBT margin, % 107.58 112.46 65.74 (32.70) 78.35 52.82 28.02 47.34 35.62 49.17 42.42 (58.4) pt
Net income 23 39 33 (22) 51 43 33 83 71 113 107 +19.1%
Per share, $
Per share, $ Revenue 1.48 2.19 3.10 3.45 3.57 3.60 3.97 4.37 4.31 4.11 3.89 +12.0%
Earnings 1.46 2.45 1.98 (1.24) 2.67 1.87 1.10 2.05 1.47 1.98 1.77 +3.4%
Cash flow (5.66) (3.97) (5.66) (2.66) (3.58) (8.00) (7.57) (4.63) (4.58) (3.42) (6.70) (5.4%)
Capex 0.00 0.00 0.00 0.00 0.00 (0.09) (0.01) 0.00 (0.04) (0.01) 0.00 n/m
Free cash flow (5.66) (3.97) (5.66) (2.66) (3.58) (8.09) (7.58) (4.63) (4.61) (3.43) (6.71) (5.4%)
Book value 18.01 19.18 19.49 15.12 17.64 18.43 19.67 18.55 18.62 17.88 17.38 (0.1%)
Shares, m 16 16 17 18 19 23 30 41 47 57 60 +15.2%
Valuation, ×
Valuation, × P/E 11.50 6.89 10.91 0.00 8.33 12.56 16.02 11.90 15.18 11.12 13.17 10.4
P/S 11.40 7.69 6.97 3.31 6.21 6.59 4.47 5.65 5.18 5.39 5.99 6.3
P/B 0.94 0.88 1.11 0.76 1.26 1.29 0.90 1.33 1.20 1.24 1.34 1.1
EV/Sales 11.51 8.61 9.50 5.57 7.50 9.41 7.24 7.79 7.47 7.68 — 8.2
EV/FCF (3.02) (4.73) (5.20) (7.21) (7.48) (4.24) (3.80) (7.36) (6.98) (9.20) — (5.9)
Cash, $m
Cash, $m Operating cash flow (90) (64) (95) (48) (68) (183) (227) (188) (217) (194) (427) +8.9%
Capex — — — — — (2) 0 0 (2) 0 0 (38.5%)
Free cash flow (90) (64) (95) (48) (68) (185) (227) (189) (219) (194) (427) +9.0%
Balance, $m
Balance, $m Working capital 19 (47) (56) (122) (218) (262) (245) (295) (366) (505) (812) n/m
Net debt 3 32 131 140 88 232 330 381 469 533 424 +80.6%
Shareholders’ equity 285 308 326 272 336 421 590 756 884 1,011 1,106 +15.1%
Returns, %
Returns, % ROA 7.69 10.58 6.82 (3.93) 7.71 5.01 2.97 5.93 4.06 5.51 4.63 (2.2) pt
ROIC 2.10 3.02 3.39 6.99 7.66 4.15 4.69 6.10 5.57 5.53 6.13 +3.4 pt
ROE 8.42 13.25 10.42 (7.47) 16.72 11.31 6.54 12.39 8.52 11.80 10.26 +3.4 pt
People
People Employees 17 19 22 22 21 23 26 27 30 36 — +8.7%
Revenue/emp, $m 1.38 1.85 2.36 2.82 3.24 3.57 4.59 6.60 6.81 6.45 — +18.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Capital Southwest Corporation 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
GCMG GCM Grosvenor Inc. $2.5B 16.1× 14.7× −14.09% (below 0%: shrinking) −46.67% (below 0%: shrinking) −11.02% (below 0%: shrinking) 0.00% 0.00% Compare
TSLX Sixth Street Specialty Lending, Inc. $1.7B 19.4× 17.1× −9.58% (below 0%: shrinking) −7.17% (below 0%: shrinking) −523.17% (below 0%: shrinking) 100.00% 73.54% Compare
TRIN Trinity Capital Inc. $1.7B 9.6× 8.9× +25.46% (above 0%: growing) +25.64% (above 0%: growing) +63.94% (above 0%: growing) 100.00% 80.88% Compare
PAX Patria Investments Limited $1.6B 21.9× 14.5× +20.52% (above 0%: growing) −12.50% (below 0%: shrinking) −41.24% (below 0%: shrinking) 40.31% 27.93% Compare
CSWC Capital Southwest Corporation $1.6B 13.2× 11.5× +17.93% (above 0%: growing) −26.78% (below 0%: shrinking) −170.75% (below 0%: shrinking) 100.00% 86.58%
MSDL Morgan Stanley Direct Lending Fund $1.2B 284× 15.2× −13.62% (below 0%: shrinking) n/m +230.03% (above 0%: growing) 100.00% 0.00% Compare
OCSL Oaktree Specialty Lending Corp. $1.1B 26.1× 22.7× −7.76% (below 0%: shrinking) −20.45% (below 0%: shrinking) +173.07% (above 0%: growing) 94.24% 82.04% Compare
RPC Ridgepost Capital, Inc. $1.0B 29.6× 35.2× +17.11% (above 0%: growing) +350.00% (above 0%: growing) +447.90% (above 0%: growing) 100.00% 28.63% Compare
GSBD Goldman Sachs BDC, Inc. $990.6M 34.0× 11.6× −7.97% (below 0%: shrinking) n/m +465.71% (above 0%: growing) 100.00% 87.38% Compare
Median of peers $1.4B 24.0× 15.0× −7.86% −9.83% +118.51% 100.00% 51.09%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 27 May 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 3.79m 3.79m 155.63
2025 3.42m 2.99m 299.30
2024 3.81m 4.99m 300.18
2023 3.48m 2.68m 215.67
2022 3.16m 3.35m 247.81

Ownership

Directors and executive officers, together 2.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Capital Southwest Corporation (CSWC) Latest News

3 Nov

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

2 Nov

Impact 3 · · GlobeNewswire

26 Oct

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23 Oct

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19 Oct

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17 Sep

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8 Sep

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2 Sep

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22 Aug

Impact 3 · · 24/7 Wall St.

11 Aug

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10 Aug

Impact 3 · · The Motley Fool transcript

4 Aug

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Impact 3 · · Moby

3 Aug

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1 Aug

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23 Jul

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22 Jul

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16 Jul

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18 May

Impact 3 · · StockStory

17 May

Impact 3 · · Simply Wall St.

14 May

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
stockrow.com/CSWC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com