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

Capital Southwest Corporation

Capital Southwest Corporation’s revenue for fiscal 2026 (year ended March 2026) was $232.1 million, up 13.5% from fiscal 2025. In the quarter to June 2026, revenue grew 9.12%, EPS fell 20.0%, free cash flow fell 366.4% and total debt rose 34.9%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.

23.09 0.43 −1.83%

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Market cap: $1.5B
P/E: 12.2×
Fwd P/E: 10.5×
Dividend yield: 9.21%
F-score: 3/9
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 0.00%

Capital & Financial Ratios $m

Market Cap 1,500.00

Revenue 237.21

Net Income 110.73

Free Cash Flow (304.87)

Net Debt 593.05

Current Ratio 0.17

Debt/Equity 0.62

P/E ratio 12.22

Fwd P/E 10.50

P/S ratio 5.95

P/B ratio 1.33

Past 5Y EPS Growth (6.58%)

This Y EPS Growth (2.32%)

Next Y EPS Growth 3.20%

Next Y revenue growth 14.86%

Next 5Y EPS Growth (0.90%)

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

Valuation vs history

P/E against its own 10 years 45.28%

10-year low 10-year high

P/S against its own 10 years 39.14%

10-year low 10-year high

P/B against its own 10 years 75.08%

10-year low 10-year high

Dividends

Payout Ratio 1.18

Annual Dividend Rate 2.13

Annual Dividend Yield 9.21%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	2.41	0.19 0.19 0.19 0.19 0.19 0.06 0.19 0.19 0.19 0.19 0.19 0.06
2025	2.45	0.58 0.58 0.19 0.19 0.06 0.19 0.19 0.06
2024	1.15	0.57 0.06 0.06 0.58
2023	1.64	0.53 0.54 0.06 0.57
2022	1.98	0.48 0.48 0.50 0.52
2021	0.44	0.10 0.10 0.44 0.50
2020	0.00	0.10 0.10 0.10 0.10
2019	0.40	0.10 0.10 0.40 0.85
2018	0.64	0.28 0.60 0.10 0.36
2017	0.71	0.26 0.21 0.24 0.26
2016	0.38	0.04 0.06 0.11 0.17

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	32	45	29	59
Receivables	31	32	33	40
Inventory	—	—	—	—
Other	—	2	2	—
	63	79	65	99

	2024	2025	2026	Q'26
Payables	—	—	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	358	445	570	571

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%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	61	—	—	—	—
’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)	—	—	—	—
’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)	—	—	—	—
’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.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	0.39	—	—	—	—
’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	0.28	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.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	15.04	14.85	19.06	7.39	17.55	16.28	16.34	20.68	17.46	21.17	Analyst estimates 2027–2029 Powerpack
	High	17.76	24.21	22.90	21.71	28.41	26.61	24.29	27.23	23.86	25.75
People
People	Employees	17	19	22	22	21	23	26	27	30	36
	Revenue/emp, $m	1.38	1.85	2.36	2.82	3.24	3.57	4.59	6.60	6.81	6.45
Income, $m
Income, $m	Revenue	23	35	52	62	68	82	119	178	204	232
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	25	40	34	(20)	53	43	33	84	73	114
	EBT margin, %	107.58	112.46	65.74	(32.70)	78.35	52.82	28.02	47.34	35.62	49.17
	Net income	23	39	33	(22)	51	43	33	83	71	113
	Depreciation	0	0	0	0	0	(1)	(1)	(1)	(1)	(3)
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
	Earnings	1.46	2.45	1.98	(1.24)	2.67	1.87	1.10	2.05	1.47	1.98
	Cash flow	(5.66)	(3.97)	(5.66)	(2.66)	(3.58)	(8.00)	(7.57)	(4.63)	(4.58)	(3.42)
	Capex	0.00	0.00	0.00	0.00	0.00	(0.09)	(0.01)	0.00	(0.04)	(0.01)
	Free cash flow	(5.66)	(3.97)	(5.66)	(2.66)	(3.58)	(8.09)	(7.58)	(4.63)	(4.61)	(3.43)
	Book value	18.01	19.18	19.49	15.12	17.64	18.43	19.67	18.55	18.62	17.88
	Shares, m	16	16	17	18	19	23	30	41	47	57
Valuation, ×
Valuation, ×	P/E	11.50	6.89	10.91	0.00	8.33	12.56	16.02	12.05	15.18	11.12
	P/S	11.40	7.69	6.97	3.31	6.21	6.59	4.47	5.65	5.18	5.39
	P/B	0.94	0.88	1.11	0.76	1.26	1.29	0.90	1.33	1.20	1.24
	EV/Sales	11.51	8.61	9.50	5.57	7.50	9.41	7.24	7.79	7.47	7.68
	EV/FCF	(3.02)	(4.73)	(5.20)	(7.21)	(7.48)	(4.24)	(3.80)	(7.36)	(6.98)	(9.20)
Cash, $m
Cash, $m	Operating cash flow	(90)	(64)	(95)	(48)	(68)	(183)	(227)	(188)	(217)	(194)
	Capex	—	—	—	—	—	(2)	0	0	(2)	0
	Free cash flow	(90)	(64)	(95)	(48)	(68)	(185)	(227)	(189)	(219)	(194)
Balance, $m
Balance, $m	Working capital	19	(47)	(56)	(122)	(218)	(262)	(245)	(295)	(366)	(505)
	Total debt	25	40	141	154	120	243	351	414	514	563
	Net debt	3	32	131	140	88	232	330	381	469	533
	Shareholders’ equity	285	308	326	272	336	421	590	756	884	1,011
Returns, %
Returns, %	ROA	7.69	10.58	6.82	(3.93)	7.71	5.01	2.97	5.93	4.06	5.51
	ROIC	2.10	3.02	3.39	6.99	7.66	4.15	4.69	6.10	5.57	5.53
	ROE	8.42	13.25	10.42	(7.47)	16.72	11.31	6.54	12.39	8.52	11.80

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · 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
PAX Patria Investments Limited	$1.9B	25.4×	16.5×	+34.86% (above 0%: growing)	+13.12% (above 0%: growing)	−42.40% (below 0%: shrinking)	37.82%	28.19%	Compare
TSLX Sixth Street Specialty Lending, Inc.	$1.7B	17.9×	17.1×	−14.93% (below 0%: shrinking)	−31.75% (below 0%: shrinking)	−64.62% (below 0%: shrinking)	100.00%	73.38%	Compare
TRIN Trinity Capital Inc.	$1.6B	9.2×	8.6×	+25.46% (above 0%: growing)	−22.22% (below 0%: shrinking)	−60.76% (below 0%: shrinking)	100.00%	80.88%	Compare
CSWC Capital Southwest Corporation	$1.5B	12.2×	10.5×	+9.12% (above 0%: growing)	−20.00% (below 0%: shrinking)	−366.44% (below 0%: shrinking)	100.00%	87.58%
MSDL Morgan Stanley Direct Lending Fund	$1.1B	18.9×	11.6×	−10.79% (below 0%: shrinking)	−78.05% (below 0%: shrinking)	+331.94% (above 0%: growing)	100.00%	79.95%	Compare
OCSL Oaktree Specialty Lending Corp.	$1.0B	24.1×	22.2×	−7.76% (below 0%: shrinking)	−20.45% (below 0%: shrinking)	+173.07% (above 0%: growing)	94.24%	82.04%	Compare
GSBD Goldman Sachs BDC, Inc.	$1.0B	16.8×	11.2×	−7.97% (below 0%: shrinking)	−38.24% (below 0%: shrinking)	−69.26% (below 0%: shrinking)	100.00%	87.38%	Compare
RPC Ridgepost Capital, Inc.	$906.2M	31.8×	35.2×	+11.29% (above 0%: growing)	+133.33% (above 0%: growing)	+108.29% (above 0%: growing)	100.00%	21.90%	Compare
BBDC BARINGS BDC, INC.	$900.5M	10.2×	9.2×	−12.36% (below 0%: shrinking)	−10.00% (below 0%: shrinking)	+129.93% (above 0%: growing)	100.00%	77.28%	Compare
Median of peers	$1.1B	18.4×	14.1×	−7.86%	−21.33%	+32.95%	100.00%	78.62%

All 120 Asset Management stocks →

Capital Southwest Corporation (CSWC) key facts

Strength: Capital Southwest Corporation’s revenue for fiscal 2026 (year ended March 2026) was $232.1 million, up 13.5% from fiscal 2025.
Capital Southwest Corporation (CSWC) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, CSWC traded at $23.09, a market capitalization of $1.5 billion.
Capital Southwest Corporation pays an annual dividend of $2.13 per share, a yield of 9.21%, with a payout ratio of 117.5%.
Return on equity was 11.8% and debt-to-equity 0.62.
Its Piotroski F-score is 3 out of 9 for fiscal 2026.