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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. 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%
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%) (below 0%: weak)
This Y EPS Growth (2.32%) (below 0%: weak)
Next Y EPS Growth 3.20%
Next Y revenue growth 14.86% (at or above 10%: strong)
Next 5Y EPS Growth (0.90%) (below 0%: weak)

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

Capital Southwest Corporation (CSWC) Latest News

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