Main Street Capital Corporation MAIN

55.10 0.34 0.62% as of 25 Sep
Market cap
$5.2B
P/E
11.1×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.74%

Capital & Financial Ratios

Market Cap 5,150.00
Revenue 575.05
Net Income 451.34
Free Cash Flow (149.81)
Net Debt 527.88
Current Ratio 0.05
Debt/Equity 0.19
P/E ratio 11.11
P/S ratio 8.94
P/B ratio 1.62
Past 5Y EPS Growth 23.25%
This Y EPS Growth (3.48%)
Next Y EPS Growth 1.84%
Next 5Y EPS Growth 2.63%
in millions of $

Dividends

Payout Ratio 0.69
Annual Dividend Rate 2.82
Annual Dividend Yield 7.69%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 4.35
0.26
0.26
0.26
0.30
0.26
0.26
0.26
0.30
0.27
0.27
0.27
0.30
0.27
0.27
0.27
2025 4.23
0.25
0.25
0.25
0.30
0.25
0.25
0.25
0.30
0.26
0.26
0.30
0.26
0.30
0.26
0.26
0.26
0.30
2024 3.21
0.24
0.24
0.24
0.30
0.24
0.24
0.24
0.30
0.25
0.25
0.25
0.30
0.25
0.25
0.25
0.30
2023 3.15
0.23
0.23
0.23
0.18
0.23
0.23
0.23
0.23
0.23
0.23
0.23
0.28
0.24
0.24
0.24
0.28
2022 2.85
0.22
0.22
0.22
0.08
0.22
0.22
0.22
0.08
0.22
0.22
0.22
0.10
0.22
0.22
0.22
0.10
2021 2.58
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.10
2020 2.26
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
0.21
2019 2.92
0.20
0.20
0.20
0.20
0.20
0.25
0.21
0.21
0.21
0.21
0.21
0.21
0.24
0.21
2018 2.85
0.19
0.19
0.19
0.19
0.19
0.28
0.19
0.19
0.19
0.20
0.20
0.20
0.28
0.20
2017 2.24
0.19
0.19
0.19
0.19
0.19
0.28
0.19
0.19
0.19
0.19
0.19
0.19
0.28
0.19
2016 2.18
0.18
0.18
0.18
0.18
0.18
0.28
0.18
0.18
0.18
0.19
0.19
0.19
0.28
0.19
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 60 78 42 58
Receivables 89 98 108 52
Inventory — — — —
Other — — — —
149 176 150 125
2023 2024 2025 Q'26
Payables 37 45 53 61
ST’ Debt 360 384 518 241
Other 63 70 68 55
1,622 1,980 2,343 2,429
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 13.15% 20.53% 14.55%
Cash Flow 0.00% 0.00% 0.00%
Earnings 16.80% 75.80% 26.87%
Book Value 10.83% 14.60% 12.40%

Revenue

Mar Jun Sep Dec Year
’26 140 150 — — —
’25 137 144 140 146 566
’24 132 132 137 140 541
’23 120 128 123 129 500
’22 79 85 98 114 377
’21 63 67 77 82 289
’20 56 52 52 63 223
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (139) 117 — — —
’25 (20) 103 91 (218) (46)
’24 (118) (186) 72 145 (87)
’23 20 28 84 154 285
’22 (50) 10 (218) 10 (247)
’21 (25) (83) (51) (357) (515)
’20 61 (22) (68) (26) (54)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (139) 117 — — —
’25 (20) 103 91 (218) (46)
’24 (118) (186) 72 145 (87)
’23 20 28 84 154 285
’22 (50) 10 (218) 10 (247)
’21 (25) (83) (51) (357) (515)
’20 61 (22) (68) (26) (54)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.54 1.58 — — —
’25 1.31 1.37 1.38 1.46 5.52
’24 1.26 1.19 1.42 1.97 5.85
’23 1.00 1.32 1.25 1.65 5.23
’22 0.91 0.20 0.74 1.37 3.24
’21 0.84 1.39 1.22 1.34 4.80
’20 (2.66) 0.66 1.18 1.19 0.45
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
24.21 35.25 31.95 33.43 14.11 31.00 31.66 36.48 42.68 47.00

Analyst estimates 2026–2028

Powerpack
Low Price
37.57 41.79 40.77 44.35 45.10 47.13 45.67 44.19 58.81 67.77
High Price
57 58 66 71 0 80 91 100 104 110
Employees
3 4 4 3 0 4 4 5 5 5
Revenue/Emp
178 206 233 243 223 289 377 500 541 566
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
138 195 174 131 16 364 265 451 539 520
EBT
77.20% 94.82% 74.72% 53.75% 7.12% 125.80% 70.30% 90.15% 99.57% 91.84%
EBT Margin
139 171 168 130 29 331 242 428 508 493
Net Income
3 3 3 4 3 3 3 3 5 7
Depreciation
3.43 3.63 3.88 3.87 3.39 4.19 5.06 6.11 6.23 6.34
Revenue/Sh
2.67 3.01 2.80 2.06 0.45 4.80 3.24 5.23 5.85 5.52
Earnings/Sh
(0.82) 1.29 (1.81) (0.54) (0.82) (7.47) (3.32) 3.48 (1.00) (0.51)
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
(0.82) 1.29 (1.81) (0.54) (0.82) (7.47) (3.32) 3.48 (1.00) (0.51)
Free CF/Sh
23.09 24.35 24.53 24.40 23.05 25.94 28.31 30.24 32.23 33.50
Book Value/Sh
52 57 60 63 66 69 74 82 87 89
Shares
13.86 13.34 12.03 20.83 87.19 9.37 11.46 8.32 10.03 10.94
PE Ratio
10.72 10.99 8.72 11.15 9.52 10.70 7.29 7.11 9.40 9.53
PS Ratio
1.59 1.64 1.38 1.77 1.40 1.73 1.30 1.44 1.82 1.80
PB Ratio
13.83 12.46 11.23 13.42 11.95 12.88 9.69 8.40 10.60 10.98
EV/Sales
(57.70) 35.16 (24.02) (96.51) (49.20) (7.23) (14.78) 14.73 (65.82) (136.03)
EV/FCF
(43) 73 (109) (34) (54) (515) (247) 285 (87) (46)
Op' Cash Flow
— — — — — — — — — —
Capex
(43) 73 (109) (34) (54) (515) (247) 285 (87) (46)
FCF
(566) (509) (645) (763) (869) (1,470) (1,658) (1,472) (1,804) (2,193)
Working Cap'
579 352 639 606 573 663 951 705 727 863
Total Debt
554 301 585 551 541 630 902 644 649 821
Net Debt
1,201 1,380 1,476 1,536 1,515 1,789 2,109 2,477 2,798 2,994
Sh' Equity
7.03% 7.87% 6.98% 4.92% 1.07% 10.24% 6.09% 9.87% 10.62% 9.13%
ROA
4.12% 5.03% 4.75% 4.71% 4.19% 4.72% 5.09% 6.79% 6.44% 6.01%
ROIC
12.23% 13.22% 11.78% 8.60% 1.93% 20.02% 12.40% 18.69% 19.26% 17.04%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Main Street Capital Corporation (MAIN) key facts

  • Main Street Capital Corporation (MAIN) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Main Street Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $566.4 million, up 4.69% from fiscal 2024.
  • Net income was $493.4 million, or $5.52 per share (basic), a net margin of 87.1%.
  • As of September 25, 2026, MAIN traded at $55.10, a market capitalization of $5.2 billion.
  • At that price the stock trades at 11.1× trailing-twelve-month earnings and 8.9× sales.
  • Main Street Capital Corporation pays an annual dividend of $2.82 per share, a yield of 7.69%, with a payout ratio of 69.2%.
  • Return on equity was 17.0% and debt-to-equity 0.19.

Source: company filings (standardised) and stockrow calculations.

Main Street Capital Corporation (MAIN) Latest News

News by impact score

Fine-tune

26 Sep

3

Two high‑yield, monthly dividend plays are highlighted: Main Street Capital (MAIN) and EPR Properties (EPR). MAIN, a BDC, pays a monthly $0.265 dividend ($3.18 annualized) at about $55, a ~5.8% yield, and has never cut payments. It has boosted the payout 141% since its 2007 IPO, with 12 increases since late 2021, supported by distributable net investment income around 1.4x and a supplemental quarterly dividend lifting yield toward ~8%. EPR Properties pays a monthly $0.31 dividend ($3.72 annualized) at under $57, ~6.4% yield. After pandemic suspension, it has resumed growth, with a ~68% payout ratio of funds from operations, funding new experiential real estate investments including Seven Flags parks. Both are framed as complementary, high‑yield income holdings for long‑term investors. High, durable yields and ongoing dividend growth could support investor demand for MAIN, but sector-specific risks and regulatory constraints cap upside.

22 Sep

3

Main Street Capital (MAIN) declared a total monthly dividend of $0.27 per share, paid October 15, 2026, extending a steady monthly payout since its 2007 IPO. The high dividend payout ratio of 0.87 raises questions about how sustainably MAIN can fund payments if earnings soften or credit losses rise, even as the income stream remains central to investment appeal. The pattern shows about $0.26-0.27 monthly dividends, sometimes supplemented by $0.30 payments. The article notes earnings volatility and forecasts of declining profits, keeping payout coverage a near-term concern. Projections imply $737.8 million revenue and $381.7 million earnings by 2029, with 8.7% revenue growth but a $69.6 million earnings decline from today. Fair-value estimates vary widely, underscoring divergent views on MAIN's trajectory. High payout ratio amid earnings volatility signals payout sustainability risk and could temper upside.

21 Sep

3

Main Street Capital Corp (MAIN) announced a total dividend of $0.27 per share, with a cash payout on 2026-10-15 and an ex-div date of 2026-10-08. The company has paid monthly dividends since 2007. Current 12-month trailing yield is 7.69% and forward yield is about 5.66%, implying expected payout normalization. Over the last 3 years, dividend growth averaged 15.7% annually; 5-year growth 13.4%; 10-year growth 4.3%. The dividend payout ratio was 0.87 as of 2026-06-30, raising questions about sustainability. GuruFocus rates profitability 5/10 and growth 5/10. Revenue per share has risen about 15.7% annually over 3 years; EPS growth ~19.4% per year; 5-year EBITDA growth 47.5%, signaling strong cash flow to support distributions. Despite robust earnings and cash flow, the high payout ratio suggests dividend sustainability risk amid potential headwinds. High payout ratio suggests sustainability risk despite solid growth and cash flow, likely a moderate impact on outlook.

14 Sep

3

Main Street Capital Corporation dividend outlook over next five years examined for sustainability and growth potential. Long-term dividend forecasts can moderately shape investor views on valuation without altering core operations.

4 Sep

4

Main Street Capital realizes major gains from a portfolio exit, directly enabling a larger dividend payout to shareholders. Major exit generates capital that supports higher dividends and improves investor returns.

3 Sep

3

Main Street Capital Corporation offers high yields as a BDC and shows a nice rebound in performance. Rebound in performance and high yields can moderately lift investor sentiment and near-term valuation.

1 Sep

3

MSC Income Fund completed a $150.0 million investment grade notes offering. The completed $150 million notes offering adds capital that may support expanded investments and moderately influence financial positioning.

27 Aug

3

Main Street Capital extends supplemental dividend streak into 2026 with investors responding to the continued payout consistency. Dividend extension supports ongoing shareholder distributions but does not shift core business operations or competitive positioning.

22 Aug

3

Main Street Capital may be paying dividends from its balance sheet rather than earnings. Dividend funding questions could pressure Main Street Capital's valuation and investor confidence.

3

Main Street Capital Corporation's private-credit funds deliver yields exceeding 10 percent, generating ten thousand dollars annually from a hundred thousand dollar investment and surpassing bank offerings in returns. High-yield private credit offerings enhance investor appeal and market sentiment for Main Street Capital.

21 Aug

3

Main Street Capital posts record NAV gains, prompting assessment of whether shares trade at full value. Record NAV gains may shift near-term investor sentiment on Main Street Capital valuation.

14 Aug

3 transcript

Main Street Capital (MAIN) held its Q2 2026 earnings call, covering financial results and company outlook. Standard earnings call updates financial metrics and guidance with potential to shift near-term investor views.

11 Aug

3

Main Street Capital Corporation posted gains in lower middle market investments during Q2 while retaining flexibility on dividend payouts. Q2 lower middle market gains and dividend flexibility affect Main Street Capital's core earnings and investor returns.

10 Aug

3

Main Street Capital Corporation reported record Q2 net asset value and issued a supplemental dividend, driving an 8.3% stock price increase. The report questions whether this development alters the existing bull case for the company. Record quarterly NAV and supplemental dividend produced an immediate 8.3% stock gain but reflect routine earnings results without altering long-term competitive position.

9 Aug

3

Main Street Capital Corporation reported Q2 earnings and raised dividends, prompting questions on whether the stock has reached full valuation. Q2 earnings and dividend hikes can moderately affect financial performance views and stock valuation.

8 Aug

3 transcript

Main Street Capital Corporation discussed Q2 financial results during its earnings call, noting net investment income growth, stable portfolio performance, maintained dividend distributions and positive management outlook on future BDC opportunities. Q2 earnings details provide moderate insight into operational performance influencing short-term stock movements.

7 Aug

4

Main Street Capital Corp posted record NAV and strong ROE for Q2 2026. Record NAV and strong ROE represent major positive financial results that can materially lift investor sentiment and share performance.

3

Main Street Capital's Q2 earnings missed estimates due to higher expenses. Q2 earnings miss from higher expenses may pressure near-term stock performance and sentiment.

3 transcript

Main Street Capital Corporation held its Q2 2026 earnings call covering quarterly financial results, portfolio performance, and outlook. Quarterly earnings updates typically influence short-term stock sentiment and valuation without major strategic shifts.

6 Aug

3

Main Street Capital reported better-than-expected sales for Q2 CY2026. Better-than-expected quarterly sales can moderately lift near-term stock performance and investor sentiment for Main Street Capital.

3

Main Street Capital Corporation announced second quarter 2026 financial results. Quarterly earnings releases deliver key metrics that can shift near-term stock price and sentiment.

30 Jul

3

Main Street Capital (MAIN) earnings projected to grow, prompting assessment of buy potential. Earnings growth forecasts may moderately shift investor views and valuation.

24 Jul

3

Main Street Capital nears its earnings release while investor attention stays fixed on the firm's valuation narrative. Upcoming earnings combined with ongoing valuation scrutiny can moderately shift near-term investor sentiment and share price.

16 Jul

3

Main Street Capital Corporation stands out as a safer retirement portfolio choice than options typically pushed by financial advisors, emphasizing stable income generation and lower risk for long-term investors. Positive framing of MAIN as a preferred retirement holding can lift investor sentiment and near-term share demand without altering core operations.

3

Main Street Capital Corporation announced preliminary estimates of second quarter 2026 operating results. Preliminary quarterly results estimates typically drive moderate short-term market reactions and investor sentiment shifts.

3

MAIN aggressively raises dividends despite softer income, potentially reframing its risk-reward profile for investors. Dividend policy shifts amid softer income can sway MAIN investor sentiment and near-term valuation.

14 Jul

3

Main Street Capital raised its monthly dividend again to sustain an 8% yield, but softening earnings create uncertainty around dividend safety and future payouts. Dividend increase paired with softening earnings creates moderate investor concern over sustainability without altering core operations.

12 Jul

4

Fed rate cuts are squeezing BDC earnings and threatening dividend sustainability for Main Street Capital Corporation (MAIN). Rate cuts reduce interest income and compress margins for BDCs like MAIN, directly threatening dividend levels and stock valuation.

7 Jul

3

Main Street Capital Corporation expands its credit facility. The development prompts questions on whether MAIN stock remains undervalued for investors. Credit facility expansion increases Main Street Capital's investment capacity and may support earnings growth without fundamentally shifting company trajectory.

30 Jun

3

Main Street Capital Corporation expanded its long-term credit facility, which may alter its prior positive investment outlook. Expanded credit facility moderately boosts MAIN's financial flexibility without fundamentally shifting its trajectory.

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