Main Street Capital Corporation MAIN
- Market cap
- $5.2B
- P/E
- 11.1×
Follow MAIN
Target Price Range
Analyst price targets
Free account| 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
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| 37.57 | 41.79 | 40.77 | 44.35 | 45.10 | 47.13 | 45.67 | 44.19 | 58.81 | 67.77 |
High Price
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| 57 | 58 | 66 | 71 | 0 | 80 | 91 | 100 | 104 | 110 |
Employees
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|||
| 3 | 4 | 4 | 3 | 0 | 4 | 4 | 5 | 5 | 5 |
Revenue/Emp
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| 178 | 206 | 233 | 243 | 223 | 289 | 377 | 500 | 541 | 566 |
Revenue
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| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 138 | 195 | 174 | 131 | 16 | 364 | 265 | 451 | 539 | 520 |
EBT
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| 77.20% | 94.82% | 74.72% | 53.75% | 7.12% | 125.80% | 70.30% | 90.15% | 99.57% | 91.84% |
EBT Margin
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| 139 | 171 | 168 | 130 | 29 | 331 | 242 | 428 | 508 | 493 |
Net Income
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| 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 5 | 7 |
Depreciation
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| 3.43 | 3.63 | 3.88 | 3.87 | 3.39 | 4.19 | 5.06 | 6.11 | 6.23 | 6.34 |
Revenue/Sh
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| 2.67 | 3.01 | 2.80 | 2.06 | 0.45 | 4.80 | 3.24 | 5.23 | 5.85 | 5.52 |
Earnings/Sh
|
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| (0.82) | 1.29 | (1.81) | (0.54) | (0.82) | (7.47) | (3.32) | 3.48 | (1.00) | (0.51) |
Cash Flow/Sh
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex/Sh
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| (0.82) | 1.29 | (1.81) | (0.54) | (0.82) | (7.47) | (3.32) | 3.48 | (1.00) | (0.51) |
Free CF/Sh
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| 23.09 | 24.35 | 24.53 | 24.40 | 23.05 | 25.94 | 28.31 | 30.24 | 32.23 | 33.50 |
Book Value/Sh
|
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| 52 | 57 | 60 | 63 | 66 | 69 | 74 | 82 | 87 | 89 |
Shares
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| 13.86 | 13.34 | 12.03 | 20.83 | 87.19 | 9.37 | 11.46 | 8.32 | 10.03 | 10.94 |
PE Ratio
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| 10.72 | 10.99 | 8.72 | 11.15 | 9.52 | 10.70 | 7.29 | 7.11 | 9.40 | 9.53 |
PS Ratio
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| 1.59 | 1.64 | 1.38 | 1.77 | 1.40 | 1.73 | 1.30 | 1.44 | 1.82 | 1.80 |
PB Ratio
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| 13.83 | 12.46 | 11.23 | 13.42 | 11.95 | 12.88 | 9.69 | 8.40 | 10.60 | 10.98 |
EV/Sales
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| (57.70) | 35.16 | (24.02) | (96.51) | (49.20) | (7.23) | (14.78) | 14.73 | (65.82) | (136.03) |
EV/FCF
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| (43) | 73 | (109) | (34) | (54) | (515) | (247) | 285 | (87) | (46) |
Op' Cash Flow
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| — | — | — | — | — | — | — | — | — | — | Capex | |||
| (43) | 73 | (109) | (34) | (54) | (515) | (247) | 285 | (87) | (46) |
FCF
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| (566) | (509) | (645) | (763) | (869) | (1,470) | (1,658) | (1,472) | (1,804) | (2,193) |
Working Cap'
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| 579 | 352 | 639 | 606 | 573 | 663 | 951 | 705 | 727 | 863 |
Total Debt
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| 554 | 301 | 585 | 551 | 541 | 630 | 902 | 644 | 649 | 821 |
Net Debt
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| 1,201 | 1,380 | 1,476 | 1,536 | 1,515 | 1,789 | 2,109 | 2,477 | 2,798 | 2,994 |
Sh' Equity
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| 7.03% | 7.87% | 6.98% | 4.92% | 1.07% | 10.24% | 6.09% | 9.87% | 10.62% | 9.13% |
ROA
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| 4.12% | 5.03% | 4.75% | 4.71% | 4.19% | 4.72% | 5.09% | 6.79% | 6.44% | 6.01% |
ROIC
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| 12.23% | 13.22% | 11.78% | 8.60% | 1.93% | 20.02% | 12.40% | 18.69% | 19.26% | 17.04% |
ROE
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Main Street Capital Corporation peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| STEP StepStone Group Inc. | $5.3B | 0.0× | Compare |
| OBDC Blue Owl Capital Corporation | $5.4B | 19.3× | Compare |
| HLNE Hamilton Lane Inc. | $4.7B | 13.0× | Compare |
| OTF Blue Owl Technology Finance Corp. | $4.7B | 12.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HASI HA Sustainable Infrastructure Capital, Inc. | $4.7B | 55.1× | Compare |
| BXSL Blackstone Secured Lending Fund | $5.8B | 19.4× | Compare |
| MAAS Maase Inc. - Sponsored ADR | $6.1B | 0.0× | Compare |
| FHI Federated Hermes, Inc. | $4.3B | 10.7× | Compare |
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.
Main Street Capital Corporation (MAIN) Latest News
26 Sep
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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.
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.
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
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.
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
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
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
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.
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.
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
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
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
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
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.