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

Main Street Capital Corporation

Main Street Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $566.4 million, up 4.69% from fiscal 2024. In the quarter to June 2026, revenue grew 3.89%, EPS grew 15.3%, free cash flow grew 13.7% and total debt fell 28.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

53.71 0.56 −1.03%

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Market cap: $5.1B
P/E: 10.8×
Fwd P/E: 15.2×
Dividend yield: 6.81%
F-score: 2/9
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 3.74%

Capital & Financial Ratios $m

Market Cap 5,070.00

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 10.83

Fwd P/E 15.20

P/S ratio 8.71

P/B ratio 1.58

Past 5Y EPS Growth 65.10%

This Y EPS Growth (4.00%)

Next Y EPS Growth 1.70%

Next Y revenue growth 3.67%

Next 5Y EPS Growth 0.09%

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

Valuation vs history

P/E against its own 10 years 42.23%

10-year low 10-year high

P/S against its own 10 years 29.41%

10-year low 10-year high

P/B against its own 10 years 42.02%

10-year low 10-year high

Dividends

Payout Ratio 0.74

Annual Dividend Rate 3.66

Annual Dividend Yield 6.81%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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)

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	37.57	41.79	40.77	44.35	45.10	47.13	45.67	44.19	58.81	67.77
People
People	Employees	57	58	66	71	0	80	91	100	104	110
	Revenue/emp, $m	3.13	3.55	3.54	3.43	0.00	3.61	4.14	5.00	5.20	5.15
Income, $m
Income, $m	Revenue	178	206	233	243	223	289	377	500	541	566
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	138	195	174	131	16	364	265	451	539	520
	EBT margin, %	77.20	94.82	74.72	53.75	7.12	125.80	70.30	90.15	99.57	91.84
	Net income	139	171	168	130	29	331	242	428	508	493
	Depreciation	3	3	3	4	3	3	3	3	5	7
Per share, $
Per share, $	Revenue	3.43	3.63	3.88	3.87	3.39	4.19	5.06	6.11	6.23	6.34
	Earnings	2.67	3.01	2.80	2.06	0.45	4.80	3.24	5.23	5.85	5.52
	Cash flow	(0.82)	1.29	(1.81)	(0.54)	(0.82)	(7.47)	(3.32)	3.48	(1.00)	(0.51)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	(0.82)	1.29	(1.81)	(0.54)	(0.82)	(7.47)	(3.32)	3.48	(1.00)	(0.51)
	Book value	23.09	24.35	24.53	24.40	23.05	25.94	28.31	30.24	32.23	33.50
	Shares, m	52	57	60	63	66	69	74	82	87	89
Valuation, ×
Valuation, ×	P/E	13.86	13.34	12.03	20.83	87.19	9.37	11.46	8.32	10.03	10.94
	P/S	10.72	10.99	8.72	11.15	9.52	10.70	7.29	7.11	9.40	9.53
	P/B	1.59	1.64	1.38	1.77	1.40	1.73	1.30	1.44	1.82	1.80
	EV/Sales	13.83	12.46	11.23	13.42	11.95	12.88	9.69	8.40	10.60	10.98
	EV/FCF	(57.70)	35.16	(24.02)	(96.51)	(49.20)	(7.23)	(14.78)	14.73	(65.82)	(136.03)
Cash, $m
Cash, $m	Operating cash flow	(43)	73	(109)	(34)	(54)	(515)	(247)	285	(87)	(46)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	(43)	73	(109)	(34)	(54)	(515)	(247)	285	(87)	(46)
Balance, $m
Balance, $m	Working capital	(566)	(509)	(645)	(763)	(869)	(1,470)	(1,658)	(1,472)	(1,804)	(2,193)
	Total debt	579	352	639	606	573	663	951	705	727	863
	Net debt	554	301	585	551	541	630	902	644	649	821
	Shareholders’ equity	1,201	1,380	1,476	1,536	1,515	1,789	2,109	2,477	2,798	2,994
Returns, %
Returns, %	ROA	7.03	7.87	6.98	4.92	1.07	10.24	6.09	9.87	10.62	9.13
	ROIC	4.12	5.03	4.75	4.71	4.19	4.72	5.09	6.79	6.44	6.01
	ROE	12.23	13.22	11.78	8.60	1.93	20.02	12.40	18.69	19.26	17.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · 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
BXSL Blackstone Secured Lending Fund	$5.6B	18.8×	11.4×	−7.06% (below 0%: shrinking)	−94.12% (below 0%: shrinking)	+353.76% (above 0%: growing)	100.00%	85.77%	Compare
MAAS Maase Inc. - Sponsored ADR	$5.5B	— (loss-making)	— (loss-making)	−60.12% (below 0%: shrinking)	+62.50% (above 0%: growing)	+82.86% (above 0%: growing)	0.00%	0.00%	Compare
STEP StepStone Group Inc.	$5.2B	— (loss-making)	3.9×	+4.01% (above 0%: growing)	n/m	−1,113.70% (below 0%: shrinking)	100.00%	(54.06%)	Compare
OBDC Blue Owl Capital Corporation	$5.1B	18.1×	12.1×	−17.39% (below 0%: shrinking)	−51.85% (below 0%: shrinking)	−45.84% (below 0%: shrinking)	100.00%	74.72%	Compare
MAIN Main Street Capital Corporation	$5.1B	10.8×	15.2×	+3.89% (above 0%: growing)	+15.33% (above 0%: growing)	+13.70% (above 0%: growing)	100.00%	87.20%
HASI HA Sustainable Infrastructure Capital, Inc.	$4.7B	55.2×	29.3×	+40.97% (above 0%: growing)	+25.00% (above 0%: growing)	−14.48% (below 0%: shrinking)	100.00%	80.56%	Compare
HLNE Hamilton Lane Inc.	$4.6B	12.3×	12.3×	+56.48% (above 0%: growing)	+49.23% (above 0%: growing)	−40.94% (below 0%: shrinking)	100.00%	45.93%	Compare
OTF Blue Owl Technology Finance Corp.	$4.3B	11.4×	26.7×	+5.81% (above 0%: growing)	−23.26% (below 0%: shrinking)	+22.79% (above 0%: growing)	100.00%	82.00%	Compare
FHI Federated Hermes, Inc.	$4.2B	10.4×	11.3×	+18.34% (above 0%: growing)	+18.97% (above 0%: growing)	+342.66% (above 0%: growing)	100.00%	26.43%	Compare
Median of peers	$4.9B	15.2×	12.1×	+4.91%	+18.97%	+4.15%	100.00%	60.33%

All 120 Asset Management stocks →

Main Street Capital Corporation (MAIN) key facts

Concern: Net income was $493.4 million, or $5.52 per share (basic), a net margin of 87.1%.
Strength: Main Street Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $566.4 million, up 4.69% from fiscal 2024.
Main Street Capital Corporation (MAIN) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, MAIN traded at $53.71, a market capitalization of $5.1 billion.
At that price the stock trades at 10.8× trailing-twelve-month earnings and 8.7× sales; its P/E is higher than 42% of its own readings over the past ten years.
Main Street Capital Corporation pays an annual dividend of $3.66 per share, a yield of 6.81%, with a payout ratio of 73.8%.
Return on equity was 17.0% and debt-to-equity 0.19.
Its Piotroski F-score is 2 out of 9 for fiscal 2025.