MidCap Financial Investment Corporation

MFIC Financial Asset Management

MidCap Financial Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $320.9 million, up 6.33% from fiscal 2024. In the quarter to June 2026, revenue fell 16.0%, EPS fell 210.5%, free cash flow grew 308.0% and total debt fell 15.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

8.34 0.16 −1.88%
Market cap
$700.2M
P/E
0.0×
Fwd P/E
14.7×
Dividend yield
15.7%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Mar '18 Mar '19 Mar '20 Mar '21 Mar '22 Dec '22 Mar '23 Dec '23 Dec '24 Dec '25
Piotroski F-Score
6 3 2 7 3 — — — — 3
P/E ratio
13.23 15.09 0.00 7.98 10.41 — 13.90 7.43 10.30 17.33
P/S ratio
4.46 4.22 1.64 4.13 3.95 — 3.07 3.20 3.48 3.32
P/FCF ratio
3.03 0.00 0.00 1.02 0.00 — 4.02 4.50 0.00 0.00
P/Operating CF
4.38 (8.12) (0.94) 1.90 16.06 — 16.27 11.27 19.20 168.46
P/B ratio
0.82 0.82 0.44 0.86 0.84 — 0.75 0.88 0.75 0.82
Price to Tangible BV
0.82 0.82 0.44 0.86 0.84 — 0.75 0.88 0.75 0.82
EV/Sales
7.45 8.50 7.98 10.66 11.08 — 8.82 8.15 9.04 9.24
EV/EBITDA
8.76 10.16 4.69 17.32 19.91 — 9.91 10.47 13.44 10.01
EV/Operating CF
5.06 (12.13) (2.23) 2.64 (882.74) — 11.58 11.47 (286.29) (59.58)
EV/FCF
5.06 (12.13) (2.23) 2.64 (882.74) — 11.58 11.47 (286.29) (59.58)
Quick Ratio
0.42 1.31 1.38 1.95 1.58 2.31 — 4.43 5.29 6.54
Current Ratio
0.42 1.32 1.39 1.98 1.60 2.35 — 4.43 5.29 6.65
Net Debt/EBITDA
(27.90) 5.76 3.75 10.43 14.90 0.00 0.00 6.36 8.26 6.41
Debt/Assets
34.17% 45.19% 62.51% 57.59% 59.64% 58.74% 0.00% 58.46% 54.89% 60.03%
Debt/Equity
0.56 0.86 1.75 1.41 1.54 1.50 — 1.45 1.25 1.53
Asset Turnover
0.11 0.11 0.10 0.08 0.08 0.00 0.17 0.11 0.11 0.10
Operating CF/Net income
3.03 (1.84) 4.16 4.21 (0.03) — (0.03) 1.65 (0.10) (0.79)
Capex/Depreciation
0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00 0.00
Interest Coverage
3.50 3.18 2.97 2.98 2.74 — 2.74 2.11 2.15 2.12
ROE
6.00% 5.27% (9.93%) 10.86% 8.07% 0.00% 0.00% 11.92% 8.20% 4.66%
ROA
3.69% 2.99% (4.32%) 4.13% 3.20% 0.00% 6.52% 4.73% 3.47% 1.94%
ROIC
5.29% 4.82% 4.90% 4.21% 3.73% 0.00% 0.00% 5.80% 5.05% 5.25%
Return on Tangible Assets
(152.12%) 461.73% (649.96%) 325.96% 369.00% 0.00% 0.00% 128.72% 80.40% 56.79%
Average Days of Receivables
38.03 40.59 33.17 30.78 49.02 0.00 0.00 33.74 93.36 34.76
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% — 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
35.93% 29.43% 21.19% 23.85% 29.45% — 29.45% 20.94% 17.66% 16.60%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% — 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(0.74) (1.04) (3.93) (1.61) (1.82) — (1.88) (1.56) (1.55) (1.77)
Graham Number
22.92 20.55 0.00 24.79 21.24 — 16.73 25.10 23.05 14.43
Earnings Yield
7.56% 6.63% (26.22%) 12.54% 9.61% — 7.19% 13.45% 9.71% 5.77%
Free Cash Flow Yield
33.02% (16.61%) (218.81%) 97.63% (0.32%) — 24.86% 22.22% (0.91%) (4.66%)
Revenue per Share
3.56 3.61 4.12 3.32 3.30 — 3.35 4.23 3.87 3.44
Operating CF per Share
3.62 (1.88) (7.18) 7.21 (0.04) — (0.04) 3.01 (0.12) (0.53)
Capex per Share
0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00 0.00
Free Cash Flow per Share
3.62 (1.88) (7.18) 7.21 (0.04) — (0.04) 3.01 (0.12) (0.53)
Cash per Share
0.19 0.51 0.55 0.77 0.47 0.00 0.00 1.43 0.95 1.05
Shareholders Equity per Share
19.46 18.58 15.24 15.88 15.57 0.00 0.00 15.39 18.02 14.02
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
19.46 18.58 15.24 15.88 15.57 0.00 0.00 15.39 18.02 14.02
Free Cash Flow
263.80 (132.63) (482.46) 470.67 (2.68) — (2.68) 196.38 (9.53) (49.75)
Working Capital
(57.21) 15.58 17.86 34.32 22.32 64.04 — 92.26 122.90 111.23
Net Current Asset Value
(852.26) (1,120.19) (1,783.55) (1,438.79) (1,535.91) (1,425.79) — (1,376.88) (1,634.75) (1,885.47)
EV/EBIT
10.40 11.69 10.13 14.00 15.67 — 11.49 10.23 10.95 11.02
Capex to Sales
0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00 0.00
Price to Operating Income
5.66 5.28 1.95 5.03 4.98 — 3.99 4.01 4.22 3.97
Other line items
Depreciation/Fixed assets
0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00 0.00
Cash ROIC
11.87% (5.35%) (16.89%) 18.44% (0.10%) 0.00% 0.00% 7.67% (0.30%) (1.46%)
Accounts Receivable Turnover
5.71 9.21 10.35 9.98 9.09 0.00 0.00 10.91 5.87 5.96
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00
Average Days of Payables
0.00 0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00
Average Receivables
45.40 27.69 26.76 21.72 23.45 26.87 — 25.33 51.38 53.88
Average Payables
66.91 58.56 34.89 28.92 25.92 32.01 — 26.13 15.75 15.21
Average Assets
2,360.97 2,404.80 2,684.43 2,707.77 2,572.31 2,562.82 1,262.76 2,513.42 2,846.14 3,257.30
Average Common Equity
1,449.94 1,365.36 1,168.47 1,030.32 1,020.58 996.47 — 996.71 1,204.98 1,355.95

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Columns are period end dates