Saturday 17 October 2026
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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%
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| Dec '25 | Dec '24 | Dec '23 | Mar '23 | Dec '22 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | — | — | — | — | 3 | 7 | 2 | 3 | 6 |
P/E ratio |
17.33 | 10.30 | 7.43 | 13.90 | — | 10.41 | 7.98 | 0.00 | 15.09 | 13.23 |
P/S ratio |
3.32 | 3.48 | 3.20 | 3.07 | — | 3.95 | 4.13 | 1.64 | 4.22 | 4.46 |
P/FCF ratio |
0.00 | 0.00 | 4.50 | 4.02 | — | 0.00 | 1.02 | 0.00 | 0.00 | 3.03 |
P/Operating CF |
168.46 | 19.20 | 11.27 | 16.27 | — | 16.06 | 1.90 | (0.94) | (8.12) | 4.38 |
P/B ratio |
0.82 | 0.75 | 0.88 | 0.75 | — | 0.84 | 0.86 | 0.44 | 0.82 | 0.82 |
Price to Tangible BV |
0.82 | 0.75 | 0.88 | 0.75 | — | 0.84 | 0.86 | 0.44 | 0.82 | 0.82 |
EV/Sales |
9.24 | 9.04 | 8.15 | 8.82 | — | 11.08 | 10.66 | 7.98 | 8.50 | 7.45 |
EV/EBITDA |
10.01 | 13.44 | 10.47 | 9.91 | — | 19.91 | 17.32 | 4.69 | 10.16 | 8.76 |
EV/Operating CF |
(59.58) | (286.29) | 11.47 | 11.58 | — | (882.74) | 2.64 | (2.23) | (12.13) | 5.06 |
EV/FCF |
(59.58) | (286.29) | 11.47 | 11.58 | — | (882.74) | 2.64 | (2.23) | (12.13) | 5.06 |
Quick Ratio |
6.54 | 5.29 | 4.43 | — | 2.31 | 1.58 | 1.95 | 1.38 | 1.31 | 0.42 |
Current Ratio |
6.65 | 5.29 | 4.43 | — | 2.35 | 1.60 | 1.98 | 1.39 | 1.32 | 0.42 |
Net Debt/EBITDA |
6.41 | 8.26 | 6.36 | 0.00 | 0.00 | 14.90 | 10.43 | 3.75 | 5.76 | (27.90) |
Debt/Assets |
60.03% | 54.89% | 58.46% | 0.00% | 58.74% | 59.64% | 57.59% | 62.51% | 45.19% | 34.17% |
Debt/Equity |
1.53 | 1.25 | 1.45 | — | 1.50 | 1.54 | 1.41 | 1.75 | 0.86 | 0.56 |
Asset Turnover |
0.10 | 0.11 | 0.11 | 0.17 | 0.00 | 0.08 | 0.08 | 0.10 | 0.11 | 0.11 |
Operating CF/Net income |
(0.79) | (0.10) | 1.65 | (0.03) | — | (0.03) | 4.21 | 4.16 | (1.84) | 3.03 |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Coverage |
2.12 | 2.15 | 2.11 | 2.74 | — | 2.74 | 2.98 | 2.97 | 3.18 | 3.50 |
| 4.66% | 8.20% | 11.92% | 0.00% | 0.00% | 8.07% | 10.86% | (9.93%) | 5.27% | 6.00% | |
| 1.94% | 3.47% | 4.73% | 6.52% | 0.00% | 3.20% | 4.13% | (4.32%) | 2.99% | 3.69% | |
ROIC |
5.25% | 5.05% | 5.80% | 0.00% | 0.00% | 3.73% | 4.21% | 4.90% | 4.82% | 5.29% |
Return on Tangible Assets |
56.79% | 80.40% | 128.72% | 0.00% | 0.00% | 369.00% | 325.96% | (649.96%) | 461.73% | (152.12%) |
Average Days of Receivables |
34.76 | 93.36 | 33.74 | 0.00 | 0.00 | 49.02 | 30.78 | 33.17 | 40.59 | 38.03 |
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 |
16.60% | 17.66% | 20.94% | 29.45% | — | 29.45% | 23.85% | 21.19% | 29.43% | 35.93% |
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 |
(1.77) | (1.55) | (1.56) | (1.88) | — | (1.82) | (1.61) | (3.93) | (1.04) | (0.74) |
Graham Number |
14.43 | 23.05 | 25.10 | 16.73 | — | 21.24 | 24.79 | 0.00 | 20.55 | 22.92 |
Earnings Yield |
5.77% | 9.71% | 13.45% | 7.19% | — | 9.61% | 12.54% | (26.22%) | 6.63% | 7.56% |
Free Cash Flow Yield |
(4.66%) | (0.91%) | 22.22% | 24.86% | — | (0.32%) | 97.63% | (218.81%) | (16.61%) | 33.02% |
Revenue per Share |
3.44 | 3.87 | 4.23 | 3.35 | — | 3.30 | 3.32 | 4.12 | 3.61 | 3.56 |
Operating CF per Share |
(0.53) | (0.12) | 3.01 | (0.04) | — | (0.04) | 7.21 | (7.18) | (1.88) | 3.62 |
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 |
(0.53) | (0.12) | 3.01 | (0.04) | — | (0.04) | 7.21 | (7.18) | (1.88) | 3.62 |
Cash per Share |
1.05 | 0.95 | 1.43 | 0.00 | 0.00 | 0.47 | 0.77 | 0.55 | 0.51 | 0.19 |
Shareholders Equity per Share |
14.02 | 18.02 | 15.39 | 0.00 | 0.00 | 15.57 | 15.88 | 15.24 | 18.58 | 19.46 |
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 |
14.02 | 18.02 | 15.39 | 0.00 | 0.00 | 15.57 | 15.88 | 15.24 | 18.58 | 19.46 |
Free Cash Flow |
(49.75) | (9.53) | 196.38 | (2.68) | — | (2.68) | 470.67 | (482.46) | (132.63) | 263.80 |
Working Capital |
111.23 | 122.90 | 92.26 | — | 64.04 | 22.32 | 34.32 | 17.86 | 15.58 | (57.21) |
Net Current Asset Value |
(1,885.47) | (1,634.75) | (1,376.88) | — | (1,425.79) | (1,535.91) | (1,438.79) | (1,783.55) | (1,120.19) | (852.26) |
EV/EBIT |
11.02 | 10.95 | 10.23 | 11.49 | — | 15.67 | 14.00 | 10.13 | 11.69 | 10.40 |
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 |
3.97 | 4.22 | 4.01 | 3.99 | — | 4.98 | 5.03 | 1.95 | 5.28 | 5.66 |
| 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 |
(1.46%) | (0.30%) | 7.67% | 0.00% | 0.00% | (0.10%) | 18.44% | (16.89%) | (5.35%) | 11.87% |
Accounts Receivable Turnover |
5.96 | 5.87 | 10.91 | 0.00 | 0.00 | 9.09 | 9.98 | 10.35 | 9.21 | 5.71 |
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 |
53.88 | 51.38 | 25.33 | — | 26.87 | 23.45 | 21.72 | 26.76 | 27.69 | 45.40 |
Average Payables |
15.21 | 15.75 | 26.13 | — | 32.01 | 25.92 | 28.92 | 34.89 | 58.56 | 66.91 |
Average Assets |
3,257.30 | 2,846.14 | 2,513.42 | 1,262.76 | 2,562.82 | 2,572.31 | 2,707.77 | 2,684.43 | 2,404.80 | 2,360.97 |
Average Common Equity |
1,355.95 | 1,204.98 | 996.71 | — | 996.47 | 1,020.58 | 1,030.32 | 1,168.47 | 1,365.36 | 1,449.94 |
Columns are period end dates