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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%
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
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 3.97%

Capital & Financial Ratios $m

Market Cap 700.17
Revenue 300.98
Net Income (29.65)
Free Cash Flow 531.34
Net Debt 1,696.32
Current Ratio 3.78
Debt/Equity 1.58
P/E ratio 0.00
Fwd P/E 14.70
P/S ratio 2.29
P/B ratio 0.63
Past 5Y EPS Growth —
This Y EPS Growth (1.74%) (below 0%: weak)
Next Y EPS Growth (16.46%) (below 0%: weak)
Next Y revenue growth (16.85%) (below 0%: weak)
Next 5Y EPS Growth (8.82%) (below 0%: weak)

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

Valuation vs history

P/S against its own 10 years 3.91%
10-year low 10-year high
P/B against its own 10 years 4.94%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 1.31
Annual Dividend Yield 15.71%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.24
0.31
0.31
0.31
2025 1.52
0.38
0.38
0.38
0.38
2024 1.52
0.38
0.38
0.20
0.38
0.38
2023 1.52
0.38
0.38
0.38
0.38
2022 1.00
0.31
0.05
0.32
0.37
2021 0.98
0.05
0.36
0.31
0.31
2020 1.62
0.45
0.45
0.36
0.36
2019 1.80
0.45
0.45
0.45
0.45
2018 1.80
0.45
0.45
0.45
0.45
2017 1.80
0.45
0.45
0.45
0.45
2016 2.10
0.60
0.60
0.45
0.45
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 94 74 98 43
Receivables 26 77 31 24
Inventory — — — —
Other — — — —
119 152 131 68
2023 2024 2025 Q'26
Payables 14 17 13 12
ST’ Debt — — — —
Other 11 12 6 5
27 29 20 18

Compound Annual Growth %

10y 5y 3y
Sales (1.67%) 8.16% 14.61%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% (10.80%) (8.46%)
Book Value (2.28%) 4.75% 9.78%

Revenue $m

Jun Sep Dec Mar Year
’26 68 — — 72 —
’25 81 83 78 79 321
’24 69 82 82 68 302
’23 69 68 72 — 277
’23 53 59 63 68 213
’22 51 53 55 55 213
’21 57 55 54 51 217
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 169 189 — — —
’25 (131) (91) 166 6 (50)
’24 9 (64) (10) 55 (10)
’23 — 8 64 78 196
’23 46 (22) 109 — (3)
’22 52 (5) (104) 54 (3)
’21 471 71 179 154 471
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 169 189 — — —
’25 (131) (91) 166 6 (50)
’24 9 (64) (10) 55 (10)
’23 — 8 64 78 196
’23 46 (22) 109 — (3)
’22 52 (5) (104) 54 (3)
’21 471 71 179 154 471
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 (0.21) — — (0.30) —
’25 0.19 0.29 (0.14) 0.32 0.68
’24 0.35 0.31 0.26 0.39 1.27
’23 0.09 0.25 0.02 0.46 1.82
’22 0.49 0.39 0.32 0.07 1.28
’21 0.05 0.51 0.51 0.65 1.71
’20 0.35 0.10 0.00 (2.22) (1.73)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 12.78 16.80 12.05 12.26 5.20 10.40 10.01 10.39 12.26 10.18

Analyst estimates 2026–2028

Powerpack
High 18.81 20.46 18.00 18.33 17.74 15.27 13.99 14.03 16.36 14.74
People
People Employees — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income, $m
Income, $m Revenue 380 280 259 255 277 217 213 277 302 321
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT (45) 18 87 72 (116) 112 82 119 99 63
EBT margin, % (11.73) 6.56 33.56 28.21 (41.91) 51.61 38.64 42.95 32.75 19.69
Net income (45) 18 87 72 (116) 112 0 119 99 63
Depreciation 42 90 (214) 4 251 (29) (49) (5) (46) 27
Per share, $
Per share, $ Revenue 4.90 3.77 3.56 3.61 4.12 3.32 3.30 4.23 3.87 3.44
Earnings (0.57) 0.25 1.19 1.02 (1.73) 1.71 1.28 1.82 1.27 0.68
Cash flow 5.63 8.67 3.62 (1.88) (7.18) 7.21 (0.04) 3.01 (0.12) (0.53)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow 5.63 8.67 3.62 (1.88) (7.18) 7.21 (0.04) 3.01 (0.12) (0.53)
Book value 21.23 19.99 19.46 18.58 15.24 15.88 0.00 15.39 18.02 14.02
Shares, m 78 74 73 71 67 65 65 65 78 93
Valuation, ×
Valuation, × P/E 0.00 82.00 13.23 15.09 0.00 7.98 10.41 7.43 10.30 17.33
P/S 3.40 5.21 4.46 4.22 1.64 4.13 3.95 3.20 3.48 3.32
P/B 0.78 0.98 0.82 0.82 0.44 0.86 0.84 0.88 0.75 0.82
EV/Sales 6.81 8.21 7.45 8.50 7.98 10.66 11.08 8.15 9.04 9.24
EV/FCF 3.44 2.08 5.06 (12.13) (2.23) 2.64 (882.74) 11.47 (286.29) (59.58)
Cash, $m
Cash, $m Operating cash flow 436 642 264 (133) (482) 471 (3) 196 (10) (50)
Capex — — — — — — — — — —
Free cash flow 436 642 264 (133) (482) 471 (3) 196 (10) (50)
Balance, $m
Balance, $m Working capital 34 1 (57) 16 18 34 64 92 123 111
Total debt 1,313 848 790 1,129 1,795 1,465 1,483 1,462 1,752 1,995
Net debt 1,296 839 776 1,092 1,757 1,415 1,399 1,369 1,677 1,897
Shareholders’ equity 1,646 1,482 1,418 1,313 1,024 1,036 988 1,005 1,405 1,307
Returns, %
Returns, % ROA (1.34) 0.67 3.69 2.99 (4.32) 4.13 0.00 4.73 3.47 1.94
ROIC 5.82 5.62 5.29 4.82 4.90 4.21 0.00 5.80 5.05 5.25
ROE (2.49) 1.17 6.00 5.27 (9.93) 10.86 0.00 11.92 8.20 4.66
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

MidCap Financial Investment Corporation vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FDUS Fidus Investment Corporation $773.1M 9.1× 9.1× +8.84% (above 0%: growing) −26.39% (below 0%: shrinking) −204.97% (below 0%: shrinking) 100.00% 68.28% Compare
CGBD Carlyle Secured Lending, Inc. $733.5M 20.4× 11.1× −7.72% (below 0%: shrinking) n/m +131.88% (above 0%: growing) 100.00% 74.03% Compare
BUR Burford Capital Limited $722.5M — (loss-making) — (loss-making) −42.14% (below 0%: shrinking) −97.50% (below 0%: shrinking) +161.57% (above 0%: growing) 100.00% 57.14% Compare
VINP Vinci Compass Investments Ltd. $717.4M 15.2× 8.7× +30.12% (above 0%: growing) −26.32% (below 0%: shrinking) +17.98% (above 0%: growing) 100.00% 27.59% Compare
MFIC MidCap Financial Investment Corporation $700.2M — (loss-making) 14.7× −16.03% (below 0%: shrinking) n/m +307.98% (above 0%: growing) 100.00% 87.62%
BCSF Bain Capital Specialty Finance, Inc. $689.6M 10.4× 9.7× −12.14% (below 0%: shrinking) −40.54% (below 0%: shrinking) +10,857.59% (above 0%: growing) 100.00% 80.20% Compare
PFLT PennantPark Floating Rate Capital Ltd. $660.1M 12.8× 10.2× +4.07% (above 0%: growing) −57.89% (below 0%: shrinking) +392.80% (above 0%: growing) 100.00% 77.14% Compare
NMFC New Mountain Finance Corporation $651.3M — (loss-making) 29.5× −4.25% (below 0%: shrinking) +157.14% (above 0%: growing) −39.48% (below 0%: shrinking) 100.00% 0.00% Compare
ACGP Associated Capital Group, Inc. $649.9M 14.8× 4.2× +13.32% (above 0%: growing) +3.41% (above 0%: growing) +254.80% (above 0%: growing) 100.00% (314.07%) Compare
Median of peers $703.5M 13.8× 9.7× −0.09% −26.39% +146.73% 100.00% 62.71%

All 120 Asset Management stocks →

MidCap Financial Investment Corporation (MFIC) key facts

  • Strength: MidCap Financial Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $320.9 million, up 6.33% from fiscal 2024.
  • MidCap Financial Investment Corporation (MFIC) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, MFIC traded at $8.34, a market capitalization of $700.2 million.
  • MidCap Financial Investment Corporation pays an annual dividend of $1.31 per share, a yield of 15.7%.
  • Return on equity was 4.66% and debt-to-equity 1.58.
  • Its Piotroski F-score is 3 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

MidCap Financial Investment Corporation (MFIC) Latest News

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