MidCap Financial Investment Corporation (MFIC) vs PennantPark Floating Rate Capital Ltd. (PFLT)
MidCap Financial Investment Corporation and PennantPark Floating Rate Capital Ltd. are both Asset Management companies. MidCap Financial Investment Corporation and PennantPark Floating Rate Capital Ltd. are of similar size ($731.1M and $698.5M). MidCap Financial Investment Corporation has negative trailing earnings, so its P/E is not meaningful; PennantPark Floating Rate Capital Ltd. trades at 13.7×. PennantPark Floating Rate Capital Ltd. grew revenue faster over the last twelve months: 9.33% against −7.17%. PennantPark Floating Rate Capital Ltd. has the higher net margin (18.5% vs −9.85%) and the lower return on invested capital (3.51% vs 5.78%). Both pay a dividend; MidCap Financial Investment Corporation yields more (11.1% vs 10.8%). Across the 20 metrics below, PennantPark Floating Rate Capital Ltd. leads on 11 and MidCap Financial Investment Corporation on 9.
Valuation
Profitability
| Metric | MFIC | PFLT | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 86.02% | 76.57% | 33.03% |
| Net margin | (9.85%) | 18.53% | 13.53% |
| Free cash flow margin | 176.54% | (21.54%) | 12.44% |
| Return on equity | (2.39%) | 4.77% | 4.83% |
| Return on assets | (0.94%) | 1.95% | 1.57% |
| Return on invested capital | 5.78% | 3.51% | 3.04% |
Growth
Health
Dividend
Size
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