New Mountain Finance Corporation (NMFC) vs PennantPark Floating Rate Capital Ltd. (PFLT)
New Mountain Finance Corporation and PennantPark Floating Rate Capital Ltd. are both Asset Management companies. New Mountain Finance Corporation and PennantPark Floating Rate Capital Ltd. are of similar size ($698.5M and $662.1M). New Mountain Finance 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 −60.6%. PennantPark Floating Rate Capital Ltd. has the higher net margin (18.5% vs −41.1%) and the higher return on invested capital (3.51% vs −1.29%). Both pay a dividend; PennantPark Floating Rate Capital Ltd. yields more (10.8% vs 10.0%). Across the 19 metrics below, PennantPark Floating Rate Capital Ltd. leads on 14 and New Mountain Finance Corporation on 5.
Valuation
Profitability
| Metric | NMFC | PFLT | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 0.00% | 76.57% | 33.03% |
| Net margin | (41.05%) | 18.53% | 13.53% |
| Free cash flow margin | 560.64% | (21.54%) | 12.44% |
| Return on equity | (4.12%) | 4.77% | 4.83% |
| Return on assets | (1.74%) | 1.95% | 1.57% |
| Return on invested capital | (1.29%) | 3.51% | 3.04% |
Growth
Health
Dividend
Size
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