Main Street Capital CORP financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Main Street Capital CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
General and administrative	12.7	12.5	16.1	18	19.3	21.7
Interest expense	49.6	58.8	78.3	103	123	128
Interest income	174	194	285	391	421	405
Income tax	-13.5	32.9	23.3	0	0
Net income	29.4	331	242	428	508	493
EPS, basic	2.10	2.65	3.29	4.04	3.93	3.95
EPS, diluted	2.10	2.65	3.29	4.04	3.93	3.95
Shares, basic (weighted)	65.7	69	74.5	81.9	86.8	89.4
Shares, diluted (weighted)	65.7	69	74.5	81.9	86.8	89.4
Dividend per share		2.48	2.60	3.70	4.11	4.23

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	31.9	32.6	49.1	60.1	78.3	42
Lease right-of-use assets			8.7
Total assets		3,690	4,242	4,444	5,121	5,682
Total liabilities		1,901	2,133	1,966	2,324	2,688
Total debt		1,796	1,999	1,802	2,122	2,458
Paid-in capital		1,736	2,031	2,271	2,394	2,458
Retained earnings		51.8	77.3	206	402	535
Shareholders' equity	1,515	1,789	2,109	2,477	2,798	2,994
Total equity	1,515	1,789	2,109	2,477	2,798	2,994
Total liabilities and equity		3,690	4,242	4,444	5,121	5,682
Shares outstanding		70.7	84.8	84.8	88.4	89.8

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	29.4	331	242	428	508	493
Stock-based compensation	10.8	10.9	13.6	16.5	18.8	21.4
Deferred income tax	-14.1	27.1	18.1	16	22.3	22.9
Cash from operations	-54.1	-515	-247	285	-87.1	-45.7
Stock issued	84.4	98.9	266	204	123	31.7
Dividends paid	-144	-170	-192	-303	-357	-378
Cash from financing	30.8	516	263	-274	105	9.41
Net change in cash	-23.3	0.71	16.5	11	18.2	-36.3
Interest paid	45.6	50.7	73.6	98.7	113	115
Income taxes paid	3.14	2.23	6.6	8.44	8.26	20.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $55.10 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	14.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.6%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-2.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	26.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	75.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	0.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	6.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	13.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	2.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	17.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	7.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	14.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	2.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	6.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	6.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.80x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	42.7%	Total debt / total assets.
Liabilities / assets	46.7%	Total liabilities / total assets.
Net debt	$2.48B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$3.17B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.84	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	-$1.61	Cash from operations / diluted weighted shares.
Book value per share	$33.92	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$33.92	Tangible book value / shares outstanding.
Cash per share	$0.62	(Cash + short-term investments) / shares outstanding.
Payout ratio	86.4%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.15B	Share price x shares outstanding.
Enterprise value	$7.63B	Market cap + total debt - cash - short-term investments.
P/E	11.4x	Market cap / net income. Only when net income is positive.
P/B	1.63x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.63x	Market cap / tangible book value, when positive.
Earnings yield	8.8%	Net income / market cap (the inverse of P/E).
Dividend yield	7.6%	Dividends paid over the period / market cap.
Shareholder yield	7.6%	(Dividends paid + share buybacks) / market cap.
PEG	1.82x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was Main Street Capital CORP profitable in fiscal 2025?

Yes. Net income was $493.4M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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