Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data MSC INCOME FUND, INC. 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
FY2021
FY2023
FY2023
FY2024
FY2025
General and administrative
4.43
3.91
4.25
4.42
4.34
Interest expense
14.5
24.4
36.5
39
33.9
Interest income
72.5
90.8
117
118
116
Income tax
1.89
1.64
0
0
Net income
73.6
45.6
66.2
56.6
88.7
EPS, basic
1.28
1.27
1.38
1.34
1.33
EPS, diluted
1.28
1.27
1.38
1.34
1.33
Shares, basic (weighted)
41.7
41.7
40.1
40.2
46.5
Shares, diluted (weighted)
41.7
41.7
40.1
40.2
46.5
Dividend per share
0.62
1.40
1.45
1.44
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
25.8
21.3
30.8
28.4
20.6
Total assets
1,107
1,140
1,225
1,381
Total liabilities
497
518
600
642
Total debt
471
485
565
603
Paid-in capital
684
686
690
782
Retained earnings
-74.6
-63.9
-64.7
-43.4
Shareholders' equity
613
610
622
625
739
Total equity
613
610
622
625
739
Total liabilities and equity
1,107
1,140
1,225
1,381
Shares outstanding
83.6
40.1
40.2
46.6
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
73.6
45.6
66.2
56.6
88.7
Deferred income tax
0
0.36
2.9
-3.88
5.59
Cash from operations
-191
76.7
50.2
-28.1
-70.4
Debt issued
77.5
72.5
0
0
Stock issued
0.67
0.75
8.5
7
0
Share buybacks
-10.1
-16
-24.4
-20.7
-11.6
Dividends paid
-18.7
-51.6
-56.1
-58.2
-67.6
Cash from financing
168
-81.2
-40.8
25.7
62.6
Net change in cash
-23.3
-4.5
9.47
-2.41
-7.74
Interest paid
10.4
20.6
33.6
35.8
33.8
Income taxes paid
1.32
2.47
2
0.71
6.01
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 $12.22 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
13.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
6.9%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
56.9%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
24.9%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y
-0.7%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
1.7%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y
-0.7%
Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y
32.6%
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
18.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
6.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
12.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
7.6%
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
15.7%
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
3.7%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
0.88x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
45.8%
Total debt / total assets.
Liabilities / assets
48.1%
Total liabilities / total assets.
Net debt
$633.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
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
-$0.71
Cash from operations / diluted weighted shares.
Book value per share
$16.51
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$554.1M
Share price x shares outstanding.
Enterprise value
$1.19B
Market cap + total debt - cash - short-term investments.
P/E
5.59x
Market cap / net income. Only when net income is positive.
P/B
0.74x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.74x
Market cap / tangible book value, when positive.
Earnings yield
17.9%
Net income / market cap (the inverse of P/E).
Dividend yield
12.0%
Dividends paid over the period / market cap.
Shareholder yield
17.0%
(Dividends paid + share buybacks) / market cap.
PEG
3.32x
P/E / EPS growth per year over 3 years (in percent). Only when both are positive.
Was MSC INCOME FUND, INC. profitable in fiscal 2025?
Yes. Net income was $88.7M, 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.