Stocks NMFCZ Financial statements
Financial statementsNew Mountain Finance Corp financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data New Mountain Finance 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 | |
|---|---|---|---|---|---|---|
| Interest expense | 78 | 73.1 | 92.4 | 125 | ||
| Income tax | -0.99 | 0.23 | 9.3 | 1.76 | 2.38 | 0.43 |
| Net income to minority interests | 3.36 | 5.78 | -0.2 | 0.75 | 1.06 | 0.49 |
| Net income | 58.5 | 201 | 74.7 | 135 | 113 | 16.5 |
| EPS, basic | 0.60 | 2.08 | 0.75 | 1.34 | 1.06 | 0.16 |
| EPS, diluted | 0.60 | 1.91 | 0.74 | 1.24 | 1.03 | 0.16 |
| Shares, basic (weighted) | 96.8 | 97 | 100 | 101 | 107 | 106 |
| Shares, diluted (weighted) | 110 | 110 | 115 | 123 | 125 | 121 |
| Dividend per share | 1.24 | 1.20 | 1.22 | 1.49 | 1.37 | 1.28 |
Balance sheet
| FY2020 | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|
| Cash and equivalents | 79 | 58.1 | 71.2 | 70.1 | 80.3 | 80.7 |
| Total assets | 3,296 | 3,355 | 3,159 | 3,247 | 2,903 | |
| Total liabilities | 1,953 | 2,029 | 1,827 | 1,887 | 1,715 | |
| Total debt | 1,907 | 1,981 | 1,785 | 1,837 | 1,671 | |
| Paid-in capital | 1,273 | 1,306 | 1,331 | 1,366 | 1,355 | |
| Retained earnings | -48.8 | 47.5 | 7.52 | -12.3 | -13.6 | -122 |
| Treasury stock | 0 | -52 | ||||
| Shareholders' equity | 1,321 | 1,314 | 1,320 | 1,353 | 1,182 | |
| Minority interests | 21.4 | 11.7 | 11.8 | 5.95 | 6.08 | |
| Total equity | 1,237 | 1,343 | 1,326 | 1,332 | 1,359 | 1,188 |
| Total liabilities and equity | 3,296 | 3,355 | 3,159 | 3,247 | 2,903 | |
| Shares outstanding | 96.8 | 97.9 | 101 | 103 | 108 | 103 |
Cash flow statement
| FY2020 | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|
| Net income | 61.8 | 207 | 74.5 | 136 | 115 | 17 |
| Deferred income tax | -1.01 | 0.11 | 8.47 | 1.34 | 2.11 | 0.41 |
| Cash from operations | 301 | -22.1 | 35 | 333 | 42 | 379 |
| Stock issued | 0 | 12.4 | 40 | 21.2 | 67.7 | 0 |
| Share buybacks | 0 | 0 | -52 | |||
| Dividends paid | -120 | -114 | -121 | -151 | -147 | -136 |
| Cash from financing | -271 | 1.2 | -21.5 | -334 | -31.4 | -379 |
| Net change in cash | 30.4 | -20.9 | 13.5 | -1.16 | 10.6 | 0.25 |
| Interest paid | 72.1 | 61.7 | 81.8 | 116 | 127 | 115 |
| Income taxes paid | 0.11 | 0.07 | 0.9 | 11.6 | 0.15 | -0.3 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Return on equity (ROE) | -4.7% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | -2.0% | Net income / average total assets. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Net income growth, 1y | -85.5% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -39.6% | 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 | -22.4% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | -84.5% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | -40.0% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | -23.2% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 802.4% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 121.2% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 4.7% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | -6.6% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 1.6% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 0.6% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -12.6% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -3.5% | 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 | -10.6% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -4.7% | 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 | -3.5% | 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 | 1.6% | 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 | 1.9% | 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 | 1.31x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 55.7% | Total debt / total assets. |
| Liabilities / assets | 57.2% | Total liabilities / total assets. |
| Net debt | $1.28B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Tangible book value | $1.03B | Shareholders' equity - goodwill - intangible assets. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | -$0.51 | 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 | $6.99 | Cash from operations / diluted weighted shares. |
| Book value per share | $10.89 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $10.89 | Tangible book value / shares outstanding. |
| Cash per share | $0.69 | (Cash + short-term investments) / shares outstanding. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $2.70B | Share price x shares outstanding. |
| Enterprise value | $3.98B | Market cap + total debt - cash - short-term investments. |
| P/B | 2.63x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 2.63x | Market cap / tangible book value, when positive. |
| P/OCF | 4.09x | Market cap / cash from operations, when positive. |
| Earnings yield | -1.8% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 4.5% | Dividends paid over the period / market cap. |
| Shareholder yield | 8.5% | (Dividends paid + share buybacks) / market cap. |
Was New Mountain Finance Corp profitable in fiscal 2025?
Yes. Net income was $16.5M, a net margin of -.