MAIN - Main Street Capital Corporation
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$59.20
DETAILS
HIGH:
$70.00
LOW:
$50.00
MEDIAN:
$58.00
CONSENSUS:
$59.20
UPSIDE:
19.28%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||
| Revenue | 644.5 | 724.7 | 612.5 | 396.5 | 470.0 | 100.6 | 218.1 | 252.7 | 264.5 | 201.2 | 154.1 | 163.2 | 130.3 | 140.5 | 68.9 | 33.6 | 12.1 | 13.7 | 10.3 | 18.7 | 10.2 |
| Cost of Revenue | 0 | 123.4 | 102.6 | 78.3 | 58.8 | 49.6 | 50.3 | 43.5 | 36.5 | 33.6 | 32.1 | 23.6 | 20.2 | 15.6 | 13.5 | 9.1 | (3.9) | 3.8 | 0 | 2.7 | 2.1 |
| Gross Profit | 644.5 | 601.3 | 509.9 | 318.2 | 411.2 | 51.0 | 167.8 | 209.2 | 228.0 | 167.5 | 122.0 | 139.6 | 110.1 | 124.9 | 81.3 | 37.0 | 12.1 | 9.9 | 7.0 | 9.8 | 8.1 |
| Operating Expenses | |||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 73.7 | (3.7) | (4.0) | 3.1 | 2.2 | 5.3 | 5.9 | 5.1 | 5.3 | 4.2 | 4.3 | 5.1 | 4.9 | 2.3 | 13.4 | 1.4 | 1.4 | 1.7 | 1.2 | 0.2 | 0.2 |
| Other Expenses | 50.6 | 66.3 | 62.8 | 50.2 | 45.3 | 29.9 | 31.1 | 29.7 | 27.6 | 25.7 | 22.0 | 27.5 | 8.4 | 7.3 | 8.4 | (5.4) | 0 | (2.1) | (0.7) | 0 | 0 |
| Operating Expenses | 124.3 | 62.5 | 58.8 | 53.3 | 47.5 | 35.2 | 37.0 | 34.8 | 32.9 | 29.9 | 26.3 | 32.6 | 13.3 | 9.6 | 42.0 | 17.7 | 2.9 | 2.2 | 1.2 | 11.1 | 0.2 |
| Operating Income | |||||||||||||||||||||
| Operating Income | 520.2 | 538.7 | 451.1 | 264.9 | 363.6 | 15.8 | 130.8 | 174.4 | 195.1 | 137.7 | 95.8 | 107.0 | 96.8 | 115.3 | 39.3 | 19.3 | 9.2 | 10.3 | 6.5 | 4.9 | 7.9 |
| Interest Expense | 0 | 123.4 | 102.6 | 78.3 | 58.8 | 49.6 | 50.3 | 43.5 | 36.5 | 33.6 | 32.1 | 23.6 | 20.2 | 15.6 | 13.5 | 9.1 | 3.8 | 3.8 | 3.2 | 2.7 | 2.1 |
| Interest Income | 566.4 | 541.0 | 500.4 | 376.9 | 289.0 | 173.7 | 187.4 | 177.1 | 161.9 | 138.9 | 132.3 | 111.2 | 95.9 | 73.7 | 54.7 | 36.5 | 16.0 | 17.3 | 12.5 | 9.8 | 7.6 |
| Profitability | |||||||||||||||||||||
| EBITDA | 526.7 | 538.7 | 451.1 | 264.9 | 363.6 | 15.8 | 130.8 | 174.4 | 195.1 | 137.7 | 95.8 | 107.0 | 96.8 | 115.3 | 41.9 | 36.0 | 9.7 | 10.3 | 6.5 | 4.9 | 7.9 |
| EBIT | 520.2 | 538.7 | 451.1 | 264.9 | 363.6 | 15.8 | 130.8 | 174.4 | 195.1 | 137.7 | 95.8 | 107.0 | 96.8 | 115.3 | (1.5) | 19.3 | 9.7 | 7.8 | 5.8 | 4.9 | 7.9 |
| Income Before Tax | 520.2 | 538.7 | 451.1 | 264.9 | 363.6 | 15.8 | 130.8 | 174.4 | 195.1 | 137.7 | 95.8 | 107.0 | 96.8 | 115.3 | 70.4 | 36.0 | 9.7 | 7.8 | 5.8 | 15.8 | 7.9 |
| Income Tax Expense | 26.8 | 30.6 | 22.6 | 23.3 | 32.9 | (13.5) | 1.2 | 6.2 | 24.5 | (1.2) | (8.7) | 6.3 | (0.0) | 10.8 | 6.3 | 0.9 | (2.3) | (3.2) | 3.3 | 0 | 0 |
| Net Income | 493.4 | 508.1 | 428.4 | 241.6 | 330.8 | 29.4 | 129.6 | 168.2 | 170.6 | 138.9 | 104.4 | 100.7 | 96.9 | 104.4 | 63.0 | 33.9 | 12.0 | 10.9 | 2.5 | 15.8 | 7.9 |
| Per Share Data | |||||||||||||||||||||
| EPS (Basic) | 5.52 | 5.85 | 5.23 | 3.24 | 4.80 | 0.45 | 2.06 | 2.80 | 3.01 | 2.67 | 2.13 | 2.31 | 2.65 | 3.53 | 2.76 | 2.38 | 1.19 | 1.20 | 0.30 | 1.86 | 0.93 |
| EPS (Diluted) | 5.52 | 5.85 | 5.23 | 3.24 | 4.80 | 0.45 | 2.06 | 2.80 | 3.01 | 2.67 | 2.13 | 2.31 | 2.65 | 3.53 | 2.76 | 2.38 | 1.19 | 1.20 | 0.30 | 1.86 | 0.93 |
| Shares Outstanding | 89.4 | 88.6 | 81.9 | 74.5 | 69.0 | 65.7 | 63.0 | 60.2 | 56.7 | 52.0 | 49.1 | 43.5 | 36.6 | 29.5 | 22.9 | 16.3 | 10.0 | 9.1 | 8.6 | 8.5 | 8.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 42.0 | 78.3 | 60.1 | 49.1 | 32.6 | 31.9 | 55.2 | 54.2 | 51.5 | 24.5 | 30.6 | 35.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3 | 4.4 |
| Net Receivables | 107.9 | 98.1 | 89.3 | 0.4 | 35.1 | 49.8 | 50.5 | 1.2 | 2.4 | 2.0 | 1.5 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 390.8 | 0 | 0 | 0 | 0 | (49.8) | 0 | 0 | 0 | 0 | 2.7 | 2.2 |
| Total Current Assets | 540.7 | 176.3 | 149.4 | 49.5 | 67.8 | 31.9 | 105.7 | 55.4 | 53.9 | 26.5 | 38.1 | 42.0 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5,518.1 | 0 | 0 | 0 | 0 | 1,113.7 | 1,032.7 | 1,005.0 | 750.7 | 594.3 | 160.0 | 131.4 |
| Other Non-Current Assets | (345.4) | 4,945.0 | 4,294.1 | 4,192.4 | 3,622.5 | 1,623.7 | 1,573.1 | 1,493.1 | 1,460.8 | 1,442.5 | (1.6) | (2.8) |
| Total Non-Current Assets | 5,172.7 | 4,945.0 | 4,294.1 | 4,192.4 | 3,622.5 | 2,737.4 | 2,605.8 | 2,498.0 | 2,211.5 | 2,045.9 | 158.4 | 128.6 |
| Total Assets | 5,713.4 | 5,121.3 | 4,443.6 | 4,241.9 | 3,690.3 | 2,769.4 | 2,711.5 | 2,553.4 | 2,265.4 | 2,072.4 | 196.5 | 170.6 |
| Current Liabilities | ||||||||||||
| Account Payables | 0 | 45.4 | 37.4 | 34.3 | 35.2 | 22.5 | 20.5 | 46.2 | 57.1 | 16.3 | 1.3 | 1.8 |
| Short-Term Debt | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0.3 |
| Total Current Liabilities | 1.2 | 45.4 | 37.4 | 34.3 | 35.2 | 22.5 | 20.5 | 46.2 | 57.1 | 16.3 | 1.8 | 3.3 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 2,457.6 | 2,122.4 | 1,802.3 | 1,999.1 | 1,796.1 | 1,208.6 | 1,114.0 | 996.1 | 797.2 | 840.3 | 65 | 55 |
| Deferred Tax Liabilities | 109.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 153.0 | 155.7 | 126.4 | 99.9 | 70.2 | 23.4 | 40.7 | 35.0 | 30.7 | 14.2 | 0 | 0 |
| Total Non-Current Liabilities | 2,719.5 | 2,278.1 | 1,928.8 | 2,099.0 | 1,866.2 | 1,232.0 | 1,154.7 | 1,031.1 | 827.9 | 854.5 | 65 | 55 |
| Total Liabilities | 2,719.5 | 2,323.5 | 1,966.2 | 2,133.3 | 1,901.4 | 1,254.6 | 1,175.2 | 1,077.4 | 885.0 | 870.9 | 66.8 | 58.3 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.1 | 0.1 |
| Retained Earnings | 535.3 | 402.5 | 206.0 | 77.3 | 51.8 | (101.8) | 23.3 | 65.5 | 69.0 | 19.0 | 7.3 | 3.7 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.9 | 4.1 |
| Total Stockholders' Equity | 2,993.9 | 2,797.8 | 2,477.4 | 2,108.6 | 1,788.8 | 1,514.8 | 1,536.4 | 1,476.0 | 1,380.4 | 1,201.5 | 129.7 | 112.4 |
| Total Liabilities & Equity | 5,713.4 | 5,121.3 | 4,443.6 | 4,241.9 | 3,690.3 | 2,769.4 | 2,711.5 | 2,553.4 | 2,265.4 | 2,072.4 | 196.5 | 170.6 |
| Debt Metrics | ||||||||||||
| Total Debt | 2,457.6 | 2,122.4 | 1,802.3 | 1,999.1 | 1,796.1 | 1,208.6 | 1,114.0 | 996.1 | 797.2 | 840.3 | 65 | 55 |
| Net Debt | 2,415.6 | 2,044.1 | 1,742.3 | 1,950.0 | 1,763.4 | 1,176.7 | 1,058.8 | 942.0 | 745.6 | 815.9 | 34.4 | 19.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | (54.6) | 508.1 | 428.4 | 241.6 | 330.8 | 29.4 | 129.6 | 168.2 | 170.6 | 138.9 | 7.9 |
| Depreciation & Amortization | 6.5 | 5.2 | 3.3 | (24.8) | (135.6) | 2.5 | 5.8 | (19.3) | (48.8) | 7.5 | 0 |
| Stock-Based Compensation | 21.4 | 18.8 | 16.5 | 13.6 | 10.9 | 10.8 | 10.1 | 9.2 | 10.0 | 8.3 | 0 |
| Change in Working Capital | (2.7) | 0.2 | (4.3) | (10.5) | 28.0 | 8.8 | 4.2 | 0.8 | 12.4 | 2.7 | 0.9 |
| Other Non-Cash Items | 354.0 | (619.3) | (158.7) | (485.0) | (776.6) | (105.6) | (181.1) | (273.8) | (90.6) | (196.8) | (5.8) |
| Operating Cash Flow | 347.4 | (87.1) | 285.3 | (246.9) | (515.4) | (54.1) | (33.8) | (109.1) | 72.9 | (42.7) | 3.0 |
| Investing Activities | |||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,429.1) | 0 | 0 | (1,152.6) | (1,763.8) | 0 | (664.1) | (962.5) | 0 | (0.5) | (19.7) |
| Sales/Maturities of Investments | 1,036.0 | 0 | 0 | 680.0 | 1,054.5 | 0 | 477.9 | 703.2 | 819.4 | 490.6 | 11.6 |
| Other Investing Activities | 0 | 0 | 0 | 1,152.6 | 1,763.8 | 0 | 664.1 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (393.1) | 0 | 0 | 680.0 | 1,054.5 | 0 | 477.9 | 703.2 | 819.4 | 490.1 | (8.2) |
| Financing Activities | |||||||||||
| Net Debt Issuance | 327.3 | 324 | (197) | 202 | 583.0 | 92 | 115 | 196.3 | (38.2) | 66.9 | 34.1 |
| Stock Repurchased | 0 | (7.3) | (6.0) | 0 | 0 | (1.9) | 0 | (4.1) | (4.4) | (2.6) | 0 |
| Dividends Paid | (339.3) | (320.4) | (271.6) | (194.2) | (160.5) | (144.5) | (164.3) | (156.0) | (148.4) | (127.5) | (2.9) |
| Other Financing Activities | (10.3) | 109.0 | 200.2 | (10.0) | (5.3) | 85.1 | (5.1) | (7.0) | (10.2) | 110.1 | (0.6) |
| Financing Cash Flow | 9.4 | 105.3 | (274.4) | 263.4 | 516.1 | 30.8 | 34.9 | 111.7 | (45.9) | 46.9 | 30.7 |
| Cash Position | |||||||||||
| Net Change in Cash | (36.3) | 18.2 | 11.0 | 16.5 | 0.7 | (23.3) | 1.1 | 2.7 | 27.0 | 4.1 | 25.5 |
| Cash at Beginning | 78.3 | 60.1 | 49.1 | 32.6 | 31.9 | 55.2 | 54.2 | 51.5 | 24.5 | 20.3 | 0.8 |
| Cash at End | 42.0 | 78.3 | 60.1 | 49.1 | 32.6 | 31.9 | 55.2 | 54.2 | 51.5 | 24.5 | 26.3 |
| Free Cash Flow | 347.4 | (87.1) | 285.3 | (246.9) | (515.4) | (54.1) | (33.8) | (109.1) | 72.9 | (42.7) | 3.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||
| Revenue | 644.5 | 724.7 | 612.5 | 396.5 | 470.0 | 100.6 | 218.1 | 252.7 | 264.5 | 201.2 | 154.1 | 163.2 | 130.3 | 140.5 | 68.9 | 33.6 | 12.1 | 13.7 | 10.3 | 18.7 | 10.2 |
| Gross Profit | 644.5 | 601.3 | 509.9 | 318.2 | 411.2 | 51.0 | 167.8 | 209.2 | 228.0 | 167.5 | 122.0 | 139.6 | 110.1 | 124.9 | 81.3 | 37.0 | 12.1 | 9.9 | 7.0 | 9.8 | 8.1 |
| Operating Income | 520.2 | 538.7 | 451.1 | 264.9 | 363.6 | 15.8 | 130.8 | 174.4 | 195.1 | 137.7 | 95.8 | 107.0 | 96.8 | 115.3 | 39.3 | 19.3 | 9.2 | 10.3 | 6.5 | 4.9 | 7.9 |
| Net Income | 493.4 | 508.1 | 428.4 | 241.6 | 330.8 | 29.4 | 129.6 | 168.2 | 170.6 | 138.9 | 104.4 | 100.7 | 96.9 | 104.4 | 63.0 | 33.9 | 12.0 | 10.9 | 2.5 | 15.8 | 7.9 |
| EPS (Diluted) | 5.52 | 5.85 | 5.23 | 3.24 | 4.80 | 0.45 | 2.06 | 2.80 | 3.01 | 2.67 | 2.13 | 2.31 | 2.65 | 3.53 | 2.76 | 2.38 | 1.19 | 1.20 | 0.30 | 1.86 | 0.93 |
| Balance Sheet | |||||||||||||||||||||
| Cash & Equivalents | 42.0 | 78.3 | 60.1 | 49.1 | 32.6 | 31.9 | 55.2 | 54.2 | 51.5 | 24.5 | 30.6 | 35.4 | |||||||||
| Total Assets | 5,713.4 | 5,121.3 | 4,443.6 | 4,241.9 | 3,690.3 | 2,769.4 | 2,711.5 | 2,553.4 | 2,265.4 | 2,072.4 | 196.5 | 170.6 | |||||||||
| Total Debt | 2,457.6 | 2,122.4 | 1,802.3 | 1,999.1 | 1,796.1 | 1,208.6 | 1,114.0 | 996.1 | 797.2 | 840.3 | 65 | 55 | |||||||||
| Stockholders' Equity | 2,993.9 | 2,797.8 | 2,477.4 | 2,108.6 | 1,788.8 | 1,514.8 | 1,536.4 | 1,476.0 | 1,380.4 | 1,201.5 | 129.7 | 112.4 | |||||||||
| Cash Flow | |||||||||||||||||||||
| Operating Cash Flow | 347.4 | (87.1) | 285.3 | (246.9) | (515.4) | (54.1) | (33.8) | (109.1) | 72.9 | (42.7) | 3.0 | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Free Cash Flow | 347.4 | (87.1) | 285.3 | (246.9) | (515.4) | (54.1) | (33.8) | (109.1) | 72.9 | (42.7) | 3.0 | ||||||||||