MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MAIN • US56035L1044

63.8 USD
-0.78 (-1.21%)
At close: Jan 30, 2026
63.8 USD
0 (0%)
After Hours: 1/30/2026, 6:06:35 PM
Fundamental Rating

5

Overall MAIN gets a fundamental rating of 5 out of 10. We evaluated MAIN against 237 industry peers in the Capital Markets industry. MAIN has an excellent profitability rating, but there are some minor concerns on its financial health. MAIN is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year MAIN was profitable.
  • In the past year MAIN had a positive cash flow from operations.
  • Each year in the past 5 years MAIN has been profitable.
  • MAIN had negative operating cash flow in 4 of the past 5 years.
MAIN Yearly Net Income VS EBIT VS OCF VS FCFMAIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M

1.2 Ratios

  • The Return On Assets of MAIN (10.16%) is better than 83.97% of its industry peers.
  • MAIN's Return On Equity of 18.28% is amongst the best of the industry. MAIN outperforms 83.97% of its industry peers.
  • MAIN's Return On Invested Capital of 5.54% is fine compared to the rest of the industry. MAIN outperforms 70.89% of its industry peers.
  • MAIN had an Average Return On Invested Capital over the past 3 years of 5.48%. This is in line with the industry average of 7.27%.
  • The 3 year average ROIC (5.48%) for MAIN is below the current ROIC(5.54%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.16%
ROE 18.28%
ROIC 5.54%
ROA(3y)8.42%
ROA(5y)7.06%
ROE(3y)15.64%
ROE(5y)13.47%
ROIC(3y)5.48%
ROIC(5y)4.88%
MAIN Yearly ROA, ROE, ROICMAIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • MAIN has a better Profit Margin (95.59%) than 96.62% of its industry peers.
  • MAIN's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 64.67%, MAIN belongs to the top of the industry, outperforming 97.47% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
  • MAIN has a better Gross Margin (76.81%) than 83.12% of its industry peers.
  • MAIN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.67%
PM (TTM) 95.59%
GM 76.81%
OM growth 3Y1.25%
OM growth 5Y0.3%
PM growth 3Y-6.38%
PM growth 5Y12.02%
GM growth 3Y-1.04%
GM growth 5Y-0.55%
MAIN Yearly Profit, Operating, Gross MarginsMAIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

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4

2. Health

2.1 Basic Checks

  • The number of shares outstanding for MAIN has been increased compared to 1 year ago.
  • The number of shares outstanding for MAIN has been increased compared to 5 years ago.
  • The debt/assets ratio for MAIN is higher compared to a year ago.
MAIN Yearly Shares OutstandingMAIN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
MAIN Yearly Total Debt VS Total AssetsMAIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • MAIN has an Altman-Z score of 1.94. This is not the best score and indicates that MAIN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • MAIN has a Altman-Z score of 1.94. This is in the better half of the industry: MAIN outperforms 68.35% of its industry peers.
  • The Debt to FCF ratio of MAIN is 6.77, which is on the high side as it means it would take MAIN, 6.77 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 6.77, MAIN is doing good in the industry, outperforming 65.40% of the companies in the same industry.
  • MAIN has a Debt/Equity ratio of 0.73. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
  • MAIN has a Debt to Equity ratio of 0.73. This is comparable to the rest of the industry: MAIN outperforms 56.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 6.77
Altman-Z 1.94
ROIC/WACCN/A
WACCN/A
MAIN Yearly LT Debt VS Equity VS FCFMAIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 1.17 indicates that MAIN should not have too much problems paying its short term obligations.
  • The Current ratio of MAIN (1.17) is comparable to the rest of the industry.
  • MAIN has a Quick Ratio of 1.17. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of MAIN (1.17) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
MAIN Yearly Current Assets VS Current LiabilitesMAIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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3

3. Growth

3.1 Past

  • MAIN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.39%.
  • MAIN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.20% yearly.
  • MAIN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.92%.
  • MAIN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.32% yearly.
EPS 1Y (TTM)-3.39%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-3%
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%2.2%

3.2 Future

  • MAIN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.38% yearly.
  • Based on estimates for the next years, MAIN will show a decrease in Revenue. The Revenue will decrease by -0.66% on average per year.
EPS Next Y-1.5%
EPS Next 2Y-1.19%
EPS Next 3Y-0.38%
EPS Next 5YN/A
Revenue Next Year3.46%
Revenue Next 2Y2.82%
Revenue Next 3Y-0.66%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MAIN Yearly Revenue VS EstimatesMAIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
MAIN Yearly EPS VS EstimatesMAIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

  • MAIN is valuated correctly with a Price/Earnings ratio of 15.99.
  • Compared to the rest of the industry, the Price/Earnings ratio of MAIN is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 28.30. MAIN is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 16.02, MAIN is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MAIN is on the same level as its industry peers.
  • MAIN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
Industry RankSector Rank
PE 15.99
Fwd PE 16.02
MAIN Price Earnings VS Forward Price EarningsMAIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAIN indicates a somewhat cheap valuation: MAIN is cheaper than 64.98% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 17.99
EV/EBITDA N/A
MAIN Per share dataMAIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The excellent profitability rating of MAIN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.57
EPS Next 2Y-1.19%
EPS Next 3Y-0.38%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.86%, MAIN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.88, MAIN has a dividend in line with its industry peers.
  • MAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.86%

5.2 History

  • On average, the dividend of MAIN grows each year by 7.16%, which is quite nice.
  • MAIN has paid a dividend for at least 10 years, which is a reliable track record.
  • MAIN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.16%
Div Incr Years4
Div Non Decr Years4
MAIN Yearly Dividends per shareMAIN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 62.65% of the earnings are spent on dividend by MAIN. This is not a sustainable payout ratio.
  • MAIN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP62.65%
EPS Next 2Y-1.19%
EPS Next 3Y-0.38%
MAIN Yearly Income VS Free CF VS DividendMAIN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M
MAIN Dividend Payout.MAIN Dividend Payout, showing the Payout Ratio.MAIN Dividend Payout.PayoutRetained Earnings

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MAIN STREET CAPITAL CORP / MAIN FAQ

Can you provide the ChartMill fundamental rating for MAIN STREET CAPITAL CORP?

ChartMill assigns a fundamental rating of 5 / 10 to MAIN.


What is the valuation status of MAIN STREET CAPITAL CORP (MAIN) stock?

ChartMill assigns a valuation rating of 4 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Fairly Valued.


Can you provide the profitability details for MAIN STREET CAPITAL CORP?

MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for MAIN stock?

The Earnings per Share (EPS) of MAIN STREET CAPITAL CORP (MAIN) is expected to decline by -1.5% in the next year.


Can you provide the dividend sustainability for MAIN stock?

The dividend rating of MAIN STREET CAPITAL CORP (MAIN) is 6 / 10 and the dividend payout ratio is 62.65%.