MAIN STREET CAPITAL CORP (MAIN) Fundamental Analysis & Valuation

NYSE:MAIN • US56035L1044

57.37 USD

-0.93 (-1.6%)

At close: Mar 6, 2026

57.54 USD

+0.17 (+0.3%)

After Hours: 3/6/2026, 8:04:00 PM

Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MAIN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to MAIN. MAIN was compared to 241 industry peers in the Capital Markets industry. MAIN has an excellent profitability rating, but there are concerns on its financial health. MAIN is valied quite expensively at the moment, while it does show a decent growth rate.

Quickly go to:

1. Profitability 2. Health 3. Growth 4. Valuation 5. Dividend

1. MAIN Profitability Analysis

1.1 Basic Checks

MAIN had positive earnings in the past year.
MAIN had a negative operating cash flow in the past year.
MAIN had positive earnings in each of the past 5 years.
In the past 5 years MAIN reported 4 times negative operating cash flow.

1.2 Ratios

MAIN has a Return On Assets of 8.68%. This is amongst the best in the industry. MAIN outperforms 80.67% of its industry peers.
The Return On Equity of MAIN (16.48%) is better than 78.57% of its industry peers.
With a decent Return On Invested Capital value of 5.21%, MAIN is doing good in the industry, outperforming 69.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MAIN is in line with the industry average of 7.26%.

		Industry Rank	Sector Rank
ROA	8.68%
ROE	16.48%
ROIC	5.21%

ROA(3y)9.42%

ROA(5y)8.58%

ROE(3y)17.31%

ROE(5y)16.38%

ROIC(3y)5.66%

ROIC(5y)5.13%

1.3 Margins

MAIN has a better Profit Margin (87.11%) than 95.38% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a Operating Margin of 64.75%. This is amongst the best in the industry. MAIN outperforms 97.48% of its industry peers.
In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
Looking at the Gross Margin, with a value of 77.40%, MAIN belongs to the top of the industry, outperforming 84.03% of the companies in the same industry.
MAIN's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	64.75%
PM (TTM)	87.11%
GM	77.4%

OM growth 3Y-0.17%

OM growth 5Y0.89%

PM growth 3Y10.77%

PM growth 5Y45.83%

GM growth 3Y-0.77%

GM growth 5Y-0.08%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. MAIN Health Analysis

2.1 Basic Checks

MAIN has more shares outstanding than it did 1 year ago.
MAIN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MAIN is higher compared to a year ago.

2.2 Solvency

MAIN has an Altman-Z score of 1.62. This is a bad value and indicates that MAIN is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.62, MAIN is doing good in the industry, outperforming 65.97% of the companies in the same industry.
MAIN has a Debt/Equity ratio of 0.82. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
The Debt to Equity ratio of MAIN (0.82) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.82
Debt/FCF	N/A
Altman-Z	1.62

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

MAIN has a Current Ratio of 1.24. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
MAIN has a Current ratio of 1.24. This is comparable to the rest of the industry: MAIN outperforms 53.36% of its industry peers.
A Quick Ratio of 1.24 indicates that MAIN should not have too much problems paying its short term obligations.
MAIN has a Quick ratio of 1.24. This is comparable to the rest of the industry: MAIN outperforms 57.56% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.24
Quick Ratio	1.24

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. MAIN Growth Analysis

3.1 Past

MAIN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.47%.
Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.87% on average per year.
Looking at the last year, MAIN shows a small growth in Revenue. The Revenue has grown by 4.69% in the last year.
Measured over the past years, MAIN shows a very strong growth in Revenue. The Revenue has been growing by 20.54% on average per year.

EPS 1Y (TTM)-1.47%

EPS 3Y6.91%

EPS 5Y13.87%

EPS Q2Q%2.94%

Revenue 1Y (TTM)4.69%

Revenue growth 3Y14.54%

Revenue growth 5Y20.54%

Sales Q2Q%3.63%

3.2 Future

The Earnings Per Share is expected to grow by 2.62% on average over the next years.
Based on estimates for the next years, MAIN will show a small growth in Revenue. The Revenue will grow by 4.05% on average per year.

EPS Next Y0.58%

EPS Next 2Y2.62%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year2.78%

Revenue Next 2Y4.05%

Revenue Next 3YN/A

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.

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4. MAIN Valuation Analysis

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.27, MAIN is valued correctly.
MAIN's Price/Earnings ratio is in line with the industry average.
MAIN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.19 indicates a correct valuation of MAIN.
MAIN's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, MAIN is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	14.27
Fwd PE	14.19

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MAIN does not grow enough to justify the current Price/Earnings ratio.
MAIN has a very decent profitability rating, which may justify a higher PE ratio.

PEG (NY)24.64

PEG (5Y)1.03

EPS Next 2Y2.62%

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. MAIN Dividend Analysis

5.1 Amount

MAIN has a Yearly Dividend Yield of 5.35%, which is a nice return.
Compared to an average industry Dividend Yield of 6.46, 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 Rank	Sector Rank
Dividend Yield	5.35%

5.2 History

On average, the dividend of MAIN grows each year by 11.69%, which is quite nice.
MAIN has been paying a dividend for at least 10 years, so it has a reliable track record.
MAIN has not decreased its dividend in the last 3 years.

Dividend Growth(5Y)11.69%

Div Incr Years4

Div Non Decr Years4

5.3 Sustainability

MAIN pays out 68.76% of its income as dividend. This is not a sustainable payout ratio.
MAIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.

DP68.76%

EPS Next 2Y2.62%

EPS Next 3YN/A

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MAIN Fundamentals: All Metrics, Ratios and Statistics

MAIN STREET CAPITAL CORP

NYSE:MAIN (3/6/2026, 8:04:00 PM)

After market: 57.54 +0.17 (+0.3%)

57.37

-0.93 (-1.6%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupFinancial Services

GICS IndustryCapital Markets

Earnings (Last)02-26 2026-02-26/amc

Earnings (Next)05-01 2026-05-01

Inst Owners23.43%

Inst Owner Change9.41%

Ins Owners1.59%

Ins Owner Change0%

Market Cap5.17B

Revenue(TTM)566.39M

Net Income(TTM)493.40M

Analysts72.86

Price Target64.7 (12.78%)

Short Float %7.67%

Short Ratio10.99

Dividend

		Industry Rank	Sector Rank
Dividend Yield	5.35%

Yearly Dividend3.81

Dividend Growth(5Y)11.69%

DP68.76%

Div Incr Years4

Div Non Decr Years4

Ex-Date06-08 2026-06-08 (0.26)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)0.71%

Min EPS beat(2)-2.92%

Max EPS beat(2)4.33%

EPS beat(4)1

Avg EPS beat(4)-0.43%

Min EPS beat(4)-2.92%

Max EPS beat(4)4.33%

EPS beat(8)1

Avg EPS beat(8)-1.44%

EPS beat(12)4

Avg EPS beat(12)-0.48%

EPS beat(16)8

Avg EPS beat(16)0.96%

Revenue beat(2)1

Avg Revenue beat(2)-0.54%

Min Revenue beat(2)-1.99%

Max Revenue beat(2)0.9%

Revenue beat(4)2

Avg Revenue beat(4)-0.1%

Min Revenue beat(4)-2.19%

Max Revenue beat(4)2.86%

Revenue beat(8)3

Avg Revenue beat(8)-0.86%

Revenue beat(12)6

Avg Revenue beat(12)-0.2%

Revenue beat(16)9

Avg Revenue beat(16)0.62%

PT rev (1m)2.07%

PT rev (3m)4.55%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-0.34%

EPS NY rev (1m)0%

EPS NY rev (3m)-0.98%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-0.57%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.28%

Valuation

		Industry Rank	Sector Rank
PE	14.27
Fwd PE	14.19
P/S	9.13
P/FCF	N/A
P/OCF	N/A
P/B	1.73
P/tB	1.73
EV/EBITDA	N/A

EPS(TTM)4.02

EY7.01%

EPS(NY)4.04

Fwd EY7.05%

FCF(TTM)-0.51

FCFYN/A

OCF(TTM)-0.51

OCFYN/A

SpS6.29

BVpS33.23

TBVpS33.23

PEG (NY)24.64

PEG (5Y)1.03

Graham Number54.82

Profitability

		Industry Rank	Sector Rank
ROA	8.68%
ROE	16.48%
ROCE	6.6%
ROIC	5.21%
ROICexc	5.25%
ROICexgc	5.25%
OM	64.75%
PM (TTM)	87.11%
GM	77.4%
FCFM	N/A

ROA(3y)9.42%

ROA(5y)8.58%

ROE(3y)17.31%

ROE(5y)16.38%

ROIC(3y)5.66%

ROIC(5y)5.13%

ROICexc(3y)5.73%

ROICexc(5y)5.19%

ROICexgc(3y)5.73%

ROICexgc(5y)5.19%

ROCE(3y)7.16%

ROCE(5y)6.49%

ROICexgc growth 3Y3.62%

ROICexgc growth 5Y5.36%

ROICexc growth 3Y3.62%

ROICexc growth 5Y5.36%

OM growth 3Y-0.17%

OM growth 5Y0.89%

PM growth 3Y10.77%

PM growth 5Y45.83%

GM growth 3Y-0.77%

GM growth 5Y-0.08%

F-Score2

Asset Turnover0.1

Health

		Industry Rank	Sector Rank
Debt/Equity	0.82
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	3.2
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.24
Quick Ratio	1.24
Altman-Z	1.62

F-Score2

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-1.47%

EPS 3Y6.91%

EPS 5Y13.87%

EPS Q2Q%2.94%

EPS Next Y0.58%

EPS Next 2Y2.62%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)4.69%

Revenue growth 3Y14.54%

Revenue growth 5Y20.54%

Sales Q2Q%3.63%

Revenue Next Year2.78%

Revenue Next 2Y4.05%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y3.26%

EBIT growth 3Y14.35%

EBIT growth 5Y21.61%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y47.54%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y47.54%

OCF growth 3YN/A

OCF growth 5YN/A

MAIN STREET CAPITAL CORP / MAIN FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to MAIN.

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

ChartMill assigns a valuation rating of 3 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Overvalued.

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

MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 7 / 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 grow by 0.58% 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 68.76%.