MAIN Fundamental Analysis - MAIN STREET CAPITAL CORP

Fundamental Rating

Overall MAIN gets a fundamental rating of 5 out of 10. We evaluated MAIN against 236 industry peers in the Capital Markets industry. While MAIN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MAIN is valued correctly, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year MAIN was profitable.

MAIN had a positive operating cash flow in the past year.

In the past 5 years MAIN has always been profitable.

In the past 5 years MAIN reported 4 times negative operating cash flow.

1.2 Ratios

MAIN has a Return On Assets of 10.15%. This is amongst the best in the industry. MAIN outperforms 88.56% of its industry peers.

MAIN's Return On Equity of 18.61% is amongst the best of the industry. MAIN outperforms 84.75% of its industry peers.

MAIN has a better Return On Invested Capital (5.50%) than 69.07% of its industry peers.

MAIN had an Average Return On Invested Capital over the past 3 years of 5.48%. This is below the industry average of 7.56%.

The last Return On Invested Capital (5.50%) for MAIN is above the 3 year average (5.48%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	10.15%
ROE	18.61%
ROIC	5.5%

ROA(3y)8.42%

ROA(5y)7.06%

ROE(3y)15.64%

ROE(5y)13.47%

ROIC(3y)5.48%

ROIC(5y)4.88%

1.3 Margins

MAIN has a Profit Margin of 96.16%. This is amongst the best in the industry. MAIN outperforms 99.15% of its industry peers.

In the last couple of years the Profit Margin of MAIN has grown nicely.

With an excellent Operating Margin value of 64.75%, MAIN belongs to the best of the industry, outperforming 97.46% 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.

With an excellent Gross Margin value of 76.50%, MAIN belongs to the best of the industry, outperforming 83.05% of the companies in the same industry.

In the last couple of years the Gross Margin of MAIN has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	64.75%
PM (TTM)	96.16%
GM	76.5%

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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

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.

MAIN has a worse debt/assets ratio than last year.

2.2 Solvency

MAIN has an Altman-Z score of 1.76. This is a bad value and indicates that MAIN is not financially healthy and even has some risk of bankruptcy.

MAIN's Altman-Z score of 1.76 is fine compared to the rest of the industry. MAIN outperforms 68.64% of its industry peers.

MAIN has a debt to FCF ratio of 7.39. This is a slightly negative value and a sign of low solvency as MAIN would need 7.39 years to pay back of all of its debts.

Looking at the Debt to FCF ratio, with a value of 7.39, MAIN is in the better half of the industry, outperforming 61.44% of the companies in the same industry.

A Debt/Equity ratio of 0.77 indicates that MAIN is somewhat dependend on debt financing.

MAIN's Debt to Equity ratio of 0.77 is in line compared to the rest of the industry. MAIN outperforms 57.63% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.77
Debt/FCF	7.39
Altman-Z	1.76

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 1.86 indicates that MAIN should not have too much problems paying its short term obligations.

MAIN has a Current ratio of 1.86. This is in the better half of the industry: MAIN outperforms 69.49% of its industry peers.

A Quick Ratio of 1.86 indicates that MAIN should not have too much problems paying its short term obligations.

The Quick ratio of MAIN (1.86) is better than 69.92% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.86
Quick Ratio	1.86

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for MAIN have decreased by -2.43% in the last year.

Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.20% on average per year.

Looking at the last year, MAIN shows a quite strong growth in Revenue. The Revenue has grown by 8.14% in the last year.

Measured over the past years, MAIN shows a quite strong growth in Revenue. The Revenue has been growing by 17.32% on average per year.

EPS 1Y (TTM)-2.43%

EPS 3Y15.62%

EPS 5Y10.2%

EPS Q2Q%-1.98%

Revenue 1Y (TTM)8.14%

Revenue growth 3Y23.25%

Revenue growth 5Y17.32%

Sales Q2Q%8.94%

3.2 Future

Based on estimates for the next years, MAIN will show a decrease in Earnings Per Share. The EPS will decrease by -0.84% on average per year.

The Revenue is expected to decrease by -3.72% on average over the next years.

EPS Next Y0.41%

EPS Next 2Y-0.5%

EPS Next 3Y-0.84%

EPS Next 5YN/A

Revenue Next Year3.89%

Revenue Next 2Y3.68%

Revenue Next 3Y-3.72%

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.

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 14.33 indicates a correct valuation of MAIN.

The rest of the industry has a similar Price/Earnings ratio as MAIN.

The average S&P500 Price/Earnings ratio is at 27.57. MAIN is valued slightly cheaper when compared to this.

Based on the Price/Forward Earnings ratio of 14.26, the valuation of MAIN can be described as correct.

Compared to the rest of the industry, the Price/Forward Earnings ratio of MAIN is on the same level as its industry peers.

When comparing the Price/Forward Earnings ratio of MAIN to the average of the S&P500 Index (23.09), we can say MAIN is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	14.33
Fwd PE	14.26

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, MAIN is valued a bit cheaper than the industry average as 61.02% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	17.17
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)35.18

PEG (5Y)1.4

EPS Next 2Y-0.5%

EPS Next 3Y-0.84%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.35%, MAIN is a good candidate for dividend investing.

Compared to an average industry Dividend Yield of 8.46, MAIN has a dividend in line with its industry peers.

Compared to an average S&P500 Dividend Yield of 2.32, MAIN pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	5.35%

5.2 History

The dividend of MAIN is nicely growing with an annual growth rate of 7.16%!

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)7.16%

Div Incr Years4

Div Non Decr Years4

5.3 Sustainability

MAIN pays out 61.74% of its income as dividend. This is not a sustainable payout ratio.

The Dividend Rate of MAIN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.

DP61.74%

EPS Next 2Y-0.5%

EPS Next 3Y-0.84%

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Find the best dividend stocks

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MAIN STREET CAPITAL CORP

NYSE:MAIN (10/22/2025, 8:04:00 PM)

Premarket: 57.6 +0.01 (+0.02%)

57.59

-0.37 (-0.64%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupFinancial Services

GICS IndustryCapital Markets

Earnings (Last)08-07 2025-08-07/amc

Earnings (Next)11-06 2025-11-06/amc

Inst Owners23.95%

Inst Owner Change0.08%

Ins Owners1.59%

Ins Owner Change-1.25%

Market Cap5.15B

Revenue(TTM)558.28M

Net Income(TTM)536.85M

Analysts72.31

Price Target63.24 (9.81%)

Short Float %5.81%

Short Ratio9.25

Dividend

		Industry Rank	Sector Rank
Dividend Yield	5.35%

Yearly Dividend3.7

Dividend Growth(5Y)7.16%

DP61.74%

Div Incr Years4

Div Non Decr Years4

Ex-Date12-08 2025-12-08 (0.255)

Surprises & Revisions

EPS beat(2)0

Avg EPS beat(2)-1.56%

Min EPS beat(2)-1.58%

Max EPS beat(2)-1.55%

EPS beat(4)0

Avg EPS beat(4)-2.58%

Min EPS beat(4)-3.91%

Max EPS beat(4)-1.55%

EPS beat(8)1

Avg EPS beat(8)-1.74%

EPS beat(12)5

Avg EPS beat(12)0.68%

EPS beat(16)9

Avg EPS beat(16)2.3%

Revenue beat(2)1

Avg Revenue beat(2)0.34%

Min Revenue beat(2)-2.19%

Max Revenue beat(2)2.86%

Revenue beat(4)1

Avg Revenue beat(4)-1.36%

Min Revenue beat(4)-3.15%

Max Revenue beat(4)2.86%

Revenue beat(8)3

Avg Revenue beat(8)-0.92%

Revenue beat(12)7

Avg Revenue beat(12)1.06%

Revenue beat(16)10

Avg Revenue beat(16)2.04%

PT rev (1m)0%

PT rev (3m)10.22%

EPS NQ rev (1m)0%

EPS NQ rev (3m)0.75%

EPS NY rev (1m)-0.64%

EPS NY rev (3m)1.58%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)1.93%

Revenue NY rev (1m)0%

Revenue NY rev (3m)2.33%

Valuation

		Industry Rank	Sector Rank
PE	14.33
Fwd PE	14.26
P/S	9.23
P/FCF	17.17
P/OCF	17.17
P/B	1.79
P/tB	1.79
EV/EBITDA	N/A

EPS(TTM)4.02

EY6.98%

EPS(NY)4.04

Fwd EY7.01%

FCF(TTM)3.35

FCFY5.83%

OCF(TTM)3.35

OCFY5.83%

SpS6.24

BVpS32.25

TBVpS32.25

PEG (NY)35.18

PEG (5Y)1.4

Graham Number54.01

Profitability

		Industry Rank	Sector Rank
ROA	10.15%
ROE	18.61%
ROCE	6.96%
ROIC	5.5%
ROICexc	5.59%
ROICexgc	5.59%
OM	64.75%
PM (TTM)	96.16%
GM	76.5%
FCFM	53.74%

ROA(3y)8.42%

ROA(5y)7.06%

ROE(3y)15.64%

ROE(5y)13.47%

ROIC(3y)5.48%

ROIC(5y)4.88%

ROICexc(3y)5.55%

ROICexc(5y)4.95%

ROICexgc(3y)5.55%

ROICexgc(5y)4.95%

ROCE(3y)6.93%

ROCE(5y)6.18%

ROICexgc growth 3Y12.2%

ROICexgc growth 5Y3.63%

ROICexc growth 3Y12.2%

ROICexc growth 5Y3.63%

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%

F-Score5

Asset Turnover0.11

Health

		Industry Rank	Sector Rank
Debt/Equity	0.77
Debt/FCF	7.39
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	2.81
Cash Conversion	N/A
Profit Quality	55.88%
Current Ratio	1.86
Quick Ratio	1.86
Altman-Z	1.76

F-Score5

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)-2.43%

EPS 3Y15.62%

EPS 5Y10.2%

EPS Q2Q%-1.98%

EPS Next Y0.41%

EPS Next 2Y-0.5%

EPS Next 3Y-0.84%

EPS Next 5YN/A

Revenue 1Y (TTM)8.14%

Revenue growth 3Y23.25%

Revenue growth 5Y17.32%

Sales Q2Q%8.94%

Revenue Next Year3.89%

Revenue Next 2Y3.68%

Revenue Next 3Y-3.72%

Revenue Next 5YN/A

EBIT growth 1Y3.54%

EBIT growth 3Y24.79%

EBIT growth 5Y17.67%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y287.74%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y287.74%

OCF growth 3YN/A

OCF growth 5YN/A

MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens