Main Street Capital Corporation
Description
Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth. The firm also provides debt capital to middle market companies for acquisitions, management buyouts, growth financings, recapitalizations, and refinancing. The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. It prefers to invest in air freight and logistics, auto components, building products, chemicals, commercial services, computers, construction and engineering, consumer finance, consumer services, electronic equipment, energy equipment and services, financial services, health care equipment, health care providers, hotels, restaurants, and leisure, internet software and services, IT Services, machinery, oil, gas and consumable fuels, paper and forest products, professional and industrial services, road and rail, software, specialty retail, telecommunication, consumer discretionary, energy, materials, technology, and transportation. The firm typically invests in lower middle market companies ranging between $5 million and $125 million in equity investment with annual revenues between $10 million and $150 million and EBITDA in ranging between $3 million and $20 million. The firm typically prefers to invest in the range of $5 million and $150 million per transaction in debt investment value but holds the ability to lead debt financings up to $250 million and invests between $10 million and $150 million in credit solutions with EBITDA in the range of $5 million and $75 million for credit solutions. The firm's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. It takes 5 percent minority and up to 50 percent majority equity investments. Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas with an additional office in Chojnów, Poland.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 28, 2025 | 1.02 | — | — | — |
| Feb 20, 2025 | 1.02 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 6 |
| Average estimate | — | 1.01 | — | 3.99 |
| Low estimate | — | 0.99 | — | 3.95 |
| High estimate | — | 1.03 | — | 4.03 |
| Last year EPS | — | 1.05 | — | 4.11 |
Growth estimates
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 509.88M | 318.19M | 411.17M | 51.00M | 167.80M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | -4.01M | 3.09M | 2.22M | 5.27M | 5.87M |
| Other operating expenses | — | — | — | 74,000 | 1.24M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 451.09M | 264.93M | 363.63M | 15.84M | 130.81M |
| Tax provision | 22.64M | 23.33M | 32.86M | -13.54M | 1.24M |
| Net income | 428.45M | 241.61M | 330.76M | 29.38M | 129.57M |
| Basic EPS | 5.23 | 3.24 | 4.80 | 0.45 | 2.06 |
| Diluted EPS | 5.23 | 3.24 | 4.80 | 0.45 | 2.06 |
| Basic average shares | 81.92M | 74.48M | 68.96M | 65.71M | 62.96M |
| Diluted average shares | 81.92M | 74.48M | 68.96M | 65.71M | 62.96M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 428.45M | 241.61M | 330.76M | 29.38M | 129.57M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 60.08M | 49.12M | 32.63M | 31.92M | 55.25M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 4.29B | 4.10B | 3.56B | 2.68B | 2.60B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 99.97M | 86.35M | 75.67M | 43.38M | 45.00M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.80B | 2.00B | 1.80B | 1.21B | 1.11B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 848,000 | 784,000 | 707,000 | 677,000 | 643,000 |
| Retained earnings | 206.00M | 77.27M | 51.79M | -101.85M | 23.31M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 2.48B | 2.11B | 1.79B | 1.51B | 1.54B |
| Additional paid in capital | 2.27B | 2.03B | 1.74B | 1.62B | 1.51B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||
| Net Income | 428.45M | 241.61M | 330.76M | 29.38M | 129.57M | 168.21M | 170.62M | 138.90M | 104.44M | 100.75M | 96.86M | 104.44M | 64.11M | 39.97M | 11.96M | 10.93M | 2.54M | 15.82M | 7.89M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | 5.73M | 674,980 | -1.59M | -4.15M | 3.03M | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | 2.05M | 1.49M | 1.07M | 511,452 | — | — | — |
| Other Non-Cash Items | 5.50M | 15.85M | 17.82M | -18.77M | -5.59M | 1.26M | 10.18M | -9.14M | -15.40M | -5.95M | -13.78M | -5.23M | -719,000 | -6.97M | -1.47M | -4.49M | 2.42M | -1.44M | -1.27M |
| Accounts Receivable | -8.53M | -28.19M | -5.50M | 4.60M | -6.68M | -2.28M | 2.08M | -2.56M | -3.22M | -6.69M | 87,000 | 2.68M | -2.16M | -1.71M | -359,312 | 115,533 | -407,347 | -93,480 | -182,324 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | 995,950 | 343,024 | -935,595 | 828,098 | 394,510 | 76,543 | — |
| Other Assets & Liabilities | 3.80M | 3.83M | 6.97M | 2.87M | 2.17M | 3.65M | 2.47M | 2.59M | 1.77M | 2.43M | 3.51M | 2.48M | 4.20M | 2.07M | -1.47M | 2.06M | -1.29M | 1.33M | 539,422 |
| Operating Cash Flow | 429.21M | 233.10M | 350.05M | 18.08M | 119.47M | 170.84M | 185.36M | 129.79M | 87.59M | 90.54M | 86.67M | 104.37M | 74.20M | 35.87M | 7.20M | 5.81M | 6.69M | 15.70M | 6.97M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | -654.16M | -392.36M | -258.25M | -110.60M | -51.92M | -53.54M | -28.09M | -19.73M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | 469.63M | 171.90M | 79.75M | 84.63M | 48.39M | 15.55M | 17.22M | 11.56M |
| Investing Cash Flow | — | — | — | — | — | — | — | — | — | — | — | -184.53M | -220.46M | -176.02M | -25.96M | -3.52M | -37.99M | -10.87M | -8.17M |
| Financing Activities | |||||||||||||||||||
| Long-Term Debt Issuance | 526.00M | 1.13B | 1.68B | 564.00M | 964.00M | 686.00M | 714.00M | 405.00M | 534.00M | 690.80M | 591.00M | 332.00M | 260.00M | 120.65M | 10.00M | — | 10.20M | 355,089 | 34.12M |
| Long-Term Debt Payments | -723.00M | -930.00M | -1.09B | -472.00M | -849.00M | -489.66M | -752.20M | -338.08M | -461.00M | -510.00M | -419.91M | -302.00M | -152.00M | -36.65M | — | — | -522,587 | -50,000 | — |
| Other Financing Charges | -5.95M | -4.94M | -5.30M | -1.89M | -3.94M | -4.08M | -4.35M | -2.59M | -85,000 | -1.55M | -1.19M | -1.30M | -1.54M | -15,000 | 400,000 | -400,000 | — | — | — |
| Financing Cash Flow | -270.87M | 268.50M | 524.25M | 30.03M | 36.05M | 114.61M | -44.34M | 48.84M | 92.55M | 223.01M | 218.18M | 157.63M | 270.95M | 190.13M | 13.16M | -13.51M | 60.71M | -5.87M | 31.24M |
| Other Cash Details | |||||||||||||||||||
| End Cash Position | 60.08M | 49.12M | 32.63M | 31.92M | 55.25M | 54.18M | 51.53M | 24.48M | 20.33M | 60.43M | 34.70M | 63.52M | 42.65M | 22.33M | 30.62M | 35.37M | 41.89M | 13.77M | 26.26M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 285.32M | -246.94M | -515.37M | -54.08M | -33.83M | -109.07M | 72.90M | -42.73M | -131.39M | -190.92M | -240.71M | -135.66M | -183.31M | 16.60M | 8.04M | 10.91M | 5.40M | 4.24M | 2.97M |
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