Main Street Capital
Provides customized debt and equity capital alongside sponsor-backed private loans and external asset management.
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Profile
Provides customized long-term debt and equity capital to lower middle market companies, while its Private Loan strategy provides secured debt to sponsor-backed private companies. The internally managed BDC also earns management and performance-linked fees through external asset management.
Provides customized long-term debt and equity capital to lower middle market companies. The Lower Middle Market strategy supports management buyouts, recapitalizations, growth financings, refinancings and acquisitions.
The Private Loan strategy primarily provides secured debt to privately held companies that are owned by, or being acquired by, private-equity funds.
Employees are hired directly under the internally managed BDC structure, which means investment and portfolio-management operating costs are borne internally rather than paid as external advisory fees. External asset management earns management fees and can earn incentive fees or carried interest.
Personnel and infrastructure are shared with the External Investment Manager. Its operating model depends on investment personnel and on underwriting and monitoring privately held portfolio companies.
Company facts
Categories
Key statistics
Year to date −5.2% · Average volume (30d) 553.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Truist Financial | Target | $53 | $57 | |
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $50 | $55 |
| May 22, 2026 | Wells Fargo | Target | $50 | ||
| May 19, 2026 | Truist Financial | Target | $60 | $53 | |
| May 14, 2026 | RBC Capital | Reiterate | Outperform | $66 | $58 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.96 | $0.97 | +1.3% | $144.6M | $149.6M | +3.4% | +3.79% |
| May 7, 2026Q1 FY26 | $1.01 | $0.93 | −7.9% | $145.2M | $140.1M | −3.5% | −4.58% |
| Feb 26, 2026Q4 FY25 | $1.05 | $1.09 | +3.8% | $143.1M | $145.5M | +1.7% | −2.22% |
| Nov 6, 2025Q3 FY25 | $1.04 | $0.97 | −6.7% | $140.5M | $183.7M | +30.8% | +2.71% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $170.7M | $177.4M | $183.7M | $202.9M | $163.5M | $149.6M | |
| Gross profit | $139.5M | $144.9M | $151.2M | $202.9M | $129.5M | $112.9M | |
| Operating income | $123.5M | $126.8M | $133.4M | $136.6M | $89.3M | $93.8M | |
| Net income | $116.1M | $122.5M | $123.7M | $131.1M | $49.0M | $147.6M | |
| Diluted EPS | $1.31 | $1.37 | $1.38 | $1.46 | $0.54 | $1.58 | |
| Gross margin | 81.7% | 81.7% | 82.3% | 100.0% | 79.2% | 75.5% | |
| Operating margin | 72.3% | 71.5% | 72.6% | 67.3% | 54.6% | 62.7% |
Fiscal years (4-quarter sums)FY21 $470.0M · FY22 $396.5M · FY23 $612.5M · FY24 $724.7M · FY25 $734.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $58.3M · Total debt $2.53B · Total assets $5.94B · Shareholders' equity $3.17B
Dividends
Raised for 17 straight years — most recently to $0.265 from $0.26 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 14 | $0.265 | |
| Jul 8, 2026 | Jul 8 | Jul 15 | $0.265 | raised from $0.26 |
| Jun 22, 2026 | Jun 22 | Jun 29 | $0.30 | special dividend |
| Jun 8, 2026 | Jun 8 | Jun 15 | $0.26 | |
| May 8, 2026 | May 8 | May 15 | $0.26 | |
| Apr 8, 2026 | Apr 8 | Apr 15 | $0.26 | |
| Mar 20, 2026 | Mar 20 | Mar 27 | $0.30 | special dividend |
| Mar 6, 2026 | Mar 6 | Mar 13 | $0.26 |
Ownership
Shares outstanding 92.99M · Float 89.24M · 96.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Price T Rowe Associates Inc /MD/ | 3.34M | 3.59% | 13F | Aug 14, 2026 |
| Van Eck Associates Corp | 1.89M | 2.03% | 13F | Aug 14, 2026 |
| Vincent D. Foster · director | 1.71M | 1.84% | Form 4 | Aug 14, 2026 |
| UBS Group AG | 1.39M | 1.49% | 13F | Aug 13, 2026 |
| Legal & General Group PLC | 835.1K | 0.90% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Jesse E. Morris | officer: EVP AND COO | −35,000 | $58.55 |
| Aug 13, 2026 | Ryan McHugh | officer: VP, CAO & Assistant Treasurer | +2,550 | $59.05 |
| Jun 30, 2026 | Jason B. Beauvais | officer: EVP, GC, SECRETARY | −6,830 | $51.73 |
Peers
- Capital Southwest
Lower-middle-market debt-and-equity financing peer
- Ares Capital
Direct lender and investor in private U.S. middle-market companies
- Blackstone Secured Lending Fund
Senior secured direct lender to private U.S. companies
- Blue Owl Capital
Upper-middle-market direct lender with a senior secured focus
- Sixth Street Specialty Lending
Direct-originating lender to U.S. middle-market companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Main Street Capital | $58.45 | −0.18% | $5.44B | 11.8 | 15.4 | 7.8 | −26.1% |
| Capital Southwest | $25.38 | −0.33% | $1.58B | 14.1 | 10.9 | 6.9 | −21.6% |
| Ares Capital | $19.97 | +0.15% | $14.32B | 14.8 | 10.3 | 6.2 | +32.6% |
| Blackstone Secured Lending Fund | $24.83 | +0.35% | $5.76B | 19.6 | 9.5 | 5.4 | +25.9% |
| Blue Owl Capital | $11.37 | +0.64% | $5.61B | 20.2 | 8.8 | 4.0 | −20.8% |
| Sixth Street Specialty Lending | $18.74 | −0.11% | $1.78B | 19.7 | 10.5 | 5.2 | −13.0% |
| Median | 19.6 | 10.3 | 5.4 | −13.0% |