Financial health
- Total debt ($2.5B) exceeds cash ($42M); net debt is $2.4B.
Shareholder returns
- Dividends have been paid for 5 consecutive years, consuming 76.6% of earnings.
- The dividend has grown 22.1% per year over the past 5 years.
MAIN Financials Main Street Capital Corp
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $493M | — | — | — | $2.5B | $42M |
| 2024 | — | $508M | — | — | — | $2.1B | $78M |
| 2023 | — | $428M | — | — | — | $1.8B | $60M |
| 2022 | — | $242M | — | — | — | $2.0B | $49M |
| 2021 | — | $331M | — | — | — | $1.8B | $33M |
| 2020 | — | $29M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | $49M | — | — | — | $2.5B | $21M |
| Dec '25 | — | $131M | — | — | — | $2.5B | $42M |
| Sep '25 | — | $124M | — | — | — | $2.1B | $31M |
| Jun '25 | — | $123M | — | — | — | $2.2B | $87M |
| Mar '25 | — | $116M | — | — | — | $2.3B | $109M |
| Dec '24 | — | $174M | — | — | — | $2.1B | $78M |
| Sep '24 | — | $124M | — | — | — | $2.2B | $84M |
| Jun '24 | — | $103M | — | — | — | $2.2B | $30M |
| Mar '24 | — | $107M | — | — | — | $2.0B | $115M |
| Dec '23 | — | $139M | — | — | — | $1.8B | $60M |
| Sep '23 | — | $103M | — | — | — | $1.9B | $77M |
| Jun '23 | — | $107M | — | — | — | $2.0B | $71M |
| Mar '23 | — | $80M | — | — | — | $2.0B | $40M |
| Dec '22 | — | $106M | — | — | — | $2.0B | $49M |
| Sep '22 | — | $55M | — | — | — | $2.0B | $61M |
| Jun '22 | — | $15M | — | — | — | — | — |
| Mar '22 | — | $65M | — | — | — | — | — |
| Dec '21 | — | $94M | — | — | — | $1.8B | $33M |
| Sep '21 | — | $84M | — | — | — | — | — |
| Jun '21 | — | $95M | — | — | — | — | — |
Valuation over time
How the market has priced MAIN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 15.2× (Mar '23) to 9.5× (Jun '26).
- The dividend yield has risen from 5.2% (Mar '23) to 8.1% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is MAIN growing its revenue and profit?
See the revenue and net-income charts above for Main Street Capital Corp's multi-year trend.
How much debt does MAIN have?
As of FY2025, Main Street Capital Corp reported $2.5B of total debt against $42M of cash.
What is MAIN's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is MAIN's P/E ratio?
As of Jun '26, Main Street Capital Corp traded at a price-to-earnings ratio of about 9.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.