Financial health
- Total debt ($2.0B) exceeds cash ($98M); net debt is $1.9B.
Shareholder returns
- Dividends have been paid for 4 consecutive years, consuming 224.1% of earnings.
- The dividend has grown 14.9% per year over the past 3 years.
MFICL Financials MidCap Financial Investment Corp
4 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 | — | $63M | — | — | — | $2.0B | $98M |
| 2024 | — | $99M | — | — | — | $1.8B | $74M |
| 2023 | — | $119M | — | — | — | $1.8B | $94M |
| 2022 | — | $82M | — | — | — | $1.6B | $30M |
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 | — | -$27M | — | — | — | $1.9B | $43M |
| Dec '25 | — | -$13M | — | — | — | $2.0B | $98M |
| Sep '25 | — | $27M | — | — | — | $1.9B | $63M |
| Jun '25 | — | $18M | — | — | — | $2.1B | $69M |
| Mar '25 | — | $30M | — | — | — | $1.9B | $84M |
| Dec '24 | — | $24M | — | — | — | $1.8B | $74M |
| Sep '24 | — | $27M | — | — | — | $1.8B | $84M |
| Jun '24 | — | $23M | — | — | — | $1.5B | $66M |
| Mar '24 | — | $25M | — | — | — | $1.4B | $50M |
| Dec '23 | — | $33M | — | — | — | $1.8B | $94M |
| Sep '23 | — | $30M | — | — | — | $1.4B | $43M |
| Jun '23 | — | $25M | — | — | — | $1.5B | $49M |
| Mar '23 | — | $30M | — | — | — | $1.5B | $70M |
| Dec '22 | — | $1M | — | — | — | $1.5B | $85M |
| Sep '22 | — | $16M | — | — | — | $1.5B | $60M |
| Jun '22 | — | $6M | — | — | — | — | — |
| Mar '22 | — | $4M | — | — | — | $1.6B | $30M |
| Dec '21 | — | $21M | — | — | — | — | — |
| Sep '21 | — | $25M | — | — | — | — | — |
| Jun '21 | — | $32M | — | — | — | — | — |
Valuation over time
How the market has priced MFICL against its own fundamentals since 2023-12 — 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 risen from 28.9× (Dec '23) to 37.6× (Jun '26).
- The dividend yield has risen from 3.9% (Dec '23) to 6.0% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is MFICL growing its revenue and profit?
See the revenue and net-income charts above for MidCap Financial Investment Corp's multi-year trend.
How much debt does MFICL have?
As of FY2025, MidCap Financial Investment Corp reported $2.0B of total debt against $98M of cash.
What is MFICL's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is MFICL's P/E ratio?
As of Jun '26, MidCap Financial Investment Corp traded at a price-to-earnings ratio of about 37.6× (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.