Financial health
- Total debt ($1.7B) exceeds cash ($81M); net debt is $1.6B.
Shareholder returns
- Dividends have been paid for 6 consecutive years, consuming 823.0% of earnings.
- The dividend has grown 2.5% per year over the past 5 years.
NMFC Financials New Mountain Finance 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 →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $16M | — | — | 1.4% | 0.6% | — | $1.7B | $81M |
| 2024 | — | $113M | — | — | 8.4% | 3.5% | — | $1.8B | $80M |
| 2023 | — | $135M | — | — | 10.3% | 4.3% | — | $1.8B | $70M |
| 2022 | — | $75M | — | — | 5.7% | 2.2% | — | $2.0B | $71M |
| 2021 | — | $201M | — | — | 15.2% | 6.1% | — | $1.9B | $58M |
| 2020 | — | $58M | — | — | — | — | — | — | — |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $17M | — | — | 1.7% | 0.7% | — | $1.3B | $65M |
| Mar '26 | — | -$51M | — | — | -4.9% | -2.1% | — | $1.3B | $51M |
| Dec '25 | — | -$27M | — | — | -2.3% | -0.9% | — | $1.7B | $81M |
| Sep '25 | — | $12M | — | — | 1.0% | 0.4% | — | $1.8B | $64M |
| Jun '25 | — | $8M | — | — | 0.6% | 0.2% | — | $1.8B | $57M |
| Mar '25 | — | $23M | — | — | 1.7% | 0.7% | — | $1.8B | $85M |
| Dec '24 | — | $28M | — | — | 2.0% | 0.9% | — | $1.8B | $80M |
| Sep '24 | — | $24M | — | — | 1.8% | 0.7% | — | $2.0B | $62M |
| Jun '24 | — | $34M | — | — | 2.5% | 1.0% | — | $1.9B | $120M |
| Mar '24 | — | $27M | — | — | 2.0% | 0.8% | — | $1.7B | $107M |
| Dec '23 | — | $27M | — | — | 2.1% | 0.9% | — | $1.8B | $70M |
| Sep '23 | — | $29M | — | — | 2.2% | 0.9% | — | $1.9B | $83M |
| Jun '23 | — | $35M | — | — | 2.6% | 1.1% | — | $1.9B | $46M |
| Mar '23 | — | $45M | — | — | 3.4% | 1.3% | — | $2.0B | $46M |
| Dec '22 | — | $15M | — | — | 1.1% | 0.4% | — | $2.0B | $71M |
| Sep '22 | — | $8M | — | — | 0.6% | 0.2% | — | $2.0B | $49M |
| Jun '22 | — | $16M | — | — | — | — | — | — | — |
| Mar '22 | — | $36M | — | — | — | — | — | — | — |
| Dec '21 | — | $52M | — | — | 4.0% | 1.6% | — | $1.9B | $58M |
| Sep '21 | — | $22M | — | — | — | — | — | — | — |
Valuation over time
How the market has priced NMFC 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 risen from 15.7× (Mar '23) to 42.7× (Sep '26).
- The dividend yield has risen from 10.4% (Mar '23) to 19.3% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is NMFC growing its revenue and profit?
See the revenue and net-income charts above for New Mountain Finance Corp's multi-year trend.
How much debt does NMFC have?
As of FY2025, New Mountain Finance Corp reported $1.7B of total debt against $81M of cash.
What is NMFC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is NMFC's P/E ratio?
As of Sep '26, New Mountain Finance Corp traded at a price-to-earnings ratio of about 42.7× (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.