Financial Snapshot

Revenue
$140.2M
TTM
Gross Margin
107.61%
TTM
Net Earnings
$128.3M
TTM
Current Assets
$57.39M
Q3 2024
Current Liabilities
$89.94M
Q3 2024
Current Ratio
63.81%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.147B
Q3 2024
Cash
Q3 2024
P/E
8.582
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $145.0M $103.5M $197.4M $194.5M $197.9M $99.30M $24.60M $900.0K
YoY Change 40.01% -47.55% 1.49% -1.72% 99.3% 303.66% 2633.33%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $145.0M $103.5M $197.4M $194.5M $197.9M $99.30M $24.60M $900.0K
Cost Of Revenue $144.1M $109.5M $103.8M $102.3M $107.8M $42.20M $9.100M $900.0K
Gross Profit $153.7M $110.0M $93.64M $92.20M $90.20M $57.10M $15.50M -$100.0K
Gross Profit Margin 106.0% 106.26% 47.44% 47.4% 45.58% 57.5% 63.01% -11.11%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $8.697M $6.484M $5.763M $6.100M $5.300M $1.200M $1.000M $900.0K
YoY Change 34.13% 12.51% -5.52% 15.09% 341.67% 20.0% 11.11%
% of Gross Profit 5.66% 5.89% 6.15% 6.62% 5.88% 2.1% 6.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.697M $6.484M $5.763M $6.100M $5.300M $1.200M $1.300M $1.100M
YoY Change 34.13% 12.51% -5.52% 15.09% 341.67% -7.69% 18.18%
Operating Profit $145.0M $103.5M $87.87M $86.10M $84.90M $55.90M $14.20M -$1.200M
YoY Change 40.01% 17.83% 2.06% 1.41% 51.88% 293.66% -1283.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $80.01M $52.32M $32.07M -$77.60M $13.20M -$29.30M $5.100M $1.700M
YoY Change 52.93% 63.14% -141.33% -687.88% -145.05% -674.51% 200.0%
% of Operating Profit 55.19% 50.53% 36.5% -90.13% 15.55% -52.42% 35.92%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $126.7M $106.3M $119.9M $8.500M $98.10M $26.60M $19.30M $600.0K
YoY Change 19.2% -11.36% 1311.07% -91.34% 268.8% 37.82% 3116.67%
Income Tax $0.00 $0.00 $134.0K $200.0K $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.11% 2.35% 0.0% 0.0% 0.0%
Net Earnings $123.4M $105.5M $119.8M $8.300M $98.10M $26.60M $19.30M $600.0K
YoY Change 16.97% -11.96% 1343.46% -91.54% 268.8% 37.82% 3116.67%
Net Earnings / Revenue 85.1% 101.87% 60.69% 4.27% 49.57% 26.79% 78.46% 66.67%
Basic Earnings Per Share $1.91 $1.63 $1.86 $0.14
Diluted Earnings Per Share $1.91 $1.63 $1.856M $141.4K $1.865M $506.7K $431.8K $13.42K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $49.40M $59.78M $117.4M $54.70M $37.30M $15.30M $140.9M $66.70M
YoY Change -17.36% -49.09% 114.67% 46.65% 143.79% -89.14% 111.24%
Cash & Equivalents $43.00M $30.21M $87.44M $53.70M $36.50M $14.70M $139.5M
Short-Term Investments
Other Short-Term Assets $210.0K $194.0K $193.0K $0.00 $0.00 $100.0K $100.0K
YoY Change 8.25% 0.52% -100.0% 0.0%
Inventory
Prepaid Expenses
Receivables $4.310M $18.17M $30.33M $5.900M $22.00M $1.600M $2.500M $0.00
Other Receivables $9.417M $13.68M $18.40M $7.600M $1.000M $8.700M $0.00 $0.00
Total Short-Term Assets $63.34M $91.82M $166.3M $68.20M $60.30M $25.60M $143.5M $66.80M
YoY Change -31.02% -44.8% 143.91% 13.1% 135.55% -82.16% 114.82%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.298B $2.387B $2.294B $2.485B $2.528B $1.737B $831.6M $107.9M
YoY Change -3.72% 4.04% -7.65% -1.72% 45.54% 108.89% 670.71%
Other Assets $65.89M $69.69M $88.34M $30.20M $34.70M $22.00M $5.800M $1.400M
YoY Change -5.46% -21.11% 192.51% -12.97% 57.73% 279.31% 314.29%
Total Long-Term Assets $2.409B $2.501B $2.405B $2.535B $2.585B $1.765B $844.8M $110.1M
YoY Change -3.66% 3.98% -5.15% -1.93% 46.44% 108.97% 667.3%
Total Assets $2.472B $2.592B $2.571B $2.604B $2.646B $1.791B $988.3M $176.9M
YoY Change
Accounts Payable $9.581M $2.954M $6.083M $3.300M $2.200M $1.300M $1.100M $500.0K
YoY Change 224.34% -51.44% 84.33% 50.0% 69.23% 18.18% 120.0%
Accrued Expenses $13.28M $12.13M $7.058M $8.200M $15.50M $4.800M $800.0K $0.00
YoY Change 9.51% 71.86% -13.93% -47.1% 222.92% 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.69M $90.74M $56.21M $54.50M $51.30M $154.4M $26.70M $7.400M
YoY Change -14.38% 61.44% 3.13% 6.24% -66.77% 478.28% 260.81%
Long-Term Debt $1.256B $1.385B $1.415B $1.458B $1.575B $634.9M $451.0M $59.10M
YoY Change -9.34% -2.1% -2.98% -7.38% 148.01% 40.78% 663.11%
Other Long-Term Liabilities $2.260M $0.00 $22.60M $1.300M $0.00 $3.500M
YoY Change -100.0% 1638.46% -100.0%
Total Long-Term Liabilities $1.258B $1.385B $1.415B $1.481B $1.576B $634.9M $454.5M $59.10M
YoY Change -9.18% -2.1% -4.46% -6.02% 148.21% 39.69% 669.04%
Total Liabilities $1.336B $1.476B $1.471B $1.536B $1.627B $789.4M $481.3M $66.50M
YoY Change -9.5% 0.33% -4.19% -5.64% 106.13% 64.01% 623.76%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 64.56M 64.56M 64.56M 58.67M
Diluted Shares Outstanding 64.56M 64.56M 64.56M 58.67M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1014 Billion

About Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. is a closed-end, non-diversified management investment company. The company is headquartered in Boston, Massachusetts and currently employs 0 full-time employees. The company went IPO on 2018-11-15. The firm's investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Credit’s Senior Direct Lending Strategy, which seeks to provide risk-adjusted returns and current income to investors by investing in middle-market companies with between $10 million and $150 million in annual earnings before interest, taxes, depreciation and amortization. The company is focused on senior investments with a first or second lien on collateral and strong structures and documentation intended to protect the lender. The company is managed by BCSF Advisors, LP.

Industry: UNKNOWN Peers: MidCap Financial Investment Corp Associated Capital Group, Inc. Barings BDC, Inc. BlackRock TCP Capital Corp. Blackstone Inc. AVANTAX, INC. Oaktree Specialty Lending Corp WisdomTree, Inc. Pzena Investment Management, Inc. SLR Investment Corp.