Main Street Capital Corp - Understand $main stock

$MAIN Market Cap: $4.606 Billion

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Financial Snapshot

Revenue

$394.0M

TTM

Gross Margin

105.28%

TTM

Net Earnings

$472.9M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$5.095B

Q3 2024

Total Liabilities

$2.403B

Q3 2024

Book Value

$2.692B

Q3 2024

Cash

$84.42M

Q3 2024

P/E

9.738

Nov 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$339.0M	$245.3M	$289.0M	$222.6M	$243.4M	$233.4M	$205.7M	$178.3M	$164.6M	$140.8M	$116.5M	$90.50M	$66.20M	$36.50M	$16.00M	$17.30M	$12.50M	$9.800M	$7.600M	$4.500M
YoY Change	38.19%	-15.13%	29.85%	-8.55%	4.28%	13.47%	15.37%	8.32%	16.9%	20.86%	28.73%	36.71%	81.37%	128.13%	-7.51%	38.4%	27.55%	28.95%	68.89%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$339.0M	$245.3M	$289.0M	$222.6M	$243.4M	$233.4M	$205.7M	$178.3M	$164.6M	$140.8M	$116.5M	$90.50M	$66.20M	$36.50M	$16.00M	$17.30M	$12.50M	$9.800M	$7.600M	$4.500M
Cost Of Revenue	$102.6M	$78.28M	$58.84M	$49.60M	$50.30M	$43.50M	$36.50M	$33.60M	$32.10M	$23.60M	$20.20M	$15.60M	$13.50M	$9.100M	$3.800M	$3.800M	$3.200M	$2.700M	$2.100M	$900.0K
Gross Profit	$397.8M	$298.6M	$230.2M	$173.0M	$193.1M	$189.9M	$169.3M	$144.7M	$132.5M	$117.2M	$96.30M	$74.90M	$52.70M	$27.40M	$12.20M	$13.50M	$9.200M	$7.000M	$5.500M	$3.600M
Gross Profit Margin	117.34%	121.71%	79.64%	77.72%	79.33%	81.36%	82.3%	81.16%	80.5%	83.24%	82.66%	82.76%	79.61%	75.07%	76.25%	78.03%	73.6%	71.43%	72.37%	80.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$80.84M	$66.22M	$57.82M	$42.50M	$42.40M	$40.00M	$40.30M	$34.00M	$29.70M	$23.70M	$17.60M	$4.900M	$4.500M	$2.900M	$2.400M	$2.200M	$2.700M	$2.100M	$2.100M	$2.100M
YoY Change	22.08%	14.53%	36.05%	0.24%	6.0%	-0.74%	18.53%	14.48%	25.32%	34.66%	259.18%	8.89%	55.17%	20.83%	9.09%	-18.52%	28.57%	0.0%	0.0%
% of Gross Profit	20.32%	22.18%	25.12%	24.57%	21.96%	21.06%	23.8%	23.5%	22.42%	20.22%	18.28%	6.54%	8.54%	10.58%	19.67%	16.3%	29.35%	30.0%	38.18%	58.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$58.79M	$53.26M	$47.55M	$35.10M	$35.70M	$33.20M	$33.90M	$28.90M	$25.40M	$21.60M	$20.90M	$15.60M	$13.50M	$8.100M	$3.000M	$3.200M	$2.800M	$2.200M	$2.100M	$2.100M
YoY Change	10.39%	12.01%	35.46%	-1.68%	7.53%	-2.06%	17.3%	13.78%	17.59%	3.35%	33.97%	15.56%	66.67%	170.0%	-6.25%	14.29%	27.27%	4.76%	0.0%
Operating Profit	$339.0M	$245.3M	$182.7M	$137.9M	$157.4M	$156.7M	$135.4M	$115.8M	$107.1M	$95.60M	$75.40M	$59.30M	$39.20M	$19.30M	$9.200M	$10.30M	$6.400M	$4.800M	$3.400M	$1.500M
YoY Change	38.19%	34.3%	32.46%	-12.39%	0.45%	15.73%	16.93%	8.12%	12.03%	26.79%	27.15%	51.28%	103.11%	109.78%	-10.68%	60.94%	33.33%	41.18%	126.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$102.6M	$78.28M	$181.0M	-$122.1M	-$26.60M	$17.70M	$59.70M	$21.90M	-$11.30M	$11.50M	$21.40M	$55.90M	$31.10M	$16.80M	$400.0K	-$2.600M	-$700.0K	$10.90M	$4.500M	$2.900M
YoY Change	31.04%	-56.74%	-248.21%	359.02%	-250.28%	-70.35%	172.6%	-293.81%	-198.26%	-46.26%	-61.72%	79.74%	85.12%	4100.0%	-115.38%	271.43%	-106.42%	142.22%	55.17%
% of Operating Profit	30.26%	31.91%	99.07%	-88.54%	-16.9%	11.3%	44.09%	18.91%	-10.55%	12.03%	28.38%	94.27%	79.34%	87.05%	4.35%	-25.24%	-10.94%	227.08%	132.35%	193.33%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$451.1M	$264.9M	$363.6M	$15.80M	$130.8M	$174.4M	$195.1M	$137.7M	$95.80M	$107.0M	$96.80M	$115.3M	$70.40M	$36.00M	$9.700M	$7.800M	$5.800M	$15.80M	$7.900M	$4.400M
YoY Change	70.27%	-27.14%	2201.42%	-87.92%	-25.0%	-10.61%	41.68%	43.74%	-10.47%	10.54%	-16.05%	63.78%	95.56%	271.13%	24.36%	34.48%	-63.29%	100.0%	79.55%
Income Tax	$22.64M	$23.33M	$32.86M	-$13.50M	$1.200M	$6.200M	$27.30M	-$1.200M	-$8.700M	$6.300M	$0.00	$10.80M	$6.300M	$900.0K	-$2.300M	-$3.200M	$3.300M	$0.00	$0.00	$0.00
% Of Pretax Income	5.02%	8.8%	9.04%	-85.44%	0.92%	3.56%	13.99%	-0.87%	-9.08%	5.89%	0.0%	9.37%	8.95%	2.5%	-23.71%	-41.03%	56.9%	0.0%	0.0%	0.0%
Net Earnings	$428.4M	$241.6M	$330.8M	$29.40M	$129.6M	$168.2M	$170.6M	$138.9M	$104.4M	$100.7M	$96.90M	$104.4M	$63.00M	$33.90M	$12.00M	$10.90M	$2.500M	$15.80M	$7.900M	$4.400M
YoY Change	77.33%	-26.95%	1025.04%	-77.31%	-22.95%	-1.41%	22.82%	33.05%	3.67%	3.92%	-7.18%	65.71%	85.84%	182.5%	10.09%	336.0%	-84.18%	100.0%	79.55%
Net Earnings / Revenue	126.38%	98.48%	114.43%	13.21%	53.25%	72.07%	82.94%	77.9%	63.43%	71.52%	83.18%	115.36%	95.17%	92.88%	75.0%	63.01%	20.0%	161.22%	103.95%	97.78%
Basic Earnings Per Share	$4.14	$3.29	$2.65	$2.10
Diluted Earnings Per Share	$4.14	$3.29	$4.796M	$447.5K	$2.057M	$2.794M	$3.009M	$2.671M	$2.126M	$2.315M	$2.648M	$3.539M	$2.751M	$2.080M	$1.200M	$1.198M	$290.7K	$1.663M	$831.6K	$463.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$60.08M	$49.12M	$32.63M	$31.90M	$55.20M	$54.20M	$51.50M	$24.50M	$20.30M	$60.40M	$34.70M	$63.50M	$42.70M	$22.30M	$30.60M	$35.40M	$41.90M	$13.80M	$26.30M
YoY Change	22.32%	50.54%	2.29%	-42.21%	1.85%	5.24%	110.2%	20.69%	-66.39%	74.06%	-45.35%	48.71%	91.48%	-27.12%	-13.56%	-15.51%	203.62%	-47.53%
Cash & Equivalents	$60.08M	$49.12M	$32.63M	$31.90M	$55.20M	$54.20M	$51.50M	$24.50M	$20.30M	$60.40M	$34.70M	$63.50M	$42.70M	$22.30M	$30.60M	$35.40M	$41.90M	$13.80M	$26.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$0.00	$381.0K	$35.13M		$0.00	$1.200M	$2.400M	$2.000M	$9.900M	$23.10M
Other Receivables	$89.34M	$74.03M	$52.69M		$45.70M	$39.70M	$36.30M	$35.10M	$27.70M	$23.30M
Total Short-Term Assets	$149.4M	$123.5M	$120.4M	$77.40M	$100.9M	$95.10M	$90.20M	$61.60M	$57.90M	$106.8M	$50.80M	$63.50M	$42.70M	$22.30M	$30.60M	$35.40M	$41.90M	$13.80M	$26.30M
YoY Change	20.96%	2.57%	55.61%	-23.29%	6.1%	5.43%	46.43%	6.39%	-45.79%	110.24%	-20.0%	48.71%	91.48%	-27.12%	-13.56%	-15.51%	203.62%	-47.53%
Property, Plant & Equipment		$8.700M	$3.800M	$4.300M	$4.800M
YoY Change		128.95%	-11.63%	-10.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.286B	$4.102B	$3.562B	$2.685B	$2.602B	$2.454B	$2.171B	$1.997B	$1.804B	$1.572B	$1.300B	$953.0M	$684.3M	$417.6M	$160.0M	$131.4M	$129.7M	$73.70M	$51.20M
YoY Change	4.49%	15.17%	32.66%	3.17%	6.05%	13.02%	8.73%	10.71%	14.71%	21.0%	36.36%	39.27%	63.86%	161.0%	21.77%	1.31%	75.98%	43.95%
Other Assets	$7.879M	$7.475M	$4.217M	$2.800M	$3.500M	$4.500M	$3.800M	$13.80M	$17.30M	$14.60M	$9.900M	$5.200M	$4.200M	$4.500M	$4.300M	$2.800M	$1.700M	$1.300M	$1.400M
YoY Change	5.4%	77.26%	50.61%	-20.0%	-22.22%	18.42%	-72.46%	-20.23%	18.49%	47.47%	90.38%	23.81%	-6.67%	4.65%	53.57%	64.71%	30.77%	-7.14%
Total Long-Term Assets	$4.294B	$4.118B	$3.570B	$2.692B	$2.611B	$2.458B	$2.175B	$2.011B	$1.821B	$1.587B	$1.309B	$972.7M	$695.0M	$426.6M	$165.9M	$135.2M	$132.9M	$75.60M	$53.00M
YoY Change	4.27%	15.36%	32.61%	3.12%	6.2%	13.01%	8.18%	10.42%	14.74%	21.2%	34.61%	39.96%	62.92%	157.14%	22.71%	1.73%	75.79%	42.64%
Total Assets	$4.444B	$4.242B	$3.690B	$2.769B	$2.712B	$2.553B	$2.265B	$2.072B	$1.879B	$1.694B	$1.360B	$1.036B	$737.7M	$448.9M	$196.5M	$170.6M	$174.8M	$89.40M	$79.30M
YoY Change
Accounts Payable	$62.58M	$40.99M	$36.07M	$15.80M	$18.90M	$18.00M	$20.20M	$14.20M	$12.30M	$10.70M	$10.50M	$8.600M	$7.000M	$1.200M	$700.0K	$1.400M	$600.0K	$200.0K	$100.0K
YoY Change	52.65%	13.65%	128.28%	-16.4%	5.0%	-10.89%	42.25%	15.45%	14.95%	1.9%	22.09%	22.86%	483.33%	71.43%	-50.0%	133.33%	200.0%	100.0%
Accrued Expenses	$17.03M	$27.68M	$19.33M	$13.70M	$12.90M	$6.000M	$5.300M	$4.100M	$4.000M	$4.800M	$2.600M	$3.600M	$4.000M	$3.200M	$1.100M	$1.100M	$1.100M	$900.0K	$800.0K
YoY Change	-38.49%	43.23%	41.07%	6.2%	115.0%	13.21%	29.27%	2.5%	-16.67%	84.62%	-27.78%	-10.0%	25.0%	190.91%	0.0%	0.0%	22.22%	12.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$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	$99.97M	$86.35M	$75.67M	$43.40M	$45.00M	$64.20M	$77.40M	$30.50M	$27.70M	$37.90M	$46.80M	$38.00M	$13.90M	$4.400M	$1.800M	$3.200M	$1.700M	$1.100M	$900.0K
YoY Change	15.77%	14.12%	74.34%	-3.56%	-29.91%	-17.05%	153.77%	10.11%	-26.91%	-19.02%	23.16%	173.38%	215.91%	144.44%	-43.75%	88.24%	54.55%	22.22%
Long-Term Debt	$1.802B	$1.999B	$1.796B	$1.209B	$1.114B	$996.1M	$797.2M	$840.3M	$780.4M	$706.6M	$514.9M	$343.5M	$308.9M	$194.6M	$65.00M	$55.00M	$55.00M	$45.10M	$45.10M
YoY Change	-9.84%	11.31%	48.61%	8.49%	11.84%	24.95%	-5.13%	7.68%	10.44%	37.23%	49.9%	11.2%	58.74%	199.38%	18.18%	0.0%	21.95%	0.0%
Other Long-Term Liabilities																			$0.00
YoY Change
Total Long-Term Liabilities	$1.802B	$1.999B	$1.796B	$1.209B	$1.114B	$996.1M	$797.2M	$840.3M	$780.4M	$706.6M	$514.9M	$343.5M	$308.9M	$194.6M	$65.00M	$55.00M	$55.00M	$45.10M	$45.10M
YoY Change	-9.84%	11.31%	48.61%	8.49%	11.84%	24.95%	-5.13%	7.68%	10.44%	37.23%	49.9%	11.2%	58.74%	199.38%	18.18%	0.0%	21.95%	0.0%
Total Liabilities	$1.966B	$2.133B	$1.901B	$1.255B	$1.175B	$1.077B	$885.0M	$870.9M	$808.0M	$753.8M	$567.6M	$393.2M	$332.0M	$203.4M	$66.80M	$58.30M	$59.70M	$46.20M	$46.10M
YoY Change	-7.83%	12.19%	51.56%	6.76%	9.08%	21.74%	1.62%	7.78%	7.19%	32.8%	44.35%	18.43%	63.23%	204.49%	14.58%	-2.35%	29.22%	0.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	81.92M shares	74.48M shares	68.96M shares	65.71M shares
Diluted Shares Outstanding	81.92M shares	74.48M shares	68.96M shares	65.71M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.6055 Billion

About Main Street Capital Corp

Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. The company is headquartered in Houston, Texas and currently employs 100 full-time employees. The company went IPO on 2007-10-08. Its portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in a variety of industry sectors. The firm invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. The company owns several investment funds, including Main Street Mezzanine Fund, LP and Main Street Capital III, LP, (collectively the Funds), and each of their general partners. The Funds are each licensed as a Small Business Investment Company (SBIC) by the United States Small Business Administration (SBA).

Industry: UNKNOWN Peers: Artisan Partners Asset Management Inc Blackstone Inc Bridge Investment Group Holdings Inc Cohen & Steers Inc Federated Hermes Inc Focus Financial Partners Inc. Golub Capital BDC Inc Hamilton Lane Inc Prospect Capital Corp StepStone Group Inc