Mid Cap Financial Investment Corp - Understand $mfic stock

$MFIC Market Cap: $1.297 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$126.0M

TTM

Gross Margin

110.93%

TTM

Net Earnings

$108.0M

TTM

Current Assets

$145.8M

Q3 2024

Current Liabilities

$20.62M

Q3 2024

Current Ratio

706.85%

Q3 2024

Total Assets

$3.216B

Q3 2024

Total Liabilities

$1.800B

Q3 2024

Book Value

$1.416B

Q3 2024

Cash

$84.48M

Q3 2024

P/E

12.01

Nov 29, 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	$116.0M	$213.2M	$216.7M	$276.9M	$255.1M	$259.3M	$279.9M	$279.9M	$379.7M	$433.6M	$381.3M	$332.0M	$357.6M	$358.8M	$340.2M	$377.3M	$357.9M	$266.1M	$152.8M	$47.80M
YoY Change	-45.58%	-1.66%	-21.73%	8.56%	-1.62%	-7.35%	-0.01%	-26.28%	-12.43%	13.72%	14.85%	-7.16%	-0.33%	5.47%	-9.83%	5.42%	34.5%	74.15%	219.67%

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	$116.0M	$213.2M	$216.7M	$276.9M	$255.1M	$259.3M	$279.9M	$279.9M	$379.7M	$433.6M	$381.3M	$332.0M	$357.6M	$358.8M	$340.2M	$377.3M	$357.9M	$266.1M	$152.8M	$47.80M
Cost Of Revenue	$145.9M	$102.6M	$91.85M	$115.7M	$109.7M	$110.0M	$110.2M	$110.2M	$171.5M	$190.5M	$166.3M	$152.3M	$166.3M	$155.6M	$129.6M	$160.7M	$148.0M	$134.0M	$58.60M	$17.30M
Gross Profit	$130.7M	$110.6M	$124.9M	$161.2M	$145.4M	$149.3M	$169.6M	$169.6M	$208.2M	$243.1M	$215.1M	$179.7M	$191.3M	$203.1M	$210.6M	$216.6M	$209.9M	$132.1M	$94.20M	$30.50M
Gross Profit Margin	112.64%	51.87%	57.62%	58.2%	56.99%	57.59%	60.61%	60.59%	54.83%	56.07%	56.41%	54.13%	53.5%	56.61%	61.9%	57.41%	58.65%	49.64%	61.65%	63.81%

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	$15.97M	$14.94M	$15.24M	$16.33M	$18.15M	$16.51M	$20.71M	$20.70M	$15.20M	$15.40M	$13.90M	$12.40M	$18.50M	$12.00M	$11.20M	$10.30M	$8.300M	$6.800M	$5.000M	$5.100M
YoY Change	6.89%	-1.93%	-6.73%	-10.01%	9.91%	-20.27%	0.06%	36.18%	-1.3%	10.79%	12.1%	-32.97%	54.17%	7.14%	8.74%	24.1%	22.06%	36.0%	-1.96%
% of Gross Profit	12.22%	13.51%	12.2%	10.13%	12.48%	11.06%	12.21%	12.21%	7.3%	6.33%	6.46%	6.9%	9.67%	5.91%	5.32%	4.76%	3.95%	5.15%	5.31%	16.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$162.1M	$14.60M	$14.87M	$15.90M	$17.63M	$15.93M	$20.38M	$20.40M	$15.00M	$15.20M	$13.80M	$12.30M	$18.50M	$12.00M	$11.20M	$10.30M	$8.300M	$6.800M	$5.100M	$5.100M
YoY Change	1010.45%	-1.85%	-6.47%	-9.79%	10.64%	-21.81%	-0.11%	36.0%	-1.32%	10.14%	12.2%	-33.51%	54.17%	7.14%	8.74%	24.1%	22.06%	33.33%	0.0%
Operating Profit	-$31.44M	$95.96M	$110.0M	$145.3M	$127.7M	$133.4M	$149.2M	$149.2M	$193.2M	$227.9M	$201.3M	$167.4M	$172.8M	$191.1M	$199.4M	$206.3M	$201.6M	$125.3M	$89.10M	$25.40M
YoY Change	-132.76%	-12.78%	-24.26%	13.72%	-4.23%	-10.62%	0.03%	-22.77%	-15.23%	13.21%	20.25%	-3.13%	-9.58%	-4.16%	-3.34%	2.33%	60.89%	40.63%	250.79%

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	$104.2M	-$13.60M	$1.835M	-$257.0M	-$55.80M	-$40.57M	-$130.9M	-$130.9M	-$237.8M	-$152.6M	$69.60M	-$62.90M	-$259.0M	-$10.80M	$63.90M	-$818.2M	-$235.0M	$186.8M	$31.20M	$18.70M
YoY Change	-866.33%	-840.98%	-100.71%	360.48%	37.55%	-69.0%	-0.02%	-44.95%	55.83%	-319.25%	-210.65%	-75.71%	2298.15%	-116.9%	-107.81%	248.17%	-225.8%	498.72%	66.84%
% of Operating Profit		-14.17%	1.67%	-176.88%	-43.68%	-30.41%	-87.69%	-87.73%	-123.08%	-66.96%	34.58%	-37.57%	-149.88%	-5.65%	32.05%	-396.61%	-116.57%	149.08%	35.02%	73.62%
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	$118.8M	$82.36M	$111.9M	-$116.1M	$71.95M	$87.03M	$18.37M	$18.40M	-$44.50M	$75.40M	$270.9M	$104.5M	-$86.30M	$180.4M	$263.3M	-$611.9M	-$33.40M	$312.2M	$120.4M	$44.10M
YoY Change	44.19%	-26.37%	-196.38%	-261.32%	-17.33%	373.76%	-0.16%	-141.35%	-159.02%	-72.17%	159.23%	-221.09%	-147.84%	-31.48%	-143.03%	1732.04%	-110.7%	159.3%	173.02%
Income Tax	$0.00										$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.0%										0.0%	0.0%		0.0%	0.0%			0.0%	0.0%	0.0%
Net Earnings	$118.8M	$82.36M	$111.9M	-$116.1M	$71.95M	$87.03M	$18.37M	$18.40M	-$44.50M	$75.40M	$270.9M	$104.5M	-$86.30M	$180.4M	$263.3M	-$611.9M	-$33.40M	$312.2M	$120.4M	$44.10M
YoY Change	44.19%	-26.37%	-196.38%	-261.32%	-17.33%	373.76%	-0.16%	-141.35%	-159.02%	-72.17%	159.23%	-221.09%	-147.84%	-31.48%	-143.03%	1732.04%	-110.7%	159.3%	173.02%
Net Earnings / Revenue	102.38%	38.64%	51.61%	-41.91%	28.21%	33.56%	6.56%	6.57%	-11.72%	17.39%	71.05%	31.48%	-24.13%	50.28%	77.4%	-162.18%	-9.33%	117.32%	78.8%	92.26%
Basic Earnings Per Share	$1.82	$1.28
Diluted Earnings Per Share	$1.82	$1.277M	$1.714M	-$1.726M	$1.018M	$1.194M	$247.8K	$0.25	-$0.57	$0.89	$3.42	$1.44	-$1.32	$2.76	$4.96	-$13.16	-$0.90	$10.92	$5.69	$2.13

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	2004
Cash & Short-Term Investments	$93.58M	$30.03M	$50.18M	$37.30M	$36.28M	$14.04M	$9.783M	$9.800M	$16.50M	$3.800M	$13.40M	$3.900M	$1.700M	$5.500M	$456.9M	$5.900M	$412.9M	$1.097B	$903.9M	$878.3M
YoY Change	211.57%	-40.15%	34.53%	2.81%	158.5%	43.46%	-0.17%	-40.61%	334.21%	-71.64%	243.59%	129.41%	-69.09%	-98.8%	7644.07%	-98.57%	-62.36%	21.37%	2.91%
Cash & Equivalents	$93.58M	$30.03M	$50.18M	$37.30M	$37.30M									$0.00	$449.8M	$0.00	$403.9M	$1.090B	$898.4M	$873.1M
Short-Term Investments
Other Short-Term Assets	$5.000K	$719.0K	$907.0K	$732.0K	$336.0K	$419.0K	$713.0K	$700.0K	$9.500M	$9.300M	$300.0K	$300.0K	$1.300M	$27.40M	$24.10M	$4.900M	$5.900M	$5.800M	$6.300M	$900.0K
YoY Change	-99.3%	-20.73%	23.91%	117.86%	-19.81%	-41.23%	1.86%	-92.63%	2.15%	3000.0%	0.0%	-76.92%	-95.26%	13.69%	391.84%	-16.95%	1.72%	-7.94%	600.0%
Inventory
Prepaid Expenses
Receivables	$2.796M	$7.989M	$1.351M	$978.0K	$336.0K	$2.190M	$40.23M	$40.20M	$79.60M	$114.9M	$72.90M	$5.700M	$74.00M	$59.10M	$92.80M	$42.50M	$46.60M	$63.50M	$42.10M	$14.80M
Other Receivables	$1.327M	$5.083M	$3.793M	$5.034M	$3.748M	$4.396M	$6.489M	$6.500M	$9.500M	$5.400M	$3.600M	$2.700M	$2.900M	$5.800M	$7.100M	$7.700M	$23.30M	$7.000M	$1.000M	$1.000M
Total Short-Term Assets	$97.70M	$94.40M	$43.80M	$56.20M	$44.00M	$40.70M	$21.00M	$57.20M	$115.1M	$133.4M	$90.20M	$12.60M	$79.90M	$97.80M	$580.9M	$61.00M	$488.7M	$1.173B	$953.3M	$895.0M
YoY Change	3.5%	115.53%	-22.06%	27.73%	8.11%	93.81%	-63.29%	-50.3%	-13.72%	47.89%	615.87%	-84.23%	-18.3%	-83.16%	852.3%	-87.52%	-58.35%	23.09%	6.51%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.334B	$2.523B	$2.449B	$2.785B	$2.408B	$2.248B	$2.317B	$2.317B	$2.917B	$3.350B	$3.479B	$2.850B	$2.677B	$3.050B	$2.854B	$2.487B	$3.234B	$2.349B	$1.557B	$838.5M
YoY Change	-7.49%	3.02%	-12.07%	15.67%	7.12%	-2.96%	0.0%	-20.57%	-12.93%	-3.71%	22.04%	6.47%	-12.23%	6.89%	14.75%	-23.09%	37.65%	50.9%	85.65%
Other Assets	$19.44M	$17.01M	$21.53M	$16.05M	$19.78M	$14.14M	$17.63M	$17.60M	$14.50M	$29.70M	$31.60M	$27.00M	$17.30M
YoY Change	14.29%	-21.01%	34.1%	-18.82%	39.89%	-19.82%	0.18%	21.38%	-51.18%	-6.01%	17.04%	56.07%
Total Long-Term Assets	$2.404B	$2.506B	$2.501B	$2.815B	$2.454B	$2.271B	$2.389B	$2.353B	$2.964B	$3.428B	$3.552B	$2.932B	$2.695B	$3.051B	$2.884B	$2.488B	$3.236B	$2.350B	$1.558B	$838.4M
YoY Change	-4.07%	0.2%	-11.16%	14.71%	8.04%	-4.94%	1.54%	-20.6%	-13.54%	-3.5%	21.15%	8.77%	-11.66%	5.78%	15.94%	-23.12%	37.7%	50.84%	85.81%
Total Assets	$2.501B	$2.600B	$2.544B	$2.871B	$2.498B	$2.312B	$2.410B	$2.410B	$3.079B	$3.561B	$3.642B	$2.944B	$2.775B	$3.149B	$3.465B	$2.549B	$3.724B	$3.523B	$2.511B	$1.733B
YoY Change
Accounts Payable		$0.00	$0.00	$0.00	$677.0K	$41.83M	$13.97M	$14.00M	$25.10M	$10.70M	$119.6M	$26.00M	$0.00	$37.40M	$549.0M	$27.60M	$142.3M	$1.135B	$940.9M	$834.9M
YoY Change				-100.0%	-98.38%	199.41%	-0.21%	-44.22%	134.58%	-91.05%	360.0%		-100.0%	-93.19%	1889.13%	-80.6%	-87.46%	20.59%	12.7%
Accrued Expenses	$16.15M	$4.232M	$2.890M	$5.683M	$8.801M	$7.817M	$9.569M	$9.600M	$9.500M	$17.90M	$16.20M	$14.20M	$13.50M	$11.40M	$3.900M	$2.300M	$6.500M	$2.000M	$1.800M	$0.00
YoY Change	281.64%	46.44%	-49.15%	-35.43%	12.59%	-18.31%	-0.32%	1.05%	-46.93%	10.49%	14.08%	5.19%	18.42%	192.31%	69.57%	-64.62%	225.0%	11.11%
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	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$26.88M	$47.60M	$37.00M	$35.10M	$45.40M	$49.40M	$98.60M	$72.90M	$111.0M	$113.3M	$214.3M	$107.3M	$77.30M	$131.1M	$628.6M	$92.20M	$185.1M	$1.180B	$955.6M	$839.5M
YoY Change	-43.53%	28.65%	5.41%	-22.69%	-8.1%	-49.9%	35.25%	-34.32%	-2.03%	-47.13%	99.72%	38.81%	-41.04%	-79.14%	581.78%	-50.19%	-84.32%	23.5%	13.83%
Long-Term Debt	$1.462B	$1.551B	$1.465B	$1.795B	$1.129B	$789.8M	$848.4M	$848.4M	$1.313B	$1.499B	$1.372B	$1.156B	$1.009B	$1.053B	$1.061B	$1.058B	$1.639B	$492.3M	$323.9M	$0.00
YoY Change	-5.7%	5.82%	-18.35%	59.0%	42.9%	-6.91%	0.01%	-35.38%	-12.4%	9.22%	18.7%	14.54%	-4.19%	-0.68%	0.28%	-35.48%	232.95%	51.99%
Other Long-Term Liabilities	$6.874M	$7.624M	$7.739M	$6.787M	$7.086M	$5.202M	$7.075M	$7.100M	$9.200M	$11.20M	$3.800M	$3.500M	$3.400M	$3.200M	$3.100M	$2.800M	$2.200M	$1.000M	$1.900M	$900.0K
YoY Change	-9.84%	-1.49%	14.03%	-4.22%	36.22%	-26.47%	-0.35%	-22.83%	-17.86%	194.74%	8.57%	2.94%	6.25%	3.23%	10.71%	27.27%	120.0%	-47.37%	111.11%
Total Long-Term Liabilities	$1.469B	$1.558B	$1.473B	$1.801B	$1.136B	$795.0M	$855.5M	$855.5M	$1.322B	$1.510B	$1.376B	$1.160B	$1.013B	$1.057B	$1.064B	$1.060B	$1.641B	$493.3M	$325.8M	$900.0K
YoY Change	-5.72%	5.78%	-18.22%	58.61%	42.86%	-7.07%	0.0%	-35.3%	-12.44%	9.73%	18.67%	14.51%	-4.15%	-0.67%	0.31%	-35.39%	232.72%	51.41%	36100.0%
Total Liabilities	$1.496B	$1.595B	$1.508B	$1.847B	$1.185B	$893.7M	$928.3M	$928.3M	$1.433B	$1.623B	$1.590B	$1.267B	$1.090B	$1.188B	$1.692B	$1.153B	$1.826B	$1.674B	$1.281B	$840.5M
YoY Change	-6.22%	5.78%	-18.33%	55.82%	32.61%	-3.73%	0.0%	-35.22%	-11.72%	2.08%	25.53%	16.23%	-8.23%	-29.81%	46.84%	-36.9%	9.14%	30.62%	52.43%

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	65.33M	64.52M	65.26M	67.23M
Diluted Shares Outstanding
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: $1.297 Billion

About MidCap Financial Investment Corp

MidCap Financial Investment Corp is a US-based company operating in Capital Markets industry. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2004-04-06. MidCap Financial Investment Corporation is a closed-end, externally managed, diversified management investment company. The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The firm primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held United States middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may also invest in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies. The firm is externally managed by Apollo Investment Management, L.P. (the Adviser).

Industry: UNKNOWN Peers: Associated Capital Group, Inc. Bain Capital Specialty Finance, Inc. Barings BDC, Inc. Blackstone Inc. AVANTAX, INC. VIRTUS INVESTMENT PARTNERS, INC. Oaktree Specialty Lending Corp P10, Inc. Pzena Investment Management, Inc. SLR Investment Corp.