New Mountain Finance Corp - Understand $nmfc stock

$NMFC Market Cap: $1.279 Billion

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Financial Snapshot

Revenue

$204.8M

TTM

Gross Margin

87.47%

TTM

Net Earnings

$113.0M

TTM

Current Assets

$108.0M

Q3 2024

Current Liabilities

$152.2M

Q3 2024

Current Ratio

70.95%

Q3 2024

Total Assets

$3.414B

Q3 2024

Total Liabilities

$2.047B

Q3 2024

Book Value

$1.368B

Q3 2024

Cash

$61.94M

Q3 2024

P/E

11.32

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
Revenue	$160.3M	$120.4M	$271.0M	$273.7M	$276.5M	$231.5M	$197.8M	$168.1M	$153.9M	$135.6M	$90.90M	$37.50M	$13.70M
YoY Change	33.12%	-55.55%	-1.0%	-1.01%	19.44%	17.04%	17.67%	9.23%	13.5%	49.17%	142.4%	173.72%

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
Revenue	$160.3M	$120.4M	$271.0M	$273.7M	$276.5M	$231.5M	$197.8M	$168.1M	$153.9M	$135.6M	$90.90M	$37.50M	$13.70M
Cost Of Revenue	$212.5M	$172.4M	$159.0M	$163.8M	$165.8M	$126.6M	$98.50M	$81.10M	$73.00M	$32.70M
Gross Profit	$162.4M	$122.3M	$112.0M	$109.9M	$110.7M	$104.9M	$99.30M	$87.00M	$80.80M	$102.9M
Gross Profit Margin	101.28%	101.52%	41.33%	40.15%	40.04%	45.31%	50.2%	51.75%	52.5%	75.88%

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
Selling, General & Admin	-$16.00K	-$509.0K	-$8.887M	-$7.500M	-$6.500M	-$1.400M	-$3.500M	-$1.300M	-$1.800M	$1.500M
YoY Change	-96.86%	-94.27%	18.49%	15.38%	364.29%	-60.0%	169.23%	-27.78%	-220.0%
% of Gross Profit	-0.01%	-0.42%	-7.94%	-6.82%	-5.87%	-1.33%	-3.52%	-1.49%	-2.23%	1.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$2.052M	$1.829M	-$6.964M	-$7.500M	-$6.500M	-$1.500M	-$3.500M	-$1.300M	-$1.800M	$22.40M	$40.30M	$17.70M	$5.400M
YoY Change	12.19%	-126.26%	-7.15%	15.38%	333.33%	-57.14%	169.23%	-27.78%	-108.04%	-44.42%	127.68%	227.78%
Operating Profit	$160.3M	$120.4M	$119.0M	$117.4M	$117.2M	$106.4M	$102.8M	$88.30M	$82.60M	$80.50M
YoY Change	33.12%	1.24%	1.33%	0.17%	10.15%	3.5%	16.42%	6.9%	2.61%

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
Interest Expense	$124.8M	$92.42M	$88.34M	-$55.50M	-$4.600M	-$33.70M	$7.200M	$23.60M	-$49.50M	-$34.50M	$11.40M	$12.10M	-$4.200M
YoY Change	35.02%	4.62%	-259.17%	1106.52%	-86.35%	-568.06%	-69.49%	-147.68%	43.48%	-402.63%	-5.79%	-388.1%
% of Operating Profit	77.84%	76.74%	74.26%	-47.27%	-3.92%	-31.67%	7.0%	26.73%	-59.93%	-42.86%
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
Pretax Income	$136.5M	$75.35M	$207.3M	$61.90M	$112.7M	$72.60M	$110.0M	$111.8M	$33.10M	$46.00M	$62.00M	$31.90M	$4.100M
YoY Change	81.16%	-63.65%	234.89%	-45.08%	55.23%	-34.0%	-1.61%	237.76%	-28.04%	-25.81%	94.36%	678.05%
Income Tax	$1.762M	$9.299M	$118.0K	$0.00	$100.0K	$300.0K	$600.0K	$200.0K	$200.0K	$400.0K	$0.00	$0.00	$0.00
% Of Pretax Income	1.29%	12.34%	0.06%	0.0%	0.09%	0.41%	0.55%	0.18%	0.6%	0.87%	0.0%	0.0%	0.0%
Net Earnings	$135.3M	$74.73M	$201.4M	$58.50M	$112.6M	$72.40M	$109.4M	$111.7M	$33.00M	$45.60M	$62.00M	$31.90M	$4.100M
YoY Change	81.1%	-62.89%	244.27%	-48.05%	55.52%	-33.82%	-2.06%	238.48%	-27.63%	-26.45%	94.36%	678.05%
Net Earnings / Revenue	84.42%	62.05%	74.33%	21.37%	40.72%	31.27%	55.31%	66.45%	21.44%	33.63%	68.21%	85.07%	29.93%
Basic Earnings Per Share	$1.34	$0.75	$2.08	$0.60
Diluted Earnings Per Share	$1.24	$0.74	$1.827M	$531.3K	$1.120M	$817.2K	$1.302M	$1.532M	$492.5K	$811.4K	$1.409M	$938.2K	$132.7K

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
Cash & Short-Term Investments	$70.09M	$71.19M	$58.08M	$79.00M	$48.60M	$49.70M	$34.90M	$45.90M	$30.10M	$23.40M
YoY Change	-1.55%	22.58%	-26.48%	62.55%	-2.21%	42.41%	-23.97%	52.49%	28.63%
Cash & Equivalents	$70.09M	$71.19M	$58.08M	$79.00M	$48.60M	$49.70M	$34.90M	$45.90M	$30.10M	$23.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$114.3M	$107.3M	$88.95M	$116.5M	$80.70M	$80.10M	$67.10M	$65.10M	$44.30M	$44.50M
YoY Change	6.46%	20.69%	-23.65%	44.36%	0.75%	19.37%	3.07%	46.95%	-0.45%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.011B	$3.221B	$3.174B	$2.954B	$3.160B	$2.342B	$1.826B	$1.559B	$1.512B	$1.425B	$650.1M	$341.9M	$145.5M
YoY Change	-6.52%	1.48%	7.48%	-6.54%	34.94%	28.28%	17.12%	3.08%	6.14%	119.15%	90.14%	134.98%
Other Assets	$594.0K		$0.00	$100.0K						$14.10M
YoY Change			-100.0%
Total Long-Term Assets	$3.045B	$3.248B	$3.207B	$2.981B	$3.185B	$2.369B	$1.861B	$1.591B	$1.544B	$1.470B
YoY Change	-6.24%	1.27%	7.58%	-6.42%	34.48%	27.28%	16.97%	3.05%	4.99%
Total Assets	$3.159B	$3.355B	$3.296B	$3.098B	$3.266B	$2.449B	$1.928B	$1.656B	$1.588B	$1.515B	$650.1M	$345.3M	$145.5M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$20.44M	$19.63M	$17.39M	$15.60M	$16.50M	$12.40M	$5.100M	$3.200M	$2.300M	$1.400M
YoY Change	4.14%	12.88%	11.46%	-5.45%	33.06%	143.14%	59.38%	39.13%	64.29%
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
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$39.11M	$36.53M	$43.52M	$61.10M	$36.90M	$48.80M	$19.70M	$17.70M	$19.40M	$38.60M		$3.400M
YoY Change	7.08%	-16.07%	-28.77%	65.58%	-24.39%	147.72%	11.3%	-8.76%	-49.74%
Long-Term Debt	$1.808B	$1.998B	$1.927B	$1.814B	$1.960B	$1.402B	$885.3M	$710.8M	$742.1M	$670.6M	$0.00	$0.00	$0.00
YoY Change	-9.51%	3.68%	6.2%	-7.42%	39.83%	58.32%	24.55%	-4.22%	10.66%
Other Long-Term Liabilities	$2.931M	$3.063M	$2.478M	$2.000M	$2.500M	$8.500M	$2.900M	$2.000M	$2.100M	$3.100M	$0.00
YoY Change	-4.31%	23.61%	23.9%	-20.0%	-70.59%	193.1%	45.0%	-4.76%	-32.26%
Total Long-Term Liabilities	$1.811B	$2.001B	$1.929B	$1.816B	$1.962B	$1.410B	$888.2M	$712.8M	$744.2M	$673.7M	$0.00	$0.00	$0.00
YoY Change	-9.5%	3.71%	6.22%	-7.44%	39.17%	58.76%	24.61%	-4.22%	10.46%
Total Liabilities	$1.839B	$2.040B	$1.975B	$1.876B	$1.983B	$1.442B	$893.0M	$717.5M	$751.2M	$712.8M	$0.00	$3.400M	$0.00
YoY Change	-9.86%	3.34%	5.28%	-5.4%	37.45%	61.52%	24.46%	-4.49%	5.39%		-100.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	101.1M shares	100.2M shares	96.95M shares	96.83M shares	85.21M shares	76.02M shares
Diluted Shares Outstanding	123.5M shares	115.4M shares	110.2M shares	110.1M 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: $1.2791 Billion

About New Mountain Finance Corp

New Mountain Finance Corp., a traded business development company invests in upper middle market companies located in the United States. The company is headquartered in New York City, New York. The company went IPO on 2011-05-20. Its investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. The company makes investments through both primary originations and open-market secondary purchases. The company invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position. The firm invests in various sectors, such as software, business services, healthcare, education, consumer services, distribution and logistics, packaging, financial services, and others. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company.

Industry: UNKNOWN Peers: AssetMark Financial Holdings, Inc. Barings BDC, Inc. Blackstone Inc. VIRTUS INVESTMENT PARTNERS, INC. Oaktree Specialty Lending Corp GCM Grosvenor Inc. Goldman Sachs BDC, Inc. Hercules Capital, Inc. P10, Inc. Sixth Street Specialty Lending, Inc.