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Main Street Capital Corp. (DE:13M)
FRANKFURT:13M
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.86Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial picture: record NAV, robust ROE, meaningful realized gains, and record lower middle market activity combined with conservative leverage and over $1.2 billion of liquidity. Challenges noted include a decline in interest income driven by lower rates and some non-accruals, modest expense increases, valuation pressure on the external investment manager, and a near‑term $500 million debt maturity. Overall, the highlights materially outweigh the lowlights, with management emphasizing continued pipeline strength, dividend increases, and prudent capital management.Company Guidance
Record NAV per Share
NAV per share reached a record $33.33 at year-end, up $1.068 per share or 5.3% year-over-year and up $0.55 versus the prior quarter.
Strong Return on Equity
Return on equity of 17.7% for the fourth quarter and 17.1% for the full year, demonstrating robust profitability metrics.
Solid DNII Performance and Guidance
Distributable net investment income (DNII) before taxes per share was $1.11 for the quarter (up $0.03 YoY and $0.04 QoQ). Company expects Q1 2026 DNII before taxes of at least $1.04 per share with potential upside.
Material Net Realized Gains and Fair Value Appreciation
Recognized net realized gains of $50.8 million and net fair value appreciation (including realized gains) of $42.5 million in the quarter. For 2025, lower middle market net fair value appreciation totaled $150 million and net realized gains in that strategy were $77 million.
Record Lower Middle Market Investment Activity
Invested over $700 million in the lower middle market in 2025 (largest year ever), including $482 million in 13 new platform companies. In Q4, net increase in lower middle market investments was $253 million—the highest quarterly net activity since 2021.
Strong Private Loan Growth
Completed gross private loan investments of approximately $672 million in 2025. Private loan portfolio represented 43% of total investments at cost, with a Q4 net increase of $109 million.
Quarterly Investment Income Growth
Total investment income for Q4 was $145.5 million, up $5.1 million (3.6%) versus Q4 2024 and up $5.7 million (4.1%) versus Q3 2025, driven by dividend and fee income.
Asset Management Contribution and AUM
External investment manager contributed $9.3 million to NII in Q4 and $34.6 million for the year; investment manager ended the quarter with assets under management of $1.7 billion and generated $4.2 million in incentive fees in Q4.
Capital Strength and Liquidity
Strong liquidity with cash and unused capacity totaling over $1.2 billion after a February facility expansion; regulatory debt-to-equity leverage was a conservative 0.71x and regulatory asset coverage was 2.41x.
Shareholder Distributions Increased
Board declared a supplemental dividend of $0.30 payable in March and monthly regular dividends for 2026 of $0.26 per share (a 4% increase over 2025). Trailing twelve-month supplemental dividends total $1.20 per share (39% above regular monthly dividends).
Diversified Portfolio with Low Concentration
Investments in 189 portfolio companies across industries; largest company (excluding external manager) accounted for 5.2% of investment income and 3.3% of portfolio fair value. Total investment portfolio fair value was 17% above cost; lower middle market fair value was 26% above cost.
Low Non-Accrual Exposure (Fair Value Basis)
Investments on non-accrual status comprised approximately 1% of total investment portfolio at fair value (approximately 3.3% at cost).
DE:13M Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:13M Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | €49.58 | €49.70 | +0.24% |
Nov 06, 2025 | €48.77 | €48.71 | -0.13% |
Aug 13, 2025 | €54.82 | €55.79 | +1.78% |
May 08, 2025 | €44.52 | €45.75 | +2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Main Street Capital Corp. (DE:13M) report earnings?
Main Street Capital Corp. (DE:13M) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Main Street Capital Corp. (DE:13M) earnings time?
Main Street Capital Corp. (DE:13M) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Main Street Capital Corp. stock?
The P/E ratio of Main Street Capital is N/A.
What is DE:13M EPS forecast?
DE:13M EPS forecast for the fiscal quarter 2026 (Q1) is 0.88.