MAIN · Main Street Capital CORP
Market Cap
$5.15B
Shares
93.51M
Volume · Sep 30
533.06K
Avg daily vol (3M)
548.43K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$55.94
Open$55.75
Day$55.55–56.83
52W close$49.63–64.60
Avg vol 30d439K
Short int9.4M · 10.0% float · 21.0d
Short vol48%
Last earningsAug 7, 2026
DataJan 2020–Sep 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 7, 2026
Est · unconfirmed
· in 5 wks
filed Aug 7, 2026
call held Aug 7, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$575.05M
Trailing 12 months
Net income (TTM)
$451.34M
Trailing 12 months
Revenue growth YoY
+3.9%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
14.3
Trailing earnings · reciprocal yield 7.0%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$2.48B
Latest balance sheet
Dividend yield
7.7%
Trailing 12 months
Shares change YoY
+4.5%
Year over year · more shares
Price change (1Y)
-11.7%
Trailing year
Short interest
10.0%
Latest settlement · 21.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 7, 2026
Q2 FY26
TL;DR. Main Street Capital reported strong Q2 2026 results with an 18.9% annualized ROE, record NAV per share of $33.92, and a $46 million realized gain from the Center Technologies exit, while guiding Q3 DNII before taxes to at least $0.97 per share citing lower non-recurring income and higher cost of capital.
Bullish
- + Q2 annualized ROE of 18.9% on record NAV per share of $33.92
- + Realized $46 million gain on Center Technologies exit
- + Regular monthly dividends raised 3.9% for Q4 2026 and 20th consecutive supplemental dividend declared
- + Strong liquidity of $1.2 billion and conservative leverage well below targets
- + $65 million of net fair value appreciation and $33 million of net realized gains boosted portfolio value
Bearish
- − Q3 DNII before taxes guided to at least $0.97 per share, $0.11 below Q2 due to lower non-recurring income and higher cost of capital
- − Dividend income decreased $10.4 million year-over-year
- − Operating expenses increased $5.1 million year-over-year driven by higher interest expense
- − Non-accruals at 1.1% of portfolio at fair value and 4.0% at cost
- − Net fair value depreciation on external investment manager due to lower public peer multiples
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Low
Market backdrop
VIX 16 · calm
Equity put/call 0.38
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−1%
below
Price vs 50-day avg
−1%
below
RSI (14)
47
neutral
MACD trend
Negative
52-week position
42%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−5%
trailing
6-month return
+3%
trailing
YTD return
−7%
this year
Relative strength
−10%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $57 › 200d $56 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +42 funds added
Insider flow
Distributing
Net -$1.9M over 90 days · 50% sells
Short interest
Falling
10.02% of float · ▼ -0.7% MoM · 21.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
404 holders — mid 3-yr range
Squeeze score
74
high risk · 0–100
Fundamentals
EPS growth
+1%
Y/Y
Buyback
$20.0M
authorized
Balance sheet
$2.4B
net debt
Quant / Vol
risk profile
Volatility
26%
annualized · 1-yr
Max drawdown
−23%
past year
ATR
1.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed May 7, 2021
Distributable net investment income
· the second quarter
$0.59 – $0.62
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−1%
Neutral
Price vs 50-day avg
−1%
Neutral
RSI (14)
47
Neutral
MACD trend
Negative
Bearish
52-week position
42%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $57 › 200d $56 — 50d above 200d
Institutional flow
Distributing
-5% holders QoQ · +42 funds added
Insider flow
Distributing
Net -$1.9M over 90 days · 50% sells
Short interest
Falling
10.02% of float · ▼ -0.7% MoM · 21.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
404 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $50
Now $56 · 42%
Range high $65
vs 200-day avg -1%
vs 50-day avg -1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| administrative service fee income (External Investment Manager) | $0.2M | the three months ended June 30, 2026 filing | — |
| annualized total return on investments | 17.3% | the three months ended June 30, 2026 filing | — |
| base management fees (External Investment Manager) | $6.2M | the three months ended June 30, 2026 filing | — |
| Distributable net investment income non-GAAP | $97.39M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net investment income 90.32M
+5.81M Share-based compensation expense
+1.26M Deferred compensation expense
= Distributable net investment income 97.39M
|
|||
| Distributable net investment income before taxes non-GAAP | $100.87M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Distributable net investment income 97.39M
+659K Excise tax expense
+2.81M Federal and state income and other tax expenses
= Distributable net investment income before taxes 100.87M
|
|||
| Distributable net investment income before taxes per share—Basic and diluted non-GAAP | $1.08 | the three months ended June 30, 2026 filing | — |
| Distributable net investment income per share—Basic and diluted non-GAAP | $1.04 | the three months ended June 30, 2026 filing | — |
| dividends earned from the External Investment Manager | $2.1M | the three months ended June 30, 2026 filing | — |
| expenses allocated to the External Investment Manager | $6.6M | the three months ended June 30, 2026 filing | — |
| incentive fees, net of waivers (External Investment Manager) | $3M | the three months ended June 30, 2026 filing | — |
| total contribution of the External Investment Manager to net investment income | $8.7M | the three months ended June 30, 2026 filing | — |
| aggregate liquidity | 1.15B | as of June 30, 2026 | — |
| aggregate unused capacity | 1.1B | as of June 30, 2026 | — |
| April 2031 Notes outstanding | 150M | as of June 30, 2026 | — |
| August 2028 Notes outstanding | 350M | as of June 30, 2026 | — |
| Average EBITDA (LMM) | 11.8M | June 30, 2026 | — |
| Average EBITDA (Private Loan) | 39.3M | June 30, 2026 | — |
| Cost (LMM) | 2.55B | June 30, 2026 | — |
| Cost (Private Loan) | 2.12B | June 30, 2026 | — |
| Fair value (LMM) | 3.21B | June 30, 2026 | — |
| Fair value (Private Loan) | 2.09B | June 30, 2026 | — |
| July 2026 Notes outstanding | 500M | as of June 30, 2026 | — |
| March 2029 Notes outstanding | 550M | as of June 30, 2026 | — |
| net asset value | 3.2B | as of June 30, 2026 | — |
| net asset value per share | $33.92 | as of June 30, 2026 | — |
| Number of portfolio companies (LMM) | 94 | June 30, 2026 | — |
| Number of portfolio companies (Private Loan) | 86 | June 30, 2026 | — |
| outstanding borrowings under the Corporate Facility | 26M | as of June 30, 2026 | — |
| outstanding borrowings under the SPV Facility | 215M | as of June 30, 2026 | — |
| SBIC debentures outstanding | 350M | as of June 30, 2026 | — |
| total assets under management (External Investment Manager) | 1.8B | the second quarter of 2026 | — |
| total commitments under the Corporate Facility | 1.24B | as of June 30, 2026 | — |
| total commitments under the SPV Facility | 600M | as of June 30, 2026 | — |
| total fee income, net of waivers (External Investment Manager) | 9.4M | the second quarter of 2026 | — |
| Weighted-average annual effective yield (LMM) | 12.6% | June 30, 2026 | — |
| Weighted-average annual effective yield (Private Loan) | 10.2% | June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MAIN
this stock
Main Street Capital CORP
|
$5.15B | -7.4% | — | — | 10.0% |
|
BLK
BlackRock, Inc.
|
$347.03B | -0.2% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -26.9% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -26.0% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -20.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MAIN | -0.1% | -5.1% | +2.9% | -5.1% | -7.4% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | +1.1% | -4.7% | -10.2% | -4.7% | -19.4% |
Capital returns
Latest dividend
$0.30
/ share · ex Sep 21, 2026
Declared · upcoming
$0.265
/ share · ex Oct 8, 2026
Paid (TTM)
$4.32
/ share · 16 payouts
Dividend yield (TTM, derived)
7.72%
Buyback program
· as of Aug 7, 2026
Authorized
$20.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.