NMFC
New Mountain Finance Corporation
Asset Management
Market Cap$806M
5Y Perf.-10.2%
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Stock Comparison
NMFC vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$226M
5Y Perf.-44.4%
NMFC vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | NMFC | TPVG |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $806M | $226M |
| Revenue (TTM) | $370M | $97M |
| Net Income (TTM) | $-58M | $46M |
| Gross Margin | 83.6% | 83.5% |
| Operating Margin | 38.0% | 77.9% |
| Forward P/E | 7.7x | 6.0x |
| Total Debt | $1.67B | $469M |
| Cash & Equiv. | $81M | $20M |
NMFC vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
NMFC
TPVG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| New Mountain Financ… (NMFC) | 100 | 89.8 | -10.2% |
| TriplePoint Venture… (TPVG) | 100 | 55.6 | -44.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NMFC vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TPVG leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. New Mountain Finance Corporation is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
NMFC
New Mountain Finance Corporation
The Banking Pick
NMFC is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.59, yield 13.1%
- Lower volatility, beta 0.59, current ratio 0.57x
- Beta 0.59, yield 13.1%, current ratio 0.57x
Best for: income & stability and sleep-well-at-night
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 87.8% 10Y total return vs NMFC's 76.4%
- NIM 7.4% vs NMFC's 6.7%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs NMFC's 12.3% |
| Value | TPVG | Lower P/E (6.0x vs 7.7x) |
| Quality / Margins | TPVG | Efficiency ratio 0.1% vs NMFC's 0.5% (lower = leaner) |
| Stability / Safety | NMFC | Beta 0.59 vs TPVG's 0.83 |
| Dividends | NMFC | 13.1% yield, 1-year raise streak, vs TPVG's 18.4% |
| Momentum (1Y) | TPVG | +8.6% vs NMFC's -3.4% |
| Efficiency (ROA) | TPVG | Efficiency ratio 0.1% vs NMFC's 0.5% |
NMFC vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTPVGLAGGINGNMFC
NMFCNew Mountain Finance …
2leads
TPVGTriplePoint Venture G…
3leads
6 Total Categories
CATEGORYLEADERvs NMFCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TPVG3/5
Valuation MetricsMultiples, price ratios, and targets
TPVG3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TPVG8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
NMFC4/6
Risk & VolatilityBeta, volatility, and downside exposure
NMFC2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
TPVG leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
NMFC is the larger business by revenue, generating $370M annually — 3.8x TPVG's $97M. TPVG is the more profitable business, keeping 50.6% of every revenue dollar as net income compared to NMFC's 4.5%.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| RevenueTrailing 12 months | $370M | $97M |
| EBITDAEarnings before interest/tax | $83M | $63M |
| Net IncomeAfter-tax profit | -$58M | $46M |
| Free Cash FlowCash after capex | $676M | $35M |
| Gross MarginGross profit ÷ Revenue | +83.6% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +38.0% | +77.9% |
| Net MarginNet income ÷ Revenue | +4.5% | +50.6% |
| FCF MarginFCF ÷ Revenue | +102.4% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -3.3% | -100.0% |
TPVG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TPVG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 4.6x trailing earnings, TPVG trades at a 93% valuation discount to NMFC's 60.9x P/E. On an enterprise value basis, NMFC's 7.9x EV/EBITDA is more attractive than TPVG's 8.9x.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| Market CapShares × price | $806M | $226M |
| Enterprise ValueMkt cap + debt − cash | $2.4B | $674M |
| Trailing P/EPrice ÷ TTM EPS | 60.93x | 4.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.67x | 6.04x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.50x |
| EV / EBITDAEnterprise value multiple | 7.90x | 8.90x |
| Price / SalesMarket cap ÷ Revenue | 2.18x | 2.32x |
| Price / BookPrice ÷ Book value/share | 0.87x | 0.63x |
| Price / FCFMarket cap ÷ FCF | 2.13x | — |
TPVG leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
TPVG leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
TPVG delivers a 13.1% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $-5 for NMFC. TPVG carries lower financial leverage with a 1.33x debt-to-equity ratio, signaling a more conservative balance sheet compared to NMFC's 1.41x. On the Piotroski fundamental quality scale (0–9), NMFC scores 6/9 vs TPVG's 5/9, reflecting solid financial health.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| ROE (TTM)Return on equity | -4.8% | +13.1% |
| ROA (TTM)Return on assets | -2.0% | +5.6% |
| ROICReturn on invested capital | +3.5% | +7.2% |
| ROCEReturn on capital employed | +4.8% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.41x | 1.33x |
| Net DebtTotal debt minus cash | $1.6B | $449M |
| Cash & Equiv.Liquid assets | $81M | $20M |
| Total DebtShort + long-term debt | $1.7B | $469M |
| Interest CoverageEBIT ÷ Interest expense | 0.00x | 2.15x |
TPVG leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
NMFC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NMFC five years ago would be worth $11,637 today (with dividends reinvested), compared to $8,097 for TPVG. Over the past 12 months, TPVG leads with a +8.6% total return vs NMFC's -3.4%. The 3-year compound annual growth rate (CAGR) favors NMFC at 2.9% vs TPVG's -2.6% — a key indicator of consistent wealth creation.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| YTD ReturnYear-to-date | -4.0% | -12.7% |
| 1-Year ReturnPast 12 months | -3.4% | +8.6% |
| 3-Year ReturnCumulative with dividends | +8.8% | -7.5% |
| 5-Year ReturnCumulative with dividends | +16.4% | -19.0% |
| 10-Year ReturnCumulative with dividends | +76.4% | +87.8% |
| CAGR (3Y)Annualised 3-year return | +2.9% | -2.6% |
NMFC leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
NMFC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NMFC is the less volatile stock with a 0.59 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NMFC currently trades 77.3% from its 52-week high vs TPVG's 74.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.59x | 0.83x |
| 52-Week HighHighest price in past year | $11.04 | $7.53 |
| 52-Week LowLowest price in past year | $7.47 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +77.3% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 56.1 | 55.8 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 498K |
NMFC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — NMFC and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NMFC as "Hold" and TPVG as "Hold". Consensus price targets imply 60.7% upside for TPVG (target: $9) vs 23.1% for NMFC (target: $11). For income investors, TPVG offers the higher dividend yield at 18.40% vs NMFC's 13.14%.
| Metric | NMFCNew Mountain Fina… | TPVGTriplePoint Ventu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $10.50 | $8.95 |
| # AnalystsCovering analysts | 12 | 12 |
| Dividend YieldAnnual dividend ÷ price | +13.1% | +18.4% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.12 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +6.4% | 0.0% |
Evenly matched — NMFC and TPVG each lead in 1 of 2 comparable metrics.
Key Takeaway
TPVG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). NMFC leads in 2 (Total Returns, Risk & Volatility). 1 tied.
Best OverallTriplePoint Venture Growth … (TPVG)Leads 3 of 6 categories
Loading custom metrics...
NMFC vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NMFC or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus 12. 3% for New Mountain Finance Corporation (NMFC). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 6x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate New Mountain Finance Corporation (NMFC) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NMFC or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 6x versus New Mountain Finance Corporation at 60. 9x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x.
03Which is the better long-term investment — NMFC or TPVG?
Over the past 5 years, New Mountain Finance Corporation (NMFC) delivered a total return of +16.
4%, compared to -19. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +87. 8% versus NMFC's +76. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NMFC or TPVG?
By beta (market sensitivity over 5 years), New Mountain Finance Corporation (NMFC) is the lower-risk stock at 0.
59β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 40% more volatile than NMFC relative to the S&P 500. On balance sheet safety, TriplePoint Venture Growth BDC Corp. (TPVG) carries a lower debt/equity ratio of 133% versus 141% for New Mountain Finance Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — NMFC or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 12. 3% for New Mountain Finance Corporation (NMFC). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -86. 4% for New Mountain Finance Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NMFC or TPVG?
TriplePoint Venture Growth BDC Corp.
(TPVG) is the more profitable company, earning 50. 6% net margin versus 4. 5% for New Mountain Finance Corporation — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 38. 0% for NMFC. At the gross margin level — before operating expenses — NMFC leads at 83. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NMFC or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 0x forward P/E versus 7. 7x for New Mountain Finance Corporation — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 60. 7% to $8. 95.
08Which pays a better dividend — NMFC or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 18. 4%, versus 13. 1% for New Mountain Finance Corporation (NMFC).
09Is NMFC or TPVG better for a retirement portfolio?
For long-horizon retirement investors, New Mountain Finance Corporation (NMFC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
59), 13. 1% yield). Both have compounded well over 10 years (NMFC: +76. 4%, TPVG: +87. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NMFC and TPVG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NMFC is a small-cap income-oriented stock; TPVG is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(NMFC: 12.3% · TPVG: 36.6%)Net Margin>
%
(NMFC: 4.5% · TPVG: 50.6%)P/E Ratio<
x
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