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BCSF logoBain Capital Specialty Finance, Inc.(BCSF)Earnings, Financials & Key Ratios

BCSF•NYSE•Banking & Credit
$13.95
$905M mkt cap·7.5× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
AboutBain Capital Specialty Finance, Inc. is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. It typically invests in companies with EBITDA between $10 million and $150 million.Show more
  • Net Interest Income$148M-0.7%
  • Total Revenue$213M-2.3%
  • Net Income$119M-3.2%
  • Return on Equity10.49%-4.2%
  • Net Interest Margin5.61%-6.7%
  • Efficiency Ratio6.72%+30.0%
  • ROA4.68%-4.0%
  • Equity / Assets43.3%-5.8%
  • Book Value per Share17.65+0.3%
  • Tangible BV/Share17.65+0.3%
  • Debt/Equity1.22+10.4%
Technical→

BCSF Key Insights

Bain Capital Specialty Finance, Inc. (BCSF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong NIM of 5.6%
  • ✓Efficient operations: 6.7% efficiency ratio
  • ✓Well capitalized: 43.3% equity/assets
  • ✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BCSF Price & Volume

Bain Capital Specialty Finance, Inc. (BCSF) stock price & volume — 10-year historical chart

Loading chart...

BCSF Growth Metrics

Bain Capital Specialty Finance, Inc. (BCSF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years5.74%
3 Years6.67%
TTM-

Profit CAGR

10 Years-
5 Years4.01%
3 Years-0.11%
TTM-27.45%

EPS CAGR

10 Years-
5 Years-0.21%
3 Years-0.18%
TTM-24.24%

Return on Capital

10 Years3.66%
5 Years3.89%
3 Years4.8%
Last Year5%

BCSF Recent Earnings

Bain Capital Specialty Finance, Inc. (BCSF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 26, 2026
EPS
$0.46
Est $0.45
+2.2%
Revenue
$68M
Est $68M
-0.4%
Q4 2025
Nov 10, 2025
EPS
$0.45
Est $0.45
+0.0%
Revenue
$43M
Est $70M
-38.6%
Q3 2025
Aug 5, 2025
EPS
$0.47
Est $0.43
+9.3%
Revenue
$74M
Est $67M
+10.5%
Q2 2025
May 5, 2025
EPS
$0.50
Est $0.48
+4.2%
Revenue
$52M
Est $71M
-26.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.46vs $0.45+2.2%
$68Mvs $68M-0.4%
Q4 2025Nov 10, 2025
$0.45vs $0.45+0.0%
$43Mvs $70M-38.6%
Q3 2025Aug 5, 2025
$0.47vs $0.43+9.3%
$74Mvs $67M+10.5%
Q2 2025May 5, 2025
$0.50vs $0.48+4.2%
$52Mvs $71M-26.8%
Based on last 12 quarters of dataView full earnings history →

BCSF Peer Comparison

Bain Capital Specialty Finance, Inc. (BCSF) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor13.76B19.1610.3032.87%8.11%1.12
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.47B13.319.3742.5%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor866.09M11.887.52-2.92%6.2%1.07
SLRC logoSLRCSLR Investment Corp.Direct Competitor761.04M13.958.2124.76%7.31%1.15
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor913.8M9.2112.792.2%3.23%1.65
TRIN logoTRINTrinity Capital Inc.Direct Competitor1.2B17.288.82-2.19%14.73%1.20
FSK logoFSKFS KKR Capital Corp.Product Competitor3.2B11.42290.595.5%0.18%1.31

Compare BCSF vs Peers

Bain Capital Specialty Finance, Inc. (BCSF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for BCSF.

Scale Benchmark

vs BAC

Larger-name benchmark to compare BCSF against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, GBDC, TPVG, CGBD

BCSF Income Statement

Bain Capital Specialty Finance, Inc. (BCSF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Net Interest Income841.53K-3.94M-24.01M113.59M110.89M116M113.95M148.54M147.55M133.25M
NII Growth %--568.75%-508.69%573.06%-2.38%4.61%-1.76%30.35%-0.67%-43.05%
Net Interest Margin %0.48%-0.4%-1.34%4.29%4.26%4.51%4.4%6.01%5.61%4.91%
Interest Income868.55K-329.73K0179.92M174.2M167.34M166.27M228.55M222.24M215.12M
Interest Expense27.02K3.62M24.01M66.33M63.31M51.34M52.32M80.01M74.69M81.87M
Loan Loss Provision098.35K-23.5M0000000
Non-Interest Income1.08M24.84M73.59M-18.87M-96.98M8.06M2.55M-10.55M-9.36M-23.07M
Non-Interest Income %55.44%101.35%100%-11.72%-125.59%4.6%1.51%-4.84%-4.4%-12.01%
Total Revenue
1.95M▲ 0%
24.51M▲ 1157.5%
73.59M▲ 200.3%
161.04M▲ 118.8%
77.22M▼ 52.1%
175.41M▲ 127.2%
168.82M▼ 3.8%
218M▲ 29.1%
212.88M▼ 2.3%
192.05M▲ 0%
Revenue Growth %-1157.48%200.27%118.83%-52.05%127.15%-3.75%29.13%-2.35%-49.86%
Non-Interest Expense1.31M3.07M19.35M-3.37M5.4M4.12M10.19M11.26M14.3M12.85M
Efficiency Ratio67.37%12.52%26.3%-2.09%6.99%2.35%6.04%5.16%6.72%6.69%
Operating Income
608.98K▲ 0%
18.15M▲ 2881.1%
69.26M▲ 281.5%
98.08M▲ 41.6%
8.51M▼ 91.3%
119.94M▲ 1309.4%
106.32M▼ 11.4%
126.73M▲ 19.2%
123.89M▼ 2.2%
97.34M▲ 0%
Operating Margin %31.24%74.07%94.11%60.91%11.02%68.38%62.97%58.13%58.2%50.68%
Operating Income Growth %-2881.07%281.52%41.61%-91.32%1309.41%-11.36%19.2%-2.24%-
Pretax Income
608.98K▲ 0%
19.3M▲ 3069.3%
26.64M▲ 38.1%
98.08M▲ 268.1%
8.51M▼ 91.3%
119.94M▲ 1309.4%
106.32M▼ 11.4%
126.73M▲ 19.2%
123.89M▼ 2.2%
97.34M▲ 0%
Pretax Margin %31.24%78.75%36.21%60.91%11.02%68.38%62.97%58.13%58.2%50.68%
Income Tax04.88K00232K134K837K3.36M4.47M4.23M
Effective Tax Rate %0%0.03%0%0%2.73%0.11%0.79%2.65%3.61%4.34%
Net Income
608.98K▲ 0%
19.3M▲ 3069.3%
26.64M▲ 38.1%
98.08M▲ 268.1%
8.28M▼ 91.6%
119.81M▲ 1347.3%
105.48M▼ 12.0%
123.38M▲ 17.0%
119.42M▼ 3.2%
93.11M▲ 0%
Net Margin %31.24%78.75%36.21%60.91%10.72%68.3%62.48%56.59%56.1%48.48%
Net Income Growth %-3069.26%38.06%268.12%-91.56%1347.29%-11.96%16.97%-3.21%-27.45%
Net Income (Continuing)608.98K19.3M26.64M98.08M8.28M119.81M105.48M123.38M119.42M93.11M
EPS (Diluted)
0.03▲ 0%
0.98▲ 3092.2%
0.68▼ 30.6%
1.87▲ 175.0%
0.14▼ 92.5%
1.86▲ 1228.6%
1.63▼ 12.4%
1.91▲ 17.2%
1.85▼ 3.1%
1.44▲ 0%
EPS Growth %-3092.18%-30.61%175%-92.51%1228.57%-12.37%17.18%-3.14%-24.24%
EPS (Basic)0.030.980.691.870.141.861.631.911.85-
Diluted Shares Outstanding19.82M19.82M39.11M52.33M58.67M64.56M64.56M64.56M64.56M64.87M

BCSF Balance Sheet

Bain Capital Specialty Finance, Inc. (BCSF) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash & Short Term Investments66.73M140.92M15.28M37.34M54.68M117.42M59.78M49.4M53.52M196.5M
Cash & Due from Banks66.73M140.92M15.28M37.34M54.68M117.42M59.78M49.4M53.52M67.04M
Short Term Investments00-100000000
Total Investments0831.58M307.57M2.53B2.48B2.29B2.39B2.3B2.43B2.55B
Investments Growth %---63.01%721.62%-1.68%-7.65%4.04%-3.72%5.78%-187.46%
Long-Term Investments0831.58M307.57M2.53B2.48B2.29B2.39B2.3B2.43B4.9B
Accounts Receivables616.58K0045.44M29.24M68M66.12M41.48M82.67M37.24M
Goodwill & Intangibles0000000000
Goodwill0000000000
Intangible Assets0000000000
PP&E (Net)0000000000
Other Assets109.37M5.81M1.45B1.03M-2.48B002.8M4.59M4.53M
Total Current Assets67.49M150.73M31.88M82.78M83.91M185.42M201.72M91.09M196.38M255.72M
Total Non-Current Assets109.37M837.39M1.76B2.53B2.48B2.29B2.39B2.3B2.44B2.46B
Total Assets
176.86M▲ 0%
988.25M▲ 458.8%
1.79B▲ 81.2%
2.65B▲ 47.7%
2.6B▼ 1.6%
2.57B▼ 1.2%
2.59B▲ 0.8%
2.47B▼ 4.6%
2.63B▲ 6.5%
2.72B▲ 0%
Asset Growth %-458.79%81.23%47.71%-1.59%-1.24%0.83%-4.63%6.46%30.54%
Return on Assets (ROA)0.34%3.31%1.92%4.42%0.32%4.63%4.09%4.87%4.68%3.43%
Accounts Payable6.85M15.96M146.39M2.45M14.25M13.68M19.02M20.63M43.46M45.23M
Total Debt59.1M451M634.92M1.57B1.46B1.41B1.39B1.26B1.39B1.5B
Net Debt-7.63M310.08M619.64M1.54B1.4B1.3B1.33B1.21B1.34B1.43B
Long-Term Debt59.1M451M634.92M1.57B1.46B1.41B1.39B1.26B1.39B1.5B
Short-Term Debt0000000000
Other Liabilities565.59K08.07M00000091.13M
Total Current Liabilities6.85M30.29M146.39M52.52M44.43M56.2M90.74M50.57M102.22M91.13M
Total Non-Current Liabilities59.67M451M643M1.57B1.46B1.41B1.39B1.26B1.39B1.5B
Total Liabilities66.51M481.29M789.38M1.63B1.54B1.47B1.48B1.34B1.49B1.59B
Total Equity
110.34M▲ 0%
506.96M▲ 359.4%
1B▲ 97.6%
1.02B▲ 1.7%
1.07B▲ 4.9%
1.1B▲ 3.0%
1.12B▲ 1.5%
1.14B▲ 1.8%
1.14B▲ 0.3%
1.13B▲ 0%
Equity Growth %-359.44%97.57%1.67%4.87%3%1.49%1.8%0.28%-1.42%
Equity / Assets (Capital Ratio)62.39%51.3%55.93%38.49%41.02%42.78%43.06%45.97%43.3%41.55%
Return on Equity (ROE)0.55%6.25%3.53%9.71%0.79%11.05%9.52%10.95%10.49%8.25%
Book Value per Share5.5725.5725.6119.4618.2017.0417.2917.6017.6517.40
Tangible BV per Share5.5725.5725.6119.4618.2017.0417.2917.6017.6517.40
Common Stock5.49K24.98K51K52K65K65K65K65K65K65K
Additional Paid-in Capital109.68M503.53M1.03B1.04B1.17B1.17B1.17B1.17B1.16B1.16B
Retained Earnings-1.03M-3.43M-32.68M-20M-98.51M-68.44M-52.06M-31.98M-19.89M-35.56M
Accumulated OCI06.84M00000000
Treasury Stock0000000000
Preferred Stock0000000000

BCSF Cash Flow Statement

Bain Capital Specialty Finance, Inc. (BCSF) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-100.77M-697.37M-774.25M101.88M75.94M54.49M114.21M125.87M112.58M112.58M
Operating CF Growth %--592.07%-11.02%113.16%-25.47%-28.24%109.59%10.21%-10.55%-157.65%
Net Income608.98K026.64M98.08M8.28M119.81M105.48M123.38M119.42M93.11M
Depreciation & Amortization-38.83K000000000
Deferred Taxes0000000000
Other Non-Cash Items-101.56M-693.3M-801.38M-5.15M80.8M-55.78M17.08M-6.77M-9.75M-39.54M
Working Capital Changes221K-4.07M486K8.95M-13.14M-9.53M-8.35M9.26M2.92M34.23M
Cash from Investing-99.96M-708.07M-828.23M-344.65M13.48M211.06M-431.04M93.4M-139.68M-105.41M
Purchase of Investments-100.31M-781.18M-1.06B-1.41B-525.01M-1.19B-1.42B-844.25M-1.63B-1.34B
Sale/Maturity of Investments347.78K1000K1000K1000K1000K1000K1000K1000K1000K3M
Net Investment Activity-99.96M-780.18M-1.06B-1.41B-524.01M-1.19B-1.42B-843.25M-1.62B-1.34B
Acquisitions0000000000
Other Investing0000000000
Cash from Financing167.5M770.85M667.09M278.25M-76.52M-138.63M238.33M-231.43M14.25M42.88M
Dividends Paid0-7.76M-40.97M-81.25M-86.25M-87.81M-87.8M-99.43M-114.28M-145.68M
Share Repurchases0000000000
Stock Issued109.82M392.74M524.27M-1.82M128.37M00005.48M
Net Stock Activity109.82M392.74M524.27M-1.82M128.37M00005.48M
Debt Issuance (Net)1000K1000K1000K1000K-1000K-1000K1000K-1000K1000K2M
Other Financing-1.42M-5.46M-2.17M000000-785K
Net Change in Cash
66.73M▲ 0%
74.19M▲ 11.2%
-107.65M▼ 245.1%
35.58M▲ 133.0%
12.86M▼ 63.9%
121.88M▲ 848.0%
-77.85M▼ 163.9%
-13.25M▲ 83.0%
-13.42M▼ 1.3%
27.02M▲ 0%
Exchange Rate Effect0707.08K-486.81K92.47K-45K-1000K649K-1000K-571K688K
Cash at Beginning066.73M140.92M33.27M68.85M81.7M203.58M125.73M112.48M174.49M
Cash at End66.73M140.92M33.27M68.85M81.7M203.58M125.73M112.48M99.07M86.77M
Interest Paid0000000000
Income Taxes Paid0000000000
Free Cash Flow
-100.77M▲ 0%
-697.37M▼ 592.1%
-774.25M▼ 11.0%
101.88M▲ 113.2%
75.94M▼ 25.5%
54.49M▼ 28.2%
114.21M▲ 109.6%
125.87M▲ 10.2%
112.58M▼ 10.6%
87.8M▲ 0%
FCF Growth %--592.07%-11.02%113.16%-25.47%-28.24%109.59%10.21%-10.55%-33.8%

BCSF Banking Ratios

Bain Capital Specialty Finance, Inc. (BCSF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20172018201920202021202220232024TTM
Return on Equity (ROE)6.25%3.53%9.71%0.79%11.05%9.52%10.95%10.49%8.25%
Return on Assets (ROA)3.31%1.92%4.42%0.32%4.63%4.09%4.87%4.68%3.43%
Net Interest Margin-0.4%-1.34%4.29%4.26%4.51%4.4%6.01%5.61%4.91%
Efficiency Ratio12.52%26.3%-2.09%6.99%2.35%6.04%5.16%6.72%6.69%
Equity / Assets51.3%55.93%38.49%41.02%42.78%43.06%45.97%43.3%41.55%
Book Value / Share25.5725.6119.4618.217.0417.2917.617.6517.4
NII Growth-568.75%-508.69%573.06%-2.38%4.61%-1.76%30.35%-0.67%-10.78%
Dividend Payout40.19%153.77%82.83%1041.97%73.29%83.24%80.59%95.69%156.46%

BCSF SEC Filings & Documents

Bain Capital Specialty Finance, Inc. (BCSF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 27, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

2
FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 5, 2025·SEC

BCSF Frequently Asked Questions

Bain Capital Specialty Finance, Inc. (BCSF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bain Capital Specialty Finance, Inc. (BCSF) saw revenue decline by 2.3% over the past year.

Yes, Bain Capital Specialty Finance, Inc. (BCSF) is profitable, generating $93.1M in net income for fiscal year 2024 (56.1% net margin).

Dividend & Returns

Yes, Bain Capital Specialty Finance, Inc. (BCSF) pays a dividend with a yield of 12.69%. This makes it attractive for income-focused investors.

Bain Capital Specialty Finance, Inc. (BCSF) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

Industry Metrics

Bain Capital Specialty Finance, Inc. (BCSF) has a net interest margin (NIM) of 5.6%. This indicates healthy earnings from lending activities.

Bain Capital Specialty Finance, Inc. (BCSF) has an efficiency ratio of 6.7%. This is excellent, indicating strong cost control.

Explore More BCSF

Bain Capital Specialty Finance, Inc. (BCSF) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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