Last 47 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Main Street Capital Corporation's quarterly P/E stands at 10.3x, up 39.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 35.9% YoY to 14.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.25 | 10.34 | 11.52 | 10.78 | 10.79 | 7.43 | 8.83 | 10.61 | 9.39 | 6.55 | 8.13 | 7.58 | 9.87 |
| — | +39.1% | +30.5% | +1.7% | +15.0% | +13.5% | +8.6% | +39.9% | -4.8% | -2.9% | -28.5% | -84.3% | -15.8% | |
| P/S Ratio | 7.91 | 6.68 | 7.72 | 7.43 | 7.35 | 5.85 | 5.93 | 6.86 | 6.30 | 5.14 | 5.58 | 5.15 | 6.18 |
| — | +14.2% | +30.2% | +8.4% | +16.7% | +13.8% | +6.2% | +33.2% | +1.9% | +7.4% | -17.5% | -59.5% | -21.2% | |
| P/B Ratio | 1.69 | 1.81 | 1.93 | 1.83 | 1.77 | 1.85 | 1.63 | 1.69 | 1.60 | 1.47 | 1.42 | 1.43 | 1.44 |
| — | -2.1% | +18.7% | +8.4% | +10.3% | +25.6% | +14.6% | +17.6% | +10.8% | +8.1% | +11.4% | -5.3% | -11.5% | |
| P/FCF | 14.68 | 13.10 | 15.65 | 12.86 | 21.71 | 8.93 | 15.15 | — | — | 7.12 | 9.32 | 29.18 | 39.30 |
| — | +46.8% | +3.3% | — | — | +25.3% | +62.4% | — | — | -15.5% | — | -57.7% | +141.2% | |
| EV / EBITDA | 14.27 | 14.34 | 14.60 | 14.60 | 14.50 | 10.55 | 11.97 | 14.33 | 12.62 | 9.74 | 11.90 | 11.26 | 14.51 |
| — | +35.9% | +22.0% | +1.9% | +14.9% | +8.3% | +0.7% | +27.3% | -13.0% | -9.4% | -39.3% | -75.7% | -16.0% | |
| EV / EBIT | 14.45 | 14.36 | 14.60 | 14.60 | 14.50 | 10.55 | 11.97 | 14.33 | 12.62 | 9.74 | 11.90 | 11.26 | 14.51 |
| — | +36.1% | +22.0% | +1.9% | +14.9% | +8.3% | +0.7% | +27.3% | -13.0% | -9.4% | -39.3% | -75.7% | -16.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Main Street Capital Corporation's operating margin was 67.3% in Q4 2025, down 5.3 pp QoQ and down 10.1 pp YoY. The trailing four-quarter average of 70.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 18.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 82.3% | 81.7% | 81.7% | 84.6% | 81.9% | 81.6% | 83.3% | 86.3% | 82.5% | 83.0% | 80.3% |
| — | +18.2% | +0.5% | +0.1% | -1.8% | -1.9% | -0.7% | -1.6% | +3.7% | +1.9% | +6.8% | +20.5% | -3.1% | |
| Operating Margin | 80.7% | 67.3% | 72.6% | 71.5% | 72.3% | 77.4% | 73.4% | 71.7% | 73.9% | 77.9% | 72.8% | 73.3% | 69.1% |
| — | -13.0% | -1.1% | -0.4% | -2.1% | -0.7% | +0.8% | -2.2% | +6.9% | +4.3% | +18.4% | +62.5% | -4.2% | |
| Net Margin | 76.6% | 64.6% | 67.3% | 69.1% | 68.0% | 78.8% | 67.1% | 64.7% | 67.0% | 78.3% | 68.4% | 67.8% | 62.7% |
| — | -18.0% | +0.4% | +6.7% | +1.5% | +0.5% | -2.0% | -4.6% | +6.9% | +10.6% | +15.4% | +155.5% | -6.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.0% | 4.4% | 4.3% | 4.3% | 4.1% | 6.3% | 4.7% | 4.0% | 4.3% | 5.7% | 4.5% | 4.8% | 3.7% |
| — | -30.3% | -9.7% | +6.2% | -4.0% | +10.6% | +5.4% | -16.2% | +15.4% | +10.3% | +55.1% | +509.8% | +4.4% | |
| ROA | 9.1% | 2.4% | 2.3% | 2.3% | 2.2% | 3.4% | 2.5% | 2.1% | 2.3% | 3.1% | 2.3% | 2.4% | 1.9% |
| — | -30.1% | -5.2% | +9.8% | -4.1% | +9.3% | +6.2% | -13.5% | +24.9% | +23.0% | +67.1% | +530.5% | +6.9% | |
| ROIC | 7.5% | 1.9% | 2.0% | 1.9% | 1.8% | 2.6% | 2.1% | 1.8% | 2.0% | 2.4% | 1.9% | 2.0% | 1.6% |
| — | -25.7% | -6.7% | +2.1% | -7.7% | +8.2% | +9.7% | -10.8% | +25.9% | +16.8% | +72.6% | +303.3% | +9.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Main Street Capital Corporation's Debt/EBITDA ratio is 18.0x, up from 16.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 11479.3% YoY to 449.84x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 0.73 | 0.77 | 0.79 | 0.76 | 0.82 | 0.85 | 0.81 | 0.73 | 0.82 | 0.90 | 0.92 |
| — | +8.2% | -10.3% | -9.8% | -2.6% | +4.3% | +0.1% | -4.9% | -11.1% | -23.3% | -20.7% | -10.0% | -5.4% | |
| Debt / EBITDA | 4.67 | 17.98 | 16.12 | 17.48 | 18.25 | 12.40 | 16.21 | 19.32 | 17.35 | 13.03 | 17.61 | 17.55 | 22.69 |
| — | +45.0% | -0.6% | -9.5% | +5.2% | -4.8% | -8.0% | +10.1% | -23.5% | -26.9% | -50.4% | -76.3% | -12.1% | |
| Current Ratio | 449.84 | 449.84 | 0.74 | 1.87 | 2.59 | 3.88 | 4.26 | 2.00 | 2.54 | 4.00 | 2.12 | 2.49 | 1.10 |
| — | +11479.3% | -82.7% | -6.5% | +2.1% | -2.8% | +101.0% | -19.6% | +131.2% | +176.5% | -13.6% | +70.2% | +99.5% | |
| Quick Ratio | 449.84 | 449.84 | 0.74 | 1.87 | 2.59 | 3.88 | 4.26 | 2.00 | 2.54 | 4.00 | 2.12 | 2.49 | 1.10 |
| — | +11479.3% | -82.7% | -6.5% | +2.1% | -2.8% | +101.0% | -19.6% | +131.2% | +176.5% | -13.6% | +70.2% | +99.5% | |
| Interest Coverage | — | — | 4.11 | 3.90 | 3.96 | 5.03 | 4.05 | 3.90 | 4.41 | 5.67 | 4.16 | 4.30 | 3.51 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying MAIN stock.
Main Street Capital Corporation's current P/E is 10.3x. The average P/E over the last 4 quarters is 10.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Main Street Capital Corporation's current operating margin is 80.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Main Street Capital Corporation's business trajectory between earnings reports.