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May 7, 2026·SEC
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May 7, 2026·SEC
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Apr 9, 2026·SEC
MSC Income Fund, Inc.(MSIF)Earnings, Financials & Key Ratios
MSIF•NYSE•Banking & Credit
$13.04
$612M mkt cap·6.8× P/E·Price updated May 7, 2026
AboutMSC Income Fund, Inc. is a Business Development Company specializing in middle market debt and debt and equity investments in lower middle market companies. The fund seeks to invest in management buyouts, recapitalizations, growth financings, refinancing and acquisitions of companies. It invests in companies with revenue between $10 million and $150 million.Show more
- Net Interest Income$105M+33.6%
- Total Revenue$130M+27.4%
- Net Income$89M+56.9%
- Return on Equity13.01%+43.5%
- Net Interest Margin7.62%+18.4%
- Efficiency Ratio-24.75%-598.2%
- ROA6.81%+42.4%
- Equity / Assets53.49%+4.8%
- Book Value per Share15.89+2.1%
- Tangible BV/Share15.89+2.1%
- Debt/Equity0.82-9.8%
MSIF Key Insights
MSC Income Fund, Inc. (MSIF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 7.6%
- ✓Efficient operations: -24.8% efficiency ratio
- ✓Well capitalized: 53.5% equity/assets
- ✓Trading at only 0.8x book value
✗Weaknesses
- ✗Shares diluted 15.7% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MSIF Price & Volume
MSC Income Fund, Inc. (MSIF) stock price & volume — 10-year historical chart
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MSIF Growth Metrics
MSC Income Fund, Inc. (MSIF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years35.82%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years24.85%
TTM56.89%
EPS CAGR
10 Years-
5 Years-
3 Years18.77%
TTM35.46%
Return on Capital
10 Years4.94%
5 Years6.64%
3 Years7.12%
Last Year9.95%
MSIF Recent Earnings
MSC Income Fund, Inc. (MSIF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (33%)●Beat Revenue 1/12 qtrs (33%)
Q1 2026Latest
Feb 26, 2026EPS
$0.37
Est $0.37
+0.0%
Revenue
$35M
Est $36M
-2.6%
Q4 2025
Nov 13, 2025EPS
$0.35
Est $0.37
-5.4%
Revenue
$35M
Est $35M
+0.2%
Q3 2025
Aug 13, 2025EPS
$0.37
Est $0.36
+2.8%
Revenue
$36M
Est $36M
-0.3%
Q2 2025
May 12, 2025EPS
$0.38
Est $0.37
+2.7%
Revenue
$24M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.37vs $0.37+0.0% | $35Mvs $36M-2.6% |
| Q4 2025 | Nov 13, 2025 | $0.35vs $0.37-5.4% | $35Mvs $35M+0.2% |
| Q3 2025 | Aug 13, 2025 | $0.37vs $0.36+2.8% | $36Mvs $36M-0.3% |
| Q2 2025 | May 12, 2025 | $0.38vs $0.37+2.7% | $24M |
Based on last 12 quarters of dataView full earnings history →
MSIF Peer Comparison
MSC Income Fund, Inc. (MSIF) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MAIN | 5.1B | 56.60 | 10.25 | -11.06% | 16.94% | 0.82 | ||
 HTGC | 3.07B | 16.40 | 8.86 | 26.97% | 13.18% | 1.04 | ||
 ARCC | 13.61B | 18.96 | 10.19 | 32.87% | 8.11% | 1.12 | ||
 GBDC | 3.43B | 13.15 | 9.26 | 42.5% | 5.24% | 1.23 | ||
 TPVG | 242.54M | 5.99 | 4.91 | 36.55% | -3.39% | 1.33 | ||
 CSWC | 1.43B | 23.99 | 16.32 | 7.67% | 10.32% | 1.08 | ||
 PFLT | 888M | 8.95 | 12.43 | 2.2% | 11.17% | 1.65 | ||
 FSK | 3.06B | 10.94 | 278.37 | 5.5% | 0.18% | 1.31 |
Compare MSIF vs Peers
MSC Income Fund, Inc. (MSIF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MSIF Income Statement
MSC Income Fund, Inc. (MSIF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 77.36M | 76.95M | 74.86M | 59.77M | 58.07M | -24.42M | -36.46M | 78.78M | 105.23M |
| NII Growth % | 14.84% | -0.53% | -2.72% | -20.16% | -2.85% | -142.06% | -49.28% | 316.09% | 33.57% |
| Net Interest Margin % | 6.91% | 6.71% | 7.02% | 6.73% | 5.08% | -2.21% | -3.2% | 6.43% | 7.62% |
| Interest Income | 95.68M | 101.77M | 100.54M | 76.98M | 72.54M | 0 | 0 | 117.82M | 139.15M |
| Interest Expense | 18.32M | 24.82M | 25.68M | 17.21M | 14.47M | 24.42M | 36.46M | 39.03M | 33.93M |
| Loan Loss Provision | -18.32M | -24.82M | -25.68M | -17.21M | -14.47M | -24.42M | -36.46M | 0 | 1.44M |
| Non-Interest Income | -39.86M | -60.3M | -56.05M | -81.33M | 9.85M | 51.74M | 74.84M | -16.07M | -9.5M |
| Non-Interest Income % | -71.4% | -145.41% | -125.98% | 1870.11% | 11.95% | 100% | 100% | -15.79% | -7.33% |
| Total Revenue | 55.82M▲ 0% | 41.47M▼ 25.7% | 44.49M▲ 7.3% | -4.35M▼ 109.8% | 82.38M▲ 1994.3% | 51.74M▼ 37.2% | 74.84M▲ 44.6% | 101.75M▲ 36.0% | 129.65M▲ 27.4% |
| Revenue Growth % | -20.8% | -25.71% | 7.29% | -109.77% | 1994.3% | -37.19% | 44.64% | 35.96% | 27.42% |
| Non-Interest Expense | 3.2M | 1.19M | 4.04M | 4.17M | 6.86M | 4.51M | 4.86M | 5.05M | -32.09M |
| Efficiency Ratio | 5.73% | 2.87% | 9.09% | -95.91% | 8.32% | 8.72% | 6.5% | 4.97% | -24.75% |
| Operating Income | 52.63M▲ 0% | 40.28M▼ 23.5% | 40.45M▲ 0.4% | -8.52M▼ 121.1% | 75.53M▲ 986.5% | 47.23M▼ 37.5% | 69.98M▲ 48.2% | 57.66M▼ 17.6% | 126.38M▲ 119.2% |
| Operating Margin % | 94.27% | 97.13% | 90.91% | 195.91% | 91.68% | 91.28% | 93.5% | 56.67% | 97.47% |
| Operating Income Growth % | -20.96% | -23.46% | 0.42% | -121.06% | 986.46% | -37.46% | 48.16% | -17.6% | 119.18% |
| Pretax Income | 52.63M▲ 0% | 40.28M▼ 23.5% | 40.45M▲ 0.4% | -8.52M▼ 121.1% | 75.53M▲ 986.5% | 47.23M▼ 37.5% | 69.98M▲ 48.2% | 57.66M▼ 17.6% | 92.45M▲ 60.3% |
| Pretax Margin % | 94.27% | 97.13% | 90.91% | 195.91% | 91.68% | 91.28% | 93.5% | 56.67% | 71.31% |
| Income Tax | 0 | 0 | 820K | 1.24M | 1.89M | 1.64M | 3.77M | 1.11M | 3.72M |
| Effective Tax Rate % | 0% | 0% | 2.03% | -14.59% | 2.5% | 3.48% | 5.39% | 1.92% | 4.02% |
| Net Income | 52.63M▲ 0% | 40.28M▼ 23.5% | 39.63M▼ 1.6% | -9.76M▼ 124.6% | 73.64M▲ 854.2% | 45.59M▼ 38.1% | 66.21M▲ 45.2% | 56.55M▼ 14.6% | 88.73M▲ 56.9% |
| Net Margin % | 94.27% | 97.13% | 89.07% | 224.49% | 89.38% | 88.1% | 88.47% | 55.58% | 68.44% |
| Net Income Growth % | -20.96% | -23.46% | -1.62% | -124.64% | 854.24% | -38.09% | 45.23% | -14.58% | 56.89% |
| Net Income (Continuing) | 52.63M | 40.28M | 39.63M | -9.76M | 73.64M | 45.59M | 66.21M | 56.55M | 88.73M |
| EPS (Diluted) | 1.33▲ 0% | 1.02▼ 23.3% | 1.02▲ 0.0% | -0.24▼ 123.5% | 1.84▲ 866.7% | 1.14▼ 38.0% | 1.65▲ 44.7% | 1.41▼ 14.5% | 1.91▲ 35.5% |
| EPS Growth % | -20.83% | -23.31% | 0% | -123.53% | 866.67% | -38.04% | 44.74% | -14.55% | 35.46% |
| EPS (Basic) | 1.33 | 1.02 | 1.02 | -0.24 | 1.84 | 1.14 | 1.65 | 1.41 | 1.91 |
| Diluted Shares Outstanding | 39.62M | 39.62M | 39.38M | 39.61M | 39.94M | 40M | 40.13M | 40.17M | 46.5M |
MSIF Balance Sheet
MSC Income Fund, Inc. (MSIF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 45.79M | 21.76M | 21.85M | 8.59M | 25.81M | 21.31M | 30.79M | 28.38M | 20.64M |
| Cash & Due from Banks | 45.79M | 21.76M | 21.85M | 8.59M | 25.81M | 21.31M | 30.79M | 28.38M | 20.64M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.05B | 1.11B | 1.03B | 825.52M | 1.08B | 1.07B | 1.09B | 1.18B | 1.34B |
| Investments Growth % | 6.08% | 5.44% | -7.14% | -19.66% | 30.48% | -0.83% | 2.32% | 7.74% | 13.41% |
| Long-Term Investments | 1.05B | 1.11B | 1.03B | 825.52M | 1.08B | 1.07B | 1.09B | 1.18B | 1.34B |
| Accounts Receivables | 13.6M | 10.21M | 8.75M | 8.3M | 34.72M | 12.38M | 10.71M | 12.07M | 12.27M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | -1.05B | -1.11B | 3.52M | 2.69M | 4.05M | 2.91M | 3.42M | 2.61M | 12.74M |
| Total Current Assets | 45.79M | 21.76M | 35M | 59.81M | 62.59M | 36.11M | 43.59M | 44.55M | 32.91M |
| Total Non-Current Assets | 1.07B | 1.13B | 1.03B | 828.21M | 1.08B | 1.07B | 1.1B | 1.18B | 1.35B |
| Total Assets | 1.12B▲ 0% | 1.15B▲ 2.5% | 1.07B▼ 7.1% | 888.02M▼ 16.7% | 1.14B▲ 28.8% | 1.11B▼ 3.2% | 1.14B▲ 3.0% | 1.22B▲ 7.4% | 1.38B▲ 12.8% |
| Asset Growth % | 8.27% | 2.54% | -7.09% | -16.7% | 28.8% | -3.2% | 2.96% | 7.44% | 12.77% |
| Return on Assets (ROA) | 4.89% | 3.55% | 3.58% | -1% | 7.25% | 4.05% | 5.89% | 4.78% | 6.81% |
| Accounts Payable | 34.06M | 4.68M | 1.43M | 2.09M | 7.33M | 1.29M | 461K | 4.72M | 22.72M |
| Total Debt | 0 | 0 | 445M | 301.82M | 502.87M | 470.54M | 484.84M | 565.14M | 602.75M |
| Net Debt | -45.79M | -21.76M | 423.15M | 293.23M | 477.06M | 449.23M | 454.06M | 536.77M | 582.12M |
| Long-Term Debt | 0 | 0 | 445M | 301.82M | 502.87M | 470.54M | 484.84M | 565.14M | 602.75M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 362K | 3.26M | 0 | 8.52M |
| Total Current Liabilities | 0 | 0 | 11.81M | 6.58M | 27.73M | 26.59M | 29.49M | 34.63M | 31.11M |
| Total Non-Current Liabilities | 0 | 0 | 445M | 301.82M | 502.87M | 470.91M | 488.1M | 565.14M | 611.27M |
| Total Liabilities | 471.27M | 522.06M | 456.81M | 308.4M | 530.61M | 497.5M | 517.59M | 599.77M | 642.37M |
| Total Equity | 647.79M▲ 0% | 625.37M▼ 3.5% | 609.3M▼ 2.6% | 579.62M▼ 4.9% | 613.17M▲ 5.8% | 609.66M▼ 0.6% | 622.31M▲ 2.1% | 624.9M▲ 0.4% | 738.66M▲ 18.2% |
| Equity Growth % | 8.36% | -3.46% | -2.57% | -4.87% | 5.79% | -0.57% | 2.07% | 0.42% | 18.2% |
| Equity / Assets (Capital Ratio) | 57.89% | 54.5% | 57.15% | 65.27% | 53.61% | 55.07% | 54.59% | 51.03% | 53.49% |
| Return on Equity (ROE) | 8.45% | 6.33% | 6.42% | -1.64% | 12.35% | 7.46% | 10.75% | 9.07% | 13.01% |
| Book Value per Share | 16.35 | 15.78 | 15.47 | 14.63 | 15.35 | 15.24 | 15.51 | 15.55 | 15.89 |
| Tangible BV per Share | 16.35 | 15.78 | 15.47 | 14.63 | 15.35 | 15.24 | 15.51 | 15.55 | 15.89 |
| Common Stock | 80K | 79K | 78K | 80K | 80K | 80K | 40K | 40K | 47K |
| Additional Paid-in Capital | 685.59M | 678.63M | 675.55M | 682.03M | 682.43M | 684.16M | 686.18M | 689.58M | 782.01M |
| Retained Earnings | -37.88M | -53.34M | -66.33M | -102.48M | -69.34M | -74.58M | -63.91M | -64.72M | -43.4M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MSIF Cash Flow Statement
MSC Income Fund, Inc. (MSIF) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 12.21M | -39.82M | 120.16M | 195.82M | -191.15M | 76.68M | 50.23M | -28.08M | 41.84M |
| Operating CF Growth % | 117.06% | -426.2% | 401.74% | 62.97% | -197.61% | 140.11% | -34.49% | -155.89% | 249.03% |
| Net Income | 52.63M | 40.28M | 39.63M | -9.76M | 73.64M | 45.59M | 66.21M | 56.55M | 9.5M |
| Depreciation & Amortization | 3.19M | 1.74M | 1.72M | 1.66M | 0 | 0 | 0 | 0 | -36.43M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.59M |
| Other Non-Cash Items | -37.07M | -83.4M | 78.45M | 202.07M | -265.24M | 28.19M | -17.91M | -79.17M | 72.88M |
| Working Capital Changes | -6.54M | 1.55M | 357K | 1.85M | 452K | 2.9M | 1.93M | -5.46M | -9.7M |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -112.19M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -411.06M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 298.87M |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -112.19M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 9.86M | 15.79M | -120.07M | -168.6M | 167.9M | -81.18M | -40.76M | 25.66M | 62.61M |
| Dividends Paid | -26.36M | -28.51M | -30.08M | -18.49M | -18.73M | -33.02M | -36.44M | -39.76M | -51.57M |
| Share Repurchases | -22.97M | -34.29M | -25.61M | -6.09M | -10.06M | -15.98M | -24.43M | -20.72M | -11.65M |
| Stock Issued | 51.11M | 0 | 0 | 0 | 674K | 750K | 8.5M | 7M | 90.53M |
| Net Stock Activity | 28.14M | -34.29M | -25.61M | -6.09M | -9.39M | -15.23M | -15.93M | -13.73M | 78.89M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Other Financing | -8.91M | -414K | -376K | -833K | -6.36M | -425K | -2.39M | -851K | 0 |
| Net Change in Cash | 22.07M▲ 0% | -24.03M▼ 208.9% | 89K▲ 100.4% | 27.22M▲ 30484.3% | -23.25M▼ 185.4% | -4.5M▲ 80.6% | 9.47M▲ 310.5% | -2.41M▼ 125.4% | -7.74M▼ 221.0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 23.72M | 45.79M | 21.76M | 21.85M | 49.07M | 25.81M | 21.31M | 30.79M | 28.38M |
| Cash at End | 45.79M | 21.76M | 21.85M | 49.07M | 25.81M | 21.31M | 30.79M | 28.38M | 20.64M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 12.21M▲ 0% | -39.82M▼ 426.2% | 120.16M▲ 401.7% | 195.82M▲ 63.0% | -191.15M▼ 197.6% | 76.68M▲ 140.1% | 50.23M▼ 34.5% | -28.08M▼ 155.9% | -70.35M▼ 150.6% |
| FCF Growth % | 117.06% | -426.2% | 401.74% | 62.97% | -197.61% | 140.11% | -34.49% | -155.89% | -150.57% |
MSIF Banking Ratios
MSC Income Fund, Inc. (MSIF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.14% | 8.45% | 6.33% | 6.42% | -1.64% | 12.35% | 7.46% | 10.75% | 9.07% | 13.01% |
| Return on Assets (ROA) | 6.44% | 4.89% | 3.55% | 3.58% | -1% | 7.25% | 4.05% | 5.89% | 4.78% | 6.81% |
| Net Interest Margin | 6.52% | 6.91% | 6.71% | 7.02% | 6.73% | 5.08% | -2.21% | -3.2% | 6.43% | 7.62% |
| Efficiency Ratio | 5.53% | 5.73% | 2.87% | 9.09% | -95.91% | 8.32% | 8.72% | 6.5% | 4.97% | -24.75% |
| Equity / Assets | 57.84% | 57.89% | 54.5% | 57.15% | 65.27% | 53.61% | 55.07% | 54.59% | 51.03% | 53.49% |
| Book Value / Share | 15.09 | 16.35 | 15.78 | 15.47 | 14.63 | 15.35 | 15.24 | 15.51 | 15.55 | 15.89 |
| NII Growth | - | 14.84% | -0.53% | -2.72% | -20.16% | -2.85% | -142.06% | -49.28% | 316.09% | 33.57% |
| Dividend Payout | 33.58% | 50.08% | 70.78% | 75.92% | - | 25.43% | 72.43% | 55.03% | 70.3% | 58.12% |
MSIF SEC Filings & Documents
MSC Income Fund, Inc. (MSIF) SEC filings — annual & quarterly reports (10-K, 10-Q)
MSIF Frequently Asked Questions
MSC Income Fund, Inc. (MSIF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MSC Income Fund, Inc. (MSIF) grew revenue by 27.4% over the past year. This is strong growth.
Yes, MSC Income Fund, Inc. (MSIF) is profitable, generating $88.7M in net income for fiscal year 2025 (68.4% net margin).
Dividend & Returns
Yes, MSC Income Fund, Inc. (MSIF) pays a dividend with a yield of 8.51%. This makes it attractive for income-focused investors.
MSC Income Fund, Inc. (MSIF) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.
Industry Metrics
MSC Income Fund, Inc. (MSIF) has a net interest margin (NIM) of 7.6%. This indicates healthy earnings from lending activities.
MSC Income Fund, Inc. (MSIF) has an efficiency ratio of -24.8%. This is excellent, indicating strong cost control.
Explore More MSIF
MSC Income Fund, Inc. (MSIF) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
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
Valuation
DCF intrinsic value, peer multiples & estimates