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NMFCNew Mountain Finance Corporation
$7.06$667M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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NMFC logo

New Mountain Finance Corporation

NMFC
NASDAQ · Asset Management
$7.06
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$667M
P/E50.4x
52W High$9.91
Volume333.56K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Deleveraging BDC Faces Thin NIM and Credit Uncertainty

NMFC is undergoing a deliberate deleveraging, with total assets contracting 29% from $3.4B in mid-2024 to $2.4B by Q2 2026, while maintaining a debt-to-equity ratio of 1.41x near regulatory limits. Net interest income grew 16.2% QoQ to $36.8M in Q2 2026, but n...

GrowthMixed
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

NMFC price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

1/12 Beats

EPS beat 1 of last 12 quarters

02

Valuation risk

+390% Peers

P/E is 390% above peer median

03

Market leadership

RS 32 · Lag

Laggard (Underperforming 68% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 3

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NMFC-14.53%
S&P 500 (^GSPC)+12.39%
1-Year Return
NMFC-15.20%
S&P 500 (^GSPC)+15.77%
3-Year Return
NMFC-13.64%
S&P 500 (^GSPC)+77.35%
5-Year Return
NMFC+2.17%
S&P 500 (^GSPC)+73.49%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
50.4x
Forward P/EExpansion
6.5x
EV/EBITDA80th %ile
129.7x
FCF YieldCash Flow
56.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
50.4x
10.9x
80th· High
EV/EBITDA
129.7x
12.6x
80th· High
Price/FCF
1.8x
20.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$15M-92.3% YoY
Net income
$16M-85.5% YoY
Free cash flow
$379M+802.4% YoY
Operating margin
12.6%-64.4 pts YoY
ROIC (TTM)0.4%
Avg ROIC 5Y-
ROE (TTM)1.3%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate1/12 (8%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$0.26-0.8%
vs $0.26
$61M-2.1%
vs $63M
Q2 2026
May 4, 2026
$0.32+0.0%
vs $0.32
$69M+1.5%
vs $68M
Q1 2026
Feb 24, 2026
$0.32+0.0%
vs $0.32
$77M-1.9%
vs $79M
Q4 2025
Nov 3, 2025
$0.32+0.0%
vs $0.32
$81M+1.8%
vs $79M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·6d ago
Corient Private Wealth LP Buys 254,361 Shares of New Mountain Finance Corporation $NMFC

Corient Private Wealth LP raised its stake in New Mountain Finance Corporation (NASDAQ: NMFC) by 29.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,125,657 shares of the company's stock after acquiring an additional 254,361 shares during the period. Corient Private

Forbes·Aug 15, 2026
5 Dividend Stocks Wall Street Hates Paying Up To 12.9%

500 out of 500.

Defense World·Aug 6, 2026
New Mountain Finance Q2 Earnings Call Highlights

New Mountain Finance (NASDAQ: NMFC) reported second-quarter adjusted net investment income of $0.26 per share, covering its $0.25 per-share cash dividend, while net asset value declined modestly and non-accruals improved from the prior quarter. Chairman Steve Klinsky said the business development company's net asset value was $10.89 per share at June 30, down $0.03, or 30

MarketBeat·Aug 4, 2026
New Mountain Finance Q2 Earnings Call Highlights

New Mountain Finance NASDAQ: NMFC reported second-quarter adjusted net investment income of $0.26 per share, covering its $0.25 per-share cash dividend, while net asset value declined modestly and non-accruals improved from the prior quarter.

Filtered for New Mountain Finance CorporationMore Headlines
04

Compare before deciding

Benchmark NMFC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for New Mountain Finance Corporation (NMFC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NMFC logoNMFCNew Mountain Finance CorporationCurrent
$7.06$666.83M50.43-92.32%11.9%1.29%15.87%
ARCC logoARCCAres Capital Corporation
$19.15$13.75B10.30-11.83%45.18%6.78%—
FSCO logoFSCOFS Credit Opportunities Corp.
$5.27$1.07B6.93-18.64%———
GBDC logoGBDCGolub Capital BDC, Inc.
$12.45$3.24B8.7744.68%20.51%3.82%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.92$199.75M4.0355.25%45.97%10.97%—
CGBD logoCGBDCarlyle Secured Lending, Inc.
$11.22$779.76M11.1110.5%15.53%3.25%—

Compare NMFC vs Peers

New Mountain Finance Corporation (NMFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for NMFC.

Scale Benchmark

vs BAC

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

Peer Set

Compare Top 5

vs ARCC, FSCO, GBDC, TPVG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NMFC SEC Filings & Documents

New Mountain Finance Corporation (NMFC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Jun 18, 2026·SEC

Material company update

Jun 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 3, 2026·SEC

FY 2026

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

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NMFC Frequently Asked Questions

New Mountain Finance Corporation (NMFC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is New Mountain Finance Corporation growing?

New Mountain Finance Corporation (NMFC) saw revenue decline by 92.3% over the past year.

Is NMFC profitable?

New Mountain Finance Corporation (NMFC) reported a net loss of $48.4M for fiscal year 2025.

Dividend & Returns
Does NMFC pay dividends?

Yes, New Mountain Finance Corporation (NMFC) pays a dividend with a yield of 15.87%. This makes it attractive for income-focused investors.

What is NMFC's return on equity?

New Mountain Finance Corporation (NMFC) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

Industry Metrics
What is New Mountain Finance Corporation's net interest margin?

New Mountain Finance Corporation (NMFC) has a net interest margin (NIM) of 4.0%. This indicates healthy earnings from lending activities.

What is New Mountain Finance Corporation's efficiency ratio?

New Mountain Finance Corporation (NMFC) has an efficiency ratio of -1.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in NMFC back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →