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NMFCNew Mountain Finance Corporation
$7.16$676M
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NMFC logoNew Mountain Finance Corporation(NMFC)Earnings, Financials & Key Ratios

NMFC•NASDAQ•Banking & Credit
51.1× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
AboutNew Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $50 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million and target investments up to a $125 million hold size. The fund seeks a majority stake in its portfolio companies.Show more
  • Net Interest Income$195M+39.5%
  • Total Revenue$370M+12.3%
  • Net Income$16M-85.5%
  • Return on Equity1.29%-84.6%
  • Net Interest Margin6.7%+56.0%
  • Efficiency Ratio45.65%+2506.6%
  • ROA0.54%-84.9%
  • Equity / Assets40.93%-2.2%
  • Book Value per Share9.81-8.5%

NMFC Key Insights

New Mountain Finance Corporation (NMFC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong NIM of 6.7%
  • ✓Efficient operations: 45.7% efficiency ratio
  • ✓Well capitalized: 40.9% equity/assets
  • ✓Share count reduced 4.5% through buybacks
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Profits declining 22.4% over 5 years
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

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

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NMFC Price & Volume

New Mountain Finance Corporation (NMFC) stock price & volume — 10-year historical chart

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NMFC Growth Metrics

New Mountain Finance Corporation (NMFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.13%
5 Years6.45%
3 Years2.15%
TTM-

Profit CAGR

10 Years-6.69%
5 Years-22.37%
3 Years-39.57%
TTM-152.86%

EPS CAGR

10 Years-12.79%
5 Years-25.25%
3 Years-42.59%
TTM-159%

Return on Capital

10 Years6.42%
5 Years7.01%
3 Years6.94%
Last Year4.76%

NMFC Recent Earnings

New Mountain Finance Corporation (NMFC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$69M+1.5%
$68M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$77M-1.9%
$79M
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$81M+1.8%
$79M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$97M+14.6%
$85M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$0.32vs $0.32+0.0%
$69Mvs $68M+1.5%
Q1 2026Feb 24, 2026
$0.32vs $0.32+0.0%
$77Mvs $79M-1.9%
Q4 2025Nov 3, 2025
$0.32vs $0.32+0.0%
$81Mvs $79M+1.8%
Q3 2025Aug 4, 2025
$0.32vs $0.32+0.0%
$97Mvs $85M+14.6%
Based on last 12 quarters of dataView full earnings history →

NMFC Peer Comparison

New Mountain Finance Corporation (NMFC) 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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor12.95B18.039.6932.87%43.69%8.11%1.12
FSCO logoFSCOFS Credit Opportunities Corp.Direct Competitor997.19M4.936.49-18.64%10.48%0.20
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.22B12.358.7042.5%26.91%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor202.99M5.004.1036.55%-19.55%-3.39%1.33
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor760.99M10.9510.8417.9%23.81%4.42%1.31
OCSL logoOCSLOaktree Specialty Lending CorporationDirect Competitor1.02B11.5929.7260.93%17.43%3.45%1.01
FSK logoFSKFS KKR Capital Corp.Product Competitor2.88B10.27261.325.5%-91.82%-9.39%1.31
BBDC logoBBDCBarings BDC, Inc.Product Competitor868.02M8.298.5519%40.84%7.67%1.23

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

NMFC Income Statement

New Mountain Finance Corporation (NMFC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
112.71M104.85M124.42M133.5M116.48M119.77M166M139.5M194.62M-187.74B
NII Growth %
-5.27%-6.97%18.67%7.3%-12.75%2.82%38.59%-15.96%39.51%-578796.26%
Net Interest Margin %
5.85%4.28%3.81%4.31%3.53%3.57%5.25%4.3%6.7%-7734.79%
Interest Income
149.8M161.9M208.72M212.63M189.58M212.19M290.78M276.14M318.34M250.76M
Interest Expense
37.09M57.05M84.3M79.13M73.1M92.42M124.78M136.64M123.72M187.99B
Loan Loss Provision
000-1.08M685K-16.41M-40.89M-54.25M-63.15M-187.92B
Non-Interest Income
8.27M59.91M68.67M58.27M77.51M135.14M51.2M53.7M51.9M-25.03M
Non-Interest Income %
5.23%27.01%24.76%21.51%29.02%38.91%14.97%16.28%14.02%-11.09%
Total Revenue
158.07M▲ 0%
221.81M▲ 40.3%
277.4M▲ 25.1%
270.91M▼ 2.3%
267.1M▼ 1.4%
347.33M▲ 30.0%
341.98M▼ 1.5%
329.83M▼ 3.6%
370.24M▲ 12.3%
225.73M▲ 0%
Revenue Growth %
4.43%40.32%25.06%-2.34%-1.41%30.04%-1.54%-3.55%12.25%-113.2%
Non-Interest Expense
157K3.05M-3.44M-3.94M-87.27M94.79M-4.44M-6.26M169.03M126.96M
Efficiency Ratio
0.1%1.38%-1.24%-1.46%-32.67%27.29%-1.3%-1.9%45.65%56.24%
Operating Income
109.81M▲ 0%
72.76M▼ 33.7%
112.56M▲ 54.7%
60.85M▼ 45.9%
280.58M▲ 361.1%
176.54M▼ 37.1%
262.52M▲ 48.7%
253.7M▼ 3.4%
140.64M▼ 44.6%
32M▲ 0%
Operating Margin %
69.47%32.8%40.58%22.46%105.05%50.83%76.77%76.92%37.99%14.18%
Operating Income Growth %
-1.24%-33.75%54.71%-45.94%361.13%-37.08%48.71%-3.36%-44.56%-
Pretax Income
109.81M▲ 0%
72.76M▼ 33.7%
112.56M▲ 54.7%
60.85M▼ 45.9%
207.41M▲ 240.9%
83.83M▼ 59.6%
137.85M▲ 64.4%
116.88M▼ 15.2%
17.4M▼ 85.1%
-56.95M▲ 0%
Pretax Margin %
69.47%32.8%40.58%22.46%77.66%24.13%40.31%35.44%4.7%-25.23%
Income Tax
416K403K0-991K232K9.3M1.76M2.38M430K344K
Effective Tax Rate %
0.38%0.55%0%-1.63%0.11%11.09%1.28%2.03%2.47%-0.6%
Net Income
109.4M▲ 0%
72.35M▼ 33.9%
112.56M▲ 55.6%
58.47M▼ 48.1%
201.4M▲ 244.4%
74.73M▼ 62.9%
135.34M▲ 81.1%
113.44M▼ 16.2%
16.49M▼ 85.5%
-57.85M▲ 0%
Net Margin %
69.21%32.62%40.58%21.58%75.4%21.52%39.58%34.39%4.45%-25.63%
Net Income Growth %
-2.04%-33.86%55.57%-48.05%244.43%-62.89%81.1%-16.18%-85.47%-152.86%
Net Income (Continuing)
109.4M72.35M112.56M61.84M207.18M74.53M136.09M114.5M16.97M-57.29M
EPS (Diluted)
1.38▲ 0%
0.91▼ 34.1%
1.22▲ 34.1%
0.60▼ 50.8%
1.91▲ 218.3%
0.74▼ 61.3%
1.24▲ 67.6%
1.03▼ 16.9%
0.14▼ 86.4%
-0.58▲ 0%
EPS Growth %
-13.75%-34.06%34.07%-50.82%218.33%-61.26%67.57%-16.94%-86.41%-159%
EPS (Basic)
1.470.951.320.602.080.751.341.060.16-
Diluted Shares Outstanding
84M88.63M100.46M110.08M110.21M115.43M123.49M126.78M121.09M100.48M

NMFC Balance Sheet

New Mountain Finance Corporation (NMFC) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
34.94M49.66M48.57M78.97M58.08M71.19M70.09M80.32M80.72M252.92M
Cash & Due from Banks
34.94M49.66M48.57M78.97M58.08M71.19M70.09M80.32M80.72M51.13M
Short Term Investments
0000000000
Total Investments
1.83B2.34B472.95M600.88M755.81M0002.76B2.96M
Investments Growth %
17.12%28.28%-79.81%27.05%25.78%-100%---35507.31%
Long-Term Investments
1.83B2.34B472.95M600.88M755.81M0002.76B5.73B
Accounts Receivables
0032.08M37.55M30.87M36.15M44.19M42.59M38.55M0
Goodwill & Intangibles
0000000000
Goodwill
0000000000
Intangible Assets
0000000000
PP&E (Net)
0000000000
Other Assets
-1.93B-2.43B2.71B2.38B2.45B3.25B3.04B3.12B17.91M2.37B
Total Current Assets
66.78M80.03M80.65M116.51M88.94M107.34M114.28M122.91M123.79M51.13M
Total Non-Current Assets
1.83B2.37B3.19B2.98B3.21B3.25B3.04B3.12B2.78B2.38B
Total Assets
1.93B▲ 0%
2.45B▲ 27.0%
3.27B▲ 33.4%
3.1B▼ 5.2%
3.3B▲ 6.4%
3.35B▲ 1.8%
3.16B▼ 5.8%
3.25B▲ 2.8%
2.9B▼ 10.6%
2.43B▲ 0%
Asset Growth %
16.42%27%33.38%-5.16%6.4%1.79%-5.83%2.77%-10.59%-51.9%
Return on Assets (ROA)
6.1%3.31%3.94%1.84%6.3%2.25%4.16%3.54%0.54%-2%
Accounts Payable
5.11M32.54M18.26M42.43M25.3M19.63M20.44M17.11M025.27M
Total Debt
869.5M1.38B1.94B1.8B1.91B1.98B1.79B1.84B1.67B1.33B
Net Debt
834.56M1.33B1.89B1.72B1.85B1.91B1.72B1.76B1.59B1.28B
Long-Term Debt
869.5M1.38B1.94B1.8B1.91B1.98B1.79B1.84B1.45B1.33B
Short-Term Debt
155.41M0000000217.9M0
Other Liabilities
-132.76M9.82M22.03M20.61M20.71M28.45M21.6M33.59M41.73M8.08M
Total Current Liabilities
470.13M718.35M18.26M42.43M25.3M19.63M20.44M17.11M217.9M42.52M
Total Non-Current Liabilities
422.91M724.05M1.96B1.82B1.93B2.01B1.81B1.87B1.5B1.33B
Total Liabilities
893.04M1.44B1.98B1.86B1.95B2.03B1.83B1.89B1.71B1.38B
Total Equity
1.87B▲ 0%
2.34B▲ 25.2%
1.28B▼ 45.2%
1.24B▼ 3.6%
1.34B▲ 8.5%
1.33B▼ 1.2%
1.33B▲ 0.4%
1.36B▲ 2.1%
1.19B▼ 12.6%
1.05B▲ 0%
Equity Growth %
17.63%25.2%-45.17%-3.63%8.55%-1.22%0.42%2.07%-12.58%-47.32%
Equity / Assets (Capital Ratio)
96.97%95.59%39.3%39.93%40.74%39.53%42.15%41.87%40.93%43.26%
Return on Equity (ROE)
6.33%3.44%6.21%4.64%15.62%5.6%10.18%8.43%1.29%-4.8%
Book Value per Share
22.2626.4112.7811.2412.1811.4910.7810.729.8110.45
Tangible BV per Share
22.2626.4112.7811.2412.1811.4910.7810.729.8110.45
Common Stock
759K761K968K968K979K1.01M1.03M1.08M1.08M1.08M
Additional Paid-in Capital
1.05B1.04B1.29B1.27B1.27B1.31B1.33B1.37B1.35B1.35B
Retained Earnings
39.16M-30.12M-5.35M-48.76M47.47M7.52M-12.34M-13.59M192.58M-203.75M
Accumulated OCI
-19M-30M000000-314.26M0
Treasury Stock
00000000-51.95M-108.55M
Preferred Stock
061.98M00000000

NMFC Cash Flow Statement

New Mountain Finance Corporation (NMFC) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-166.31M-393.49M66.55M102.99M51.69M70.12M76M42M378.98M676.48M
Operating CF Growth %
-374.86%-136.6%116.91%54.75%-49.81%35.66%8.4%-44.74%802.36%3219.31%
Net Income
109.4M72.35M112.56M58.47M201.4M74.73M135.34M113.44M16.97M-57.85M
Depreciation & Amortization
-50.91M22.09M00000000
Deferred Taxes
-140K112K00000000
Other Non-Cash Items
5.34M4.62M-25.23M15.89M-134.22M5.91M-47.04M-70.26M361.09M741.16M
Working Capital Changes
-17.06M43.2M-20.78M28.62M-15.49M-10.53M-12.3M-1.18M915K-7.39M
Cash from Investing
-228.3M-506.33M-777.02M197.65M-68.01M-36.92M256.8M-26.23M00
Purchase of Investments
-995.66M-1.31B-1.11B-444.13M-1.13B-620.88M-283.66M-806.33M00
Sale/Maturity of Investments
767.36M802.96M328.15M641.78M1.07B583.96M540.46M780.1M00
Net Investment Activity
-228.3M-506.33M-777.02M197.65M-68.01M-36.92M256.8M-26.23M00
Acquisitions
0000000000
Other Investing
0000000000
Cash from Financing
155.32M408.22M709.38M-270.25M-4.53M-19.69M-333.96M-31.36M-378.74M-711.1M
Dividends Paid
-94.21M-101.06M-113.14M-120.07M-114.22M-121.29M-150.74M-147.19M-135.7M-132.33M
Share Repurchases
00000000-51.95M-108.55M
Stock Issued
81.48M0277.78M-278K12.22M39.8M20.83M67.69M00
Net Stock Activity
81.48M0277.78M-278K12.22M39.8M20.83M67.69M-51.95M-108.55M
Debt Issuance (Net)
1000K1000K1000K-1000K1000K1000K-1000K1000K-1000K-4M
Other Financing
-6.55M-7.17M00570K-9.57M-693K-13.03M-2.99M-2.06M
Net Change in Cash
-10.99M▲ 0%
14.73M▲ 234.0%
-1.09M▼ 107.4%
30.39M▲ 2888.3%
-20.89M▼ 168.7%
13.11M▲ 162.8%
-1.1M▼ 108.4%
10.23M▲ 1030.0%
398K▼ 96.1%
-34.37M▲ 0%
Exchange Rate Effect
228.3M506.33M00-32K-391K55K-409K153K253K
Cash at Beginning
45.93M34.94M49.66M48.57M78.97M58.08M71.19M70.09M80.32M80.72M
Cash at End
34.94M49.66M48.57M78.97M58.08M71.19M70.09M80.32M80.72M51.13M
Interest Paid
0000000000
Income Taxes Paid
0000000000
Free Cash Flow
-166.31M▲ 0%
-393.49M▼ 136.6%
66.55M▲ 116.9%
102.99M▲ 54.8%
51.69M▼ 49.8%
70.12M▲ 35.7%
76M▲ 8.4%
42M▼ 44.7%
378.98M▲ 802.4%
676.48M▲ 0%
FCF Growth %
-374.86%-136.6%116.91%54.75%-49.81%35.66%8.4%-44.74%802.36%959.36%

NMFC Banking Ratios

New Mountain Finance Corporation (NMFC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
6.33%3.44%6.21%4.64%15.62%5.6%10.18%8.43%1.29%-4.8%
Return on Assets (ROA)
6.1%3.31%3.94%1.84%6.3%2.25%4.16%3.54%0.54%-2%
Net Interest Margin
5.85%4.28%3.81%4.31%3.53%3.57%5.25%4.3%6.7%-7734.79%
Efficiency Ratio
0.1%1.38%-1.24%-1.46%-32.67%27.29%-1.3%-1.9%45.65%56.24%
Equity / Assets
96.97%95.59%39.3%39.93%40.74%39.53%42.15%41.87%40.93%43.26%
Book Value / Share
22.2626.4112.7811.2412.1811.4910.7810.729.8110.45
NII Growth
-5.27%-6.97%18.67%7.3%-12.75%2.82%38.59%-15.96%39.51%-141216.53%
Dividend Payout
86.12%139.67%-----1.58%823%-228.74%
Related:NMFC Dividend History·NMFC Revenue History·NMFC Price History·NMFC P/E History·NMFC Financial Ratios·NMFC Institutional Holders

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

May 4, 2026·SEC

Material company update

Mar 24, 2026·SEC

Material company update

Mar 13, 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

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 4, 2025·SEC

NMFC Frequently Asked Questions

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

Growth & Financials

New Mountain Finance Corporation (NMFC) grew revenue by 12.3% over the past year. This is steady growth.

New Mountain Finance Corporation (NMFC) reported a net loss of $57.9M for fiscal year 2025.

Dividend & Returns

Yes, New Mountain Finance Corporation (NMFC) pays a dividend with a yield of 15.65%. This makes it attractive for income-focused investors.

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

Industry Metrics

New Mountain Finance Corporation (NMFC) has a net interest margin (NIM) of 6.7%. This indicates healthy earnings from lending activities.

New Mountain Finance Corporation (NMFC) has an efficiency ratio of 45.7%. 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

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How much would $100/month in NMFC be worth today?

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