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NMFCNew Mountain Finance Corporation
$6.91$653M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NMFC logo

New Mountain Finance Corporation

NMFC
NASDAQ · BDCs & Private Credit
$6.91
At close - Nov 6, 4:00 PM EST - USD
Market Cap$653M
P/E-11.4x
52W High$9.84
Volume704.28K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Yield-Rich BDC Faces Shrinking Base and Volatile Earnings

New Mountain Finance's recent net interest margin recovery to roughly 1.5% in Q3 2026 and Q2 2026, up from about 0.9% to 1.0% across 2025, suggests spread economics are improving from a thin base.

GrowthMixed
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

NMFC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-190% Peers

P/E is 190% below peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 2

Market performance

Price History →

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NMFC-16.16%
S&P 500 (^GSPC)+7.63%
1-Year Return
NMFC-15.88%
S&P 500 (^GSPC)+9.69%
3-Year Return
NMFC-13.80%
S&P 500 (^GSPC)+67.66%
5-Year Return
NMFC-3.65%
S&P 500 (^GSPC)+55.86%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-11.4x
Forward P/E
6.4x
EV/EBITDA80th %ile
46.0x
FCF YieldCash Flow
96.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-11.4x
10.9x
0th· Low
EV/EBITDA
46.0x
12.6x
80th· High
Price/FCF
1.0x
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 FY25
$15M-92.3% YoY
Net income FY25
$16M-85.5% YoY
Free cash flow FY25
$379M+802.4% YoY
Operating margin FY25
117.3%-14.1 pts YoY
ROIC (FY25)0.4%
Avg ROIC 5Y4.7%
ROE (TTM)-5.3%
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 Rate2/12 (17%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 2, 2026
$0.26+0.7%
vs $0.26
$60M-1.1%
vs $61M
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 26, 2026
New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program

NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on October 20, 2026, the Company's board of directors authorized an extension of a previously established stock repurchase program (the “Repurchase Program”). Pursuant to the Repurchase Program, the Company can repurchase up to $150 million worth of its common stock at the discretion of NMFC's management team. The Repurchase Program was set to expire on December 31, 2026, bu.

Defense World·Oct 26, 2026
New Mountain Finance (NMFC) Projected to Announce Earnings on Monday

New Mountain Finance (NASDAQ: NMFC - Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.2583 per share and revenue of $61.07 million for the quarter. Investors are encouraged to explore the company's upcoming Q3 2026 earnings

Zacks Investment Research·Oct 23, 2026
Is New Mountain Finance (NMFC) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Defense World·Oct 13, 2026
New Mountain Finance Corporation (NASDAQ:NMFC) Stock Rated “Reduce” by Wall Street Analysts

Shares of New Mountain Finance Corporation (NASDAQ: NMFC - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price

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
$6.91$652.67M-11.43-92.32%111.09%-5.33%16.22%
ARCC logoARCCAres Capital Corporation
$19.13$13.74B15.74-11.83%55%6.23%9.45%
FSCO logoFSCOFS Credit Opportunities Corp.
$5.15$1.04B6.78-20.66%——15.55%
GBDC logoGBDCGolub Capital BDC, Inc.
$12.74$3.32B22.6244.68%31.97%3.82%10.87%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.37$177.42M8.1755.25%58.87%6.24%23.45%
CGBD logoCGBDCarlyle Secured Lending, Inc.
$11.17$776.28M11.0610.5%9.46%1.18%13.49%

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

Nov 2, 2026·SEC

Material company update

Oct 26, 2026·SEC

Material company update

Aug 3, 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

Nov 2, 2026·SEC

FY 2026

Aug 3, 2026·SEC

FY 2026

May 4, 2026·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) revenue fell by 134814.1% over the trailing twelve months, compared with the twelve months before.

Is NMFC profitable?

No. New Mountain Finance Corporation (NMFC) reported a net loss of $57.1M over the trailing twelve months.

Dividend & Returns
Does NMFC pay dividends?

Yes. New Mountain Finance Corporation (NMFC) pays a dividend that yields 16.22% at the current price, a high yield.

What is NMFC's return on equity?

New Mountain Finance Corporation (NMFC) had a return on equity (ROE) of -5.3% over the trailing twelve months. A negative ROE means the company lost money over the period.

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 -17.3%. 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 →