Last 48 quarters of trend data · Financial Services · BDCs & Private Credit
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -11.43 | 47.01 | 9.96 | — | — | 21.91 | 37.68 | 12.53 | 11.26 | 13.61 | 9.87 | 12.18 | 14.45 | 11.99 | 9.72 | 7.61 | 25.77 | 36.03 | 18.61 | 10.18 | 7.29 |
| — | +114.6% | -73.6% | — | — | +60.9% | +281.7% | +2.9% | -22.1% | +13.5% | +1.6% | +60.2% | -43.9% | -66.7% | -47.8% | -25.3% | +253.6% | +138.2% | +301.3% | +61.0% | +54.0% | |
| P/S Ratio | — | 4.41 | — | 5.30 | — | 6.19 | 42.14 | 14.16 | 6.15 | 14.23 | 12.70 | 8.13 | 18.31 | 5.90 | 5.95 | 6.08 | 5.88 | 6.14 | 4.92 | 5.56 | 11.34 |
| — | -28.7% | — | -62.6% | — | -56.5% | +231.9% | +74.2% | -66.4% | +141.2% | +113.3% | +33.6% | +211.5% | -3.9% | +21.1% | +9.3% | -48.2% | +23.6% | -33.7% | -38.3% | +82.9% | |
| P/B Ratio | 0.70 | 0.64 | 0.66 | 0.74 | 0.94 | 0.95 | 1.02 | 1.04 | 1.05 | 1.11 | 1.11 | 1.13 | 1.18 | 1.19 | 1.18 | 1.12 | 1.11 | 0.98 | 0.99 | 1.13 | 1.13 |
| — | -32.2% | -35.7% | -28.4% | -10.6% | -14.5% | -8.2% | -8.4% | -10.9% | -6.9% | -6.0% | +0.8% | +5.7% | +22.0% | +18.9% | -0.6% | -1.5% | -13.0% | -10.2% | +4.6% | +12.0% | |
| P/FCF | 1.04 | 4.14 | 6.94 | 0.49 | 1.73 | 4.12 | 8.29 | 3.37 | 49.98 | — | — | 3.29 | 26.78 | 20.69 | 18.34 | 18.30 | 16.78 | 16.45 | 26.62 | 25.17 | 28.18 |
| — | +0.6% | -16.2% | -85.6% | -96.5% | — | — | +2.3% | +86.7% | — | — | -82.0% | +59.6% | +25.8% | -31.1% | -27.3% | -40.5% | -48.0% | — | +441.1% | +185.5% | |
| EV / EBITDA | 46.02 | 17.89 | 12.27 | — | 126.67 | 32.52 | 96.38 | 32.91 | 12.57 | 34.43 | 12.32 | 27.77 | 28.38 | 30.61 | 23.84 | 19.16 | 35.28 | 108.13 | 54.49 | 23.25 | 15.79 |
| — | -45.0% | -87.3% | — | +907.8% | -5.6% | +682.5% | +18.5% | -55.7% | +12.5% | -48.3% | +44.9% | -19.6% | -71.7% | -56.3% | -17.6% | +123.5% | +210.3% | +433.0% | +57.4% | +43.8% | |
| EV / EBIT | 128.89 | 17.89 | 12.27 | — | 220.40 | 32.52 | 96.38 | 32.91 | 12.57 | 34.43 | 12.32 | 27.77 | 28.38 | 30.61 | 23.84 | 19.16 | 35.28 | 108.13 | 54.49 | 23.25 | 15.79 |
| — | -45.0% | -87.3% | — | +1653.6% | -5.6% | +682.5% | +18.5% | -55.7% | +12.5% | -48.3% | +44.9% | -19.6% | -71.7% | -56.3% | -17.6% | +123.5% | +210.3% | +433.0% | +57.4% | +43.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 128.6% | -63.4% | 75.1% | -0.0% | 72.6% | 100.0% | 100.0% | 125.3% | 278.0% | 139.5% | 63.5% | 142.7% | 43.1% | 56.5% | 75.2% | 41.0% | 16.0% | 23.7% | 55.3% | 160.3% |
| — | +77.1% | -163.4% | -24.9% | -100.0% | -73.9% | -28.3% | +57.4% | -12.2% | +544.5% | +147.0% | -15.5% | +248.3% | +170.1% | +138.4% | +35.9% | -74.4% | -45.5% | -85.1% | -58.7% | +20.6% | |
| Operating Margin | 117.3% | 72.3% | -669.7% | -63.1% | -0.0% | 25.5% | 99.6% | 95.2% | 109.1% | 234.1% | 224.8% | 60.2% | 135.0% | 41.1% | 54.4% | 72.9% | 38.2% | 13.9% | 22.1% | 53.4% | 159.2% |
| — | +184.1% | -772.1% | -166.3% | -100.0% | -89.1% | -55.7% | +58.1% | -19.2% | +469.6% | +313.2% | -17.4% | +253.8% | +194.7% | +146.7% | +36.3% | -76.0% | -55.1% | -86.4% | -61.1% | +18.7% | |
| Net Margin | 111.1% | 9.4% | -289.4% | -138.5% | 0.0% | 25.0% | 98.0% | 94.8% | 47.7% | 89.5% | 113.7% | 57.4% | 127.2% | 42.5% | 52.5% | 72.1% | 23.7% | 14.4% | 23.1% | 52.1% | 155.9% |
| — | -62.4% | -395.3% | -246.1% | -100.0% | -72.0% | -13.8% | +65.0% | -62.5% | +110.9% | +116.7% | -20.3% | +437.4% | +195.2% | +126.9% | +38.4% | -84.8% | -51.4% | -85.1% | -61.7% | +18.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.3% | 0.3% | 1.7% | -4.6% | -2.2% | 0.9% | 0.6% | 1.7% | 2.0% | 1.7% | 2.5% | 2.0% | 2.0% | 2.1% | 2.6% | 3.3% | 1.1% | 0.6% | 1.2% | 2.7% | 3.9% |
| — | -64.1% | +183.2% | -363.1% | -207.8% | -45.5% | -76.6% | -14.8% | -0.6% | -19.2% | -3.9% | -39.3% | +83.3% | +277.4% | +122.9% | +25.3% | -71.8% | -66.0% | -80.2% | -35.2% | -27.4% | |
| ROA | 0.5% | 0.1% | 0.7% | -1.9% | -0.9% | 0.4% | 0.2% | 0.7% | 0.8% | 0.7% | 1.0% | 0.9% | 0.8% | 0.9% | 1.0% | 1.3% | 0.4% | 0.2% | 0.5% | 1.1% | 1.6% |
| — | -62.6% | +191.4% | -363.0% | -208.0% | -44.2% | -76.3% | -15.0% | -1.8% | -19.9% | -1.1% | -35.5% | +90.6% | +282.4% | +121.3% | +21.8% | -72.5% | -66.8% | -80.4% | -34.3% | -25.1% | |
| ROIC | 0.4% | 0.9% | 1.3% | -0.7% | 0.1% | 0.4% | 0.2% | 0.6% | 1.4% | 1.4% | 1.6% | 0.7% | 0.7% | 0.6% | 0.8% | 1.0% | 0.5% | 0.2% | 0.3% | 0.8% | 1.3% |
| — | +120.7% | +559.5% | -219.2% | -93.1% | -72.4% | -88.0% | -19.3% | +111.8% | +117.7% | +92.8% | -32.1% | +25.7% | +283.5% | +140.9% | +19.8% | -56.7% | -69.5% | -82.3% | -34.1% | -25.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.41 | 1.29 | 1.30 | 1.26 | 1.41 | 0.36 | 1.35 | 1.32 | 1.35 | 1.46 | 1.40 | 1.28 | 1.34 | 1.41 | 1.43 | 1.49 | 1.49 | 1.46 | 1.46 | 1.42 | 1.42 |
| — | +258.6% | -3.4% | -4.5% | +4.1% | -75.4% | -3.5% | +3.7% | +0.8% | +3.1% | -2.1% | -14.4% | -10.2% | -3.2% | -2.6% | +4.9% | +5.1% | +5.4% | +5.7% | +2.3% | -2.3% | |
| Debt / EBITDA | 96.02 | 48.70 | 33.72 | — | 312.93 | 37.06 | 223.64 | 75.80 | 29.00 | 79.56 | 28.43 | 60.81 | 61.72 | 68.00 | 52.86 | 44.27 | 82.51 | 262.98 | 131.48 | 52.30 | 35.75 |
| — | +31.4% | -84.9% | — | +979.0% | -53.4% | +686.6% | +24.7% | -53.0% | +17.0% | -46.2% | +37.3% | -25.2% | -74.1% | -59.8% | -15.3% | +130.8% | +232.9% | +473.2% | +55.1% | +34.5% | |
| Current Ratio | 0.57 | 0.63 | 0.92 | 1.20 | 0.57 | 0.42 | 2.33 | 4.17 | 7.18 | 5.84 | 2.26 | 1.29 | 5.59 | 4.62 | 3.68 | 3.93 | 5.47 | 6.78 | 4.04 | 5.75 | 3.52 |
| — | +51.7% | -60.6% | -71.2% | -92.1% | -92.9% | +3.1% | +222.1% | +28.5% | +26.4% | -38.4% | -67.0% | +2.2% | -31.8% | -9.0% | -31.7% | +55.6% | +85.3% | +118.2% | +420.8% | +28.0% | |
| Quick Ratio | 0.57 | 0.63 | 0.92 | 1.20 | 0.57 | 0.42 | 2.33 | 4.17 | 7.18 | 5.84 | 2.26 | 1.29 | 5.59 | 4.62 | 3.68 | 3.93 | 5.47 | 6.78 | 4.04 | 5.75 | 3.52 |
| — | +51.7% | -60.6% | -71.2% | -92.1% | -92.9% | +3.1% | +222.1% | +28.5% | +26.4% | -38.4% | -67.0% | +2.2% | -31.8% | -9.0% | -31.7% | +55.6% | +85.3% | +118.2% | +420.8% | +28.0% | |
| Interest Coverage | 0.14 | 1.17 | 1.78 | -0.85 | 0.00 | 0.39 | 0.25 | 0.75 | 1.82 | 0.67 | 2.06 | 0.93 | 0.94 | 0.88 | 1.14 | 1.46 | 0.84 | 0.30 | 0.74 | 1.99 | 2.94 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NMFC stock.
New Mountain Finance Corporation's current P/E is -11.4x. The average P/E over the last 2 quarters is 28.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
New Mountain Finance Corporation's current operating margin is 117.3%. Margins have been expanding 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 New Mountain Finance Corporation's business trajectory between earnings reports.