New Mountain Finance Corporation (NMFC) Revenue History
Annual and quarterly revenue from 2008 to present
NMFC Revenue Over Time (2008–2025)
NMFC Revenue Growth History
11 of 17 years with positive growth- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- +22911.2%
- FY2010 revenue growth
- +82.8%
- FY2011 revenue growth
- -86.2%
- FY2012 revenue growth
- +204.6%
- FY2013 revenue growth
- +113.5%
- FY2014 revenue growth
- +50.1%
- FY2015 revenue growth
- -2.4%
- FY2016 revenue growth
- +7.3%
- FY2017 revenue growth
- +4.4%
- FY2018 revenue growth
- +40.3%
- FY2019 revenue growth
- +25.1%
- FY2020 revenue growth
- -2.3%
- FY2021 revenue growth
- -1.4%
- FY2022 revenue growth
- +30.0%
- FY2023 revenue growth
- -1.5%
- FY2024 revenue growth
- -3.6%
- FY2025 revenue growth
- +12.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $36.8M | — |
| Q4 2025 | $69.3M | — |
| Q3 2025 | $80.5M | — |
| Q2 2025 | $39.1M | — |
| Q1 2025 | $56.1M | — |
| Q4 2024 | $92.9M | — |
| Q3 2024 | $94.8M | — |
| Q2 2024 | $63.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
NMFC Revenue Analysis (2008–2025)
Current Revenue & Growth
As of June 21, 2026, New Mountain Finance Corporation (NMFC) generated trailing twelve-month (TTM) revenue of $225.7 million, reflecting significant decline in growth of -34.4% year-over-year. The most recent quarter (Q1 2026) recorded $36.8 million in revenue, down 46.9% sequentially.
Historical Growth Trajectory
NMFC's 5-year compound annual growth rate (CAGR) stands at +6.4%, indicating steady revenue expansion. The 3-year CAGR of +2.2% is below the 5-year average, signalling a growth deceleration in recent years. New Mountain Finance Corporation's highest annual revenue of $370.2 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including ARCC, FSCO, and GBDC. Compare NMFC vs ARCC →
NMFC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NMFCCurrent | $226M | -34.4% | +6.4% | 38.0% | |
 ARCC | $3.1B | - | - | 69.7% | |
 FSCO | $206M | - | - | 74.5% | |
 GBDC | $871M | - | - | 78.9% | |
 TPVG | $97M | - | - | 77.9% | |
 CGBD | $198M | - | - | 86.2% |
NMFC Historical Revenue Data (2008–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $370.2M | - | $309.7M | 83.6% | $140.6M | 38.0% |
| 2024 | $329.8M | - | $247.4M | 75.0% | $253.7M | 76.9% |
| 2023 | $342.0M | - | $258.1M | 75.5% | $262.5M | 76.8% |
| 2022 | $347.3M | - | $271.3M | 78.1% | $176.5M | 50.8% |
| 2021 | $267.1M | - | $193.3M | 72.4% | $280.6M | 105.0% |
| 2020 | $270.9M | - | $56.9M | 21.0% | $60.8M | 22.5% |
| 2019 | $277.4M | - | $109.1M | 39.3% | $112.6M | 40.6% |
| 2018 | $221.8M | - | $75.8M | 34.2% | $72.8M | 32.8% |
| 2017 | $158.1M | - | $110.0M | 69.6% | $109.8M | 69.5% |
| 2016 | $151.4M | - | $113.0M | 74.7% | $111.2M | 73.5% |
| 2015 | $141.1M | - | $36.1M | 25.6% | $34.3M | 24.3% |
| 2014 | $144.5M | - | $71.2M | 49.3% | $46.5M | 32.2% |
| 2013 | $96.3M | - | $90.9M | 94.4% | $50.5M | 52.5% |
| 2012 | $45.1M | - | $49.5M | 109.8% | $31.8M | 70.5% |
| 2011 | $14.8M | - | $56.5M | 381.7% | $56.5M | 381.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
18+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NMFC — Frequently Asked Questions
Quick answers to the most common questions about buying NMFC stock.
Is NMFC's revenue growth accelerating or slowing?
NMFC revenue is declining -34.4% year-over-year. TTM revenue fell to $226M, contrasting with the 5-year CAGR of +6.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is NMFC's revenue history from 2008 to 2026?
New Mountain Finance Corporation (NMFC) revenue history spans 2008 to 2026. TTM revenue as of 2026 is $226M, growing at -34.4% YoY. The 5-year CAGR is +6.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NMFC's long-term revenue growth rate (CAGR)?
New Mountain Finance Corporation's 5-year revenue CAGR of +6.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -34.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NMFC.
Why does NMFC's quarterly revenue fluctuate?
NMFC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. New Mountain Finance Corporation's revenue data from 2008 to 2026 shows full historical quarterly detail on this page.
How is NMFC's revenue distributed by segment?
NMFC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NMFC's revenue compare to industry peers?
New Mountain Finance Corporation (NMFC) with TTM revenue of $226M and -34.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.