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Updated: Aug 17, 2026
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Main Street Capital

NYSE:MAIN·Stock Analysis Report
Day Range
$58.35 - $58.91
Market Cap
5.45B
P/E Ratio
11.8072
Avg Value
$58.50
Year Range
$49.66 - $67.34
$58.43-$0.11 (-0.19%)
1
General Information
Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund.

The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.

2
Main Street Capital (MAIN) Stock Graph
3
How We Grade Main Street Capital (MAIN)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Main Street Capital (MAIN) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

59.24

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Main Street Capital compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
OTFBlue Owl Technology
N/A
N/A
60.44
15.12
HLNEHamilton Lane
56.29
72.04
96.71
23.09
BXSLBlackstone Secured
N/A
N/A
24.6
23.09
OBDCBlue Owl Capital
N/A
25.57
5.99
16.44
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 3 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $50.00 - $57.00 with an average of $53.75

-7.80%
Expected movement for Main Street Capital (MAIN) over the next 12 months
Based on these rankings

Recent Ratings for Main Street Capital (MAIN)

Truist Securities
Date:
Aug 10, 2026
Action:
Maintains
Prev. Target:
$53.00
New Target:
$57.00
Wells Fargo
Date:
Aug 10, 2026
Action:
Maintains
Prev. Target:
$50.00
New Target:
$55.00
Truist Securities
Date:
May 19, 2026
Action:
Maintains
Prev. Target:
$60.00
New Target:
$53.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, MAIN's earnings have decreased for the past three years, this is a negative sign for the stock.
8
Past Performance
How has Main Street Capital (MAIN) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Main Street Capital (MAIN) sharpe ratio over the past 5 years is 0.8571 which is considered to be above average compared to the peer average of 0.5041

9
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is MAIN's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
0.32
0.51
0.60
0.59
0.56
Operating Revenue
0.32
0.51
0.60
0.59
0.56
Cost Of Revenue
Gross Profit
Operating Expense
0.05
0.06
0.06
0.07
0.07
Selling General And Administration
0.00
0.00
0.00
0.00
0.00
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
0.26
0.45
0.54
0.52
0.48
Tax Provision
0.02
0.02
0.03
0.03
0.03
Net Income
0.24
0.43
0.51
0.49
0.45
Net Income Common Stockholders
0.24
0.43
0.51
0.49
0.45
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
0.24
0.43
0.51
0.49
0.45
Normalized Income
0.24
0.43
0.51
0.49
0.45
Interest Income
0.33
0.47
0.51
0.57
0.50
Interest Expense
0.08
0.10
0.12
0.13
0.13
Net Interest Income
0.25
0.37
0.39
0.44
0.37
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.07
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
4.24
4.44
5.12
5.68
5.94
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
2.13
1.97
2.32
2.69
2.77
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
2.11
2.48
2.80
2.99
3.17
Stockholders Equity
Total Capitalization
4.11
4.28
4.92
5.45
5.70
Common Stock Equity
2.11
2.48
2.80
2.99
3.17
Net Tangible Assets
2.11
2.48
2.80
2.99
3.17
Working Capital
Invested Capital
4.11
4.28
4.92
5.45
5.70
Tangible Book Value
2.11
2.48
2.80
2.99
3.17
Total Debt
2.00
1.80
2.12
2.46
2.53
Net Debt
1.95
1.74
2.04
2.42
2.48
Share Issued
0.08
0.08
0.09
0.09
0.09
Ordinary Shares Number
0.08
0.08
0.09
0.09
0.09
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
Net Income from Continuing Operations
0.24
0.43
0.51
0.49
0.45
Depreciation and Amortization
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
0.02
0.01
0.00
0.01
0.02
Change in Working Capital
-0.01
0.01
0.01
0.00
0.00
Change in Receivables
-0.03
-0.01
-0.01
-0.02
-0.03
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
0.01
0.01
0.01
0.01
0.02
Change in Account Payable
Change in Other Current Assets
Change in Other Current Liabilities
0.00
0.00
0.01
0.01
0.01
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
Financing Cash Flow
0.26
-0.27
0.11
0.01
0.12
Cash Flow from Continuing Financing Activities
Net Issuance Payments of Debt
0.20
-0.20
0.32
0.33
0.31
Net Long-Term Debt Issuance
0.20
-0.20
0.32
0.33
0.31
Long-Term Debt Issuance
1.13
0.53
2.73
1.75
2.37
Long-Term Debt Payments
-0.93
-0.72
-2.41
-1.42
-2.05
Net Short-Term Debt Issuance
Net Common Stock Issuance
0.27
0.20
0.12
0.03
0.17
Common Stock Issuance
0.27
0.20
0.12
0.03
0.17
Common Stock Payments
Cash Dividends Paid
-0.19
-0.27
-0.32
-0.34
-0.35
Net Other Financing Charges
0.00
-0.01
-0.01
-0.01
-0.01
End Cash Position
0.17
0.25
0.31
0.27
0.15
Changes in Cash
0.02
0.01
0.02
-0.04
-0.03
Beginning Cash Position
0.16
0.24
0.29
0.30
0.18
Capital Expenditure
Issuance of Capital Stock
0.27
0.20
0.12
0.03
0.17
Issuance of Debt
1.13
0.53
2.73
1.75
2.37
Repayment of Debt
-0.93
-0.72
-2.41
-1.42
-2.05
Repurchase of Capital Stock
Free Cash Flow
-0.25
0.29
-0.09
-0.05
-0.15