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Bain Capital Specialty Finance, Inc.(BCSF)Earnings, Financials & Key Ratios
BCSF•NYSE
$12.69
8.3× P/E·Price updated Jul 7, 2026
AboutBain Capital Specialty Finance, Inc. is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. It typically invests in companies with EBITDA between $10 million and $150 million.Show more
- EBITDA$183M+47.8%
- Net Income$99M-17.3%
- EPS (Diluted)1.52-17.8%
- Gross Margin76.88%+18.4%
- EBITDA Margin76.55%+31.5%
- Operating Margin75.63%+29.9%
- Net Margin41.29%-26.4%
- ROE8.75%-16.6%
BCSF Price & Volume
Bain Capital Specialty Finance, Inc. (BCSF) stock price & volume — 10-year historical chart
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Earnings Volatility Challenges Sustainable Dividend Payout Model
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and non-accruals
Key Thesis Takeaways
- Bain Capital Specialty Finance faces significant headwinds as its net income remains highly sensitive to credit-related valuation adjustments, evidenced by an 89.5% EPS decline in 2026Q1.
- While the company maintains a high dividend yield of 18.3%, the persistent erosion of its equity base and negative retained earnings of $67.6 million suggest that current capital allocation strategies may be unsustainable.
- Investors should monitor the company's ability to manage its $1.5 billion debt load and stabilize operating margins, which have compressed from 62.7% in 2024Q1 to 46.0% in 2026Q1.
Verdict Logic
the company's dividend sustainability is questionable given that quarterly dividend payouts frequently exceed operating cash flow and the firm maintains a high debt-to-equity ratio of 1.33x.
BCSF Growth Metrics
Bain Capital Specialty Finance, Inc. (BCSF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years25.37%
3 Years12.32%
TTM-
Profit CAGR
10 Years-
5 Years64.18%
3 Years-2.17%
TTM-34.79%
EPS CAGR
10 Years-
5 Years61.12%
3 Years-2.3%
TTM-36.54%
Return on Capital
10 Years4.09%
5 Years5.4%
3 Years6.01%
Last Year7.88%
BCSF Recent Earnings
Bain Capital Specialty Finance, Inc. (BCSF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.42-4.5%
$0.44
Rev
$66M+0.9%
$66M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.46+2.2%
$0.45
Rev
$68M-0.4%
$68M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.45+0.0%
$0.45
Rev
$43M-38.6%
$70M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.47+9.3%
$0.43
Rev
$74M+10.5%
$67M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.42vs $0.44-4.5% | $66Mvs $66M+0.9% |
| Q1 2026 | Feb 26, 2026 | $0.46vs $0.45+2.2% | $68Mvs $68M-0.4% |
| Q4 2025 | Nov 10, 2025 | $0.45vs $0.45+0.0% | $43Mvs $70M-38.6% |
| Q3 2025 | Aug 5, 2025 | $0.47vs $0.43+9.3% | $74Mvs $67M+10.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Bain Capital Specialty Finance, Inc. (BCSF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $12.69 | $823.18M | 8.35 | 12.36% | 41.29% | 8.75% | 17.73% | |
| $18.47 | $13.26B | 9.93 | 32.87% | 43.69% | 8.11% | — | |
| $12.75 | $3.32B | 8.98 | 42.5% | 26.91% | 5.24% | — | |
| $4.75 | $192.85M | 3.89 | 36.55% | -19.55% | -3.39% | — | |
| $10.39 | $722.08M | 10.29 | 17.9% | 23.81% | 4.42% | — | |
| $12.60 | $687.39M | 7.41 | 24.76% | 39.78% | 7.31% | — |
Compare BCSF vs Peers
Bain Capital Specialty Finance, Inc. (BCSF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BCSF SEC Filings & Documents
Bain Capital Specialty Finance, Inc. (BCSF) SEC filings — annual & quarterly reports (10-K, 10-Q)
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BCSF Frequently Asked Questions
Bain Capital Specialty Finance, Inc. (BCSF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Bain Capital Specialty Finance, Inc.'s revenue?
Bain Capital Specialty Finance, Inc. (BCSF) reported $196.7M in revenue for fiscal year 2025.
How fast is Bain Capital Specialty Finance, Inc. growing?
Bain Capital Specialty Finance, Inc. (BCSF) grew revenue by 12.4% over the past year. This is steady growth.
Is BCSF profitable?
Yes, Bain Capital Specialty Finance, Inc. (BCSF) is profitable, generating $73.6M in net income for fiscal year 2025 (41.3% net margin).
Dividend & Returns
Does BCSF pay dividends?
Yes, Bain Capital Specialty Finance, Inc. (BCSF) pays a dividend with a yield of 17.73%. This makes it attractive for income-focused investors.
What is BCSF's return on equity?
Bain Capital Specialty Finance, Inc. (BCSF) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
What is Bain Capital Specialty Finance, Inc.'s free cash flow?
Bain Capital Specialty Finance, Inc. (BCSF) generated $90.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.