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New Mountain Finance Corporation(NMFC)Earnings, Financials & Key Ratios
NMFC•NASDAQ
$7.05
50.4× P/E·Price updated Jul 7, 2026
AboutNew Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $50 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million and target investments up to a $125 million hold size. The fund seeks a majority stake in its portfolio companies.Show more
- EBITDA$303M+159.4%
- Net Income$16M-85.5%
- EPS (Diluted)0.14-86.4%
- Gross Margin83.64%+11.5%
- EBITDA Margin81.89%+131.1%
- Operating Margin37.99%-50.6%
- Net Margin4.45%-87.1%
- ROE1.29%-84.6%
NMFC Price & Volume
New Mountain Finance Corporation (NMFC) stock price & volume — 10-year historical chart
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Persistent Margin Volatility Masks Structural Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and volatility
Key Thesis Takeaways
- New Mountain Finance Corporation faces significant fundamental headwinds characterized by extreme earnings volatility and a persistent inability to build a meaningful equity cushion, as evidenced by a $203.8 million deficit in retained earnings as of 2026Q1.
- While the firm maintains a high dividend yield of 16.0%, the decoupling of reported net income from actual cash-generating capacity suggests that current payout levels may be unsustainable without further capital base erosion.
- Investors should monitor the firm's elevated debt-to-equity ratio of 1.26x and the ongoing contraction of total assets, which fell from $3.4 billion in 2024Q3 to $2.4 billion in 2026Q1, as these factors limit strategic flexibility and increase sensitivity to credit market shocks.
Verdict Logic
the firm's inability to maintain consistent profitability, coupled with a negative retained earnings balance of $203.8 million, suggests that the 16.0% dividend yield may be at risk of future adjustment.
NMFC Growth Metrics
New Mountain Finance Corporation (NMFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.13%
5 Years6.45%
3 Years2.15%
TTM-
Profit CAGR
10 Years-6.69%
5 Years-22.37%
3 Years-39.57%
TTM-152.86%
EPS CAGR
10 Years-12.79%
5 Years-25.25%
3 Years-42.59%
TTM-159%
Return on Capital
10 Years6.42%
5 Years7.01%
3 Years6.94%
Last Year4.76%
NMFC Recent Earnings
New Mountain Finance Corporation (NMFC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$69M+1.5%
$68M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$77M-1.9%
$79M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$81M+1.8%
$79M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.32+0.0%
$0.32
Rev
$97M+14.6%
$85M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.32vs $0.32+0.0% | $69Mvs $68M+1.5% |
| Q1 2026 | Feb 24, 2026 | $0.32vs $0.32+0.0% | $77Mvs $79M-1.9% |
| Q4 2025 | Nov 3, 2025 | $0.32vs $0.32+0.0% | $81Mvs $79M+1.8% |
| Q3 2025 | Aug 4, 2025 | $0.32vs $0.32+0.0% | $97Mvs $85M+14.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for New Mountain Finance Corporation (NMFC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.05 | $665.89M | 50.36 | 12.25% | 4.45% | 1.29% | 15.89% | |
| $18.47 | $13.26B | 9.93 | 32.87% | 43.69% | 8.11% | — | |
| $4.90 | $991.12M | 6.45 | -18.64% | — | — | — | |
| $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% | — |
Compare NMFC vs Peers
New Mountain Finance Corporation (NMFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NMFC SEC Filings & Documents
New Mountain Finance Corporation (NMFC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NMFC Frequently Asked Questions
New Mountain Finance Corporation (NMFC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is New Mountain Finance Corporation's revenue?
New Mountain Finance Corporation (NMFC) reported $225.7M in revenue for fiscal year 2025.
How fast is New Mountain Finance Corporation growing?
New Mountain Finance Corporation (NMFC) grew revenue by 12.3% over the past year. This is steady growth.
Is NMFC profitable?
New Mountain Finance Corporation (NMFC) reported a net loss of $57.9M for fiscal year 2025.
Dividend & Returns
Does NMFC pay dividends?
Yes, New Mountain Finance Corporation (NMFC) pays a dividend with a yield of 15.89%. This makes it attractive for income-focused investors.
What is NMFC's return on equity?
New Mountain Finance Corporation (NMFC) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.
What is New Mountain Finance Corporation's free cash flow?
New Mountain Finance Corporation (NMFC) generated $676.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.