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Source Capital, Inc.(SOR)Earnings, Financials & Key Ratios
SOR•NYSE
$46.22
9.7× P/E·Price updated Jul 7, 2026
AboutSource Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies. It employs fundamental analysis with a bottom-up stock selection approach, focusing on such factors as high liquidity, relatively unleveraged balance sheets, and long-term ability to earn above-average returns on capital to create its portfolio. The fund benchmarks the performance of its portfolio against the Russell 2500 Index, the S&P 500 Index, and the Nasdaq Composite Index. Source Capital, Inc. was formed in June 1, 1968 and is domiciled in the United States.Show more
- EBITDA$39M+141.8%
- Net Income$39M-27.0%
- EPS (Diluted)4.78-26.5%
- Gross Margin100%+56.6%
- EBITDA Margin97.36%+84.3%
- Operating Margin97.36%+82.8%
- Net Margin97.36%-44.4%
- ROE10.92%-29.2%
SOR Price & Volume
Source Capital, Inc. (SOR) stock price & volume — 10-year historical chart
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Portfolio Volatility Masks Underlying Asset Base Stability
Investment Thesis • Updated 2025Q2
VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:NAV discount volatility risk
Key Thesis Takeaways
- Source Capital operates as a closed-end fund where performance is primarily driven by unrealized portfolio appreciation rather than consistent operational revenue, which contracted to $4.5M in 2025Q2.
- The fund's reliance on market-sensitive gains creates significant earnings volatility, as evidenced by operating margins that swung from negative levels in 2022Q2 to 165.9% in 2024Q2.
- Investors should exercise caution regarding the fund's liquidity, as the near-total deployment of capital—evidenced by a nominal cash balance of $525—limits the manager's ability to navigate market dislocations.
Verdict Logic
the fund's near-total capital deployment and the lack of transparent cash flow reporting, combined with a 9.39 P/E ratio, suggest significant risks for investors seeking predictable income or capital preservation.
SOR Growth Metrics
Source Capital, Inc. (SOR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years19.94%
5 Years-9.64%
3 Years-1.71%
TTM-
Profit CAGR
10 Years-8.25%
5 Years-9.83%
3 Years-1.9%
TTM36.87%
EPS CAGR
10 Years-7.74%
5 Years-9.19%
3 Years-1.16%
TTM38.45%
Return on Capital
10 Years4.93%
5 Years4.9%
3 Years2.71%
Last Year10.9%
SOR Recent Earnings
Source Capital, Inc. (SOR) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
Mar 5, 2026Metric
Actual
Est
EPS
$3.57
—
Rev
$27M
—
Q4 2025
Sep 8, 2025Metric
Actual
Est
EPS
$1.83
—
Rev
$5M
—
Q2 2025
Mar 7, 2025Metric
Actual
Est
EPS
$1.55
—
Rev
$10M
—
Q4 2024
Sep 6, 2024Metric
Actual
Est
EPS
$3.23
—
Rev
$10M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 5, 2026 | $3.57 | $27M |
| Q4 2025 | Sep 8, 2025 | $1.83 | $5M |
| Q2 2025 | Mar 7, 2025 | $1.55 | $10M |
| Q4 2024 | Sep 6, 2024 | $3.23 | $10M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Source Capital, Inc. (SOR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $46.22 | $380.39M | 9.67 | 31.26% | 97.36% | 10.92% | — | |
| $64.64 | $1.5B | 5.98 | 180.65% | 729.98% | 12.53% | — | |
| $52.17 | $980.17M | 1.48 | 119.59% | 580.26% | 112.88% | — | |
| $34.36 | $17.85B | 37.76 | 3.45% | 8.99% | 5.64% | — | |
| $27.40 | $12.17B | -17.13 | 5.11% | -3.69% | -1.74% | — | |
| $120.16 | $26.15B | 12.99 | 3.12% | 28.28% | 17.56% | — |
Compare SOR vs Peers
Source Capital, Inc. (SOR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SOR SEC Filings & Documents
Source Capital, Inc. (SOR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SOR Frequently Asked Questions
Source Capital, Inc. (SOR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Source Capital, Inc.'s revenue?
Source Capital, Inc. (SOR) reported $56.8M in revenue for fiscal year 2024.
How fast is Source Capital, Inc. growing?
Source Capital, Inc. (SOR) grew revenue by 31.3% over the past year. This is strong growth.
Is SOR profitable?
Yes, Source Capital, Inc. (SOR) is profitable, generating $77.8M in net income for fiscal year 2024 (97.4% net margin).
Dividend & Returns
What is SOR's return on equity?
Source Capital, Inc. (SOR) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.