Barings Participation Investors(MPV)Earnings, Financials & Key Ratios
MPV•NYSE
$16.49
13.4× P/E·Price updated Jul 6, 2026
AboutBarings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S. High Yield Index, and Lehman Brothers Intermediate U.S. Credit Index. The fund was formerly known as Babson Capital Participation Investors. Barings Participation Investors was formed on April 7, 1988 and is domiciled in the United States.Show more
- EBITDA$15M-16.3%
- Net Income$13M-23.3%
- EPS (Diluted)1.23-24.1%
- Gross Margin88.18%-4.7%
- EBITDA Margin89.93%-0.6%
- Operating Margin89.93%-1.0%
- Net Margin77.37%-8.9%
- ROE8.04%-23.4%
MPV Price & Volume
Barings Participation Investors (MPV) stock price & volume — 10-year historical chart
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Revenue Contraction Challenges Dividend Sustainability and Growth
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Contracting
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Concentrated Private Credit Exposure
Key Thesis Takeaways
- Barings Participation Investors faces a challenging outlook characterized by stagnant asset growth and significant earnings volatility, which complicates the sustainability of its 9.4% dividend yield.
- While the fund maintains a highly efficient cost structure with operating margins reaching 95.0% in 2025Q4, the lack of consistent revenue expansion—down from $11.1M in 2024Q4 to $8.2M in 2025Q4—suggests limited deployment success.
- Investors should monitor the fund's reliance on balance sheet liquidity to cover distributions, as operating cash flow of $5.0M in 2025Q4 failed to fully support the $7.9M in dividend payments.
Verdict Logic
while the 9.4% dividend yield is attractive, the fund's inability to consistently cover distributions with operating cash flow, which was only $5.0M against $7.9M in payouts in 2025Q4, warrants a cautious approach.
MPV Growth Metrics
Barings Participation Investors (MPV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.21%
5 Years5.31%
3 Years6.75%
TTM-
Profit CAGR
10 Years4.45%
5 Years15.81%
3 Years23.86%
TTM21.52%
EPS CAGR
10 Years4.01%
5 Years15.44%
3 Years23.06%
TTM20.27%
Return on Capital
10 Years7.96%
5 Years7.83%
3 Years8.97%
Last Year7.6%
MPV Recent Earnings
Barings Participation Investors (MPV) EPS & revenue vs analyst estimates — last 4 quarters
Q4 2025Latest
Dec 31, 2025Metric
Actual
Est
EPS
$0.65
—
Rev
$8M
—
Q2 2025
May 16, 2025Metric
Actual
Est
EPS
$0.84
—
Rev
$11M
—
Q3 2024
Jun 30, 2024Metric
Actual
Est
EPS
$0.39
—
Rev
$5M
—
Q2 2024
May 16, 2024Metric
Actual
Est
EPS
$0.39
—
Rev
$5M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Dec 31, 2025 | $0.65 | $8M |
| Q2 2025 | May 16, 2025 | $0.84 | $11M |
| Q3 2024 | Jun 30, 2024 | $0.39 | $5M |
| Q2 2024 | May 16, 2024 | $0.39 | $5M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Barings Participation Investors (MPV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.49 | $177.33M | 13.41 | -15.8% | 77.37% | 8.04% | 9.54% | |
| $3.86 | $510.33M | -3.68 | 0.12% | -123.81% | -17.51% | — | |
| $17.45 | $357.24M | 9.97 | 5.1% | 77.86% | 9.22% | — | |
| $12.59 | $816.69M | 8.28 | 12.36% | 37.42% | 6.57% | — | |
| $7.30 | $724.29M | 10.14 | 2.2% | 34.83% | 5.84% | — | |
| $4.79 | $194.47M | 3.93 | 36.55% | -19.55% | -3.39% | — |
Compare MPV vs Peers
Barings Participation Investors (MPV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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MPV Frequently Asked Questions
Barings Participation Investors (MPV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Barings Participation Investors's revenue?
Barings Participation Investors (MPV) reported $38.2M in revenue for fiscal year 2025.
How fast is Barings Participation Investors growing?
Barings Participation Investors (MPV) saw revenue decline by 15.8% over the past year.
Is MPV profitable?
Yes, Barings Participation Investors (MPV) is profitable, generating $30.5M in net income for fiscal year 2025 (77.4% net margin).
Dividend & Returns
Does MPV pay dividends?
Yes, Barings Participation Investors (MPV) pays a dividend with a yield of 9.54%. This makes it attractive for income-focused investors.
What is MPV's return on equity?
Barings Participation Investors (MPV) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
What is Barings Participation Investors's free cash flow?
Barings Participation Investors (MPV) generated $22.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.