Latest Ratios: P/E Ratio 9.6x · EV/EBITDA N/A · ROE 6.4%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $110M | $138M | $184M | $153M | $185M | $241M | $168M | $222M | $195M | $256M | $224M |
| Enterprise Value | $108M | $327M | $467M | $449M | $510M | $570M | $505M | $616M | $505M | $474M | $396M |
| P/E Ratio → | 9.58 | 12.02 | 18.89 | 413.45 | — | 7.43 | 102.03 | 11.55 | 33.10 | 21.15 | 9.15 |
| P/S Ratio | 3.55 | 6.51 | 5.23 | 5.67 | 9.52 | 4.46 | 7.53 | 5.29 | 19.92 | 10.77 | 6.43 |
| P/B Ratio | 0.66 | 0.83 | 0.96 | 0.75 | 0.82 | 0.96 | 0.72 | 0.89 | 0.75 | 0.92 | 0.93 |
| P/FCF | 0.95 | 1.19 | 21.53 | 15.38 | 17.66 | 19.30 | 7.08 | 8.79 | — | — | — |
| P/OCF | 0.95 | 1.19 | 21.53 | 15.38 | 17.66 | 19.30 | 7.08 | 8.79 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.41 | 13.27 | 16.63 | 26.21 | 10.55 | 22.61 | 14.67 | 51.54 | 19.92 | 11.37 |
| EV / EBITDA | — | 29.80 | 45.99 | 381.55 | — | 17.42 | 250.38 | 32.03 | 9.11 | 18.22 | 17.58 |
| EV / EBIT | — | 29.80 | 45.99 | 381.55 | — | 17.42 | 250.38 | 32.03 | 27.89 | 18.22 | 17.58 |
| EV / FCF | — | 2.82 | 54.60 | 45.10 | 48.65 | 45.72 | 21.27 | 24.38 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.8% | 60.8% | 41.5% | 20.2% | 23.1% | 74.3% | 29.2% | 56.2% | -9.9% | 69.6% | 83.1% |
| Operating Margin | 51.7% | 51.7% | 28.9% | 4.4% | -7.1% | 60.6% | 9.0% | 45.8% | 325.4% | 109.3% | 64.7% |
| Net Profit Margin | 53.8% | 53.8% | 27.6% | 1.4% | -14.3% | 60.1% | 7.4% | 45.8% | 59.7% | 51.1% | 70.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.4% | 6.4% | 4.9% | 0.2% | -1.2% | 13.4% | 0.7% | 7.6% | 2.2% | 4.7% | 11.5% |
| ROA | 2.6% | 2.6% | 1.9% | 0.1% | -0.5% | 5.5% | 0.3% | 3.1% | 1.1% | 2.6% | 6.2% |
| ROIC | 2.0% | 2.0% | 1.5% | 0.2% | -0.2% | 4.2% | 0.2% | 2.4% | 4.5% | 4.2% | 4.4% |
| ROCE | 2.6% | 2.6% | 2.0% | 0.2% | -0.2% | 5.6% | 0.3% | 3.1% | 7.5% | 10.0% | 10.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.15 | 1.15 | 1.52 | 1.48 | 1.47 | 1.33 | 1.47 | 1.59 | 1.21 | 0.80 | 0.74 |
| Debt / EBITDA | 17.39 | 17.39 | 28.75 | 255.62 | — | 10.14 | 170.39 | 20.60 | 5.66 | 8.53 | 7.90 |
| Net Debt / Equity | — | 1.13 | 1.48 | 1.45 | 1.44 | 1.32 | 1.44 | 1.58 | 1.20 | 0.78 | 0.71 |
| Net Debt / EBITDA | 17.22 | 17.22 | 27.86 | 251.41 | — | 10.06 | 167.03 | 20.49 | 5.59 | 8.37 | 7.64 |
| Debt / FCF | — | 1.63 | 33.07 | 29.72 | 30.99 | 26.42 | 14.19 | 15.59 | — | — | — |
| Interest Coverage | 0.69 | 0.69 | 0.46 | 0.05 | -0.09 | 2.36 | 0.13 | — | 1.67 | 3.59 | 3.82 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.64 | 1.64 | 6.55 | 4.69 | 3.50 | 2.03 | 2.23 | 2.07 | 1.53 | — | — |
| Quick Ratio | 1.64 | 1.64 | 6.55 | 4.69 | 3.50 | 2.03 | 2.23 | 2.07 | 1.53 | — | — |
| Cash Ratio | 0.12 | 0.12 | 1.82 | 0.96 | 0.87 | 0.44 | 1.33 | 0.42 | 0.50 | 0.02 | 0.03 |
| Asset Turnover | — | 0.06 | 0.07 | 0.05 | 0.03 | 0.09 | 0.04 | 0.06 | 0.02 | 0.05 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 176.7% | 176.7% | — | — | — | — | — | — | 481.9% | 218.3% | 84.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.4% | 8.3% | 5.3% | 0.2% | — | 13.5% | 1.0% | 8.7% | 3.0% | 4.7% | 10.9% |
| FCF Yield | 100.0% | 84.0% | 4.6% | 6.5% | 5.7% | 5.2% | 14.1% | 11.4% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $22M | $22M | $22M | $22M | $21M | $21M | $20M | $20M | $19M | $15M |
Portfolio Credit Quality Erosion
As reported in recent financial filings, MRCC trades at a P/B ratio of 0.66, which suggests that the market is applying a significant discount to the firm's net asset value compared to peers like Capital Southwest, which trades at a premium 1.51 P/B multiple.
The current valuation appears to reflect deep skepticism regarding the fair value marks of the firm's Level 3 assets. Investors should monitor whether this discount is a structural reaction to the ongoing portfolio contraction or if it represents a mispricing of the underlying unitranche loan quality.
Based on the provided financial data, MRCC's net margin has experienced extreme volatility, swinging from a negative 63.1% in 2025Q2 to a positive 45.9% in 2025Q4, indicating that the firm's earning power is highly sensitive to non-recurring items and portfolio-level credit events.
The inconsistency in margins suggests that the core interest-earning engine is struggling to overcome the impact of non-accruals and management fee structures. This volatility warrants further investigation into the sustainability of net income, as the headline figures may be masking underlying operational weakness.
According to historical performance data, MRCC's ROE has trended into negative territory, reaching -1.6% in 2025Q4, which highlights a fundamental decay in the firm's ability to generate returns on its invested capital compared to the more stable performance observed in previous fiscal periods.
The decline in ROIC suggests that the firm's origination engine is failing to deploy capital into high-yielding, performing assets. This trend appears to be driven by a combination of shrinking margins and the inability to maintain a consistent, interest-bearing asset base.
As indicated by the company's reported figures, the debt-to-equity ratio has compressed to 1.15 in 2025Q4, a notable shift from the 1.58 level seen in 2023Q3, which suggests that management is actively reducing leverage in response to the ongoing decline in total investment assets.
While a lower D/E ratio might typically signal a stronger balance sheet, in this context, it appears to be a defensive reaction to portfolio instability. Investors should monitor whether this deleveraging is a strategic pivot or a forced response to the erosion of the firm's equity base.
Based on the reported financial statements, the most commonly misapplied metric for MRCC is the dividend yield, which obscures the underlying reality that distributions may be supported by non-cash PIK income rather than sustainable, cash-generating interest income from the firm's loan portfolio.
Analysts should prioritize the cash-to-PIK interest ratio over the headline dividend yield to assess true liquidity. Relying on the dividend yield alone ignores the risk that the firm may be paying out capital that is not being replenished by actual cash inflows from its borrowers.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying MRCC stock.
Monroe Capital Corporation's current P/E ratio is 9.6x. The historical average is 27.1x. This places it at the 33th percentile of its historical range.
Monroe Capital Corporation's return on equity (ROE) is 6.4%. The historical average is 5.8%.
Based on historical data, Monroe Capital Corporation is trading at a P/E of 9.6x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Monroe Capital Corporation's current dividend yield is 0.24% with a payout ratio of 176.7%.
Monroe Capital Corporation has 60.8% gross margin and 51.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Monroe Capital Corporation's Debt/EBITDA ratio is 17.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.