Pulling SEC filings + quote and writing the call…

Main Street Capital CORP
Next earnings Aug 3, 2026 · consensus $0.99 EPS, $146M rev
Last earnings -1.3% on 2026-05-07
Best-in-class lower-middle-market BDC with rising NII and a growing dividend, but a steep premium to NAV caps upside.
Sources: SEC EDGAR (CIK 0001396440, latest 10-Q filed 2026-05-08) · analysis by claude-code · as of 6/21/2026, 9:00:00 PM.
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Middling fundamentals and a rich price (~33% above fair value) leave little margin of safety — a wait-and-see.
Main Street Capital is widely regarded as the premier lower-middle-market BDC, and its FY2025 results show the consistency that earned that reputation. Total investment income rose 5% to $566.4 million and net investment income grew 3% to $352.7 million ($3.95/share), with dividend income up a strong 45% even as interest income dipped 4% on lower benchmark rates. The 'net increase in net assets resulting from operations' (GAAP net income) was $493M, down just 2.9% as slightly lower unrealized appreciation offset higher NII. ROE is a healthy 16.5% and the dividend grew 5.9% to $378M, reflecting Main Street's signature regular-plus-supplemental payout discipline.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $331M | $242M | $428M | $508M | $493M |
| Diluted EPS | $2.65 | $3.29 | $4.04 | $3.93 | $3.95 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-05-15 | Lane Brian E. Director | Acquired (J) | 72.31 @ $50.69 | $3.67K |
| 2026-05-15 | Lane Brian E. Director | Acquired (J) | 192.59 @ $50.45 | $9.72K |
| 2026-05-15 | Magdol David L. PRESIDENT, CIO AND SMD | Acquired (J) | 68.34 @ $50.65 | $3.46K |
| 2026-05-15 | Magdol David L. PRESIDENT, CIO AND SMD | Acquired (J) | 64.67 @ $50.69 | $3.28K |
| 2026-05-15 | Griffin Jon Kevin Director | Acquired (J) | 22.47 @ $50.69 | $1.14K |
| 2026-05-15 | Griffin Jon Kevin Director | Acquired (J) | 259.09 @ $50.45 | $13.1K |
| 2026-05-15 | McHugh Ryan VP, CAO & Assistant Treasurer | Acquired (J) | 41.30 @ $50.69 | $2.09K |
| 2026-05-15 | McHugh Ryan VP, CAO & Assistant Treasurer | Acquired (J) | 34.82 @ $50.69 | $1.77K |
| 2026-05-15 | JACKSON JOHN EARL Director | Acquired (J) | 98.41 @ $50.69 | $4.99K |
| 2026-05-15 | JACKSON JOHN EARL Director | Acquired (J) | 252.63 @ $50.45 | $12.7K |
| 2026-05-15 | JACKSON JOHN EARL Director | Acquired (J) | 10.00 @ $50.49 | $504.85 |
| 2026-05-15 | SHIVE DUNIA A Director | Acquired (J) | 108.73 @ $50.45 | $5.49K |