Main Street Capital Corporation (MAIN) Income Statement
MAIN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMAIN revenue and net income
Where MAIN's revenue goes
2025Each bar shows an amount and its share of revenue. MAIN kept 76.6% of revenue as net income.
MAIN profit margins
MAIN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.1% | +24.9% | +23.7% | +15.4% |
| Gross profit | +7.2% | +24.9% | +66.1% | +18.1% |
| Operating income | −3.4% | +14.9% | +101.0% | +18.4% |
| Net income | −2.9% | +26.9% | +75.8% | +16.8% |
| EPS (diluted) | −0.5% | +7.3% | +14.1% | +6.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MAIN quarterly EPS vs estimates
Main Street Capital beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.93).
MAIN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $644.5M | $724.7M | $612.5M | $331.2M | $411.2M | $222.6M | $167.8M | $252.7M | $264.5M | $201.2M |
| Cost of revenue | $0 | $123.4M | $102.6M | $78.3M | $58.8M | $49.6M | $50.3M | $43.5M | $36.5M | $33.6M |
| Gross profit | $644.5M | $601.3M | $509.9M | $331.2M | $411.2M | $51.0M | $167.8M | $209.2M | $228.0M | $167.5M |
| Research & development | — | — | $1 | $1 | $1 | $0 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $73.7M | $3.7M | $58.8M | $66.2M | $47.5M | $5.3M | $5.9M | $5.1M | $5.3M | $4.2M |
| Total operating expenses | $124.3M | $62.5M | $58.8M | $66.2M | $47.5M | $35.2M | $37.0M | $34.8M | $32.9M | $29.9M |
| Operating income | $520.2M | $538.7M | $451.1M | $343.2M | $363.6M | $15.8M | $130.8M | $174.4M | $195.1M | $137.7M |
| Interest income | $566.4M | $541.0M | $392.8M | $284.7M | $193.7M | $222.6M | $243.4M | $233.4M | $205.7M | $178.3M |
| Interest expense | $128.0M | $123.4M | $102.6M | $78.3M | $58.8M | $49.6M | $50.3M | $43.5M | $36.5M | $33.6M |
| Income before taxes | $520.2M | $538.7M | $451.1M | $264.9M | $363.6M | $15.8M | $130.8M | $174.4M | $195.1M | $137.7M |
| Income taxes | $26.8M | $30.6M | $22.6M | $23.3M | $32.9M | −$13.5M | $1.2M | $6.2M | $24.5M | −$1.2M |
| Net income | $493.4M | $508.1M | $428.4M | $241.6M | $330.8M | $29.4M | $129.6M | $168.2M | $170.6M | $138.9M |
| EBITDA | $526.7M | $543.9M | $454.4M | $318.4M | $843.9M | $15.8M | $355.5M | $177.7M | $197.9M | $145.2M |
| EPS (diluted) | $4.06 | $4.08 | $4.14 | $3.29 | $2.64 | $2.10 | $2.51 | $2.61 | $2.39 | $2.23 |
| Gross margin | 100.0% | 83.0% | 83.3% | 100.0% | 100.0% | 22.9% | 100.0% | 82.8% | 86.2% | 83.3% |
| Operating margin | 80.7% | 74.3% | 73.7% | 103.6% | 88.4% | 7.1% | 78.0% | 69.0% | 73.8% | 68.4% |
| Net margin | 76.6% | 70.1% | 70.0% | 73.0% | 80.4% | 13.2% | 77.2% | 66.6% | 64.5% | 69.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.6M | $163.5M | $202.9M | $183.7M | $177.4M | $170.7M | $221.2M | $184.9M | $158.6M | $159.9M | $177.5M | $150.9M |
| Cost of revenue | $36.6M | $34.0M | $0 | $32.5M | $32.5M | $31.2M | $34.0M | $33.5M | $29.2M | $26.8M | $24.4M | $26.4M |
| Gross profit | $112.9M | $129.5M | $202.9M | $151.2M | $144.9M | $139.5M | $187.2M | $151.5M | $129.5M | $133.1M | $153.1M | $124.5M |
| Sales, general & admin | $20.0M | $18.6M | $74.8M | $16.6M | $18.1M | $16.1M | $16.1M | $15.8M | $15.7M | $15.0M | $14.8M | $14.6M |
| Total operating expenses | $19.1M | $40.2M | $66.4M | $17.8M | $18.1M | $16.1M | $16.1M | $15.8M | $15.7M | $15.0M | $14.8M | $14.6M |
| Operating income | $93.8M | $89.3M | $136.6M | $133.4M | $126.8M | $123.5M | $171.1M | $135.7M | $113.8M | $118.1M | $138.4M | $109.9M |
| Interest income | $112.6M | $140.1M | $145.5M | $139.8M | $144.0M | $137.0M | $140.4M | $136.8M | $132.2M | $100.1M | $129.3M | $123.2M |
| Interest expense | $36.6M | $34.0M | $31.8M | $32.5M | $32.5M | $31.2M | $34.0M | $33.5M | $29.2M | $26.8M | $24.4M | $26.4M |
| Income before taxes | $158.8M | $55.2M | $136.6M | $133.4M | $126.8M | $123.5M | $171.1M | $135.7M | $113.8M | $118.1M | $138.4M | $109.9M |
| Income taxes | $11.3M | $6.2M | $5.4M | $9.7M | $4.3M | $7.4M | −$3.1M | $11.7M | $11.1M | $10.9M | −$711,000 | $6.6M |
| Net income | $147.6M | $49.0M | $131.1M | $123.7M | $122.5M | $116.1M | $174.2M | $124.0M | $102.7M | $107.1M | $139.1M | $103.3M |
| EBITDA | $95.2M | $90.9M | $138.2M | $135.2M | $128.4M | $124.9M | $171.1M | $135.7M | $113.8M | $119.2M | $138.4M | $109.9M |
| EPS (diluted) | $0.97 | $0.93 | $1.09 | $0.97 | $0.99 | $1.01 | $1.02 | $1.00 | $1.01 | $1.05 | $1.07 | $0.99 |
| Gross margin | 75.5% | 79.2% | 100.0% | 82.3% | 81.7% | 81.7% | 84.6% | 81.9% | 81.6% | 83.3% | 86.3% | 82.5% |
| Operating margin | 62.7% | 54.6% | 67.3% | 72.6% | 71.5% | 72.3% | 77.4% | 73.4% | 71.7% | 73.9% | 77.9% | 72.8% |
| Net margin | 98.7% | 29.9% | 64.6% | 67.3% | 69.1% | 68.0% | 78.8% | 67.1% | 64.7% | 67.0% | 78.3% | 68.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MAIN's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MAIN financial results
In fiscal year 2025 (ended December 31, 2025), Main Street Capital reported revenue of $644.5 million, down 11.1% from the year before. It had net income of $493.4 million (down 2.9%), a net profit margin of 76.6%. Diluted earnings per share came to $4.06. Over five years revenue grew at an average rate of 23.7% a year.
See the MAIN stock overview for the latest quote and news, or the MAIN chart for price history and technical indicators.
MAIN income statement FAQ
What is Main Street Capital's annual revenue?
Main Street Capital reported total revenue of $644.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.1% from $724.7 million the previous year.
Is Main Street Capital profitable?
Yes. Main Street Capital reported net income of $493.4 million in fiscal 2025, a net profit margin of 76.6%; its operating margin was 80.7%.
What is Main Street Capital's gross margin?
Main Street Capital's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Main Street Capital kept $100 after the direct cost of its products and services.
How fast is Main Street Capital growing?
Revenue grew 23.7% a year on average over the last five fiscal years, from $222.6 million to $644.5 million.
What are Main Street Capital's earnings per share?
Main Street Capital earned $4.06 per diluted share in fiscal 2025, compared with $4.08 a year earlier.
When will Main Street Capital report its next earnings?
Main Street Capital is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Main Street Capital's fiscal year end?
Main Street Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.