# Main Street Capital Corporation (MAIN)

> Source: Nexqual · https://nexqual.com/MAIN · data as of 2026-10-23 17:25 UTC · cite as "Nexqual, Main Street Capital Corporation (MAIN), nexqual.com/MAIN" · informational, not investment advice.

**Price:** USD 53.47 (-1.17% today) · US market open, as of October 23, 2026 at 17:25 UTC; quotes may be delayed. Prev close 54.1 · day 53.27–53.97 · 52w 48.95–65.23 · market cap $5.00B · NYQ

## Key facts
- Valuation: P/E 11.1x (avg 9.7x at the last 3 fiscal year-ends), net debt $2.48B.
- Analysts: Hold (mean 2.63 on a 1–5 scale) (8 analysts), mean target USD 59.86 (range 52–70).
- Total return with dividends: 1Y +0.2% vs S&P 500 +14.4%; 5Y +80.3% vs S&P 500 +77.0%.
- Next earnings: 2026-11-05, EPS estimate USD 0.92, revenue estimate $146M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $331M | $242M | $428M | $508M | $493M | $451M |
| EPS (diluted) | $2.65 | $3.29 | $4.04 | $3.93 | $3.95 | — |
| Cash + short-term investments | $32.6M | $49.1M | $60.1M | $78.3M | $42.0M | — |
| Total debt | $1.80B | $2.00B | $1.80B | $2.12B | $2.46B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.1x · P/B 1.6x · Earnings yield 9.03% · Dividend yield (paid, TTM) 7.80% · Net debt $2.48B · EV $7.48B
P/E at fiscal year-ends: Dec 2025 10.9x, Dec 2024 10.0x, Dec 2023 8.3x.

## Analysts
Consensus Hold (mean 2.63 on a 1–5 scale), 8 analysts; mean target USD 59.86 (low 52, high 70).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | UBS | Target lowered | Neutral | $62 → $57 |
| 2026-09-29 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $55 → $60 |
| 2026-08-10 | Truist Securities | Target raised | Hold | $53 → $57 |
| 2026-08-10 | Wells Fargo | Target raised | Equal-Weight | $50 → $55 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +0.2% | +80.3% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +0.2% | +12.5% |
| Volatility (annualized) | 24.4% | 20.8% |
| Max drawdown | -21.3% (Jan 2026→May 2026) | -25.8% (Aug 2022→Oct 2022) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.41 -2.09% · VCTR (Victory Capital Holdings, Inc. ) USD 106.65 -0.69% · PDI (PIMCO Dynamic Income Fund) USD 14.31 +0.06% · AMG (Affiliated Managers Group, Inc.) USD 387.98 -1.91% · SEIC (SEI Investments Company) USD 102.88 -1.55% · IVZ (Invesco Ltd) USD 28.22 -1.98%

## More
Full page: https://nexqual.com/MAIN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-10-15)

- "The preliminary estimates of third quarter 2026 financial information and results furnished above are based on Main Street management's preliminary determinations and current expectations, and such information is inherently uncertain."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.92 | $0.98 | -5.2% | $146.4M | 7 |
| Next quarter (ends 2026-12-31) | $0.94 | $0.97 | -3.6% | $150.2M | 7 |
| Current fiscal year (ends 2026-12-31) | $3.78 | $3.83 | -1.2% | $586.2M | 7 |
| Next fiscal year (ends 2027-12-31) | $3.87 | $3.91 | -1.1% | $629.1M | 8 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±5.1%; last 8 reports averaged ±3.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 21.5% | ±5.1% |
| 2026-12-18 | 56 | 20.9% | ±6.8% |
| 2027-03-19 | 147 | 20.7% | ±11.0% |
| 2027-06-17 | 237 | 21.5% | ±14.3% |