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New Mountain Finance Corporation

New Mountain Finance Corporation

NASDAQ•NMFC
CEO: Mr. John R. Kline
Sector: Financial Services
Industry: Asset Management
Listing Date: 2011-05-20
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in “defensive growth” industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.
Contact Information
1633 Broadway, 48th Floor, New York, NY, 10019, United States
212-720-0300
www.newmountainfinance.com
Market Cap
$937.69M
P/E (TTM)
13.6
0
Dividend Yield
14.1%
52W High
$12.05
52W Low
$8.84
52W Range
8%
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$80.54M-15.51%
4-Quarter Trend

EPS

$0.11-50.00%
4-Quarter Trend

FCF

$23.28M-239.29%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Share Repurchases Reduce Outstanding Repurchased 3.66M shares over nine months, reducing outstanding common stock base to 104.19M shares as of September 30, 2025.
Total Liabilities Reduced Total liabilities decreased to 1.826B USD from 1.887B USD year-end 2024, driven by debt repayments across facilities.
NAV Per Share Decline Modest Net asset value per share decreased to $12.06 USD from $12.55 USD at year-end 2024, reflecting quarterly operational results.

Risk Factors

Investment Performance Deterioration Net realized and unrealized losses increased to 59.53M USD for nine months ended September 30, 2025, impacting net asset value.
Core Investment Income Decreased Nine-month net investment income fell to 103.27M USD from 111.38M USD, reflecting lower yields and invested asset base.
Portfolio Quality Concerns Remain Notorious Topco holds a Red Risk Rating; AAC and National HME are rated Orange, signaling ongoing credit stress in portfolio.

Outlook

New Share Repurchase Program Board authorized a new $100.0M share repurchase program, expected to be in place until December 31, 2026, subject to market conditions.
Unsecured Revolver Maturity Extended Amended Unsecured Management Company Revolver maturity extended to December 31, 2030, enhancing liquidity runway flexibility.
Declared Fourth Quarter Distribution Declared Q4 2025 distribution of $0.32 per share, payable December 31, 2025, maintaining RIC status compliance.

Peer Comparison

Revenue (TTM)

New Mountain Finance CorporationNMFC
$292.80M
+1.0%
Goldman Sachs BDC, Inc.GSBD
$291.45M
+38.4%
Trinity Capital Inc.TRIN
$268.05M
+46.0%

Gross Margin (Latest Quarter)

Horizon Technology Finance CorporationHRZN
81.0%
-5.2pp
Capital Southwest CorporationCSWC
69.4%
-57.4pp
Trinity Capital Inc.TRIN
68.3%
-12.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CSWC$1.33B14.89.9%19.5%
TRIN$1.25B8.315.9%0.0%
GSBD$1.07B8.18.7%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
39.4%
Strong Growth
4Q Net Income CAGR
-23.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$0.32
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $80.54M-15.5%
    |
    EPS: $0.11-50.0%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $96.88M+52.8%
    |
    EPS: $0.07-77.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $85.66M+8.8%
    |
    EPS: $0.22-15.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $329.83M-3.6%
    |
    EPS: $1.06-20.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $95.33M+1.0%
    |
    EPS: $0.22-45.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $63.42M+69.2%
    |
    EPS: $0.32-8.6%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $78.73M+69.4%
    |
    EPS: $0.26-40.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $374.84M+320.7%
    |
    EPS: $1.34+78.7%
    Beat