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
Market Cap
$937.69M
P/E (TTM)
13.6
0
Dividend Yield
14.1%
52W High
$12.05
52W Low
$8.84
52W Range
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)
$292.80M
$291.45M
$268.05M
Gross Margin (Latest Quarter)
HRZN81.0%
69.4%
68.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CSWC | $1.33B | 14.8 | 9.9% | 19.5% |
| TRIN | $1.25B | 8.3 | 15.9% | 0.0% |
| GSBD | $1.07B | 8.1 | 8.7% | 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%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 4, 2025|Revenue: $96.88M+52.8%|EPS: $0.07-77.4%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 5, 2025|Revenue: $85.66M+8.8%|EPS: $0.22-15.4%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $329.83M-3.6%|EPS: $1.06-20.9%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $95.33M+1.0%|EPS: $0.22-45.0%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $63.42M+69.2%|EPS: $0.32-8.6%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $78.73M+69.4%|EPS: $0.26-40.9%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 26, 2024|Revenue: $374.84M+320.7%|EPS: $1.34+78.7%Beat