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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
$807.46M
P/E (TTM)
51.6
0
Dividend Yield
16.0%
52W High
$11.37
52W Low
$7.52
52W Range
13%
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

Q4 2025 Data

Revenue

$69.34M+0.00%
4-Quarter Trend

EPS

-$0.26+0.00%
4-Quarter Trend

FCF

$135.24M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strategic Asset Sale Agreement Definitive agreement signed Feb 2026 to sell $477.0M assets at 94% of Dec 2025 fair value; closing March 2026.
Operating Expenses Decline Total net operating expenses decreased $35.0M to $190.7M in 2025, primarily due to lower management and incentive fees.
First Lien Investment Concentration First lien loans constitute 66.30% of fair value investments as of Dec 31, 2025, showing focus on senior secured debt.
2021A Notes Repaid Repaid $200.0M in 2021A Unsecured Notes on January 29, 2026, improving near-term debt maturity profile.

Risk Factors

NAV Decline, Stock Discount NAV per share fell $1.03 to $11.52 by year-end 2025; common stock traded at 29.2% discount to NAV.
Significant Unrealized Losses Net realized and unrealized losses totaled $119.3M in 2025, driven by $162.6M in unrealized depreciation across portfolio.
Asset Coverage Ratio Lowered Asset coverage ratio decreased to 179.20% in 2025 from 186.70% in 2024, reducing leverage flexibility.
Total Investment Income Drop Total investment income decreased $44.6M to $327.1M in 2025, mainly due to lower interest income yields.

Outlook

Asset Sale Supports Diversification Asset sale proceeds will advance strategic goals, including increasing portfolio diversification and reducing large position concentration.
Focus on Defensive Growth Continues focus on direct lending to U.S. upper middle market companies in defensive industries for risk-adjusted returns.
Managing Debt Maturities Expects to use net proceeds from asset sale to pay down indebtedness, repurchase common stock, or redeploy capital.

Peer Comparison

Revenue (TTM)

VRTS stock ticker logoVRTS
$830.59M
-8.0%
NMFC stock ticker logoNMFC
$370.24M
+12.3%
GSBD stock ticker logoGSBD
$304.84M
+58.4%

Gross Margin (Latest Quarter)

MFIC stock ticker logoMFIC
193.4%
-1.5pp
SLRC stock ticker logoSLRC
156.7%
+2.2pp
VRTS stock ticker logoVRTS
151.5%
+0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CSWC$1.32B12.311.2%19.6%
GSBD$1.05B8.98.0%55.5%
TRIN$1.03B8.514.1%52.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-17.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 4, 2026
|
EPS:$0.32
|
Revenue:$67.76M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data