Capital Southwest Financials

CSWC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Capital Southwest (CSWC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$42.6M

YoY-1.5%

5Y CAGR+6.1%

Capital Southwest held $42.6M in cash against $1.1B in long-term debt as of fiscal year 2026.

Dividends Per Share

$2.56

YoY+1.2%

5Y CAGR+4.6%

Capital Southwest paid $2.56 per share in dividends in fiscal year 2026. This represents an increase of 1.2% from the prior year.

Shares Outstanding

60M

YoY+13.7%

5Y CAGR+23.4%

Capital Southwest had 60M shares outstanding in fiscal year 2026. This represents an increase of 13.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CSWC Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$6.2M+19.0%	$5.2M+13.2%	$4.6M+13.6%	$4.1M+30.9%	$3.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$55.0M+27.6%	$43.1M+49.2%	$28.9M+44.9%	$19.9M+11.1%	$17.9M
Income Tax	N/A	$2.3M+139.9%	$944K+186.9%	$329K-46.5%	$615K-74.8%	$2.4M
Net Income	N/A	$70.5M-15.4%	$83.4M+152.0%	$33.1M-22.7%	$42.8M-15.9%	$50.9M
EPS (Diluted)	N/A	$1.47-45.6%	$2.70+17.9%	$2.29+22.5%	$1.87+12.7%	$1.66

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7M+2.2%	$1.7M+0.5%	$1.7M	N/A	$1.6M+10.9%	$1.5M-5.8%	$1.6M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.1M+12.7%	$16.0M+5.0%	$15.3M	N/A	$14.7M+16.9%	$12.6M+1.1%	$12.4M	N/A
Income Tax	-$2.4M-215.8%	$2.0M+145.5%	$828K	N/A	$367K+131.9%	-$1.2M-147.4%	$2.4M	N/A
Net Income	$32.9M+28.4%	$25.6M-5.1%	$27.0M+53.8%	$17.6M+7.9%	$16.3M-28.3%	$22.7M+61.6%	$14.0M+4.2%	$13.5M
EPS (Diluted)	$0.54+22.7%	$0.44-8.3%	$0.48+37.1%	$0.35+2.9%	$0.34-29.2%	$0.48+54.8%	$0.31-53.7%	$0.67

CSWC Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$2.1B+12.4%	$1.9B+20.9%	$1.6B+23.8%	$1.3B+29.1%	$974.0M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$42.6M-1.5%	$43.2M+33.9%	$32.3M+49.5%	$21.6M+88.8%	$11.4M-63.8%	$31.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B+12.1%	$999.2M+24.7%	$801.1M+20.1%	$667.3M+20.6%	$553.1M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.1B+12.2%	$956.1M+24.0%	$770.9M+20.9%	$637.6M+20.6%	$528.6M	N/A
Total Equity	$995.6M+12.7%	$883.6M+16.9%	$755.7M+28.0%	$590.4M+40.3%	$420.9M+25.2%	$336.3M
Retained Earnings	-$76.5M+13.8%	-$88.7M-68.9%	-$52.5M-25.5%	-$41.8M-308.0%	-$10.3M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.1B+4.7%	$2.0B+7.4%	$1.9B0.0%	$1.9B+5.2%	$1.8B+11.5%	$1.6B+3.9%	$1.5B-0.8%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$42.6M-51.3%	$87.4M+86.5%	$46.9M+8.5%	$43.2M+20.0%	$36.0M-23.8%	$47.2M+41.9%	$33.3M+3.2%	$32.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B+4.3%	$1.1B+11.2%	$965.9M-3.3%	$999.2M+4.2%	$958.6M+17.9%	$813.2M+6.1%	$766.7M-4.3%	$801.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.1B+3.6%	$1.0B+11.8%	$926.0M-3.1%	$956.1M+3.9%	$920.2M+17.2%	$785.0M+6.7%	$735.4M-4.6%	$770.9M
Total Equity	$995.6M+5.1%	$947.0M+3.3%	$916.5M+3.7%	$883.6M+6.4%	$830.4M+5.0%	$791.3M+1.8%	$777.3M+2.9%	$755.7M
Retained Earnings	-$76.5M+28.9%	-$107.5M-10.7%	-$97.1M-9.4%	-$88.7M-3.7%	-$85.6M-12.8%	-$75.8M-11.5%	-$68.0M-29.5%	-$52.5M

CSWC Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	N/A	-$217.3M-15.3%	-$188.5M+17.0%	-$227.1M-24.3%	-$182.7M-167.6%	-$68.3M
Capital Expenditures	N/A	$1.7M+12715.4%	$13K-95.4%	$281K-85.9%	$2.0M	$0
Free Cash Flow	N/A	-$218.9M-16.1%	-$188.5M+17.1%	-$227.4M-23.1%	-$184.7M-170.6%	-$68.3M
Investing Cash Flow	N/A	-$1.7M-12715.4%	-$13K+95.4%	-$281K+85.9%	-$2.0M	$0
Financing Cash Flow	N/A	$231.5M+16.2%	$199.2M-16.1%	$237.5M+44.4%	$164.5M+91.0%	$86.1M
Dividends Paid	N/A	$125.3M+21.7%	$102.9M+44.8%	$71.1M+21.3%	$58.6M+46.8%	$39.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$93.6M-31.5%	-$71.2M-333.6%	$30.5M+151.9%	-$58.7M+64.6%	-$165.8M-595.8%	-$23.8M-176.6%	$31.1M+130.5%	-$102.1M
Capital Expenditures	$15K-81.5%	$81K-42.6%	$141K-64.4%	$396K-47.1%	$748K+50.5%	$497K+1888.0%	$25K+150.0%	$10K
Free Cash Flow	-$93.6M-31.3%	-$71.3M-334.9%	$30.4M+151.3%	-$59.1M+64.5%	-$166.6M-584.7%	-$24.3M-178.2%	$31.1M+130.5%	-$102.1M
Investing Cash Flow	-$15K+81.5%	-$81K+42.6%	-$141K+64.4%	-$396K+47.1%	-$748K-50.5%	-$497K-1888.0%	-$25K-150.0%	-$10K
Financing Cash Flow	$48.8M-56.4%	$111.8M+519.1%	-$26.7M-139.3%	$68.0M-56.2%	$155.3M+306.0%	$38.3M+227.2%	-$30.1M-127.1%	$110.8M
Dividends Paid	$37.3M+3.6%	$36.0M+1.9%	$35.3M+4.9%	$33.7M+6.9%	$31.5M+3.4%	$30.5M+3.4%	$29.5M+3.9%	$28.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CSWC Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	8.0%-3.1pp	11.0%+5.4pp	5.6%-4.6pp	10.2%-5.0pp	15.1%
Return on Assets	N/A	3.8%-1.6pp	5.4%+2.7pp	2.6%-1.8pp	4.4%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.080.0	1.08+0.1	1.02-0.1	1.08-0.2	1.26	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	3.3%+0.6pp	2.7%-0.2pp	2.9%+1.0pp	2.0%+0.0pp	2.0%-0.9pp	2.9%+1.1pp	1.8%+0.0pp	1.8%
Return on Assets	1.6%+0.3pp	1.3%-0.2pp	1.4%+0.5pp	0.9%+0.0pp	0.9%-0.5pp	1.4%+0.5pp	0.9%+0.0pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.08-0.0	1.09+0.1	1.01-0.1	1.08-0.0	1.11+0.1	0.99+0.0	0.95-0.1	1.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

How much debt does Capital Southwest have?

As of fiscal year 2026, Capital Southwest (CSWC) had $42.6M in cash and equivalents against $1.1B in long-term debt.

Does Capital Southwest pay dividends?

Yes, Capital Southwest (CSWC) paid $2.56 per share in dividends during fiscal year 2026.

What are Capital Southwest's total assets?

Capital Southwest (CSWC) had $2.1B in total assets as of fiscal year 2026, including both current and long-term assets.

How many shares does Capital Southwest have outstanding?

Capital Southwest (CSWC) had 60M shares outstanding as of fiscal year 2026.

What is Capital Southwest's debt-to-equity ratio?

Capital Southwest (CSWC) had a debt-to-equity ratio of 1.08 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.