What is Capital Southwest Corp's earnings per share (EPS)?

Capital Southwest Corp (CSWC) reported diluted earnings per share of $1.90 for fiscal year 2026. This represents a 29.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Capital Southwest Corp (CSWC) Financials

CSWC

Trailing 12 months to June 30, 2026

Net Income $110.7M +32.6% YoY

EPS (Diluted) $1.81 +9.7% YoY

Free Cash Flow -$305.0M -38.8% YoY

Operating Cash Flow -$304.9M -39.9% YoY

Market Cap $1.5B as of Oct 16, 2026

Price / Sales n/m no revenue reported

Price / Earnings 13.3x on $110.7M net income, trailing 12 months to June 30, 2026

Price / Book 1.4x on $1.1B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CSWC SEC filings page.

This page shows Capital Southwest Corp (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).

Rhea AI CSWC FY2026 2026-10-03

Capital Southwest expanded its asset base through heavier financing, while reported earnings rose but cash generation remained structurally negative.

Reported net income climbed from $42.7M in FY2022 to $135.5M in FY2026, yet operating cash flow stayed negative throughout the period. In FY2026, operating cash flow of -$193.5M was nearly identical to free cash flow of -$193.8M, indicating that accounting earnings did not translate into cash available after investment activity.

The balance sheet more than doubled in scale: total assets reached $2.18B while liabilities reached $1.17B in FY2026. That combination points to an asset-financing model in which growth depends substantially on outside capital, not accumulated operating cash.

Financing activity supports distributions: FY2026 financing cash flow was $178.4M alongside dividends paid of $147.2M. Because operating cash flow was negative, shareholder distributions were funded alongside new financing rather than from internally generated cash.

Financial Health Signals

Financial health score not available

Capital Southwest Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/6

Capital Southwest Corp passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing

$1.43used

For every $1 of reported earnings, Capital Southwest Corp used $1.43 of operating cash (-$193.5M OCF vs $135.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

Export CSV

Earnings & Revenue

Net Income

$24.7M

YoY-8.4%

QoQ-10.0%

5Y CAGR+10.3%

Capital Southwest Corp reported $24.7M in net income in Q1 2027. This represents a decrease of 8.4% from the same quarter a year earlier. Against the prior quarter it is down 10.0%.

EPS (Diluted)

$0.39

YoY-18.7%

QoQ-11.4%

5Y CAGR-1.9%

Capital Southwest Corp earned $0.39 per diluted share (EPS) in Q1 2027. This represents a decrease of 18.7% from the same quarter a year earlier. Against the prior quarter it is down 11.4%.

Revenue

Not reported for Q1 2027.

EBITDA

Not reported for Q1 2027.

Cash & Balance Sheet

Free Cash Flow

-$80.9M

YoY-366.4%

QoQ-36.6%

Capital Southwest Corp recorded an outflow of $80.9M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 366.4% from the same quarter a year earlier. Against the prior quarter it is down 36.6%.

Cash & Debt

$58.5M

YoY+24.7%

QoQ+101.3%

Capital Southwest Corp held $58.5M in cash against $1.2B in long-term debt as of Q1 2027.

Shares Outstanding

64M

YoY+14.6%

QoQ+2.6%

Capital Southwest Corp had 64M shares outstanding in Q1 2027. This represents an increase of 14.6% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Return on Equity

2.3%

YoY-0.6pp

QoQ-0.4pp

5Y change-1.8pp

Capital Southwest Corp's ROE was 2.3% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Gross Margin

Not reported for Q1 2027.

Operating Margin

Not reported for Q1 2027.

Net Margin

Not reported for Q1 2027.

Capital Allocation

Capital Expenditures

YoY-100.0%

QoQ-100.0%

Capital Southwest Corp reported no capital expenditure in Q1 2027. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q1 2027.

Share Buybacks

Not reported for Q1 2027.

CSWC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSWC quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.8M+16.1%	$9.3M+23.3%	$7.6M+23.9%	$6.1M
SG&A Expenses	N/A	$7.0M+11.4%	$6.2M+19.0%	$5.2M+13.2%	$4.6M+13.6%	$4.1M+30.9%	$3.1M	N/A	N/A	N/A	N/A
Interest Expense	N/A	$66.6M+21.2%	$55.0M+27.6%	$43.1M+49.2%	$28.9M+44.9%	$19.9M+11.1%	$17.9M	N/A	N/A	N/A	N/A
Income Tax	N/A	$1.1M-50.5%	$2.3M+139.9%	$944K+186.9%	$329K-46.5%	$615K-74.8%	$2.4M	$1.1M-9.9%	$1.2M-94.9%	$24.6M+2915.7%	$815K
Net Income	$110.7M	$135.5M+14.6%	$118.2M+7.4%	$110.0M+60.1%	$68.7M+61.0%	$42.7M-16.1%	$50.9M	N/A	N/A	N/A	N/A
EPS (Basic)	N/A	$1.98+34.7%	$1.47-28.3%	$2.05-10.5%	$2.29+22.5%	$1.87+12.7%	$1.66	N/A	N/A	N/A	N/A
EPS (Diluted)	$1.81	$1.90+29.3%	$1.47-28.3%	$2.05	$2.29+22.5%	$1.87+12.7%	$1.66	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	66M+28.6%	51M+25.7%	41M	30M+31.4%	23M+19.8%	19M	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
SG&A Expenses	$2.0M+18.9%	N/A	$1.7M+3.7%	$1.7M+12.4%	$1.7M+5.3%	N/A	$1.6M+26.3%	$1.5M+11.7%
Interest Expense	$18.5M+21.2%	N/A	$18.1M+22.7%	$16.0M+27.3%	$15.3M+22.6%	N/A	$14.7M+28.3%	$12.6M+20.1%
Income Tax	-$711K-185.9%	N/A	-$2.4M-741.4%	$2.0M+276.6%	$828K-65.9%	N/A	$367K-59.5%	-$1.2M-47.0%
Net Income	$24.7M-8.4%	$27.5M+56.5%	$32.9M+102.2%	$25.6M+12.9%	$27.0M+92.4%	$17.6M+30.4%	$16.3M-30.7%	$22.7M+0.3%
EPS (Basic)	$0.40-20.0%	$0.46-14.8%	$0.57+67.6%	$0.46-4.2%	$0.50+61.3%	$0.54-19.4%	$0.34-51.4%	$0.48-30.4%
EPS (Diluted)	$0.39-18.7%	$0.44+25.7%	$0.54+58.8%	$0.44-8.3%	$0.48+54.8%	$0.35	$0.34-51.4%	$0.48-30.4%
Diluted Shares (Avg)	71M+12.3%	N/A	67M+23.5%	65M+37.2%	63M+37.5%	N/A	54M+30.4%	47M+19.0%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

CSWC Balance Sheet

CSWC quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$2.2B+15.7%	$1.9B+20.9%	$1.6B+23.8%	$1.3B+29.1%	$974.0M	N/A	$667.7M+5.5%	$633.0M+16.5%	$543.2M	N/A
Cash & Equivalents	$29.0M-32.8%	$43.2M+33.9%	$32.3M+49.5%	$21.6M+88.8%	$11.4M-63.8%	$31.6M	$81.8M+26.0%	$64.9M+42.6%	$45.5M+1011.4%	$4.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.2B+16.7%	$999.2M+24.7%	$801.1M+20.1%	$667.3M+20.6%	$553.1M	N/A	$7.9M+84.3%	$4.3M+7.6%	$4.0M	N/A
Long-Term Debt	$1.1B+18.3%	$956.1M+24.0%	$770.9M+20.9%	$637.6M+20.6%	$528.6M	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B+14.4%	$883.6M+16.9%	$755.7M+28.0%	$590.4M+40.3%	$420.9M+25.2%	$336.3M	$667.7M+5.5%	$633.0M+17.4%	$539.2M	N/A
Retained Earnings	-$79.0M+10.9%	-$88.7M-68.9%	-$52.5M-25.5%	-$41.8M-308.0%	-$10.3M	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Total Assets	$2.3B+23.0%	$2.2B+15.7%	$2.1B+18.3%	$2.0B+26.0%	$1.9B+21.9%	$1.9B+20.9%	$1.8B+25.2%	$1.6B+13.2%
Cash & Equivalents	$58.5M+24.7%	$29.0M-32.8%	$42.6M+18.2%	$87.4M+85.1%	$46.9M+40.8%	$43.2M+33.9%	$36.0M+52.6%	$47.2M+105.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.3B+30.1%	$1.2B+16.7%	$1.1B+16.9%	$1.1B+32.1%	$965.9M+26.0%	$999.2M+24.7%	$958.6M+35.3%	$813.2M+7.1%
Long-Term Debt	$1.2B+31.9%	$1.1B+18.3%	$1.1B+16.5%	$1.0B+31.8%	$926.0M+25.9%	$956.1M+24.0%	$920.2M+35.8%	$785.0M+7.1%
Total Equity	$1.1B+15.5%	$1.0B+14.4%	$995.6M+19.9%	$947.0M+19.7%	$916.5M+17.9%	$883.6M+16.9%	$830.4M+15.2%	$791.3M+20.3%
Retained Earnings	-$93.9M+3.2%	-$79.0M+10.9%	-$76.5M+10.7%	-$107.5M-41.7%	-$97.1M-42.7%	-$88.7M-68.9%	-$85.6M-107.8%	-$75.8M-76.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

CSWC Cash Flow Statement

CSWC quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	-$304.9M	-$193.5M+10.9%	-$217.3M-15.3%	-$188.5M+17.0%	-$227.1M-24.3%	-$182.7M-167.6%	-$68.3M	$94.3M+300.6%	$23.5M-65.5%	$68.2M+1100.5%	-$6.8M
Depreciation & Amortization	N/A	$7.0M+18.9%	$5.9M+36.3%	$4.3M+56.5%	$2.8M+23.3%	$2.2M+13.4%	$2.0M	$30K+20.0%	$25K-7.4%	$27K-18.2%	$33K
Stock-Based Compensation	N/A	$5.0M-28.5%	$7.0M+54.1%	$4.5M+21.9%	$3.7M+3.3%	$3.6M+21.8%	$2.9M	N/A	$1.1M+9.7%	$957K+41.8%	$675K
Capital Expenditures	$145K	$286K-82.8%	$1.7M+12715.4%	$13K-95.4%	$281K-85.9%	$2.0M	$0	N/A	N/A	N/A	N/A
Free Cash Flow	-$305.0M	-$193.8M+11.5%	-$218.9M-16.1%	-$188.5M+17.1%	-$227.4M-23.1%	-$184.7M-170.6%	-$68.3M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$145K	-$286K+82.8%	-$1.7M-12715.4%	-$13K+95.4%	-$281K+85.9%	-$2.0M	$0	N/A	N/A	N/A	N/A
Financing Cash Flow	$315.3M	$178.4M-23.0%	$231.5M+16.2%	$199.2M-16.1%	$237.5M+44.4%	$164.5M+91.0%	$86.1M	-$77.5M-1765.4%	-$4.2M+84.5%	-$26.8M-604.5%	-$3.8M
Dividends Paid	$151.4M	$147.2M+17.5%	$125.3M+21.7%	$102.9M+44.8%	$71.1M+21.3%	$58.6M+46.8%	$39.9M	$77.3M	$0	$0	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	-$80.9M-365.2%	-$59.1M-0.7%	-$93.6M+43.5%	-$71.2M-198.9%	$30.5M-2.0%	-$58.7M+42.5%	-$165.8M-1020.5%	-$23.8M+51.2%
Depreciation & Amortization	$1.8M+6.8%	$1.8M+5.3%	$1.8M+11.3%	$1.8M+32.8%	$1.7M+31.7%	$1.7M+42.2%	$1.6M+34.4%	$1.3M+13.5%
Stock-Based Compensation	$1.4M+26.7%	N/A	$1.3M-16.5%	$1.3M-17.4%	$1.1M-6.6%	N/A	$1.5M+30.0%	$1.5M+24.4%
Capital Expenditures	$0-100.0%	$49K-87.6%	$15K-98.0%	$81K-83.7%	$141K+464.0%	$396K+3860.0%	$748K+74700.0%	$497K
Free Cash Flow	-$80.9M-366.4%	-$59.2M-0.1%	-$93.6M+43.8%	-$71.3M-193.1%	$30.4M-2.4%	-$59.1M+42.1%	-$166.6M-1024.7%	-$24.3M+50.1%
Investing Cash Flow	$0+100.0%	-$49K+87.6%	-$15K+98.0%	-$81K+83.7%	-$141K-464.0%	-$396K-3860.0%	-$748K-74700.0%	-$497K
Financing Cash Flow	$110.3M+513.3%	$44.4M-34.7%	$48.8M-68.6%	$111.8M+192.3%	-$26.7M+11.3%	$68.0M-38.6%	$155.3M+991.4%	$38.3M-24.3%
Dividends Paid	$39.6M+12.2%	$38.5M+14.2%	$37.3M+18.3%	$36.0M+18.0%	$35.3M+19.8%	$33.7M+18.7%	$31.5M+17.2%	$30.5M+23.0%

Not reported in any period shown, so not listed: Share Buybacks.

CSWC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSWC quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Return on Equity	13.4%0.0pp	13.4%-1.2pp	14.6%+2.9pp	11.6%+1.5pp	10.1%-5.0pp	15.1%	N/A	N/A	N/A	N/A
Return on Assets	6.2%-0.1pp	6.3%-0.8pp	7.1%+1.6pp	5.5%+1.1pp	4.4%	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.120.0x	1.08+0.1x	1.02-0.1x	1.08-0.2x	1.26	N/A	0.010.0x	0.010.0x	0.01	N/A
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	0.020.0x	0.010.0x	0.01	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Return on Equity	2.3%-0.6pp	2.7%+0.7pp	3.3%+1.3pp	2.7%-0.2pp	2.9%+1.1pp	2.0%+0.2pp	2.0%-1.3pp	2.9%-0.6pp
Return on Assets	1.1%-0.4pp	1.3%+0.3pp	1.6%+0.6pp	1.3%-0.1pp	1.4%+0.5pp	0.9%+0.1pp	0.9%-0.7pp	1.4%-0.2pp
Debt-to-Equity	1.15+0.1x	1.120.0x	1.080.0x	1.09+0.1x	1.01+0.1x	1.08+0.1x	1.11+0.2x	0.99-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Capital Southwest Corp CSWC	FY2026	N/A	$135.5M	N/A	$1.5B	—
Goldman Sachs BDC, Inc. GSBD	FY2025	N/A	$119.3M	N/A	$1.0B	—
Oaktree Specialty Lending Corporation OCSL	FY2025	N/A	$33.9M	N/A	$1.0B	—
P10, Inc. PX	FY2025	$297.3M	$19.5M	6.6%	$1.2B	41/100

Where Capital Southwest Corp Ranks

Frequently Asked Questions

Is Capital Southwest Corp profitable?

Yes, Capital Southwest Corp (CSWC) reported a net income of $135.5M in fiscal year 2026.

How much debt does Capital Southwest Corp have?

As of fiscal year 2026, Capital Southwest Corp (CSWC) had $29.0M in cash and equivalents against $1.1B in long-term debt.

Does Capital Southwest Corp pay dividends?

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

What is Capital Southwest Corp's return on equity (ROE)?

Capital Southwest Corp (CSWC) has a return on equity of 13.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Capital Southwest Corp's free cash flow?

Capital Southwest Corp (CSWC) recorded an outflow of $193.8M in free cash flow during fiscal year 2026. This represents a 11.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Capital Southwest Corp's operating cash flow?

Capital Southwest Corp (CSWC) recorded an outflow of $193.5M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are Capital Southwest Corp's total assets?

Capital Southwest Corp (CSWC) had $2.2B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Capital Southwest Corp's capital expenditures?

Capital Southwest Corp (CSWC) invested $286K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Capital Southwest Corp have outstanding?

Capital Southwest Corp (CSWC) had 62M shares outstanding as of fiscal year 2026.

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

Capital Southwest Corp (CSWC) had a debt-to-equity ratio of 1.12 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Capital Southwest Corp's return on assets (ROA)?

Capital Southwest Corp (CSWC) had a return on assets of 6.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Capital Southwest Corp's P/E ratio?

Capital Southwest Corp (CSWC) trades at 13.3x earnings, its market capitalization divided by net income of $110.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Capital Southwest Corp's price-to-sales ratio?

Capital Southwest Corp (CSWC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $1.5B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Capital Southwest Corp's Piotroski F-Score?

Capital Southwest Corp (CSWC) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Capital Southwest Corp's earnings high quality?

For every $1 of reported earnings, Capital Southwest Corp (CSWC) used $1.43 of operating cash (-$193.5M OCF vs $135.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.