What is NEW MOUNTAIN FINANCE CORPORATION's earnings per share (EPS)?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) reported diluted earnings per share of $0.16 for fiscal year 2025. This represents a -84.5% 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.

NEW MOUNTAIN FINANCE CORPORATION (NMFC) Financials

NMFC

FY2025 annual

Revenue Not reported for FY2025

Net Income $16.5M -85.5% YoY

EPS (Diluted) $0.16 -84.5% YoY

Operating Cash Flow $379.0M +802.4% YoY

Market Cap $683.8M as of Sep 11, 2026

Price / Sales n/m no revenue reported

Price / Earnings 41.5x on $16.5M net income, FY2025

Price / Book 0.7x on $1.0B equity, Q2 FY2026

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 Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, 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 NMFC SEC filings page.

This page shows NEW MOUNTAIN FINANCE CORPORATION (NMFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 NMFC FY2025 2026-08-29

Volatile cash generation accompanies a shrinking asset base, while leverage remains broadly stable.

In FY2025, net income fell to $16.5M while operating cash flow surged to $379.0M, reversing FY2024's weak conversion. That gap suggests reported cash generation is being shaped more by balance-sheet movements than by period earnings. Debt declined to $1.67B as assets fell to $2.90B, leaving debt-to-equity near 1.4x; deleveraging therefore occurred alongside contraction rather than a clearly larger capital cushion.

Return measures weakened sharply in FY2025: ROA fell to 0.6% from 3.5% in FY2024. ROE also dropped to 1.4%, indicating that the earnings decline affected returns on both assets and shareholder capital, not just the income statement.

Operating cash flow has been unusually uneven, moving from $333M in FY2023 to $42.0M in FY2024 before rebounding. In FY2025, a financing outflow of $379M nearly matched cash from operations, while dividends and buybacks totaled $188M, showing that cash generation was largely absorbed by financing activity rather than retained.

Financial Health Signals

Financial health score not available

NEW MOUNTAIN FINANCE CORPORATION 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

4/6

NEW MOUNTAIN FINANCE CORPORATION passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

N/A

NEW MOUNTAIN FINANCE CORPORATION reported $16.5M of net income while generating $379.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Key Financial Metrics

Export CSV

Earnings & Revenue

Net Income

$17.3M

YoY+122.0%

QoQ+133.9%

NEW MOUNTAIN FINANCE CORPORATION reported $17.3M in net income in Q2 2026. This represents an increase of 122.0% from the same quarter a year earlier. Against the prior quarter it is up 133.9%.

EPS (Diluted)

$0.18

YoY+157.1%

QoQ+135.3%

NEW MOUNTAIN FINANCE CORPORATION earned $0.18 per diluted share (EPS) in Q2 2026. This represents an increase of 157.1% from the same quarter a year earlier. Against the prior quarter it is up 135.3%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$64.8M

YoY+12.9%

QoQ+26.7%

NEW MOUNTAIN FINANCE CORPORATION held $64.8M in cash against $1.3B in long-term debt as of Q2 2026.

Dividends Per Share

$0.25

YoY-21.9%

QoQ-21.9%

NEW MOUNTAIN FINANCE CORPORATION paid $0.25 per share in dividends in Q2 2026. This represents a decrease of 21.9% from the same quarter a year earlier. Against the prior quarter it is down 21.9%.

Shares Outstanding

94M

YoY-11.2%

QoQ0.0%

NEW MOUNTAIN FINANCE CORPORATION had 94M shares outstanding in Q2 2026. This represents a decrease of 11.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Return on Equity

1.7%

YoY+1.1pp

QoQ+6.6pp

NEW MOUNTAIN FINANCE CORPORATION's ROE was 1.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$9.0M

YoY-7.0%

QoQ-84.2%

NEW MOUNTAIN FINANCE CORPORATION spent $9.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 7.0% from the same quarter a year earlier. Against the prior quarter it is down 84.2%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

NMFC 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.

NMFC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Interest Expense	N/A	$123.7M-9.5%	$136.6M+9.5%	$124.8M+35.0%	$92.4M+26.4%	$73.1M-6.3%	$78.0M
Income Tax	N/A	$430K-81.9%	$2.4M+34.8%	$1.8M-81.1%	$9.3M+3908.2%	$232K+123.4%	-$991K
Net Income	N/A	$16.5M-85.5%	$113.4M-16.2%	$135.3M+81.1%	$74.7M-62.9%	$201.4M+244.4%	$58.5M
EPS (Basic)	N/A	$0.16-84.9%	$1.06-20.9%	$1.34+78.7%	$0.75-63.9%	$2.08+246.7%	$0.60
EPS (Diluted)	-$0.46	$0.16-84.5%	$1.03-16.9%	$1.24+67.6%	$0.74-61.3%	$1.91+218.3%	$0.60
Diluted Shares (Avg)	N/A	121M-3.5%	125M+1.6%	123M+7.0%	115M+4.7%	110M+0.1%	110M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Interest Expense	$22.5M-27.9%	$27.5M-12.3%	N/A	$31.7M-15.8%	$31.1M-6.0%	$31.4M+1.2%	N/A	$37.7M+19.8%
Income Tax	-$40K-237.9%	-$83K-2866.7%	N/A	$54K-95.3%	$29K-92.0%	$3K-99.5%	N/A	$1.2M+225.8%
Net Income	$17.3M+122.0%	-$50.9M-317.5%	N/A	$12.2M-49.0%	$7.8M-77.4%	$23.4M-14.6%	N/A	$23.9M-16.8%
EPS (Basic)	$0.18+157.1%	-$0.51-331.8%	-$0.24-196.0%	$0.11-50.0%	$0.07-78.1%	$0.22-15.4%	$0.25-7.4%	$0.22-21.4%
EPS (Diluted)	$0.18+157.1%	-$0.51-331.8%	-$0.24-196.0%	$0.11-50.0%	$0.07-77.4%	$0.22-15.4%	$0.25-3.8%	$0.22-18.5%
Diluted Shares (Avg)	95M-25.4%	100M-20.8%	N/A	125M-1.4%	127M+0.8%	127M+3.6%	N/A	127M+2.9%

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

NMFC Balance Sheet

NMFC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$2.9B-10.6%	$3.2B+2.8%	$3.2B-5.8%	$3.4B+1.8%	$3.3B	N/A
Cash & Equivalents	$80.7M+0.5%	$80.3M+14.6%	$70.1M-1.5%	$71.2M+22.6%	$58.1M-26.5%	$79.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.7B-9.2%	$1.9B+3.3%	$1.8B-9.9%	$2.0B+3.9%	$2.0B	N/A
Long-Term Debt	$1.7B-9.0%	$1.8B+2.9%	$1.8B-9.9%	$2.0B+3.9%	$1.9B	N/A
Total Equity	$1.2B-12.6%	$1.4B+2.5%	$1.3B+0.4%	$1.3B-0.5%	$1.3B+6.8%	$1.2B
Retained Earnings	-$121.7M-795.2%	-$13.6M-10.1%	-$12.3M-264.2%	$7.5M-84.2%	$47.5M+197.3%	-$48.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.4B-23.6%	$2.4B-24.1%	$2.9B-10.6%	$3.1B-9.5%	$3.2B-7.7%	$3.2B-1.8%	$3.2B+2.8%	$3.4B+4.1%
Cash & Equivalents	$64.8M+12.9%	$51.1M-40.2%	$80.7M+0.5%	$63.7M+2.8%	$57.4M-52.0%	$85.5M-20.4%	$80.3M+14.6%	$61.9M-25.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.4B-25.3%	$1.4B-25.5%	$1.7B-9.2%	$1.8B-10.8%	$1.8B-9.3%	$1.8B-2.0%	$1.9B+3.3%	$2.0B+5.3%
Long-Term Debt	$1.3B-23.8%	$1.3B-25.6%	$1.7B-9.0%	$1.8B-11.4%	$1.8B-8.7%	$1.8B+2.1%	$1.8B+2.9%	$2.0B+5.5%
Total Equity	$1.0B-21.3%	$1.0B-22.3%	$1.2B-12.6%	$1.3B-7.7%	$1.3B-5.0%	$1.3B-1.1%	$1.4B+2.5%	$1.4B+2.7%
Retained Earnings	-$210.1M-308.6%	-$203.8M-725.2%	-$121.7M-795.2%	-$73.0M-91.3%	-$51.4M-102.4%	-$24.7M-6.4%	-$13.6M-10.1%	-$38.2M-427.7%

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

NMFC Cash Flow Statement

NMFC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	$660.6M	$379.0M+802.4%	$42.0M-87.4%	$332.7M+850.5%	$35.0M+258.7%	-$22.1M-107.3%	$301.1M
Financing Cash Flow	-$653.0M	-$378.7M-1107.7%	-$31.4M+90.6%	-$333.9M-1452.8%	-$21.5M-1891.8%	$1.2M+100.4%	-$270.7M
Dividends Paid	$121.4M	$135.7M-7.8%	$147.2M-2.4%	$150.7M+24.3%	$121.3M+6.2%	$114.2M-4.9%	$120.1M
Share Buybacks	$107.9M	$52.0M	$0	$0	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$24.4M-39.5%	$401.4M+286.3%	$161.6M-17.2%	$73.1M+218.8%	$40.3M+125.2%	$103.9M+52.2%	$195.2M+55.3%	-$61.6M-170.7%
Financing Cash Flow	-$10.7M+84.4%	-$431.0M-337.1%	-$144.5M+18.0%	-$66.8M-1759.9%	-$68.8M-140.1%	-$98.6M-220.1%	-$176.3M-26.9%	$4.0M+108.1%
Dividends Paid	$23.6M-31.6%	$31.1M-9.7%	$32.9M-7.7%	$33.8M-7.8%	$34.5M-5.9%	$34.5M-9.8%	$35.6M-23.9%	$36.7M+0.9%
Share Buybacks	$9.0M-7.0%	$56.6M	$14.7M	$27.6M	$9.6M	$0	$0	$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.

NMFC 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.

NMFC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Return on Equity	1.4%-7.0pp	8.4%-1.9pp	10.3%+4.6pp	5.7%-9.6pp	15.2%+10.5pp	4.7%
Return on Assets	0.6%-2.9pp	3.5%-0.8pp	4.3%+2.0pp	2.2%-3.9pp	6.1%	N/A
Debt-to-Equity	1.41+0.1x	1.360.0x	1.35-0.2x	1.51+0.1x	1.44	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	1.7%+1.1pp	-4.9%-6.6pp	N/A	1.0%-0.8pp	0.6%-1.9pp	1.7%-0.3pp	N/A	1.8%-0.4pp
Return on Assets	0.7%+0.5pp	-2.1%-2.8pp	N/A	0.4%-0.3pp	0.3%-0.8pp	0.7%-0.1pp	N/A	0.7%-0.2pp
Debt-to-Equity	1.310.0x	1.27-0.1x	1.41+0.1x	1.40-0.1x	1.35-0.1x	1.330.0x	1.360.0x	1.460.0x

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
NEW MOUNTAIN FINANCE CORPORATION NMFC	FY2025	N/A	$16.5M	N/A	$683.8M	—
Kayne Anderson BDC, Inc. KBDC	FY2025	N/A	$93.7M	N/A	$855.9M	—
MidCap Financial Investment Corporation MFIC	FY2025	N/A	$63.2M	N/A	$745.5M	—
PennantPark Floating Rate Capital Ltd. PFLT	FY2025	N/A	$66.4M	N/A	$702.5M	—

Where NEW MOUNTAIN FINANCE CORPORATION Ranks

Frequently Asked Questions

Is NEW MOUNTAIN FINANCE CORPORATION profitable?

Yes, NEW MOUNTAIN FINANCE CORPORATION (NMFC) reported a net income of $16.5M in fiscal year 2025.

How much debt does NEW MOUNTAIN FINANCE CORPORATION have?

As of fiscal year 2025, NEW MOUNTAIN FINANCE CORPORATION (NMFC) had $80.7M in cash and equivalents against $1.7B in long-term debt.

Does NEW MOUNTAIN FINANCE CORPORATION pay dividends?

Yes, NEW MOUNTAIN FINANCE CORPORATION (NMFC) paid $1.28 per share in dividends during fiscal year 2025.

What is NEW MOUNTAIN FINANCE CORPORATION's return on equity (ROE)?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) has a return on equity of 1.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is NEW MOUNTAIN FINANCE CORPORATION's operating cash flow?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) generated $379.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are NEW MOUNTAIN FINANCE CORPORATION's total assets?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does NEW MOUNTAIN FINANCE CORPORATION buy back shares?

Yes, NEW MOUNTAIN FINANCE CORPORATION (NMFC) spent $52.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does NEW MOUNTAIN FINANCE CORPORATION have outstanding?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) had 101M shares outstanding as of fiscal year 2025.

What is NEW MOUNTAIN FINANCE CORPORATION's debt-to-equity ratio?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) had a debt-to-equity ratio of 1.41 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NEW MOUNTAIN FINANCE CORPORATION's return on assets (ROA)?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is NEW MOUNTAIN FINANCE CORPORATION's P/E ratio?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) trades at 41.5x earnings, its market capitalization divided by net income of $16.5M net income, FY2025. The market capitalization is $683.8M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NEW MOUNTAIN FINANCE CORPORATION's price-to-sales ratio?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $683.8M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NEW MOUNTAIN FINANCE CORPORATION's Piotroski F-Score?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) has a Piotroski F-Score of 4 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 NEW MOUNTAIN FINANCE CORPORATION's earnings high quality?

NEW MOUNTAIN FINANCE CORPORATION (NMFC) reported $16.5M of net income while generating $379.0M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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.