New Mountain Finance Corp Financials
This page shows New Mountain Finance Corp (NMFCZ) 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).
Cash generation and accounting profit diverged sharply as a shrinking balance sheet left leverage little improved.
In FY2025, operating cash flow reached$379.0M while net income was only$16.5M , showing reported earnings and operating cash moved in very different directions. Because financing outflows were nearly as large at$378.7M and ROE fell to1.4% , the year looks less like internally funded growth and more like balance-sheet runoff with cash returned outward.
The balance sheet got smaller in FY2025, with total assets down to
In FY2025, dividends paid were
Financial Health Signals
New Mountain Finance 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.
New Mountain Finance Corp 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.
New Mountain Finance Corp 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
Earnings & Revenue
New Mountain Finance Corp reported $16.5M in net income in fiscal year 2025. This represents a decrease of 85.5% from the prior year.
New Mountain Finance Corp earned $0.16 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 84.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
New Mountain Finance Corp held $80.7M in cash against $1.7B in long-term debt as of fiscal year 2025.
New Mountain Finance Corp paid $1.28 per share in dividends in fiscal year 2025. This represents a decrease of 6.6% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
New Mountain Finance Corp's ROE was 1.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
New Mountain Finance Corp spent $52.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
NMFCZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| 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 (Diluted) | — | $0.16-84.5% | $1.03-16.9% | $1.24+67.6% | $0.74-61.3% | $1.91+218.3% | $0.60 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NMFCZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
NMFCZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| 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 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NMFCZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| 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 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
Where New Mountain Finance Corp Ranks
Frequently Asked Questions
Is New Mountain Finance Corp profitable?
Yes, New Mountain Finance Corp (NMFCZ) reported a net income of $16.5M in fiscal year 2025.
How much debt does New Mountain Finance Corp have?
As of fiscal year 2025, New Mountain Finance Corp (NMFCZ) had $80.7M in cash and equivalents against $1.7B in long-term debt.
Does New Mountain Finance Corp pay dividends?
Yes, New Mountain Finance Corp (NMFCZ) paid $1.28 per share in dividends during fiscal year 2025.
What is New Mountain Finance Corp's return on equity (ROE)?
New Mountain Finance Corp (NMFCZ) 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 Corp's operating cash flow?
New Mountain Finance Corp (NMFCZ) generated $379.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are New Mountain Finance Corp's total assets?
New Mountain Finance Corp (NMFCZ) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is New Mountain Finance Corp's debt-to-equity ratio?
New Mountain Finance Corp (NMFCZ) 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 Corp's return on assets (ROA)?
New Mountain Finance Corp (NMFCZ) 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 Corp's Piotroski F-Score?
New Mountain Finance Corp (NMFCZ) 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 Corp's earnings high quality?
New Mountain Finance Corp (NMFCZ) 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.