Main Street Capital Corporation
Main Street Capital Corporation is a business development company and a small business investment company specializing in direct and indirect investments. In direct investments, the firm specializes in private equity capital to lower middle market companies. The firm specializes in recapitalizations, loan, growth capital, mezzanine debt, corporate carveouts, family estate planning, management buy… Read more
Main Street Capital Corporation (MAIN) - Net Assets
Latest net assets as of December 2025: $2.99 Billion USD
Based on the latest financial reports, Main Street Capital Corporation (MAIN) has net assets worth $2.99 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.71 Billion) and total liabilities ($2.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.99 Billion |
| % of Total Assets | 52.4% |
| Annual Growth Rate | 24.98% |
| 5-Year Change | 67.36% |
| 10-Year Change | 149.18% |
| Growth Volatility | 39.77 |
Main Street Capital Corporation - Net Assets Trend (2006–2025)
This chart illustrates how Main Street Capital Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Main Street Capital Corporation (2006–2025)
The table below shows the annual net assets of Main Street Capital Corporation from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.99 Billion | +7.01% |
| 2024-12-31 | $2.80 Billion | +12.93% |
| 2023-12-31 | $2.48 Billion | +17.49% |
| 2022-12-31 | $2.11 Billion | +17.87% |
| 2021-12-31 | $1.79 Billion | +18.09% |
| 2020-12-31 | $1.51 Billion | -1.41% |
| 2019-12-31 | $1.54 Billion | +4.09% |
| 2018-12-31 | $1.48 Billion | +6.93% |
| 2017-12-31 | $1.38 Billion | +14.89% |
| 2016-12-31 | $1.20 Billion | +12.19% |
| 2015-12-31 | $1.07 Billion | +13.93% |
| 2014-12-31 | $939.98 Million | +18.60% |
| 2013-12-31 | $792.53 Million | +23.26% |
| 2012-12-31 | $642.98 Million | +56.37% |
| 2011-12-31 | $411.19 Million | +64.49% |
| 2010-12-31 | $249.98 Million | +92.80% |
| 2009-12-31 | $129.66 Million | +15.40% |
| 2008-12-31 | $112.36 Million | -2.43% |
| 2007-12-31 | $115.15 Million | +166.10% |
| 2006-12-31 | $43.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Main Street Capital Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12448.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $535.34 Million | 17.88% |
| Common Stock | $898.00K | 0.03% |
| Other Components | $2.46 Billion | 82.09% |
| Total Equity | $2.99 Billion | 100.00% |
Main Street Capital Corporation Competitors by Market Cap
The table below lists competitors of Main Street Capital Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
True Corporation Public Company Limited
PINK:TCPFF
|
$4.83 Billion |
|
Hyundai Engineering & Construction
KO:000720
|
$4.83 Billion |
|
Hainan Airlines Co Ltd A
SHG:600221
|
$4.83 Billion |
|
FTI Consulting Inc
NYSE:FCN
|
$4.83 Billion |
|
Eastroc Beverage Group Co Ltd
SHG:605499
|
$4.82 Billion |
|
Vail Resorts Inc
NYSE:MTN
|
$4.82 Billion |
|
Taylor Wimpey plc
PINK:TWODF
|
$4.82 Billion |
|
Canara Bank
NSE:CANBK
|
$4.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Main Street Capital Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,797,838,000 to 2,993,893,000, a change of 196,055,000 (7.0%).
- Net income of 493,398,000 contributed positively to equity growth.
- Dividend payments of 339,278,000 reduced retained earnings.
- Share repurchases of 10,315,000 reduced equity.
- New share issuances of 31,681,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $493.40 Million | +16.48% |
| Dividends Paid | $339.28 Million | -11.33% |
| Share Repurchases | $10.31 Million | -0.34% |
| Share Issuances | $31.68 Million | +1.06% |
| Other Changes | $20.57 Million | +0.69% |
| Total Change | $- | 7.01% |
Book Value vs Market Value Analysis
This analysis compares Main Street Capital Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.99x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $5.07 | $55.75 | x |
| 2007-12-31 | $13.41 | $55.75 | x |
| 2008-12-31 | $12.35 | $55.75 | x |
| 2009-12-31 | $12.91 | $55.75 | x |
| 2010-12-31 | $15.07 | $55.75 | x |
| 2011-12-31 | $17.76 | $55.75 | x |
| 2012-12-31 | $21.77 | $55.75 | x |
| 2013-12-31 | $21.64 | $55.75 | x |
| 2014-12-31 | $21.60 | $55.75 | x |
| 2015-12-31 | $21.82 | $55.75 | x |
| 2016-12-31 | $23.09 | $55.75 | x |
| 2017-12-31 | $24.35 | $55.75 | x |
| 2018-12-31 | $24.53 | $55.75 | x |
| 2019-12-31 | $24.40 | $55.75 | x |
| 2020-12-31 | $23.05 | $55.75 | x |
| 2021-12-31 | $25.94 | $55.75 | x |
| 2022-12-31 | $28.31 | $55.75 | x |
| 2023-12-31 | $30.24 | $55.75 | x |
| 2024-12-31 | $31.59 | $55.75 | x |
| 2025-12-31 | $33.50 | $55.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Main Street Capital Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 76.55%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.91x
- Recent ROE (16.48%) is above the historical average (13.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 36.57% | 84.44% | 0.21x | 2.07x | $11.50 Million |
| 2007 | 2.21% | 24.80% | 0.06x | 1.52x | $-8.97 Million |
| 2008 | 9.73% | 79.66% | 0.08x | 1.52x | $-301.61K |
| 2009 | 9.22% | 98.92% | 0.06x | 1.52x | $-1.01 Million |
| 2010 | 13.79% | 100.67% | 0.07x | 1.83x | $9.30 Million |
| 2011 | 15.52% | 91.42% | 0.09x | 1.82x | $22.40 Million |
| 2012 | 16.24% | 74.28% | 0.14x | 1.61x | $40.09 Million |
| 2013 | 12.22% | 74.32% | 0.10x | 1.72x | $17.60 Million |
| 2014 | 10.72% | 61.74% | 0.10x | 1.80x | $6.75 Million |
| 2015 | 9.75% | 67.75% | 0.08x | 1.75x | $-2.65 Million |
| 2016 | 11.56% | 69.05% | 0.10x | 1.73x | $18.75 Million |
| 2017 | 12.36% | 64.52% | 0.12x | 1.64x | $32.59 Million |
| 2018 | 11.40% | 66.57% | 0.10x | 1.73x | $20.61 Million |
| 2019 | 8.43% | 77.22% | 0.06x | 1.76x | $-24.07 Million |
| 2020 | 1.94% | 13.20% | 0.08x | 1.83x | $-122.09 Million |
| 2021 | 18.49% | 80.44% | 0.11x | 2.06x | $151.88 Million |
| 2022 | 11.46% | 72.96% | 0.08x | 2.01x | $30.75 Million |
| 2023 | 17.29% | 69.96% | 0.14x | 1.79x | $180.71 Million |
| 2024 | 18.16% | 70.11% | 0.14x | 1.83x | $228.30 Million |
| 2025 | 16.48% | 76.55% | 0.11x | 1.91x | $194.01 Million |
Industry Comparison
This section compares Main Street Capital Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Main Street Capital Corporation (MAIN) | $2.99 Billion | 36.57% | 0.91x | $4.83 Billion |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |