Main Street Capital (MAIN) Net Margin (2021 - 2026)
Main Street Capital (MAIN) posted Net Margin of 113.52% for Q2 2026, up 195.63% on a QoQ basis from 38.4% in Q1 2026, and up 123.0% year-over-year from 50.91% in Q2 2025.
Analysis
Main Street Capital (MAIN) Net Margin (2021 - 2026) Analysis & Trends
Main Street Capital has reported Net Margin for 6 years, with the latest figure at 113.52% in Q2 2026.
- On a quarterly basis, Net Margin rose 123.0% year-over-year to 113.52% in Q2 2026; TTM through Jun 2026 was 59.63%, a 192.0% increase from a year earlier, with the FY2025 full-year figure at 42.15%, up 500.0% from the prior year.
- Net Margin was 113.52% for Q2 2026 at Main Street Capital, up from 38.4% in the prior quarter.
- The five-year high for Net Margin was 113.52% in Q2 2026, with the low at 143.33% in Q2 2022.
- Average Net Margin over 5 years is 13.26%, with a median of 17.23% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 22648 bps in 2022, then tumbled 885 bps in 2023.
- Over 5 years, Net Margin stood at 33.06% in 2022, then soared by 110 bps to 3.46% in 2023, then surged by 1122 bps to 42.31% in 2024, then increased by 1 bps to 42.77% in 2025, then soared by 165 bps to 113.52% in 2026.
- The last three Net Margin figures came in at 113.52% (Q2 2026), 38.4% (Q1 2026), and 42.77% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 18.88% |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 22.69% |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 13.25% |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 8.83% |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 39.56% |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | - |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | -29.16% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 113.52% |
| Mar 31, 2026 | 38.40% |
| Dec 31, 2025 | 42.77% |
| Sep 30, 2025 | 40.79% |
| Jun 30, 2025 | 112.29% |
| Mar 31, 2025 | 42.79% |
| Dec 31, 2024 | 42.31% |
| Sep 30, 2024 | 31.00% |
| Jun 30, 2024 | 35.62% |
| Mar 31, 2024 | 3.17% |
| Dec 31, 2023 | 3.46% |
| Sep 30, 2023 | -3.08% |
| Jun 30, 2023 | -3.90% |
| Mar 31, 2023 | -46.91% |
| Dec 31, 2022 | -33.06% |
| Sep 30, 2022 | 0.91% |
| Jun 30, 2022 | -143.33% |
| Mar 31, 2022 | -38.07% |
| Dec 31, 2021 | -129.62% |
| Sep 30, 2021 | -225.57% |