Main Street Capital (MAIN) Net Margin (2021 - 2026)
Main Street Capital's (MAIN) quarterly Net Margin came in at 32.59% in Q1 2026, down 607.0% year-on-year from 6.43% in Q1 2025, and down 21.3% quarter-over-quarter from 41.4% in Q4 2025.
Main Street Capital (MAIN) Net Margin (2021 - 2026) Analysis & Trends
Main Street Capital's Net Margin history runs 6 years deep, the most recent figure standing at 32.59% for Q1 2026.
- On a quarterly basis, Net Margin fell 607.0% year-over-year to 32.59% in Q1 2026; TTM through Mar 2026 was 38.39%, a 480.0% increase from a year earlier, with the FY2025 full-year figure at 39.68%, up 252.0% from the prior year.
- Net Margin fell to 32.59% in Q1 2026 per MAIN's latest filing, from 41.4% in the prior quarter.
- Across five years, Net Margin topped out at 47.89% in Q1 2024 and bottomed at 29.79% in Q4 2022.
- The 5-year median for Net Margin is 39.45% (2023), against an average of 34.79%.
- Across the five-year window, Net Margin sank 4534 bps in 2022 and surged 6975 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 29.79% in 2022, then surged by 234 bps to 39.96% in 2023, then sank by 43 bps to 22.71% in 2024, then surged by 82 bps to 41.4% in 2025, then fell by 21 bps to 32.59% in 2026.
- Per Business Quant, the three latest MAIN Net Margin figures stand at 32.59% (Q1 2026), 41.4% (Q4 2025), and 40.79% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Main Street Capital | 4.81 Bn | 4.81 Bn | - | 32.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.59% |
| Dec 31, 2025 | 41.40% |
| Sep 30, 2025 | 40.79% |
| Jun 30, 2025 | 38.66% |
| Mar 31, 2025 | 38.65% |
| Dec 31, 2024 | 22.71% |
| Sep 30, 2024 | 37.76% |
| Jun 30, 2024 | 35.62% |
| Mar 31, 2024 | 47.89% |
| Dec 31, 2023 | 39.96% |
| Sep 30, 2023 | 44.23% |
| Jun 30, 2023 | 39.45% |
| Mar 31, 2023 | 39.80% |
| Dec 31, 2022 | -29.79% |
| Sep 30, 2022 | 40.32% |
| Jun 30, 2022 | 42.98% |
| Mar 31, 2022 | 38.32% |
| Dec 31, 2021 | 15.54% |
| Sep 30, 2021 | 29.06% |