Main Street Capital (MAIN) Net Margin (2021 - 2026)
Main Street Capital (MAIN) recorded quarterly Net Margin of 38.4% in Q1 2026, down 10.21% quarter-over-quarter from 42.77% in Q4 2025, and down 439.0% on a YoY basis from 11.33% in Q1 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 38.4% for Q1 2026.
- In Q1 2026, Net Margin fell 439.0% year-over-year to 38.4%; the TTM figure through Mar 2026 stood at 41.07% (up 233.0% YoY), while the FY2025 annual figure was 42.15%, up 89.0% from the prior year.
- Net Margin was 38.4% for Q1 2026 at Main Street Capital, down from 42.77% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 47.89% in Q1 2024 to a low of 554.57% in Q4 2022.
- Historically, Net Margin has averaged 5.52% across 5 years, with a median of 40.79% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 58514 bps in 2022, then surged 59151 bps in 2023.
- A 5-year view of Net Margin shows it stood at 554.57% in 2022, then jumped by 107 bps to 36.93% in 2023, then rose by 4 bps to 38.55% in 2024, then grew by 11 bps to 42.77% in 2025, then fell by 10 bps to 38.4% in 2026.
- The last three Net Margin figures came in at 38.4% (Q1 2026), 42.77% (Q4 2025), and 40.79% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Main Street Capital | 4.62 Bn | 4.62 Bn | - | 38.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.40% |
| Dec 31, 2025 | 42.77% |
| Sep 30, 2025 | 40.79% |
| Jun 30, 2025 | 42.24% |
| Mar 31, 2025 | 42.79% |
| Dec 31, 2024 | 38.55% |
| Sep 30, 2024 | 31.00% |
| Jun 30, 2024 | 42.78% |
| Mar 31, 2024 | 47.89% |
| Dec 31, 2023 | 36.93% |
| Sep 30, 2023 | 44.23% |
| Jun 30, 2023 | 44.91% |
| Mar 31, 2023 | 39.80% |
| Dec 31, 2022 | -554.57% |
| Sep 30, 2022 | 40.32% |
| Jun 30, 2022 | 31.82% |
| Mar 31, 2022 | 43.10% |
| Dec 31, 2021 | 30.56% |
| Sep 30, 2021 | 43.81% |