Annual Income Statements for Capital Southwest
This table shows Capital Southwest's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Capital Southwest
This table shows Capital Southwest's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
9.46 |
2.95 |
- |
24 |
23 |
23 |
13 |
14 |
23 |
17 |
17 |
Consolidated Net Income / (Loss) |
|
9.46 |
2.95 |
- |
24 |
23 |
23 |
13 |
14 |
23 |
16 |
18 |
Net Income / (Loss) Continuing Operations |
|
14 |
19 |
- |
25 |
27 |
29 |
29 |
29 |
31 |
30 |
28 |
Total Pre-Tax Income |
|
15 |
19 |
- |
25 |
26 |
30 |
30 |
31 |
30 |
31 |
28 |
Total Revenue |
|
27 |
33 |
- |
40 |
43 |
49 |
46 |
51 |
49 |
52 |
52 |
Net Interest Income / (Expense) |
|
24 |
29 |
- |
36 |
39 |
42 |
43 |
46 |
46 |
46 |
49 |
Total Interest Income |
|
24 |
29 |
- |
36 |
39 |
42 |
43 |
46 |
46 |
46 |
49 |
Other Interest Income |
|
24 |
29 |
- |
36 |
39 |
42 |
43 |
46 |
46 |
46 |
49 |
Total Non-Interest Income |
|
3.30 |
3.63 |
- |
3.89 |
2.94 |
6.65 |
3.92 |
5.32 |
2.61 |
5.45 |
3.81 |
Other Service Charges |
|
0.75 |
1.20 |
- |
1.13 |
0.73 |
1.79 |
1.46 |
2.36 |
1.55 |
4.20 |
2.55 |
Other Non-Interest Income |
|
2.55 |
2.42 |
- |
2.76 |
2.57 |
4.87 |
2.10 |
2.96 |
1.06 |
1.63 |
1.26 |
Total Non-Interest Expense |
|
12 |
14 |
- |
15 |
16 |
19 |
17 |
20 |
19 |
21 |
24 |
Salaries and Employee Benefits |
|
4.38 |
5.48 |
- |
4.72 |
4.90 |
6.41 |
4.37 |
6.26 |
5.01 |
5.58 |
7.50 |
Other Operating Expenses |
|
0.81 |
0.67 |
- |
0.96 |
11 |
12 |
-21 |
1.36 |
14 |
16 |
29 |
Income Tax Expense |
|
0.53 |
-0.75 |
- |
0.45 |
-0.78 |
0.91 |
0.37 |
2.43 |
-1.15 |
0.37 |
0.62 |
Other Adjustments to Consolidated Net Income / (Loss) |
|
-4.99 |
-16 |
- |
-0.74 |
-4.21 |
-5.38 |
-16 |
-15 |
-8.48 |
-14 |
-10 |
Basic Earnings per Share |
|
$0.52 |
$0.62 |
- |
$0.65 |
$0.69 |
$0.70 |
$0.66 |
$0.63 |
$0.66 |
$0.63 |
$0.54 |
Weighted Average Basic Shares Outstanding |
|
27.99M |
31.38M |
30.02M |
37.60M |
39.70M |
41.51M |
40.73M |
45.67M |
47.24M |
48.32M |
47.45M |
Weighted Average Diluted Shares Outstanding |
|
27.99M |
31.38M |
30.02M |
37.60M |
39.70M |
41.51M |
40.73M |
45.67M |
47.24M |
54.12M |
51.19M |
Weighted Average Basic & Diluted Shares Outstanding |
|
59.04M |
34.56M |
0.00 |
39.94M |
39.95M |
42.98M |
45.05M |
46.87M |
47.69M |
50.58M |
53.71M |
Annual Cash Flow Statements for Capital Southwest
This table details how cash moves in and out of Capital Southwest's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2021 |
2022 |
2023 |
2024 |
2025 |
Net Change in Cash & Equivalents |
|
18 |
-20 |
10 |
11 |
13 |
Net Cash From Operating Activities |
|
-68 |
-183 |
-227 |
-188 |
-217 |
Net Cash From Continuing Operating Activities |
|
-68 |
-183 |
-227 |
-188 |
-217 |
Net Income / (Loss) Continuing Operations |
|
51 |
43 |
33 |
83 |
71 |
Consolidated Net Income / (Loss) |
|
51 |
43 |
33 |
83 |
71 |
Depreciation Expense |
|
1.97 |
2.23 |
2.75 |
4.30 |
5.87 |
Amortization Expense |
|
-2.35 |
-3.01 |
-3.84 |
-5.16 |
-6.65 |
Non-Cash Adjustments to Reconcile Net Income |
|
-125 |
-222 |
-255 |
-267 |
-282 |
Changes in Operating Assets and Liabilities, net |
|
6.63 |
-2.52 |
-3.88 |
-3.86 |
-4.73 |
Net Cash From Investing Activities |
|
0.00 |
-2.00 |
-0.28 |
-0.01 |
-1.67 |
Net Cash From Continuing Investing Activities |
|
0.00 |
-2.00 |
-0.28 |
-0.01 |
-1.67 |
Purchase of Property, Leasehold Improvements and Equipment |
|
0.00 |
-2.00 |
-0.28 |
-0.01 |
-1.67 |
Net Cash From Financing Activities |
|
86 |
164 |
238 |
199 |
232 |
Net Cash From Continuing Financing Activities |
|
86 |
164 |
238 |
199 |
232 |
Issuance of Debt |
|
370 |
500 |
263 |
407 |
613 |
Issuance of Common Equity |
|
50 |
98 |
203 |
181 |
178 |
Repayment of Debt |
|
-294 |
-374 |
-156 |
-285 |
-432 |
Payment of Dividends |
|
-40 |
-59 |
-71 |
-103 |
-125 |
Other Financing Activities, Net |
|
-0.24 |
-1.41 |
-1.12 |
-1.06 |
-2.71 |
Cash Interest Paid |
|
12 |
18 |
25 |
38 |
47 |
Cash Income Taxes Paid |
|
1.46 |
0.46 |
1.90 |
1.18 |
1.44 |
Quarterly Cash Flow Statements for Capital Southwest
This table details how cash moves in and out of Capital Southwest's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Net Change in Cash & Equivalents |
|
11 |
-8.55 |
-0.10 |
-0.31 |
1.74 |
0.59 |
8.67 |
1.03 |
14 |
-11 |
8.86 |
Net Cash From Operating Activities |
|
-26 |
-98 |
-33 |
-56 |
-49 |
18 |
-102 |
31 |
-24 |
-166 |
-59 |
Net Cash From Continuing Operating Activities |
|
-26 |
-98 |
-33 |
-56 |
-49 |
18 |
-102 |
31 |
-24 |
-166 |
-59 |
Net Income / (Loss) Continuing Operations |
|
9.46 |
2.95 |
18 |
24 |
23 |
23 |
13 |
14 |
23 |
16 |
18 |
Consolidated Net Income / (Loss) |
|
9.46 |
2.95 |
18 |
24 |
23 |
23 |
13 |
14 |
23 |
16 |
18 |
Depreciation Expense |
|
0.68 |
0.67 |
0.75 |
0.78 |
1.16 |
1.19 |
1.18 |
1.28 |
1.32 |
1.60 |
1.67 |
Amortization Expense |
|
-0.96 |
-1.06 |
-0.97 |
-1.17 |
-1.45 |
-1.29 |
-1.25 |
-1.53 |
-1.56 |
-1.64 |
-1.92 |
Non-Cash Adjustments to Reconcile Net Income |
|
-46 |
-88 |
-54 |
-77 |
-67 |
-8.45 |
-115 |
20 |
-38 |
-186 |
-78 |
Changes in Operating Assets and Liabilities, net |
|
11 |
-13 |
2.43 |
-2.31 |
-4.49 |
3.08 |
-0.14 |
-2.53 |
-8.06 |
3.96 |
1.90 |
Net Cash From Investing Activities |
|
- |
-0.00 |
-0.12 |
-0.00 |
- |
-0.00 |
-0.01 |
-0.03 |
-0.50 |
-0.75 |
-0.40 |
Net Cash From Continuing Investing Activities |
|
- |
-0.00 |
-0.12 |
-0.00 |
- |
-0.00 |
-0.01 |
-0.03 |
-0.50 |
-0.75 |
-0.40 |
Purchase of Property, Leasehold Improvements and Equipment |
|
- |
-0.00 |
-0.12 |
-0.00 |
- |
-0.00 |
-0.01 |
-0.03 |
-0.50 |
-0.75 |
-0.40 |
Net Cash From Financing Activities |
|
37 |
90 |
33 |
55 |
51 |
-17 |
111 |
-30 |
38 |
155 |
68 |
Net Cash From Continuing Financing Activities |
|
37 |
90 |
33 |
55 |
51 |
-17 |
111 |
-30 |
38 |
155 |
68 |
Issuance of Debt |
|
40 |
68 |
61 |
150 |
95 |
30 |
132 |
74 |
70 |
375 |
94 |
Issuance of Common Equity |
|
27 |
102 |
29 |
45 |
23 |
66 |
49 |
38 |
20 |
53 |
68 |
Repayment of Debt |
|
-15 |
-61 |
-35 |
-115 |
-42 |
-86 |
-42 |
-110 |
-21 |
-241 |
-59 |
Payment of Dividends |
|
-14 |
-19 |
-21 |
-23 |
-25 |
-27 |
-28 |
-30 |
-31 |
-32 |
-34 |
Other Financing Activities, Net |
|
- |
-0.48 |
0.00 |
-0.93 |
- |
-0.14 |
0.00 |
-1.86 |
- |
- |
-0.85 |
Cash Interest Paid |
|
3.44 |
7.97 |
9.53 |
5.98 |
10 |
9.57 |
12 |
9.27 |
13 |
9.95 |
14 |
Cash Income Taxes Paid |
|
- |
0.08 |
0.42 |
0.07 |
0.25 |
0.06 |
0.80 |
0.12 |
- |
0.07 |
1.26 |
Annual Balance Sheets for Capital Southwest
This table presents Capital Southwest's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
2025 |
Total Assets |
974 |
1,258 |
1,557 |
1,883 |
Cash and Due from Banks |
11 |
22 |
32 |
43 |
Restricted Cash |
- |
- |
0.00 |
1.65 |
Trading Account Securities |
937 |
1,206 |
1,478 |
1,785 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
Deferred Acquisition Cost |
4.04 |
3.72 |
11 |
9.27 |
Other Assets |
22 |
26 |
37 |
43 |
Total Liabilities & Shareholders' Equity |
974 |
1,258 |
1,557 |
1,883 |
Total Liabilities |
553 |
667 |
801 |
999 |
Short-Term Debt |
205 |
235 |
265 |
343 |
Long-Term Debt |
324 |
403 |
506 |
613 |
Other Long-Term Liabilities |
25 |
30 |
30 |
43 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
421 |
1,181 |
756 |
884 |
Total Preferred & Common Equity |
421 |
590 |
756 |
884 |
Total Common Equity |
421 |
1,181 |
756 |
884 |
Common Stock |
455 |
656 |
808 |
972 |
Retained Earnings |
-10 |
-42 |
-53 |
-89 |
Quarterly Balance Sheets for Capital Southwest
This table presents Capital Southwest's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Total Assets |
|
1,113 |
6.37 |
1,337 |
1,417 |
1,429 |
1,544 |
1,604 |
1,789 |
Cash and Due from Banks |
|
30 |
- |
21 |
23 |
24 |
33 |
47 |
36 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Deferred Acquisition Cost |
|
4.04 |
- |
3.44 |
9.63 |
9.66 |
11 |
11 |
9.94 |
Other Assets |
|
1,065 |
6.37 |
27 |
31 |
31 |
32 |
38 |
1,743 |
Total Liabilities & Shareholders' Equity |
|
1,113 |
-3.25 |
1,337 |
1,417 |
1,429 |
1,544 |
1,604 |
1,789 |
Total Liabilities |
|
637 |
-3.25 |
701 |
759 |
709 |
767 |
813 |
959 |
Short-Term Debt |
|
240 |
- |
195 |
250 |
195 |
229 |
278 |
308 |
Long-Term Debt |
|
363 |
-3.25 |
477 |
483 |
483 |
506 |
507 |
612 |
Other Long-Term Liabilities |
|
31 |
0.00 |
29 |
26 |
31 |
31 |
28 |
38 |
Commitments & Contingencies |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
476 |
0.00 |
636 |
658 |
721 |
777 |
791 |
830 |
Total Preferred & Common Equity |
|
476 |
0.00 |
636 |
658 |
721 |
777 |
791 |
830 |
Total Common Equity |
|
476 |
0.00 |
636 |
658 |
721 |
777 |
791 |
830 |
Common Stock |
|
529 |
- |
677 |
701 |
762 |
845 |
867 |
916 |
Retained Earnings |
|
-29 |
- |
-41 |
-43 |
-41 |
-68 |
-76 |
-86 |
Annual Metrics And Ratios for Capital Southwest
This table displays calculated financial ratios and metrics derived from Capital Southwest's official financial filings.
Metric |
|
2021 |
2022 |
2023 |
2024 |
2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
-8.61% |
91.79% |
49.32% |
14.77% |
EBITDA Growth |
|
0.00% |
25.81% |
60.10% |
62.02% |
8.69% |
EBIT Growth |
|
0.00% |
26.68% |
59.76% |
60.70% |
8.56% |
NOPAT Growth |
|
0.00% |
34.51% |
61.29% |
60.10% |
7.43% |
Net Income Growth |
|
0.00% |
-16.28% |
-22.32% |
151.98% |
-15.40% |
EPS Growth |
|
0.00% |
12.65% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Growth |
|
0.00% |
-167.65% |
-24.32% |
17.00% |
-15.26% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
76.86% |
10.20% |
-3.46% |
Invested Capital Growth |
|
0.00% |
0.00% |
29.34% |
24.30% |
20.52% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
5.47% |
3.01% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
6.96% |
-1.22% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
6.75% |
-1.07% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
6.79% |
-1.30% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-5.34% |
6.16% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-57.27% |
16.64% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
88.04% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
5.09% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
EBITDA Margin |
|
49.56% |
68.23% |
56.96% |
61.80% |
58.53% |
EBIT Margin |
|
50.12% |
69.47% |
57.87% |
62.28% |
58.92% |
Profit (Net Income) Margin |
|
74.76% |
68.48% |
27.74% |
46.81% |
34.51% |
Tax Burden Percent |
|
149.16% |
98.58% |
47.93% |
75.16% |
58.57% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
7.16% |
1.42% |
0.48% |
0.85% |
1.88% |
Return on Invested Capital (ROIC) |
|
0.00% |
8.97% |
6.31% |
7.99% |
7.02% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
8.97% |
-6.06% |
1.48% |
1.51% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
11.27% |
-2.18% |
0.63% |
1.59% |
Return on Equity (ROE) |
|
0.00% |
20.24% |
4.13% |
8.61% |
8.61% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-191.03% |
-19.28% |
-13.68% |
-11.58% |
Operating Return on Assets (OROA) |
|
0.00% |
4.44% |
6.19% |
7.88% |
7.00% |
Return on Assets (ROA) |
|
0.00% |
4.37% |
2.97% |
5.93% |
4.10% |
Return on Common Equity (ROCE) |
|
0.00% |
20.24% |
4.13% |
8.61% |
8.61% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
10.12% |
5.61% |
11.04% |
7.98% |
Net Operating Profit after Tax (NOPAT) |
|
32 |
43 |
69 |
110 |
118 |
NOPAT Margin |
|
46.53% |
68.48% |
57.60% |
61.75% |
57.81% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
12.37% |
6.51% |
5.52% |
SG&A Expenses to Revenue |
|
20.30% |
19.97% |
15.26% |
11.45% |
11.91% |
Operating Expenses to Revenue |
|
49.88% |
30.53% |
42.13% |
37.72% |
41.08% |
Earnings before Interest and Taxes (EBIT) |
|
34 |
43 |
69 |
111 |
120 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
34 |
42 |
68 |
110 |
120 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
1.88 |
0.42 |
1.27 |
1.28 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
1.88 |
0.42 |
1.27 |
1.28 |
Price to Revenue (P/Rev) |
|
9.85 |
12.71 |
4.14 |
5.41 |
5.52 |
Price to Earnings (P/E) |
|
13.17 |
18.46 |
14.93 |
11.55 |
16.00 |
Dividend Yield |
|
11.55% |
10.80% |
14.20% |
7.72% |
11.38% |
Earnings Yield |
|
7.59% |
5.42% |
6.70% |
8.66% |
6.25% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
1.38 |
0.90 |
1.11 |
1.11 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
21.02 |
9.31 |
9.55 |
9.98 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
30.81 |
16.34 |
15.46 |
17.05 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
30.26 |
16.08 |
15.34 |
16.94 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
30.70 |
16.16 |
15.47 |
17.26 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
1.26 |
0.54 |
1.02 |
1.08 |
Long-Term Debt to Equity |
|
0.00 |
0.77 |
0.34 |
0.67 |
0.69 |
Financial Leverage |
|
0.00 |
1.26 |
0.36 |
0.42 |
1.05 |
Leverage Ratio |
|
0.00 |
2.31 |
1.39 |
1.45 |
2.10 |
Compound Leverage Factor |
|
0.00 |
2.31 |
1.39 |
1.45 |
2.10 |
Debt to Total Capital |
|
0.00% |
55.67% |
35.07% |
50.50% |
51.97% |
Short-Term Debt to Total Capital |
|
0.00% |
21.59% |
12.92% |
17.36% |
18.64% |
Long-Term Debt to Total Capital |
|
0.00% |
34.08% |
22.14% |
33.14% |
33.32% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
0.00% |
44.33% |
64.93% |
49.50% |
48.03% |
Debt to EBITDA |
|
0.00 |
12.45 |
9.38 |
7.00 |
7.99 |
Net Debt to EBITDA |
|
0.00 |
12.19 |
9.07 |
6.71 |
7.61 |
Long-Term Debt to EBITDA |
|
0.00 |
7.62 |
5.93 |
4.59 |
5.12 |
Debt to NOPAT |
|
0.00 |
12.41 |
9.28 |
7.01 |
8.09 |
Net Debt to NOPAT |
|
0.00 |
12.14 |
8.97 |
6.71 |
7.71 |
Long-Term Debt to NOPAT |
|
0.00 |
7.60 |
5.86 |
4.60 |
5.19 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-907 |
-210 |
-188 |
-195 |
Operating Cash Flow to CapEx |
|
0.00% |
-9,156.64% |
-80,818.51% |
-1,449,969.23% |
-13,040.70% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-45.52 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
-9.17 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
-9.27 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.06 |
0.11 |
0.13 |
0.12 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
949 |
1,228 |
1,527 |
1,840 |
Invested Capital Turnover |
|
0.00 |
0.13 |
0.11 |
0.13 |
0.12 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
949 |
279 |
298 |
313 |
Enterprise Value (EV) |
|
0.00 |
1,308 |
1,110 |
1,702 |
2,040 |
Market Capitalization |
|
670 |
791 |
494 |
963 |
1,129 |
Book Value per Share |
|
$0.00 |
$110.48 |
$34.17 |
$17.58 |
$17.47 |
Tangible Book Value per Share |
|
$0.00 |
$110.48 |
$34.17 |
$17.58 |
$17.47 |
Total Capital |
|
0.00 |
949 |
1,818 |
1,527 |
1,840 |
Total Debt |
|
0.00 |
529 |
638 |
771 |
956 |
Total Long-Term Debt |
|
0.00 |
324 |
403 |
506 |
613 |
Net Debt |
|
0.00 |
517 |
616 |
739 |
911 |
Capital Expenditures (CapEx) |
|
0.00 |
2.00 |
0.28 |
0.01 |
1.67 |
Net Nonoperating Expense (NNE) |
|
-19 |
0.00 |
36 |
27 |
48 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
529 |
47 |
771 |
956 |
Total Depreciation and Amortization (D&A) |
|
-0.38 |
-0.78 |
-1.09 |
-0.86 |
-0.79 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$2.29 |
$2.70 |
$2.46 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
30.02M |
40.73M |
47.45M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$2.29 |
$2.70 |
$0.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
30.02M |
40.73M |
51.19M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
36.72M |
45.05M |
53.71M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
48 |
43 |
69 |
110 |
118 |
Normalized NOPAT Margin |
|
71.01% |
68.48% |
57.60% |
61.75% |
57.81% |
Pre Tax Income Margin |
|
50.12% |
69.47% |
57.87% |
62.28% |
58.92% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
2.17 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
2.14 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
2.07 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
2.04 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
78.50% |
137.61% |
214.86% |
123.43% |
177.56% |
Augmented Payout Ratio |
|
78.50% |
137.61% |
214.86% |
123.43% |
177.56% |
Quarterly Metrics And Ratios for Capital Southwest
This table displays calculated financial ratios and metrics derived from Capital Southwest's official financial filings.
Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
32.04% |
46.86% |
0.00% |
79.04% |
59.62% |
48.22% |
0.00% |
27.24% |
13.86% |
7.02% |
12.87% |
EBITDA Growth |
|
46.33% |
57.41% |
0.00% |
97.94% |
77.82% |
62.17% |
13,535.75% |
26.10% |
13.96% |
3.29% |
-4.98% |
EBIT Growth |
|
49.18% |
57.80% |
0.00% |
97.97% |
76.33% |
59.36% |
0.00% |
25.13% |
13.64% |
3.08% |
-4.38% |
NOPAT Growth |
|
48.51% |
63.25% |
0.00% |
97.43% |
88.27% |
48.57% |
0.00% |
17.52% |
14.60% |
5.05% |
-5.29% |
Net Income Growth |
|
307.59% |
-76.52% |
0.00% |
848.69% |
139.20% |
696.34% |
0.00% |
-41.06% |
0.27% |
-30.73% |
30.38% |
EPS Growth |
|
20.93% |
21.57% |
0.00% |
32.65% |
32.69% |
0.00% |
0.00% |
-3.08% |
-4.35% |
0.00% |
0.00% |
Operating Cash Flow Growth |
|
0.00% |
-177.77% |
23.23% |
20.31% |
-89.44% |
118.36% |
-205.19% |
155.95% |
51.16% |
-1,020.53% |
42.48% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
73.31% |
169.82% |
0.00% |
86.33% |
45.57% |
-4,983.39% |
-6.04% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
28.86% |
0.00% |
24.30% |
15.61% |
13.37% |
0.00% |
20.52% |
Revenue Q/Q Growth |
|
18.88% |
22.27% |
0.00% |
0.00% |
5.99% |
13.53% |
-4.40% |
10.60% |
-5.16% |
6.71% |
0.83% |
EBITDA Q/Q Growth |
|
18.17% |
24.50% |
-101.21% |
11,235.75% |
6.16% |
13.54% |
0.10% |
4.52% |
-4.06% |
2.91% |
-7.91% |
EBIT Q/Q Growth |
|
18.59% |
24.71% |
-100.00% |
0.00% |
5.63% |
12.70% |
0.01% |
5.10% |
-4.07% |
2.23% |
-7.23% |
NOPAT Q/Q Growth |
|
16.13% |
34.48% |
-100.00% |
0.00% |
10.74% |
6.12% |
1.86% |
-1.83% |
7.99% |
-2.72% |
-8.16% |
Net Income Q/Q Growth |
|
276.81% |
-68.82% |
0.00% |
0.00% |
-4.99% |
3.80% |
-42.65% |
4.20% |
61.62% |
-28.28% |
7.95% |
EPS Q/Q Growth |
|
6.12% |
19.23% |
0.00% |
0.00% |
6.15% |
0.00% |
0.00% |
0.00% |
4.76% |
0.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
63.10% |
-280.86% |
65.90% |
-66.29% |
12.29% |
136.92% |
-666.74% |
130.49% |
-176.57% |
-595.83% |
64.58% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
101.23% |
-100.00% |
0.00% |
77.86% |
20.93% |
-863.83% |
34.80% |
11.84% |
-5,620.04% |
83.41% |
Invested Capital Q/Q Growth |
|
0.00% |
-99.41% |
19,181.71% |
6.55% |
6.27% |
0.00% |
0.00% |
-0.90% |
4.20% |
0.00% |
5.09% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
54.82% |
55.82% |
0.00% |
60.97% |
61.07% |
61.08% |
63.95% |
60.43% |
61.13% |
58.95% |
53.84% |
EBIT Margin |
|
55.89% |
57.01% |
0.00% |
61.95% |
61.74% |
61.29% |
64.11% |
60.92% |
61.62% |
59.04% |
54.31% |
Profit (Net Income) Margin |
|
35.29% |
9.00% |
0.00% |
59.00% |
52.89% |
48.35% |
29.01% |
27.33% |
46.57% |
31.30% |
33.51% |
Tax Burden Percent |
|
63.15% |
15.79% |
0.00% |
95.24% |
85.66% |
78.90% |
45.25% |
44.86% |
75.58% |
53.02% |
61.70% |
Interest Burden Percent |
|
100.00% |
100.00% |
0.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
3.57% |
-3.99% |
0.00% |
1.79% |
-2.96% |
3.05% |
1.25% |
7.76% |
-3.83% |
1.20% |
2.19% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
0.00% |
12.75% |
7.88% |
0.00% |
8.19% |
7.53% |
8.41% |
13.23% |
6.45% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
0.00% |
12.53% |
7.20% |
0.00% |
4.29% |
5.43% |
7.30% |
10.17% |
5.26% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
13.24% |
8.48% |
0.00% |
1.81% |
5.41% |
7.64% |
11.27% |
5.54% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
0.00% |
25.99% |
16.37% |
0.00% |
10.00% |
12.94% |
16.06% |
24.50% |
12.00% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
0.00% |
-93.02% |
0.00% |
0.00% |
0.00% |
-13.68% |
-6.38% |
-4.56% |
-186.32% |
-11.58% |
Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
0.00% |
6.35% |
7.47% |
0.00% |
8.12% |
8.00% |
7.96% |
6.55% |
6.46% |
Return on Assets (ROA) |
|
0.00% |
0.00% |
0.00% |
6.05% |
6.40% |
0.00% |
3.67% |
3.59% |
6.01% |
3.47% |
3.98% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
0.00% |
25.99% |
16.37% |
0.00% |
10.00% |
12.94% |
16.06% |
24.50% |
12.00% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
8.55% |
10.27% |
0.00% |
0.00% |
9.47% |
9.31% |
8.00% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
14 |
19 |
0.00 |
25 |
27 |
29 |
29 |
29 |
31 |
30 |
28 |
NOPAT Margin |
|
53.90% |
59.28% |
0.00% |
60.84% |
63.57% |
59.42% |
63.31% |
56.20% |
63.99% |
58.33% |
53.13% |
Net Nonoperating Expense Percent (NNEP) |
|
1.65% |
517.38% |
0.00% |
0.22% |
0.68% |
0.00% |
3.89% |
2.11% |
1.12% |
3.05% |
1.19% |
SG&A Expenses to Revenue |
|
16.35% |
16.74% |
0.00% |
11.70% |
11.45% |
13.19% |
9.41% |
12.20% |
10.29% |
10.73% |
14.31% |
Operating Expenses to Revenue |
|
44.11% |
42.99% |
0.00% |
38.05% |
38.26% |
38.71% |
35.89% |
39.08% |
38.38% |
40.96% |
45.69% |
Earnings before Interest and Taxes (EBIT) |
|
15 |
19 |
0.00 |
25 |
26 |
30 |
30 |
31 |
30 |
31 |
28 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
15 |
18 |
-0.22 |
25 |
26 |
30 |
30 |
31 |
30 |
31 |
28 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.26 |
0.00 |
0.42 |
0.94 |
1.18 |
0.00 |
1.18 |
1.39 |
1.41 |
1.25 |
1.28 |
Price to Tangible Book Value (P/TBV) |
|
1.26 |
0.00 |
0.42 |
0.94 |
1.18 |
0.00 |
1.18 |
1.39 |
1.41 |
1.25 |
1.28 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
4.14 |
4.38 |
5.09 |
5.05 |
5.03 |
5.72 |
5.73 |
5.24 |
5.52 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
14.93 |
11.03 |
11.47 |
9.65 |
10.74 |
14.69 |
15.26 |
15.65 |
16.00 |
Dividend Yield |
|
15.12% |
14.90% |
14.20% |
12.79% |
11.02% |
10.30% |
7.72% |
7.58% |
7.96% |
8.98% |
11.38% |
Earnings Yield |
|
0.00% |
0.00% |
6.70% |
9.06% |
8.72% |
10.36% |
9.31% |
6.81% |
6.55% |
6.39% |
6.25% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.09 |
61.10 |
0.90 |
0.96 |
1.07 |
0.00 |
1.07 |
1.18 |
1.18 |
1.10 |
1.11 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
9.31 |
9.12 |
9.72 |
0.00 |
9.17 |
9.43 |
9.52 |
9.70 |
9.98 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
16.08 |
15.61 |
16.26 |
0.00 |
14.84 |
15.31 |
15.45 |
15.89 |
17.05 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
16.08 |
15.37 |
16.04 |
0.00 |
14.73 |
15.21 |
15.36 |
15.81 |
16.94 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
16.16 |
15.48 |
15.91 |
0.00 |
14.85 |
15.60 |
15.69 |
16.07 |
17.26 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.27 |
0.00 |
0.54 |
1.06 |
1.11 |
0.00 |
1.02 |
0.95 |
0.99 |
1.11 |
1.08 |
Long-Term Debt to Equity |
|
0.76 |
0.00 |
0.34 |
0.75 |
0.73 |
0.00 |
0.67 |
0.65 |
0.64 |
0.74 |
0.69 |
Financial Leverage |
|
1.27 |
0.00 |
0.04 |
1.06 |
1.18 |
0.00 |
0.42 |
1.00 |
1.05 |
1.11 |
1.05 |
Leverage Ratio |
|
2.34 |
0.00 |
1.39 |
2.10 |
2.23 |
0.00 |
1.45 |
2.04 |
2.09 |
2.15 |
2.10 |
Compound Leverage Factor |
|
2.34 |
0.00 |
0.00 |
2.10 |
2.23 |
0.00 |
1.45 |
2.04 |
2.09 |
2.15 |
2.10 |
Debt to Total Capital |
|
55.91% |
100.00% |
35.07% |
51.38% |
52.69% |
0.00% |
50.50% |
48.62% |
49.80% |
52.56% |
51.97% |
Short-Term Debt to Total Capital |
|
22.24% |
0.00% |
12.92% |
14.90% |
17.98% |
0.00% |
17.36% |
15.14% |
17.64% |
17.59% |
18.64% |
Long-Term Debt to Total Capital |
|
33.67% |
100.00% |
22.14% |
36.48% |
34.71% |
0.00% |
33.14% |
33.48% |
32.17% |
34.97% |
33.32% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
44.09% |
0.00% |
64.93% |
48.62% |
47.31% |
0.00% |
49.50% |
51.38% |
50.20% |
47.44% |
48.03% |
Debt to EBITDA |
|
0.00 |
0.00 |
9.24 |
8.39 |
8.00 |
0.00 |
7.00 |
6.31 |
6.53 |
7.60 |
7.99 |
Net Debt to EBITDA |
|
0.00 |
0.00 |
8.92 |
8.12 |
7.75 |
0.00 |
6.71 |
6.03 |
6.14 |
7.30 |
7.61 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
5.83 |
5.96 |
5.27 |
0.00 |
4.59 |
4.35 |
4.22 |
5.05 |
5.12 |
Debt to NOPAT |
|
0.00 |
0.00 |
9.28 |
8.32 |
7.83 |
0.00 |
7.01 |
6.43 |
6.64 |
7.69 |
8.09 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
8.97 |
8.05 |
7.58 |
0.00 |
6.71 |
6.14 |
6.24 |
7.38 |
7.71 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
5.86 |
5.90 |
5.16 |
0.00 |
4.60 |
4.43 |
4.29 |
5.11 |
5.19 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-1,065 |
13 |
0.00 |
-1,284 |
-284 |
35 |
-269 |
-175 |
-155 |
-1,720 |
-285 |
Operating Cash Flow to CapEx |
|
0.00% |
-3,269,666.67% |
-27,419.67% |
-2,781,300.00% |
0.00% |
1,801,400.00% |
-1,020,930.00% |
124,500.00% |
-4,794.97% |
-22,168.98% |
-14,830.30% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.00 |
0.11 |
0.10 |
0.12 |
0.00 |
0.13 |
0.13 |
0.13 |
0.11 |
0.12 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,079 |
6.37 |
1,228 |
1,308 |
1,390 |
0.00 |
1,527 |
1,513 |
1,576 |
1,751 |
1,840 |
Invested Capital Turnover |
|
0.00 |
0.00 |
0.10 |
0.21 |
0.12 |
0.00 |
0.13 |
0.13 |
0.13 |
0.23 |
0.12 |
Increase / (Decrease) in Invested Capital |
|
1,079 |
6.37 |
0.00 |
1,308 |
311 |
-6.37 |
298 |
204 |
186 |
1,751 |
313 |
Enterprise Value (EV) |
|
1,172 |
389 |
1,110 |
1,251 |
1,489 |
0.00 |
1,634 |
1,783 |
1,856 |
1,925 |
2,040 |
Market Capitalization |
|
598 |
392 |
494 |
600 |
779 |
854 |
895 |
1,081 |
1,119 |
1,041 |
1,129 |
Book Value per Share |
|
$17.00 |
$0.00 |
$34.17 |
$17.32 |
$16.47 |
$0.00 |
$18.55 |
$17.25 |
$16.88 |
$17.41 |
$17.47 |
Tangible Book Value per Share |
|
$17.00 |
$0.00 |
$34.17 |
$17.32 |
$16.47 |
$0.00 |
$18.55 |
$17.25 |
$16.88 |
$17.41 |
$17.47 |
Total Capital |
|
1,079 |
-3.25 |
1,818 |
1,308 |
1,390 |
0.00 |
1,527 |
1,513 |
1,576 |
1,751 |
1,840 |
Total Debt |
|
603 |
-3.25 |
638 |
672 |
733 |
0.00 |
771 |
735 |
785 |
920 |
956 |
Total Long-Term Debt |
|
363 |
-3.25 |
403 |
477 |
483 |
0.00 |
506 |
506 |
507 |
612 |
613 |
Net Debt |
|
573 |
-3.25 |
616 |
651 |
710 |
0.00 |
739 |
702 |
738 |
884 |
911 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.12 |
0.00 |
0.00 |
0.00 |
0.01 |
0.03 |
0.50 |
0.75 |
0.40 |
Net Nonoperating Expense (NNE) |
|
4.99 |
16 |
0.00 |
0.74 |
4.57 |
5.38 |
16 |
15 |
8.48 |
14 |
10 |
Net Nonoperating Obligations (NNO) |
|
603 |
6.37 |
47 |
672 |
733 |
0.00 |
771 |
735 |
785 |
920 |
956 |
Total Depreciation and Amortization (D&A) |
|
-0.29 |
-0.39 |
-0.22 |
-0.39 |
-0.29 |
-0.10 |
-0.08 |
-0.25 |
-0.24 |
-0.05 |
-0.25 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.52 |
$0.62 |
$0.00 |
$0.65 |
$0.69 |
$0.70 |
$0.66 |
$0.63 |
$0.66 |
$0.63 |
$0.54 |
Adjusted Weighted Average Basic Shares Outstanding |
|
27.99M |
31.38M |
30.02M |
37.60M |
39.70M |
41.51M |
40.73M |
45.67M |
47.24M |
48.32M |
47.45M |
Adjusted Diluted Earnings per Share |
|
$0.52 |
$0.62 |
$0.00 |
$0.65 |
$0.69 |
$0.70 |
$0.00 |
$0.63 |
$0.66 |
$0.00 |
$0.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
27.99M |
31.38M |
30.02M |
37.60M |
39.70M |
41.51M |
40.73M |
45.67M |
47.24M |
54.12M |
51.19M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
29.52M |
34.56M |
0.00 |
39.94M |
39.95M |
42.98M |
45.05M |
46.87M |
47.69M |
50.58M |
53.71M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
21 |
19 |
0.00 |
34 |
18 |
29 |
29 |
40 |
21 |
30 |
28 |
Normalized NOPAT Margin |
|
77.75% |
56.86% |
0.00% |
84.40% |
43.22% |
59.42% |
63.31% |
78.55% |
43.14% |
58.33% |
53.13% |
Pre Tax Income Margin |
|
55.89% |
57.01% |
0.00% |
61.95% |
61.74% |
61.29% |
64.11% |
60.92% |
61.62% |
59.04% |
54.31% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
142.30% |
130.08% |
108.37% |
123.43% |
148.78% |
156.46% |
180.48% |
177.56% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
142.30% |
130.08% |
108.37% |
123.43% |
148.78% |
156.46% |
180.48% |
177.56% |
Key Financial Trends
Capital Southwest Corporation (NASDAQ: CSWC) has demonstrated overall steady financial performance over the past several quarters and years, with a few notable trends and fluctuations worth highlighting for investors.
Below is an analysis of key points from the latest quarterly income statements, cash flow statements, and balance sheet data alongside historical results:
- Consistent Interest Income Growth: Other Interest Income increased quarterly from about $36.5 million in Q1 2024 to $48.6 million in Q4 2025, reflecting steady growth in core interest-earning activities.
- Strong Net Interest Income: Net Interest Income increased from roughly $36.5 million (Q1 2024) to $48.6 million (Q4 2025), contributing significantly to total revenues around $52.4 million in Q4 2025.
- Increasing Dividends to Common Shareholders: Dividends per common share have risen from $0.50 in Q2 2023 to $0.63 in Q4 2025, indicating management’s confidence in cash flow generation and a shareholder-friendly stance.
- Growth in Total Common Equity: Total common equity rose from $636 million in Q1 2024 to $830 million as of Q3 2025, signaling strengthened capitalization.
- Increasing Cash Balances: Cash and due from banks rose from around $21 million in Q1 2024 to $36 million by Q3 2025, supporting liquidity.
- Volatility in Other Non-Interest Income: Other Non-Interest Income shows fluctuations (e.g., $2.8 million in Q1 2024, $1.3 million in Q4 2025), suggesting variable performance in ancillary income sources.
- Salaries and Employee Benefits Fluctuated: Employee expenses moved between $3.6 million and nearly $7.5 million over various quarters, reflecting possible operational changes or staffing investments.
- Weighting Diluted Shares Outstanding Increased: The diluted shares outstanding increased notably from 23.5 million in Q1 2023 to over 51 million by Q4 2025, which may affect EPS dilution.
- Weakness in Net Realized and Unrealized Capital Gains: Typically, Net Realized & Unrealized Capital Gains were positive or neutral but experienced losses in some quarters (e.g., Q3 2025 saw a small loss of $0.4 million, and several negative adjustments impacted net income), which reduces overall profitability.
- Large Negative Non-Cash Adjustments to Net Income: Non-cash adjustments to reconcile net income to cash flow from operating activities show significant negative values in multiple quarters (e.g., -$78 million in Q4 2025, -$186 million in Q3 2025), leading to large negative cash flow from operations despite positive net income figures.
Summary: Capital Southwest has grown its core interest income and equity base while steadily increasing dividends, reflecting operational strength and shareholder commitment. However, variations in non-interest income and hefty non-cash accounting adjustments create volatility in reported earnings and cash flows. The rising share count also suggests ongoing equity financing causing dilution risk for existing shareholders.
Investors should monitor whether Capital Southwest can stabilize its non-interest income sources and convert net income into stronger operational cash flows while managing dilution from additional equity issuance.
08/09/25 01:00 PMAI Generated. May Contain Errors.