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New Mountain Finance (NMFC) Financials

New Mountain Finance logo
$10.79 +0.19 (+1.79%)
Closing price 04:00 PM Eastern
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$10.79 0.00 (0.00%)
As of 04:04 PM Eastern
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Annual Income Statements for New Mountain Finance

Annual Income Statements for New Mountain Finance

This table shows New Mountain Finance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Income / (Loss) Attributable to Common Shareholders		 113 135 75 201 58
Consolidated Net Income / (Loss)		 115 136 75 207 62
Net Income / (Loss) Continuing Operations		 114 136 74 207 62
Total Pre-Tax Income 		114 136 75 207 62
Total Revenue		 343 352 258 286 139
Net Interest Income / (Expense)		 250 268 181 205 77
Total Interest Income		 250 268 181 278 155
Investment Securities Interest Income		 250 268 181 278 155
Total Interest Expense		 0.00 0.00 0.00 73 78
Total Non-Interest Income		 93 84 78 81 62
Other Service Charges		 11 11 17 19 14
Other Non-Interest Income		 81 73 61 62 48
Total Non-Interest Expense		 228 216 183 79 77
Insurance Policy Acquisition Costs		 36 38 30 30 29
Other Operating Expenses		 191 178 153 49 48
Nonoperating Income / (Expense), net		 -0.61 0.10 -1.12 -0.08 0.00
Income Tax Expense		 0.26 0.42 0.83 0.12 0.02
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.06 0.75 -0.20 5.78 3.36
Basic Earnings per Share		 $1.06 $1.34 $0.75 $2.08 $0.60
Weighted Average Basic Shares Outstanding		 106.57M 101.12M 100.20M 96.95M 96.83M
Diluted Earnings per Share		 $1.03 $1.24 $0.74 $1.91 $0.60
Weighted Average Diluted Shares Outstanding		 125.46M 123.49M 115.43M 110.21M 110.08M
Weighted Average Basic & Diluted Shares Outstanding		 107.85M 102.88M 100.94M - -
Cash Dividends to Common per Share		 $1.37 $1.49 $1.22 $1.20 $1.24

Quarterly Income Statements for New Mountain Finance

This table shows New Mountain Finance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 23 28 24 34 27 27 29 35 45 15 7.71
Consolidated Net Income / (Loss)		 24 28 24 35 28 28 29 35 45 15 7.51
Net Income / (Loss) Continuing Operations		 24 26 25 35 28 28 29 35 45 14 7.68
Total Pre-Tax Income 		23 26 25 35 28 28 28 36 45 15 7.67
Total Revenue		 74 114 86 91 51 112 82 91 68 136 29
Net Interest Income / (Expense)		 50 92 62 68 28 90 62 70 47 120 8.98
Total Interest Income		 50 61 62 68 59 59 62 70 78 56 34
Investment Securities Interest Income		 50 61 62 68 59 59 62 70 78 56 34
Total Interest Expense		 0.00 -31 0.00 0.00 31 -31 0.00 0.00 31 -64 25
Total Non-Interest Income		 24 22 24 23 23 22 20 21 21 16 20
Other Service Charges		 3.20 2.75 2.20 3.85 2.54 3.02 2.23 2.12 3.18 1.70 3.80
Other Non-Interest Income		 21 19 22 19 20 19 18 19 18 15 16
Total Non-Interest Expense		 51 88 61 56 23 84 54 55 23 120 21
Insurance Policy Acquisition Costs		 8.25 8.63 8.82 9.55 9.39 8.56 10 9.98 9.60 6.30 8.20
Other Operating Expenses		 43 79 52 46 13 76 44 45 13 114 13
Nonoperating Income / (Expense), net		 0.15 - - - -0.02 - - - 0.03 - -
Income Tax Expense		 -0.02 -0.09 0.12 0.23 0.00 0.02 -0.63 0.93 0.10 0.83 -0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.10 0.07 0.01 0.31 0.68 0.26 0.00 0.25 0.24 -0.05 -0.19
Basic Earnings per Share		 $0.22 $0.26 $0.22 $0.32 $0.26 $0.27 $0.28 $0.35 $0.44 $0.14 $0.08
Weighted Average Basic Shares Outstanding		 107.85M 106.57M 107.85M 106.89M 103.66M 101.12M 100.95M 100.94M 100.94M 100.20M 100.83M
Diluted Earnings per Share		 $0.22 $0.24 $0.22 $0.31 $0.26 $0.25 $0.27 $0.32 $0.40 $0.16 $0.08
Weighted Average Diluted Shares Outstanding		 126.85M 125.46M 126.78M 125.76M 122.44B 123.49M 123.18M 127.02M 123.59M 115.43M 114.09M
Weighted Average Basic & Diluted Shares Outstanding		 107.85M 107.85M 107.85M 107.85M 106.29M 102.88M 101.44M 100.94M 100.94M 100.94M 100.94M
Cash Dividends to Common per Share		 $0.64 ($0.35) $0.68 $0.68 $0.36 ($0.25) $0.72 $0.70 $0.32 ($0.58) $0.60

Annual Cash Flow Statements for New Mountain Finance

This table details how cash moves in and out of New Mountain Finance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Change in Cash & Equivalents		 11 -1.16 14 -21 30
Net Cash From Operating Activities		 42 333 35 -22 301
Net Cash From Continuing Operating Activities		 44 333 32 -22 301
Net Income / (Loss) Continuing Operations		 115 136 75 207 62
Consolidated Net Income / (Loss)		 115 136 75 207 62
Depreciation Expense		 -16 -10 84 -92 54
Amortization Expense		 6.38 0.19 2.70 -1.28 -5.49
Non-Cash Adjustments to Reconcile Net Income		 -59 228 -129 -121 107
Changes in Operating Assets and Liabilities, net		 -2.48 -21 -0.85 -15 84
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 -31 -334 -22 1.20 -271
Net Cash From Continuing Financing Activities		 -31 -334 -22 1.20 -271
Issuance of Debt		 1,321 738 879 916 303
Issuance of Common Equity		 68 21 40 12 0.00
Repayment of Debt		 -1,271 -941 -810 -813 -453
Payment of Dividends		 -147 -151 -121 -114 -120
Other Financing Activities, Net		 -1.37 -1.10 -9.65 0.37 -0.28
Cash Interest Paid		 127 116 82 62 72
Cash Income Taxes Paid		 0.15 12 0.90 0.07 0.11

Quarterly Cash Flow Statements for New Mountain Finance

This table details how cash moves in and out of New Mountain Finance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 5.32 19 -58 12 37 -13 37 -0.48 -25 22 -
Net Cash From Operating Activities		 104 195 -62 -160 68 126 87 123 -3.50 44 -
Net Cash From Continuing Operating Activities		 104 199 -61 -163 68 126 87 123 -3.49 43 -
Net Income / (Loss) Continuing Operations		 24 28 24 35 28 28 29 35 45 15 -
Consolidated Net Income / (Loss)		 24 28 24 35 28 28 29 35 45 15 -
Amortization Expense		 1.23 3.98 0.20 1.98 0.22 -0.73 0.36 0.57 -0.01 2.13 -
Non-Cash Adjustments to Reconcile Net Income		 57 192 -87 -111 -53 129 51 86 -38 -0.56 -
Changes in Operating Assets and Liabilities, net		 23 -8.48 -32 -58 96 -1.22 -9.82 -5.40 -4.72 9.72 -
Net Cash From Investing Activities		 0.00 - - - 0.00 - - - 0.00 - -
Net Cash From Continuing Investing Activities		 0.00 - - - 0.00 - - - 0.00 - -
Net Cash From Financing Activities		 -99 -176 4.02 172 -31 -139 -50 -124 -21 -22 -
Net Cash From Continuing Financing Activities		 -99 -176 4.02 172 -31 -139 -50 -124 -21 -22 -
Issuance of Debt		 93 47 416 357 501 206 165 120 248 365 -
Issuance of Common Equity		 0.00 -0.00 - 20 48 15 6.63 - 0.00 - -
Repayment of Debt		 -157 -187 -375 -168 -541 -312 -184 -208 -237 -353 -
Payment of Dividends		 -35 -36 -37 -37 -38 -47 -36 -35 -32 -32 -
Other Financing Activities, Net		 -0.17 -0.51 -0.32 -0.23 -0.31 -0.26 -0.34 -0.33 -0.17 -1.44 -
Cash Interest Paid		 27 34 38 30 25 31 25 31 28 19 -
Cash Income Taxes Paid		 -0.39 0.01 -0.00 0.16 -0.01 4.77 0.01 1.09 5.71 0.83 -

Annual Balance Sheets for New Mountain Finance

This table presents New Mountain Finance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Total Assets		 3,247 3,159 3,355 3,296
Cash and Due from Banks		 80 70 71 58
Trading Account Securities		 3,127 3,051 3,238 3,196
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Other Assets		 62 61 46 42
Total Liabilities & Shareholders' Equity		 3,247 3,159 3,355 3,296
Total Liabilities		 1,887 1,827 2,029 1,953
Short-Term Debt		 322 741 853 914
Accrued Interest Payable		 17 20 20 17
Long-Term Debt		 1,539 1,067 1,148 1,013
Other Long-Term Liabilities		 9.40 -0.79 11 8.38
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,359 1,332 1,326 1,343
Total Preferred & Common Equity		 1,353 1,320 1,314 1,321
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 1,353 1,320 1,314 1,321
Common Stock		 1,367 1,332 1,307 1,274
Retained Earnings		 -14 -12 7.52 47
Noncontrolling Interest		 5.95 12 12 21

Quarterly Balance Sheets for New Mountain Finance

This table presents New Mountain Finance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 3,197 3,414 3,424 3,256 3,280 3,297 3,379 3,348
Cash and Due from Banks		 85 62 120 107 83 46 46 49
Trading Account Securities		 3,048 22 14 3,109 3,128 3,217 3,287 3,254
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 60 88 100 61 68 54 46 45
Total Liabilities & Shareholders' Equity		 3,197 3,414 3,424 3,256 3,280 3,297 3,379 3,348
Total Liabilities		 1,848 2,047 2,037 1,886 1,943 1,959 2,040 2,003
Short-Term Debt		 300 466 713 524 951 855 892 947
Accrued Interest Payable		 18 18 23 23 23 19 21 12
Long-Term Debt		 1,507 1,554 1,246 1,247 952 1,069 1,119 1,033
Other Long-Term Liabilities		 24 8.99 55 92 17 17 9.11 10
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,348 1,368 1,387 1,369 1,337 1,338 1,338 1,345
Total Preferred & Common Equity		 1,342 1,361 1,374 1,357 1,325 1,326 1,327 1,332
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,342 1,361 1,374 1,357 1,325 1,326 1,327 1,332
Common Stock		 1,367 1,399 1,400 1,380 1,313 1,307 1,307 1,315
Retained Earnings		 -25 -38 -25 -23 12 19 20 17
Noncontrolling Interest		 5.97 6.28 12 12 12 12 12 13

Annual Metrics And Ratios for New Mountain Finance

This table displays calculated financial ratios and metrics derived from New Mountain Finance's official financial filings.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Growth Metrics		 - - - - -
Revenue Growth		 -2.77% 36.37% -9.78% 105.82% 0.00%
EBITDA Growth		 -16.33% -22.28% 43.00% 3.28% 0.00%
EBIT Growth		 -15.72% 80.32% -63.51% 235.22% 0.00%
NOPAT Growth		 -15.66% 81.78% -63.89% 235.15% 0.00%
Net Income Growth		 -15.86% 82.60% -64.03% 235.05% 0.00%
EPS Growth		 -16.94% 67.57% -61.26% 218.33% 0.00%
Operating Cash Flow Growth		 -87.38% 850.49% 258.71% -107.33% 0.00%
Free Cash Flow Firm Growth		 101.13% -4,115.29% -63.89% 0.00% 0.00%
Invested Capital Growth		 2.57% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 59.16% 24.45% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -10.41% -20.98% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -1.02% 10.42% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 -0.89% 10.78% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.21% 10.27% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 -0.96% 7.83% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 252.72% 32.61% 130.28% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 101.04% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -4.92% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
EBITDA Margin		 30.85% 35.85% 62.90% 39.70% 79.12%
EBIT Margin		 33.56% 38.72% 29.28% 72.41% 44.46%
Profit (Net Income) Margin		 33.43% 38.63% 28.85% 72.34% 44.44%
Tax Burden Percent		 100.14% 99.70% 100.00% 99.95% 99.96%
Interest Burden Percent		 99.47% 100.07% 98.53% 99.96% 100.00%
Effective Tax Rate		 0.23% 0.31% 1.11% 0.06% 0.04%
Return on Invested Capital (ROIC)		 3.61% 8.66% 0.00% 12.68% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.60% 8.67% 0.00% 12.67% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 4.90% 11.78% 0.00% 18.18% 0.00%
Return on Equity (ROE)		 8.51% 20.44% 0.00% 30.86% 0.00%
Cash Return on Invested Capital (CROIC)		 1.07% -191.34% 0.00% -187.32% 0.00%
Operating Return on Assets (OROA)		 3.59% 4.32% 0.00% 6.29% 0.00%
Return on Assets (ROA)		 3.57% 4.31% 0.00% 6.29% 0.00%
Return on Common Equity (ROCE)		 8.45% 20.26% 0.00% 30.37% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 8.46% 10.31% 0.00% 15.68% 0.00%
Net Operating Profit after Tax (NOPAT)		 115 136 75 207 62
NOPAT Margin		 33.48% 38.60% 28.96% 72.37% 44.44%
Net Nonoperating Expense Percent (NNEP)		 0.01% -0.01% 0.00% 0.01% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 66.44% 61.28% 70.72% 27.59% 55.54%
Earnings before Interest and Taxes (EBIT)		 115 136 76 207 62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 106 126 162 114 110
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.90 0.87 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.90 0.87 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.55 3.27 3.84 0.00 0.00
Price to Earnings (P/E)		 10.71 8.52 13.26 0.00 0.00
Dividend Yield		 9.33% 12.14% 12.43% 12.51% 17.06%
Earnings Yield		 9.34% 11.73% 7.54% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.92 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 8.76 8.24 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 28.40 22.99 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 26.11 21.28 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 26.17 21.35 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 71.45 8.72 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 88.12 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 1.37 1.36 0.00 1.44 0.00
Long-Term Debt to Equity		 1.13 0.80 0.00 0.75 0.00
Financial Leverage		 1.36 1.36 0.00 1.44 0.00
Leverage Ratio		 2.38 2.37 0.00 2.45 0.00
Compound Leverage Factor		 2.37 2.37 0.00 2.45 0.00
Debt to Total Capital		 57.79% 57.58% 0.00% 58.94% 0.00%
Short-Term Debt to Total Capital		 10.01% 23.61% 0.00% 27.95% 0.00%
Long-Term Debt to Total Capital		 47.78% 33.98% 0.00% 30.98% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.18% 0.38% 0.00% 0.65% 0.00%
Common Equity to Total Capital		 42.03% 42.04% 0.00% 40.41% 0.00%
Debt to EBITDA		 17.61 14.32 0.00 16.95 0.00
Net Debt to EBITDA		 16.85 13.76 0.00 16.44 0.00
Long-Term Debt to EBITDA		 14.56 8.45 0.00 8.91 0.00
Debt to NOPAT		 16.23 13.30 0.00 9.30 0.00
Net Debt to NOPAT		 15.53 12.78 0.00 9.02 0.00
Long-Term Debt to NOPAT		 13.42 7.84 0.00 4.89 0.00
Noncontrolling Interest Sharing Ratio		 0.66% 0.88% 0.00% 1.59% 0.00%
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 34 -3,004 75 -3,062 0.00
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -41.89 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 -0.30 3.86
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -0.30 3.86
Efficiency Ratios		 - - - - -
Asset Turnover		 0.11 0.11 0.00 0.09 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 3,220 3,140 0.00 3,269 0.00
Invested Capital Turnover		 0.11 0.22 0.00 0.18 0.00
Increase / (Decrease) in Invested Capital		 81 3,140 0.00 3,269 0.00
Enterprise Value (EV)		 3,001 2,903 0.00 0.00 0.00
Market Capitalization		 1,214 1,153 991 0.00 0.00
Book Value per Share		 $12.55 $13.01 $0.00 $13.63 $0.00
Tangible Book Value per Share		 $12.55 $13.01 $0.00 $13.63 $0.00
Total Capital		 3,220 3,140 0.00 3,269 0.00
Total Debt		 1,861 1,808 0.00 1,927 0.00
Total Long-Term Debt		 1,539 1,067 0.00 1,013 0.00
Net Debt		 1,781 1,738 0.00 1,869 0.00
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.18 -0.11 0.28 0.07 0.00
Net Nonoperating Obligations (NNO)		 1,861 1,808 0.00 1,927 0.00
Total Depreciation and Amortization (D&A)		 -9.30 -10 87 -94 48
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $1.06 $1.34 $0.75 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 106.57M 101.12M 100.20M 0.00 0.00
Adjusted Diluted Earnings per Share		 $1.03 $1.24 $0.74 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 125.46M 123.49M 115.43M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 107.85M 102.88M 100.94M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 115 136 75 207 62
Normalized NOPAT Margin		 33.48% 38.60% 28.96% 72.37% 44.44%
Pre Tax Income Margin		 33.38% 38.75% 28.85% 72.38% 44.46%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 2.84 0.79
NOPAT to Interest Expense		 0.00 0.00 0.00 2.84 0.79
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 2.84 0.79
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 2.84 0.79
Payout Ratios		 - - - - -
Dividend Payout Ratio		 128.55% 110.76% 162.74% 55.13% 194.17%
Augmented Payout Ratio		 128.55% 110.76% 162.74% 55.13% 194.17%

Quarterly Metrics And Ratios for New Mountain Finance

This table displays calculated financial ratios and metrics derived from New Mountain Finance's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.97% 2.35% 5.17% 0.36% -25.04% -17.87% 186.58% 151.73% 17.60% 0.00% -33.45%
EBITDA Growth		 0.67% 1,663.81% -43.36% -85.23% -35.11% -105.65% 37.67% -8.22% -17.74% 0.00% 43.74%
EBIT Growth		 -14.18% -3.96% -9.28% -2.75% -37.36% 74.95% 266.14% 138.98% 20.56% 0.00% -66.52%
NOPAT Growth		 -14.11% -5.95% -11.67% -0.84% -37.22% 94.16% 273.68% 131.46% 20.61% 0.00% -66.47%
Net Income Growth		 -16.26% 0.87% -16.74% -0.84% -37.33% 85.48% 281.94% 131.69% 20.96% 0.00% -67.19%
EPS Growth		 -15.38% -4.00% -18.52% -3.13% -35.00% 56.25% 237.50% 100.00% 17.65% 0.00% -63.64%
Operating Cash Flow Growth		 52.19% 55.30% -170.69% -229.52% 2,048.60% 186.59% 23.99% 463.82% 92.24% 141.08% 0.00%
Free Cash Flow Firm Growth		 -96.13% 98.24% -11,812.70% -9,539.83% 107.18% 0.00% 273.68% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.45% 2.57% 0.00% 0.00% -6.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 -34.95% 32.51% -5.20% 79.51% -54.61% 36.16% -9.54% 34.08% -50.27% 375.13% -20.54%
EBITDA Q/Q Growth		 -18.99% 18.21% 295.88% -74.39% 1,404.85% -104.28% 3.24% 12.51% 13.67% 4.28% -31.17%
EBIT Q/Q Growth		 -11.42% 3.50% -27.27% 24.58% 2.42% -2.24% -22.04% -19.75% 186.03% 104.60% -49.12%
NOPAT Q/Q Growth		 -9.66% 2.04% -27.12% 23.76% 2.20% -4.17% -18.18% -21.66% 216.11% 84.43% -49.32%
Net Income Q/Q Growth		 -15.23% 16.10% -31.31% 23.86% 2.12% -4.17% -18.19% -21.72% 202.23% 97.33% -50.37%
EPS Q/Q Growth		 -8.33% 9.09% -29.03% 19.23% 4.00% -7.41% -15.63% -20.00% 150.00% 100.00% -50.00%
Operating Cash Flow Q/Q Growth		 -46.76% 416.96% 61.48% -334.16% -45.67% 44.29% -29.44% 3,622.92% -107.99% -37.57% 307.05%
Free Cash Flow Firm Q/Q Growth		 116.68% 98.37% -31,192.39% -11,880.72% 107.62% -10,943.79% -18.18% -21.66% 0.00% -100.00% 0.00%
Invested Capital Q/Q Growth		 -2.04% -4.92% 7,339.22% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 33.03% 26.52% 29.73% 7.12% 49.90% -1.74% 55.20% 48.37% 57.65% 25.22% 114.91%
EBIT Margin		 31.38% 23.04% 29.50% 38.45% 55.41% 24.55% 34.20% 39.69% 66.30% 11.53% 26.77%
Profit (Net Income) Margin		 31.60% 24.25% 27.68% 38.20% 55.36% 24.61% 34.96% 38.66% 66.22% 10.90% 26.23%
Tax Burden Percent		 100.08% 107.63% 93.82% 99.33% 100.00% 99.94% 102.23% 97.41% 99.81% 98.89% 98.00%
Interest Burden Percent		 100.64% 97.79% 100.00% 100.00% 99.92% 100.27% 100.00% 100.00% 100.06% 95.58% 100.00%
Effective Tax Rate		 -0.08% -0.35% 0.46% 0.67% 0.00% 0.06% -2.23% 2.59% 0.21% 5.54% -0.17%
Return on Invested Capital (ROIC)		 3.34% 2.44% 3.73% 4.82% 5.73% 5.52% 0.00% 0.00% 10.61% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.35% 2.54% 3.59% 4.82% 5.72% 5.52% 0.00% 0.00% 10.61% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 4.41% 3.46% 5.30% 6.81% 8.00% 7.50% 0.00% 0.00% 15.94% 0.00% 0.00%
Return on Equity (ROE)		 7.76% 5.90% 9.03% 11.62% 13.72% 13.02% 0.00% 0.00% 26.54% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 3.07% 1.07% -193.17% -192.88% 10.12% -191.34% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 3.26% 2.46% 1.86% 2.37% 5.60% 2.74% 0.00% 0.00% 5.27% 0.00% 0.00%
Return on Assets (ROA)		 3.28% 2.59% 1.74% 2.35% 5.60% 2.74% 0.00% 0.00% 5.26% 0.00% 0.00%
Return on Common Equity (ROCE)		 7.71% 5.86% 8.99% 11.52% 13.60% 12.90% 0.00% 0.00% 26.31% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 8.19% 0.00% 8.39% 8.67% 8.80% 0.00% 0.00% 0.00% 6.20% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 23 26 25 35 28 28 29 35 45 14 7.68
NOPAT Margin		 31.40% 22.61% 29.36% 38.20% 55.41% 24.61% 34.96% 38.66% 66.16% 10.41% 26.81%
Net Nonoperating Expense Percent (NNEP)		 -0.01% -0.10% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 68.62% 76.96% 70.50% 61.55% 44.59% 75.45% 65.80% 60.31% 33.70% 88.47% 73.23%
Earnings before Interest and Taxes (EBIT)		 23 26 25 35 28 27 28 36 45 16 7.67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 30 26 6.48 25 -1.94 45 44 39 34 33
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.89 0.90 0.92 0.89 0.86 0.87 0.00 0.00 0.73 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.89 0.90 0.92 0.89 0.86 0.87 0.00 0.00 0.73 0.00 0.00
Price to Revenue (P/Rev)		 3.55 3.55 5.84 5.83 3.47 3.27 3.98 4.59 3.63 3.84 0.00
Price to Earnings (P/E)		 10.87 10.71 11.11 10.44 9.85 8.52 9.17 10.33 11.71 13.26 0.00
Dividend Yield		 12.06% 9.33% 9.79% 9.68% 9.72% 12.14% 11.46% 12.08% 12.86% 12.43% 13.85%
Earnings Yield		 9.20% 9.34% 9.00% 9.58% 10.15% 11.73% 10.90% 9.68% 8.54% 7.54% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.93 0.95 0.92 0.90 0.92 0.00 0.00 0.88 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 8.70 8.76 14.96 14.61 8.47 8.24 0.00 0.00 10.99 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 24.61 28.40 27.30 40.87 25.23 22.99 0.00 0.00 19.14 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 26.25 26.11 27.72 25.95 23.74 21.28 0.00 0.00 35.41 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 26.31 26.17 27.82 25.88 23.80 21.35 0.00 0.00 35.77 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 37.56 71.45 0.00 25.43 7.02 8.72 0.00 0.00 38.47 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 30.18 88.12 0.00 0.00 8.65 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.34 1.37 1.48 1.41 1.29 1.36 0.00 0.00 1.50 0.00 1.47
Long-Term Debt to Equity		 1.12 1.13 1.14 0.90 0.91 0.80 0.00 0.00 0.84 0.00 0.77
Financial Leverage		 1.32 1.36 1.48 1.41 1.40 1.36 0.00 0.00 1.50 0.00 1.47
Leverage Ratio		 2.37 2.38 2.50 2.47 2.45 2.37 0.00 0.00 2.52 0.00 2.49
Compound Leverage Factor		 2.39 2.33 2.50 2.47 2.45 2.38 0.00 0.00 2.53 0.00 2.49
Debt to Total Capital		 57.26% 57.79% 59.62% 58.56% 56.40% 57.58% 0.00% 0.00% 60.04% 0.00% 59.55%
Short-Term Debt to Total Capital		 9.50% 10.01% 13.74% 21.32% 16.69% 23.61% 0.00% 0.00% 26.64% 0.00% 28.49%
Long-Term Debt to Total Capital		 47.76% 47.78% 45.88% 37.24% 39.71% 33.98% 0.00% 0.00% 33.40% 0.00% 31.06%
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		 0.19% 0.18% 0.19% 0.37% 0.39% 0.38% 0.00% 0.00% 0.35% 0.00% 0.40%
Common Equity to Total Capital		 42.55% 42.03% 40.19% 41.07% 43.21% 42.04% 0.00% 0.00% 39.61% 0.00% 40.06%
Debt to EBITDA		 15.25 17.61 17.12 25.99 15.73 14.32 0.00 0.00 13.05 0.00 0.00
Net Debt to EBITDA		 14.52 16.85 16.60 24.40 14.78 13.76 0.00 0.00 12.75 0.00 0.00
Long-Term Debt to EBITDA		 12.72 14.56 13.17 16.53 11.08 8.45 0.00 0.00 7.26 0.00 0.00
Debt to NOPAT		 16.29 16.23 17.45 16.46 14.84 13.30 0.00 0.00 24.39 0.00 0.00
Net Debt to NOPAT		 15.52 15.53 16.91 15.45 13.94 12.78 0.00 0.00 23.82 0.00 0.00
Long-Term Debt to NOPAT		 13.59 13.42 13.43 10.47 10.45 7.84 0.00 0.00 13.57 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.67% 0.66% 0.46% 0.89% 0.89% 0.88% 0.00% 0.00% 0.88% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 9.14 -55 -3,361 -3,311 237 -3,112 29 35 -3,304 0.00 -3,317
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 7.65 0.00 0.00 0.00 -107.30 0.00 -134.59
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 2.20 0.00 0.00 0.00 -0.11 0.00 2.85
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 2.20 0.00 0.00 0.00 -0.11 0.00 2.85
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.11 0.06 0.06 0.10 0.11 0.00 0.00 0.08 0.00 0.00
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		 3,154 3,220 3,387 3,346 3,140 3,140 0.00 0.00 3,349 0.00 3,325
Invested Capital Turnover		 0.11 0.11 0.13 0.13 0.10 0.22 0.00 0.00 0.16 0.00 0.00
Increase / (Decrease) in Invested Capital		 14 81 3,387 3,346 -209 3,140 0.00 0.00 3,349 0.00 3,325
Enterprise Value (EV)		 2,916 3,001 3,219 3,082 2,840 2,903 0.00 0.00 2,949 0.00 0.00
Market Capitalization		 1,190 1,214 1,256 1,230 1,164 1,153 1,128 1,053 973 991 0.00
Book Value per Share		 $12.45 $12.55 $12.62 $12.93 $13.19 $13.01 $0.00 $0.00 $13.14 $0.00 $13.21
Tangible Book Value per Share		 $12.45 $12.55 $12.62 $12.93 $13.19 $13.01 $0.00 $0.00 $13.14 $0.00 $13.21
Total Capital		 3,154 3,220 3,387 3,346 3,140 3,140 0.00 0.00 3,349 0.00 3,325
Total Debt		 1,806 1,861 2,019 1,959 1,771 1,808 0.00 0.00 2,011 0.00 1,980
Total Long-Term Debt		 1,507 1,539 1,554 1,246 1,247 1,067 0.00 0.00 1,119 0.00 1,033
Net Debt		 1,721 1,781 1,957 1,840 1,663 1,738 0.00 0.00 1,964 0.00 1,931
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -0.15 -1.88 1.46 0.00 0.02 0.00 0.00 -0.00 -0.04 -0.66 0.17
Net Nonoperating Obligations (NNO)		 1,806 1,861 2,019 1,959 1,771 1,808 0.00 0.00 2,011 0.00 1,980
Total Depreciation and Amortization (D&A)		 1.23 3.98 0.20 -29 -2.79 -29 17 7.88 -5.86 19 25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.22 $0.26 $0.22 $0.32 $0.26 $0.27 $0.28 $0.35 $0.44 $0.14 $0.08
Adjusted Weighted Average Basic Shares Outstanding		 107.85M 106.57M 107.85M 106.89M 103.66M 101.12M 100.95M 100.94M 100.94M 100.20M 100.83M
Adjusted Diluted Earnings per Share		 $0.22 $0.24 $0.22 $0.31 $0.26 $0.25 $0.27 $0.32 $0.40 $0.16 $0.08
Adjusted Weighted Average Diluted Shares Outstanding		 126.85M 125.46M 126.78M 125.76M 122.44B 123.49M 123.18M 127.02M 123.59M 115.43M 114.09M
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		 107.85M 107.85M 107.85M 107.85M 106.29M 102.88M 101.44M 100.94M 100.94M 100.94M 100.94M
Normalized Net Operating Profit after Tax (NOPAT)		 16 18 25 35 28 28 20 35 45 14 5.37
Normalized NOPAT Margin		 21.96% 15.77% 29.36% 38.20% 55.41% 24.61% 23.94% 38.66% 66.16% 10.41% 18.74%
Pre Tax Income Margin		 31.58% 22.53% 29.50% 38.45% 55.36% 24.62% 34.20% 39.69% 66.34% 11.02% 26.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 1.46 0.00 0.31
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 1.45 0.00 0.31
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 1.46 0.00 0.31
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 1.45 0.00 0.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 130.48% 128.55% 138.60% 132.73% 131.28% 110.76% 110.41% 127.37% 152.01% 162.74% 0.00%
Augmented Payout Ratio		 130.48% 128.55% 138.60% 132.73% 131.28% 110.76% 110.41% 127.37% 152.01% 162.74% 0.00%

Frequently Asked Questions About New Mountain Finance's Financials

When does New Mountain Finance's fiscal year end?

According to the most recent income statement we have on file, New Mountain Finance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has New Mountain Finance's net income changed over the last 4 years?

New Mountain Finance's net income appears to be on an upward trend, with a most recent value of $114.50 million in 2024, rising from $61.84 million in 2020. The previous period was $136.09 million in 2023. See New Mountain Finance's forecast for analyst expectations on what’s next for the company.

How has New Mountain Finance revenue changed over the last 4 years?

Over the last 4 years, New Mountain Finance's total revenue changed from $139.14 million in 2020 to $342.51 million in 2024, a change of 146.2%.

How much debt does New Mountain Finance have?

New Mountain Finance's total liabilities were at $1.89 billion at the end of 2024, a 3.3% increase from 2023, and a 3.4% decrease since 2021.

How much cash does New Mountain Finance have?

In the past 3 years, New Mountain Finance's cash and equivalents has ranged from $58.08 million in 2021 to $80.32 million in 2024, and is currently $80.32 million as of their latest financial filing in 2024.

How has New Mountain Finance's book value per share changed over the last 4 years?

Over the last 4 years, New Mountain Finance's book value per share changed from 0.00 in 2020 to 12.55 in 2024, a change of 1,254.8%.


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This page (NASDAQ:NMFC) was last updated on 5/27/2025 by MarketBeat.com Staff
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