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.
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
15 |
45 |
35 |
29 |
27 |
27 |
34 |
24 |
28 |
23 |
7.77 |
Consolidated Net Income / (Loss) |
|
15 |
45 |
35 |
29 |
28 |
28 |
35 |
24 |
28 |
24 |
7.88 |
Net Income / (Loss) Continuing Operations |
|
14 |
45 |
35 |
29 |
28 |
27 |
35 |
25 |
26 |
24 |
7.88 |
Total Pre-Tax Income |
|
15 |
45 |
36 |
28 |
28 |
27 |
35 |
25 |
26 |
23 |
7.88 |
Total Revenue |
|
136 |
68 |
91 |
82 |
112 |
82 |
91 |
86 |
114 |
74 |
57 |
Net Interest Income / (Expense) |
|
120 |
47 |
70 |
62 |
90 |
59 |
68 |
62 |
92 |
50 |
36 |
Total Interest Income |
|
56 |
78 |
70 |
62 |
59 |
59 |
68 |
62 |
61 |
50 |
36 |
Investment Securities Interest Income |
|
56 |
78 |
70 |
62 |
59 |
59 |
68 |
62 |
61 |
50 |
36 |
Total Interest Expense |
|
-64 |
31 |
0.00 |
0.00 |
-31 |
0.00 |
0.00 |
0.00 |
-31 |
0.00 |
0.00 |
Total Non-Interest Income |
|
16 |
21 |
21 |
20 |
22 |
23 |
23 |
24 |
22 |
24 |
21 |
Other Service Charges |
|
1.70 |
3.18 |
2.12 |
2.23 |
3.02 |
2.54 |
3.85 |
2.20 |
2.75 |
3.20 |
1.33 |
Other Non-Interest Income |
|
15 |
18 |
19 |
18 |
19 |
20 |
19 |
22 |
19 |
21 |
20 |
Total Non-Interest Expense |
|
120 |
23 |
55 |
54 |
84 |
55 |
56 |
61 |
88 |
51 |
49 |
Insurance Policy Acquisition Costs |
|
6.30 |
9.60 |
9.98 |
10 |
8.56 |
9.39 |
9.55 |
8.82 |
8.63 |
8.25 |
7.97 |
Other Operating Expenses |
|
114 |
13 |
45 |
44 |
76 |
45 |
46 |
52 |
79 |
43 |
41 |
Income Tax Expense |
|
0.83 |
0.10 |
0.93 |
-0.63 |
0.02 |
0.00 |
0.23 |
0.12 |
-0.09 |
-0.02 |
0.01 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.05 |
0.24 |
0.25 |
0.00 |
0.26 |
0.68 |
0.31 |
0.01 |
0.07 |
0.10 |
0.10 |
Basic Earnings per Share |
|
$0.14 |
$0.44 |
$0.35 |
$0.28 |
$0.27 |
$0.26 |
$0.32 |
$0.22 |
$0.26 |
$0.22 |
$0.07 |
Weighted Average Basic Shares Outstanding |
|
100.20M |
100.94M |
100.94M |
100.95M |
101.12M |
103.66M |
106.89M |
107.85M |
106.57M |
107.85M |
107.75M |
Diluted Earnings per Share |
|
$0.16 |
$0.40 |
$0.32 |
$0.27 |
$0.25 |
$0.26 |
$0.31 |
$0.22 |
$0.24 |
$0.22 |
$0.07 |
Weighted Average Diluted Shares Outstanding |
|
115.43M |
123.59M |
127.02M |
123.18M |
123.49M |
122.44M |
125.76M |
126.78M |
125.46M |
126.85M |
126.73M |
Weighted Average Basic & Diluted Shares Outstanding |
|
100.94M |
100.94M |
100.94M |
101.44M |
102.88M |
106.29M |
107.85M |
107.85M |
107.85M |
107.85M |
106.36M |
Cash Dividends to Common per Share |
|
($0.58) |
$0.32 |
$0.70 |
$0.72 |
($0.25) |
$0.72 |
$0.68 |
$0.68 |
($0.35) |
$0.64 |
$0.64 |
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 |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
30 |
-21 |
14 |
-1.16 |
11 |
Net Cash From Operating Activities |
|
301 |
-22 |
35 |
333 |
42 |
Net Cash From Continuing Operating Activities |
|
301 |
-22 |
32 |
333 |
44 |
Net Income / (Loss) Continuing Operations |
|
62 |
207 |
75 |
136 |
115 |
Consolidated Net Income / (Loss) |
|
62 |
207 |
75 |
136 |
115 |
Depreciation Expense |
|
54 |
-92 |
84 |
-10 |
-16 |
Amortization Expense |
|
-5.49 |
-1.28 |
2.70 |
0.19 |
6.38 |
Non-Cash Adjustments to Reconcile Net Income |
|
107 |
-121 |
-129 |
228 |
-59 |
Changes in Operating Assets and Liabilities, net |
|
84 |
-15 |
-0.85 |
-21 |
-2.48 |
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 |
|
-271 |
1.20 |
-22 |
-334 |
-31 |
Net Cash From Continuing Financing Activities |
|
-271 |
1.20 |
-22 |
-334 |
-31 |
Issuance of Debt |
|
303 |
916 |
879 |
738 |
1,321 |
Issuance of Common Equity |
|
0.00 |
12 |
40 |
21 |
68 |
Repayment of Debt |
|
-453 |
-813 |
-810 |
-941 |
-1,271 |
Payment of Dividends |
|
-120 |
-114 |
-121 |
-151 |
-147 |
Other Financing Activities, Net |
|
-0.28 |
0.37 |
-9.65 |
-1.10 |
-1.37 |
Cash Interest Paid |
|
72 |
62 |
82 |
116 |
127 |
Cash Income Taxes Paid |
|
0.11 |
0.07 |
0.90 |
12 |
0.15 |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
22 |
-25 |
-0.48 |
37 |
-13 |
37 |
12 |
-58 |
19 |
5.32 |
-28 |
Net Cash From Operating Activities |
|
44 |
-3.50 |
123 |
87 |
126 |
68 |
-160 |
-62 |
195 |
104 |
40 |
Net Cash From Continuing Operating Activities |
|
43 |
-3.49 |
123 |
87 |
126 |
68 |
-163 |
-61 |
199 |
104 |
41 |
Net Income / (Loss) Continuing Operations |
|
15 |
45 |
35 |
29 |
28 |
28 |
35 |
24 |
28 |
24 |
7.88 |
Consolidated Net Income / (Loss) |
|
15 |
45 |
35 |
29 |
28 |
28 |
35 |
24 |
28 |
24 |
7.88 |
Amortization Expense |
|
2.13 |
-0.01 |
0.57 |
0.36 |
-0.73 |
0.22 |
1.98 |
0.20 |
3.98 |
1.23 |
-1.39 |
Non-Cash Adjustments to Reconcile Net Income |
|
-0.56 |
-38 |
86 |
51 |
129 |
-53 |
-111 |
-87 |
192 |
57 |
38 |
Changes in Operating Assets and Liabilities, net |
|
9.72 |
-4.72 |
-5.40 |
-9.82 |
-1.22 |
96 |
-58 |
-32 |
-8.48 |
23 |
-4.34 |
Net Cash From Financing Activities |
|
-22 |
-21 |
-124 |
-50 |
-139 |
-31 |
172 |
4.02 |
-176 |
-99 |
-69 |
Net Cash From Continuing Financing Activities |
|
-22 |
-21 |
-124 |
-50 |
-139 |
-31 |
172 |
4.02 |
-176 |
-99 |
-69 |
Issuance of Debt |
|
365 |
248 |
120 |
165 |
206 |
501 |
357 |
416 |
47 |
93 |
129 |
Repayment of Debt |
|
-353 |
-237 |
-208 |
-184 |
-312 |
-541 |
-168 |
-375 |
-187 |
-157 |
-153 |
Payment of Dividends |
|
-32 |
-32 |
-35 |
-36 |
-47 |
-38 |
-37 |
-37 |
-36 |
-35 |
-34 |
Other Financing Activities, Net |
|
-1.44 |
-0.17 |
-0.33 |
-0.34 |
-0.26 |
-0.31 |
-0.23 |
-0.32 |
-0.51 |
-0.17 |
-0.09 |
Cash Interest Paid |
|
19 |
28 |
31 |
25 |
31 |
25 |
30 |
38 |
34 |
27 |
30 |
Cash Income Taxes Paid |
|
0.83 |
5.71 |
1.09 |
0.01 |
4.77 |
-0.01 |
0.16 |
-0.00 |
0.01 |
-0.39 |
0.08 |
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 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
3,296 |
3,355 |
3,159 |
3,247 |
Cash and Due from Banks |
58 |
71 |
70 |
80 |
Trading Account Securities |
3,196 |
3,238 |
3,051 |
3,127 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
42 |
46 |
61 |
62 |
Total Liabilities & Shareholders' Equity |
3,296 |
3,355 |
3,159 |
3,247 |
Total Liabilities |
1,953 |
2,029 |
1,827 |
1,887 |
Short-Term Debt |
914 |
853 |
741 |
322 |
Accrued Interest Payable |
17 |
20 |
20 |
17 |
Long-Term Debt |
1,013 |
1,148 |
1,067 |
1,539 |
Other Long-Term Liabilities |
8.38 |
11 |
-0.79 |
9.40 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
1,343 |
1,326 |
1,332 |
1,359 |
Total Preferred & Common Equity |
1,321 |
1,314 |
1,320 |
1,353 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
1,321 |
1,314 |
1,320 |
1,353 |
Common Stock |
1,274 |
1,307 |
1,332 |
1,367 |
Retained Earnings |
47 |
7.52 |
-12 |
-14 |
Treasury Stock |
- |
- |
- |
0.00 |
Noncontrolling Interest |
21 |
12 |
12 |
5.95 |
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 |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
3,348 |
3,379 |
3,297 |
3,280 |
3,256 |
3,424 |
3,414 |
3,197 |
3,160 |
Cash and Due from Banks |
|
49 |
46 |
46 |
83 |
107 |
120 |
62 |
85 |
57 |
Trading Account Securities |
|
3,254 |
3,287 |
3,217 |
3,128 |
3,109 |
14 |
22 |
3,048 |
3,037 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
45 |
46 |
54 |
68 |
61 |
100 |
88 |
60 |
78 |
Total Liabilities & Shareholders' Equity |
|
3,348 |
3,379 |
3,297 |
3,280 |
3,256 |
3,424 |
3,414 |
3,197 |
3,160 |
Total Liabilities |
|
2,003 |
2,040 |
1,959 |
1,943 |
1,886 |
2,037 |
2,047 |
1,848 |
1,848 |
Short-Term Debt |
|
947 |
892 |
855 |
951 |
524 |
713 |
466 |
300 |
277 |
Accrued Interest Payable |
|
12 |
21 |
19 |
23 |
23 |
23 |
18 |
18 |
16 |
Long-Term Debt |
|
1,033 |
1,119 |
1,069 |
952 |
1,247 |
1,246 |
1,554 |
1,507 |
1,511 |
Other Long-Term Liabilities |
|
10 |
9.11 |
17 |
17 |
92 |
55 |
8.99 |
24 |
44 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,345 |
1,338 |
1,338 |
1,337 |
1,369 |
1,387 |
1,368 |
1,348 |
1,312 |
Total Preferred & Common Equity |
|
1,332 |
1,327 |
1,326 |
1,325 |
1,357 |
1,374 |
1,361 |
1,342 |
1,306 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
1,332 |
1,327 |
1,326 |
1,325 |
1,357 |
1,374 |
1,361 |
1,342 |
1,306 |
Common Stock |
|
1,315 |
1,307 |
1,307 |
1,313 |
1,380 |
1,400 |
1,399 |
1,367 |
1,367 |
Retained Earnings |
|
17 |
20 |
19 |
12 |
-23 |
-25 |
-38 |
-25 |
-51 |
Treasury Stock |
|
- |
- |
- |
- |
- |
- |
- |
- |
-9.64 |
Noncontrolling Interest |
|
13 |
12 |
12 |
12 |
12 |
12 |
6.28 |
5.97 |
5.98 |
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 |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
105.82% |
-9.78% |
36.37% |
-2.77% |
EBITDA Growth |
|
0.00% |
3.28% |
43.00% |
-22.28% |
-16.33% |
EBIT Growth |
|
0.00% |
235.22% |
-63.51% |
80.32% |
-15.72% |
NOPAT Growth |
|
0.00% |
235.15% |
-63.89% |
81.78% |
-15.66% |
Net Income Growth |
|
0.00% |
235.05% |
-64.03% |
82.60% |
-15.86% |
EPS Growth |
|
0.00% |
218.33% |
-61.26% |
67.57% |
-16.94% |
Operating Cash Flow Growth |
|
0.00% |
-107.33% |
258.71% |
850.49% |
-87.38% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
-63.89% |
-4,115.29% |
101.13% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
2.57% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
24.45% |
59.16% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-20.98% |
-10.41% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
10.42% |
-1.02% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
10.78% |
-0.89% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
10.27% |
0.21% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
7.83% |
-0.96% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
130.28% |
32.61% |
252.72% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
101.04% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-4.92% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
EBITDA Margin |
|
79.12% |
39.70% |
62.90% |
35.85% |
30.85% |
EBIT Margin |
|
44.46% |
72.41% |
29.28% |
38.72% |
33.56% |
Profit (Net Income) Margin |
|
44.44% |
72.34% |
28.85% |
38.63% |
33.43% |
Tax Burden Percent |
|
99.96% |
99.95% |
100.00% |
99.70% |
100.14% |
Interest Burden Percent |
|
100.00% |
99.96% |
98.53% |
100.07% |
99.47% |
Effective Tax Rate |
|
0.04% |
0.06% |
1.11% |
0.31% |
0.23% |
Return on Invested Capital (ROIC) |
|
0.00% |
12.68% |
0.00% |
8.66% |
3.61% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
12.67% |
0.00% |
8.67% |
3.60% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
18.18% |
0.00% |
11.78% |
4.90% |
Return on Equity (ROE) |
|
0.00% |
30.86% |
0.00% |
20.44% |
8.51% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-187.32% |
0.00% |
-191.34% |
1.07% |
Operating Return on Assets (OROA) |
|
0.00% |
6.29% |
0.00% |
4.32% |
3.59% |
Return on Assets (ROA) |
|
0.00% |
6.29% |
0.00% |
4.31% |
3.57% |
Return on Common Equity (ROCE) |
|
0.00% |
30.37% |
0.00% |
20.26% |
8.45% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
15.68% |
0.00% |
10.31% |
8.46% |
Net Operating Profit after Tax (NOPAT) |
|
62 |
207 |
75 |
136 |
115 |
NOPAT Margin |
|
44.44% |
72.37% |
28.96% |
38.60% |
33.48% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.01% |
0.00% |
-0.01% |
0.01% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
55.54% |
27.59% |
70.72% |
61.28% |
66.44% |
Earnings before Interest and Taxes (EBIT) |
|
62 |
207 |
76 |
136 |
115 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
110 |
114 |
162 |
126 |
106 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.00 |
0.87 |
0.90 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.87 |
0.90 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
3.84 |
3.27 |
3.55 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
13.26 |
8.52 |
10.71 |
Dividend Yield |
|
17.06% |
12.51% |
12.43% |
12.14% |
9.33% |
Earnings Yield |
|
0.00% |
0.00% |
7.54% |
11.73% |
9.34% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.00 |
0.92 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
8.24 |
8.76 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
22.99 |
28.40 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
21.28 |
26.11 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
21.35 |
26.17 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
8.72 |
71.45 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
88.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
1.44 |
0.00 |
1.36 |
1.37 |
Long-Term Debt to Equity |
|
0.00 |
0.75 |
0.00 |
0.80 |
1.13 |
Financial Leverage |
|
0.00 |
1.44 |
0.00 |
1.36 |
1.36 |
Leverage Ratio |
|
0.00 |
2.45 |
0.00 |
2.37 |
2.38 |
Compound Leverage Factor |
|
0.00 |
2.45 |
0.00 |
2.37 |
2.37 |
Debt to Total Capital |
|
0.00% |
58.94% |
0.00% |
57.58% |
57.79% |
Short-Term Debt to Total Capital |
|
0.00% |
27.95% |
0.00% |
23.61% |
10.01% |
Long-Term Debt to Total Capital |
|
0.00% |
30.98% |
0.00% |
33.98% |
47.78% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.65% |
0.00% |
0.38% |
0.18% |
Common Equity to Total Capital |
|
0.00% |
40.41% |
0.00% |
42.04% |
42.03% |
Debt to EBITDA |
|
0.00 |
16.95 |
0.00 |
14.32 |
17.61 |
Net Debt to EBITDA |
|
0.00 |
16.44 |
0.00 |
13.76 |
16.85 |
Long-Term Debt to EBITDA |
|
0.00 |
8.91 |
0.00 |
8.45 |
14.56 |
Debt to NOPAT |
|
0.00 |
9.30 |
0.00 |
13.30 |
16.23 |
Net Debt to NOPAT |
|
0.00 |
9.02 |
0.00 |
12.78 |
15.53 |
Long-Term Debt to NOPAT |
|
0.00 |
4.89 |
0.00 |
7.84 |
13.42 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
1.59% |
0.00% |
0.88% |
0.66% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-3,062 |
75 |
-3,004 |
34 |
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 |
-41.89 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
3.86 |
-0.30 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
3.86 |
-0.30 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.09 |
0.00 |
0.11 |
0.11 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
3,269 |
0.00 |
3,140 |
3,220 |
Invested Capital Turnover |
|
0.00 |
0.18 |
0.00 |
0.22 |
0.11 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
3,269 |
0.00 |
3,140 |
81 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
0.00 |
2,903 |
3,001 |
Market Capitalization |
|
0.00 |
0.00 |
991 |
1,153 |
1,214 |
Book Value per Share |
|
$0.00 |
$13.63 |
$0.00 |
$13.01 |
$12.55 |
Tangible Book Value per Share |
|
$0.00 |
$13.63 |
$0.00 |
$13.01 |
$12.55 |
Total Capital |
|
0.00 |
3,269 |
0.00 |
3,140 |
3,220 |
Total Debt |
|
0.00 |
1,927 |
0.00 |
1,808 |
1,861 |
Total Long-Term Debt |
|
0.00 |
1,013 |
0.00 |
1,067 |
1,539 |
Net Debt |
|
0.00 |
1,869 |
0.00 |
1,738 |
1,781 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.07 |
0.28 |
-0.11 |
0.18 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
1,927 |
0.00 |
1,808 |
1,861 |
Total Depreciation and Amortization (D&A) |
|
48 |
-94 |
87 |
-10 |
-9.30 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.75 |
$1.34 |
$1.06 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
100.20M |
101.12M |
106.57M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.74 |
$1.24 |
$1.03 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
115.43M |
123.49M |
125.46M |
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 |
100.94M |
102.88M |
107.85M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
62 |
207 |
75 |
136 |
115 |
Normalized NOPAT Margin |
|
44.44% |
72.37% |
28.96% |
38.60% |
33.48% |
Pre Tax Income Margin |
|
44.46% |
72.38% |
28.85% |
38.75% |
33.38% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.79 |
2.84 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.79 |
2.84 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.79 |
2.84 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.79 |
2.84 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
194.17% |
55.13% |
162.74% |
110.76% |
128.55% |
Augmented Payout Ratio |
|
194.17% |
55.13% |
162.74% |
110.76% |
128.55% |
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 |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
17.60% |
151.73% |
186.58% |
-17.87% |
20.79% |
0.36% |
5.17% |
2.35% |
-8.97% |
-37.62% |
EBITDA Growth |
|
0.00% |
-17.74% |
-8.22% |
37.67% |
-105.65% |
-37.42% |
-85.23% |
-43.36% |
1,663.81% |
0.67% |
0.23% |
EBIT Growth |
|
0.00% |
20.56% |
138.98% |
266.14% |
74.95% |
-39.36% |
-2.75% |
-9.28% |
-3.96% |
-14.18% |
-77.49% |
NOPAT Growth |
|
0.00% |
20.61% |
131.46% |
273.68% |
94.16% |
-39.24% |
-0.84% |
-11.67% |
-5.95% |
-14.11% |
-77.36% |
Net Income Growth |
|
0.00% |
20.96% |
131.69% |
281.94% |
85.48% |
-37.33% |
-0.84% |
-16.74% |
0.87% |
-16.26% |
-77.36% |
EPS Growth |
|
0.00% |
17.65% |
100.00% |
237.50% |
56.25% |
-35.00% |
-3.13% |
-18.52% |
-4.00% |
-15.38% |
-77.42% |
Operating Cash Flow Growth |
|
141.08% |
92.24% |
463.82% |
23.99% |
186.59% |
2,048.60% |
-229.52% |
-170.69% |
55.30% |
52.19% |
125.23% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
273.68% |
0.00% |
107.15% |
-9,539.83% |
-11,812.70% |
98.24% |
-96.13% |
107.65% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-6.24% |
0.00% |
0.00% |
2.57% |
0.45% |
-7.33% |
Revenue Q/Q Growth |
|
375.13% |
-50.27% |
34.08% |
-9.54% |
36.16% |
-26.86% |
79.51% |
-5.20% |
32.51% |
-34.95% |
-23.67% |
EBITDA Q/Q Growth |
|
4.28% |
13.67% |
12.51% |
3.24% |
-104.28% |
1,358.40% |
-74.39% |
295.88% |
18.21% |
-18.99% |
-73.56% |
EBIT Q/Q Growth |
|
104.60% |
186.03% |
-19.75% |
-22.04% |
-2.24% |
-0.86% |
24.58% |
-27.27% |
3.50% |
-11.42% |
-66.24% |
NOPAT Q/Q Growth |
|
84.43% |
216.11% |
-21.66% |
-18.18% |
-4.17% |
-1.07% |
23.76% |
-27.12% |
2.04% |
-9.66% |
-66.30% |
Net Income Q/Q Growth |
|
97.33% |
202.23% |
-21.72% |
-18.19% |
-4.17% |
2.12% |
23.86% |
-31.31% |
16.10% |
-15.23% |
-66.51% |
EPS Q/Q Growth |
|
100.00% |
150.00% |
-20.00% |
-15.63% |
-7.41% |
4.00% |
19.23% |
-29.03% |
9.09% |
-8.33% |
-68.18% |
Operating Cash Flow Q/Q Growth |
|
-37.57% |
-107.99% |
3,622.92% |
-29.44% |
44.29% |
-45.67% |
-334.16% |
61.48% |
416.96% |
-46.76% |
-61.18% |
Free Cash Flow Firm Q/Q Growth |
|
-100.00% |
0.00% |
-21.66% |
-18.18% |
-10,943.79% |
107.59% |
-11,880.72% |
-31,192.39% |
98.37% |
116.68% |
2,672.26% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.02% |
0.00% |
7,339.22% |
-4.92% |
-2.04% |
-1.71% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
25.22% |
57.65% |
48.37% |
55.20% |
-1.74% |
29.86% |
7.12% |
29.73% |
26.52% |
33.03% |
11.44% |
EBIT Margin |
|
11.53% |
66.30% |
39.69% |
34.20% |
24.55% |
33.28% |
38.45% |
29.50% |
23.04% |
31.38% |
13.88% |
Profit (Net Income) Margin |
|
10.90% |
66.22% |
38.66% |
34.96% |
24.61% |
34.36% |
38.20% |
27.68% |
24.25% |
31.60% |
13.86% |
Tax Burden Percent |
|
98.89% |
99.81% |
97.41% |
102.23% |
99.94% |
103.31% |
99.33% |
93.82% |
107.63% |
100.08% |
99.90% |
Interest Burden Percent |
|
95.58% |
100.06% |
100.00% |
100.00% |
100.27% |
99.92% |
100.00% |
100.00% |
97.79% |
100.64% |
100.00% |
Effective Tax Rate |
|
5.54% |
0.21% |
2.59% |
-2.23% |
0.06% |
0.00% |
0.67% |
0.46% |
-0.35% |
-0.08% |
0.10% |
Return on Invested Capital (ROIC) |
|
0.00% |
10.61% |
0.00% |
0.00% |
5.52% |
3.76% |
4.82% |
3.73% |
2.44% |
3.34% |
1.29% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
10.61% |
0.00% |
0.00% |
5.52% |
3.80% |
4.82% |
3.59% |
2.54% |
3.35% |
1.29% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
15.94% |
0.00% |
0.00% |
7.50% |
5.31% |
6.81% |
5.30% |
3.46% |
4.41% |
1.80% |
Return on Equity (ROE) |
|
0.00% |
26.54% |
0.00% |
0.00% |
13.02% |
9.07% |
11.62% |
9.03% |
5.90% |
7.76% |
3.09% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
0.00% |
0.00% |
0.00% |
-191.34% |
10.09% |
-192.88% |
-193.17% |
1.07% |
3.07% |
10.20% |
Operating Return on Assets (OROA) |
|
0.00% |
5.27% |
0.00% |
0.00% |
2.74% |
3.68% |
2.37% |
1.86% |
2.46% |
3.26% |
1.27% |
Return on Assets (ROA) |
|
0.00% |
5.26% |
0.00% |
0.00% |
2.74% |
3.79% |
2.35% |
1.74% |
2.59% |
3.28% |
1.27% |
Return on Common Equity (ROCE) |
|
0.00% |
26.31% |
0.00% |
0.00% |
12.90% |
8.99% |
11.52% |
8.99% |
5.86% |
7.71% |
3.07% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
6.20% |
0.00% |
0.00% |
0.00% |
8.80% |
8.67% |
8.39% |
0.00% |
8.19% |
6.36% |
Net Operating Profit after Tax (NOPAT) |
|
14 |
45 |
35 |
29 |
28 |
27 |
35 |
25 |
26 |
23 |
7.88 |
NOPAT Margin |
|
10.41% |
66.16% |
38.66% |
34.96% |
24.61% |
33.28% |
38.20% |
29.36% |
22.61% |
31.40% |
13.86% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-0.05% |
0.00% |
0.14% |
-0.10% |
-0.01% |
0.00% |
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 |
|
88.47% |
33.70% |
60.31% |
65.80% |
75.45% |
66.72% |
61.55% |
70.50% |
76.96% |
68.62% |
86.12% |
Earnings before Interest and Taxes (EBIT) |
|
16 |
45 |
36 |
28 |
27 |
27 |
35 |
25 |
26 |
23 |
7.88 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
34 |
39 |
44 |
45 |
-1.94 |
24 |
6.48 |
26 |
30 |
25 |
6.50 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.73 |
0.00 |
0.00 |
0.87 |
0.86 |
0.89 |
0.92 |
0.90 |
0.89 |
0.87 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.73 |
0.00 |
0.00 |
0.87 |
0.86 |
0.89 |
0.92 |
0.90 |
0.89 |
0.87 |
Price to Revenue (P/Rev) |
|
3.84 |
3.63 |
4.59 |
3.98 |
3.27 |
3.18 |
5.83 |
5.84 |
3.55 |
3.55 |
3.78 |
Price to Earnings (P/E) |
|
13.26 |
11.71 |
10.33 |
9.17 |
8.52 |
9.85 |
10.44 |
11.11 |
10.71 |
10.87 |
13.75 |
Dividend Yield |
|
12.43% |
12.86% |
12.08% |
11.46% |
12.14% |
9.72% |
9.68% |
9.79% |
9.33% |
12.06% |
12.42% |
Earnings Yield |
|
7.54% |
8.54% |
9.68% |
10.90% |
11.73% |
10.15% |
9.58% |
9.00% |
9.34% |
9.20% |
7.27% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.88 |
0.00 |
0.00 |
0.92 |
0.90 |
0.92 |
0.95 |
0.93 |
0.92 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
10.99 |
0.00 |
0.00 |
8.24 |
7.75 |
14.61 |
14.96 |
8.76 |
8.70 |
9.55 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
19.14 |
0.00 |
0.00 |
22.99 |
25.43 |
40.87 |
27.30 |
28.40 |
24.61 |
32.68 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
35.41 |
0.00 |
0.00 |
21.28 |
23.92 |
25.95 |
27.72 |
26.11 |
26.25 |
34.25 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
35.77 |
0.00 |
0.00 |
21.35 |
23.98 |
25.88 |
27.82 |
26.17 |
26.31 |
34.43 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
38.47 |
0.00 |
0.00 |
8.72 |
7.02 |
25.43 |
0.00 |
71.45 |
37.56 |
10.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.67 |
0.00 |
0.00 |
88.12 |
30.18 |
8.74 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
1.50 |
0.00 |
0.00 |
1.36 |
1.29 |
1.41 |
1.48 |
1.37 |
1.34 |
1.36 |
Long-Term Debt to Equity |
|
0.00 |
0.84 |
0.00 |
0.00 |
0.80 |
0.91 |
0.90 |
1.14 |
1.13 |
1.12 |
1.15 |
Financial Leverage |
|
0.00 |
1.50 |
0.00 |
0.00 |
1.36 |
1.40 |
1.41 |
1.48 |
1.36 |
1.32 |
1.39 |
Leverage Ratio |
|
0.00 |
2.52 |
0.00 |
0.00 |
2.37 |
2.45 |
2.47 |
2.50 |
2.38 |
2.37 |
2.44 |
Compound Leverage Factor |
|
0.00 |
2.53 |
0.00 |
0.00 |
2.38 |
2.45 |
2.47 |
2.50 |
2.33 |
2.39 |
2.44 |
Debt to Total Capital |
|
0.00% |
60.04% |
0.00% |
0.00% |
57.58% |
56.40% |
58.56% |
59.62% |
57.79% |
57.26% |
57.69% |
Short-Term Debt to Total Capital |
|
0.00% |
26.64% |
0.00% |
0.00% |
23.61% |
16.69% |
21.32% |
13.74% |
10.01% |
9.50% |
8.95% |
Long-Term Debt to Total Capital |
|
0.00% |
33.40% |
0.00% |
0.00% |
33.98% |
39.71% |
37.24% |
45.88% |
47.78% |
47.76% |
48.74% |
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% |
0.35% |
0.00% |
0.00% |
0.38% |
0.39% |
0.37% |
0.19% |
0.18% |
0.19% |
0.19% |
Common Equity to Total Capital |
|
0.00% |
39.61% |
0.00% |
0.00% |
42.04% |
43.21% |
41.07% |
40.19% |
42.03% |
42.55% |
42.12% |
Debt to EBITDA |
|
0.00 |
13.05 |
0.00 |
0.00 |
14.32 |
15.86 |
25.99 |
17.12 |
17.61 |
15.25 |
20.33 |
Net Debt to EBITDA |
|
0.00 |
12.75 |
0.00 |
0.00 |
13.76 |
14.90 |
24.40 |
16.60 |
16.85 |
14.52 |
19.68 |
Long-Term Debt to EBITDA |
|
0.00 |
7.26 |
0.00 |
0.00 |
8.45 |
11.17 |
16.53 |
13.17 |
14.56 |
12.72 |
17.18 |
Debt to NOPAT |
|
0.00 |
24.39 |
0.00 |
0.00 |
13.30 |
14.96 |
16.46 |
17.45 |
16.23 |
16.29 |
21.42 |
Net Debt to NOPAT |
|
0.00 |
23.82 |
0.00 |
0.00 |
12.78 |
14.05 |
15.45 |
16.91 |
15.53 |
15.52 |
20.73 |
Long-Term Debt to NOPAT |
|
0.00 |
13.57 |
0.00 |
0.00 |
7.84 |
10.53 |
10.47 |
13.43 |
13.42 |
13.59 |
18.10 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.88% |
0.00% |
0.00% |
0.88% |
0.89% |
0.89% |
0.46% |
0.66% |
0.67% |
0.68% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-3,304 |
35 |
29 |
-3,112 |
236 |
-3,311 |
-3,361 |
-55 |
9.14 |
253 |
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 |
-107.30 |
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 |
-0.11 |
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 |
-0.11 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.08 |
0.00 |
0.00 |
0.11 |
0.11 |
0.06 |
0.06 |
0.11 |
0.10 |
0.09 |
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 |
|
0.00 |
3,349 |
0.00 |
0.00 |
3,140 |
3,140 |
3,346 |
3,387 |
3,220 |
3,154 |
3,101 |
Invested Capital Turnover |
|
0.00 |
0.16 |
0.00 |
0.00 |
0.22 |
0.11 |
0.13 |
0.13 |
0.11 |
0.11 |
0.09 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
3,349 |
0.00 |
0.00 |
3,140 |
-209 |
3,346 |
3,387 |
81 |
14 |
-245 |
Enterprise Value (EV) |
|
0.00 |
2,949 |
0.00 |
0.00 |
2,903 |
2,840 |
3,082 |
3,219 |
3,001 |
2,916 |
2,875 |
Market Capitalization |
|
991 |
973 |
1,053 |
1,128 |
1,153 |
1,164 |
1,230 |
1,256 |
1,214 |
1,190 |
1,138 |
Book Value per Share |
|
$0.00 |
$13.14 |
$0.00 |
$0.00 |
$13.01 |
$13.19 |
$12.93 |
$12.62 |
$12.55 |
$12.45 |
$12.11 |
Tangible Book Value per Share |
|
$0.00 |
$13.14 |
$0.00 |
$0.00 |
$13.01 |
$13.19 |
$12.93 |
$12.62 |
$12.55 |
$12.45 |
$12.11 |
Total Capital |
|
0.00 |
3,349 |
0.00 |
0.00 |
3,140 |
3,140 |
3,346 |
3,387 |
3,220 |
3,154 |
3,101 |
Total Debt |
|
0.00 |
2,011 |
0.00 |
0.00 |
1,808 |
1,771 |
1,959 |
2,019 |
1,861 |
1,806 |
1,789 |
Total Long-Term Debt |
|
0.00 |
1,119 |
0.00 |
0.00 |
1,067 |
1,247 |
1,246 |
1,554 |
1,539 |
1,507 |
1,511 |
Net Debt |
|
0.00 |
1,964 |
0.00 |
0.00 |
1,738 |
1,663 |
1,840 |
1,957 |
1,781 |
1,721 |
1,731 |
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) |
|
-0.66 |
-0.04 |
-0.00 |
0.00 |
0.00 |
-0.88 |
0.00 |
1.46 |
-1.88 |
-0.15 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
2,011 |
0.00 |
0.00 |
1,808 |
1,771 |
1,959 |
2,019 |
1,861 |
1,806 |
1,789 |
Total Depreciation and Amortization (D&A) |
|
19 |
-5.86 |
7.88 |
17 |
-29 |
-2.79 |
-29 |
0.20 |
3.98 |
1.23 |
-1.39 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.14 |
$0.44 |
$0.35 |
$0.28 |
$0.27 |
$0.26 |
$0.32 |
$0.22 |
$0.26 |
$0.22 |
$0.07 |
Adjusted Weighted Average Basic Shares Outstanding |
|
100.20M |
100.94M |
100.94M |
100.95M |
101.12M |
103.66M |
106.89M |
107.85M |
106.57M |
107.85M |
107.75M |
Adjusted Diluted Earnings per Share |
|
$0.16 |
$0.40 |
$0.32 |
$0.27 |
$0.25 |
$0.26 |
$0.31 |
$0.22 |
$0.24 |
$0.22 |
$0.07 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
115.43M |
123.59M |
127.02M |
123.18M |
123.49M |
122.44B |
125.76M |
126.78M |
125.46M |
126.85M |
126.73M |
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 |
|
100.94M |
100.94M |
100.94M |
101.44M |
102.88M |
106.29M |
107.85M |
107.85M |
107.85M |
107.85M |
106.36M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
14 |
45 |
35 |
20 |
28 |
27 |
35 |
25 |
18 |
16 |
7.88 |
Normalized NOPAT Margin |
|
10.41% |
66.16% |
38.66% |
23.94% |
24.61% |
33.28% |
38.20% |
29.36% |
15.77% |
21.96% |
13.86% |
Pre Tax Income Margin |
|
11.02% |
66.34% |
39.69% |
34.20% |
24.62% |
33.25% |
38.45% |
29.50% |
22.53% |
31.58% |
13.88% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
1.46 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
1.45 |
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 |
1.46 |
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 |
1.45 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
162.74% |
152.01% |
127.37% |
110.41% |
110.76% |
131.28% |
132.73% |
138.60% |
128.55% |
130.48% |
170.15% |
Augmented Payout Ratio |
|
162.74% |
152.01% |
127.37% |
110.41% |
110.76% |
131.28% |
132.73% |
138.60% |
128.55% |
130.48% |
170.15% |
Key Financial Trends
Over the last four years, New Mountain Finance Corp (NASDAQ: NMFCZ) has demonstrated steady financial performance with a few notable trends and fluctuations across its income, cash flow, and balance sheet statements.
Positive Trends:
- Consistent positive consolidated net income, with Q2 2025 reporting $7.87 million continuing operations profit, reflecting ongoing profitability.
- Strong total interest income, with Q2 2025 recording $35.69 million, indicating steady income generation from investment securities over the periods.
- Net interest income remained robust, with Q2 2025 slightly lower than Q1 2025 but still solid at $35.69 million.
- Total non-interest income, while fluctuating, remains a significant contributor; Q2 2025 showed $21.11 million, supporting revenue diversification.
- Operating cash flow has generally been strong, particularly in Q1 2025 with $104.2 million from continuing operations, showcasing solid liquidity management.
- Total assets have remained stable above $3.1 billion in recent quarters, highlighting asset base stability and capacity for income generation.
- Common equity levels have been solid and increasing over multiple quarters, for instance, reaching $1.305 billion as of Q2 2025, supporting company capitalization.
- Consistent payment of dividends around $0.64 per share in recent quarters, indicating a commitment to shareholder returns.
- Debt issuance activities show the company is actively managing capital structures, with repayments generally exceeding new issuances, suggesting deleveraging efforts.
Neutral Observations:
- Amortization and non-cash adjustments vary quarter to quarter, which is typical for a finance company but impacts reported net income reconciliation.
- No reported loans and leases as assets, consistent with New Mountain Finance's investment strategy focusing on securities rather than traditional lending.
- Cash interest paid remains high, roughly in the range of $27 to $34 million quarterly, reflecting financing costs aligned with the company's debt levels.
- Weighted average shares outstanding have remained relatively stable, indicating limited dilution.
- Total liabilities fluctuate in response to issuance and repayment of short- and long-term debt, reflecting active balance sheet management rather than steady trending.
Negative or Concerning Factors:
- Consolidated net income has exhibited a downward trend in recent quarters, decreasing from $44.8 million in Q1 2023 to $7.87 million in Q2 2025, suggesting pressure on earnings.
- Net cash from financing activities has been negative recently, with substantial repayments exceeding new issuances, which could impact liquidity if not balanced with operations.
- Other operating expenses have increased notably over time, reaching over $40 million in Q2 2025, which pressures net income margins.
- While dividends remain consistent, the cash dividends per share (around $0.64) appear quite high relative to quarterly net income, potentially affecting retained earnings and equity growth.
- Retained earnings have declined, reflected by a negative balance of -$51 million as of Q2 2025, indicating accumulated net losses or dividend distribution exceeding net income over time.
Summary: New Mountain Finance Co. exhibits a stable asset base and solid revenue generation primarily from investment securities interest income. The firm continues to deliver steady dividends, which is attractive to income-focused investors. However, the downward trend in net income and negative retained earnings suggest earnings pressure and funding challenges that investors should watch closely. Increasing operating expenses and high financing costs could further limit margin improvement.
Investors may want to monitor the company’s ability to control costs and sustain income levels while balancing dividend payments and debt management going forward.
10/14/25 05:02 PM ETAI Generated. May Contain Errors.