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New Mountain Finance Co. 8.250% Notes due 2028 (NMFCZ) Financials

$25.41 +0.01 (+0.04%)
As of 08/13/2025 04:00 PM Eastern
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Annual Income Statements for New Mountain Finance Co. 8.250% Notes due 2028

Annual Income Statements for New Mountain Finance Co. 8.250% Notes due 2028

This table shows New Mountain Finance Co. 8.250% Notes due 2028's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

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

Quarterly Income Statements for New Mountain Finance Co. 8.250% Notes due 2028

This table shows New Mountain Finance Co. 8.250% Notes due 2028'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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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 Co. 8.250% Notes due 2028

This table details how cash moves in and out of New Mountain Finance Co. 8.250% Notes due 2028's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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 Co. 8.250% Notes due 2028

This table details how cash moves in and out of New Mountain Finance Co. 8.250% Notes due 2028'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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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 Co. 8.250% Notes due 2028

This table presents New Mountain Finance Co. 8.250% Notes due 2028'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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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 Co. 8.250% Notes due 2028

This table presents New Mountain Finance Co. 8.250% Notes due 2028'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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
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 Co. 8.250% Notes due 2028

This table displays calculated financial ratios and metrics derived from New Mountain Finance Co. 8.250% Notes due 2028's official financial filings.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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 Co. 8.250% Notes due 2028

This table displays calculated financial ratios and metrics derived from New Mountain Finance Co. 8.250% Notes due 2028'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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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

New Mountain Finance Corp (NASDAQ:NMFCZ) has shown varied financial performance over the last four years, and here is a summary of the key trends and metrics from its recent quarterly financial statements through Q2 2025.

  • Consistent net income generation: The company posted consolidated net income of $7.88 million in Q2 2025, with prior quarters showing higher earnings (e.g., $23.5 million in Q1 2025), indicating ongoing profitability despite quarterly fluctuations.
  • Strong net interest income: Net interest income remains the major revenue source, with $35.7 million in Q2 2025. Historically, net interest income peaked near $92.3 million in Q4 2024 but has moderated recently.
  • Stable dividend payouts: NMFC maintained a cash dividend per common share of $0.64 in Q2 2025, consistent with the $0.64 payout in Q1 2025 and roughly stable over previous quarters, indicating steady shareholder returns.
  • Operating cash flow positive in recent quarters: Net cash from continuing operating activities was solid at $40.6 million in Q2 2025 and $104.2 million in Q1 2025, illustrating good cash conversion and operational efficiency.
  • Fluctuations in total revenue and expenses: Total revenue dropped from about $114 million in Q4 2024 to $56.8 million in Q2 2025, primarily due to lower interest income and other income. Total non-interest expenses also varied between $48 million and $88 million over recent quarters.
  • Significant amortization and non-cash adjustments: Q2 2025 reported amortization expense of negative $1.39 million and strong non-cash adjustments of +$38.5 million, reflecting accounting entries that affect net income but not cash flows directly.
  • Balance sheet remains robust with $3.16 billion in assets: Total assets as of Q2 2025 were approximately $3.16 billion, with major components being trading account securities (~$3.04 billion) and cash & equivalents (~$57 million).
  • Increase in debt repayment over issuance in financing activities: Q2 2025 saw debt repayment ($153.1 million) exceeding issuance ($128.5 million) by about $25 million, contributing to net cash use in financing activities (-$68.8 million), potentially tightening liquidity.
  • Reduced net income and EPS in 2025 vs prior year: Net income and diluted EPS have declined from multi-million dollar and higher cents-per-share figures in 2024 quarters (e.g., EPS $0.22 in Q1 2025 vs $0.26-$0.32 in 2024), indicating margin pressure or lower earnings.
  • High interest expense variability in prior years: Interest expense was $0 in some recent quarters but was substantial (up to $63.9 million in Q4 2022), suggesting changes in debt structure or interest rate exposure. Interest paid remains high (~$30 million in recent quarters).

Summary: New Mountain Finance Corp exhibits steady operations and profitability with reliable dividend payments and strong operating cash flow. However, the recent quarters reflect some volatility in revenues and earnings, alongside active debt management leading to net repayments. The company maintains a strong asset base dominated by trading securities. Investors should watch the trends in net income, expense control, and liquidity given fluctuations in financing cash flows.

08/14/25 04:31 AMAI Generated. May Contain Errors.

Frequently Asked Questions About New Mountain Finance Co. 8.250% Notes due 2028's Financials

When does New Mountain Finance Co. 8.250% Notes due 2028's fiscal year end?

According to the most recent income statement we have on file, New Mountain Finance Co. 8.250% Notes due 2028's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has New Mountain Finance Co. 8.250% Notes due 2028's net income changed over the last 4 years?

New Mountain Finance Co. 8.250% Notes due 2028'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.

How has New Mountain Finance Co. 8.250% Notes due 2028's revenue changed over the last 4 years?

Over the last 4 years, New Mountain Finance Co. 8.250% Notes due 2028'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 Co. 8.250% Notes due 2028 have?

New Mountain Finance Co. 8.250% Notes due 2028'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 Co. 8.250% Notes due 2028 have?

In the past 3 years, New Mountain Finance Co. 8.250% Notes due 2028'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 Co. 8.250% Notes due 2028's book value per share changed over the last 4 years?

Over the last 4 years, New Mountain Finance Co. 8.250% Notes due 2028'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:NMFCZ) was last updated on 8/14/2025 by MarketBeat.com Staff
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