New Mountain Finance Corporation

NMFC

$7.47

+0.27%

2026-09-03 14:34:28 EDT+$0.02

Financial Services

Asset Management

NASDAQ

Active Trading

New Mountain Finance Corporation (NMFC), a Nasdaq-listed business development company (BDC), operates as both a private equity and lending vehicle. It specializes ...

Price Action of NMFC

$7.47

+0.27%+$0.02

High—

Low—

52W High-19.6%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

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New Mountain Finance Corporation (NMFC) is a publicly traded business development company (BDC) listed on the NASDAQ Global Market. Founded in 2010 and headquartered in New York City, NMFC operates as an externally managed investment vehicle, with its investment advisor being New Mountain Capital, a firm founded by Steven Klinsky ...New Mountain Finance Corporation (NMFC) is a publicly traded business development company (BDC) listed on the NASDAQ Global Market. Founded in 2010 and headquartered in New York City, NMFC operates as an externally managed investment vehicle, with its investment advisor being New Mountain Capital, a firm founded by Steven Klinsky in 1999. The company's mission is to generate attractive risk-adjusted returns by providing capital to high-quality, defensive growth businesses in the U.S. middle market. NMFC's investment strategy emphasizes direct lending, where it originates and invests in first and second lien debt, unsecured notes, mezzanine securities, and occasionally equity interests. It targets companies with EBITDA typically ranging from $10 million to $200 million, and commits between $10 million and $125 million per transaction. The firm focuses on sectors such as healthcare, education, energy, technology, and business services, aiming to build a diversified portfolio of investments. As of recent data, NMFC manages a portfolio of approximately $2.3 billion across 113 portfolio companies. Its largest shareholder group consists of employees, holding around 18% of shares outstanding, indicating strong insider alignment. Financially, NMFC has a market capitalization of about $732 million, with a stock price of $7.75. It pays a regular dividend, with a recent quarterly dividend of $1.21 per share, reflecting its income-oriented approach. The company's revenue per share is $1.81, and it has a book value per share of $10.95. Despite a recent negative net profit margin, the firm focuses on generating cash flow, with operating cash flow per share at $11.23. Key executives include CEO John R. Kline, who has been with New Mountain since 2008, and founder Steven Klinsky, who serves as Chairman. NMFC aims to provide stable, income-generating investments while preserving capital, making it a suitable option for investors seeking exposure to the private credit market in a regulated format.ExpandCollapse

Founded

2010

Employees

CEO

John R. Kline

Full Name

New Mountain Finance Corporation

Sector

Financial Services

Industry

Asset Management

ROE

-4.28%

Market Cap

$0.71B

Current Ratio

0.92

WACC

7.18%

ROIC

-369.49%

Contact Information

https://www.newmountainfinance.com

212-720-0300

1633 Broadway, New York City, NY 10019

Key Metrics of NMFC

Snapshot

Latest / TTM · 6 periods

Market Cap

$705.56M

ROCE

1.4%

EV / EBITDA

23.83x

+0.7% YoY

FCF Yield

93.6%

+54.9% YoY

Cash Conversion Cycle

13.8d

Current Ratio

0.92

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of NMFC

Profitability trend

Latest / TTM · 6 periods

Gross Margin

71.8%

Net Margin

-28.2%

P/E Ratio

-15.56x

n/a

Debt / Equity

1.31

n/a

Current Ratio

0.92

Dividend Yield

16.2%

Understanding

TTM —

Current ratio below 1.0

Calendar of NMFC

Upcoming

Sep 16, 2026In 12 days
Ex-dividend date
$1.21 per share
Sep 30, 2026In 26 days
Dividend payment
$1.21 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.26 · Revenue $61.09M · 5 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.26 · Revenue $61.27M · 5 analysts

Recent history

Aug 3, 2026
Q2 FY2026 · Results reported
EPS $0.18 · Revenue $16.49M
View filing
May 4, 2026
Q1 FY2026 · Results reported
EPS $-0.51 · Revenue $36.78M
View filing
Feb 24, 2026
FY2025 · Annual results
EPS $0.14 · Revenue $138.56M
View filing
Nov 3, 2025
Q3 FY2025 · Results reported
EPS $0.11 · Revenue $48.70M
View filing
Aug 4, 2025
Q2 FY2025 · Results reported
EPS $0.07 · Revenue $39.07M
View filing
May 5, 2025
Q1 FY2025 · Results reported
EPS $0.22 · Revenue $56.08M
View filing

Financial Statements of NMFC

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$138.6M	-58.0%	-55.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$16.5M	-85.5%	+133.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+10.7%	-85.7%	-69.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+12.6%	-83.7%	+483.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+11.9%	-65.4%	+175.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$379.0M	+802.4%	-93.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+273.5%	+2048.0%	-86.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	141.4%	+4.2%	+3.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.57x	-92.1%	-23.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$2.9B	-10.6%	-0.5%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.14 vs 1.28	-89.1%	0.18 vs 0.26	-30.3%
Revenue Surprise	$138.6M vs $328.5M	-57.8%	$16.5M vs $61.1M	-73.0%

Insider Transactions of NMFC

Acquisitions (A)

Since Mar 4, 2026

Disposals (D)

Since Mar 4, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jun 15, 2026	Malfettone John P	director	Common Stock	D	77,500	$7.89
Mar 17, 2026	Weinstein Adam B.	director, officer: EVP, CAO and Director	Common Stock	A	12,900	$7.61
Mar 11, 2026	KLINSKY STEVEN B	director, 10 percent owner:	Common Stock	A	184,162	$8.05
Mar 11, 2026	KLINSKY STEVEN B	director, 10 percent owner:	Common Stock	A	92,080	$8.05
Mar 10, 2026	KLINSKY STEVEN B	director, 10 percent owner:	Common Stock	A	149,172	$8.05

Earnings Call Transcript of NMFC

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Thank you. Welcome to the New Mountain Finance Corporation's second quarter 2026 earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to John Kline, President and CEO. Please go ahead. John Kline: Thank you, and good morning, everyone. Welcome to New Mountain Finance Corporation's second quarter 2026 earnings call. On the line with me here today are Steve Klinsky, Chairman of NMFC and CEO of New Mountain Capital; Laura Holson, COO, Interim CFO, and Treasurer of NMFC. Steve is going to make some introductory remarks, but before he does, I'd like to ask Laura to make some important statements regarding today's call. Laura Holson: Thanks, John. Good morning, everyone. Before we get into the presentation, I would like to advise everyone that today's call and webcast are being recorded. Please note that they are the property of New Mountain Finance Corporation and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our August 3rd earnings press release. I would also like to call your attention to the customary safe harbor disclosure in our press release and on Pages 2 and 3 of the slide presentation regarding forward-looking statements. Today's conference call and webcast may include forward-looking statements and projections, and we ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from those statements and projections. We do not undertake to update our forward-looking statements or projections unless required to by law. All materials referenced during today's call, including the earnings press release, earnings presentation, and Form 10-Q, are available on our website at www.newmountainfinance.com. At this time, I'd like to turn the call over to Steve Klinsky, NMFC's Chairman, who will give some highlights beginning on Page 6 of the slide presentation. Steve? Steven Klinsky: Thanks, Laura. It's great to be able to address you all today, both as NMFC's Chairman and as a major fellow shareholder. Adjusted net investment income for the second quarter was $0.26 per share, covering our $0.25 per share dividend that was paid in cash on June 30th. Looking forward to Q3, we would like to announce a $0.25 dividend payable on September 30th to shareholders of record as of September 16th. Consistent with our historical practice, we project that net investment income will continue to cover the quarterly dividend in the upcoming quarters. Our net asset value per share of $10.89 declined $0.03 or just 30 basis points compared to Q1, reflecting stable credit performance across the portfolio. Notably, non-accruals at fair value improved meaningfully from 2.6% last quarter to 1.5%. During the quarter, we repurchased approximately $9 million of stock at approximately $8 per share, or about a 27% discount to book value. Year-to-date, we have …

Leadership Team of NMFC

10 executives

Name	Title	Gender	Year Born	Status
Joseph Wesley Hartswell	Chief Compliance Officer	Male	1979	Active
Eric Kane	Credit Legal Counsel & Corporate Secretary	Male	—	Active
Laura Holson	COO & CFO	Female	1986	Active
Joshua Brendan Porter	Managing Director & Head of Credit Special Situations	Male	—	Active
Catherine R. Dunn	Managing Director & Head of Capital Markets	Female	—	Active
Linda Chiu	Managing Director	Female	—	Active
Joshua Weinstein	Senior Accounting Manager	Male	—	Active
Ivo D. Turkedjiev	Managing Director	Male	—	Active
John R. Kline	President, Chief Executive Officer & Director	Male	1975	Active
Adam Weinstein	Chief Administrative Officer, Executive Vice President & Director	Male	1979	Active

Recent News of NMFC

Forbes8/15/2026Neutral

5 Dividend Stocks Wall Street Hates Paying Up To 12.9%

500 out of 500.

Defense World8/6/2026Neutral

New Mountain Finance Q2 Earnings Call Highlights

New Mountain Finance (NASDAQ: NMFC) reported second-quarter adjusted net investment income of $0.26 per share, covering its $0.25 per-share cash dividend, while net asset value declined modestly and non-accruals improved from the prior quarter. Chairman Steve Klinsky said the business development company's net asset value was $10.89 per share at June 30, down $0.03, or 30

MarketBeat8/4/2026Neutral

New Mountain Finance Q2 Earnings Call Highlights

New Mountain Finance NASDAQ: NMFC reported second-quarter adjusted net investment income of $0.26 per share, covering its $0.25 per-share cash dividend, while net asset value declined modestly and non-accruals improved from the prior quarter.

Seeking Alpha8/4/2026Neutral

New Mountain Finance (NMFC) Q2 2026 Earnings Call Transcript

Zacks Investment Research8/3/2026Neutral

New Mountain Finance (NMFC) Q2 Earnings Match Estimates

New Mountain Finance (NMFC) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.32 per share a year ago.

Historical Employee Count of NMFC

Current

Minimum

Maximum

Recent Filings

Report Date	Form Type	Filing Date	SEC Filing
Dec 31, 2025	10-K	Feb 24, 2026	View
Dec 31, 2024	10-K	Feb 26, 2025	View
Dec 31, 2023	10-K	Feb 26, 2024	View
Dec 31, 2022	10-K	Feb 27, 2023	View
Dec 31, 2021	10-K	Feb 28, 2022	View

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New Mountain Finance Corporation