LEO

MKT CAP:$393M

BNY Mellon Strategic Municipals, Inc.

Market Cap

$393M

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$6.38+$0.00 (+0.00%)

Apr 21, 2026

Company Details

BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investme...

CEO

Daniel A. Barton

IPO Date

Sep 23, 1987

Website

im.bnymellon.com/us/en/intermediary/products/closed-end-funds.jsp

Key Metrics TTM

Revenue

$54M

+21.5% YoY

Net Income

$60M

EPS (Diluted)

$0.97

Free Cash Flow

$25M

Revenue / Share

$0.87

Gross Margin

67.7%

Operating Margin

114.4%

Net Margin

111.0%

FCF Margin

46.7%

P/S

7.2x

P/E

6.5x

Earnings Reports

FY 2025

Sep 30, 2025

-$5M-107.1%EPS -$0.21

Q4 2025

Sep 29, 2025

$12M-19.5%EPS $0.12

Q2 2025

Mar 30, 2025

$14M-1.0%EPS -$0.33

FY 2024

Sep 30, 2024

$73M+365.7%EPS $1.18

Q4 2024

Sep 30, 2024

$14MEPS $0.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 13	$20M	$20M	$17M
Q2 14	$20M	$20M	$18M
Q4 14	$20M	$19M	$17M
Q2 15	$20M	$19M	$17M
Q4 19	$18M	$16M	$33M
Q2 20	$15M	$13M	-$28M
Q4 20	$8M	$6M	$40M
Q2 21	$19M	$17M	$30M
Q4 21	$15M	$13M	$18M
Q2 22	$13M	$11M	-$45M
Q4 22	$8M	$6M	-$64M
Q2 23	$9M	$7M	$37M
Q2 24	$14M	$12M	$55M
Q4 24	$14M	$14M	$13M
Q2 25	$14M	$0	-$16M
Q4 25	$12M	$10M	$11M

Valuation

Quarter	P/S	P/E
Q4 13	4.7x	3.7x
Q2 14	4.8x	5.1x
Q4 14	4.9x	5.3x
Q2 15	5.0x	7.6x
Q4 19	5.1x	2.9x
Q2 20	5.5x	6.0x
Q4 20	6.5x	6.2x
Q2 21	6.5x	5.8x
Q4 21	6.8x	7.1x
Q2 22	7.0x	9.9x
Q4 22	7.1x	—
Q2 23	8.8x	—
Q2 24	9.0x	—
Q4 24	8.8x	9.3x
Q2 25	7.7x	4.5x
Q4 25	7.2x	6.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 13	-$6M	-$6M
Q2 14	$43M	$43M
Q4 14	$20M	$20M
Q2 15	$18M	$18M
Q4 19	$33M	$33M
Q2 20	$2M	$2M
Q4 20	-$8M	-$8M
Q2 21	-$757.3K	-$757.3K
Q4 21	$32M	$32M
Q2 22	$9M	$9M
Q4 22	$3M	$3M
Q2 23	$5M	$5M
Q2 24	$33M	$33M
Q4 24	-$20M	-$20M
Q2 25	$9M	$9M
Q4 25	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q4 13	$0
Q2 14	$0
Q4 14	$0
Q2 15	$0
Q4 19	$0
Q2 20	$0
Q4 20	$0
Q2 21	$0
Q4 21	$0
Q2 22	$0
Q4 22	$0
Q2 23	$0
Q2 24	$5
Q4 24	$0
Q2 25	$5
Q4 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 13	-7.9%	-8.3%
Q2 14	-5.0%	-14.6%
Q4 14	-7.7%	-18.8%
Q2 15	-6.6%	-18.4%
Q4 19	-9.5%	-639.2%
Q2 20	-26.1%	+1554.5%
Q4 20	-57.5%	-1336.5%
Q2 21	-2.1%	-529.0%
Q4 21	-13.8%	+80.7%
Q2 22	-11.4%	+35.9%
Q4 22	-9.7%	+327.2%
Q2 23	-55.2%	-151.9%
Q2 24	-8.2%	-1276.3%
Q4 24	+9.4%	-96.7%
Q2 25	+87.2%	-57.3%
Q4 25	+36.4%	+101.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 13	$0	0.0%
Q2 14	$0	0.0%
Q4 14	$0	0.0%
Q2 15	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 13	$3M
Q2 14	$3M
Q4 14	$3M
Q2 15	$3M
Q4 19	$2M
Q2 20	$2M
Q4 20	$2M
Q2 21	$2M
Q4 21	$2M
Q2 22	$2M
Q4 22	$2M
Q2 23	$2M
Q2 24	$2M
Q4 24	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$3M	$0	$3M
Q4 18	$39.0K	$0	$39.0K
Q2 19	$5M	$103	$5M
Q4 19	$574.2K	$0	$574.2K
Q2 20	$506.3K	$0	$506.3K
Q4 20	$531.6K	$0	$531.6K
Q2 21	$807.7K	$0	$807.7K
Q4 21	$799.1K	$0	$799.1K
Q2 22	$6M	$0	$6M
Q4 22	$4M	$0	$4M
Q2 23	$2M	$0	$2M
Q4 23	$6M	$0	$6M
Q2 24	$1M	$0	$1M
Q4 24	$3M	$0	$3M
Q2 25	$3M	$0	$3M
Q4 25	$106.6K	$0	$106.6K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 13	62M	-0.0%	+1.1%
Q2 14	62M	0.0%	+0.8%
Q4 14	62M	0.0%	+0.6%
Q2 15	62M	0.0%	-0.0%
Q4 19	62M	+0.6%	+0.6%
Q2 20	62M	+0.0%	+0.6%
Q4 20	62M	0.0%	+0.6%
Q2 21	62M	0.0%	+0.6%
Q4 21	62M	+0.1%	+0.1%
Q2 22	62M	+0.0%	+0.1%
Q4 22	62M	0.0%	+0.1%
Q2 23	62M	0.0%	+0.1%
Q2 24	62M	0.0%	+0.0%
Q4 24	62M	0.0%	0.0%
Q2 25	62M	0.0%	0.0%
Q4 25	62M	0.0%	0.0%

Shares Outstanding