MCI

MKT CAP:$366M

Barings Corporate Investors

Market Cap

$366M

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

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$17.55-$1.01 (-5.44%)

Apr 21, 2026

Company Details

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating ...

CEO

Clifford Michael Noreen

IPO Date

Mar 17, 1980

Website

www.babsoncapital.com/Strategies/Trusts/MCI/Default.aspx

Key Metrics TTM

Revenue

$41M

-1.3% YoY

Net Income

$32M

EPS (Diluted)

$1.58

Free Cash Flow

$13M

Revenue / Share

$2.01

Gross Margin

100.0%

Operating Margin

85.9%

Net Margin

77.9%

FCF Margin

31.0%

P/S

8.9x

P/E

11.4x

Earnings Reports

Q2 2025

Jun 30, 2025

$9M-10.9%EPS $0.33

Q1 2025

Mar 31, 2025

$9M-10.9%EPS $0.33

FY 2024

Dec 31, 2024

$43M+5.1%EPS $1.75

Q4 2024

Dec 31, 2024

$11M+10.9%EPS $0.46

Q3 2024

Sep 30, 2024

$11M+5.4%EPS $0.46

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$6M	$6M	$4M
Q4 21	$8M	$8M	$7M
Q1 22	$6M	$6M	$5M
Q2 22	$6M	$6M	$5M
Q3 22	$8M	$8M	$6M
Q4 22	$8M	$8M	$7M
Q1 23	$11M	$11M	$9M
Q2 23	$10M	$10M	$8M
Q3 23	$11M	$11M	$9M
Q4 23	$10M	$10M	$9M
Q1 24	$10M	$10M	$9M
Q2 24	$10M	$10M	$9M
Q3 24	$11M	$11M	$10M
Q4 24	$11M	$11M	$10M
Q1 25	$9M	$9M	$8M
Q2 25	$9M	$9M	$8M

Valuation

Quarter	P/S	P/E
Q3 21	12.9x	5.8x
Q4 21	14.2x	6.9x
Q1 22	14.1x	8.5x
Q2 22	13.8x	13.5x
Q3 22	12.8x	26.8x
Q4 22	12.8x	25.6x
Q1 23	11.0x	17.6x
Q2 23	10.1x	11.5x
Q3 23	9.3x	10.6x
Q4 23	8.9x	9.9x
Q1 24	8.9x	10.3x
Q2 24	8.8x	10.2x
Q3 24	8.7x	10.4x
Q4 24	8.4x	10.3x
Q1 25	8.7x	10.8x
Q2 25	8.9x	11.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$8M	$8M
Q4 21	-$324.7K	-$324.7K
Q1 22	-$6M	-$6M
Q2 22	$4M	$4M
Q3 22	$810.6K	$810.6K
Q4 22	$5M	$5M
Q1 23	$7M	$7M
Q2 23	$15M	$15M
Q3 23	-$371.0K	-$371.0K
Q4 23	$10M	$10M
Q1 24	$12M	$12M
Q2 24	$12M	$12M
Q3 24	$2M	$2M
Q4 24	$2M	$2M
Q1 25	$5M	$5M
Q2 25	$5M	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+4.1%	+30.1%
Q4 21	-23.0%	+27.6%
Q1 22	+3.8%	+5.0%
Q2 22	+9.9%	+0.5%
Q3 22	+35.2%	+11.9%
Q4 22	+0.9%	-6.6%
Q1 23	+75.2%	+6.0%
Q2 23	+48.9%	+12.6%
Q3 23	+38.4%	-4.9%
Q4 23	+22.0%	+7.9%
Q1 24	-2.6%	+5.2%
Q2 24	+7.0%	+1.6%
Q3 24	+5.4%	+3.4%
Q4 24	+10.9%	-0.8%
Q1 25	-10.9%	+1.2%
Q2 25	-10.9%	+1.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 21	$1M
Q4 21	$1M
Q1 22	$1M
Q2 22	$1M
Q3 22	$1M
Q4 22	$1M
Q1 23	$1M
Q2 23	$1M
Q3 23	$1M
Q4 23	$1M
Q1 24	$1M
Q2 24	$1M
Q3 24	$1M
Q4 24	$1M
Q1 25	$1M
Q2 25	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 21	$18M	$0	$18M
Q4 21	$21M	$0	$21M
Q1 22	$15M	$0	$15M
Q2 22	$13M	$0	$13M
Q3 22	$11M	$0	$11M
Q4 22	$13M	$0	$13M
Q1 23	$9M	$0	$9M
Q2 23	$17M	$0	$17M
Q3 23	$10M	$0	$10M
Q4 23	$15M	$0	$15M
Q1 24	$12M	$0	$12M
Q2 24	$12M	$0	$12M
Q3 24	$17M	$0	$17M
Q4 24	$17M	$0	$17M
Q1 25	$12M	$0	$12M
Q2 25	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	20M	0.0%	0.0%
Q4 21	20M	0.0%	0.0%
Q1 22	20M	0.0%	0.0%
Q2 22	20M	0.0%	0.0%
Q3 22	20M	0.0%	0.0%
Q4 22	20M	0.0%	0.0%
Q1 23	20M	0.0%	0.0%
Q2 23	20M	0.0%	0.0%
Q3 23	20M	0.0%	0.0%
Q4 23	20M	0.0%	0.0%
Q1 24	20M	+0.4%	+0.4%
Q2 24	20M	+0.0%	+0.4%
Q3 24	20M	+0.3%	+0.7%
Q4 24	20M	0.0%	+0.7%
Q1 25	20M	+0.3%	+0.7%
Q2 25	20M	0.0%	+0.7%

Shares Outstanding