NMFC (New Mountain Finance Corporation) Stock Financials & Earnings | Market Cap Arena

NMFC (New Mountain Finance Corporation) Stock Financials & Earnings | Market Cap Arena

NMFCNew Mountain Finance Corporation

Mkt Cap$811M

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

Revenue (TTM)$370M

Net Income (TTM)$16M

EPS (TTM)$0.14

Free Cash Flow (TTM)$214M

Gross Margin42.1%

Op. Margin21.3%

Net Margin4.5%

FCF Margin57.8%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)49.2x

YoY Rev Growth+12.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$93M	$46M	$45M
Q2 23	$98M	$37M	$36M
Q3 23	$99M	$29M	$28M
Q4 23	$52M	$31M	$29M
Q1 24	$79M	$30M	$29M
Q2 24	$63M	$37M	$35M
Q3 24	$95M	$27M	$25M
Q4 24	$93M	$30M	$28M
Q1 25	$123M	$25M	$24M
Q2 25	$97M	$8M	$8M
Q3 25	$81M	$67M	$44M
Q4 25	$69M	$56M	$3M

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	9.8x
Q2 23	2.3x	8.0x
Q3 23	2.1x	6.6x
Q4 23	2.4x	6.0x
Q1 24	2.5x	6.9x
Q2 24	2.8x	6.9x
Q3 24	2.8x	7.2x
Q4 24	2.5x	7.2x
Q1 25	2.2x	7.4x
Q2 25	2.0x	9.8x
Q3 25	2.1x	11.4x
Q4 25	2.2x	49.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$21M	$21M
Q2 23	$22M	$22M
Q3 23	$19M	$19M
Q4 23	$15M	$15M
Q1 24	$118M	$118M
Q2 24	-$30M	-$30M
Q3 24	-$17M	-$17M
Q4 24	$7M	$7M
Q1 25	$42M	$42M
Q2 25	$14M	$14M
Q3 25	$23M	$23M
Q4 25	$135M	$135M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+5.1%	-6.7%
Q2 23	+9.4%	-16.8%
Q3 23	+26.6%	+0.7%
Q4 23	-42.8%	-65.3%
Q1 24	-15.0%	+5.1%
Q2 24	-35.3%	-54.4%
Q3 24	-4.3%	-2.1%
Q4 24	+77.7%	+178.0%
Q1 25	+56.9%	+99.9%
Q2 25	+52.8%	+214.7%
Q3 25	-15.0%	-48.0%
Q4 25	-25.4%	+2.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
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%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$3M
Q2 23	$2M
Q3 23	$2M
Q4 23	$3M
Q1 24	$3M
Q2 24	$3M
Q3 24	$3M
Q4 24	$3M
Q1 25	$3M
Q2 25	$3M
Q3 25	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$46M	$0	$46M
Q2 23	$46M	$0	$46M
Q3 23	$83M	$0	$83M
Q4 23	$70M	$0	$70M
Q1 24	$107M	$0	$107M
Q2 24	$120M	$0	$120M
Q3 24	$62M	$0	$62M
Q4 24	$80M	$0	$80M
Q1 25	$85M	$0	$85M
Q2 25	$57M	$0	$57M
Q3 25	$64M	$0	$64M
Q4 25	$81M	$0	$81M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	124M	+3.4%
Q2 23	127M	+2.8%
Q3 23	123M	-3.0%
Q4 23	123M	+0.1%
Q1 24	122M	-0.7%
Q2 24	126M	+2.7%
Q3 24	127M	+0.8%
Q4 24	127M	+0.0%
Q1 25	127M	+0.1%
Q2 25	127M	-0.1%
Q3 25	125M	-1.3%
Q4 25	121M	-3.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	100
FY 15	$1M	100
FY 16	$2M	100
FY 17	$1M	130
FY 18	$2M	145
FY 19	$2M	160
FY 20	$2M	180
FY 21	$1M	190
FY 22	$2M	215
FY 23	$1M	245
FY 24	$1M	270
FY 25	$1M	305