New Mountain Finance Key Executives
This section highlights New Mountain Finance's key executives, including their titles and compensation details.
Find Contacts at New Mountain Finance
(Showing 0 of )
New Mountain Finance Earnings
This section highlights New Mountain Finance's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-02 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-27 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-03 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-09 | N/A | N/A |
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $50 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million and target investments up to a $125 million hold size. The fund seeks a majority stake in its portfolio companies.
$10.16
Stock Price
$1.10B
Market Cap
270
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for New Mountain Finance, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $123.78M | $374.84M | $89.09M | $203.65M | $59.99M |
| Cost of Revenue | $- | $- | $76.01M | $73.78M | $72.92M |
| Gross Profit | $123.78M | $374.84M | $13.08M | $129.86M | $-12.93M |
| Gross Profit Ratio | 100.00% | 100.00% | 14.68% | 63.77% | -21.56% |
| Research and Development Expenses | $- | $- | $0 | $1 | $0 |
| General and Administrative Expenses | $6.42M | $89.74M | $9.90M | $9.58M | $9.79M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $6.42M | $89.74M | $9.90M | $9.58M | $9.79M |
| Other Expenses | $- | $- | $-4.64M | $-13.35M | $-10.65M |
| Operating Expenses | $6.42M | $89.74M | $5.26M | $-3.77M | $-860.00K |
| Cost and Expenses | $6.42M | $89.74M | $5.26M | $-3.77M | $-860.00K |
| Interest Income | $276.14M | $290.78M | $212.19M | $189.58M | $212.63M |
| Interest Expense | $136.64M | $124.78M | $92.42M | $73.10M | $79.13M |
| Depreciation and Amortization | $- | $-285.10M | $170.80M | $-13.48M | $132.02M |
| EBITDA | $- | $- | $76.23M | $4.96M | $- |
| EBITDA Ratio | 0.00% | 0.00% | 85.57% | 2.43% | 0.00% |
| Operating Income | $116.88M | $285.10M | $176.66M | $201.63M | $57.48M |
| Operating Income Ratio | 94.42% | 76.06% | 198.29% | 99.01% | 95.83% |
| Total Other Income Expenses Net | $- | $-147.25M | $-205.54M | $10.34M | $57.76M |
| Income Before Tax | $116.88M | $137.85M | $83.83M | $207.41M | $60.85M |
| Income Before Tax Ratio | 94.42% | 36.78% | 94.09% | 101.85% | 101.43% |
| Income Tax Expense | $2.38M | $1.76M | $9.30M | $232.00K | $-991.00K |
| Net Income | $113.44M | $135.34M | $74.73M | $201.40M | $58.47M |
| Net Income Ratio | 91.65% | 36.11% | 83.88% | 98.90% | 97.48% |
| EPS | $0.00 | $1.52 | $0.86 | $2.17 | $0.70 |
| EPS Diluted | $0.00 | $1.24 | $0.74 | $1.91 | $0.70 |
| Weighted Average Shares Outstanding | 106.57B | 101.12B | 100.20B | 96.95B | 96.83B |
| Weighted Average Shares Outstanding Diluted | 125.46B | 123.49B | 115.43B | 110.21B | 96.83B |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.72M | $95.33M | $63.42M | $78.73M | $52.28M | $94.35M | $37.48M | $46.48M | $25.76M | $8.56M | $16.33M | $38.44M | $53.72M | $21.64M | $77.66M | $50.63M | $67.03M | $87.72M | $76.23M | $-171.00M |
| Cost of Revenue | $- | $20.61M | $21.15M | $20.45M | $19.78M | $21.48M | $-58.02M | $21.22M | $-135.65M | $19.68M | $19.49M | $18.91M | $18.64M | $18.73M | $18.25M | $18.16M | $- | $- | $- | $- |
| Gross Profit | $29.72M | $74.72M | $42.27M | $58.28M | $32.51M | $72.86M | $95.49M | $25.26M | $161.41M | $-11.13M | $-3.15M | $19.53M | $35.08M | $2.91M | $59.41M | $32.47M | $67.03M | $87.72M | $76.23M | $-171.00M |
| Gross Profit Ratio | 100.00% | 78.38% | 66.66% | 74.02% | 62.18% | 77.23% | 254.80% | 54.34% | 626.55% | -130.05% | -19.30% | 50.81% | 65.30% | 13.44% | 76.50% | 64.13% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.77M | $2.61M | $2.76M | $2.50M | $2.58M | $1.39M | $2.47M | $2.50M | $2.81M | $2.20M | $2.27M | $2.62M | $2.53M | $2.50M | $2.26M | $2.30M | $2.50M | $2.20M | $2.65M | $2.44M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.46M | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.77M | $2.61M | $2.76M | $2.50M | $2.58M | $1.39M | $2.47M | $2.50M | $2.81M | $2.20M | $2.27M | $2.62M | $2.53M | $2.50M | $2.26M | $2.30M | $2.50M | $2.20M | $2.65M | $2.44M |
| Other Expenses | $26.95M | $- | $-861.00K | $1.49M | $27.18M | $-18.27M | $-8.87M | $-1.06M | $-1.05M | $-1.11M | $-1.14M | $-1.33M | $-2.15M | $-3.75M | $-3.80M | $-3.64M | $-2.74M | $-3.93M | $-3.52M | $- |
| Operating Expenses | $29.72M | $26.69M | $1.90M | $-1.49M | $-27.18M | $1.39M | $1.37M | $1.44M | $1.76M | $1.09M | $1.12M | $1.29M | $375.00K | $-1.26M | $-1.54M | $-1.34M | $-578.00K | $-1.73M | $-868.00K | $2.32M |
| Cost and Expenses | $29.72M | $26.69M | $-4.71M | $18.97M | $-7.40M | $1.39M | $1.52M | $1.44M | $89.44M | $46.77M | $42.63M | $1.29M | $165.35M | $-1.26M | $-1.54M | $-1.34M | $9.08M | $-1.73M | $-868.00K | $499 |
| Interest Income | $67.31M | $72.84M | $68.37M | $67.62M | $71.06M | $74.04M | $74.44M | $71.23M | $55.19M | $58.78M | $50.34M | $47.88M | $47.70M | $47.79M | $47.08M | $47.01M | $48.85M | $49.65M | $52.60M | $61.64M |
| Interest Expense | $34.85M | $37.66M | $33.11M | $31.02M | $30.86M | $31.43M | $31.70M | $30.80M | $28.46M | $24.65M | $20.67M | $18.64M | $18.15M | $17.69M | $17.87M | $19.39M | $18.50M | $18.08M | $20.46M | $22.19M |
| Depreciation and Amortization | $- | $- | $-71.79M | $-68.57M | $-71.79M | $-71.47M | $-72.56M | $-69.28M | $-54.48M | $-57.44M | $-52.29M | $-48.64M | $-48.26M | $-48.33M | $-47.08M | $-48.38M | $-47.87M | $-47.24M | $-46.80M | $-53.50M |
| EBITDA | $- | $62.48M | $- | $- | $- | $-12.21M | $-4.79M | $6.52M | $-2.13M | $- | $-16.26M | $7.22M | $- | $-7.73M | $- | $- | $- | $- | $30.30M | $-377.03M |
| EBITDA Ratio | 0.00% | 65.54% | 0.00% | 0.00% | 0.00% | -12.94% | -12.77% | 14.02% | -8.26% | 0.00% | -99.53% | 18.78% | 0.00% | -35.71% | 0.00% | 0.00% | 0.00% | 0.00% | 39.74% | 220.48% |
| Operating Income | $- | $62.48M | $68.13M | $59.76M | $59.69M | $40.05M | $40.86M | $75.36M | $63.76M | $57.47M | $36.69M | $55.78M | $70.50M | $39.53M | $93.70M | $70.99M | $-73.58K | $106.13M | $96.08M | $73.58K |
| Operating Income Ratio | 0.00% | 65.54% | 107.43% | 75.91% | 114.16% | 42.45% | 109.03% | 162.14% | 247.50% | 671.61% | 224.66% | 145.12% | 131.23% | 182.68% | 120.67% | 140.21% | -0.11% | 120.99% | 126.03% | -0.04% |
| Total Other Income Expenses Net | $27.96M | $-37.43M | $-36.64M | $-39.85M | $-42.86M | $-43.69M | $-36.46M | $-24.24M | $-28.23M | $-49.97M | $-37.08M | $-11.50M | $5.08M | $-25.43M | $32.12M | $3.59M | $19.74M | $42.21M | $30.30M | $-915.00K |
| Income Before Tax | $27.96M | $25.05M | $35.15M | $28.72M | $28.93M | $40.05M | $36.10M | $45.04M | $24.00M | $7.47M | $15.21M | $37.14M | $53.35M | $22.90M | $79.20M | $51.97M | $67.61M | $89.45M | $77.10M | $-173.32M |
| Income Before Tax Ratio | 94.07% | 26.28% | 55.42% | 36.48% | 55.33% | 42.45% | 96.34% | 96.91% | 93.18% | 87.31% | 93.11% | 96.64% | 99.30% | 105.81% | 101.99% | 102.65% | 100.86% | 101.98% | 101.14% | 101.36% |
| Income Tax Expense | $219.00K | $1.16M | $364.00K | $638.00K | $1.43M | $-627.00K | $1.03M | $227.00K | $9.18M | $-43.00K | $68.00K | $97.00K | $103.00K | $-9.00K | $22.00K | $116.00K | $-329.00K | $-134.00K | $370.00K | $-898.00K |
| Net Income | $27.68M | $23.89M | $34.47M | $27.41M | $27.24M | $40.67M | $34.83M | $44.57M | $14.88M | $7.71M | $15.95M | $36.19M | $52.25M | $21.85M | $75.81M | $51.49M | $66.16M | $88.19M | $76.48M | $-172.36M |
| Net Income Ratio | 93.11% | 25.06% | 54.35% | 34.81% | 52.11% | 43.11% | 92.94% | 95.90% | 57.76% | 90.04% | 97.68% | 94.16% | 97.26% | 100.96% | 97.63% | 101.70% | 98.70% | 100.53% | 100.32% | 100.79% |
| EPS | $0.30 | $0.26 | $0.36 | $0.30 | $0.27 | $0.33 | $0.40 | $0.49 | $0.15 | $0.07 | $0.14 | $0.32 | $0.54 | $0.23 | $0.78 | $0.53 | $0.68 | $0.91 | $0.79 | $-1.76 |
| EPS Diluted | $0.25 | $0.22 | $0.31 | $0.26 | $0.23 | $0.27 | $0.32 | $0.40 | $0.15 | $0.07 | $0.14 | $0.32 | $0.47 | $0.20 | $0.69 | $0.47 | $0.68 | $0.80 | $0.69 | $-1.54 |
| Weighted Average Shares Outstanding | 106.57B | 107.85B | 106.89B | 103.66B | 101.82B | 100.95B | 100.94B | 100.94B | 100.94B | 114.09B | 113.85B | 111.67B | 96.91B | 96.91B | 96.83B | 96.83B | 96.83B | 96.83B | 96.83B | 96.83B |
| Weighted Average Shares Outstanding Diluted | 125.46B | 126.78B | 125.76B | 122.44B | 119.32B | 123.18B | 127.02B | 123.59B | 100.94B | 114.09B | 113.85B | 111.67B | 110.16B | 110.16B | 110.09B | 110.08B | 96.83B | 110.08B | 110.08B | 110.08B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $80.32M | $70.09M | $71.19M | $58.08M | $78.97M |
| Short Term Investments | $- | $- | $2.40B | $- | $- |
| Cash and Short Term Investments | $80.32M | $70.09M | $2.47B | $58.08M | $78.97M |
| Net Receivables | $42.59M | $44.19M | $36.15M | $30.87M | $37.55M |
| Inventory | $- | $- | $1 | $- | $- |
| Other Current Assets | $- | $- | $16.54M | $- | $- |
| Total Current Assets | $122.70M | $114.28M | $2.51B | $88.94M | $116.51M |
| Property Plant Equipment Net | $- | $- | $- | $- | $-101.00K |
| Goodwill | $- | $594.00K | $- | $- | $101.00K |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $594.00K | $- | $- | $101.00K |
| Long Term Investments | $3.09B | $3.01B | $3.22B | $3.17B | $2.95B |
| Tax Assets | $- | $- | $3.35B | $3.30B | $101.00K |
| Other Non-Current Assets | $-3.09B | $16.52M | $-5.76B | $-3.30B | $-101.00K |
| Total Non-Current Assets | $3.09B | $3.03B | $820.82M | $3.17B | $2.95B |
| Other Assets | $32.98M | $16.50M | $26.34M | $32.50M | $27.50M |
| Total Assets | $3.25B | $3.16B | $3.35B | $3.30B | $3.10B |
| Account Payables | $20.34M | $20.44M | $19.63M | $25.30M | $8.20M |
| Short Term Debt | $260.09M | $119.35M | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-176.12M | $-159.09M |
| Other Current Liabilities | $-280.43M | $18.67M | $16.90M | $-25.30M | $-8.20M |
| Total Current Liabilities | $299.52M | $158.46M | $316.85M | $25.30M | $42.43M |
| Long Term Debt | $300.00M | $1.67B | $1.98B | $1.91B | $1.80B |
| Deferred Revenue Non-Current | $- | $- | $2.03B | $1.91B | $1.86B |
| Deferred Tax Liabilities Non-Current | $1.41M | $- | $8.49M | $13.00K | $-63.04M |
| Other Non-Current Liabilities | $1.33B | $2.98M | $-277.26M | $-1.91B | $-1.80B |
| Total Non-Current Liabilities | $1.63B | $1.67B | $1.71B | $1.91B | $1.80B |
| Other Liabilities | $-39.43M | $- | $- | $20.71M | $20.61M |
| Total Liabilities | $1.89B | $1.83B | $2.03B | $1.95B | $1.86B |
| Preferred Stock | $- | $- | $140.07M | $70.86M | $154.75M |
| Common Stock | $1.08M | $1.03M | $1.01M | $979.00K | $968.00K |
| Retained Earnings | $-13.59M | $-12.34M | $7.52M | $47.47M | $-48.76M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-140.07M | $-70.86M | $-154.75M |
| Other Total Stockholders Equity | $1.37B | $1.33B | $1.31B | $1.27B | $1.27B |
| Total Stockholders Equity | $1.36B | $1.32B | $1.31B | $1.32B | $1.22B |
| Total Equity | $1.37B | $1.33B | $1.33B | $1.34B | $1.24B |
| Total Liabilities and Stockholders Equity | $3.25B | $3.16B | $3.35B | $3.30B | $3.10B |
| Minority Interest | $5.95M | $11.77M | $11.72M | $21.37M | $15.01M |
| Total Liabilities and Total Equity | $3.25B | $3.16B | $3.35B | $3.30B | $3.10B |
| Total Investments | $3.09B | $3.01B | $3.22B | $3.17B | $2.95B |
| Total Debt | $560.09M | $1.79B | $1.98B | $1.91B | $1.80B |
| Net Debt | $479.77M | $1.72B | $1.91B | $1.85B | $1.72B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $80.32B | $61.94M | $119.61M | $107.47M | $70.09M | $83.27M | $45.93M | $46.40M | $71.19M | $48.92M | $40.71M | $35.38M | $58.08M | $83.36M | $27.81M | $47.30M | $78.97M | $68.66M | $56.16M | $22.11M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $2.40B | $2.38B | $2.46B | $- | $2.28B | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $80.32B | $61.94M | $119.61M | $107.47M | $70.09M | $83.27M | $45.93M | $46.40M | $2.47B | $2.42B | $2.50B | $35.38M | $2.34B | $83.36M | $27.81M | $47.30M | $78.97M | $68.66M | $56.16M | $22.11M |
| Net Receivables | $42.38B | $46.04M | $48.23M | $44.18M | $44.19M | $45.60M | $41.21M | $34.38M | $36.15M | $33.90M | $33.83M | $34.76M | $30.87M | $41.76M | $32.29M | $32.93M | $37.55M | $38.57M | $33.61M | $64.16M |
| Inventory | $- | $- | $- | $1 | $1 | $1 | $- | $1 | $1 | $1 | $1 | $- | $88.94M | $- | $- | $1 | $-58.97M | $-26.43M | $1 | $1 |
| Other Current Assets | $- | $- | $- | $17.46M | $16.50M | $- | $- | $- | $16.54M | $19.40M | $19.40M | $- | $21.42M | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $122.70B | $107.99M | $167.68M | $168.15M | $130.78M | $128.87M | $86.46M | $80.69M | $2.51B | $2.46B | $2.53B | $70.14M | $2.37B | $116.13M | $60.10M | $80.23M | $78.97M | $102.23M | $89.51M | $22.11M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $3.09B | $3.27B | $3.21B | $3.09B | $3.03B | $3.11B | $3.18B | $3.27B | $3.22B | $3.23B | $3.30B | $3.26B | $3.17B | $3.01B | $3.09B | $3.02B | $2.95B | $2.90B | $2.83B | $2.99B |
| Tax Assets | $- | $- | $- | $68.00K | $594.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-3.27B | $-3.19B | $909.00K | $-3.03B | $-3.11B | $-3.18B | $-3.27B | $-2.40B | $-2.38B | $-3.30B | $-3.26B | $-3.17B | $-3.01B | $-3.09B | $-3.02B | $65.05M | $-2.90B | $-2.83B | $-2.99B |
| Total Non-Current Assets | $3.09B | $3.27B | $28.51M | $3.09B | $3.03B | $3.11B | $3.18B | $3.27B | $820.82M | $858.65M | $3.30B | $3.26B | $3.17B | $3.01B | $3.09B | $3.02B | $3.02B | $2.90B | $2.83B | $2.99B |
| Other Assets | $3.12T | $32.68M | $3.23B | $- | $- | $38.82M | $31.06M | $27.92M | $26.34M | $30.74M | $-2.43B | $34.74M | $-2.25B | $40.33M | $31.07M | $29.50M | $- | $33.64M | $27.59M | $90.11M |
| Total Assets | $3.25T | $3.41B | $3.42B | $3.26B | $3.16B | $3.28B | $3.30B | $3.38B | $3.35B | $3.35B | $3.40B | $3.36B | $3.30B | $3.17B | $3.18B | $3.13B | $3.10B | $3.03B | $2.94B | $3.10B |
| Account Payables | $20.34M | $28.86M | $75.79M | $74.59M | $20.44M | $27.88M | $23.69M | $20.57M | $19.63M | $12.21M | $18.45M | $12.20M | $25.30M | $34.19M | $32.46M | $72.69M | $42.43M | $10.14M | $18.11M | $10.96M |
| Short Term Debt | $260.09B | $- | $40.40M | $40.40M | $119.40M | $116.50M | $233.30M | $166.80M | $- | $344.27M | $197.90M | $- | $- | $60.84M | $- | $- | $- | $90.00M | $90.00M | $201.60M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-75.79M | $-40.40M | $98.96M | $- | $- | $- | $- | $- | $- | $-189.19M | $- | $- | $- | $- | $- | $- | $- | $-201.60M |
| Other Current Liabilities | $-20.34M | $19.55M | $143.96M | $62.08M | $18.62M | $20.49M | $20.56M | $189.77M | $16.90M | $19.30M | $-216.35M | $-12.20M | $-25.30M | $-95.03M | $-32.46M | $-72.69M | $-42.43M | $-100.14M | $-108.11M | $-212.56M |
| Total Current Liabilities | $260.09B | $48.41M | $260.15M | $136.63M | $119.40M | $260.24M | $377.10M | $377.13M | $316.85M | $201.34M | $201.37M | $12.20M | $201.42M | $201.44M | $201.47M | $201.49M | $201.52M | $201.54M | $201.57M | $912.00M |
| Long Term Debt | $300.00B | $- | $- | $1.71B | $1.67B | $1.89B | $1.91B | $1.99B | $1.98B | $1.96B | $1.80B | $1.78B | $1.91B | $1.75B | $1.82B | $1.75B | $1.80B | $1.70B | $1.64B | $1.96B |
| Deferred Revenue Non-Current | $- | $- | $-219.75M | $- | $- | $-1.59B | $-1.61B | $- | $- | $- | $- | $-1.49B | $-3.06B | $-1.36B | $-1.37B | $-1.36B | $- | $-1.33B | $-1.31B | $-1.96B |
| Deferred Tax Liabilities Non-Current | $1.41B | $1.10M | $63.00K | $- | $- | $2.79M | $3.08M | $2.99M | $8.49M | $140.00K | $169.00K | $14.00K | $13.00K | $13.00K | $13.00K | $14.00K | $- | $134.00K | $391.00K | $14.00K |
| Other Non-Current Liabilities | $1.33T | $1.49B | $1.78B | $3.16M | $-98.81M | $-209.29M | $-329.46M | $-333.75M | $-277.26M | $-163.32M | $-1.80B | $-1.78B | $-1.91B | $-1.75B | $-1.82B | $-1.75B | $-1.80B | $-1.70B | $-1.64B | $-1.96B |
| Total Non-Current Liabilities | $1.63T | $1.49B | $1.78B | $1.75B | $1.71B | $1.68B | $1.58B | $1.66B | $1.71B | $1.80B | $2.00B | $1.94B | $300.01M | $1.81B | $1.82B | $1.75B | $1.80B | $1.79B | $1.73B | $1.11B |
| Other Liabilities | $- | $511.71M | $- | $- | $- | $- | $- | $- | $- | $- | $-161.30M | $39.28M | $1.45B | $-146.78M | $-149.08M | $-88.84M | $-138.48M | $-154.45M | $-126.10M | $-11.25M |
| Total Liabilities | $1.89T | $2.05B | $2.04B | $1.89B | $1.83B | $1.94B | $1.96B | $2.04B | $2.03B | $2.00B | $2.04B | $1.99B | $1.95B | $1.86B | $1.87B | $1.87B | $1.86B | $1.84B | $1.81B | $2.01B |
| Preferred Stock | $- | $- | $13.00M | $- | $- | $150.21M | $138.46M | $133.61M | $140.07M | $104.50M | $79.68M | $64.24M | $70.86M | $93.45M | $84.96M | $131.92M | $- | $0 | $- | $- |
| Common Stock | $1.08M | $1.08M | $1.08M | $1.06M | $1.03M | $1.01M | $1.01M | $1.01M | $1.01M | $1.01M | $1.01M | $995.00K | $979.00K | $969.00K | $969.00K | $968.00K | $968.00K | $968.00K | $968.00K | $968.00K |
| Retained Earnings | $-13.59M | $149.86M | $151.00M | $149.47M | $150.41M | $11.65M | $19.29M | $19.79M | $7.52M | $17.24M | $39.81M | $54.07M | $47.47M | $13.22M | $20.44M | $-26.32M | $-48.76M | $-104.06M | $-163.20M | $-210.63M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-176.40M | $-172.67M | $-162.75M | $-150.21M | $-138.46M | $-133.61M | $-140.07M | $-104.50M | $-79.68M | $-64.24M | $-70.86M | $-93.45M | $-84.96M | $-131.92M | $-0 | $-0 | $-163.00M | $-211.00M |
| Other Total Stockholders Equity | $1.36T | $1.21B | $1.22B | $1.21B | $1.17B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.31B | $1.29B | $1.27B | $1.27B | $1.27B | $1.27B | $1.27B | $1.29B | $1.29B | $1.29B |
| Total Stockholders Equity | $1.36T | $1.36B | $1.37B | $1.36B | $1.32B | $1.33B | $1.33B | $1.33B | $1.31B | $1.33B | $1.35B | $1.35B | $1.32B | $1.28B | $1.29B | $1.24B | $1.22B | $1.18B | $1.13B | $1.08B |
| Total Equity | $1.36T | $1.37B | $1.39B | $1.37B | $1.33B | $1.34B | $1.34B | $1.34B | $1.33B | $1.35B | $1.37B | $1.37B | $1.34B | $1.30B | $1.31B | $1.26B | $1.24B | $1.20B | $1.14B | $1.09B |
| Total Liabilities and Stockholders Equity | $3.25T | $3.41B | $3.42B | $3.26B | $3.16B | $3.28B | $3.30B | $3.38B | $3.35B | $3.35B | $3.40B | $3.36B | $3.30B | $3.17B | $3.18B | $3.13B | $3.10B | $3.03B | $2.94B | $3.10B |
| Minority Interest | $5.95M | $6.28M | $12.40M | $12.25M | $11.77M | $11.68M | $11.86M | $11.80M | $11.72M | $13.14M | $13.59M | $18.47M | $21.37M | $20.05M | $18.96M | $18.48M | $15.01M | $12.40M | $11.24M | $11.25M |
| Total Liabilities and Total Equity | $3.25T | $3.41B | $3.42B | $3.26B | $3.16B | $3.28B | $3.30B | $3.38B | $3.35B | $3.35B | $3.40B | $3.36B | $3.30B | $3.17B | $3.18B | $3.13B | $3.10B | $3.03B | $2.94B | $3.10B |
| Total Investments | $3.09B | $3.27B | $3.21B | $3.09B | $3.03B | $3.11B | $3.18B | $3.27B | $3.22B | $3.23B | $5.76B | $3.26B | $5.46B | $3.01B | $3.09B | $3.02B | $2.95B | $2.90B | $2.83B | $2.99B |
| Total Debt | $560.09B | $560.12M | $1.94B | $1.75B | $1.79B | $1.89B | $1.91B | $1.99B | $1.98B | $1.96B | $2.00B | $1.94B | $1.91B | $1.81B | $1.82B | $1.75B | $1.80B | $1.79B | $1.73B | $1.96B |
| Net Debt | $479.77B | $-61.94M | $1.82B | $1.64B | $1.72B | $1.81B | $1.86B | $1.95B | $1.91B | $1.92B | $1.96B | $1.91B | $1.85B | $1.73B | $1.79B | $1.71B | $1.72B | $1.72B | $1.68B | $1.94B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $135.34M | $74.53M | $207.18M | $61.84M |
| Depreciation and Amortization | $-15.79M | $- | $84.00M | $-92.49M | $53.62M |
| Deferred Income Tax | $594.00K | $- | $8.47M | $101.00K | $-101.00K |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $824.00K | $-21.38M | $-2.05M | $-15.38M | $16.30M |
| Accounts Receivables | $1.66M | $- | $-5.26M | $6.68M | $-5.47M |
| Inventory | $- | $- | $8.47M | $114.00K | $-12.33M |
| Accounts Payables | $- | $- | $-9.23M | $-19.35M | $25.09M |
| Other Working Capital | $-833.00K | $-21.38M | $3.97M | $-2.83M | $9.01M |
| Other Non Cash Items | $56.37M | $218.76M | $-129.95M | $-213.86M | $222.93M |
| Net Cash Provided by Operating Activities | $42.00M | $332.73M | $35.01M | $-22.06M | $301.06M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-806.33M | $-283.66M | $-616.00M | $-1.15B | $-419.06M |
| Sales Maturities of Investments | $780.10M | $540.46M | $583.84M | $1.07B | $641.78M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-32.16M | $-86.94M | $222.71M |
| Debt Repayment | $61.17M | $-191.40M | $73.66M | $112.86M | $-149.91M |
| Common Stock Issued | $67.69M | $21.24M | $40.01M | $12.43M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-147.19M | $-150.74M | $-121.29M | $-114.22M | $-120.07M |
| Other Financing Activities | $-13.03M | $-12.99M | $-13.88M | $-9.86M | $-416.00K |
| Net Cash Used Provided by Financing Activities | $-31.36M | $-333.88M | $-21.50M | $1.20M | $-270.67M |
| Effect of Forex Changes on Cash | $-409.00K | $55.00K | $-391.00K | $-32.00K | $-222.71M |
| Net Change in Cash | $10.23M | $-1.10M | $13.11M | $-20.89M | $30.39M |
| Cash at End of Period | $80.32M | $70.09M | $71.19M | $58.08M | $78.97M |
| Cash at Beginning of Period | $70.09M | $71.19M | $58.08M | $78.97M | $48.57M |
| Operating Cash Flow | $42.00M | $332.73M | $35.01M | $-22.06M | $301.06M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $42.00M | $332.73M | $35.01M | $-22.06M | $301.06M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $27.74M | $23.89M | $34.47M | $27.41M | $27.24M | $28.70M | $35.08M | $44.81M | $14.83M | $7.51M | $15.14M | $37.05M | $53.24M | $22.91M | $79.18M | $51.85M | $67.94M | $89.59M | $76.73M | $-172.42M |
| Depreciation and Amortization | $- | $- | $2.02M | $-6.00K | $-4.58M | $- | $- | $-5.87M | $-26.21M | $67.56M | $42.66M | $9.91M | $-92.39M | $- | $- | $-33.50M | $-151.12M | $- | $- | $204.74M |
| Deferred Income Tax | $- | $67.00K | $- | $527.00K | $-3.38M | $-627.00K | $932.00K | $-5.50M | $8.19M | $127.00K | $156.00K | $1.00K | $101.00K | $- | $-1.00K | $101.00K | $797.00K | $- | $- | $-898.00K |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-5.45M | $-34.68M | $-56.31M | $96.61M | $-1.93M | $-9.63M | $-5.01M | $-1.41M | $9.13M | $-2.58M | $-5.91M | $-2.70M | $806.00K | $-7.30M | $-64.14M | $55.26M | $19.02M | $-34.87M | $54.66M | $-22.51M |
| Accounts Receivables | $3.52M | $2.17M | $-4.06M | $21.00K | $1.44M | $-4.38M | $-6.82M | $1.77M | $-2.21M | $-71.00K | $913.00K | $-3.89M | $10.89M | $-9.47M | $637.00K | $4.62M | $850.00K | $-4.71M | $30.27M | $-850.00K |
| Inventory | $- | $- | $- | $- | $5.70M | $-290.00K | $92.00K | $-5.50M | $8.35M | $-29.00K | $155.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $-42.90M | $-40.81M | $94.96M | $-6.75M | $-29.00K | $5.28M | $3.27M | $-2.18M | $-271.00K | $-19.49M | $12.71M | $-16.49M | $9.25M | $-65.83M | $53.72M | $- | $- | $- | $- |
| Other Working Capital | $-8.97M | $6.04M | $-11.44M | $1.63M | $3.38M | $-4.94M | $-3.56M | $-959.00K | $5.18M | $-2.21M | $12.51M | $-11.51M | $806.00K | $-7.08M | $1.05M | $-3.20M | $18.17M | $-26.00M | $245.93M | $-21.66M |
| Other Non Cash Items | $172.89M | $-50.86M | $36.23M | $-101.70M | $-7.28M | $68.67M | $92.44M | $-35.53M | $37.91M | $-2.37M | $-85.97M | $-79.52M | $-15.21M | $78.44M | $-68.68M | $-278.00K | $15.73M | $-68.98M | $166.02M | $2.09M |
| Net Cash Provided by Operating Activities | $195.18M | $-61.58M | $-30.48M | $117.83M | $14.65M | $87.11M | $123.44M | $-3.50M | $43.85M | $70.25M | $-33.93M | $-45.17M | $-106.75M | $94.04M | $-53.64M | $44.29M | $31.44M | $-14.26M | $297.41M | $-13.53M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-142.40M | $-438.12M | $-192.40M | $-143.09M | $-15.87M | $-30.35M | $-94.35M | $302.77M | $-524.72M | $-394.05M | $-150.74M | $-1.13B | $-469.65M | $-76.53M | $-186.96M | $-246.14M | $- | $- | $-172.92M |
| Sales Maturities of Investments | $- | $103.16M | $309.07M | $145.47M | $257.72M | $80.50M | $134.59M | $67.65M | $-175.43M | $466.52M | $292.75M | $93.30M | $1.07B | $546.70M | $71.85M | $197.67M | $641.78M | $- | $- | $178.72M |
| Other Investing Activities | $- | $-1 | $- | $- | $96.50M | $-48.29M | $-48.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-172.92M | $- | $- | $-1.78M |
| Net Cash Used for Investing Activities | $- | $- | $-129.05M | $-46.92M | $114.62M | $16.34M | $56.03M | $-26.70M | $127.34M | $-58.21M | $-101.30M | $-57.44M | $-68.01M | $77.04M | $-4.68M | $10.71M | $222.71M | $- | $- | $4.02M |
| Debt Repayment | $-139.40M | $47.55M | $189.21M | $-36.19M | $-96.06M | $-19.58M | $-88.09M | $-18.50M | $15.72M | $-34.01M | $57.60M | $34.35M | $97.00M | $-9.39M | $68.50M | $-43.25M | $8.00M | $58.00M | $-234.00M | $-12.82M |
| Common Stock Issued | $-1.00K | $-67.51M | $19.77M | $47.92M | $14.62M | $6.62M | $- | $- | $-72.00K | $2.96M | $16.58M | $20.47M | $12.22M | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-35.59M | $-36.67M | $-36.67M | $-38.27M | $-46.77M | $-36.34M | $-35.33M | $-32.30M | $-32.30M | $-30.28M | $-30.21M | $-28.49M | $-28.11M | $-29.07M | $-28.00M | $-29.05M | $-29.05M | $-29.05M | $-29.05M | $-32.92M |
| Other Financing Activities | $-1.33M | $-12.49M | $19.20M | $-4.27M | $-10.70M | $-424.00K | $-505.00K | $29.50M | $-4.96M | $-484.00K | $-4.65M | $-3.79M | $12.71M | $-131.00K | $-6.36M | $-3.66M | $-14.00K | $-2.19M | $8.33M | $32.80M |
| Net Cash Used Provided by Financing Activities | $-176.32M | $-1.61M | $171.40M | $-33.43M | $-142.50M | $-49.72M | $-123.93M | $-21.32M | $-21.55M | $-61.82M | $39.32M | $22.55M | $81.61M | $-38.59M | $34.15M | $-75.96M | $-21.14M | $26.76M | $-263.35M | $-12.93M |
| Effect of Forex Changes on Cash | $-481.00K | $-108.00K | $279.00K | $-99.00K | $54.00K | $-51.00K | $15.00K | $37.00K | $-37.00K | $-221.00K | $-55.00K | $-78.00K | $-138.00K | $106.00K | $- | $-10.71M | $-222.71M | $- | $- | $-4.02M |
| Net Change in Cash | $18.38M | $-57.66M | $12.14M | $37.38M | $-13.18M | $37.34M | $-469.00K | $-24.79M | $22.27M | $8.21M | $5.34M | $-22.70M | $-25.28M | $55.55M | $-19.49M | $-31.67M | $10.30M | $12.50M | $34.05M | $-26.47M |
| Cash at End of Period | $80.32M | $61.94M | $119.61M | $107.47M | $70.09M | $83.27M | $45.93M | $46.40M | $71.19M | $48.92M | $40.71M | $35.38M | $58.08M | $83.36M | $27.81M | $47.30M | $78.97M | $68.66M | $56.16M | $22.11M |
| Cash at Beginning of Period | $61.94M | $119.61M | $107.47M | $70.09M | $83.27M | $45.93M | $46.40M | $71.19M | $48.92M | $40.71M | $35.38M | $58.08M | $83.36M | $27.81M | $47.30M | $78.97M | $68.66M | $56.16M | $22.11M | $48.57M |
| Operating Cash Flow | $195.18M | $-61.58M | $-30.48M | $117.83M | $14.65M | $87.11M | $123.44M | $-3.50M | $43.85M | $70.25M | $-33.93M | $-45.17M | $-106.75M | $94.04M | $-53.64M | $44.29M | $31.44M | $-14.26M | $297.41M | $-13.53M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $195.18M | $-61.58M | $-30.48M | $117.83M | $14.65M | $87.11M | $123.44M | $-3.50M | $43.85M | $70.25M | $-33.93M | $-45.17M | $-106.75M | $94.04M | $-53.64M | $44.29M | $31.44M | $-14.26M | $297.41M | $-13.53M |
New Mountain Finance Dividends
Explore New Mountain Finance's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.01%
Dividend Payout Ratio
129.75%
Dividend Paid & Capex Coverage Ratio
0.29x
New Mountain Finance Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.32 | $0.32 | March 17, 2025 | March 17, 2025 | March 31, 2025 | February 26, 2025 |
| $0.33 | $0.33 | December 17, 2024 | December 17, 2024 | December 31, 2024 | October 30, 2024 |
| $0.34 | $0.34 | September 16, 2024 | September 16, 2024 | September 30, 2024 | July 31, 2024 |
| $0.34 | $0.34 | June 14, 2024 | June 14, 2024 | June 28, 2024 | May 01, 2024 |
| $0.36 | $0.36 | March 14, 2024 | March 15, 2024 | March 29, 2024 | January 30, 2024 |
| $0.1 | $0.1 | December 21, 2023 | December 22, 2023 | December 29, 2023 | December 13, 2023 |
| $0.36 | $0.36 | December 14, 2023 | December 15, 2023 | December 29, 2023 | November 02, 2023 |
| $0.36 | $0.36 | September 14, 2023 | September 15, 2023 | September 29, 2023 | July 27, 2023 |
| $0.35 | $0.35 | June 15, 2023 | June 16, 2023 | June 30, 2023 | May 08, 2023 |
| $0.32 | $0.32 | March 16, 2023 | March 17, 2023 | March 31, 2023 | February 27, 2023 |
| $0.32 | $0.32 | December 15, 2022 | December 16, 2022 | December 30, 2022 | November 02, 2022 |
| $0.3 | $0.3 | September 15, 2022 | September 16, 2022 | September 30, 2022 | August 08, 2022 |
| $0.3 | $0.3 | June 15, 2022 | June 16, 2022 | June 30, 2022 | May 03, 2022 |
| $0.3 | $0.3 | March 16, 2022 | March 17, 2022 | March 31, 2022 | February 23, 2022 |
| $0.3 | $0.3 | December 15, 2021 | December 16, 2021 | December 30, 2021 | November 03, 2021 |
| $0.3 | $0.3 | September 15, 2021 | September 16, 2021 | September 30, 2021 | August 04, 2021 |
| $0.3 | $0.3 | June 15, 2021 | June 16, 2021 | June 30, 2021 | May 05, 2021 |
| $0.3 | $0.3 | March 16, 2021 | March 17, 2021 | March 31, 2021 | February 24, 2021 |
| $0.3 | $0.3 | December 15, 2020 | December 16, 2020 | December 30, 2020 | November 04, 2020 |
| $0.3 | $0.3 | September 15, 2020 | September 16, 2020 | September 30, 2020 | August 05, 2020 |
New Mountain Finance News
Read the latest news about New Mountain Finance, including recent articles, headlines, and updates.
New Mountain Finance: A 14% Yield That Is Worth Picking Up (Rating Upgrade)
New Mountain Finance Corporation's stock has dropped 19% since January 1, 2025, creating a buying opportunity due to a significant discount to net asset value. Despite a 100% dividend pay-out ratio in Q4, the valuation now offers a high margin of safety for passive income investors. The BDC's portfolio is focused on highly collateralized Senior loans, maintaining stable non-accruals and a moderate decrease in portfolio income.
New Mountain Finance Corporation Schedules its First Quarter 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, May 6, 2025. During the live conference call, the Company's officers will review the first quarter performance, discuss recent events and conduct a que.
Yield Hunting Part 14: New Mountain Finance's Baby Bond And Its 6.5% Yield To Worst
We present low-duration BDC bonds, highlighting NMFCZ with an 8.16% yield to maturity, 3.66 years to maturity, and a Baa3 credit rating. NMFCZ offers higher yields compared to top-tier BDCs, despite lower credit quality, making it a safer investment option among exchange-traded baby bonds. NMFC's Baa3 rating reflects its 14-year history, credit expertise, low duration, lower first-lien investments and higher non-accrual investments.
New Mountain Finance: Not The BDC For Me, Strong Sell
Adding Business Development Company assets post-Covid became crucial; I currently hold Ares Capital and Hercules Capital for their high yields and positive returns. New Mountain Finance specializes in defensive growth industries, but its EPS for 2024 is 30% less than in 2017. NMFC's dividends haven't grown over the past decade, and its Book Value has decreased, earning it a Strong Sell rating.
New Mountain Finance Corporation (NMFC) Q4 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Operator Good day, and welcome to the New Mountain Finance Corporation's Fourth Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
New Mountain Finance Corporation Announces December 31, 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter and year ended December 31, 2024. Fourth Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.55 per share compared to $12.62 per share as of September 30, 2024 Sustained strong credit performance with approximately 97% of the portfoli.
New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter and year ended December 31, 2024 on Wednesday, February 26, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, February 27, 2025. During the live conference call, the Company's officers will review the fourth quarter and year ended December.
New Mountain Finance: Lack Of Investment Diversity Hurts Potential
NMFC's high dividend yield is attractive, but declining earnings and portfolio vulnerabilities raise concerns about sustainability and overall attractiveness. NMFC's portfolio lacks industry diversity, making it more vulnerable to sector-specific downturns, despite having a significant portion in senior secured debt. The current discount to NAV and potential interest rate cuts may offer a favorable entry point, but caution is advised due to ongoing risks.
BDC Weekly Review: BDCs Have Overcome The August Dip
We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
New Mountain Finance: Time To Worry About The Dividend? (Downgrade)
New Mountain Finance lowered its supplemental dividend to $0.01 per share and paused the program due to falling net investment income. The dividend pay-out ratio rose to 97%, increasing the risk of a future dividend cut in a falling-rate environment. The stock is now rated 'Hold' due to the narrower margin of safety and anticipated lower net investment income.
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
New Mountain Finance Corporation (NMFC) Q3 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Paul Johnston - KBW Bryce Rowe - B. Riley Operator Good morning.
New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that on October 23, 2024, the Company's board of directors authorized an extension of a previously established stock repurchase program (the “Repurchase Program”). Pursuant to the Repurchase Program, the Company can repurchase up to $50 million worth of its common stock at the discretion of NMFC's management team. The Repurchase Program was set to expire on December 31, 2024, but.
New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended September 30, 2024 on Wednesday October 30, 2024 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Thursday, October 31, 2024. During the live conference call, the Company's officers will review the third quarter performance, discuss recent events.
New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.200% unsecured notes due 2027 (the “Notes”). The Notes will mature on October 15, 2027, and may be redeemed in whole or in part at the Company's option at any time prior to October 15, 2027, at par plus a “make-whole” premium plus accrued interest. The Notes will bear.
New Mountain Finance: You Can Get A 10% Yield Now
New Mountain Finance Corporation covered its $0.32 per share base dividend with adjusted net investment income and paid a $0.02 supplemental dividend in Q2. The company announced a reduction in its base management fee from 1.40% to 1.25%, enhancing its margin of safety. NMFC stock is trading at a 3% discount to its net asset value, presenting a compelling risk-reward opportunity for passive income investors.
New Mountain Finance Corporation (NMFC) Q2 2024 Earnings Call Transcript
New Mountain Finance Corporation (NASDAQ:NMFC ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants John Kline - President, CEO & Director Kris Corbett - CFO & Treasurer Steven Klinsky - Chairman Laura Holson - COO Conference Call Participants Finian O'Shea - Wells Fargo Bryce Rowe - B. Riley Securities Robert Dodd - Raymond James Paul Johnston - KBW Operator Good day, and welcome to the New Mountain Finance Corporation Second Quarter 2024 Earnings Call.
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended June 30, 2024. Second Quarter Highlights1 Net investment income of $38.2 million, or $0.36 per weighted average share Net asset value of $12.74 per share compared to $12.77 per share as of March 31, 2024 Plan to permanently reduce base management fee to 1.25% Amending and extending the dividend protection.
New Mountain Finance: Strong 10% Yielding BDC Value Proposition (Rating Upgrade)
New Mountain Finance Corporation offers attractive total return potential and has been able to grow its dividend payments. NMFC stock is priced below net asset value and has upside potential in its Equity portfolio in a strong U.S. economy. The company has a 10% yield, covered by net investment income, and has a compelling risk/reward relationship.
New Mountain Finance (NMFC) Q1 2024 Earnings Call Transcript
New Mountain Finance (NASDAQ:NMFC ) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants John Kline - President and CEO Kris Corbett - CFO and Treasurer Steve Klinsky - Chairman, NMFC and CEO, New Mountain Capital Conference Call Participants Bryce Rowe - B. Riley Finian O'Shea - Wells Fargo Erik Zwick - Hovde Group Operator Good day, and welcome to the New Mountain Finance Corporation First Quarter 2023 Earnings Conference Call.
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended March 31, 2024. First Quarter Highlights1 Net investment income of $37.3 million, or $0.36 per weighted average share Net asset value of $12.77 per share compared to $12.87 per share as of December 31, 2023. The 0.8% decline is driven by stable core credit performance, offset by a decrease in value in one.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for NMFC.