Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Financial Services
Industry
Asset Management
Country
United States
Market cap
848.4M USD
Enterprise value
2.4B USD
Overall health
Drawback:less profitable than most peersless profitable than peers
Drawback:growing more slowly than most peersgrowing more slowly than peers
Drawback:higher risk than most peers: less short-term liquidity (current ratio 0.48 vs a peer median of 2.02) and more debt relative to equity (1.58× vs a peer median of 0.57×)higher risk: less liquidity (current ratio 0.48 vs peers 2.02) and more debt vs equity (1.58× vs peers 0.57×)
Ranks #193 of 232 financial services companies (bottom 18%)
Shareholders being diluted. Shares outstanding up 29% from March 2022 to August 2026.
MidCap Financial Investment had 29% more shares at August 2026 than at March 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.MidCap Financial Investment had 29% more shares at August 2026 than at March 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Earnings slid into a loss. Loss per share this year after a profit last year.
MidCap Financial Investment made a loss per share in its latest year after a profit the year before.
Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, MidCap Financial Investment looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
MidCap Financial Investment reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-3.5%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.54Sector median: 0.0571 · MAD: 0.0371
EBITDA yieldUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0689 · MAD: 0.0428
Free cash flow yield62.6%
Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 9.32Sector median: 0.0613 · MAD: 0.0605
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Earnings per share turned from a profit to a loss33% base weight · Z-score -2.12Sector median: 0.0999 · MAD: 0.2773
3-year revenue growthUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0999 · MAD: 0.0858
Revenue growth-29.3%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -2.48Sector median: 0.0742 · MAD: 0.1477
Why it changed since the Oct 27, 2026 close: Score 25 → 26
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about MidCap Financial Investment
Is MidCap Financial Investment getting weaker?
Its latest SEC filing (Aug 6, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is unchanged at 36/100 since Oct 28, 2026.
How is MidCap Financial Investment valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 87/100 against 432 financial services peers.Free cash flow yield 62.6% vs a peer median of 6.1% (stronger than 95% of peers).Free cash flow yield 62.6% vs peers 6.1% (stronger than 95% of peers).Earnings yield -3.5% vs a peer median of 5.7% (weaker than 100% of peers).Earnings yield -3.5% vs peers 5.7% (weaker than 100% of peers).
Is MidCap Financial Investment growing?
More slowly than most of its peers. Growth scores 8/100 against 432 financial services peers.Revenue growth -29.3% vs a peer median of 7.4% (weaker than 90% of peers).Revenue growth -29.3% vs peers 7.4% (weaker than 90% of peers).
How profitable is MidCap Financial Investment?
Less profitable than most of its peers. Profitability scores 26/100 against 432 financial services peers.Return on assets -1.0% vs a peer median of 2.6% (weaker than 91% of peers).Return on assets -1.0% vs peers 2.6% (weaker than 91% of peers).
How risky is MidCap Financial Investment?
Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings.Current ratio 0.48× vs a peer median of 2.02× (weaker than 92% of peers).Current ratio 0.48× vs peers 2.02× (weaker than 92% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Turned to a loss over the last 12 months
Previous quarter
Latest quarter
Change
Net income (12 months)
6.0M USD
−29.7M USD
turned negative
Debt
1.9B USD
1.7B USD
−7.0%
Cash
42.6M USD
43.3M USD
+1.5%
Shares outstanding
82.4M
82.4M
0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Asset Management · 43 companies
Valuations in Asset Management are near the top of their range since 2016.
95% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is +31% vs the whole market, against a usual +6%.
2016Shaded: most expensive fifth of its range2026
MidCap Financial Investment looks cheaper than most of its peers on our valuation measures, while the Asset Management industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY Mar 2021
FY Mar 2022
FY 2023
FY 2024
FY 2025
Change
Return on assets (ROA)
—
3.2%
4.7%
3.1%
1.9%
▼ 1.2 pts
Return on equity (ROE)
—
—
—
7.0%
4.8%
▼ 2.2 pts
Debt to equity
—
—
—
1.25×
1.53×
▲ 22%
MFIC price history
Price history is added with the daily price update and will appear after the next one.