Main Street Capital CORP(MAIN)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MAIN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Main Street Capital CORP (MAIN). MAIN is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Main Street Capital CORP reports net income of $49.0M, free cash flow of $-138.5M. Top institutional holders of MAIN by reported 13-F value include UBS Group AG, MORGAN STANLEY, Legal & General Group Plc, based on the most recent SEC filings. MAIN trades on the NYSE exchange and files with the SEC under CIK 1396440. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MAIN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Main Street Capital CORP directly from SEC EDGAR.
Net Income
Q1 2026
$49.0M
Free Cash Flow
Q1 2026
$-138.5M
D/E Ratio
Q1 2026
0.82
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+15.2% YoYEPS (Diluted)
-2.2% YoYTotal Assets
+27.9% YoYTotal Debt
+36.4% YoYOp. Cash Flow
-116.0% YoY| Metric | FY 2025 | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Net Income | $493.4M +15.2% | $428.4M +29.5% | $330.8M +1025.7% | $29.4M | — | — |
| EPS (Diluted) | $3.95 -2.2% | $4.04 +52.5% | $2.65 +26.2% | $2.10 | — | — |
| Total Assets | $5.68B +27.9% | $4.44B +20.4% | $3.69B | — | — | — |
| Total Debt | $2.46B +36.4% | $1.80B +0.4% | $1.80B | — | — | — |
| Operating Cash Flow | $-45.7M -116.0% | $285.3M +155.4% | $-515.4M -852.9% | $-54.1M | — | — |
AI Insight: MAIN Financial Trends
Net income collapsed to $49M in Q1 2026 — lowest in the observed period — while debt surged to a new high of $2,530M.
• Net income dropped sharply from $131M in Q4 2025 to $49M in Q1 2026, the weakest quarter across all eight periods.
• Equity has grown steadily from $2,579M in Q2 2024 to $3,094M in Q1 2026, reflecting consistent book value accumulation.
• Operating cash flow turned deeply negative at -$218M in Q4 2025 and -$139M in Q1 2026, two consecutive large outflows.
⚠ Total debt rose to $2,530M in Q1 2026, the highest level observed, while net income hit a multi-quarter low simultaneously.
⚠ Two consecutive quarters of sharply negative operating cash flow (-$218M, -$139M) warrant monitoring for liquidity pressure.
AI Insight: MAIN Ratio Trends
Q1 2026 ROE collapsed to 6.3% — the weakest single-quarter reading in the dataset — flagging a sharp, potentially one-off earnings disruption.
• ROE peaked at 24.9% in Q4 2024 but has since trended down, hitting 6.3% in Q1 2026 — a 18.6pp decline.
• ROA followed a similar path: 13.6% in Q4 2024 vs. 3.4% in Q1 2026, the lowest in the dataset.
• D/E improved steadily from 0.85 in Q2 2024 to 0.73 in Q3 2025, though it has since ticked back to 0.82 in Q1 2026.
⚠ Q1 2026 ROE of 6.3% vs. TTM ROE of 13.8% — gap suggests the quarter was an outlier; confirm if one-time write-downs drove this.
⚠ D/E rebounded to 0.82 in Q4 2025 and Q1 2026 after reaching a low of 0.73 in Q3 2025 — leverage trend reversal warrants monitoring.
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Available Research
13F Pro tracks comprehensive data for Main Street Capital CORP including:
Top Institutional Holders of MAIN
UBS Group AG
$70.9M1,338,812 shMORGAN STANLEY
$45.3M854,585 shLegal & General Group Plc
$41.5M784,021 shD. E. Shaw & Co., Inc.
$28.8M543,325 shTWO SIGMA INVESTMENTS, LP
$27.8M524,038 shQube Research & Technologies Ltd
$25.7M485,799 shMuzinich & Co., Inc.
$25.7M484,823 shADELL HARRIMAN & CARPENTER INC
$25.7M484,584 shInvesco Ltd.
$22.9M432,475 shBlackRock, Inc.
$22.5M424,235 sh
| Fund | Value | Shares |
|---|---|---|
| UBS Group AG | $70.9M | 1,338,812 |
| MORGAN STANLEY | $45.3M | 854,585 |
| Legal & General Group Plc | $41.5M | 784,021 |
| D. E. Shaw & Co., Inc. | $28.8M | 543,325 |
| TWO SIGMA INVESTMENTS, LP | $27.8M | 524,038 |
| Qube Research & Technologies Ltd | $25.7M | 485,799 |
| Muzinich & Co., Inc. | $25.7M | 484,823 |
| ADELL HARRIMAN & CARPENTER INC | $25.7M | 484,584 |
| Invesco Ltd. | $22.9M | 432,475 |
| BlackRock, Inc. | $22.5M | 424,235 |
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Popular Research
Is MAIN a good stock to buy?
13F Pro's AI-powered analysis of Main Street Capital CORP (MAIN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MAIN are available on the MAIN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MAIN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MAIN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Main Street Capital CORP's investment landscape.