New Mountain Finance (NMFC) Financials

$10.22 +0.33 (+3.29%)

As of 01:36 PM Eastern

Annual Income Statements for New Mountain Finance

This table shows New Mountain Finance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	58	201	75	135	113
Consolidated Net Income / (Loss)	62	207	75	136	115
Net Income / (Loss) Continuing Operations	62	207	74	136	114
Total Pre-Tax Income	62	207	75	136	114
Total Revenue	139	286	258	352	343
Net Interest Income / (Expense)	77	205	181	268	250
Total Interest Income	155	278	181	268	250
Investment Securities Interest Income	155	278	181	268	250
Total Interest Expense	78	73	0.00	0.00	0.00
Total Non-Interest Income	62	81	78	84	93
Other Service Charges	14	19	17	11	11
Other Non-Interest Income	48	62	61	73	81
Total Non-Interest Expense	77	79	183	216	228
Insurance Policy Acquisition Costs	29	30	30	38	36
Other Operating Expenses	48	49	153	178	191
Nonoperating Income / (Expense), net	0.00	-0.08	-1.12	0.10	-0.61
Income Tax Expense	0.02	0.12	0.83	0.42	0.26
Net Income / (Loss) Attributable to Noncontrolling Interest	3.36	5.78	-0.20	0.75	1.06
Basic Earnings per Share	$0.60	$2.08	$0.75	$1.34	$1.06
Weighted Average Basic Shares Outstanding	96.83M	96.95M	100.20M	101.12M	106.57M
Diluted Earnings per Share	$0.60	$1.91	$0.74	$1.24	$1.03
Weighted Average Diluted Shares Outstanding	110.08M	110.21M	115.43M	123.49M	125.46M
Weighted Average Basic & Diluted Shares Outstanding	-	-	100.94M	102.88M	107.85M
Cash Dividends to Common per Share	$1.24	$1.20	$1.22	$1.49	$1.37

This table shows New Mountain Finance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	7.71	15	45	35	29	27	27	34	24	28
Consolidated Net Income / (Loss)	7.51	15	45	35	29	28	28	35	24	28
Net Income / (Loss) Continuing Operations	7.68	14	45	35	29	28	28	35	25	26
Total Pre-Tax Income	7.67	15	45	36	28	28	28	35	25	26
Total Revenue	29	136	68	91	82	112	51	91	86	114
Net Interest Income / (Expense)	8.98	120	47	70	62	90	28	68	62	92
Total Interest Income	34	56	78	70	62	59	59	68	62	61
Investment Securities Interest Income	34	56	78	70	62	59	59	68	62	61
Total Interest Expense	25	-64	31	0.00	0.00	-31	31	0.00	0.00	-31
Total Non-Interest Income	20	16	21	21	20	22	23	23	24	22
Other Service Charges	3.80	1.70	3.18	2.12	2.23	3.02	2.54	3.85	2.20	2.75
Other Non-Interest Income	16	15	18	19	18	19	20	19	22	19
Total Non-Interest Expense	21	120	23	55	54	84	23	56	61	88
Insurance Policy Acquisition Costs	8.20	6.30	9.60	9.98	10	8.56	9.39	9.55	8.82	8.63
Other Operating Expenses	13	114	13	45	44	76	13	46	52	79
Income Tax Expense	-0.01	0.83	0.10	0.93	-0.63	0.02	0.00	0.23	0.12	-0.09
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.19	-0.05	0.24	0.25	0.00	0.26	0.68	0.31	0.01	0.07
Basic Earnings per Share	$0.08	$0.14	$0.44	$0.35	$0.28	$0.27	$0.26	$0.32	$0.22	$0.26
Weighted Average Basic Shares Outstanding	100.83M	100.20M	100.94M	100.94M	100.95M	101.12M	103.66M	106.89M	107.85M	106.57M
Diluted Earnings per Share	$0.08	$0.16	$0.40	$0.32	$0.27	$0.25	$0.26	$0.31	$0.22	$0.24
Weighted Average Diluted Shares Outstanding	114.09M	115.43M	123.59M	127.02M	123.18M	123.49M	122.44B	125.76M	126.78M	125.46M
Weighted Average Basic & Diluted Shares Outstanding	100.94M	100.94M	100.94M	100.94M	101.44M	102.88M	106.29M	107.85M	107.85M	107.85M
Cash Dividends to Common per Share	$0.60	($0.58)	$0.32	$0.70	$0.72	($0.25)	$0.36	$0.68	$0.68	($0.35)

This table details how cash moves in and out of New Mountain Finance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	30	-21	14	-1.16	11
Net Cash From Operating Activities	301	-22	35	333	42
Net Cash From Continuing Operating Activities	301	-22	32	333	44
Net Income / (Loss) Continuing Operations	62	207	75	136	115
Consolidated Net Income / (Loss)	62	207	75	136	115
Depreciation Expense	54	-92	84	-10	-16
Amortization Expense	-5.49	-1.28	2.70	0.19	6.38
Non-Cash Adjustments to Reconcile Net Income	107	-121	-129	228	-59
Changes in Operating Assets and Liabilities, net	84	-15	-0.85	-21	-2.48
Net Cash From Investing Activities	0.00	0.00	0.00	0.00	0.00
Net Cash From Continuing Investing Activities	0.00	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	-271	1.20	-22	-334	-31
Net Cash From Continuing Financing Activities	-271	1.20	-22	-334	-31
Issuance of Debt	303	916	879	738	1,321
Issuance of Common Equity	0.00	12	40	21	68
Repayment of Debt	-453	-813	-810	-941	-1,271
Payment of Dividends	-120	-114	-121	-151	-147
Other Financing Activities, Net	-0.28	0.37	-9.65	-1.10	-1.37
Cash Interest Paid	72	62	82	116	127
Cash Income Taxes Paid	0.11	0.07	0.90	12	0.15

This table details how cash moves in and out of New Mountain Finance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-	22	-25	-0.48	37	-13	37	12	-58	19
Net Cash From Operating Activities	-	44	-3.50	123	87	126	68	-160	-62	195
Net Cash From Continuing Operating Activities	-	43	-3.49	123	87	126	68	-163	-61	199
Net Income / (Loss) Continuing Operations	-	15	45	35	29	28	28	35	24	28
Consolidated Net Income / (Loss)	-	15	45	35	29	28	28	35	24	28
Amortization Expense	-	2.13	-0.01	0.57	0.36	-0.73	0.22	1.98	0.20	3.98
Non-Cash Adjustments to Reconcile Net Income	-	-0.56	-38	86	51	129	-53	-111	-87	192
Changes in Operating Assets and Liabilities, net	-	9.72	-4.72	-5.40	-9.82	-1.22	96	-58	-32	-8.48
Net Cash From Financing Activities	-	-22	-21	-124	-50	-139	-31	172	4.02	-176
Net Cash From Continuing Financing Activities	-	-22	-21	-124	-50	-139	-31	172	4.02	-176
Issuance of Debt	-	365	248	120	165	206	501	357	416	47
Issuance of Common Equity	-	-	0.00	-	6.63	15	48	20	-	-0.00
Repayment of Debt	-	-353	-237	-208	-184	-312	-541	-168	-375	-187
Payment of Dividends	-	-32	-32	-35	-36	-47	-38	-37	-37	-36
Other Financing Activities, Net	-	-1.44	-0.17	-0.33	-0.34	-0.26	-0.31	-0.23	-0.32	-0.51
Cash Interest Paid	-	19	28	31	25	31	25	30	38	34
Cash Income Taxes Paid	-	0.83	5.71	1.09	0.01	4.77	-0.01	0.16	-0.00	0.01

This table presents New Mountain Finance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	3,296	3,355	3,159	3,247
Cash and Due from Banks	58	71	70	80
Trading Account Securities	3,196	3,238	3,051	3,127
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00
Other Assets	42	46	61	62
Total Liabilities & Shareholders' Equity	3,296	3,355	3,159	3,247
Total Liabilities	1,953	2,029	1,827	1,887
Short-Term Debt	914	853	741	322
Accrued Interest Payable	17	20	20	17
Long-Term Debt	1,013	1,148	1,067	1,539
Other Long-Term Liabilities	8.38	11	-0.79	9.40
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,343	1,326	1,332	1,359
Total Preferred & Common Equity	1,321	1,314	1,320	1,353
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	1,321	1,314	1,320	1,353
Common Stock	1,274	1,307	1,332	1,367
Retained Earnings	47	7.52	-12	-14
Noncontrolling Interest	21	12	12	5.95

This table presents New Mountain Finance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,348	3,379	3,297	3,280	3,256	3,424	3,414
Cash and Due from Banks	49	46	46	83	107	120	62
Trading Account Securities	3,254	3,287	3,217	3,128	3,109	14	22
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	45	46	54	68	61	100	88
Total Liabilities & Shareholders' Equity	3,348	3,379	3,297	3,280	3,256	3,424	3,414
Total Liabilities	2,003	2,040	1,959	1,943	1,886	2,037	2,047
Short-Term Debt	947	892	855	951	524	713	466
Accrued Interest Payable	12	21	19	23	23	23	18
Long-Term Debt	1,033	1,119	1,069	952	1,247	1,246	1,554
Other Long-Term Liabilities	10	9.11	17	17	92	55	8.99
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,345	1,338	1,338	1,337	1,369	1,387	1,368
Total Preferred & Common Equity	1,332	1,327	1,326	1,325	1,357	1,374	1,361
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,332	1,327	1,326	1,325	1,357	1,374	1,361
Common Stock	1,315	1,307	1,307	1,313	1,380	1,400	1,399
Retained Earnings	17	20	19	12	-23	-25	-38
Noncontrolling Interest	13	12	12	12	12	12	6.28

This table displays calculated financial ratios and metrics derived from New Mountain Finance's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	105.82%	-9.78%	36.37%	-2.77%
EBITDA Growth	0.00%	3.28%	43.00%	-22.28%	-16.33%
EBIT Growth	0.00%	235.22%	-63.51%	80.32%	-15.72%
NOPAT Growth	0.00%	235.15%	-63.89%	81.78%	-15.66%
Net Income Growth	0.00%	235.05%	-64.03%	82.60%	-15.86%
EPS Growth	0.00%	218.33%	-61.26%	67.57%	-16.94%
Operating Cash Flow Growth	0.00%	-107.33%	258.71%	850.49%	-87.38%
Free Cash Flow Firm Growth	0.00%	0.00%	-63.89%	-4,115.29%	101.13%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	2.57%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	24.45%	59.16%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-20.98%	-10.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	10.42%	-1.02%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	10.78%	-0.89%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	10.27%	0.21%
EPS Q/Q Growth	0.00%	0.00%	0.00%	7.83%	-0.96%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	130.28%	32.61%	252.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	101.04%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-4.92%
Profitability Metrics	-	-	-	-	-
EBITDA Margin	79.12%	39.70%	62.90%	35.85%	30.85%
EBIT Margin	44.46%	72.41%	29.28%	38.72%	33.56%
Profit (Net Income) Margin	44.44%	72.34%	28.85%	38.63%	33.43%
Tax Burden Percent	99.96%	99.95%	100.00%	99.70%	100.14%
Interest Burden Percent	100.00%	99.96%	98.53%	100.07%	99.47%
Effective Tax Rate	0.04%	0.06%	1.11%	0.31%	0.23%
Return on Invested Capital (ROIC)	0.00%	12.68%	0.00%	8.66%	3.61%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	12.67%	0.00%	8.67%	3.60%
Return on Net Nonoperating Assets (RNNOA)	0.00%	18.18%	0.00%	11.78%	4.90%
Return on Equity (ROE)	0.00%	30.86%	0.00%	20.44%	8.51%
Cash Return on Invested Capital (CROIC)	0.00%	-187.32%	0.00%	-191.34%	1.07%
Operating Return on Assets (OROA)	0.00%	6.29%	0.00%	4.32%	3.59%
Return on Assets (ROA)	0.00%	6.29%	0.00%	4.31%	3.57%
Return on Common Equity (ROCE)	0.00%	30.37%	0.00%	20.26%	8.45%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.68%	0.00%	10.31%	8.46%
Net Operating Profit after Tax (NOPAT)	62	207	75	136	115
NOPAT Margin	44.44%	72.37%	28.96%	38.60%	33.48%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.01%	0.00%	-0.01%	0.01%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.54%	27.59%	70.72%	61.28%	66.44%
Earnings before Interest and Taxes (EBIT)	62	207	76	136	115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	110	114	162	126	106
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.87	0.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.87	0.90
Price to Revenue (P/Rev)	0.00	0.00	3.84	3.27	3.55
Price to Earnings (P/E)	0.00	0.00	13.26	8.52	10.71
Dividend Yield	17.06%	12.51%	12.43%	12.14%	9.33%
Earnings Yield	0.00%	0.00%	7.54%	11.73%	9.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.92	0.93
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	8.24	8.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	22.99	28.40
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	21.28	26.11
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	21.35	26.17
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	8.72	71.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	88.12
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	1.44	0.00	1.36	1.37
Long-Term Debt to Equity	0.00	0.75	0.00	0.80	1.13
Financial Leverage	0.00	1.44	0.00	1.36	1.36
Leverage Ratio	0.00	2.45	0.00	2.37	2.38
Compound Leverage Factor	0.00	2.45	0.00	2.37	2.37
Debt to Total Capital	0.00%	58.94%	0.00%	57.58%	57.79%
Short-Term Debt to Total Capital	0.00%	27.95%	0.00%	23.61%	10.01%
Long-Term Debt to Total Capital	0.00%	30.98%	0.00%	33.98%	47.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.65%	0.00%	0.38%	0.18%
Common Equity to Total Capital	0.00%	40.41%	0.00%	42.04%	42.03%
Debt to EBITDA	0.00	16.95	0.00	14.32	17.61
Net Debt to EBITDA	0.00	16.44	0.00	13.76	16.85
Long-Term Debt to EBITDA	0.00	8.91	0.00	8.45	14.56
Debt to NOPAT	0.00	9.30	0.00	13.30	16.23
Net Debt to NOPAT	0.00	9.02	0.00	12.78	15.53
Long-Term Debt to NOPAT	0.00	4.89	0.00	7.84	13.42
Noncontrolling Interest Sharing Ratio	0.00%	1.59%	0.00%	0.88%	0.66%
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,062	75	-3,004	34
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-41.89	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.86	-0.30	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.86	-0.30	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.09	0.00	0.11	0.11
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	3,269	0.00	3,140	3,220
Invested Capital Turnover	0.00	0.18	0.00	0.22	0.11
Increase / (Decrease) in Invested Capital	0.00	3,269	0.00	3,140	81
Enterprise Value (EV)	0.00	0.00	0.00	2,903	3,001
Market Capitalization	0.00	0.00	991	1,153	1,214
Book Value per Share	$0.00	$13.63	$0.00	$13.01	$12.55
Tangible Book Value per Share	$0.00	$13.63	$0.00	$13.01	$12.55
Total Capital	0.00	3,269	0.00	3,140	3,220
Total Debt	0.00	1,927	0.00	1,808	1,861
Total Long-Term Debt	0.00	1,013	0.00	1,067	1,539
Net Debt	0.00	1,869	0.00	1,738	1,781
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.07	0.28	-0.11	0.18
Net Nonoperating Obligations (NNO)	0.00	1,927	0.00	1,808	1,861
Total Depreciation and Amortization (D&A)	48	-94	87	-10	-9.30
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.75	$1.34	$1.06
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	100.20M	101.12M	106.57M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.74	$1.24	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	115.43M	123.49M	125.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	100.94M	102.88M	107.85M
Normalized Net Operating Profit after Tax (NOPAT)	62	207	75	136	115
Normalized NOPAT Margin	44.44%	72.37%	28.96%	38.60%	33.48%
Pre Tax Income Margin	44.46%	72.38%	28.85%	38.75%	33.38%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.79	2.84	0.00	0.00	0.00
NOPAT to Interest Expense	0.79	2.84	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.79	2.84	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.79	2.84	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	194.17%	55.13%	162.74%	110.76%	128.55%
Augmented Payout Ratio	194.17%	55.13%	162.74%	110.76%	128.55%

This table displays calculated financial ratios and metrics derived from New Mountain Finance's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-33.45%	0.00%	17.60%	151.73%	186.58%	-17.87%	-25.04%	0.36%	5.17%	2.35%
EBITDA Growth	43.74%	0.00%	-17.74%	-8.22%	37.67%	-105.65%	-35.11%	-85.23%	-43.36%	1,663.81%
EBIT Growth	-66.52%	0.00%	20.56%	138.98%	266.14%	74.95%	-37.36%	-2.75%	-9.28%	-3.96%
NOPAT Growth	-66.47%	0.00%	20.61%	131.46%	273.68%	94.16%	-37.22%	-0.84%	-11.67%	-5.95%
Net Income Growth	-67.19%	0.00%	20.96%	131.69%	281.94%	85.48%	-37.33%	-0.84%	-16.74%	0.87%
EPS Growth	-63.64%	0.00%	17.65%	100.00%	237.50%	56.25%	-35.00%	-3.13%	-18.52%	-4.00%
Operating Cash Flow Growth	0.00%	141.08%	92.24%	463.82%	23.99%	186.59%	2,048.60%	-229.52%	-170.69%	55.30%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	273.68%	0.00%	107.18%	-9,539.83%	-11,812.70%	98.24%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.24%	0.00%	0.00%	2.57%
Revenue Q/Q Growth	-20.54%	375.13%	-50.27%	34.08%	-9.54%	36.16%	-54.61%	79.51%	-5.20%	32.51%
EBITDA Q/Q Growth	-31.17%	4.28%	13.67%	12.51%	3.24%	-104.28%	1,404.85%	-74.39%	295.88%	18.21%
EBIT Q/Q Growth	-49.12%	104.60%	186.03%	-19.75%	-22.04%	-2.24%	2.42%	24.58%	-27.27%	3.50%
NOPAT Q/Q Growth	-49.32%	84.43%	216.11%	-21.66%	-18.18%	-4.17%	2.20%	23.76%	-27.12%	2.04%
Net Income Q/Q Growth	-50.37%	97.33%	202.23%	-21.72%	-18.19%	-4.17%	2.12%	23.86%	-31.31%	16.10%
EPS Q/Q Growth	-50.00%	100.00%	150.00%	-20.00%	-15.63%	-7.41%	4.00%	19.23%	-29.03%	9.09%
Operating Cash Flow Q/Q Growth	307.05%	-37.57%	-107.99%	3,622.92%	-29.44%	44.29%	-45.67%	-334.16%	61.48%	416.96%
Free Cash Flow Firm Q/Q Growth	0.00%	-100.00%	0.00%	-21.66%	-18.18%	-10,943.79%	107.62%	-11,880.72%	-31,192.39%	98.37%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	7,339.22%	-4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	114.91%	25.22%	57.65%	48.37%	55.20%	-1.74%	49.90%	7.12%	29.73%	26.52%
EBIT Margin	26.77%	11.53%	66.30%	39.69%	34.20%	24.55%	55.41%	38.45%	29.50%	23.04%
Profit (Net Income) Margin	26.23%	10.90%	66.22%	38.66%	34.96%	24.61%	55.36%	38.20%	27.68%	24.25%
Tax Burden Percent	98.00%	98.89%	99.81%	97.41%	102.23%	99.94%	100.00%	99.33%	93.82%	107.63%
Interest Burden Percent	100.00%	95.58%	100.06%	100.00%	100.00%	100.27%	99.92%	100.00%	100.00%	97.79%
Effective Tax Rate	-0.17%	5.54%	0.21%	2.59%	-2.23%	0.06%	0.00%	0.67%	0.46%	-0.35%
Return on Invested Capital (ROIC)	0.00%	0.00%	10.61%	0.00%	0.00%	5.52%	5.73%	4.82%	3.73%	2.44%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	10.61%	0.00%	0.00%	5.52%	5.72%	4.82%	3.59%	2.54%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	15.94%	0.00%	0.00%	7.50%	8.00%	6.81%	5.30%	3.46%
Return on Equity (ROE)	0.00%	0.00%	26.54%	0.00%	0.00%	13.02%	13.72%	11.62%	9.03%	5.90%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-191.34%	10.12%	-192.88%	-193.17%	1.07%
Operating Return on Assets (OROA)	0.00%	0.00%	5.27%	0.00%	0.00%	2.74%	5.60%	2.37%	1.86%	2.46%
Return on Assets (ROA)	0.00%	0.00%	5.26%	0.00%	0.00%	2.74%	5.60%	2.35%	1.74%	2.59%
Return on Common Equity (ROCE)	0.00%	0.00%	26.31%	0.00%	0.00%	12.90%	13.60%	11.52%	8.99%	5.86%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	6.20%	0.00%	0.00%	0.00%	8.80%	8.67%	8.39%	0.00%
Net Operating Profit after Tax (NOPAT)	7.68	14	45	35	29	28	28	35	25	26
NOPAT Margin	26.81%	10.41%	66.16%	38.66%	34.96%	24.61%	55.41%	38.20%	29.36%	22.61%
Net Nonoperating Expense Percent (NNEP)	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	-0.10%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	73.23%	88.47%	33.70%	60.31%	65.80%	75.45%	44.59%	61.55%	70.50%	76.96%
Earnings before Interest and Taxes (EBIT)	7.67	16	45	36	28	27	28	35	25	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	34	39	44	45	-1.94	25	6.48	26	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.73	0.00	0.00	0.87	0.86	0.89	0.92	0.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.73	0.00	0.00	0.87	0.86	0.89	0.92	0.90
Price to Revenue (P/Rev)	0.00	3.84	3.63	4.59	3.98	3.27	3.47	5.83	5.84	3.55
Price to Earnings (P/E)	0.00	13.26	11.71	10.33	9.17	8.52	9.85	10.44	11.11	10.71
Dividend Yield	13.85%	12.43%	12.86%	12.08%	11.46%	12.14%	9.72%	9.68%	9.79%	9.33%
Earnings Yield	0.00%	7.54%	8.54%	9.68%	10.90%	11.73%	10.15%	9.58%	9.00%	9.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.88	0.00	0.00	0.92	0.90	0.92	0.95	0.93
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	10.99	0.00	0.00	8.24	8.47	14.61	14.96	8.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	19.14	0.00	0.00	22.99	25.23	40.87	27.30	28.40
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	35.41	0.00	0.00	21.28	23.74	25.95	27.72	26.11
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	35.77	0.00	0.00	21.35	23.80	25.88	27.82	26.17
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	38.47	0.00	0.00	8.72	7.02	25.43	0.00	71.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	8.65	0.00	0.00	88.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.47	0.00	1.50	0.00	0.00	1.36	1.29	1.41	1.48	1.37
Long-Term Debt to Equity	0.77	0.00	0.84	0.00	0.00	0.80	0.91	0.90	1.14	1.13
Financial Leverage	1.47	0.00	1.50	0.00	0.00	1.36	1.40	1.41	1.48	1.36
Leverage Ratio	2.49	0.00	2.52	0.00	0.00	2.37	2.45	2.47	2.50	2.38
Compound Leverage Factor	2.49	0.00	2.53	0.00	0.00	2.38	2.45	2.47	2.50	2.33
Debt to Total Capital	59.55%	0.00%	60.04%	0.00%	0.00%	57.58%	56.40%	58.56%	59.62%	57.79%
Short-Term Debt to Total Capital	28.49%	0.00%	26.64%	0.00%	0.00%	23.61%	16.69%	21.32%	13.74%	10.01%
Long-Term Debt to Total Capital	31.06%	0.00%	33.40%	0.00%	0.00%	33.98%	39.71%	37.24%	45.88%	47.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.40%	0.00%	0.35%	0.00%	0.00%	0.38%	0.39%	0.37%	0.19%	0.18%
Common Equity to Total Capital	40.06%	0.00%	39.61%	0.00%	0.00%	42.04%	43.21%	41.07%	40.19%	42.03%
Debt to EBITDA	0.00	0.00	13.05	0.00	0.00	14.32	15.73	25.99	17.12	17.61
Net Debt to EBITDA	0.00	0.00	12.75	0.00	0.00	13.76	14.78	24.40	16.60	16.85
Long-Term Debt to EBITDA	0.00	0.00	7.26	0.00	0.00	8.45	11.08	16.53	13.17	14.56
Debt to NOPAT	0.00	0.00	24.39	0.00	0.00	13.30	14.84	16.46	17.45	16.23
Net Debt to NOPAT	0.00	0.00	23.82	0.00	0.00	12.78	13.94	15.45	16.91	15.53
Long-Term Debt to NOPAT	0.00	0.00	13.57	0.00	0.00	7.84	10.45	10.47	13.43	13.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.88%	0.00%	0.00%	0.88%	0.89%	0.89%	0.46%	0.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,317	0.00	-3,304	35	29	-3,112	237	-3,311	-3,361	-55
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-134.59	0.00	-107.30	0.00	0.00	0.00	7.65	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.85	0.00	-0.11	0.00	0.00	0.00	2.20	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.85	0.00	-0.11	0.00	0.00	0.00	2.20	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.08	0.00	0.00	0.11	0.10	0.06	0.06	0.11
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,325	0.00	3,349	0.00	0.00	3,140	3,140	3,346	3,387	3,220
Invested Capital Turnover	0.00	0.00	0.16	0.00	0.00	0.22	0.10	0.13	0.13	0.11
Increase / (Decrease) in Invested Capital	3,325	0.00	3,349	0.00	0.00	3,140	-209	3,346	3,387	81
Enterprise Value (EV)	0.00	0.00	2,949	0.00	0.00	2,903	2,840	3,082	3,219	3,001
Market Capitalization	0.00	991	973	1,053	1,128	1,153	1,164	1,230	1,256	1,214
Book Value per Share	$13.21	$0.00	$13.14	$0.00	$0.00	$13.01	$13.19	$12.93	$12.62	$12.55
Tangible Book Value per Share	$13.21	$0.00	$13.14	$0.00	$0.00	$13.01	$13.19	$12.93	$12.62	$12.55
Total Capital	3,325	0.00	3,349	0.00	0.00	3,140	3,140	3,346	3,387	3,220
Total Debt	1,980	0.00	2,011	0.00	0.00	1,808	1,771	1,959	2,019	1,861
Total Long-Term Debt	1,033	0.00	1,119	0.00	0.00	1,067	1,247	1,246	1,554	1,539
Net Debt	1,931	0.00	1,964	0.00	0.00	1,738	1,663	1,840	1,957	1,781
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.17	-0.66	-0.04	-0.00	0.00	0.00	0.02	0.00	1.46	-1.88
Net Nonoperating Obligations (NNO)	1,980	0.00	2,011	0.00	0.00	1,808	1,771	1,959	2,019	1,861
Total Depreciation and Amortization (D&A)	25	19	-5.86	7.88	17	-29	-2.79	-29	0.20	3.98
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.14	$0.44	$0.35	$0.28	$0.27	$0.26	$0.32	$0.22	$0.26
Adjusted Weighted Average Basic Shares Outstanding	100.83M	100.20M	100.94M	100.94M	100.95M	101.12M	103.66M	106.89M	107.85M	106.57M
Adjusted Diluted Earnings per Share	$0.08	$0.16	$0.40	$0.32	$0.27	$0.25	$0.26	$0.31	$0.22	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	114.09M	115.43M	123.59M	127.02M	123.18M	123.49M	122.44B	125.76M	126.78M	125.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.94M	100.94M	100.94M	100.94M	101.44M	102.88M	106.29M	107.85M	107.85M	107.85M
Normalized Net Operating Profit after Tax (NOPAT)	5.37	14	45	35	20	28	28	35	25	18
Normalized NOPAT Margin	18.74%	10.41%	66.16%	38.66%	23.94%	24.61%	55.41%	38.20%	29.36%	15.77%
Pre Tax Income Margin	26.77%	11.02%	66.34%	39.69%	34.20%	24.62%	55.36%	38.45%	29.50%	22.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.31	0.00	1.46	0.00	0.00	0.00	0.91	0.00	0.00	0.00
NOPAT to Interest Expense	0.31	0.00	1.45	0.00	0.00	0.00	0.91	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.31	0.00	1.46	0.00	0.00	0.00	0.91	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.31	0.00	1.45	0.00	0.00	0.00	0.91	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	162.74%	152.01%	127.37%	110.41%	110.76%	131.28%	132.73%	138.60%	128.55%
Augmented Payout Ratio	0.00%	162.74%	152.01%	127.37%	110.41%	110.76%	131.28%	132.73%	138.60%	128.55%

Frequently Asked Questions About New Mountain Finance's Financials

When does New Mountain Finance's financial year end?

According to the most recent income statement we have on file, New Mountain Finance's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has New Mountain Finance's net income changed over the last 4 years?

New Mountain Finance's net income appears to be on an upward trend, with a most recent value of $114.50 million in 2024, rising from $61.84 million in 2020. The previous period was $136.09 million in 2023.

How has New Mountain Finance revenue changed over the last 4 years?

Over the last 4 years, New Mountain Finance's total revenue changed from $139.14 million in 2020 to $342.51 million in 2024, a change of 146.2%.

How much debt does New Mountain Finance have?

New Mountain Finance's total liabilities were at $1.89 billion at the end of 2024, a 3.3% increase from 2023, and a 3.4% decrease since 2021.

How much cash does New Mountain Finance have?

In the past 3 years, New Mountain Finance's cash and equivalents has ranged from $58.08 million in 2021 to $80.32 million in 2024, and is currently $80.32 million as of their latest financial filing in 2024.

How has New Mountain Finance's book value per share changed over the last 4 years?

Over the last 4 years, New Mountain Finance's book value per share changed from 0.00 in 2020 to 12.55 in 2024, a change of 1,254.8%.

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This page (NASDAQ:NMFC) was last updated on 4/24/2025 by MarketBeat.com Staff

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New Mountain Finance (NMFC) Financials

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New Mountain Finance (NMFC) Financials

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