MSC Income Fund (MSIF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MSC Income Fund

NYSE•Financial Services•Asset Management

$12.65+0.06(<0.01%)Market closed

Market Cap

$558.20M

P/E

5.6x

P/S

4.0x

P/B

0.7x

MSC Income Fund, Inc. is a Business Development Company specializing in middle market debt and debt and equity investments in lower middle market companies. The fund seeks to invest in management buyouts, recapitalizations, growth financings, refinancing and acquisitions of companies. It invests in companies with revenue between $10 million and $150 million.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (20/25); weakest: Cash & Earnings Quality (4/25).

Profitability20/25

Growth16/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality4/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.6x5y range 5.6x – 12.9x

Currently below its 11-quarter median.

P/S · 4.0x5y range 4.0x – 5.7x

Currently near its 11-quarter median.

P/B · 0.7x5y range 0.7x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $558.20M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $140.07M
Q. Revenue: $35.70M
TTM EBITDA: $63.27M
TTM Op. Income: $62.04M
Q. Op. Income: $13.37M
TTM Net Income: $99.06M
Q. Net Income: $29.27M
EPS: N/A
Shares Out.: $45.35M

$140.07M in TTM revenue grew 3.1% YoY, reaching $35.70M last quarter. TTM EBITDA of $63.27M and TTM operating income of $62.04M show growth is flowing through to the bottom line. TTM net income of $99.06M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 38.5%
Op. Margin: 37.5%
Net Margin: 82.0%

Op. margin of 37.5% is down 11.1% YoY — costs are rising relative to revenue. Net margin at 82.0% Over the past year, operating margin is down 23% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 5.6x
P/S Ratio: 4.0x
P/B Ratio: 0.7x

At 5.6x P/E, the stock trades below typical market levels. P/S of 4.0x and P/B of 0.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.44B
Cash: $28.05M
Long-Term Debt: $661.18M
Book Value: $748.80M
D/E Ratio: 0.9
Debt/EBITDA: 48.2

With $1.44B in assets and $661.18M in long-term debt, D/E is 0.9and book value is $748.80M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 18% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $16.88M
TTM Free Cash Flow: $-32.30M
FCF Margin: -23.1%
FCF / Net Income: -0.3

TTM FCF of $-32.30M on $16.88M in operating cash flow. The FCF / Net Income ratio of -0.3x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 16% — a weakening trend.