New Mountain Finance Corporatio (NMFC) Stock Fundamentals, Analysis & Risk Signals

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

New Mountain Finance Corporatio

NasdaqGS•Financial Services•Asset Management

$7.48+0.01(<0.01%)Market closed

Market Cap

$660.91M

P/S

2.3x

P/B

0.6x

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company, is a private equity/buyouts and loan fund that 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, engineering and consulting services, 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, Life Sciences, Enterprise Software, Financial Services and Technology, 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 the United States of America. It seeks to invest between $10 million and $125 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. The fund seeks a majority stake in its portfolio companies.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Cash & Earnings Quality (24/25); weakest: Growth (3/25).

Profitability6/25

Growth3/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowCash-backed earningsNo share dilution

Valuation vs. 5-year range

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

P/E · 57.5x5y range 7.5x – 57.5x

Currently above its 11-quarter median.

P/S · 2.3x5y range 2.3x – 3.5x

Currently below its 13-quarter median.

P/B · 0.6x5y range 0.6x – 1.0x

Watch items

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

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Red Flag

TTM revenue has contracted 13.7% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $660.91M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $288.20M
Q. Revenue: $61.48M
TTM EBITDA: $131.78M
TTM Op. Income: $122.44M
Q. Op. Income: $24.64M
TTM Net Income: $-48.37M
Q. Net Income: $17.26M
EPS: $0.18
Shares Out.: $94.55M

$288.20M in TTM revenue declined 19.0% YoY, reaching $61.48M last quarter. TTM EBITDA of $131.78M and TTM operating income of $122.44M show growth is flowing through to the bottom line. However, net income is negative at $48.37M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 42.7%
Op. Margin: 40.1%
Net Margin: 28.1%

Op. margin of 40.1% is down 1.4% YoY — costs are rising relative to revenue. Net margin at 28.1% Over the past year, operating margin is down 3% — a weakening trend.

Price Ratios

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

P/E Ratio: N/A
P/S Ratio: 2.3x
P/B Ratio: 0.6x

P/S of 2.3x and P/B of 0.6x. Across the last 6 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $2.42B
Cash: $64.80M
Long-Term Debt: $1.35B
Book Value: $1.03B
D/E Ratio: 1.3
Debt/EBITDA: 51.3

With $2.42B in assets and $1.35B in long-term debt, D/E is 1.3and book value is $1.03B — moderate leverage. Over the past year, debt/equity is down 3% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $24.41M
TTM Free Cash Flow: $660.55M
FCF Margin: 229.2%
FCF / Net Income: -13.7

TTM FCF of $660.55M on $24.41M in operating cash flow. The FCF / Net Income ratio of -13.7x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 138% — a weakening trend.