CSWC Financial Statements

Balance sheet, income statement, cash flow, and dividends for Capital Southwest Corp (CSWC).


$1.13B Market Cap.

As of 05/20/2025 5:00 PM ET (MRY) • Disclaimer

CSWC Market Cap. (MRY)


CSWC Shares Outstanding (MRY)


CSWC Assets (MRY)


Total Assets

$1.88B

Total Liabilities

$999.21M

Total Investments

$1.79B

CSWC Income (MRY)


Revenue

$204.44M

Net Income

$70.55M

Operating Expense

$29.03M

CSWC Cash Flow (MRY)


CF Operations

-$217.26M

CF Investing

-$1.67M

CF Financing

$231.52M

CSWC Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2025

$2.54

11.40%

2.83%

172.79%

0.58

2024

$2.47

9.90%

8.33%

120.49%

0.83

2023

$2.28

12.80%

-9.52%

207.27%

0.48

2022

$2.52

10.60%

22.93%

134.76%

0.74

2021

$2.05

9.30%

-

76.78%

1.30

CSWC Balance Sheet (MRY)


Metric

2025

2024

2023

2022

Total Assets

$1,882,840,000 (20.95%)

$1,556,758,000 (23.78%)

$1,257,684,000 (29.13%)

$973,957,000 (32.41%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$883,633,000 (16.93%)

$755,676,000 (27.99%)

$590,408,000 (40.28%)

$420,867,000 (25.16%)

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Cash & Equivalents

$44,871,000 (39.04%)

$32,273,000 (49.52%)

$21,585,000 (88.83%)

$11,431,000 (-63.84%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$1,785,299,000 (20.91%)

$1,476,561,000 (22.40%)

$1,206,388,000 (28.80%)

$936,614,000 (36.05%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$30,303,000 (32.17%)

$22,928,000 (24.41%)

$18,430,000 (52.24%)

$12,106,000 (14.93%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

-$88,718,000 (-68.88%)

-$52,532,000 (-25.54%)

-$41,845,000 (-308.01%)

-$10,256,000 (-389.55%)

Tax Assets

$94,000 (-72.02%)

$336,000 (-8.70%)

$368,000 (132.91%)

$158,000 (1.94%)

Tax Liabilities

$19,549,000 (59.22%)

$12,278,000 (0.04%)

$12,273,000 (75.65%)

$6,987,000 (105.80%)

Total Debt

$956,065,000 (24.03%)

$770,853,000 (20.89%)

$637,644,000 (20.63%)

$528,588,000 (38.63%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$999,207,000 (24.73%)

$801,082,000 (20.05%)

$667,276,000 (20.65%)

$553,090,000 (38.50%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

CSWC Income Statement (MRY)


Metric

2025

2024

2023

2022

Revenues

$204,439,000 (14.77%)

$178,135,000 (49.32%)

$119,300,000 (45.11%)

$82,215,000 (20.79%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$22,070,000 (12.72%)

$19,580,000 (10.73%)

$17,682,000 (14.79%)

$15,404,000 (17.91%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$29,033,000 (20.48%)

$24,098,000 (12.68%)

$21,387,000 (12.63%)

$18,989,000 (18.62%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$8,865,000 (630.83%)

$1,213,000 (-82.60%)

$6,973,000 (73.24%)

$4,025,000 (-13.96%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$70,548,000 (-15.40%)

$83,389,000 (151.98%)

$33,093,000 (-22.71%)

$42,815,000 (-15.86%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$70,548,000 (-15.40%)

$83,389,000 (151.98%)

$33,093,000 (-22.71%)

$42,815,000 (-15.86%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$70,548,000 (-15.40%)

$83,389,000 (151.98%)

$33,093,000 (-22.71%)

$42,815,000 (-15.86%)

Weighted Average Shares

$47,448,093 (16.50%)

$40,727,133 (35.69%)

$30,015,533 (31.42%)

$22,839,835 (19.83%)

Weighted Average Shares Diluted

$51,187,714 (25.68%)

$40,727,133 (35.69%)

$30,015,533 (31.42%)

$22,839,835 (19.83%)

Earning Before Interest & Taxes (EBIT)

$79,413,000 (-6.13%)

$84,602,000 (111.16%)

$40,066,000 (-14.46%)

$46,840,000 (-15.70%)

Gross Profit

$204,439,000 (14.77%)

$178,135,000 (49.32%)

$119,300,000 (45.11%)

$82,215,000 (20.79%)

Operating Income

$175,406,000 (13.87%)

$154,037,000 (57.32%)

$97,913,000 (54.86%)

$63,226,000 (21.46%)

CSWC Cash Flow Statement (MRY)


Metric

2025

2024

2023

2022

Net Cash Flow from Investing

-$1,666,000 (-12715.38%)

-$13,000 (95.37%)

-$281,000 (85.91%)

-$1,995,000 (0%)

Net Cash Flow from Financing

$231,522,000 (16.23%)

$199,197,000 (-16.14%)

$237,535,000 (44.41%)

$164,488,000 (91.00%)

Net Cash Flow from Operations

-$217,258,000 (-15.26%)

-$188,496,000 (17.00%)

-$227,100,000 (-24.32%)

-$182,675,000 (-167.65%)

Net Cash Flow / Change in Cash & Cash Equivalents

$12,598,000 (17.87%)

$10,688,000 (5.26%)

$10,154,000 (150.31%)

-$20,182,000 (-212.94%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$1,666,000 (-12715.38%)

-$13,000 (95.37%)

-$281,000 (85.91%)

-$1,995,000 (0%)

Issuance (Repayment) of Debt Securities

$181,004,000 (48.69%)

$121,732,000 (13.98%)

$106,804,000 (-15.49%)

$126,379,000 (66.52%)

Issuance (Purchase) of Equity Shares

$178,493,000 (-1.63%)

$181,453,000 (-10.59%)

$202,956,000 (106.80%)

$98,141,000 (94.69%)

Payment of Dividends & Other Cash Distributions

-$125,267,000 (-21.71%)

-$102,925,000 (-44.76%)

-$71,102,000 (-21.28%)

-$58,624,000 (-46.76%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$6,963,000 (54.12%)

$4,518,000 (21.94%)

$3,705,000 (3.35%)

$3,585,000 (21.77%)

Depreciation Amortization & Accretion

$5,865,000 (36.27%)

$4,304,000 (56.51%)

$2,750,000 (23.32%)

$2,230,000 (13.37%)

CSWC Financial Metrics (MRY)


Metric

2025

2024

2023

2022

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

34.50% (-26.28%)

46.80% (68.95%)

27.70% (-46.83%)

52.10% (-30.35%)

EBITDA Margin

41.70% (-16.43%)

49.90% (39.00%)

35.90% (-39.87%)

59.70% (-29.35%)

Return on Average Equity (ROAE)

8.60% (-28.33%)

12.00% (87.50%)

6.40% (-41.82%)

11.00% (-34.52%)

Return on Average Assets (ROAA)

4.10% (-29.31%)

5.80% (100.00%)

2.90% (-39.58%)

4.80% (-36.00%)

Return on Sales (ROS)

38.80% (-18.32%)

47.50% (41.37%)

33.60% (-41.05%)

57.00% (-30.15%)

Return on Invested Capital (ROIC)

3.20% (-20.00%)

4.00% (73.91%)

2.30% (-32.35%)

3.40% (-37.04%)

Dividend Yield

11.40% (15.15%)

9.90% (-22.66%)

12.80% (20.75%)

10.60% (13.98%)

Price to Earnings Ratio (P/E)

15.18 (24.70%)

12.18 (-24.67%)

16.16 (27.38%)

12.69 (52.89%)

Price to Sales Ratio (P/S)

5.18 (-9.23%)

5.71 (27.59%)

4.47 (-32.15%)

6.59 (6.22%)

Price to Book Ratio (P/B)

1.28 (-10.00%)

1.42 (36.41%)

1.04 (-22.83%)

1.35 (3.06%)

Debt to Equity Ratio (D/E)

1.13 (6.70%)

1.06 (-6.19%)

1.13 (-14.00%)

1.31 (10.61%)

Earnings Per Share (EPS)

1.47 (-28.29%)

2.05 (86.36%)

1.1 (-41.18%)

1.87 (-29.96%)

Sales Per Share (SPS)

4.31 (-1.49%)

4.37 (10.04%)

3.98 (10.42%)

3.6 (0.81%)

Free Cash Flow Per Share (FCFPS)

-4.61 (0.32%)

-4.63 (38.89%)

-7.58 (6.31%)

-8.09 (-125.77%)

Book Value Per Share (BVPS)

18.62 (0.37%)

18.55 (-5.67%)

19.67 (6.75%)

18.43 (4.45%)

Tangible Assets Book Value Per Share (TABVPS)

39.68 (3.81%)

38.22 (-8.78%)

41.9 (-1.74%)

42.64 (10.49%)

Enterprise Value Over EBIT (EV/EBIT)

25 (25.00%)

20 (-33.33%)

30 (36.36%)

22 (57.14%)

Enterprise Value Over EBITDA (EV/EBITDA)

23.61 (21.53%)

19.43 (-30.95%)

28.13 (31.20%)

21.44 (58.24%)

Asset Turnover

0.12 (-3.23%)

0.12 (20.39%)

0.1 (11.96%)

0.09 (-8.00%)

Current Ratio

-

-

-

-

Dividends

$2.54 (2.83%)

$2.47 (8.33%)

$2.28 (-9.52%)

$2.52 (22.93%)

Free Cash Flow (FCF)

-$218,924,000 (-16.13%)

-$188,509,000 (17.10%)

-$227,381,000 (-23.13%)

-$184,670,000 (-170.57%)

Enterprise Value (EV)

$2,013,167,669 (16.57%)

$1,727,039,229 (43.39%)

$1,204,400,625 (14.48%)

$1,052,040,932 (34.98%)

Earnings Before Tax (EBT)

$79,413,000 (-6.13%)

$84,602,000 (111.16%)

$40,066,000 (-14.46%)

$46,840,000 (-15.70%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$85,278,000 (-4.08%)

$88,906,000 (107.65%)

$42,816,000 (-12.75%)

$49,070,000 (-14.70%)

Invested Capital

$2,794,034,000 (21.73%)

$2,295,338,000 (22.50%)

$1,873,743,000 (25.66%)

$1,491,114,000 (37.40%)

Working Capital

-

-

-

-

Tangible Asset Value

$1,882,840,000 (20.95%)

$1,556,758,000 (23.78%)

$1,257,684,000 (29.13%)

$973,957,000 (32.41%)

Market Capitalization

$1,128,986,669 (5.24%)

$1,072,809,229 (74.59%)

$614,459,625 (8.23%)

$567,756,932 (28.96%)

Average Equity

$820,666,000 (18.48%)

$692,654,000 (33.16%)

$520,151,000 (33.52%)

$389,561,000 (28.47%)

Average Assets

$1,705,108,750 (18.82%)

$1,435,040,250 (24.06%)

$1,156,742,750 (28.91%)

$897,345,500 (31.59%)

Invested Capital Average

$2,513,936,500 (18.39%)

$2,123,400,500 (21.94%)

$1,741,314,750 (27.42%)

$1,366,625,750 (33.88%)

Shares

50,581,840 (17.68%)

42,981,139 (24.37%)

34,559,034 (44.44%)

23,925,703 (20.42%)