CSWC: Capital Southwest Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Capital Southwest Corp (CSWC).
$1.13B Market Cap.
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 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%) |
