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Bain Capital Specialty Finance, Inc. logo

Bain Capital Specialty Finance, Inc.

BCSF

NYSEFinancial ServicesAsset Management

Open in GoAI

Previous close

$12.06

−$0.04 · -0.33%

Aug 21, 4:00 PM ET

BCSF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

39

Weakening

Sentiment

51

Mixed

Risk resilience

68

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Bain Capital Specialty Finance, Inc. functions as a business development company (BDC) whose primary focus is providing direct debt solutions to companies in the middle market segment. The fund's investment mandate is broad, covering a spectrum of debt instruments. This includes various forms of secured senior debt, such as first-lien, stretch senior, and second-lien facilities. It also invests in hybrid financing structures like unitranche loans, as well as subordinated or junior capital, which encompasses mezzanine debt and other junior securities. Furthermore, the firm engages in the secondary acquisition of assets or portfolios, primarily comprising corporate debt from middle-market businesses. Generally, Bain Capital Specialty Finance targets companies that generate annual earnings before interest, taxes, depreciation, and amortization (EBITDA) between $10 million and $150 million.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Michael Alexander Ewald
Listed since
Nov 15, 2018
Employees
0

Market position

Day range

Current $12.06

52-week range

Current $12.06

Open
$12.15
Previous close
$12.10
Volume
303.07K
0.86× average
Average volume
352.11K
Average daily volume
Market cap
782.31M USD
Beta
0.64
Market reference 1
50-day average
$12.5572
-3.96% below average
200-day average
$13.1794
-8.49% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.31B USD
P/E (TTM)
12.15×
P/B (TTM)
0.72×
P/S (TTM)
4.06×
EV / EBITDA
12.64×
Earnings yield
10.95%
Free cash flow yield
3.27%
Dividend yield
15.67%

Profitability & efficiency

Gross margin
66.56%
Operating margin
56.74%
Net margin
33.20%
Return on equity
8.84%
Return on assets
3.71%
Return on invested capital
6.55%

Financial health

Debt / equity
1.39×
Current ratio
0.35×
Altman Z-score
0.58
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%66%52%38%Gross margin, FY2021: 70.73%Gross margin, FY2022: 69.01%Gross margin, FY2023: 63.30%Gross margin, FY2024: 64.92%Gross margin, FY2025: 76.88%Operating margin, FY2021: 68.38%Operating margin, FY2022: 62.97%Operating margin, FY2023: 58.13%Operating margin, FY2024: 58.20%Operating margin, FY2025: 75.63%Net margin, FY2021: 68.30%Net margin, FY2022: 62.48%Net margin, FY2023: 56.59%Net margin, FY2024: 56.10%Net margin, FY2025: 41.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.73%. Gross margin FY2022 69.01%. Gross margin FY2023 63.30%. Gross margin FY2024 64.92%. Gross margin FY2025 76.88%. Operating margin FY2021 68.38%. Operating margin FY2022 62.97%. Operating margin FY2023 58.13%. Operating margin FY2024 58.20%. Operating margin FY2025 75.63%. Net margin FY2021 68.30%. Net margin FY2022 62.48%. Net margin FY2023 56.59%. Net margin FY2024 56.10%. Net margin FY2025 41.29%.

Income trends

Revenue

239.2M USD+12.36%

Operating income

180.9M USD+46.01%

Net income

98.76M USD-17.30%
Income trends across reported periods253.24M USD197.06M USD140.89M USD84.71M USDRevenue, FY2021: 175.41M USDRevenue, FY2022: 168.83M USDRevenue, FY2023: 218M USDRevenue, FY2024: 212.88M USDRevenue, FY2025: 239.2M USDOperating income, FY2021: 119.94M USDOperating income, FY2022: 106.32M USDOperating income, FY2023: 126.73M USDOperating income, FY2024: 123.89M USDOperating income, FY2025: 180.9M USDNet income, FY2021: 119.81M USDNet income, FY2022: 105.48M USDNet income, FY2023: 123.38M USDNet income, FY2024: 119.42M USDNet income, FY2025: 98.76M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 175.41M USD. Revenue FY2022 168.83M USD. Revenue FY2023 218M USD. Revenue FY2024 212.88M USD. Revenue FY2025 239.2M USD. Operating income FY2021 119.94M USD. Operating income FY2022 106.32M USD. Operating income FY2023 126.73M USD. Operating income FY2024 123.89M USD. Operating income FY2025 180.9M USD. Net income FY2021 119.81M USD. Net income FY2022 105.48M USD. Net income FY2023 123.38M USD. Net income FY2024 119.42M USD. Net income FY2025 98.76M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue239.2M USD212.88M USD218M USD168.83M USD175.41M USD
Cost of goods sold55.31M USD74.69M USD80.01M USD52.32M USD51.35M USD
Gross profit183.89M USD138.19M USD137.99M USD116.51M USD124.06M USD
Selling, general, and administrative—14.3M USD11.26M USD9.44M USD8.62M USD
Operating expenses2.99M USD14.3M USD11.26M USD10.19M USD4.12M USD
Interest income273.24M USD222.24M USD228.55M USD166.27M USD167.34M USD
Interest expense80.59M USD74.69M USD80.01M USD52.32M USD51.35M USD
Operating income180.9M USD123.89M USD126.73M USD106.32M USD119.94M USD
Net income98.76M USD119.42M USD123.38M USD105.48M USD119.81M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 3 misses, 1 met estimate
Average EPS surprise
+2.17%
11 comparable reports
Latest EPS result
0.44
Estimate 0.42 · Beat by 4.29%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.560.50.440.38Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MetQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.52, estimate 0.49, surprise +6.12%, Beat. Q2 2025, reported May 5, 2025: actual 0.5, estimate 0.48, surprise +4.17%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.47, estimate 0.43, surprise +9.30%, Beat. Q4 2025, reported Nov 10, 2025: actual 0.45, estimate 0.45, surprise 0.00%, Met estimate. Q1 2026, reported Feb 26, 2026: actual 0.46, estimate 0.45, surprise +2.22%, Beat. Q2 2026, reported May 11, 2026: actual 0.42, estimate 0.44, surprise -4.55%, Miss. Q3 2026, reported Aug 10, 2026: actual 0.44, estimate 0.422, surprise +4.29%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.44, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates77.43M59.42M41.4M23.39MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 27.11M USD, estimate 67.5M USD, surprise -59.83%, Miss. Q2 2025, reported May 5, 2025: actual 51.99M USD, estimate 71M USD, surprise -26.78%, Miss. Q3 2025, reported Aug 5, 2025: actual 73.71M USD, estimate 66.7M USD, surprise +10.50%, Beat. Q4 2025, reported Nov 10, 2025: actual 42.67M USD, estimate 69.53M USD, surprise -38.62%, Miss. Q1 2026, reported Feb 26, 2026: actual 68.2M USD, estimate 68.48M USD, surprise -0.41%, Miss. Q2 2026, reported May 11, 2026: actual 66.17M USD, estimate 65.58M USD, surprise +0.91%, Beat. Q3 2026, reported Aug 10, 2026: actual 62.35M USD, estimate 64.44M USD, surprise -3.24%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 60.54M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$13.00

7.79% upside
Past 12 months12-month forecastHigh $13.00Average $13.00Low $13.00

Rating distribution

8 ratings
Strong buy00%
Buy113%
Hold788%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions

BCSF news

defenseworld.net

Bank of America Corp DE Has $33.95 Million Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Bank of America Corp DE lowered its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE: BCSF) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the…

Read source
seekingalpha.com

Bain Capital Specialty Finance: The Dividend Cut Is Coming (Rating Downgrade)

BCSF has several signs of an upcoming dividend cut. Its nearly 15% forward yield is unsustainable, with only a 5% NII margin of safety and special dividends already halted. Upcoming $300M debt refinancing at higher rates…

Read source
marketbeat.com

Bain Capital Specialty Finance Q2 Earnings Call Highlights

Bain Capital Specialty Finance NYSE: BCSF reported second-quarter net investment income of $28.6 million, or $0.44 per share, which covered its $0.42-per-share base dividend by 105%, the company said during its earnings…

Read source
seekingalpha.com

Bain Capital Specialty Finance, Inc. (BCSF) Q2 2026 Earnings Call Transcript

Bain Capital Specialty Finance, Inc. (BCSF) Q2 2026 Earnings Call Transcript

Read source
businesswire.com

Bain Capital Specialty Finance, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.42 per Share

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the second quarter ended June 30, 2026, and that its Board of Directors (the…

Read source
businesswire.com

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2026

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced it will report its financial results for the second quarter ended June 30, 2026 on Monday, August…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.95

2025 complete year+43.4% since 2021

2026 partial: $0.84

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.42

Quarterly

Record Sep 15, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.42

Quarterly

Record Jun 15, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Mar 16, 2026

$0.42

Irregular

Record Mar 16, 2026 · Payment Mar 30, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.15

Special

Record Dec 31, 2025 · Payment Jan 26, 2026

Dividend

Ex-dividend Dec 16, 2025

$0.45

Special

Record Dec 16, 2025 · Payment Dec 30, 2025

Dividend

Ex-dividend Sep 16, 2025

$0.45

Special

Record Sep 16, 2025 · Payment Sep 30, 2025

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Mastercard Incorporated logo

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Bank of America Corporation logo

BAC

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$61.69

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ETFs holding BCSF

Funds reporting this stock among their holdings, ordered by reported position size.

VanEck BDC Income ETF logoVanEck BDC Income ETFBIZD
Market value
12.57M
Weight
0.74%
AUM
1.69B USD
Expense ratio
9.69%
Price / 1D
$13.29—
Putnam BDC Income ETF logoPutnam BDC Income ETFPBDC
Market value
6.5M
Weight
2.08%
AUM
317.93M USD
Expense ratio
13.49%
Price / 1D
$28.07—
FT Confluence BDC & Specialty Finance Income ETF logoFT Confluence BDC & Specialty Finance Income ETFFBDC
Market value
820.57K
Weight
2.35%
AUM
34.71M USD
Expense ratio
0.95%
Price / 1D
$17.6695—
Virtus Private Credit Strategy ETF logoVirtus Private Credit Strategy ETFVPC
Market value
371.18K
Weight
1.24%
AUM
30.68M USD
Expense ratio
10.60%
Price / 1D
$15.745—
WHITEWOLF Publicly Listed Private Equity ETF logoWHITEWOLF Publicly Listed Private Equity ETFLBO
Market value
60K
Weight
0.76%
AUM
9.66M USD
Expense ratio
6.71%
Price / 1D
$27.215—
Simplify VettaFi Private Credit Strategy ETF logoSimplify VettaFi Private Credit Strategy ETFPCR
Market value
42.47K
Weight
1.72%
AUM
2.46M USD
Expense ratio
0.76%
Price / 1D
$19.705—

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