MSC Income Fund, Inc.

NYSE:MSIF Stock Report

Market Cap: US$518.7m

MSC Income Fund Future Growth

Future criteria checks 0/6

MSC Income Fund's earnings are forecast to decline at 12.6% per annum while its annual revenue is expected to grow at 6.7% per year. EPS is expected to decline by 10.4% per annum. Return on equity is forecast to be 9.6% in 3 years.

Key information

-12.6%

Earnings growth rate

-10.36%

EPS growth rate

Capital Markets earnings growth11.9%
Revenue growth rate6.7%
Future return on equity9.65%
Analyst coverage

Good

Last updated18 Jun 2026

Recent future growth updates

No updates

Recent updates

Seeking Alpha • May 27

MSC Income Fund: Steep Discount Improves Setup, But 1 Huge Reason Keeps Me From Upgrading

Summary MSC Income Fund trades at a 26% discount to NAV with a 12% yield, but I remain cautious and rate it a hold. Slower private loan activity and a weakening economy have pressured net investment income and increased non-accruals, limiting near-term upside. MSIF's new monthly dividend policy and low leverage offer long-term appeal, yet economic risks and a short track record temper enthusiasm. Share buybacks and NAV growth are positives, but persistent inflation and borrower stress may keep shares rangebound in the near term. Read the full article on Seeking Alpha
New Narrative • Mar 09

Expanded Private Credit Portfolio And Higher Leverage Capacity Will Support Long Term Income Potential

Catalysts About MSC Income Fund MSC Income Fund is a business development company that provides private loans and lower middle market financing to diversified smaller and mid sized private companies. What are the underlying business or industry changes driving this perspective?
Seeking Alpha • Mar 26

MSC Income Fund: I Like What I See, But Investors Shouldn't Get Too Excited Yet

Summary MSC Income Fund, managed by Main Street Capital, shows stable financials and growth but has a short track record, making it a hold for now. The BDC's leverage ratio is solid at 0.90x, and it has less exposure to floating-rate debt compared to peers, which is a positive. MSC Income Fund takes equity stakes in all lower middle-market borrowers, providing additional income sources and unrealized appreciation. Despite strong metrics, the lack of a long-term track record and potential economic volatility warrant a cautious approach before upgrading the rating. Read the full article on Seeking Alpha
Seeking Alpha • Mar 09

MSIF: Similar To MAIN, Just Better

Summary MSC Income Fund (MSIF) is a newly publicly traded BDC with a very similar strategy and portfolio as MAIN. In fact it is externally managed by MAIN. Yet, the most notable difference lies in the P/NAV multiples. For MSIF the metric stands at 1.1x, while for MAIN at 1.9x. In the article I share several reasons why I like MSIF much better than MAIN and why I will likely add it to my actual BDC portfolio by the end of this month. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:MSIF - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202816667N/AN/A1
12/31/202715865N/A147
12/31/202614661N/A-1097
3/31/202614086-16-16N/A
12/31/202513989-70-70N/A
9/30/202513879-40-40N/A
6/30/202513660-28-28N/A
3/31/202513462-89-89N/A
12/31/202413557-28-28N/A
9/30/2024136572828N/A
6/30/202413563-9-9N/A
3/31/2024134652222N/A
12/31/2023131665050N/A
9/30/2023127575656N/A
6/30/2023120598585N/A
3/31/2023111426161N/A
12/31/2022104467777N/A
9/30/20229854-43-43N/A
6/30/20229556-86-86N/A
3/31/20229377-159-159N/A
12/31/20219074-191-191N/A
9/30/20218667-27-27N/A
6/30/202183911212N/A
3/31/20218389145145N/A
12/31/202087-10196196N/A
9/30/202092-21133133N/A
6/30/2020100-55131131N/A
3/31/2020107-65152152N/A
12/31/201911240N/A120N/A
9/30/201911625N/A105N/A
6/30/201911843N/A86N/A
3/31/201911744N/A13N/A
12/31/201811140N/A-40N/A
9/30/201810765N/A28N/A
6/30/201810250N/A-31N/A
3/31/201810055N/A-60N/A
12/31/201710253N/A12N/A
9/30/201710168N/A-120N/A
6/30/20179882N/A-23N/A
3/31/20179483N/A-7N/A
12/31/20168667N/A-72N/A
9/30/20168618N/A-44N/A
6/30/201681-15N/A-215N/A
3/31/201675-20N/A-293N/A
12/31/201565-7N/A-425N/A
9/30/2015535N/A-508N/A
6/30/20154217N/A-490N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSIF's earnings are forecast to decline over the next 3 years (-12.6% per year).

Earnings vs Market: MSIF's earnings are forecast to decline over the next 3 years (-12.6% per year).

High Growth Earnings: MSIF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MSIF's revenue (6.7% per year) is forecast to grow slower than the US market (12.7% per year).

High Growth Revenue: MSIF's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MSIF's Return on Equity is forecast to be low in 3 years time (9.6%).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/26 20:04
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MSC Income Fund, Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sean-Paul AdamsB. Riley Securities, Inc.
Brian MckennaCitizens JMP Securities, LLC
Paul JohnsonKeefe, Bruyette, & Woods