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Capital Southwest

CSWC

Capital Southwest Corp is an internally managed business development company (BDC) that provides customized financing solutions to lower middle market companies.

Market cap
$1.46B+16.8%
Net income$113.0M+60.2%
Free cash flow-$193.8M+11.5%
EPS (diluted)$1.90+28.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 3, 2026 (In 5 days)
Revenue estimate$61.2M
EPS estimate$0.55

Financials

Q4 2026

Income statement

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Net income$27.5M+56.5%
EPS (diluted)$0.44+25.7%

Balance sheet

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Cash & equivalents$29.4M-34.4%
Total debt$1.1B+18.2%
Total equity$1.0B+14.4%
Total assets$2.2B+15.7%

Cash flow

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Operating cash flow-$59.1M-0.7%
CapEx$49.0K-87.6%
Free cash flow-$59.2M-0.1%

Valuation & ratios

Valuation

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Market cap$1.46B+16.8%
Enterprise value$2.57B+12.0%
P/E13×-2.2×

Returns & leverage

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Return on equity11.9%+3.3pp
Debt / equity1.1×0.0×

Competitors

Profile

Capital Southwest Corp is an internally managed business development company (BDC) that provides customized financing solutions to lower middle market companies. The firm specializes in first lien debt securities and equity investments to support growth, changes of control, and corporate events. Its core value proposition lies in its internal management structure, which eliminates external advisory fees and allows for direct alignment with portfolio company performance.

Competitive position

A leading internally managed BDC focused on the underserved lower middle market, leveraging a lower cost structure compared to externally managed peers.

GeographiesUnited States
Customer segmentsLower Middle Market Enterprises, Private Equity-backed Companies
Business modelDirect Lending, Equity Participation, Internally Managed BDC
SuppliersInstitutional Investors, Public Equity Markets, Credit Facility Providers, U.S. Small Business Administration
CustomersLower Middle Market Portfolio Companies, Management Teams, Financial Sponsors
Listed1990
Employees27.0
CEOMichael Scott Sarner
FilingsSEC EDGAR

Questions, answered.

What is Capital Southwest's market cap?
Capital Southwest (CSWC) has a market capitalization of $1.5B and trades on NASDAQ.
Who are Capital Southwest's competitors?
Capital Southwest's key competitors include Main Street Capital Corporation, Hercules Capital, Inc., Ares Capital Corporation, and others. These companies compete in similar markets and product categories.
Who does Capital Southwest partner with?
Capital Southwest's notable partners include Trinity Capital Inc., CapTrin Partners LLC.
What subsidiaries does Capital Southwest have?
Capital Southwest's subsidiaries include Capital Southwest Equity Investments, Inc., Capital Southwest SPV LLC, Capital Southwest SBIC I, LP, and others.
Where is Capital Southwest headquartered?
Capital Southwest is headquartered in United States of America and employs approximately 27 people. It has been publicly traded since 1990.