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Capital Southwest CSWC Net change in unrealized appreciation/(depreciation) on investments

Net change in unrealized appreciation/(depreciation) on investments at other companies

Hercules Capital logo
Hercules CapitalHTGC
-$15.57M+68.6%
Blue Owl Capital logo
Blue Owl CapitalOBDC
-$51.9M+65.3%
Goldman Sachs BDC logo
Goldman Sachs BDCGSBD
-$144.72M+17.0%
Golub Capital logo
Golub CapitalGBDC
$9.86M+106%
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
-$485.94M-152%

Other financials

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

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Market cap$1.43B+24.4%
Enterprise value$2.53B+22.8%
P/E12.6×-3.6×

Returns & leverage

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

Where this comes from

Reported directly by Capital Southwest in its filing.

Tagged under the XBRL concept us-gaap:InvestmentCompanyDistributableEarningsLossAccumulatedAppreciationDepreciation.

The official record: Capital Southwest’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Capital Southwest's net change in unrealized appreciation/(depreciation) on investments?
Capital Southwest (CSWC) reported net change in unrealized appreciation/(depreciation) on investments of -$98.57M in Q1 2026.
How has Capital Southwest's net change in unrealized appreciation/(depreciation) on investments changed year-over-year?
Capital Southwest's net change in unrealized appreciation/(depreciation) on investments decreased by 22.7% year-over-year, from -$80.31M to -$98.57M.
What is the long-term trend for Capital Southwest's net change in unrealized appreciation/(depreciation) on investments?
Over 5 years (2021 to 2026), Capital Southwest's net change in unrealized appreciation/(depreciation) on investments has grown at a 164.2% compound annual growth rate (CAGR), from -$766K to -$98.57M.
What does net change in unrealized appreciation/(depreciation) on investments mean?
This metric represents the period-over-period change in the fair value of the investment portfolio that has not yet been realized through a sale or exit. It reflects market-based fluctuations in the valuation of debt and equity holdings, serving as a key indicator of unrealized portfolio performance. Investors use this to assess the volatility and potential future capital gains or losses inherent in the investment strategy.