Main Street Capital MAIN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues before waivers by Product | ||||||
| Administrative services fees | $713K+1.7% | $701K+2.8% | $682K+1.6% | $671K+2.0% | $658K+3.1% | |
| Incentive fees | $15.85M+9.0% | $14.54M+6.3% | $13.68M+12.5% | $12.16M-3.2% | $12.56M-8.6% | |
| Management Service, Base | $23.19M+1.4% | $22.87M-1.5% | $23.21M-2.2% | $23.73M-0.7% | $23.91M+0.1% | |
| Net assets, percentage (as a percent) by Geography | ||||||
| Southeast | 35.2%+4.3pp | 30.9%+3.7pp | 27.2%+2.9pp | 24.3%+0.3pp | 24%-1.6pp | |
| Southwest | 140.5%-1.0pp | 141.5%+2.6pp | 138.9%+4.0pp | 134.9%+2.3pp | 132.6%+3.8pp | |
| US Midwest Region | 78.5%-0.1pp | 78.6%+0.1pp | 78.5%+0.8pp | 77.7%+0.3pp | 77.4%-2.0pp | |
| West | 71.6%+3.4pp | 68.2%+4.6pp | 63.6%+4.1pp | 59.5%+2.0pp | 57.5%-1.9pp | |
| Investments at fair value: by Geography | ||||||
| Southeast | $1.05B+15.9% | $905.15M+15.5% | $783.8M+14.7% | $683.6M+4.7% | $652.99M-3.2% | |
| Southwest | $4.18B+1.4% | $4.12B+3.6% | $3.98B+5.1% | $3.79B+4.5% | $3.63B+6.2% | |
| US Midwest Region | $2.34B+1.9% | $2.29B+1.7% | $2.25B+3.2% | $2.18B+3.4% | $2.11B+0.5% | |
| West | $2.13B+7.1% | $1.99B+9.0% | $1.83B+9.3% | $1.67B+6.7% | $1.57B-0.1% | |
| Concentration risk (as a percent) by Geography | ||||||
| Southeast | 25.8%+8.3pp | 17.5%— | —— | —— | —— | |
| Southwest | 24.3%+0.9pp | 23.4%-2.5pp | 25.9%— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Main Street Capital break its business down?
- Main Street Capital (MAIN) reports total revenues before waivers by product across 3 parts — Administrative services fees, Incentive fees and Management Service, Base. Each is extracted from the segment footnotes and tracked over time.
- Where does Main Street Capital's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Main Street Capital's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.