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+8.4% | $701K+9.9% | $682K+8.8% | $671K+8.4% | $658K+7.7% | |
| Incentive fees | $15.85M+26.2% | $14.54M+5.9% | $13.68M-3.9% | $12.16M-15.9% | $12.56M-10.3% | |
| Management Service, Base | $23.19M-3.0% | $22.87M-4.2% | $23.21M-1.1% | $23.73M+3.1% | $23.91M+5.5% | |
| Net assets, percentage (as a percent) by Geography | ||||||
| Southeast | 35.2%+11.2pp | 30.9%+5.3pp | 27.2%+0.1pp | 24.3%-3.9pp | 24%-5.2pp | |
| Southwest | 140.5%+7.9pp | 141.5%+12.7pp | 138.9%+12.8pp | 134.9%+11.2pp | 132.6%+11.8pp | |
| US Midwest Region | 78.5%+1.1pp | 78.6%-0.8pp | 78.5%-2.4pp | 77.7%-3.7pp | 77.4%-4.1pp | |
| West | 71.6%+14.1pp | 68.2%+8.8pp | 63.6%+1.5pp | 59.5%-5.9pp | 57.5%-12.3pp | |
| Investments at fair value: by Geography | ||||||
| Southeast | $1.05B+60.7% | $905.15M+34.2% | $783.8M+12.8% | $683.6M-2.5% | $652.99M-6.9% | |
| Southwest | $4.18B+15.3% | $4.12B+20.7% | $3.98B+22.9% | $3.79B+23.1% | $3.63B+24.7% | |
| US Midwest Region | $2.34B+10.7% | $2.29B+9.2% | $2.25B+8.6% | $2.18B+7.7% | $2.11B+7.4% | |
| West | $2.13B+36.1% | $1.99B+27.0% | $1.83B+14.8% | $1.67B+3.1% | $1.57B-6.3% | |
| Concentration risk (as a percent) by Geography | ||||||
| Southeast | 25.8%— | 17.5%— | —— | —— | —— | |
| Southwest | 24.3%— | 23.4%— | 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.