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MidCap Financial Investment Corporation

MFIC

MidCap Financial Investment Corporation (MFIC) is a closed-end, externally managed business development company (BDC) that specializes in providing financing solutions to privately held U.S. middle-market companies.

Market cap
$807.25M-29.7%
Net income$49.0M-50.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (in a month)
Revenue estimate$74.6M
EPS estimate$0.37

Financials

Q4 2025

Income statement

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Net income-$26.9M-189%

Balance sheet

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Cash & equivalents$42.7M-49.8%
Total debt$1.9B-3.4%
Total equity$1.2B+1,161%
Total assets$3.1B-8.5%

Cash flow

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Operating cash flow$169.4M+229%

Valuation & ratios

Valuation

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Market cap$807.25M-29.7%
Enterprise value$2.63B-12.1%
P/E16.5×-0.6×

Returns & leverage

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Return on equity106.9%-29.0pp
Debt / equity1.6×-19.2×

Competitors

Profile

MidCap Financial Investment Corporation (MFIC) is a closed-end, externally managed business development company (BDC) that specializes in providing financing solutions to privately held U.S. middle-market companies. The company primarily focuses on generating current income and long-term capital appreciation by investing in directly originated and privately negotiated first lien senior secured loans. MFIC leverages the broader investment platform of Apollo Global Management to source and manage a diversified portfolio of debt and equity investments across numerous industries.

Competitive position

MFIC is a leading middle-market lender that benefits from its affiliation with Apollo Global Management's extensive credit platform and capital markets expertise.

GeographiesUnited States
Customer segmentsMiddle-market companies, Private equity sponsors
Business modelDirect Lending, Investment Management, Business Development Company (BDC)
SuppliersEquity capital from public stockholders, Debt financing from commercial banks, Investment advisory services from AIM, Administrative services from AIA
CustomersMiddle-market borrowers, Financial sponsors, Portfolio companies requiring managerial assistance
Listed2004
CEOTanner Powell
FilingsSEC EDGAR

Questions, answered.

What is MidCap Financial Investment Corporation's market cap?
MidCap Financial Investment Corporation (MFIC) has a market capitalization of $807.3M and trades on NASDAQ.
Who are MidCap Financial Investment Corporation's competitors?
MidCap Financial Investment Corporation's key competitors include FS KKR Capital Corp., Ares Capital Corporation, Main Street Capital Corporation, and others. These companies compete in similar markets and product categories.
Who does MidCap Financial Investment Corporation partner with?
MidCap Financial Investment Corporation's notable partners include Apollo Global Management, Inc., Apollo Senior Floating Rate Fund Inc., Apollo Tactical Income Fund Inc..
What subsidiaries does MidCap Financial Investment Corporation have?
MidCap Financial Investment Corporation's subsidiaries include Merx Aviation Finance, LLC, AFT Merger Sub, Inc., AIF Merger Sub, Inc..
Where is MidCap Financial Investment Corporation headquartered?
MidCap Financial Investment Corporation is headquartered in United States of America. It has been publicly traded since 2004.