Operating Margin

Watchlist Manager

Watchlist

Price: 62.75 USD -1.89%

Market Cap: 5.6B USD

64.7%

Declining

by 1.5%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

64.7%

Operating Income

$363m

Revenue

$561.3m

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

64.7%

Operating Income

$363m

Revenue

$561.3m

Peer Comparison

Country		Company	Market Cap	Operating Margin
US		Main Street Capital Corp NYSE:MAIN	5.6B USD	Loading...
US		Blackstone Inc NYSE:BX	194.5B USD	Loading...
US		BlackRock Inc NYSE:BLK	177B USD	Loading...
US		KKR & Co Inc NYSE:KKR	114.7B USD	Loading...
CA		Brookfield Corp NYSE:BN	106.3B USD	Loading...
ZA	N	Ninety One Ltd JSE:NY1	93.6B Zac	Loading...
US		BROOKFIELD ASSET MANAGEMENT LTD F:RW5	72.3B EUR	Loading...
CA		Brookfield Asset Management Inc NYSE:BAM	85.1B USD	Loading...
CA	B	BROOKFIELD ASSET MANAGEMENT LTD TSX:BAM	117B CAD	Loading...
US		Bank of New York Mellon Corp NYSE:BK	83.5B USD	Loading...
LU	R	Reinet Investments SCA JSE:RNI	80.1B Zac	Loading...

Market Distribution

Min	-4 087 900%
30th Percentile	-5.1%
Median	6%
70th Percentile	14.8%
Max	1 032 600%

Other Profitability Ratios

Main Street Capital Corp
Glance View

Economic Moat

None

Market Cap

5.6B USD

Industry

Financial Services

Main Street Capital Corp., headquartered in Houston, Texas, has carved out a distinct niche in the financial landscape as a powerhouse in the realm of lower middle market investments. Emerging in 2007, Main Street has built its business model around providing debt and equity to smaller companies - a segment often overlooked by traditional banks. Their approach involves partnering with these businesses, offering capital in exchange for the potential growth returns. Main Street's investments typically target companies with annual revenues between $10 million and $150 million. This strategic focus enables the corporation to forge personal relationships with business owners, crafting tailored financial solutions that fuel growth and operational success. The corporation thrives by marrying capital infusion with management expertise, thus enhancing its portfolio companies' potential value. Main Street Capital profits principally from the interest and dividends generated by these investments, as well as potential capital gains from equity stakes. This model not only diversifies its income streams but adds a layer of stability, as the company can reap rewards both from successful business ventures and consistent financial returns. Moreover, as a Business Development Company (BDC), Main Street enjoys tax advantages, distributing at least 90% of its taxable income to shareholders in the form of dividends. This revenue-sharing mechanism underscores the company’s commitment to delivering value back to its investors, and it illustrates how Main Street Capital balances risk with opportunity in the pursuit of profitable growth.

View MAIN Analysis

MAIN Intrinsic Value

Show

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Main Street Capital Corp
NYSE:MAIN

Peer Comparison

Market Distribution

Other Profitability Ratios

Main Street Capital Corp
Glance View

See Also

Company

Help

Tools

Stocks

52 Week Range	49.15 67.54
Price Target

Main Street Capital Corp NYSE:MAIN