Symbols / CSWC Stock $23.50 +0.21% Capital Southwest Corporation

Financial Services • Asset Management • United States • NMS
CSWC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Michael Scott Sarner
Exch · Country NMS · United States
Market Cap 1.41B
Enterprise Value 1.73B
Income 101.47M
Sales 226.74M
FCF (ttm) 87.00M
Book/sh 16.75
Cash/sh 0.25
Employees 30
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 152.14%
P/E 12.98
Forward P/E 10.31
PEG 12.54
P/S 6.24
P/B 1.40
P/C —
EV/EBITDA 8.60
EV/Sales 7.63
Quick Ratio 36.01
Current Ratio 37.60
Debt/Eq 119.31
LT Debt/Eq —
EPS (ttm) 1.81
EPS next Y 2.28
EPS Growth 28.70%
Revenue Growth -4.00%
EPS Gr Q/Q 32.20%
Rev Gr Q/Q —
Earnings (next) 2026-05-13
Earnings (prior) 2026-02-02
ROA 6.22%
ROE 11.29%
ROIC —
Gross Margin 100.00%
Oper. Margin 75.82%
Profit Margin 45.46%
Shs Outstand 60.16M
Shs Float 58.46M
Insider Own 2.75%
Instit Own 28.42%
Short Float 8.22%
Short Ratio 7.45
Short Interest 4.85M
52W High 24.42
vs 52W High -3.77%
52W Low 19.37
vs 52W Low 21.32%
Beta 0.77
Impl. Vol. 48.49%
Rel Volume 0.57
Avg Volume 651.35K
Volume 368.64K
Target (mean) $24.80
Tgt Median $25.00
Tgt Low $21.00
Tgt High $29.00
# Analysts 5
Recom Buy
Prev Close $23.45
Price $23.50
Change 0.21%
About

Capital Southwest Corporation is a business development company. The firm specializes in credit and private equity and venture capital investments in lower middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments. The firm does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing. In lower middle market, the firm typically invests in growth financing, bolt-on acquisitions, new platform acquisitions, refinancing, dividend recapitalizations, sponsor-led buyouts, and management buyout situations. The investment structures are unitranche debt, subordinated debt, senior debt, first and second lien debt, and preferred and common equity. The firm makes equity co-investments alongside debt investments, up to 20 percent of total check and only makes non-control investments. The firm is industry agnostic, but it prefers to invest in industrial manufacturing and services, value-added distribution, healthcare products and services, business services, specialty chemicals, food and beverage, tech-enabled services and SaaS models. The firm seeks to invest in energy services and products, industrial technologies, and specialty chemicals and products. Within energy services and products, the firm seeks to invest in each segment of the industry, including upstream, midstream and downstream, excluding exploration and production, with a focus on differentiated products and services, equipment and tool rental, consumable products, and drilling and completion chemicals. Within industrial technologies, it seeks to invest in automation and process controls, handling and packaging equipment, industrial filtration and fluid handling, measurement, monitoring and testing, professional tools, and sensors and instrumentation. Within specialty chemicals and products, the firm seeks to invest in businesses that develop and manufacture highly differentiated chemicals and products including adhesives, coatings and sealants, catalysts and absorbents, cosmeceuticals, fine chemicals, flavors and fragrances, performance lubricants, polymers, plastics and composites, chemical dispensing and filtration equipment, professional and industrial trade consumables and tools, engineered solutions for HVAC, plumbing, and electrical installations, specified high performance materials for fire protection and oilfield applications. It may also invest in exceptional opportunities in building products. The firm seeks to invest in the United States and North America. The firm seeks to make investments ranging from $5 million to $25 million in securities. Its typical financing size is between $5 million and $75 million, target hold size is between $5 million and $45 million, and the firm is willing to backstop up to $55 million with an active network of co-investors. It seeks to invest in firms with minimum EBITDA between $3 million and $25 million. In addition to making direct investments, the firm allocates capital to syndicated first and second lien term loans in the upper middle market. It prefers to take a majority or minority stake. The firm has the flexibility to hold investments for very long periods in its portfolio companies. It may also invest through warrants. The firm prefers to take board participation in its portfolio companies. Capital Southwest Corporation was founded on April 19, 1961 and is based in Dallas, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$24.80
Mean price target
2. Current target
$23.50
Latest analyst target
3. DCF / Fair value
$26.03
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.50
Low
$21.00
High
$29.00
Mean
$24.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-10-14 main UBS Neutral → Neutral $22
2025-09-05 init Clear Street — → Hold $22
2025-08-08 main Raymond James Outperform → Outperform $25
2025-08-08 main B. Riley Securities Buy → Buy $24
2025-07-16 main UBS Neutral → Neutral $23
2025-06-24 up JMP Securities Market Perform → Market Outperform $25
2025-05-16 main Raymond James Outperform → Outperform $23
2025-04-17 main UBS Neutral → Neutral $21
2024-10-30 main B. Riley Securities Neutral → Neutral $25
2024-08-07 main B. Riley Securities Neutral → Neutral $24
2024-05-15 down JMP Securities Market Outperform → Market Perform —
2024-03-26 reit JMP Securities Market Outperform → Market Outperform $26
2024-01-31 main B. Riley Securities Neutral → Neutral $24
2024-01-31 main Raymond James Outperform → Outperform $27
2024-01-08 down B. Riley Securities Buy → Neutral $24
2023-08-18 reit JMP Securities Market Outperform → Market Outperform $22
2023-08-09 main Raymond James Outperform → Outperform $24
2023-05-26 reit JMP Securities Market Outperform → Market Outperform $22
2023-04-14 reit JMP Securities — → Market Outperform $22
2023-04-11 init UBS — → Neutral $19
News
RSS: Latest CSWC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 SARNER MICHAEL SCOTT Chief Executive Officer — 2,694 $21.90 $59,013
2026-02-09 BATTIST CHRISTINE S Director — 600 $23.16 $13,895
2025-10-01 ROGERS-WINDSOR RAMONA LYNN Director — 463 $21.55 $9,979
2025-08-20 BATTIST CHRISTINE S Director — 667 $22.45 $14,972
2025-08-12 THOMAS WILLIAM R III Director — 2,193 $0.00 $0
2025-08-12 FURST JACK D Director — 2,193 $0.00 $0
2025-08-12 BATTIST CHRISTINE S Director — 2,193 $0.00 $0
2025-08-12 BROOKS DAVID R Director — 2,193 $0.00 $0
2025-08-12 ROGERS-WINDSOR RAMONA LYNN Director — 2,193 $0.00 $0
2025-06-23 ROGERS-WINDSOR RAMONA LYNN Director — 471 $21.19 $9,980
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
108.85
-0.19%
109.06
+77.47%
61.45
-25.96%
83.00
Operating Revenue
108.85
-0.19%
109.06
+77.47%
61.45
-25.96%
83.00
Operating Expense
29.44
+20.36%
24.46
+14.36%
21.39
-40.86%
36.16
Selling General And Administration
10.93
+22.10%
8.95
+14.55%
7.81
+18.98%
6.57
General And Administrative Expense
10.93
+22.10%
8.95
+14.55%
7.81
+18.98%
6.57
Other Operating Expenses
0.41
+12.74%
0.36
—
17.17
Reconciled Depreciation
5.87
+36.27%
4.30
+56.51%
2.75
+23.32%
2.23
Net Income
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Pretax Income
79.41
-6.13%
84.60
+111.16%
40.07
-14.46%
46.84
Net Interest Income
131.91
+12.11%
117.66
+54.39%
76.21
+56.99%
48.55
Interest Expense
54.96
+27.55%
43.09
+49.23%
28.87
+44.92%
19.92
Interest Income
186.87
+16.25%
160.75
+52.97%
105.08
+53.47%
68.47
Gain On Sale Of Security
-46.71
-17.93%
-39.61
-134.39%
-16.90
-332.26%
7.28
Tax Provision
8.87
+630.83%
1.21
-82.60%
6.97
+73.24%
4.03
Tax Rate For Calcs
0.00
+678.57%
0.00
-91.76%
0.00
+102.53%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Net Income From Continuing Operation Net Minority Interest
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Net Income From Continuing And Discontinued Operation
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Net Income Continuous Operations
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Normalized Income
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Diluted EPS
1.47
-28.29%
2.05
+86.36%
1.10
-41.18%
1.87
Basic EPS
1.47
-28.29%
2.05
+86.36%
1.10
-41.18%
1.87
Basic Average Shares
47.45
+16.50%
40.73
+35.69%
30.02
+31.42%
22.84
Diluted Average Shares
51.19
+25.68%
40.73
+35.69%
30.02
+31.42%
22.84
Diluted NI Availto Com Stockholders
75.12
-9.91%
83.39
+151.98%
33.09
-22.71%
42.81
Average Dilution Earnings
5.26
0.00
0.00
—
Preferred Stock Dividends
0.69
0.00
0.00
—
Line Item Trend 2023-03-31 2022-03-31
Total Assets
1,257.68
+29.13%
973.96
Cash And Cash Equivalents
21.59
+88.83%
11.43
Receivables
19.08
+33.00%
14.34
Taxes Receivable
0.37
+132.91%
0.16
Investments And Advances
1,206.39
+28.80%
936.61
Total Liabilities Net Minority Interest
667.28
+20.65%
553.09
Payables
0.16
-87.42%
1.24
Total Tax Payable
0.16
-87.42%
1.24
Long Term Debt And Capital Lease Obligation
637.64
+20.63%
528.59
Stockholders Equity
590.41
+40.28%
420.87
Common Stock Equity
590.41
+40.28%
420.87
Capital Stock
9.60
+40.72%
6.83
Common Stock
9.60
+40.72%
6.83
Share Issued
38.42
+40.73%
27.30
Ordinary Shares Number
36.08
+44.55%
24.96
Treasury Shares Number
2.34
+0.00%
2.34
Additional Paid In Capital
646.59
+44.25%
448.24
Retained Earnings
-41.84
-308.01%
-10.26
Treasury Stock
23.94
+0.00%
23.94
Total Equity Gross Minority Interest
590.41
+40.28%
420.87
Total Capitalization
1,228.05
+29.34%
949.46
Invested Capital
1,228.05
+29.34%
949.46
Total Debt
637.64
+20.63%
528.59
Net Debt
616.06
+19.12%
517.16
Net Tangible Assets
590.41
+40.28%
420.87
Tangible Book Value
590.41
+40.28%
420.87
Cash Cash Equivalents And Federal Funds Sold
21.95
+71.80%
12.78
Financial Assets Designatedas Fair Value Through Profitor Loss Total
1,206.39
+28.80%
936.61
Investmentin Financial Assets
1,206.39
+28.80%
936.61
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
-217.26
-15.26%
-188.50
+17.00%
-227.10
-24.32%
-182.68
Net Income From Continuing Operations
70.55
-15.40%
83.39
+151.98%
33.09
-22.71%
42.81
Depreciation
5.87
+36.27%
4.30
+56.51%
2.75
+23.32%
2.23
Depreciation And Amortization
5.87
+36.27%
4.30
+56.51%
2.75
+23.32%
2.23
Other Non Cash Items
-4.07
+57.35%
-9.54
-405.18%
3.13
-86.42%
23.03
Gain Loss On Investment Securities
-284.88
-8.40%
-262.79
-0.23%
-262.19
-5.62%
-248.23
Change In Working Capital
-4.73
-22.43%
-3.86
+0.52%
-3.88
-54.31%
-2.52
Change In Receivables
-11.49
-194.77%
-3.90
+16.42%
-4.67
-23.77%
-3.77
Change In Payable
2.49
+1873.81%
0.13
+111.61%
-1.08
-191.10%
1.19
Change In Other Current Assets
-1.38
-95.47%
-0.71
-451.56%
-0.13
+95.86%
-3.09
Change In Other Current Liabilities
5.66
+815.70%
0.62
-69.05%
2.00
-36.66%
3.15
Investing Cash Flow
-1.67
-12715.38%
-0.01
+95.37%
-0.28
+85.91%
-2.00
Net PPE Purchase And Sale
-1.67
-12715.38%
-0.01
+95.37%
-0.28
+85.91%
-2.00
Purchase Of PPE
-1.67
-12715.38%
-0.01
+95.37%
-0.28
+85.91%
-2.00
Capital Expenditure
-1.67
-12715.38%
-0.01
+95.37%
-0.28
+85.91%
-2.00
Financing Cash Flow
231.52
+16.23%
199.20
-16.14%
237.53
+44.41%
164.49
Net Issuance Payments Of Debt
182.56
+38.40%
131.91
+22.08%
108.05
-25.71%
145.44
Issuance Of Debt
612.56
+50.54%
406.92
+54.69%
263.05
-47.44%
500.44
Repayment Of Debt
-430.00
-56.36%
-275.00
-77.42%
-155.00
+56.34%
-355.00
Long Term Debt Issuance
612.56
+50.54%
406.92
+54.69%
263.05
-47.44%
500.44
Long Term Debt Payments
-430.00
-56.36%
-275.00
-77.42%
-155.00
+56.34%
-355.00
Net Long Term Debt Issuance
182.56
+38.40%
131.91
+22.08%
108.05
-25.71%
145.44
Net Common Stock Issuance
178.49
-1.63%
181.45
-10.59%
202.96
+106.80%
98.14
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
-125.27
-21.71%
-102.92
-44.76%
-71.10
-21.28%
-58.62
Cash Dividends Paid
-125.27
-21.71%
-102.92
-44.76%
-71.10
-21.28%
-58.62
Repurchase Of Capital Stock
—
—
—
0.00
Net Other Financing Charges
-2.71
-154.75%
-1.06
-4.11%
-1.02
+93.85%
-16.60
Changes In Cash
12.60
+17.87%
10.69
+5.26%
10.15
+150.31%
-20.18
Beginning Cash Position
32.27
+49.52%
21.59
+88.83%
11.43
-63.84%
31.61
End Cash Position
44.87
+39.04%
32.27
+49.52%
21.59
+88.83%
11.43
Free Cash Flow
-218.92
-16.13%
-188.51
+17.10%
-227.38
-23.13%
-184.67
Common Stock Issuance
178.49
-1.63%
181.45
-10.59%
202.96
+106.80%
98.14
Issuance Of Capital Stock
178.49
-1.63%
181.45
-10.59%
202.96
+106.80%
98.14
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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