TTM
66.8%
YoY change
+6.38pp
Trough year (2020)
15.7%
Peak year (2012)
82.0%
Latest annual
80.7%
Operating Margin history chart for Main Street Capital (MAIN) from 2005 to 2025
Latest: 80.7%
Operating Margin change chart for Main Street Capital (MAIN) from 2005 to 2025
Latest: +6.38pp
Operating Margin history table for Main Street Capital (MAIN) from 2005 to 2025
| 2025 | 80.7% | +6.38pp | ||
| 2024 | 74.3% | +0.69pp | ||
| 2023 | 73.7% | +6.83pp | ||
| 2022 | 66.8% | -10.54pp | ||
| 2021 | 77.4% | +61.62pp | ||
| 2020 | 15.7% | -44.24pp | ||
| 2019 | 60.0% | -9.02pp | ||
| 2018 | 69.0% | -4.76pp | ||
| 2017 | 73.8% | +5.33pp | ||
| 2016 | 68.4% | +6.32pp | ||
| 2015 | 62.1% | -3.47pp | ||
| 2014 | 65.6% | -8.71pp | ||
| 2013 | 74.3% | -7.72pp | ||
| 2012 | 82.0% | +24.99pp | ||
| 2011 | 57.0% | -0.25pp | ||
| 2010 | 57.3% | -19.03pp | ||
| 2009 | 76.3% | +1.15pp | ||
| 2008 | 75.2% | +11.59pp | ||
| 2007 | 63.6% | +37.38pp | ||
| 2006 | 26.2% | -51.55pp | ||
| 2005 | 77.7% | — |
- 202580.7%+6.38pp
- 202474.3%+0.69pp
- 202373.7%+6.83pp
- 202266.8%-10.54pp
- 202177.4%+61.62pp
- 202015.7%-44.24pp
- 201960.0%-9.02pp
- 201869.0%-4.76pp
- 201773.8%+5.33pp
- 201668.4%+6.32pp
- 201562.1%-3.47pp
- 201465.6%-8.71pp
- 201374.3%-7.72pp
- 201282.0%+24.99pp
- 201157.0%-0.25pp
- 201057.3%-19.03pp
- 200976.3%+1.15pp
- 200875.2%+11.59pp
- 200763.6%+37.38pp
- 200626.2%-51.55pp
- 200577.7%—
Operating Margin values are taken from Main Street Capital's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Main Street Capital (MAIN)
According to Main Street Capital's latest reported financial statements, the company's latest reported operating margin is 66.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Main Street Capital (MAIN) most recent annual operating margin stands at 80.71% (2025) – expanded 6.4 percentage points year-over-year.
The record annual operating margin stands at 82.01%, reached in 2012; the historical low of 15.75% was recorded in 2020.
Main Street Capital Operating Margin by Year
Main Street Capital Operating Margin 2025: 80.7%
In 2025, Main Street Capital reported operating margin of 80.71%, expanded 6.4 percentage points from 2024.
Main Street Capital Operating Margin 2024: 74.3%
Main Street Capital operating margin in 2024 was 74.34%, expanded 0.7 percentage points from 2023.
Main Street Capital Operating Margin 2023: 73.7%
2023's operating margin for Main Street Capital came in at 73.65%, expanded 6.8 percentage points from 2022.
Main Street Capital Operating Margin 2022: 66.8%
Main Street Capital posted operating margin of 66.82% in 2022, contracted 10.5 percentage points from 2021.
Main Street Capital Operating Margin 2021: 77.4%
Main Street Capital operating margin in 2021 was 77.37%.
See more financial history for Main Street Capital (MAIN).
Sector peers by Operating Margin
Financial Services peers of Main Street Capital (MAIN), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
Main Street Capital (MAIN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation