Bain Capital Specialty Finance

BCSF

Asset Management · Financial Services

Price

$12.06

-0.04 (-0.33%)

Market Cap

$782.3M

Exchange

New York Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Strong

Stability

Weak

Valuation

Strong

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

Bain Capital Specialty Finance is a company that lends money to mid-sized businesses that can't easily borrow from big banks. It focuses on making loans to companies in the middle market — businesses that are too small for Wall Street but too big for a local bank. It is managed by an affiliate of Bain Capital, a well-known private investment firm, which gives it access to deal flow and expertise that smaller lenders don't have.

The company makes money by collecting interest on the loans it makes, which is a common model for business development companies (BDCs). It operates primarily in the United States and has a portfolio worth roughly $1 billion in assets. Because it is structured as a BDC, it must pay out most of its income as dividends to shareholders. The main risk it faces is rising loan defaults — if the businesses it lends to struggle to repay, Bain Capital Specialty Finance's income and dividend payments could fall.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+18.9% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

1.2%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$116M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Bain Capital Specialty Finance's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.4% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 64.6M (2021) → 64.8M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

0.0%

Thin — 0.0% gross margin

Profit after running costs

Operating Margin

0.0%

Thin — 0.0% operating margin

Return on the money invested

ROCE

6.7%

Weak — 6.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-4.9%

Shrinking sales (-4.9% YoY)

Profit growth

EPS YoY

-29.5%

Earnings shrinking (-29.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

80%

Modest — 80% of profit becomes cash

Spare cash per sale

FCF Margin

32.2%

Converts sales into free cash efficiently (32.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

0.90x

Dangerous — barely covers interest (0.9x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

9.9x

Attractive valuation — P/E 9.9

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

+2.3

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

14.72%

Healthy income — 14.72% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

-20.0%

Dividend cut (-20.0% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial