MCAP

Software - Application · Technology

Price

$8.00

+0.19 (+2.43%)

Market Cap

$197.3M

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

Mixed

Cash Flow

Mixed

Stability

Data not available

Valuation

Data not available

Dividends

Good

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Share count rising — dilution

+89372.7% over 15y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 27K (2010) → 24.4M (2025)

Winston Score History

The full picture

MCAP Inc. is a small software company operating in the application software industry. It builds and sells software tools, likely targeting business customers who need specialized applications to manage workflows or data. With a market cap of around $200 million, it sits firmly in small-cap territory within the broader technology sector.

The company generates revenue through software sales or subscription-based licensing, which helps explain its solid gross margin of roughly 45%. A return on invested capital above 30% suggests the business uses its resources efficiently, which can be a sign of a durable competitive position. However, as a small player in a crowded software market, the main risk is competition from larger vendors with bigger sales teams and deeper product ecosystems that could make it harder to win and keep customers over time.

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

-10.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-82.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

27.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.6B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Revenue declining

MCAP'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.

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

7.8%

Thin — 7.8% gross margin

Profit after running costs

Operating Margin

4.3%

Thin — 4.3% operating margin

Return on the money invested

ROCE

-12.8%

Weak — -12.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+10.8%

Steady sales growth (+10.8% YoY)

Profit growth

EPS YoY

-100.1%

Earnings shrinking (-100.1% 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

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

24.7%

Converts sales into free cash efficiently (24.7%)

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

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/A

Data not available

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

5.00%

Healthy income — 5.00% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

-13.1%

Dividend cut (-13.1% YoY) — warning sign

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