Q4 25 EPS
$0.56
MISS 8.20%
Est. $0.61
Q4 25 Revenue
$52.4M
MISS 0.58%
Est. $52.7M
vs S&P Since Q4 25
+0.1%
BEATING MARKET
CSWC +25.6% vs S&P +25.5%
Full Year 2025 Results
FY 25 EPS
$2.50
MISS 0.69%
Est. $2.52
FY 25 Revenue
$204.4M
MISS 0.33%
Est. $205.1M
Market Reaction
Did CSWC Beat Earnings? Q4 2025 Results
Capital Southwest delivered a mixed fiscal fourth quarter, falling short of Wall Street expectations on both the top and bottom lines as one-time costs tied to a CEO departure weighed on results. The business development company posted earnings per s… Read more Capital Southwest delivered a mixed fiscal fourth quarter, falling short of Wall Street expectations on both the top and bottom lines as one-time costs tied to a CEO departure weighed on results. The business development company posted earnings per share of $0.56, missing the $0.61 consensus estimate by 8.20%, while revenue of $52.41 million came in well below the $87.31 million analysts had anticipated, a 39.98% shortfall, despite revenue climbing 26.8% year-over-year. The primary culprit was $2.80 million in non-recurring expenses related to the departure of its former President and CEO; stripped of those charges, adjusted pre-tax net investment income would have matched the $0.61 per share consensus precisely. Beneath the headline misses, the company's fundamentals showed momentum, with its total investment portfolio growing 21% year-over-year to approximately $1.80 billion at fair value and NAV per share edging up to $16.70. Looking ahead, Capital Southwest secured a second SBIC license and expanded its credit facility to $510 million, reinforcing its capacity to sustain supplemental dividends backed by $0.79 per share in undistributed taxable income.
Key Takeaways
- • Increase in average cost basis of investments held driving higher interest income
- • 21% growth in total investment portfolio fair value year-over-year to $1.8 billion
- • 99% first lien senior secured debt portfolio composition
- • 15% increase in total investment income for fiscal year 2025
- • Efficient equity capital raising at 138% premium to NAV through ATM program
- • Cumulative weighted average IRR of 13.2% on 96 portfolio company exits since 2015
CSWC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CSWC Revenue by Segment
With YoY comparisons, source: SEC Filings
“The March quarter was another strong quarter for Capital Southwest, with approximately $150 million of new committed originations. Our portfolio continued to generate significant income for our shareholders, producing $0.61 of adjusted pre-tax net investment income per share, or $0.56 of pre-tax net investment income per share, for the quarter.”
— Michael Sarner, Q4 2025 Earnings Press Release
CSWC Earnings Trends
CSWC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CSWC EPS Trend
Earnings per share: estimate vs actual
CSWC Revenue Trend
Quarterly revenue: estimate vs actual
CSWC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.58 | $0.59 | +1.72% | $57.8M | -6.76% |
| FY Full Year | — | $2.39 | — | $232.1M | — |
| Q3 26 BEAT | $0.60 | $0.60 | +0.67% | $61.4M | +6.17% |
| Q2 26 MISS | $0.58 | $0.57 | -1.93% | $56.9M | +2.58% |
| Q1 26 BEAT | $0.59 | $0.59 | +0.77% | $55.9M | +2.99% |
| Q4 25 MISS FY | $0.61 | $0.56 | -8.20% | $52.4M | -0.58% |
| FY Full Year | $2.52 | $2.50 | -0.69% | $204.4M | -0.33% |