MidCap Financial Investment Corporation
MFICFinancial ServicesNASDAQAsset Management · Last scanned Jun 3, 2026
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Daily timeframeMidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. Valued at $895.4M, MFIC is a small-cap name in its sector. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
Market Cap
$895.4M
Beta
0.69
P/E (TTM)
181.17
P/E (Fwd)
8.66
EPS (TTM)
$0.06
EPS (Fwd)
$1.26
ROE
0.5%
ROA
5.2%
Cash
$42.7M
Total Debt
$1.87B
Free CF
$115.0M
52W Change
-16.3%
Annual Financials
Cash vs Debt
On the balance sheet, MFIC has $42.7M in cash with $1.87B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $115.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 0.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $126.7M (2021) to $78.0M (2025), a 38% decline worth watching.
The relatively low beta of 0.69 suggests MFIC is a less volatile holding compared to the broader index. MidCap Financial Investment Corporation carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. At over 50x earnings, MFIC carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence MidCap Financial Investment Corporation's trajectory.