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Financials · CSWC

Capital Southwest Corporation (CSWC) financials

For the twelve months ended Sep 30, 2026, Capital Southwest Corporation reported $247.42M of revenue and $106.54M of net income.

Revenue, TTM
$247.42M
Revenue growth, YoY
+13.9%
Net income, TTM
$106.54M
Net income growth, YoY
+23.2%
Net margin
43.1%
Free cash flow, TTM
-$426.77M
EPS, diluted, TTM
$1.70
EPS growth, YoY
+5.6%
Cash
$47.98M
Total debt
$1.38B
P/E
14.66
P/S
6.31
Market cap
$1.56B
Annual revenue$232.10M
FY2010FY2026
Annual net income$113.00M
FY2021FY2026
Annual free cash flow-$193.79M
FY2021FY2026

CSWC revenue and earnings growth

CSWC revenueQ2 2027$67.16M

Quarter YoY
+17.9%
QoQ
+10.0%
FY YoY
+13.5%
5Y CAGR
+27.8%

CSWC revenue was $67.16M in fiscal Q2 2027 (ended Sep 30, 2026), up 17.9% from a year earlier and up 10.0% from the prior quarter. For the full fiscal 2026 it was $232.10M, up 13.5% from fiscal 2025. Compound annual growth was +27.8% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2026 is the highest of the 10 fiscal years on file.

CSWC net incomeQ2 2027$21.44M

Quarter YoY
-16.3%
QoQ
-13.3%
FY YoY
+60.2%
5Y CAGR
+17.3%

CSWC net income was $21.44M in fiscal Q2 2027 (ended Sep 30, 2026), down 16.3% from a year earlier and down 13.3% from the prior quarter. For the full fiscal 2026 it was $113.00M, up 60.2% from fiscal 2025. Compound annual growth was +17.3% over 5 years. It rose in 2 of the last 5 fiscal years. Fiscal 2026 is the highest of the 6 fiscal years on file.

CSWC EPSQ2 2027$0.33

Quarter YoY
-25.0%
QoQ
-15.4%
FY YoY
+29.3%
5Y CAGR
+2.7%

CSWC diluted EPS was $0.33 in fiscal Q2 2027 (ended Sep 30, 2026), down 25.0% from a year earlier and down 15.4% from the prior quarter. For the full fiscal 2026 it was $1.90, up 29.3% from fiscal 2025. Compound annual growth was +2.7% over 5 years.

CSWC free cash flowQ2 2027-$193.06M

CSWC free cash flow was -$193.06M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -$71.31M a year earlier. For the full fiscal 2026 it was -$193.79M, compared with -$218.92M in fiscal 2025.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2013
Mar 31, 2013
FY2012
Mar 31, 2012
FY2011
Mar 31, 2011
FY2010
Mar 31, 2010
Revenue$232.10M$204.44M$178.13M$119.30M$82.22M$68.06M$10.84M$9.33M$7.57M$6.11M
Selling, general and admin$6.95M$6.24M$5.24M$4.63M$4.08M$3.12M----
Interest expense--$43.09M$28.87M$19.92M$17.94M----
Income tax$1.12M$2.27M$944.0K$329.0K$615.0K$2.44M$1.13M$1.25M$24.58M$815.0K
Net income$113.00M$70.55M$83.39M$33.09M$42.81M$50.88M----
EPS, basic$1.98$1.47$2.05$2.29$1.87$1.66----
EPS, diluted$1.90$1.47$2.05$1.10$1.87$1.66----
Diluted shares65.8M51.2M40.7M30.0M22.8M19.1M----

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2013
Mar 31, 2013
FY2012
Mar 31, 2012
FY2011
Mar 31, 2011
FY2010
Mar 31, 2010
Cash and equivalents$29.05M$44.87M$32.27M$21.59M$11.43M$31.61M$81.77M$64.89M$45.50M$4.09M
Total assets$2.18B$1.88B$1.56B$1.26B$973.96M-$667.67M$632.99M$543.21M-
Total debt$1.13B$956.07M$770.85M$637.64M$528.59M-----
Total liabilities$1.17B$999.21M$801.08M$667.28M$553.09M-$7.89M$4.28M$3.98M-
Shareholders' equity$1.01B$883.63M$755.68M$590.41M$420.87M$336.25M$667.67M$632.99M--

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2013
Mar 31, 2013
FY2012
Mar 31, 2012
FY2011
Mar 31, 2011
FY2010
Mar 31, 2010
Operating cash flow-$193.50M-$217.26M-$188.50M-$227.10M-$182.68M-$68.25M$94.34M$23.55M$68.23M-$6.82M
Capital expenditures$286.0K$1.67M$13.0K$281.0K$2.00M$0----
Free cash flow-$193.79M-$218.92M-$188.51M-$227.38M-$184.67M-$68.25M----
Investing cash flow-$286.0K-$1.67M-$13.0K-$281.0K-$2.00M$0----
Financing cash flow$178.36M$231.52M$199.20M$237.53M$164.49M$86.12M-$77.47M-$4.15M-$26.83M-$3.81M
Dividends paid$147.23M$125.27M$102.92M$71.10M$58.62M$39.95M$77.30M$0$0-
Stock-based compensation$4.98M$6.96M$4.52M$3.71M$3.58M$2.94M----
Depreciation and amortization$6.97M$5.87M$4.30M$2.75M$2.23M$1.97M$30.0K$25.0K$27.0K$33.0K

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2013
Mar 31, 2013
FY2012
Mar 31, 2012
FY2011
Mar 31, 2011
FY2010
Mar 31, 2010
Revenue growth, YoY13.5%14.8%49.3%45.1%20.8%-16.1%23.3%23.9%-
Net income growth, YoY60.2%-15.4%152.0%-22.7%-15.9%-----
EPS growth, YoY29.3%-28.3%86.4%-41.2%12.7%-----
Net margin48.7%34.5%46.8%27.7%52.1%74.8%----
Free cash flow margin-83.5%-107.1%-105.8%-190.6%-224.6%-100.3%----
Return on equity11.2%8.0%11.0%5.6%10.2%15.1%----
Return on assets5.2%3.7%5.4%2.6%4.4%-----
Debt to equity1.121.081.021.081.26-----

Source: XBRL data Capital Southwest Corporation files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CSWC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CSWC$247.42M+13.9%$106.54M43.1%$1.56B
AIN$1.31B+14.2%$88.27M6.7%$1.99B
GLAD$98.93M+11.3%$48.15M48.7%$441.0M
UFI$523.55M-6.4%-$15.22M-2.9%$117.2M
CULP$206.76M-0.3%-$4.00M-1.9%$46.2M
CRWS$83.55M-3.4%$5.01M6.0%$27.4M

CSWC FAQ

8 questions
  • What is CSWC revenue?
    Capital Southwest Corporation (CSWC) reported $247.42M of revenue for the twelve months ended Sep 30, 2026. That is up 13.9% from the year before. Revenue for fiscal 2026 was $232.10M.
  • Is CSWC profitable?
    Yes. Capital Southwest Corporation earned $106.54M in net income for the twelve months ended Sep 30, 2026, a net margin of 43.1%.
  • How much cash and debt does CSWC have?
    Capital Southwest Corporation reported $47.98M in cash and cash equivalents and $1.38B of debt on its most recent balance sheet in SEC filings.
  • How fast is CSWC revenue growing?
    Capital Southwest Corporation's revenue changed +13.5% in fiscal 2026, to $232.10M. Its compound annual growth rate was +27.8% over 5 years.
  • What is CSWC free cash flow?
    Capital Southwest Corporation generated -$426.77M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$426.70M less capital expenditures.
  • What is CSWC earnings per share?
    Diluted earnings per share were $1.70 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CSWC last report financial results?
    The latest statements here come from Capital Southwest Corporation's 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this CSWC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Capital Southwest Corporation files with the SEC. It is provided for information only and is not investment advice.