CS
Capital Southwest Corp
CSWC—
Capital Southwest Corp AI Insights
Informational only. Not investment advice.Snapshot
- Net margin TTM of 65.4% vs industry median 95% - strong but below BDC peers; ROE 9.9% vs median 8.6% shows efficient capital deployment[Net Margin TTM]
- FCF TTM is -266.6M due to BDC model deploying capital into loans; offset by 39.7M equity issuance funding growth[Free Cash Flow TTM]
- Dividend yield of 18.8% (2.74/share TTM) exceeds EPS of 1.60 - payout ratio 171% signals NAV erosion risk[Dividends Paid Per Share TTM]
Watch Triggers
- EPS TTM: Falls below 2.00 for 2 consecutive quarters — Would widen dividend coverage gap beyond 35%, forcing cut or accelerated NAV erosion
- Debt to Equity: Exceeds 1.25x — BDC leverage limits typically 2:1; approaching ceiling constrains growth optionality
- Net Margin TTM: Drops below 55% — Would indicate spread compression from rising funding costs or credit losses
Bull Case
P/E 14.8x vs industry median 11.9x justified by superior ROE (9.9% vs 8.6%) and 29.9% 3Y revenue CAGR outpacing peers
PE RatioROE TTMTotal Revenue 3Y Growth
Book value 14.61/share with P/B 1.62x implies market confidence in portfolio quality; tangible equity fully supports NAV
Book Value Per SharePB RatioTangible Book Value
Bear Case
Dividend of 2.74/share exceeds EPS of 1.60 TTM by 71% - unsustainable without NAV dilution or dividend cut
Dividends Paid Per Share TTMEPS TTM
5Y EPS CAGR of -12.9% despite revenue growth signals structural margin compression as rates normalize
EPS Growth 5YTotal Revenue 5Y Growth
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Revenue growth momentum (29.9% 3Y CAGR) likely to moderate as rate environment normalizes
1-3ymed
- Interest expense TTM 61.2M on 1.03B debt constrains spread
- Debt/equity 1.09x limits incremental leverage capacity
- EPS declined 8.3% YoY despite revenue growth
3Y revenue CAGR 29.9% vs 5Y CAGR 11.2%EPS growth 5Y: -12.9%Interest expense 46% of operating expense
Valuation Context
Caveats
Public Strategies Rankings
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CSWC Fundamentals
Finance and Insurance → Securities, Commodity Contracts, and Other Financial Investments and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.54B | — | ||
$2.48B | — | ||
15 | — | ||
$132.24M | +28.1% | — | |
$1.60 | -2.4% | — | |
0% | — | ||
65.4% | -6.0% | — | |
$-266.65M | — | ||
0.10 | -0.2% | — | |
Beta 5Y (Monthly) | unknown | — |
CSWC Dividend History
82 dividends
2026
$0.640203/13/26$0.2534
02/13/26$0.1934
01/15/26$0.1934
2025
$2.560412/15/25$0.2534
11/14/25$0.1934
10/15/25$0.1934
09/15/25$0.2534
08/15/25$0.1934
07/15/25$0.1934
06/13/25$0.6400
03/14/25$0.6400
2024
$2.530012/13/24$0.6300
09/13/24$0.6400
06/14/24$0.6300
03/14/24$0.6300
2023
$2.420012/14/23$0.6300
09/14/23$0.6200
06/14/23$0.5900
03/14/23$0.5800
2022
$2.180012/14/22$0.5700
09/14/22$0.5000
06/14/22$0.6300
03/14/22$0.4800
2021
$2.460012/14/21$0.9700
09/14/21$0.5400
06/14/21$0.4300
03/12/21$0.5200
2020
$1.940012/14/20$0.4100
09/14/20$0.5100
06/12/20$0.5100
03/13/20$0.5100
2019
$2.620012/19/19$1.2500
09/13/19$0.5000
06/13/19$0.4900
03/14/19$0.3800
2018
$1.970012/13/18$0.4600
09/14/18$0.3400
06/25/18$0.8900
03/14/18$0.2800
2017
$1.140012/14/17$0.2600
09/14/17$0.2400
06/13/17$0.1900
03/13/17$0.4500
2016
$0.380012/13/16$0.1700
09/13/16$0.1100
06/16/16$0.0600
03/11/16$0.0400
2015
$0.100005/12/15$0.1000
2014
$0.200011/12/14$0.1000
05/13/14$0.1000
2013
$1.575011/13/13$0.1000
05/15/13$0.1000
03/13/13$1.3750
2012
$4.597511/13/12$0.1000
05/22/12$4.3975
05/15/12$0.1000
2011
$0.200011/10/11$0.1000
05/13/11$0.1000
2010
$0.200011/10/10$0.1000
05/12/10$0.1000
2009
$0.200011/12/09$0.1000
05/13/09$0.1000
2008
$0.815012/17/08$0.5400
11/12/08$0.1000
09/22/08$0.0750
05/13/08$0.1000
2007
$0.150011/13/07$0.1000
05/11/07$0.0500
2006
$0.150011/13/06$0.1000
05/11/06$0.0500
2005
$0.150011/10/05$0.1000
05/12/05$0.0500
2004
$0.150011/10/04$0.1000
05/12/04$0.0500
2003
$0.150011/12/03$0.1000
05/13/03$0.0500
2002
$0.150011/13/02$0.1000
05/13/02$0.0500
2001
$0.150011/13/01$0.1000
05/11/01$0.0500
2000
$0.150011/14/00$0.1000
05/11/00$0.0500
CSWC Stock Splits
1 stock split
08/16/130.25:1 split
CSWC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/03/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/20/25 | 03/31/25 | Unknown | |
02/04/25 | 12/31/24 | 10-Q | |
10/29/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/21/24 | 03/31/24 | 10-K | |
01/30/24 | 12/31/23 | 10-Q | |
10/31/23 | 09/30/23 | 10-Q | |
08/08/23 | 06/30/23 | 10-Q | |
05/23/23 | 03/31/23 | 10-K | |
01/31/23 | 12/31/22 | 10-Q | |
11/01/22 | 09/30/22 | 10-Q | |
08/02/22 | 06/30/22 | 10-Q | |
05/24/22 | 03/31/22 | 10-K | |
02/01/22 | 12/31/21 | 10-Q | |
11/02/21 | 09/30/21 | 10-Q | |
08/03/21 | 06/30/21 | 10-Q | |
05/26/21 | 03/31/21 | 10-K | |
02/02/21 | 12/31/20 | 10-Q | |
11/02/20 | 09/30/20 | 10-Q | |
08/04/20 | 06/30/20 | 10-Q | |
06/02/20 | 03/31/20 | 10-K | |
02/04/20 | 12/31/19 | 10-Q | |
11/05/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
06/04/19 | 03/31/19 | 10-K | |
02/05/19 | 12/31/18 | 10-Q | |
11/07/18 | 09/30/18 | 10-Q | |
08/07/18 | 06/30/18 | 10-Q | |
06/05/18 | 03/31/18 | 10-K | |
02/06/18 | 12/31/17 | 10-Q | |
11/07/17 | 09/30/17 | 10-Q | |
08/08/17 | 06/30/17 | 10-Q | |
06/01/17 | 03/31/17 | 10-K | |
02/07/17 | 12/31/16 | 10-Q | |
11/08/16 | 09/30/16 | 10-Q | |
08/09/16 | 06/30/16 | 10-Q | |
06/14/16 | 03/31/16 | 10-K | |
02/09/16 | 12/31/15 | 10-Q | |
11/09/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
06/03/15 | 03/31/15 | 10-K | |
02/06/15 | 12/31/14 | 10-Q | |
11/07/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
06/03/14 | 03/31/14 | 10-K | |
02/06/14 | 12/31/13 | 10-Q | |
11/07/13 | 09/30/13 | 10-Q | |
08/05/13 | 06/30/13 | 10-Q | |
05/31/13 | 03/31/13 | 10-K | |
02/07/13 | 12/31/12 | 10-Q | |
11/09/12 | 09/30/12 | 10-Q | |
08/06/12 | 06/30/12 | 10-Q | |
06/01/12 | 03/31/12 | 10-K | |
02/08/12 | 12/31/11 | 10-Q | |
10/28/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
06/10/11 | 03/31/11 | 10-K | |
02/07/11 | 12/31/10 | 10-Q | |
11/04/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/28/10 | 03/31/10 | 10-K | |
02/04/10 | 12/31/09 | 10-Q | |
11/05/09 | 09/30/09 | 10-Q | |
08/06/09 | 06/30/09 | 10-Q | |
05/29/09 | 03/31/09 | 10-K | |
02/06/09 | 12/31/08 | 10-Q | |
11/07/08 | 09/30/08 | 10-Q | |
08/07/08 | 06/30/08 | 10-Q | |
05/23/08 | 03/31/08 | 10-K | |
02/08/08 | 12/31/07 | 10-Q | |
01/09/08 | 09/30/07 | 10-Q | |
08/03/07 | 06/30/07 | 10-Q | |
05/25/07 | 03/31/07 | 10-K | |
02/02/07 | 12/31/06 | 10-Q | |
11/03/06 | 09/30/06 | 10-Q | |
08/04/06 | 06/30/06 | 10-Q | |
05/26/06 | 03/31/06 | 10-K | |
02/03/06 | 12/31/05 | 10-Q | |
11/02/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
05/27/05 | 03/31/05 | 10-K | |
02/04/05 | 12/31/04 | 10-Q | |
11/05/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
06/11/04 | 03/31/04 | 10-K | |
02/13/04 | 12/31/03 | 10-Q | |
11/05/04 | 09/30/03 | 10-Q | |
08/08/03 | 06/30/03 | 10-Q | |
06/13/03 | 03/30/03 | Unknown | -- |
02/14/03 | 12/31/02 | 10-Q | |
11/08/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
06/14/02 | 03/30/02 | Unknown | -- |
02/08/02 | 12/31/01 | 10-Q | |
11/02/01 | 09/30/01 | 10-Q | |
08/10/01 | 06/30/01 | 10-Q | |
06/15/01 | 03/30/01 | Unknown | -- |
02/02/01 | 12/31/00 | 10-Q | |
11/03/00 | 09/30/00 | 10-Q | |
08/15/00 | 06/30/00 | 10-Q | |
06/16/00 | 03/30/00 | 10-K405 |