MSC Income Fund, Inc.
Financial ServicesNYSE:MSIF · New York Stock Exchange
+$0.24 today
Vol 0.27M · Avg 0.32M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$128.5M of revenue converted into $86.1M of net income for the selected period. Gross margin is 72.5% and net margin is 68.6%, showing how much revenue survives after costs and taxes. EPS is $1.84, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.7M +27.4% | $101.7M +36.0% | $74.8M +44.6% | $51.7M -37.2% | $82.4M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $35.4M -9.4% | $39.0M | $0 | $0 | $0 | $725.6M | $804.0M | $882.4M |
| Gross Profit | $94.3M +50.3% | $62.7M -16.2% | $74.8M +44.6% | $51.7M -37.2% | $82.4M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 72.7% +11.1pp | 61.6% -38.4pp | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $4.3M -70.1% | $14.5M +10.1% | $13.2M +45.5% | $9.1M +3.5% | $8.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$32.1M -734.8% | $5.1M +4.0% | $4.9M +7.8% | $4.5M -34.2% | $6.9M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | $126.4M +119.2% | $57.7M | $0 | $0 | $0 | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 97.5% +40.8pp | 56.7% | 0.0% | 0.0% | 0.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $126.4M +119.2% | $57.7M -17.6% | $70.0M +48.2% | $47.2M -37.5% | $75.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 97.5% +40.8pp | 56.7% -36.8pp | 93.5% +2.2pp | 91.3% -0.4pp | 91.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $139.2M +18.1% | $117.8M | $0 | $0 -100.0% | $72.5M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $33.9M -13.1% | $39.0M +7.1% | $36.5M +49.3% | $24.4M +68.8% | $14.5M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$33.9M | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $92.4M +60.3% | $57.7M -17.6% | $70.0M +48.2% | $47.2M -37.5% | $75.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 71.3% +14.6pp | 56.7% -36.8pp | 93.5% +2.2pp | 91.3% -0.4pp | 91.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $3.7M +236.3% | $1.1M -70.7% | $3.8M +129.4% | $1.6M -13.1% | $1.9M | $1.3B | -$1.6B | $745.2M |
| Net Income | $88.7M +56.9% | $56.6M -14.6% | $66.2M +45.2% | $45.6M -38.1% | $73.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | 68.4% +12.9pp | 55.6% -32.9pp | 88.5% +0.4pp | 88.1% -1.3pp | 89.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +35.5% | $1 -14.5% | $2 +44.7% | $1 -38.0% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +35.5% | $1 -14.5% | $2 +44.7% | $1 -38.0% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $46.5M +15.7% | $40.2M +0.1% | $40.1M +0.3% | $40.0M +0.1% | $39.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $46.5M +15.7% | $40.2M +0.1% | $40.1M +0.3% | $40.0M +0.1% | $39.9M | $1.2B | $924.4M | $678.0M |
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SEC Filings
Recent regulatory filings
No filings found.
How much revenue does MSIF generate?
MSC Income Fund, Inc. (MSIF) reported $129.65M of revenue in fiscal 2025.
Is MSIF profitable?
MSC Income Fund, Inc. (MSIF) reported $88.73M of net income, with a net margin of 68.4%.
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