CSWC financial statements
The full income statement, balance sheet, and cash-flow statement for Capital Southwest Corporation (CSWC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | |
| Selling, general & administrative | 6.95M+11.4% | 6.24M+19.0% | 5.24M | — | |
| General & administrative | 6.95M+11.4% | 6.24M+19.0% | 5.24M | — | |
| Interest expense | — | — | 43.1M | — | |
| Income tax | 1.12M-50.5% | 2.27M+139.9% | 944K | — | |
| 113M+60.2% | 70.5M-15.4% | 83.4M | — | ||
| Net income to common | 112M+60.0% | 69.9M-16.2% | 83.4M | — | |
| $1.90+29.3% | $1.47-28.3% | $2.05 | — | ||
| EPS (basic) | $1.98+34.7% | $1.47-28.3% | $2.05 | — | |
| Weighted-avg shares (basic) | 56.5M+19.1% | 47.4M+16.5% | 40.7M+35.7% | 30.0M | |
| Weighted-avg shares (diluted) | 65.8M+28.6% | 51.2M+25.7% | 40.7M+35.7% | 30.0M | |
| Dividends per share | $2.37+1.6% | $2.33+2.1% | $2.28 | — | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | |
| Cash & equivalents | 29.0M-32.8% | 43.2M+33.9% | 32.3M+49.5% | 21.6M-73.6% | |
| 2.18B+15.7% | 1.88B+20.9% | 1.56B+23.8% | 1.26B+88.4% | ||
| Operating lease right-of-use | 3.70M-5.1% | 3.90M+62.5% | 2.40M+33.3% | 1.80M | |
| 1.17B+16.7% | 999M+24.7% | 801M+20.1% | 667M+8351.9% | ||
| Long-term debt | 1.13B+18.3% | 956M+24.0% | 771M+20.9% | 638M | |
| Operating lease liability (total) | 5.00M-7.4% | 5.40M+68.8% | 3.20M+14.3% | 2.80M | |
| Deferred tax liabilities | 12.5M-25.5% | 16.8M+39.9% | 12.0M-1.0% | 12.1M | |
| 1.01B+14.4% | 884M+16.9% | 756M+28.0% | 590M-11.6% | ||
| Common stock | 15.1M+14.5% | 13.2M+17.4% | 11.3M+17.3% | 9.60M+118.6% | |
| Additional paid-in capital | 1.07B+12.1% | 959M+20.3% | 797M+23.3% | 647M+252.0% | |
| Retained earnings | -79.0M+10.9% | -88.7M-68.9% | -52.5M-25.5% | -41.8M | |
| Treasury stock | — | — | 0.00-100.0% | 23.9M+0.0% | |
| Total liabilities & equity | 2.18B+15.7% | 1.88B+20.9% | 1.56B+23.8% | 1.26B+90.6% | |
| Common shares issued | 60.6M+14.5% | 52.9M+17.5% | 45.1M+17.3% | 38.4M-19.8% | |
| Common shares outstanding | 60.6M+14.5% | 52.9M+17.5% | 45.1M+24.9% | 36.1M | |
| Shares outstanding (cover) | 62.1M+15.7% | 53.7M+19.2% | 45.1M+22.7% | 36.7M-11.5% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | |
| -194M+10.9% | -217M-15.3% | -188M | — | ||
| Depreciation & amortization | 6.97M+18.9% | 5.87M+36.3% | 4.30M | — | |
| Share-based compensation | 4.98M-28.5% | 6.96M+54.1% | 4.52M | — | |
| Deferred income taxes | -4.27M-189.4% | 4.78M+4118.5% | -119K | — | |
| -286K+82.8% | -1.67M-12715.4% | -13.0K | — | ||
| Capital expenditure | 286K-82.8% | 1.67M+12715.4% | 13.0K | — | |
| Free cash flow | -194M+11.5% | -219M-16.1% | -189M | — | |
| Acquisitions | 0.00 | 0.00 | 0.00 | — | |
| 178M-23.0% | 232M+16.2% | 199M | — | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | — | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | — | |
| Common stock issued | 158M-11.6% | 178M-1.6% | 181M | — | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | — | |
| Dividends paid | 147M+17.5% | 125M+21.7% | 103M | — | |
| Net change in cash | -15.4M-222.4% | 12.6M+17.9% | 10.7M | — | |
| Interest paid | 63.8M+36.9% | 46.6M+23.4% | 37.8M | — | |
| Income taxes paid | 12.3M+753.6% | 1.44M+22.7% | 1.18M | — | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | |
| Market cap | 1.37B+14.7% | 1.20B+11.7% | 1.07B+64.3% | 653M+49.4% | |
| P/E | 12.2×-28.4% | 17.0×+39.5% | 12.2× | — | |
| P/B | 1.4×+0.2% | 1.4×-8.8% | 1.5×+34.6% | 1.1× | |
| Earnings yield | 8.2%+39.7% | 5.9%-28.3% | 8.2% | — | |
| Dividend yield | 10.7%+2.5% | 10.4%+14.2% | 9.2% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CSWC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CSWC filings on SEC EDGAR → Not investment advice.