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MARKETS / NASDAQ / CSWC
NASDAQ · LARGE CAP

Capital Southwest Corp. CSWC

10 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$113.0M
▲ 60.2% YoY
$-193.8M
In brief

What this company does

Capital Southwest Corporation (“we,” “our,” “us,” “CSWC,” or the “Company”), a Texas corporation, is an internally managed closed-end, non-diversified investment company that has elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended, or the 1940 Act. Since September 30, 2015, we have pursued a credit-focused investment strategy. We specialize in providing customized financing to lower middle market ("LMM") companies in a broad range of industry segments located primarily in the United States. We invest primarily in first lien debt securities and also invest in preferred stock and common stock alongside our debt investments or through warrants. Our common stock trades on The Nasdaq Global Select Market under the ticker symbol “CSWC.” As a BDC, we are required to comply with certain regulatory requirements.

Written from the business description in Capital Southwest Corporation's annual report to the U.S. Securities and Exchange Commission, filed 19 May 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 10-year series below
Compound annual growth
+21.0%
+50.6%
+17.3%
−6.0%
+5.5%
+27.5%
+29.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
ROE
FY2025 · ROE 11.9%
5%10%15%2009201020112012202020212022202320242025

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders
USD 147.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -193.8
-80M-160M2009201020112012202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 147.2 · Net buybacks —
50M100M201020112012202020212022202320242025
Dividends paidUSD 147.2M
Net buybacks
Share of profit130.3%
Consecutive raises3 years (since the 2022 share-count change)

USD 147.2M in dividends — 130% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.2B
EquityUSD 1.0B
CashUSD 29.0M
Gross debtUSD 1.1B
Net debtUSD 1.1B

Net debt stands at 109% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202012201120102009
Revenue $B······0.00.00.00.0
Operating income $B··········
EBITDA $B··········
Income tax $B0.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.00.00.1····
Free cash flow $B−0.2−0.2−0.2−0.2−0.2−0.1····
EPS, diluted $1.901.472.052.291.871.66····
Dividend / sh $2.562.532.422.182.562.04····
Payout %13017812321513779····
ROE %11.98.612.46.511.316.7····
Shares out B0.060.050.050.040.020.02····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 3 failures in 24 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
Activitynot stated in the filings
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsMarch 31
Data on record since2009

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