BAC
Bank of America Corporation
BAC has the edge over MAIN overall, supported by stronger fundamentals and stronger modeled upside.
MAIN
Main Street Capital Corporation
MAIN trails on the overall score without a compensating advantage in the available component scores.
BAC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BAC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BAC.
MAIN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
MAIN's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MAIN.
BAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $39.50 | -22% |
| Forward | 10x | $50.51 | — |
| Current | 12x | $50.51 | — |
| Fair | 13x | $53.81 | +6.5% |
| Expensive | 15x | $62.23 | +23% |
Historical ranges are pointers, not guarantees.
BAC's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its cheap range.
MAIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $44.46 | -21% |
| Fair | 12x | $56.85 | +1.1% |
| Current | 12x | $56.23 | — |
| Expensive | 15x | $70.68 | +26% |
| Forward | 15x | $56.23 | — |
Historical ranges are pointers, not guarantees.
MAIN has the edge over BAC in the historical PE scenario, which offers more potential upside but is not a forecast.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over MAIN on the outlook, with more favorable valuation and earnings expectations.
MAIN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect MAIN's revenue to grow, but its profitability to weaken.
BAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.92 | +17% |
| Q3 2026 | $4.19 | +14% |
| Q2 2026 | $4.34 | +27% |
| Q1 2026 | $4.02 | +20% |
| Q4 2025 | $3.81 | +19% |
| Q3 2025 | $3.66 | +33% |
| Q2 2025 | $3.41 | +20% |
| Q1 2025 | $3.35 | +16% |
| Q4 2024 | $3.21 | +4.2% |
BAC has the edge over MAIN on earnings, with more consistent year-over-year improvement.
MAIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.76 | -21% |
| Q3 2026 | $4.78 | +20% |
| Q2 2026 | $4.50 | +12% |
| Q1 2026 | $3.91 | -3.5% |
| Q4 2025 | $3.99 | -2.4% |
| Q3 2025 | $4.00 | -3.1% |
| Q2 2025 | $4.03 | -2.2% |
| Q1 2025 | $4.05 | -2.9% |
| Q4 2024 | $4.09 | -1.2% |
MAIN earned $4.78 per share over the past year, up 20% from the year before.
BAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $30B | +6.7% |
| Q2 2026 | $31.6B | +19% |
| Q1 2026 | $30.3B | +11% |
| Q4 2025 | $31.2B | +23% |
| Q3 2025 | $28.1B | +11% |
| Q2 2025 | $26.5B | +4.3% |
| Q1 2025 | $27.4B | +6% |
| Q4 2024 | $25.3B | +15% |
BAC has the stronger quarterly revenue trend. Revenue is up 6.7% for BAC versus down 57% for MAIN.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -3.7 points |
| Q2 2026 | 37% | +7.6 points |
| Q1 2026 | 34% | +4.7 points |
| Q4 2025 | 40% | +12 points |
| Q3 2025 | 34% | +4.8 points |
| Q2 2025 | 29% | -0.7 points |
| Q1 2025 | 30% | +1.5 points |
| Q4 2024 | 28% | +14 points |
BAC's operating margin was 30% last quarter, down 3.7 points from the same quarter a year ago.
MAIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $55.5M | -57% |
| Q1 2022 | $97.5M | +20% |
| Q4 2021 | $135.5M | +32% |
| Q3 2021 | $123.7M | +22% |
| Q2 2021 | $129.7M | +129% |
| Q4 2020 | $102.8M | +183% |
MAIN's revenue has held roughly level: $56M last quarter, down 57% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 45% | -36 points |
| Q1 2022 | 72% | +0.6 points |
| Q4 2021 | 77% | -0.6 points |
| Q3 2021 | 78% | -1 points |
| Q2 2021 | 81% | +17 points |
| Q1 2021 | 72% | N/A |
| Q4 2020 | 78% | +37 points |
| Q3 2020 | 79% | N/A |
MAIN's operating margin was 45% last quarter, down 36 points from the same quarter a year ago, near the bottom of its range since 2019.
BAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.5B | -114% |
| Q2 2026 | $29B | +$38.2B |
| Q1 2026 | $41.8B | +$44B |
| Q4 2025 | -$22.9B | -189% |
| Q3 2025 | $46.9B | +$84.2B |
| Q2 2025 | -$9.1B | -150% |
| Q1 2025 | -$2.2B | +$13.4B |
| Q4 2024 | $25.9B | -21% |
BAC has the edge over MAIN on cash generation, producing positive trailing cash flow while its opponent burns cash.
MAIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $71.5M | -21% |
| Q2 2026 | $116.6M | +14% |
| Q1 2026 | -$138.5M | -$118.1M |
| Q4 2025 | -$218.5M | -251% |
| Q3 2025 | $90.6M | +25% |
| Q2 2025 | $102.5M | +$289M |
| Q1 2025 | -$20.4M | +$97.7M |
| Q4 2024 | $145M | -5.6% |
MAIN's free cash flow was −$169M over the past year, against $318M the year before. Free cash flow isn't a meaningful measure for financial services companies like MAIN.
BAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -72M shares |
| 1 year | -5.3% | -405M shares |
| 3 years | -11% | -854M shares |
| 5 years | -15% | -1.3B shares |
| Available history | -24% | -2.2B shares |
BAC has the edge over MAIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6B |
| Q2 2026 | $6B |
| Q1 2026 | $7.2B |
| Q4 2025 | $6.3B |
| Q3 2025 | $5.3B |
| Q2 2025 | $5.3B |
| Q1 2025 | $4.5B |
| Q4 2024 | $3.5B |
BAC spent $25.6B buying back its own shares over the past year, up 37% from the year before.
MAIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +503K shares |
| 1 year | +4.6% | +4.1M shares |
| 3 years | +13% | +10.8M shares |
| 5 years | +36% | +24.7M shares |
| Available history | +47% | +30M shares |
MAIN has 94M diluted shares, up 4.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | $256,000 |
| Q3 2021 | $575,000 |
| Q2 2021 | $4.5M |
| Q1 2021 | $7,000 |
| Q4 2020 | $124,000 |
| Q3 2020 | — |
BAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 7.1x | High |
| Q4 2025 | 7.7x | High |
| Q3 2025 | 8.3x | High |
| Q2 2025 | 8.8x | High |
| Q1 2025 | 8.6x | High |
| Q4 2024 | 9.0x | High |
BAC's net debt is about 6.4 years of its operating earnings (EBITDA), down from 8.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BAC.
MAIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 6.1x | High |
| Q1 2022 | 4.8x | High |
| Q4 2021 | 4.8x | High |
| Q3 2021 | 4.1x | High |
| Q2 2021 | 4.2x | High |
| Q1 2021 | 4.9x | High |
| Q4 2020 | 71.9x | High |
| Q4 2019 | 8.0x | High |
MAIN's net debt is about 6.1 years of its operating earnings (EBITDA), up from 4.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MAIN.
BAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 4.9 | Oversold |
BAC's weekly RSI is 37 (neutral) and its Stochastic is 5 (oversold).
MAIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 52.2 | Neutral |
MAIN's weekly RSI is 53 (neutral) and its Stochastic is 52 (neutral).
BAC PE vs Financial Services Sector
| Metric | BAC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.5% below |
| PE % | 40 | 63 | 23 pts below |
BAC is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
MAIN PE vs Financial Services Sector
| Metric | MAIN | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.7% below |
| PE % | 46 | 63 | 17 pts below |
MAIN has the edge over BAC on valuation relative to its sector.
BAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.1 | 3% below |
| 20 week MA | $57.8 | 13% below |
| 50 week MA | $54.7 | 7.7% below |
| 100 week MA | $50.5 | 0% below |
| 200 week MA | $42.5 | 19% above |
BAC has fallen below most of its moving averages, though it's still 19% above its 200-week average.
MAIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.0 | 2.3% above |
| 20 week MA | $55.6 | 1.1% above |
| 50 week MA | $56.1 | 0.2% above |
| 100 week MA | $57.8 | 2.7% below |
| 200 week MA | $51.3 | 9.7% above |
MAIN has the edge over BAC on trend strength, trading above more of its moving averages.
BAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.4 | $30.0 | -15% |
| 2021 | $30.0 | $44.4 | +48% |
| 2022 | $44.4 | $32.5 | -27% |
| 2023 | $32.5 | $33.7 | +3.7% |
| 2024 | $33.7 | $44.3 | +32% |
| 2025 | $44.3 | $56.2 | +27% |
| 2026 YTD | $56.2 | $50.5 | -10% |
BAC has finished higher in four of the last six years. It's down 10% so far in 2026.
MAIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.4 | $31.1 | -28% |
| 2021 | $31.1 | $44.0 | +41% |
| 2022 | $44.0 | $36.8 | -16% |
| 2023 | $36.8 | $43.2 | +18% |
| 2024 | $43.2 | $57.9 | +34% |
| 2025 | $57.9 | $60.8 | +5% |
| 2026 YTD | $60.8 | $56.2 | -7.5% |
MAIN has the edge over BAC on returns for 2026, with the stronger performance.