How did NMFC's Q4 earnings surprise impact its annual performance?

New Mountain Finance (NMFC) experienced a significant decline in its Q4 2024 earnings, with a revenue surprise of -$230,000. This negative surprise had a considerable impact on the company's annual performance, as evidenced by the following:

1. **Annual Net Income**: The most recent annual net income figure, from Q4 2023, shows a substantial increase to $136.09 million. This is a notable improvement from the previous year's net income of $114.5 million, indicating a positive trend in earnings.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NMFC|NMFC.O|New Mountain Finance|2022 Q1|-28.556551923633204|3.7047E7|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q2|-80.8785268635227|1.514E7|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q3|-67.19493560358|7514000|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q4|-72.15273082413042|1.4827E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q1|20.95986179717656|4.4812E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q2|131.69088507265522|3.5078E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q3|281.94037796113923|2.8699E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q4|85.47919336345855|2.7501E7|185|
|NMFC|NMFC.O|New Mountain Finance|2024 Q1|-37.329286798179055|2.8084E7|185|
|NMFC|NMFC.O|New Mountain Finance|2024 Q2|-0.8381321626090427|3.4784E7|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|NMFC|NMFC.O|New Mountain Finance|2022 Q1|1.8535475866958115|6.8963E7|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q2|9.83909496552035|7.311E7|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q3|14.567573093436925|7.8449E7|185|
|NMFC|NMFC.O|New Mountain Finance|2022 Q4|8.637269848715844|7.4108E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q1|33.33671679016284|9.1953E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q2|30.61414307208316|9.5492E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q3|20.267944779410826|9.4349E7|185|
|NMFC|NMFC.O|New Mountain Finance|2023 Q4|25.54919846710207|9.3042E7|185|
|NMFC|NMFC.O|New Mountain Finance|2024 Q1|-1.519254401705219|9.0556E7|185|
|NMFC|NMFC.O|New Mountain Finance|2024 Q2|-0.9466761613538308|9.4588E7|185|

2. **Annual Revenue**: The cumulative operating revenue for 2023 was not provided, but the Q4 2023 revenue was $136.09 million. This suggests that NMFC's annual revenue for 2023 was significantly higher than the previous year, despite the lack of a specific annual figure.
3. **Impact of Q4 Surprise on Annual Performance**: The negative Q4 surprise of -$230,000 would have had a significant impact on the annual earnings, potentially leading to a decrease in the overall annual net income. However, the fact that the Q4 2023 net income was higher than the Q4 2022 net income suggests that NMFC may have been able to mitigate some of the negative impact of the Q4 surprise on its annual performance.
4. **Comparison with Previous Years**: NMFC's annual net income has shown a general upward trend over the past two years, with a significant increase from $74.53 million in 2022 to $136.09 million in 2023. This indicates that the company has been performing well, despite the negative surprise in Q4 2024.

In conclusion, while the negative Q4 2024 surprise would have had a significant impact on NMFC's annual earnings, the company's overall annual net income has shown a positive trend over the past two years, suggesting that NMFC may have been able to recover from the Q4 surprise to some extent.