EAGLE CAPITAL GROWTH FUND, INC. (GRF)
Eagle Capital Growth Fund, Inc. is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index. It was previously known as NAIC Growth Fund, Inc. Eagle Capital Growth Fund, Inc. was formed on April 11, 1989 and is domiciled in the United States.
Industry: Asset Management
Eagle Capital Growth Fund, Inc.
NYSE:GRFFinancial Services · Asset Management
-1.53%$9.97
Mkt Cap$39.56M
Float3.65M
O/S3.97M
Inst Own2.6%
SI0.1%
Div Yield8.53%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.98M
Net Income$5.03M
Total Assets$47.5M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$47.44M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GRF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$47.5M
Liabilities$65K
Accounts Receivable$76K
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $3.98M | $3.4M | $1.84M | $1.96M | $4.45M | $2.64M | $6.81M | -$1.39M | $5.35M | $3.46M | $438K | $2.28M | $6.72M | $2.84M | $1.24M | $3.23M |
| YoY Growth | 17.1% | 84.2% | -6.0% | -56.0% | 68.8% | -61.3% | -589.0% | -126.0% | 54.6% | 690.7% | -80.8% | -66.0% | 136.8% | 129.8% | -61.7% | - |
| Cost of Revenue | $438K | $434K | $383K | $398K | $428K | $330K | $334K | $330K | $310K | $280K | $280K | $270K | $280K | $0 | $0 | $0 |
| Gross Profit | $3.54M | $5.8M | $4.85M | $1.56M | $9.03M | $2.31M | $6.48M | -$1.72M | $5.04M | $3.18M | $158K | $2.01M | $6.44M | $2.84M | $1.24M | $3.23M |
| Gross Margin | 89.0% | 170.8% | 263.2% | 79.7% | 202.7% | 87.5% | 95.1% | 123.7% | 94.2% | 91.9% | 36.1% | 88.2% | 95.8% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $204K | $200K | $194K | $195K | $170K | $150K | $146K | $154K | $148K | $143K | $143K | $136K | $137K | $128K | $127K | $141K |
| Other | -$1.7M | $60K | $47K | $49K | $45K | $309K | $45K | $76K | $73K | $61K | $68K | $68K | $77K | $0 | $0 | $0 |
| Total Operating Expenses | -$1.49M | $260K | $241K | $244K | $215K | $459K | $191K | $196K | $193K | $191K | $188K | $178K | $167K | $161K | $164K | $166K |
| Operating Income (EBIT) | $5.03M | $5.54M | $4.61M | -$1.81M | $8.82M | $201K | $6.62M | $370K | $10.32M | $3.27M | $33.37M | $2.11M | $6.56M | $2.68M | $1.07M | $3.06M |
| Operating Margin | 126.5% | 163.2% | 250.2% | -92.0% | 197.9% | 7.6% | 97.2% | -26.6% | 192.8% | 94.5% | 7620.9% | 92.2% | 97.5% | 94.3% | 86.7% | 94.9% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $997K | $296K | $144K | $41K | $653 | $15K | $72K | $17K | $41K | $11K | $229 | $422 | $448 | $781 | $940 | $532 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $3.35M | $0 | $330K | $0 | $0 | $131K | $2.03M | $6.46M | $0 | $0 | $0 |
| Income Before Tax (EBT) | $5.03M | $5.54M | $4.61M | -$1.81M | $8.82M | $3.55M | $6.62M | -$1.59M | $5.16M | $3.27M | $249K | $2.11M | $6.56M | $2.68M | $1.07M | $3.06M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$455 | $1K | -$1K | $568 | $4K | $4K | $0 | $0 | $0 |
| Net Income | $5.03M | $5.54M | $4.61M | -$1.81M | $8.82M | $3.55M | $6.62M | -$1.59M | $5.16M | $3.27M | $249K | $2.11M | $6.56M | $2.68M | $1.07M | $3.06M |
| Net Income Margin | 126.5% | 163.2% | 250.2% | -92.0% | 197.9% | 134.6% | 97.2% | 114.1% | 96.4% | 94.5% | 57.0% | 92.2% | 97.5% | 94.3% | 86.7% | 94.9% |
| Supplementary Data | ||||||||||||||||
| EPS | 1.27 | 1.40 | 1.16 | -0.46 | 2.21 | 0.87 | 1.70 | -0.42 | 1.44 | 1.00 | 0.08 | 0.68 | 2.10 | 0.85 | 0.36 | 1.03 |
| Diluted EPS | 1.27 | 1.40 | 1.16 | -0.46 | 2.21 | 0.87 | 1.70 | -0.42 | 1.44 | 1.00 | 0.08 | 0.68 | 2.10 | 0.85 | 0.36 | 1.03 |
| Weighted Average OS | 3.97M | 3.97M | 3.97M | 3.97M | 3.99M | 4.07M | 3.90M | 3.78M | 3.58M | 3.27M | 3.12M | 3.10M | 3.12M | 3.13M | 2.98M | 2.98M |
| EBITDA | $5.03M | $5.54M | $4.61M | -$1.81M | $8.82M | $3.55M | $6.62M | -$1.59M | $5.16M | $3.27M | -$33.25M | $2.03M | $6.46M | $0 | $1.07M | $3.06M |
| EBITDA Margin | 126.5% | 163.2% | 250.2% | -92.0% | 197.9% | 134.6% | 97.2% | 114.1% | 96.4% | 94.5% | -7593.9% | 88.9% | 96.2% | - | 86.7% | 94.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $6.92M | $7.69M | $2.78M | $2.91M | $6.52M | $3.89M | $5.32M | $2.29M | $2.69M | $5.76M | $0 | $0 | $0 | $0 | $1.2M | $32K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.92M | $7.69M | $2.78M | $2.91M | $6.52M | $0 | $5.32M | $2.29M | $2.69M | $5.76M | $0 | $0 | $0 | $0 | $1.2M | $32K |
| Accounts Receivable | $76K | $131K | $56K | $63K | $46K | $55K | $58K | $57K | $41K | $45K | $52K | $76K | $47K | $162K | $46K | $38K |
| Inventory | $0 | $0 | -$2.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$14K | $0 | $14K | -$2.92M | -$6.52M | -$15K | -$5.33M | $13K | $13K | $13K | $13K | $16K | $16K | $13K | $0 | $0 |
| Total Current Assets | $6.99M | $145K | $69K | $63K | $59K | $55K | $58K | $60K | $41K | $45K | $52K | $79K | $47K | $162K | $1.25M | $71K |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $40.49M | $45.7M | $42.93M | $39.7M | $43.03M | $38.83M | $37.51M | $31.69M | $34.06M | $29.63M | $27.77M | $28.07M | $27.15M | $24.47M | $21.03M | $23.19M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $14K | $0 | $0 | $0 | $0 | $0 | $0 | -$31.69M | -$34.06M | -$29.63M | -$27.77M | -$28.07M | -$27.15M | -$24.47M | -$21.03M | -$23.19M |
| Total Long-Term Assets | $40.51M | $45.7M | $42.93M | $39.7M | $43.03M | $38.83M | $37.51M | $31.69M | $34.06M | $29.63M | $27.77M | $28.07M | $27.15M | $24.47M | $21.03M | $23.19M |
| Other Assets | $0 | $0 | $0 | $14K | $14K | $15K | $14K | $10K | $13K | $13K | $13K | $13K | $16K | $13K | $12K | $12K |
| Total Assets | $47.5M | $45.84M | $43M | $39.78M | $43.09M | $38.9M | $37.58M | $31.76M | $34.11M | $29.69M | $27.83M | $28.16M | $27.21M | $24.64M | $22.29M | $23.28M |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $0 | $33K | $0 | $2K | $29K | $0 | $6K | $4K | $3K | $2K | $20K | $3K | $782 | $802K | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$31K | -$32K | $0 | $0 | $0 | -$25K | -$24K | -$24K | -$23K | -$20K | -$22K | -$19K | -$818K | $0 | $0 |
| Total Current Liabilities | $32K | $63K | $65K | $2K | $29K | $28K | $6K | $20K | $23K | $22K | $40K | $23K | $21K | $2K | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $65K | $0 | $0 | $0 | $31K | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $65K | $0 | $0 | $0 | $31K | $27K | $54K | $48K | $47K | $47K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $60K | $3K | -$28K | -$54K | -$20K | -$23K | -$22K | $40K | $40K | $50K | $844K | $46K | $43K |
| Total Liabilities | $65K | $63K | $65K | $64K | $60K | $54K | $6K | $48K | $47K | $47K | $43K | $45K | $48K | $844K | $46K | $43K |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $23.56M | $23.56M | $23.56M | $23.64M | $4K | $4K | $4K | $4K | $4K | $4K | $3K | $3K | $3K | $3K | $3K | $3K |
| Retained Earnings | $23.88M | $22.22M | $19.38M | $16.07M | $52K | $9K | $70K | $20K | -$3K | $41K | -$20K | $20K | $2K | $126K | $27K | $11K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $19.28M | $14.38M | $13.01M | $8.62M | $12.21M | $8.83M | $9.51M | $10.78M | $9.85M | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $42.97M | $38.83M | $37.46M | $31.69M | $34.06M | $29.6M | $27.8M | $28.09M | $27.16M | $23.67M | $22.21M | $23.22M |
| Total Equity | $47.44M | $45.78M | $42.94M | $39.71M | $43.03M | $38.84M | $37.53M | $31.71M | $34.06M | $29.64M | $27.79M | $28.11M | $27.16M | $23.8M | $22.24M | $23.23M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $47.5M | $45.84M | $43M | $39.78M | $43.09M | $38.9M | $37.54M | $31.76M | $34.11M | $29.69M | $27.83M | $28.16M | $27.21M | $24.64M | $22.29M | $23.28M |
| Supplementary Data | ||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$6.92M | -$7.69M | -$2.78M | -$2.91M | -$6.52M | -$3.89M | -$5.32M | -$2.29M | -$2.69M | -$5.76M | $0 | $0 | $0 | $0 | -$1.2M | -$32K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $5.03M | $5.54M | $4.61M | -$1.81M | $8.82M | $3.55M | $6.62M | -$1.59M | $5.16M | $3.27M | $249K | $2.11M | $6.56M | $2.68M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$5.03M | -$5.54M | -$4.61M | $1.81M | -$8.82M | -$3.55M | -$6.62M | $1.59M | -$5.16M | -$3.27M | -$249K | -$2.11M | -$6.56M | -$2.68M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | -$3.62M | $2.63M | -$1.43M | $3.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $6.52M | $3.89M | $5.32M | $2.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $2.91M | $6.52M | $3.89M | $5.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |