BCSF
Bain Capital Specialty Finance, Inc.
Asset Management
Market Cap$896M
5Y Perf.+28.7%
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Stock Comparison
BCSF vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$243M
5Y Perf.-40.2%
BCSF vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BCSF | TPVG |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $896M | $243M |
| Revenue (TTM) | $213M | $97M |
| Net Income (TTM) | $93M | $-12M |
| Gross Margin | 64.9% | 83.5% |
| Operating Margin | 58.2% | 77.9% |
| Forward P/E | 8.5x | 6.5x |
| Total Debt | $1.39B | $469M |
| Cash & Equiv. | $54M | $20M |
BCSF vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BCSF
TPVG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Bain Capital Specia… (BCSF) | 100 | 128.7 | +28.7% |
| TriplePoint Venture… (TPVG) | 100 | 59.8 | -40.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BCSF vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TPVG leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Bain Capital Specialty Finance, Inc. is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
BCSF
Bain Capital Specialty Finance, Inc.
The Banking Pick
BCSF is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.73, yield 12.8%
- Lower volatility, beta 0.73, current ratio 1.92x
- Beta 0.73, yield 12.8%, current ratio 1.92x
Best for: income & stability and sleep-well-at-night
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 93.3% 10Y total return vs BCSF's 43.1%
- NIM 7.4% vs BCSF's 5.6%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs BCSF's -2.3% |
| Value | TPVG | Lower P/E (6.5x vs 8.5x) |
| Quality / Margins | TPVG | Efficiency ratio 0.1% vs BCSF's 0.1% (lower = leaner) |
| Stability / Safety | BCSF | Beta 0.73 vs TPVG's 0.83, lower leverage |
| Dividends | BCSF | 12.8% yield, 2-year raise streak, vs TPVG's 17.1% |
| Momentum (1Y) | TPVG | +19.3% vs BCSF's +6.7% |
| Efficiency (ROA) | TPVG | Efficiency ratio 0.1% vs BCSF's 0.1% |
BCSF vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBCSFLAGGINGTPVG
TPVGTriplePoint Venture G…
1leads
BCSFBain Capital Specialt…
3leads
6 Total Categories
CATEGORYLEADERvs TPVGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BCSF3/5
Valuation MetricsMultiples, price ratios, and targets
TPVG5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
BCSF4/6
Risk & VolatilityBeta, volatility, and downside exposure
BCSF2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
BCSF leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BCSF is the larger business by revenue, generating $213M annually — 2.2x TPVG's $97M. BCSF is the more profitable business, keeping 56.1% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| RevenueTrailing 12 months | $213M | $97M |
| EBITDAEarnings before interest/tax | $97M | -$22M |
| Net IncomeAfter-tax profit | $93M | -$12M |
| Free Cash FlowCash after capex | $88M | $35M |
| Gross MarginGross profit ÷ Revenue | +64.9% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +58.2% | +77.9% |
| Net MarginNet income ÷ Revenue | +56.1% | +50.6% |
| FCF MarginFCF ÷ Revenue | +52.9% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -43.1% | -2.3% |
BCSF leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TPVG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 34% valuation discount to BCSF's 7.5x P/E. On an enterprise value basis, TPVG's 9.1x EV/EBITDA is more attractive than BCSF's 18.0x.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| Market CapShares × price | $896M | $243M |
| Enterprise ValueMkt cap + debt − cash | $2.2B | $691M |
| Trailing P/EPrice ÷ TTM EPS | 7.46x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.54x | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 18.02x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 4.21x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.78x | 0.68x |
| Price / FCFMarket cap ÷ FCF | 7.96x | — |
TPVG leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
Evenly matched — BCSF and TPVG each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
BCSF delivers a 8.3% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-3 for TPVG. BCSF carries lower financial leverage with a 1.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| ROE (TTM)Return on equity | +8.3% | -3.4% |
| ROA (TTM)Return on assets | +3.4% | -1.5% |
| ROICReturn on invested capital | +3.8% | +7.2% |
| ROCEReturn on capital employed | +5.0% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.22x | 1.33x |
| Net DebtTotal debt minus cash | $1.3B | $449M |
| Cash & Equiv.Liquid assets | $54M | $20M |
| Total DebtShort + long-term debt | $1.4B | $469M |
| Interest CoverageEBIT ÷ Interest expense | 1.19x | -1.02x |
Evenly matched — BCSF and TPVG each lead in 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
BCSF leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BCSF five years ago would be worth $13,738 today (with dividends reinvested), compared to $8,649 for TPVG. Over the past 12 months, TPVG leads with a +19.3% total return vs BCSF's +6.7%. The 3-year compound annual growth rate (CAGR) favors BCSF at 18.8% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| YTD ReturnYear-to-date | +1.9% | -6.3% |
| 1-Year ReturnPast 12 months | +6.7% | +19.3% |
| 3-Year ReturnCumulative with dividends | +67.5% | -3.4% |
| 5-Year ReturnCumulative with dividends | +37.4% | -13.5% |
| 10-Year ReturnCumulative with dividends | +43.1% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +18.8% | -1.2% |
BCSF leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
BCSF leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BCSF is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BCSF currently trades 86.3% from its 52-week high vs TPVG's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.73x | 0.83x |
| 52-Week HighHighest price in past year | $16.00 | $7.53 |
| 52-Week LowLowest price in past year | $11.82 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +86.3% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 65.8 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 498K | 504K |
BCSF leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — BCSF and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BCSF as "Hold" and TPVG as "Hold". Consensus price targets imply 49.4% upside for TPVG (target: $9) vs 1.4% for BCSF (target: $14). For income investors, TPVG offers the higher dividend yield at 17.11% vs BCSF's 12.82%.
| Metric | BCSFBain Capital Spec… | TPVGTriplePoint Ventu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $14.00 | $8.95 |
| # AnalystsCovering analysts | 8 | 12 |
| Dividend YieldAnnual dividend ÷ price | +12.8% | +17.1% |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $1.77 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Evenly matched — BCSF and TPVG each lead in 1 of 2 comparable metrics.
Key Takeaway
BCSF leads in 3 of 6 categories (Income & Cash Flow, Total Returns). TPVG leads in 1 (Valuation Metrics). 2 tied.
Best OverallBain Capital Specialty Fina… (BCSF)Leads 3 of 6 categories
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BCSF vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BCSF or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus -2. 3% for Bain Capital Specialty Finance, Inc. (BCSF). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 5x forward), making it the more compelling value choice. Analysts rate Bain Capital Specialty Finance, Inc. (BCSF) a "Hold" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BCSF or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus Bain Capital Specialty Finance, Inc. at 7. 5x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x.
03Which is the better long-term investment — BCSF or TPVG?
Over the past 5 years, Bain Capital Specialty Finance, Inc.
(BCSF) delivered a total return of +37. 4%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus BCSF's +43. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BCSF or TPVG?
By beta (market sensitivity over 5 years), Bain Capital Specialty Finance, Inc.
(BCSF) is the lower-risk stock at 0. 73β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 13% more volatile than BCSF relative to the S&P 500. On balance sheet safety, Bain Capital Specialty Finance, Inc. (BCSF) carries a lower debt/equity ratio of 122% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — BCSF or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus -2. 3% for Bain Capital Specialty Finance, Inc. (BCSF). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -3. 1% for Bain Capital Specialty Finance, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BCSF or TPVG?
Bain Capital Specialty Finance, Inc.
(BCSF) is the more profitable company, earning 56. 1% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 56. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 58. 2% for BCSF. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BCSF or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 5x forward P/E versus 8. 5x for Bain Capital Specialty Finance, Inc. — 2. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 49. 4% to $8. 95.
08Which pays a better dividend — BCSF or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 12. 8% for Bain Capital Specialty Finance, Inc. (BCSF).
09Is BCSF or TPVG better for a retirement portfolio?
For long-horizon retirement investors, Bain Capital Specialty Finance, Inc.
(BCSF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 73), 12. 8% yield). Both have compounded well over 10 years (BCSF: +43. 1%, TPVG: +93. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BCSF and TPVG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BCSF is a small-cap deep-value stock; TPVG is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BCSF: -2.3% · TPVG: 36.6%)Net Margin>
%
(BCSF: 56.1% · TPVG: 50.6%)P/E Ratio<
x
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