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BTX vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
BTX vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Asset Management |
| Market Cap | $945M | $243M |
| Revenue (TTM) | $41M | $97M |
| Net Income (TTM) | $36M | $-12M |
| Gross Margin | 100.0% | 83.5% |
| Operating Margin | 87.7% | 77.9% |
| Forward P/E | 47.6x | 6.5x |
| Total Debt | $0.00 | $469M |
| Cash & Equiv. | — | $20M |
BTX vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 21 | May 26 | Return |
|---|---|---|---|
| BlackRock Technolog… (BTX) | 100 | 39.9 | -60.1% |
| TriplePoint Venture… (TPVG) | 100 | 41.5 | -58.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BTX vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BTX carries the broadest edge in this set and is the clearest fit for quality and dividends.
- 87.7% margin vs TPVG's 50.6%
- 10.6% yield, 1-year raise streak, vs TPVG's 17.1%
- +37.7% vs TPVG's +19.3%
TPVG is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.83, yield 17.1%
- Rev growth 36.6%, EPS growth 48.8%
- 93.3% 10Y total return vs BTX's -37.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs BTX's -81.1% | |
| Value | Lower P/E (6.5x vs 47.6x) | |
| Quality / Margins | 87.7% margin vs TPVG's 50.6% | |
| Stability / Safety | Beta 0.83 vs BTX's 1.29 | |
| Dividends | 10.6% yield, 1-year raise streak, vs TPVG's 17.1% | |
| Momentum (1Y) | +37.7% vs TPVG's +19.3% | |
| Efficiency (ROA) | 1.8% ROA vs TPVG's -1.5%, ROIC 1.4% vs 7.2% |
BTX vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BTX leads this category, winning 4 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
TPVG is the larger business by revenue, generating $97M annually — 2.4x BTX's $41M. BTX is the more profitable business, keeping 87.7% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $41M | $97M |
| EBITDAEarnings before interest/tax | — | -$22M |
| Net IncomeAfter-tax profit | — | -$12M |
| Free Cash FlowCash after capex | — | $35M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +87.7% | +77.9% |
| Net MarginNet income ÷ Revenue | +87.7% | +50.6% |
| FCF MarginFCF ÷ Revenue | +6.8% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | -2.3% |
Valuation Metrics
TPVG leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 90% valuation discount to BTX's 47.6x P/E. On an enterprise value basis, TPVG's 9.1x EV/EBITDA is more attractive than BTX's 26.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $945M | $243M |
| Enterprise ValueMkt cap + debt − cash | $945M | $691M |
| Trailing P/EPrice ÷ TTM EPS | 47.65x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 26.48x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 23.23x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.98x | 0.68x |
| Price / FCFMarket cap ÷ FCF | 3.41x | — |
Profitability & Efficiency
BTX leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BTX delivers a 1.9% return on equity — every $100 of shareholder capital generates $2 in annual profit, vs $-3 for TPVG. On the Piotroski fundamental quality scale (0–9), TPVG scores 5/9 vs BTX's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.9% | -3.4% |
| ROA (TTM)Return on assets | +1.8% | -1.5% |
| ROICReturn on invested capital | +1.4% | +7.2% |
| ROCEReturn on capital employed | +1.8% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | — | 1.33x |
| Net DebtTotal debt minus cash | $0 | $449M |
| Cash & Equiv.Liquid assets | — | $20M |
| Total DebtShort + long-term debt | $0 | $469M |
| Interest CoverageEBIT ÷ Interest expense | 2313.25x | -1.02x |
Total Returns (Dividends Reinvested)
BTX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TPVG five years ago would be worth $8,649 today (with dividends reinvested), compared to $6,198 for BTX. Over the past 12 months, BTX leads with a +37.7% total return vs TPVG's +19.3%. The 3-year compound annual growth rate (CAGR) favors BTX at 12.8% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +24.2% | -6.3% |
| 1-Year ReturnPast 12 months | +37.7% | +19.3% |
| 3-Year ReturnCumulative with dividends | +43.5% | -3.4% |
| 5-Year ReturnCumulative with dividends | -38.0% | -13.5% |
| 10-Year ReturnCumulative with dividends | -37.6% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +12.8% | -1.2% |
Risk & Volatility
Evenly matched — BTX and TPVG each lead in 1 of 2 comparable metrics.
Risk & Volatility
TPVG is the less volatile stock with a 0.83 beta — it tends to amplify market swings less than BTX's 1.29 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BTX currently trades 98.5% from its 52-week high vs TPVG's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.29x | 0.83x |
| 52-Week HighHighest price in past year | $8.22 | $7.53 |
| 52-Week LowLowest price in past year | $6.13 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +98.5% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 73.3 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 727K | 504K |
Analyst Outlook
Evenly matched — BTX and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
For income investors, TPVG offers the higher dividend yield at 17.11% vs BTX's 10.56%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | — | 12 |
| Dividend YieldAnnual dividend ÷ price | +10.6% | +17.1% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $0.86 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +9.8% | 0.0% |
BTX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TPVG leads in 1 (Valuation Metrics). 2 tied.
BTX vs TPVG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BTX 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 -81. 1% for BlackRock Technology and Private Equity Term Trust (BTX). 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 TriplePoint Venture Growth BDC Corp. (TPVG) a "Hold" — based on 12 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 — BTX or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus BlackRock Technology and Private Equity Term Trust at 47. 6x.
03Which is the better long-term investment — BTX or TPVG?
Over the past 5 years, TriplePoint Venture Growth BDC Corp.
(TPVG) delivered a total return of -13. 5%, compared to -38. 0% for BlackRock Technology and Private Equity Term Trust (BTX). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus BTX's -37. 6%. 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 — BTX or TPVG?
By beta (market sensitivity over 5 years), TriplePoint Venture Growth BDC Corp.
(TPVG) is the lower-risk stock at 0. 83β versus BlackRock Technology and Private Equity Term Trust's 1. 29β — meaning BTX is approximately 55% more volatile than TPVG relative to the S&P 500.
05Which is growing faster — BTX or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus -81. 1% for BlackRock Technology and Private Equity Term Trust (BTX). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -82. 7% for BlackRock Technology and Private Equity Term Trust. 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 — BTX or TPVG?
BlackRock Technology and Private Equity Term Trust (BTX) is the more profitable company, earning 87.
7% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 87. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTX leads at 87. 7% versus 77. 9% for TPVG. At the gross margin level — before operating expenses — BTX leads at 100. 0%, 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.
07Which pays a better dividend — BTX or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 10. 6% for BlackRock Technology and Private Equity Term Trust (BTX).
08Is BTX or TPVG better for a retirement portfolio?
For long-horizon retirement investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 83), 17. 1% yield). Both have compounded well over 10 years (TPVG: +93. 3%, BTX: -37. 6%), 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.
09What are the main differences between BTX and TPVG?
These companies operate in different sectors (BTX (Healthcare) and TPVG (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BTX is a small-cap income-oriented 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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