GECCI vs CSWC vs ARCC vs TPVG

For growth investors, TriplePoint Venture Growth BDC Corp.

(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus -1. 7% for Great Elm Capital Corp. 8. 50% Notes DUE 2029 (GECCI). 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 Capital Southwest Corporation (CSWC) a "Buy" — based on 10 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.

On trailing P/E, TriplePoint Venture Growth BDC Corp.

(TPVG) is the cheapest at 4. 9x versus Capital Southwest Corporation at 16. 3x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Ares Capital Corporation wins at 0. 96x versus TriplePoint Venture Growth BDC Corp. 's 6. 41x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Capital Southwest Corporation (CSWC) delivered a total return of +51.

4%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: CSWC returned +234. 2% versus GECCI's +19. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Great Elm Capital Corp.

8. 50% Notes DUE 2029 (GECCI) is the lower-risk stock at 0. 58β versus Capital Southwest Corporation's 0. 84β — meaning CSWC is approximately 45% more volatile than GECCI relative to the S&P 500. On balance sheet safety, Capital Southwest Corporation (CSWC) carries a lower debt/equity ratio of 108% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.

(TPVG) is pulling ahead at 36. 6% versus -1. 7% for Great Elm Capital Corp. 8. 50% Notes DUE 2029 (GECCI). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to -813. 9% for Great Elm Capital Corp. 8. 50% Notes DUE 2029. 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.

Great Elm Capital Corp.

8. 50% Notes DUE 2029 (GECCI) is the more profitable company, earning 57. 7% net margin versus 41. 3% for Ares Capital Corporation — meaning it keeps 57. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GECCI leads at 88. 3% versus 48. 5% for CSWC. At the gross margin level — before operating expenses — GECCI leads at 93. 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Ares Capital Corporation (ARCC) is the more undervalued stock at a PEG of 0. 96x versus TriplePoint Venture Growth BDC Corp. 's 6. 41x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TriplePoint Venture Growth BDC Corp. (TPVG) trades at 6. 5x forward P/E versus 20. 0x for Great Elm Capital Corp. 8. 50% Notes DUE 2029 — 13. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 49. 4% to $8. 95.

All stocks in this comparison pay dividends.

TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 0. 2% for Great Elm Capital Corp. 8. 50% Notes DUE 2029 (GECCI).

For long-horizon retirement investors, Capital Southwest Corporation (CSWC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

84), 10. 2% yield, +234. 2% 10Y return). Both have compounded well over 10 years (CSWC: +234. 2%, GECCI: +19. 4%), 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.

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: GECCI is a small-cap quality compounder stock; CSWC is a small-cap deep-value stock; ARCC is a mid-cap high-growth stock; TPVG is a small-cap high-growth stock. CSWC, ARCC, TPVG pay a dividend while GECCI does not, making them suitable for different income and tax situations. 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.