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ICMB vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
ICMB vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $24M | $243M |
| Revenue (TTM) | $23M | $97M |
| Net Income (TTM) | $2M | $-12M |
| Gross Margin | 100.0% | 83.5% |
| Operating Margin | 65.0% | 77.9% |
| Forward P/E | 2.0x | 6.5x |
| Total Debt | $122M | $469M |
| Cash & Equiv. | $771K | $20M |
ICMB vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Investcorp Credit M… (ICMB) | 100 | 41.6 | -58.4% |
| TriplePoint Venture… (TPVG) | 100 | 59.8 | -40.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ICMB vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ICMB is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.26, yield 14.3%
- Lower volatility, beta 0.26, current ratio 2.05x
- Beta 0.26, yield 14.3%, current ratio 2.05x
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 ICMB's 9.5%
- 36.6% NII/revenue growth vs ICMB's 0.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs ICMB's 0.0% | |
| Value | Lower P/E (2.0x vs 6.5x) | |
| Quality / Margins | Efficiency ratio 0.1% vs ICMB's 0.3% (lower = leaner) | |
| Stability / Safety | Beta 0.26 vs TPVG's 0.83 | |
| Dividends | 17.1% yield, vs ICMB's 14.3% | |
| Momentum (1Y) | +19.3% vs ICMB's -26.6% | |
| Efficiency (ROA) | Efficiency ratio 0.1% vs ICMB's 0.3% |
ICMB 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)
ICMB leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TPVG is the larger business by revenue, generating $97M annually — 4.2x ICMB's $23M. Profitability is closely matched — net margins range from 52.0% (ICMB) to 50.6% (TPVG).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $23M | $97M |
| EBITDAEarnings before interest/tax | $0 | -$22M |
| Net IncomeAfter-tax profit | $2M | -$12M |
| Free Cash FlowCash after capex | -$7M | $35M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +65.0% | +77.9% |
| Net MarginNet income ÷ Revenue | +52.0% | +50.6% |
| FCF MarginFCF ÷ Revenue | -58.2% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -92.4% | -2.3% |
Valuation Metrics
ICMB leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
At 2.0x trailing earnings, ICMB trades at a 60% valuation discount to TPVG's 4.9x P/E.
| Metric | ||
|---|---|---|
| Market CapShares × price | $24M | $243M |
| Enterprise ValueMkt cap + debt − cash | $145M | $691M |
| Trailing P/EPrice ÷ TTM EPS | 1.99x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | — | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 1.04x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.31x | 0.68x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
ICMB leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ICMB delivers a 2.4% return on equity — every $100 of shareholder capital generates $2 in annual profit, vs $-3 for TPVG. TPVG carries lower financial leverage with a 1.33x debt-to-equity ratio, signaling a more conservative balance sheet compared to ICMB's 1.57x. On the Piotroski fundamental quality scale (0–9), TPVG scores 5/9 vs ICMB's 2/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +2.4% | -3.4% |
| ROA (TTM)Return on assets | +0.9% | -1.5% |
| ROICReturn on invested capital | +5.7% | +7.2% |
| ROCEReturn on capital employed | +7.6% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 5 |
| Debt / EquityFinancial leverage | 1.57x | 1.33x |
| Net DebtTotal debt minus cash | $121M | $449M |
| Cash & Equiv.Liquid assets | $771,483 | $20M |
| Total DebtShort + long-term debt | $122M | $469M |
| Interest CoverageEBIT ÷ Interest expense | 1.10x | -1.02x |
Total Returns (Dividends Reinvested)
TPVG 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 $7,538 for ICMB. Over the past 12 months, TPVG leads with a +19.3% total return vs ICMB's -26.6%. The 3-year compound annual growth rate (CAGR) favors ICMB at -0.5% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -37.9% | -6.3% |
| 1-Year ReturnPast 12 months | -26.6% | +19.3% |
| 3-Year ReturnCumulative with dividends | -1.5% | -3.4% |
| 5-Year ReturnCumulative with dividends | -24.6% | -13.5% |
| 10-Year ReturnCumulative with dividends | +9.5% | +93.3% |
| CAGR (3Y)Annualised 3-year return | -0.5% | -1.2% |
Risk & Volatility
Evenly matched — ICMB and TPVG each lead in 1 of 2 comparable metrics.
Risk & Volatility
ICMB is the less volatile stock with a 0.26 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. TPVG currently trades 79.5% from its 52-week high vs ICMB's 53.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.26x | 0.83x |
| 52-Week HighHighest price in past year | $3.12 | $7.53 |
| 52-Week LowLowest price in past year | $1.29 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +53.5% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 41.6 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 60K | 504K |
Analyst Outlook
TPVG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, TPVG offers the higher dividend yield at 17.11% vs ICMB's 14.31%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | — | 12 |
| Dividend YieldAnnual dividend ÷ price | +14.3% | +17.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.24 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ICMB leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). TPVG leads in 2 (Total Returns, Analyst Outlook). 1 tied.
ICMB vs TPVG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ICMB 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 0. 0% for Investcorp Credit Management BDC, Inc. (ICMB). Investcorp Credit Management BDC, Inc. (ICMB) offers the better valuation at 2. 0x trailing P/E, 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 — ICMB or TPVG?
On trailing P/E, Investcorp Credit Management BDC, Inc.
(ICMB) is the cheapest at 2. 0x versus TriplePoint Venture Growth BDC Corp. at 4. 9x.
03Which is the better long-term investment — ICMB or TPVG?
Over the past 5 years, TriplePoint Venture Growth BDC Corp.
(TPVG) delivered a total return of -13. 5%, compared to -24. 6% for Investcorp Credit Management BDC, Inc. (ICMB). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus ICMB's +9. 5%. 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 — ICMB or TPVG?
By beta (market sensitivity over 5 years), Investcorp Credit Management BDC, Inc.
(ICMB) is the lower-risk stock at 0. 26β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 217% more volatile than ICMB relative to the S&P 500. On balance sheet safety, TriplePoint Venture Growth BDC Corp. (TPVG) carries a lower debt/equity ratio of 133% versus 157% for Investcorp Credit Management BDC, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ICMB or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 0. 0% for Investcorp Credit Management BDC, Inc. (ICMB). On earnings-per-share growth, the picture is similar: Investcorp Credit Management BDC, Inc. grew EPS 400. 0% year-over-year, compared to 48. 8% for TriplePoint Venture Growth BDC Corp.. 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 — ICMB or TPVG?
Investcorp Credit Management BDC, Inc.
(ICMB) is the more profitable company, earning 52. 0% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 52. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 65. 0% for ICMB. At the gross margin level — before operating expenses — ICMB 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 — ICMB or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 14. 3% for Investcorp Credit Management BDC, Inc. (ICMB).
08Is ICMB or TPVG better for a retirement portfolio?
For long-horizon retirement investors, Investcorp Credit Management BDC, Inc.
(ICMB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 26), 14. 3% yield). Both have compounded well over 10 years (ICMB: +9. 5%, 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.
09What are the main differences between ICMB 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: ICMB 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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