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MSIF vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
MSIF vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $612M | $243M |
| Revenue (TTM) | $130M | $97M |
| Net Income (TTM) | $89M | $-12M |
| Gross Margin | 72.7% | 83.5% |
| Operating Margin | 97.5% | 77.9% |
| Forward P/E | 8.8x | 6.5x |
| Total Debt | $603M | $469M |
| Cash & Equiv. | $21M | $20M |
MSIF vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 25 | May 26 | Return |
|---|---|---|---|
| MSC Income Fund, In… (MSIF) | 100 | 80.1 | -19.9% |
| TriplePoint Venture… (TPVG) | 100 | 74.3 | -25.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MSIF vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MSIF carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 5 yrs, beta 0.59, yield 8.5%
- Lower volatility, beta 0.59, Low D/E 81.6%, current ratio 1.06x
- Beta 0.59, yield 8.5%, current ratio 1.06x
TPVG is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 93.3% 10Y total return vs MSIF's 12.8%
- 36.6% NII/revenue growth vs MSIF's 27.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs MSIF's 27.4% | |
| Value | Lower P/E (6.5x vs 8.8x) | |
| Quality / Margins | 68.4% margin vs TPVG's 50.6% | |
| Stability / Safety | Beta 0.59 vs TPVG's 0.83, lower leverage | |
| Dividends | 8.5% yield, 5-year raise streak, vs TPVG's 17.1% | |
| Momentum (1Y) | +19.3% vs MSIF's -6.2% | |
| Efficiency (ROA) | 6.7% ROA vs TPVG's -1.5%, ROIC 7.5% vs 7.2% |
MSIF 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)
MSIF leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MSIF and TPVG operate at a comparable scale, with $130M and $97M in trailing revenue. MSIF is the more profitable business, keeping 68.4% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $130M | $97M |
| EBITDAEarnings before interest/tax | $126M | -$22M |
| Net IncomeAfter-tax profit | $89M | -$12M |
| Free Cash FlowCash after capex | -$70M | $35M |
| Gross MarginGross profit ÷ Revenue | +72.7% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +97.5% | +77.9% |
| Net MarginNet income ÷ Revenue | +68.4% | +50.6% |
| FCF MarginFCF ÷ Revenue | -54.3% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +25.5% | -2.3% |
Valuation Metrics
TPVG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 28% valuation discount to MSIF's 6.8x P/E. On an enterprise value basis, TPVG's 9.1x EV/EBITDA is more attractive than MSIF's 9.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $612M | $243M |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $691M |
| Trailing P/EPrice ÷ TTM EPS | 6.83x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.85x | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 9.45x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 4.72x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.82x | 0.68x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
MSIF leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MSIF delivers a 12.2% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-3 for TPVG. MSIF carries lower financial leverage with a 0.82x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x. On the Piotroski fundamental quality scale (0–9), MSIF scores 6/9 vs TPVG's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +12.2% | -3.4% |
| ROA (TTM)Return on assets | +6.7% | -1.5% |
| ROICReturn on invested capital | +7.5% | +7.2% |
| ROCEReturn on capital employed | +10.0% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.82x | 1.33x |
| Net DebtTotal debt minus cash | $582M | $449M |
| Cash & Equiv.Liquid assets | $21M | $20M |
| Total DebtShort + long-term debt | $603M | $469M |
| Interest CoverageEBIT ÷ Interest expense | 3.74x | -1.02x |
Total Returns (Dividends Reinvested)
MSIF leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MSIF five years ago would be worth $11,283 today (with dividends reinvested), compared to $8,649 for TPVG. Over the past 12 months, TPVG leads with a +19.3% total return vs MSIF's -6.2%. The 3-year compound annual growth rate (CAGR) favors MSIF at 3.1% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.4% | -6.3% |
| 1-Year ReturnPast 12 months | -6.2% | +19.3% |
| 3-Year ReturnCumulative with dividends | +9.6% | -3.4% |
| 5-Year ReturnCumulative with dividends | +12.8% | -13.5% |
| 10-Year ReturnCumulative with dividends | +12.8% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +3.1% | -1.2% |
Risk & Volatility
Evenly matched — MSIF and TPVG each lead in 1 of 2 comparable metrics.
Risk & Volatility
MSIF is the less volatile stock with a 0.59 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 MSIF's 72.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.59x | 0.83x |
| 52-Week HighHighest price in past year | $18.09 | $7.53 |
| 52-Week LowLowest price in past year | $11.78 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +72.1% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 54.6 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 335K | 504K |
Analyst Outlook
Evenly matched — MSIF and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MSIF as "Buy" and TPVG as "Hold". Consensus price targets imply 49.4% upside for TPVG (target: $9) vs 15.0% for MSIF (target: $15). For income investors, TPVG offers the higher dividend yield at 17.11% vs MSIF's 8.51%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $15.00 | $8.95 |
| # AnalystsCovering analysts | 6 | 12 |
| Dividend YieldAnnual dividend ÷ price | +8.5% | +17.1% |
| Dividend StreakConsecutive years of raises | 5 | 0 |
| Dividend / ShareAnnual DPS | $1.11 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | 0.0% |
MSIF leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TPVG leads in 1 (Valuation Metrics). 2 tied.
MSIF vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MSIF 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 27. 4% for MSC Income Fund, Inc. (MSIF). 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 MSC Income Fund, Inc. (MSIF) a "Buy" — based on 6 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 — MSIF or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus MSC Income Fund, Inc. at 6. 8x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x.
03Which is the better long-term investment — MSIF or TPVG?
Over the past 5 years, MSC Income Fund, Inc.
(MSIF) delivered a total return of +12. 8%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus MSIF's +12. 8%. 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 — MSIF or TPVG?
By beta (market sensitivity over 5 years), MSC Income Fund, Inc.
(MSIF) is the lower-risk stock at 0. 59β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 40% more volatile than MSIF relative to the S&P 500. On balance sheet safety, MSC Income Fund, Inc. (MSIF) carries a lower debt/equity ratio of 82% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — MSIF or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 27. 4% for MSC Income Fund, Inc. (MSIF). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to 35. 5% for MSC Income Fund, 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 — MSIF or TPVG?
MSC Income Fund, Inc.
(MSIF) is the more profitable company, earning 68. 4% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 68. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSIF leads at 97. 5% versus 77. 9% for TPVG. 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 MSIF 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. 8x for MSC Income Fund, Inc. — 2. 3x 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 — MSIF or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 8. 5% for MSC Income Fund, Inc. (MSIF).
09Is MSIF or TPVG better for a retirement portfolio?
For long-horizon retirement investors, MSC Income Fund, Inc.
(MSIF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 59), 8. 5% yield). Both have compounded well over 10 years (MSIF: +12. 8%, 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 MSIF 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.
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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