TCPC
BlackRock TCP Capital Corp.
Asset Management
Market Cap$367M
5Y Perf.-57.3%
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Stock Comparison
TCPC vs BLK
Revenue, margins, valuation, and 5-year total return — side by side.
BLK
BlackRock, Inc.
Asset Management
Market Cap$166.54B
5Y Perf.+103.1%
TCPC vs BLK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TCPC | BLK |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $367M | $166.54B |
| Revenue (TTM) | $-76M | $20.41B |
| Net Income (TTM) | $-89M | $6.10B |
| Gross Margin | 122.1% | 49.4% |
| Operating Margin | 29.9% | 37.1% |
| Forward P/E | 5.6x | 20.2x |
| Total Debt | $1.04B | $14.22B |
| Cash & Equiv. | $61M | $12.76B |
TCPC vs BLK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TCPC
BLK
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BlackRock TCP Capit… (TCPC) | 100 | 42.7 | -57.3% |
| BlackRock, Inc. (BLK) | 100 | 203.1 | +103.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TCPC vs BLK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TCPC leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. BlackRock, Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
TCPC
BlackRock TCP Capital Corp.
The Banking Pick
TCPC carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.77, yield 25.7%
- Lower volatility, beta 0.77, current ratio 0.25x
- Beta 0.77, yield 25.7%, current ratio 0.25x
Best for: income & stability and sleep-well-at-night
BLK
BlackRock, Inc.
The Banking Pick
BLK is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 14.3%, EPS growth 15.1%
- 246.4% 10Y total return vs TCPC's 21.6%
- 14.3% NII/revenue growth vs TCPC's -467.7%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BLK | 14.3% NII/revenue growth vs TCPC's -467.7% |
| Value | TCPC | Lower P/E (5.6x vs 20.2x) |
| Quality / Margins | TCPC | 116.5% margin vs BLK's 31.2% |
| Stability / Safety | TCPC | Beta 0.77 vs BLK's 1.28 |
| Dividends | TCPC | 25.7% yield, vs BLK's 1.9% |
| Momentum (1Y) | BLK | +19.7% vs TCPC's -20.2% |
| Efficiency (ROA) | BLK | 3.7% ROA vs TCPC's -4.9%, ROIC 9.9% vs -1.0% |
TCPC vs BLK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2024
TCPC vs BLK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBLKLAGGINGTCPC
TCPCBlackRock TCP Capital…
1leads
BLKBlackRock, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs TCPCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BLK3/5
Valuation MetricsMultiples, price ratios, and targets
TCPC4/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BLK7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BLK6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
BLK leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BLK and TCPC operate at a comparable scale, with $20.4B and -$76M in trailing revenue. TCPC is the more profitable business, keeping 116.5% of every revenue dollar as net income compared to BLK's 31.2%.
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| RevenueTrailing 12 months | -$76M | $20.4B |
| EBITDAEarnings before interest/tax | -$23M | $8.3B |
| Net IncomeAfter-tax profit | -$89M | $6.1B |
| Free Cash FlowCash after capex | $104M | $3.9B |
| Gross MarginGross profit ÷ Revenue | +122.1% | +49.4% |
| Operating MarginEBIT ÷ Revenue | +29.9% | +37.1% |
| Net MarginNet income ÷ Revenue | +116.5% | +31.2% |
| FCF MarginFCF ÷ Revenue | -2.0% | +23.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -2.1% | -22.7% |
BLK leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TCPC leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| Market CapShares × price | $367M | $166.5B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $168.0B |
| Trailing P/EPrice ÷ TTM EPS | -4.15x | 25.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.64x | 20.21x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.15x |
| EV / EBITDAEnterprise value multiple | — | 20.73x |
| Price / SalesMarket cap ÷ Revenue | — | 8.16x |
| Price / BookPrice ÷ Book value/share | 0.62x | 3.30x |
| Price / FCFMarket cap ÷ FCF | 2.37x | 35.43x |
TCPC leads this category, winning 4 of 4 comparable metrics.
Profitability & Efficiency
BLK leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
BLK delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-12 for TCPC. BLK carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to TCPC's 1.73x. On the Piotroski fundamental quality scale (0–9), BLK scores 6/9 vs TCPC's 3/9, reflecting solid financial health.
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -12.4% | +9.9% |
| ROA (TTM)Return on assets | -4.9% | +3.7% |
| ROICReturn on invested capital | -1.0% | +9.9% |
| ROCEReturn on capital employed | -1.4% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 1.73x | 0.29x |
| Net DebtTotal debt minus cash | $974M | $1.5B |
| Cash & Equiv.Liquid assets | $61M | $12.8B |
| Total DebtShort + long-term debt | $1.0B | $14.2B |
| Interest CoverageEBIT ÷ Interest expense | -0.36x | 9.27x |
BLK leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
BLK leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BLK five years ago would be worth $13,522 today (with dividends reinvested), compared to $7,463 for TCPC. Over the past 12 months, BLK leads with a +19.7% total return vs TCPC's -20.2%. The 3-year compound annual growth rate (CAGR) favors BLK at 20.9% vs TCPC's -6.7% — a key indicator of consistent wealth creation.
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -18.4% | -0.5% |
| 1-Year ReturnPast 12 months | -20.2% | +19.7% |
| 3-Year ReturnCumulative with dividends | -18.8% | +76.6% |
| 5-Year ReturnCumulative with dividends | -25.4% | +35.2% |
| 10-Year ReturnCumulative with dividends | +21.6% | +246.4% |
| CAGR (3Y)Annualised 3-year return | -6.7% | +20.9% |
BLK leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — TCPC and BLK each lead in 1 of 2 comparable metrics.
Risk & Volatility
TCPC is the less volatile stock with a 0.77 beta — it tends to amplify market swings less than BLK's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BLK currently trades 88.0% from its 52-week high vs TCPC's 54.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.77x | 1.28x |
| 52-Week HighHighest price in past year | $8.06 | $1219.94 |
| 52-Week LowLowest price in past year | $3.43 | $906.57 |
| % of 52W HighCurrent price vs 52-week peak | +54.1% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 62.5 | 55.3 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 798K |
Evenly matched — TCPC and BLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — TCPC and BLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TCPC as "Hold" and BLK as "Buy". Consensus price targets imply 83.5% upside for TCPC (target: $8) vs 22.2% for BLK (target: $1312). For income investors, TCPC offers the higher dividend yield at 25.68% vs BLK's 1.91%.
| Metric | TCPCBlackRock TCP Cap… | BLKBlackRock, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $8.00 | $1311.78 |
| # AnalystsCovering analysts | 13 | 33 |
| Dividend YieldAnnual dividend ÷ price | +25.7% | +1.9% |
| Dividend StreakConsecutive years of raises | 0 | 15 |
| Dividend / ShareAnnual DPS | $1.12 | $20.46 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | +1.2% |
Evenly matched — TCPC and BLK each lead in 1 of 2 comparable metrics.
Key Takeaway
BLK leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TCPC leads in 1 (Valuation Metrics). 2 tied.
Best OverallBlackRock, Inc. (BLK)Leads 3 of 6 categories
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TCPC vs BLK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TCPC or BLK a better buy right now?
For growth investors, BlackRock, Inc.
(BLK) is the stronger pick with 14. 3% revenue growth year-over-year, versus -467. 7% for BlackRock TCP Capital Corp. (TCPC). BlackRock, Inc. (BLK) offers the better valuation at 25. 6x trailing P/E (20. 2x forward), making it the more compelling value choice. Analysts rate BlackRock, Inc. (BLK) a "Buy" — based on 33 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 — TCPC or BLK?
On forward P/E, BlackRock TCP Capital Corp.
is actually cheaper at 5. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TCPC or BLK?
Over the past 5 years, BlackRock, Inc.
(BLK) delivered a total return of +35. 2%, compared to -25. 4% for BlackRock TCP Capital Corp. (TCPC). Over 10 years, the gap is even starker: BLK returned +246. 4% versus TCPC's +21. 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 — TCPC or BLK?
By beta (market sensitivity over 5 years), BlackRock TCP Capital Corp.
(TCPC) is the lower-risk stock at 0. 77β versus BlackRock, Inc. 's 1. 28β — meaning BLK is approximately 66% more volatile than TCPC relative to the S&P 500. On balance sheet safety, BlackRock, Inc. (BLK) carries a lower debt/equity ratio of 29% versus 173% for BlackRock TCP Capital Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — TCPC or BLK?
By revenue growth (latest reported year), BlackRock, Inc.
(BLK) is pulling ahead at 14. 3% versus -467. 7% for BlackRock TCP Capital Corp. (TCPC). On earnings-per-share growth, the picture is similar: BlackRock, Inc. grew EPS 15. 1% year-over-year, compared to -32. 9% for BlackRock TCP Capital 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 — TCPC or BLK?
BlackRock TCP Capital Corp.
(TCPC) is the more profitable company, earning 116. 5% net margin versus 31. 2% for BlackRock, Inc. — meaning it keeps 116. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BLK leads at 37. 1% versus 29. 9% for TCPC. At the gross margin level — before operating expenses — TCPC leads at 122. 1%, 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 TCPC or BLK more undervalued right now?
On forward earnings alone, BlackRock TCP Capital Corp.
(TCPC) trades at 5. 6x forward P/E versus 20. 2x for BlackRock, Inc. — 14. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TCPC: 83. 5% to $8. 00.
08Which pays a better dividend — TCPC or BLK?
All stocks in this comparison pay dividends.
BlackRock TCP Capital Corp. (TCPC) offers the highest yield at 25. 7%, versus 1. 9% for BlackRock, Inc. (BLK).
09Is TCPC or BLK better for a retirement portfolio?
For long-horizon retirement investors, BlackRock TCP Capital Corp.
(TCPC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 77), 25. 7% yield). Both have compounded well over 10 years (TCPC: +21. 6%, BLK: +246. 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.
10What are the main differences between TCPC and BLK?
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: TCPC is a small-cap income-oriented stock; BLK is a mid-cap quality compounder 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>
%
(TCPC: -467.7% · BLK: 14.3%)Net Margin>
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