BlackRock TCP Capital Corp. (TCPC) 10-Year Financial Performance & Capital Metrics

TCPC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutBlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.Show more

Net Interest Income $185M +22.9%
Total Revenue $21M -90.1%
Net Income -$63M -264.1%
Return on Equity -8.57% -259.8%
Net Interest Margin 9.63% +8.6%
Efficiency Ratio 82.92% +217.3%
ROA -3.49% -254.9%
Equity / Assets 40.83% +0.9%
Book Value per Share 9.85 -17.2%
Tangible BV/Share 9.85 -17.2%
Debt/Equity 1.42 -0.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 9.6%
✓Well capitalized: 40.8% equity/assets
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗High cost structure: 82.9% efficiency ratio
✗Weak momentum: RS Rating 20 (bottom 20%)
✗Shares diluted 37.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-10.87%

5Y-36.12%

3Y-49.9%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM75.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM80%

ROCE

10Y Avg6.69%

5Y Avg5.37%

3Y Avg4.28%

Latest-3.49%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	126.51M	117.53M	134.29M	139.42M	136.42M	113.86M	114.1M	129.35M	150.68M	185.25M
NII Growth %	0.35%	-0.07%	0.14%	0.04%	-0.02%	-0.17%	0%	0.13%	0.16%	0.23%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	142.01M	138.64M	162.16M	175.03M	178.08M	150.35M	149.81M	164.87M	194.64M	251.41M
Interest Expense	15.5M	21.11M	27.87M	40.47M	41.66M	36.49M	35.71M	35.52M	43.95M	66.16M
Loan Loss Provision	-15.5M	0	0	-40.47M	-41.66M	-36.49M	-35.71M	-35.52M	-43.95M	351
Non-Interest Income+	4.86M	-9.22M	-30.54M	15.47M	17.09M	21.76M	15.29M	16.13M	14.69M	-230.65M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	146.87M	129.41M	131.62M	190.5M	195.17M	172.1M	165.11M	181M	209.33M	20.76M
Revenue Growth %	1.24%	-0.12%	0.02%	0.45%	0.02%	-0.12%	-0.04%	0.1%	0.16%	-0.9%
Non-Interest Expense	26.59M	12.37M	13.1M	56.55M	53.91M	47.64M	51.57M	53.21M	54.71M	17.22M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	120.28M	95.94M	90.65M	133.95M	141.26M	124.46M	113.53M	127.8M	154.61M	-62.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.37%	-0.2%	-0.06%	0.48%	0.05%	-0.12%	-0.09%	0.13%	0.21%	-1.4%
Pretax Income+	78.97M	95.94M	90.65M	45.57M	30.58M	71.37M	133.79M	-9.23M	38.72M	-62.61M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	876.71K	569.51K	36.38K	92.7K	0	0	0	0	247.31K	522.55K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	58.15M	95.37M	90.61M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	0.64%	-0.05%	-0.5%	-0.33%	1.33%	0.87%	-1.07%	5.17%	-2.64%
Net Income (Continuing)	78.1M	95.37M	90.61M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
EPS (Diluted)+	1.21	1.50	1.19	0.77	0.52	1.23	2.32	-0.16	0.67	-0.79
EPS Growth %	0.38%	0.24%	-0.21%	-0.35%	-0.32%	1.37%	0.89%	-1.07%	5.19%	-2.18%
EPS (Basic)	1.21	1.50	1.19	0.77	0.52	1.23	2.32	-0.16	0.67	-0.79
Diluted Shares Outstanding	48.86M	50.95M	57M	58.82M	58.77M	57.99M	57.77M	57.77M	57.77M	79.67M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	35.63M	53.58M	85.83M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M	91.59M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.18B	1.31B	3.03B	1.6B	0	0	0	0	1.55B	0
Investments Growth %	0.03%	0.11%	1.3%	-0.47%	-1%	-	-	-	-	-1%
Long-Term Investments	1.18B	1.31B	3.03B	1.6B	0	0	0	0	1.55B	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	5.39M	3.83M	-1.51B	4.84M	1.65B	1.63B	1.85B	1.61B	3.67M	1.8B
Total Current Assets	50.8M	68.8M	110.81M	57.41M	67.09M	37.44M	48.3M	106.16M	140.16M	122.04M
Total Non-Current Assets	1.19B	1.32B	1.52B	1.6B	1.65B	1.63B	1.85B	1.61B	1.56B	1.8B
Total Assets+	1.24B	1.39B	1.63B	1.66B	1.72B	1.67B	1.89B	1.72B	1.7B	1.92B
Asset Growth %	0.03%	0.12%	0.17%	0.02%	0.04%	-0.03%	0.13%	-0.09%	-0.01%	0.13%
Return on Assets (ROA)	0.05%	0.07%	0.06%	0.03%	0.02%	0.04%	0.08%	-0.01%	0.02%	-0.03%
Accounts Payable	9.34M	17.36M	24.25M	9.66M	23.89M	43.16M	39.86M	14.09M	960K	8.41M
Total Debt+	502.41M	571.66M	725.2M	805.2M	907.8M	850.02M	1.01B	944.01M	985.2M	1.12B
Net Debt	466.78M	518.08M	639.37M	777.28M	862.95M	830.01M	992.91M	861.57M	872.96M	1.03B
Long-Term Debt	502.41M	571.66M	725.2M	805.2M	907.8M	850.02M	1.01B	944.01M	985.2M	1.12B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-502.41M	5.04M	7.39M	12.31M	14.05M	13.82M	12.45M	14.5M	0	11.16M
Total Current Liabilities	9.34M	19.96M	26.11M	11.54M	23.89M	43.16M	39.86M	14.09M	25.97M	8.41M
Total Non-Current Liabilities	502.41M	576.7M	732.59M	817.52M	921.86M	863.84M	1.02B	958.51M	985.2M	1.13B
Total Liabilities	521.34M	596.66M	758.69M	829.06M	945.75M	907M	1.06B	972.6M	1.01B	1.14B
Total Equity+	721.98M	790.94M	870.73M	830.47M	776.32M	764.99M	829.46M	746.75M	687.6M	785.12M
Equity Growth %	-0.01%	0.1%	0.1%	-0.05%	-0.07%	-0.01%	0.08%	-0.1%	-0.08%	0.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.13%	0.11%	0.05%	0.04%	0.09%	0.17%	-0.01%	0.05%	-0.09%
Book Value per Share	14.78	15.52	15.28	14.12	13.21	13.19	14.36	12.93	11.90	9.85
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	48.83K	53.04K	58.85K	58.77K	58.77K	57.77K	57.77K	57.77K	57.77K	85.08K
Additional Paid-in Capital	878.38M	944.43M	1.04B	1B	997.38M	979.97M	966.41M	967.89M	967.64M	1.73B
Retained Earnings	22.26M	12.53M	-168.19M	-169.66M	-221.12M	-215.04M	-137.01M	-221.19M	-280.1M	-946.02M
Accumulated OCI	-156.46M	-153.54M	-139.39M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.99M	-46.08M	-128.22M	-46.37M	4.69M	122.33M	-82.61M	203.95M	89.48M	293.12M
Operating CF Growth %	1.11%	-2.12%	-1.78%	0.64%	1.1%	25.06%	-1.68%	3.47%	-0.56%	2.28%
Net Income	59.07M	76.32M	67.93M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
Depreciation & Amortization	4.33M	-30.06M	-12.95M	9M	-25.2M	-6.14M	-6.14M	70.17M	0	0
Deferred Taxes	0	0	0	-68.07M	26.28M	5.87M	0	0	0	0
Other Non-Cash Items	-40.5M	-95.14M	-184.4M	-19.11M	-47.23M	27.11M	-194.27M	164.59M	54.93M	362.8M
Working Capital Changes	18.09M	2.8M	1.2M	-13.53M	21.34M	23.84M	-15.99M	-21.59M	-3.92M	-6.54M
Cash from Investing+	-38.06M	-107.38M	-198.39M	-107.09M	-89.86M	31.88M	31.88M	151.05M	2.97M	0
Purchase of Investments	-494.12M	-580.84M	-854.06M	-619.89M	-686.24M	-448.84M	-448.84M	-330.41M	-215.7M	-325.79M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	-191.29M
Cash from Financing+	-32.63M	64.03M	161.26M	-12.33M	12.23M	-147.17M	82.15M	-141.07M	-62.65M	-313.77M
Dividends Paid	-71.63M	-73.98M	-82.61M	-84.69M	-84.62M	-76.61M	-69.32M	-70.48M	-100.52M	-122.54M
Share Repurchases	-1.8M	-1.88M	0	-1.05M	-125.68K	-6.1M	-6.1M	0	0	-4.53M
Stock Issued	3.95M	34.97M	94.47M	10.69K	11.45K	6.25K	6.1M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K
Other Financing	128.19M	-5.28M	91M	-3.59M	-5.18M	-4.12M	-4.41M	0	0	-8.44M
Net Change in Cash+	8.36M	17.95M	33.05M	-58.7M	16.93M	-24.84M	-454.31K	62.88M	29.81M	-20.65M
Exchange Rate Effect	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	0	0
Cash at Beginning	27.27M	35.63M	53.58M	86.63M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M
Cash at End	35.63M	53.58M	86.63M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M	91.59M
Interest Paid	13.69M	18.4M	24.07M	33.45M	0	0	0	0	0	0
Income Taxes Paid	877.88K	877.88K	528.6K	86.11K	0	0	0	0	0	0
Free Cash Flow+	40.99M	-46.08M	-128.22M	-46.37M	4.69M	122.33M	-82.61M	203.95M	89.48M	293.12M
FCF Growth %	1.11%	-2.12%	-1.78%	0.64%	1.1%	25.06%	-1.68%	3.47%	-0.56%	2.28%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8%	12.61%	10.91%	5.35%	3.81%	9.26%	16.78%	-1.17%	5.36%	-8.57%
Return on Assets (ROA)	4.75%	7.25%	6.01%	2.77%	1.81%	4.21%	7.5%	-0.51%	2.25%	-3.49%
Net Interest Margin	10.18%	8.47%	8.24%	8.4%	7.92%	6.81%	6.02%	7.52%	8.87%	9.63%
Efficiency Ratio	18.11%	9.56%	9.95%	29.69%	27.62%	27.68%	31.24%	29.39%	26.14%	82.92%
Equity / Assets	58.07%	57%	53.44%	50.04%	45.08%	45.75%	43.79%	43.43%	40.48%	40.83%
Book Value / Share	14.78	15.52	15.28	14.12	13.21	13.19	14.36	12.93	11.9	9.85
NII Growth	34.71%	-7.1%	14.26%	3.82%	-2.15%	-16.54%	0.21%	13.37%	16.49%	22.94%
Dividend Payout	121.03%	77.57%	91.17%	186.24%	276.72%	107.34%	51.81%	-	-	-

Frequently Asked Questions

Growth & Financials

BlackRock TCP Capital Corp. (TCPC) saw revenue decline by 90.1% over the past year.

BlackRock TCP Capital Corp. (TCPC) reported a net loss of $9.2M for fiscal year 2024.

Dividend & Returns

Yes, BlackRock TCP Capital Corp. (TCPC) pays a dividend with a yield of 26.29%. This makes it attractive for income-focused investors.

BlackRock TCP Capital Corp. (TCPC) has a return on equity (ROE) of -8.6%. Negative ROE indicates the company is unprofitable.

Industry Metrics

BlackRock TCP Capital Corp. (TCPC) has a net interest margin (NIM) of 9.6%. This indicates healthy earnings from lending activities.

BlackRock TCP Capital Corp. (TCPC) has an efficiency ratio of 82.9%. This is higher than peers, suggesting room for cost optimization.

US Stock Screener

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BlackRock TCP Capital Corp. (TCPC) 10-Year Financial Performance & Capital Metrics

TCPC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

Net Interest Income $185M +22.9%
Total Revenue $21M -90.1%
Net Income -$63M -264.1%
Return on Equity -8.57% -259.8%
Net Interest Margin 9.63% +8.6%
Efficiency Ratio 82.92% +217.3%
ROA -3.49% -254.9%
Equity / Assets 40.83% +0.9%
Book Value per Share 9.85 -17.2%
Tangible BV/Share 9.85 -17.2%
Debt/Equity 1.42 -0.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 9.6%
✓Well capitalized: 40.8% equity/assets
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗High cost structure: 82.9% efficiency ratio
✗Weak momentum: RS Rating 20 (bottom 20%)
✗Shares diluted 37.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-10.87%

5Y-36.12%

3Y-49.9%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM75.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM80%

ROCE

10Y Avg6.69%

5Y Avg5.37%

3Y Avg4.28%

Latest-3.49%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	126.51M	117.53M	134.29M	139.42M	136.42M	113.86M	114.1M	129.35M	150.68M	185.25M
NII Growth %	0.35%	-0.07%	0.14%	0.04%	-0.02%	-0.17%	0%	0.13%	0.16%	0.23%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	142.01M	138.64M	162.16M	175.03M	178.08M	150.35M	149.81M	164.87M	194.64M	251.41M
Interest Expense	15.5M	21.11M	27.87M	40.47M	41.66M	36.49M	35.71M	35.52M	43.95M	66.16M
Loan Loss Provision	-15.5M	0	0	-40.47M	-41.66M	-36.49M	-35.71M	-35.52M	-43.95M	351
Non-Interest Income+	4.86M	-9.22M	-30.54M	15.47M	17.09M	21.76M	15.29M	16.13M	14.69M	-230.65M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	146.87M	129.41M	131.62M	190.5M	195.17M	172.1M	165.11M	181M	209.33M	20.76M
Revenue Growth %	1.24%	-0.12%	0.02%	0.45%	0.02%	-0.12%	-0.04%	0.1%	0.16%	-0.9%
Non-Interest Expense	26.59M	12.37M	13.1M	56.55M	53.91M	47.64M	51.57M	53.21M	54.71M	17.22M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	120.28M	95.94M	90.65M	133.95M	141.26M	124.46M	113.53M	127.8M	154.61M	-62.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.37%	-0.2%	-0.06%	0.48%	0.05%	-0.12%	-0.09%	0.13%	0.21%	-1.4%
Pretax Income+	78.97M	95.94M	90.65M	45.57M	30.58M	71.37M	133.79M	-9.23M	38.72M	-62.61M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	876.71K	569.51K	36.38K	92.7K	0	0	0	0	247.31K	522.55K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	58.15M	95.37M	90.61M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	0.64%	-0.05%	-0.5%	-0.33%	1.33%	0.87%	-1.07%	5.17%	-2.64%
Net Income (Continuing)	78.1M	95.37M	90.61M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
EPS (Diluted)+	1.21	1.50	1.19	0.77	0.52	1.23	2.32	-0.16	0.67	-0.79
EPS Growth %	0.38%	0.24%	-0.21%	-0.35%	-0.32%	1.37%	0.89%	-1.07%	5.19%	-2.18%
EPS (Basic)	1.21	1.50	1.19	0.77	0.52	1.23	2.32	-0.16	0.67	-0.79
Diluted Shares Outstanding	48.86M	50.95M	57M	58.82M	58.77M	57.99M	57.77M	57.77M	57.77M	79.67M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	35.63M	53.58M	85.83M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M	91.59M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.18B	1.31B	3.03B	1.6B	0	0	0	0	1.55B	0
Investments Growth %	0.03%	0.11%	1.3%	-0.47%	-1%	-	-	-	-	-1%
Long-Term Investments	1.18B	1.31B	3.03B	1.6B	0	0	0	0	1.55B	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	5.39M	3.83M	-1.51B	4.84M	1.65B	1.63B	1.85B	1.61B	3.67M	1.8B
Total Current Assets	50.8M	68.8M	110.81M	57.41M	67.09M	37.44M	48.3M	106.16M	140.16M	122.04M
Total Non-Current Assets	1.19B	1.32B	1.52B	1.6B	1.65B	1.63B	1.85B	1.61B	1.56B	1.8B
Total Assets+	1.24B	1.39B	1.63B	1.66B	1.72B	1.67B	1.89B	1.72B	1.7B	1.92B
Asset Growth %	0.03%	0.12%	0.17%	0.02%	0.04%	-0.03%	0.13%	-0.09%	-0.01%	0.13%
Return on Assets (ROA)	0.05%	0.07%	0.06%	0.03%	0.02%	0.04%	0.08%	-0.01%	0.02%	-0.03%
Accounts Payable	9.34M	17.36M	24.25M	9.66M	23.89M	43.16M	39.86M	14.09M	960K	8.41M
Total Debt+	502.41M	571.66M	725.2M	805.2M	907.8M	850.02M	1.01B	944.01M	985.2M	1.12B
Net Debt	466.78M	518.08M	639.37M	777.28M	862.95M	830.01M	992.91M	861.57M	872.96M	1.03B
Long-Term Debt	502.41M	571.66M	725.2M	805.2M	907.8M	850.02M	1.01B	944.01M	985.2M	1.12B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-502.41M	5.04M	7.39M	12.31M	14.05M	13.82M	12.45M	14.5M	0	11.16M
Total Current Liabilities	9.34M	19.96M	26.11M	11.54M	23.89M	43.16M	39.86M	14.09M	25.97M	8.41M
Total Non-Current Liabilities	502.41M	576.7M	732.59M	817.52M	921.86M	863.84M	1.02B	958.51M	985.2M	1.13B
Total Liabilities	521.34M	596.66M	758.69M	829.06M	945.75M	907M	1.06B	972.6M	1.01B	1.14B
Total Equity+	721.98M	790.94M	870.73M	830.47M	776.32M	764.99M	829.46M	746.75M	687.6M	785.12M
Equity Growth %	-0.01%	0.1%	0.1%	-0.05%	-0.07%	-0.01%	0.08%	-0.1%	-0.08%	0.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.13%	0.11%	0.05%	0.04%	0.09%	0.17%	-0.01%	0.05%	-0.09%
Book Value per Share	14.78	15.52	15.28	14.12	13.21	13.19	14.36	12.93	11.90	9.85
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	48.83K	53.04K	58.85K	58.77K	58.77K	57.77K	57.77K	57.77K	57.77K	85.08K
Additional Paid-in Capital	878.38M	944.43M	1.04B	1B	997.38M	979.97M	966.41M	967.89M	967.64M	1.73B
Retained Earnings	22.26M	12.53M	-168.19M	-169.66M	-221.12M	-215.04M	-137.01M	-221.19M	-280.1M	-946.02M
Accumulated OCI	-156.46M	-153.54M	-139.39M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.99M	-46.08M	-128.22M	-46.37M	4.69M	122.33M	-82.61M	203.95M	89.48M	293.12M
Operating CF Growth %	1.11%	-2.12%	-1.78%	0.64%	1.1%	25.06%	-1.68%	3.47%	-0.56%	2.28%
Net Income	59.07M	76.32M	67.93M	45.48M	30.58M	71.37M	133.79M	-9.23M	38.47M	-63.14M
Depreciation & Amortization	4.33M	-30.06M	-12.95M	9M	-25.2M	-6.14M	-6.14M	70.17M	0	0
Deferred Taxes	0	0	0	-68.07M	26.28M	5.87M	0	0	0	0
Other Non-Cash Items	-40.5M	-95.14M	-184.4M	-19.11M	-47.23M	27.11M	-194.27M	164.59M	54.93M	362.8M
Working Capital Changes	18.09M	2.8M	1.2M	-13.53M	21.34M	23.84M	-15.99M	-21.59M	-3.92M	-6.54M
Cash from Investing+	-38.06M	-107.38M	-198.39M	-107.09M	-89.86M	31.88M	31.88M	151.05M	2.97M	0
Purchase of Investments	-494.12M	-580.84M	-854.06M	-619.89M	-686.24M	-448.84M	-448.84M	-330.41M	-215.7M	-325.79M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	-191.29M
Cash from Financing+	-32.63M	64.03M	161.26M	-12.33M	12.23M	-147.17M	82.15M	-141.07M	-62.65M	-313.77M
Dividends Paid	-71.63M	-73.98M	-82.61M	-84.69M	-84.62M	-76.61M	-69.32M	-70.48M	-100.52M	-122.54M
Share Repurchases	-1.8M	-1.88M	0	-1.05M	-125.68K	-6.1M	-6.1M	0	0	-4.53M
Stock Issued	3.95M	34.97M	94.47M	10.69K	11.45K	6.25K	6.1M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K
Other Financing	128.19M	-5.28M	91M	-3.59M	-5.18M	-4.12M	-4.41M	0	0	-8.44M
Net Change in Cash+	8.36M	17.95M	33.05M	-58.7M	16.93M	-24.84M	-454.31K	62.88M	29.81M	-20.65M
Exchange Rate Effect	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	0	0
Cash at Beginning	27.27M	35.63M	53.58M	86.63M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M
Cash at End	35.63M	53.58M	86.63M	27.92M	44.85M	20.01M	19.55M	82.44M	112.24M	91.59M
Interest Paid	13.69M	18.4M	24.07M	33.45M	0	0	0	0	0	0
Income Taxes Paid	877.88K	877.88K	528.6K	86.11K	0	0	0	0	0	0
Free Cash Flow+	40.99M	-46.08M	-128.22M	-46.37M	4.69M	122.33M	-82.61M	203.95M	89.48M	293.12M
FCF Growth %	1.11%	-2.12%	-1.78%	0.64%	1.1%	25.06%	-1.68%	3.47%	-0.56%	2.28%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8%	12.61%	10.91%	5.35%	3.81%	9.26%	16.78%	-1.17%	5.36%	-8.57%
Return on Assets (ROA)	4.75%	7.25%	6.01%	2.77%	1.81%	4.21%	7.5%	-0.51%	2.25%	-3.49%
Net Interest Margin	10.18%	8.47%	8.24%	8.4%	7.92%	6.81%	6.02%	7.52%	8.87%	9.63%
Efficiency Ratio	18.11%	9.56%	9.95%	29.69%	27.62%	27.68%	31.24%	29.39%	26.14%	82.92%
Equity / Assets	58.07%	57%	53.44%	50.04%	45.08%	45.75%	43.79%	43.43%	40.48%	40.83%
Book Value / Share	14.78	15.52	15.28	14.12	13.21	13.19	14.36	12.93	11.9	9.85
NII Growth	34.71%	-7.1%	14.26%	3.82%	-2.15%	-16.54%	0.21%	13.37%	16.49%	22.94%
Dividend Payout	121.03%	77.57%	91.17%	186.24%	276.72%	107.34%	51.81%	-	-	-

Frequently Asked Questions

Growth & Financials

BlackRock TCP Capital Corp. (TCPC) saw revenue decline by 90.1% over the past year.

BlackRock TCP Capital Corp. (TCPC) reported a net loss of $9.2M for fiscal year 2024.

Dividend & Returns

Yes, BlackRock TCP Capital Corp. (TCPC) pays a dividend with a yield of 26.29%. This makes it attractive for income-focused investors.

BlackRock TCP Capital Corp. (TCPC) has a return on equity (ROE) of -8.6%. Negative ROE indicates the company is unprofitable.

Industry Metrics

BlackRock TCP Capital Corp. (TCPC) has a net interest margin (NIM) of 9.6%. This indicates healthy earnings from lending activities.

BlackRock TCP Capital Corp. (TCPC) has an efficiency ratio of 82.9%. This is higher than peers, suggesting room for cost optimization.