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TCPC logoBlackRock TCP Capital Corp.(TCPC)Earnings, Financials & Key Ratios

TCPC•NASDAQ•Banking & Credit
$4.36
$367M mkt cap·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC 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$136M-26.8%
  • Total Revenue-$76M-467.7%
  • Net Income-$89M-40.9%
  • Return on Equity-12.86%-50.0%
  • Net Interest Margin8.22%-14.6%
  • Efficiency Ratio92.15%+11.1%
  • ROA-4.98%-42.8%
  • Equity / Assets36.24%-11.2%
  • Book Value per Share7.04-28.6%
  • Tangible BV/Share7.04-28.6%
  • Debt/Equity1.73+21.6%
Technical→

TCPC Key Insights

BlackRock TCP Capital Corp. (TCPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong NIM of 8.2%
  • ✓Well capitalized: 36.2% equity/assets
  • ✓Trading at only 0.6x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TCPC Price & Volume

BlackRock TCP Capital Corp. (TCPC) stock price & volume — 10-year historical chart

Loading chart...

TCPC Growth Metrics

BlackRock TCP Capital Corp. (TCPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-40.85%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-44.44%

Return on Capital

10 Years5.56%
5 Years3.59%
3 Years1.42%
Last Year-1.41%

TCPC Recent Earnings

BlackRock TCP Capital Corp. (TCPC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q1 2026Latest
Feb 27, 2026
EPS
$0.26
Est $0.26
-0.9%
Revenue
$44M
Est $47M
-6.5%
Q4 2025
Nov 6, 2025
EPS
$0.32
Est $0.33
-3.0%
Revenue
$42M
Est $47M
-10.5%
Q3 2025
Aug 7, 2025
EPS
$0.32
Est $0.34
-5.9%
Revenue
$3M
Est $54M
-95.4%
Q2 2025
May 8, 2025
EPS
$0.36
Est $0.34
+5.9%
Revenue
$39M
Est $57M
-31.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 27, 2026
$0.26vs $0.26-0.9%
$44Mvs $47M-6.5%
Q4 2025Nov 6, 2025
$0.32vs $0.33-3.0%
$42Mvs $47M-10.5%
Q3 2025Aug 7, 2025
$0.32vs $0.34-5.9%
$3Mvs $54M-95.4%
Q2 2025May 8, 2025
$0.36vs $0.34+5.9%
$39Mvs $57M-31.1%
Based on last 12 quarters of dataView full earnings history →

TCPC Peer Comparison

BlackRock TCP Capital Corp. (TCPC) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor13.76B19.1610.3032.87%41.3%8.11%8.3%1.12
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.5B13.319.3742.5%43.19%6.42%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%50.62%14.02%1.33
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor866.09M11.887.52-2.92%53.04%6.2%12.04%1.07
SLRC logoSLRCSLR Investment Corp.Direct Competitor761.04M13.958.2124.76%42.04%7.31%1.15
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor913.8M9.2112.792.2%38.69%3.23%10.4%1.65
FSK logoFSKFS KKR Capital Corp.Product Competitor3.2B11.42290.595.5%0.94%0.19%18.51%1.31
OBDC logoOBDCBlue Owl Capital CorporationProduct Competitor6.01B11.769.4850.73%48.24%8.71%28.98%

Compare TCPC vs Peers

BlackRock TCP Capital Corp. (TCPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for TCPC.

Scale Benchmark

vs BLK

Larger-name benchmark to compare TCPC against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, GBDC, TPVG, CGBD

TCPC Income Statement

BlackRock TCP Capital Corp. (TCPC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income134.29M139.42M136.42M113.86M114.1M129.35M150.68M185.25M135.7M
NII Growth %14.26%3.82%-2.15%-16.54%0.21%13.37%16.49%22.94%-26.75%
Net Interest Margin %8.24%8.4%7.92%6.81%6.02%7.52%8.87%9.63%8.22%
Interest Income162.16M175.03M178.08M150.35M149.81M164.87M194.64M251.41M201.79M
Interest Expense27.87M40.47M41.66M36.49M35.71M35.52M43.95M66.16M66.09M
Loan Loss Provision0-40.47M-41.66M-36.49M-35.71M-35.52M-43.95M351-49.25M
Non-Interest Income-30.54M15.47M17.09M21.76M15.29M16.13M14.69M-230.65M-278.13M
Non-Interest Income %-23.21%8.12%8.76%12.64%9.26%8.91%7.02%-1110.74%364.3%
Total Revenue
131.62M▲ 0%
190.5M▲ 44.7%
195.17M▲ 2.4%
172.1M▼ 11.8%
165.11M▼ 4.1%
181M▲ 9.6%
209.33M▲ 15.6%
20.76M▼ 90.1%
-76.35M▼ 467.7%
Revenue Growth %1.7%44.74%2.45%-11.82%-4.07%9.63%15.65%-90.08%-467.67%
Non-Interest Expense13.1M56.55M53.91M47.64M51.57M53.21M54.71M17.22M-70.35M
Efficiency Ratio9.95%29.69%27.62%27.68%31.24%29.39%26.14%82.92%92.15%
Operating Income
90.65M▲ 0%
133.95M▲ 47.8%
141.26M▲ 5.5%
124.46M▼ 11.9%
113.53M▼ 8.8%
127.8M▲ 12.6%
154.61M▲ 21.0%
-62.61M▼ 140.5%
-22.84M▲ 63.5%
Operating Margin %68.87%70.31%72.38%72.32%68.76%70.61%73.86%-301.54%29.92%
Operating Income Growth %-5.51%47.77%5.46%-11.89%-8.78%12.56%20.98%-140.5%63.52%
Pretax Income
90.65M▲ 0%
45.57M▼ 49.7%
30.58M▼ 32.9%
71.37M▲ 133.4%
133.79M▲ 87.4%
-9.23M▼ 106.9%
38.72M▲ 519.7%
-62.61M▼ 261.7%
-88.93M▼ 42.0%
Pretax Margin %68.87%23.92%15.67%41.47%81.03%-5.1%18.5%-301.54%116.48%
Income Tax36.38K92.7K0000247.31K522.55K0
Effective Tax Rate %0.04%0.2%0%0%0%0%0.64%-0.83%0%
Net Income
90.61M▲ 0%
45.48M▼ 49.8%
30.58M▼ 32.8%
71.37M▲ 133.4%
133.79M▲ 87.4%
-9.23M▼ 106.9%
38.47M▲ 517.1%
-63.14M▼ 264.1%
-88.93M▼ 40.9%
Net Margin %68.84%23.87%15.67%41.47%81.03%-5.1%18.38%-304.06%116.48%
Net Income Growth %-4.99%-49.81%-32.75%133.4%87.45%-106.9%517.05%-264.1%-40.85%
Net Income (Continuing)90.61M45.48M30.58M71.37M133.79M-9.23M38.47M-63.14M-88.93M
EPS (Diluted)
1.19▲ 0%
0.77▼ 35.3%
0.52▼ 32.5%
1.23▲ 136.5%
2.32▲ 88.6%
-0.16▼ 106.9%
0.67▲ 518.8%
-0.79▼ 217.9%
-1.05▼ 32.9%
EPS Growth %-20.67%-35.29%-32.47%136.54%88.62%-106.9%518.75%-217.91%-32.91%
EPS (Basic)1.190.770.521.232.32-0.160.67-0.79-1.05
Diluted Shares Outstanding57M58.82M58.77M57.99M57.77M57.77M57.77M79.67M84.99M

TCPC Balance Sheet

BlackRock TCP Capital Corp. (TCPC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments85.83M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M
Cash & Due from Banks85.83M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M
Short Term Investments000000000
Total Investments3.03B1.6B00001.55B01.53B
Investments Growth %130.35%-47.27%-100%-----100%-
Long-Term Investments3.03B1.6B00001.55B01.53B
Accounts Receivables19.37M21.7M19.22M15.85M26.09M20.9M25.65M28.09M21.5M
Goodwill & Intangibles000000000
Goodwill000000000
Intangible Assets000000000
PP&E (Net)000000000
Other Assets-1.51B4.84M1.65B1.63B1.85B1.61B3.67M1.8B34.49M
Total Current Assets110.81M57.41M67.09M37.44M48.3M106.16M140.16M122.04M82.57M
Total Non-Current Assets1.52B1.6B1.65B1.63B1.85B1.61B1.56B1.8B1.57B
Total Assets
1.63B▲ 0%
1.66B▲ 1.8%
1.72B▲ 3.8%
1.67B▼ 2.9%
1.89B▲ 13.3%
1.72B▼ 9.2%
1.7B▼ 1.2%
1.92B▲ 13.2%
1.65B▼ 14.2%
Asset Growth %17.43%1.85%3.77%-2.91%13.29%-9.23%-1.2%13.2%-14.18%
Return on Assets (ROA)6.01%2.77%1.81%4.21%7.5%-0.51%2.25%-3.49%-4.98%
Accounts Payable24.25M9.66M23.89M43.16M39.86M14.09M960K8.41M0
Total Debt725.2M805.2M907.8M850.02M1.01B944.01M985.2M1.12B1.04B
Net Debt639.37M777.28M862.95M830.01M992.91M861.57M872.96M1.03B974.47M
Long-Term Debt725.2M805.2M907.8M850.02M1.01B944.01M985.2M1.12B710.51M
Short-Term Debt00000000325.03M
Other Liabilities7.39M12.31M14.05M13.82M12.45M14.5M011.16M16.8M
Total Current Liabilities26.11M11.54M23.89M43.16M39.86M14.09M25.97M8.41M325.03M
Total Non-Current Liabilities732.59M817.52M921.86M863.84M1.02B958.51M985.2M1.13B727.31M
Total Liabilities758.69M829.06M945.75M907M1.06B972.6M1.01B1.14B1.05B
Total Equity
870.73M▲ 0%
830.47M▼ 4.6%
776.32M▼ 6.5%
764.99M▼ 1.5%
829.46M▲ 8.4%
746.75M▼ 10.0%
687.6M▼ 7.9%
785.12M▲ 14.2%
598.01M▼ 23.8%
Equity Growth %10.09%-4.62%-6.52%-1.46%8.43%-9.97%-7.92%14.18%-23.83%
Equity / Assets (Capital Ratio)53.44%50.04%45.08%45.75%43.79%43.43%40.48%40.83%36.24%
Return on Equity (ROE)10.91%5.35%3.81%9.26%16.78%-1.17%5.36%-8.57%-12.86%
Book Value per Share15.2814.1213.2113.1914.3612.9311.909.857.04
Tangible BV per Share15.2814.1213.2113.1914.3612.9311.909.857.04
Common Stock58.85K58.77K58.77K57.77K57.77K57.77K57.77K85.08K84.56K
Additional Paid-in Capital1.04B1B997.38M979.97M966.41M967.89M967.64M1.73B1.73B
Retained Earnings-168.19M-169.66M-221.12M-215.04M-137.01M-221.19M-280.1M-946.02M-1.13B
Accumulated OCI-139.39M00000000
Treasury Stock000000000
Preferred Stock000000000

TCPC Cash Flow Statement

BlackRock TCP Capital Corp. (TCPC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-128.22M-46.37M4.69M122.33M-82.61M203.95M89.48M293.12M53.52M
Operating CF Growth %-178.23%63.83%110.12%2506.36%-167.53%346.88%-56.12%227.57%-81.74%
Net Income67.93M45.48M30.58M71.37M133.79M-9.23M38.47M-63.14M278.13M
Depreciation & Amortization-12.95M9M-25.2M-6.14M-6.14M70.17M00-93.15M
Deferred Taxes0-68.07M26.28M5.87M00000
Other Non-Cash Items-184.4M-19.11M-47.23M27.11M-194.27M164.59M54.93M362.8M-105.37M
Working Capital Changes1.2M-13.53M21.34M23.84M-15.99M-21.59M-3.92M-6.54M-26.09M
Cash from Investing-198.39M-107.09M-89.86M31.88M31.88M151.05M2.97M0101.4M
Purchase of Investments-854.06M-619.89M-686.24M-448.84M-448.84M-330.41M-215.7M-325.79M-251.31M
Sale/Maturity of Investments655.67M512.8M596.37M480.72M480.72M481.46M218.67M517.09M352.7M
Net Investment Activity-198.39M-107.09M-89.86M31.88M31.88M151.05M2.97M191.29M101.4M
Acquisitions000000000
Other Investing0000000-191.29M0
Cash from Financing161.26M-12.33M12.23M-147.17M82.15M-141.07M-62.65M-313.77M-185.43M
Dividends Paid-82.61M-84.69M-84.62M-76.61M-69.32M-70.48M-100.52M-122.54M-95.17M
Share Repurchases0-1.05M-125.68K-6.1M-6.1M00-4.53M-3.01M
Stock Issued94.47M10.69K11.45K6.25K6.1M0000
Net Stock Activity94.47M-1.04M-114.23K-6.09M000-4.53M-3.01M
Debt Issuance (Net)1000K1000K1000K-1000K1000K-1000K1000K-1000K-1000K
Other Financing91M-3.59M-5.18M-4.12M-4.41M00-8.44M0
Net Change in Cash
33.05M▲ 0%
-58.7M▼ 277.6%
16.93M▲ 128.8%
-24.84M▼ 246.7%
-454.31K▲ 98.2%
62.88M▲ 13941.5%
29.81M▼ 52.6%
-20.65M▼ 169.3%
-30.51M▼ 47.8%
Exchange Rate Effect198.39M107.09M89.86M-31.88M-31.88M-151.05M000
Cash at Beginning53.58M86.63M27.92M44.85M20.01M19.55M82.44M112.24M91.59M
Cash at End86.63M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M
Interest Paid24.07M33.45M0000000
Income Taxes Paid528.6K86.11K0000000
Free Cash Flow
-128.22M▲ 0%
-46.37M▲ 63.8%
4.69M▲ 110.1%
122.33M▲ 2506.4%
-82.61M▼ 167.5%
203.95M▲ 346.9%
89.48M▼ 56.1%
293.12M▲ 227.6%
154.92M▼ 47.1%
FCF Growth %-178.23%63.83%110.12%2506.36%-167.53%346.88%-56.12%227.57%-47.15%

TCPC Banking Ratios

BlackRock TCP Capital Corp. (TCPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)12.61%10.91%5.35%3.81%9.26%16.78%-1.17%5.36%-8.57%-12.86%
Return on Assets (ROA)7.25%6.01%2.77%1.81%4.21%7.5%-0.51%2.25%-3.49%-4.98%
Net Interest Margin8.47%8.24%8.4%7.92%6.81%6.02%7.52%8.87%9.63%8.22%
Efficiency Ratio9.56%9.95%29.69%27.62%27.68%31.24%29.39%26.14%82.92%92.15%
Equity / Assets57%53.44%50.04%45.08%45.75%43.79%43.43%40.48%40.83%36.24%
Book Value / Share15.5215.2814.1213.2113.1914.3612.9311.99.857.04
NII Growth-7.1%14.26%3.82%-2.15%-16.54%0.21%13.37%16.49%22.94%-26.75%
Dividend Payout77.57%91.17%186.24%276.72%107.34%51.81%----

TCPC SEC Filings & Documents

BlackRock TCP Capital Corp. (TCPC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 27, 2026·SEC

Material company update

Jan 23, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

TCPC Frequently Asked Questions

BlackRock TCP Capital Corp. (TCPC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

BlackRock TCP Capital Corp. (TCPC) saw revenue decline by 467.7% over the past year.

BlackRock TCP Capital Corp. (TCPC) reported a net loss of $88.9M for fiscal year 2025.

Dividend & Returns

Yes, BlackRock TCP Capital Corp. (TCPC) pays a dividend with a yield of 25.68%. This makes it attractive for income-focused investors.

BlackRock TCP Capital Corp. (TCPC) has a return on equity (ROE) of -12.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

BlackRock TCP Capital Corp. (TCPC) has a net interest margin (NIM) of 8.2%. This indicates healthy earnings from lending activities.

BlackRock TCP Capital Corp. (TCPC) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.

Explore More TCPC

BlackRock TCP Capital Corp. (TCPC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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