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TCPCBlackRock TCP Capital Corp.
$3.41$286M
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TCPC logoBlackRock TCP Capital Corp.(TCPC)Earnings, Financials & Key Ratios

TCPC•NASDAQ•Banking & Credit
Price updated Jun 19, 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%

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 0.5x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak momentum: RS Rating 14 (bottom 14%)
  • ✗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.

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TCPC Price & Volume

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

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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-166.66%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-169.09%

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%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.21+5.0%
$0.20
Rev
$43M+6.2%
$40M
Q1 2026
Feb 27, 2026
Metric
Actual
Est
EPS
$0.26-0.9%
$0.26
Rev
$44M-6.5%
$47M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.32-3.0%
$0.33
Rev
$42M-10.5%
$47M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.32-5.9%
$0.34
Rev
$3M-95.4%
$54M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.21vs $0.20+5.0%
$43Mvs $40M+6.2%
Q1 2026Feb 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%
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor12.95B18.039.6932.87%43.69%8.11%1.12
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.22B12.358.7042.5%26.91%5.24%1.23
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor202.99M5.004.1036.55%-19.55%-3.39%1.33
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor760.99M10.9510.8417.9%23.81%4.42%1.31
SLRC logoSLRCSLR Investment Corp.Direct Competitor677.57M12.427.3124.76%39.78%7.31%1.15
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor742.15M7.4810.392.2%34.83%5.84%1.65
FSK logoFSKFS KKR Capital Corp.Product Competitor2.88B10.27261.325.5%-91.82%-9.39%1.31
OBDC logoOBDCBlue Owl Capital CorporationProduct Competitor5.4B10.878.7752.55%27.51%4.83%1.26

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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
134.29M139.42M136.42M113.86M114.1M129.35M150.68M185.25M135.7M120.42M
NII Growth %
14.26%3.82%-2.15%-16.54%0.21%13.37%16.49%22.94%-26.75%-132.82%
Net Interest Margin %
8.24%8.4%7.92%6.81%6.02%7.52%8.87%9.63%8.22%7.98%
Interest Income
162.16M175.03M178.08M150.35M149.81M164.87M194.64M251.41M201.79M185.48M
Interest Expense
27.87M40.47M41.66M36.49M35.71M35.52M43.95M66.16M66.09M65.05M
Loan Loss Provision
0-40.47M-41.66M-36.49M-35.71M-35.52M-43.95M351-49.25M-21.9M
Non-Interest Income
-30.54M15.47M17.09M21.76M15.29M16.13M14.69M-230.65M-278.13M-161.03M
Non-Interest Income %
-23.21%8.12%8.76%12.64%9.26%8.91%7.02%-1110.74%364.3%-658.59%
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%
24.45M▲ 0%
Revenue Growth %
1.7%44.74%2.45%-11.82%-4.07%9.63%15.65%-90.08%-467.67%-50.21%
Non-Interest Expense
13.1M56.55M53.91M47.64M51.57M53.21M54.71M17.22M-70.35M75.58M
Efficiency Ratio
9.95%29.69%27.62%27.68%31.24%29.39%26.14%82.92%92.15%309.14%
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%
-94.29M▲ 0%
Operating Margin %
68.87%70.31%72.38%72.32%68.76%70.61%73.86%-301.54%29.92%-385.66%
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%
-126.13M▲ 0%
Pretax Margin %
68.87%23.92%15.67%41.47%81.03%-5.1%18.5%-301.54%116.48%-515.86%
Income Tax
36.38K92.7K0000247.31K522.55K00
Effective Tax Rate %
0.04%0.2%0%0%0%0%0.64%-0.83%0%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%
-126.13M▲ 0%
Net Margin %
68.84%23.87%15.67%41.47%81.03%-5.1%18.38%-304.06%116.48%-515.86%
Net Income Growth %
-4.99%-49.81%-32.75%133.4%87.45%-106.9%517.05%-264.1%-40.85%-166.66%
Net Income (Continuing)
90.61M45.48M30.58M71.37M133.79M-9.23M38.47M-63.14M-88.93M-126.13M
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%
-1.50▲ 0%
EPS Growth %
-20.67%-35.29%-32.47%136.54%88.62%-106.9%518.75%-217.91%-32.91%-169.09%
EPS (Basic)
1.190.770.521.232.32-0.160.67-0.79-1.05-
Diluted Shares Outstanding
57M58.82M58.77M57.99M57.77M57.77M57.77M79.67M84.99M84.33M

TCPC Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
85.83M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M322.65M
Cash & Due from Banks
85.83M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M93.26M
Short Term Investments
0000000000
Total Investments
3.03B1.6B00001.55B01.53B1.39B
Investments Growth %
130.35%-47.27%-100%-----100%-0%
Long-Term Investments
3.03B1.6B00001.55B01.53B2.92B
Accounts Receivables
19.37M21.7M19.22M15.85M26.09M20.9M25.65M28.09M21.5M21.13M
Goodwill & Intangibles
0000000000
Goodwill
0000000000
Intangible Assets
0000000000
PP&E (Net)
0000000000
Other Assets
-1.51B4.84M1.65B1.63B1.85B1.61B3.67M1.8B34.49M5.25M
Total Current Assets
110.81M57.41M67.09M37.44M48.3M106.16M140.16M122.04M82.57M115.63M
Total Non-Current Assets
1.52B1.6B1.65B1.63B1.85B1.61B1.56B1.8B1.57B1.39B
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%
1.51B▲ 0%
Asset Growth %
17.43%1.85%3.77%-2.91%13.29%-9.23%-1.2%13.2%-14.18%-58.95%
Return on Assets (ROA)
6.01%2.77%1.81%4.21%7.5%-0.51%2.25%-3.49%-4.98%-7.3%
Accounts Payable
24.25M9.66M23.89M43.16M39.86M14.09M960K8.41M00
Total Debt
725.2M805.2M907.8M850.02M1.01B944.01M985.2M1.12B1.04B925.84M
Net Debt
639.37M777.28M862.95M830.01M992.91M861.57M872.96M1.03B974.47M832.58M
Long-Term Debt
725.2M805.2M907.8M850.02M1.01B944.01M985.2M1.12B710.51M907.64M
Short-Term Debt
00000000325.03M18.2M
Other Liabilities
7.39M12.31M14.05M13.82M12.45M14.5M011.16M16.8M18.6M
Total Current Liabilities
26.11M11.54M23.89M43.16M39.86M14.09M25.97M8.41M325.03M18.2M
Total Non-Current Liabilities
732.59M817.52M921.86M863.84M1.02B958.51M985.2M1.13B727.31M926.24M
Total Liabilities
758.69M829.06M945.75M907M1.06B972.6M1.01B1.14B1.05B944.44M
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%
565.11M▲ 0%
Equity Growth %
10.09%-4.62%-6.52%-1.46%8.43%-9.97%-7.92%14.18%-23.83%-81.21%
Equity / Assets (Capital Ratio)
53.44%50.04%45.08%45.75%43.79%43.43%40.48%40.83%36.24%37.44%
Return on Equity (ROE)
10.91%5.35%3.81%9.26%16.78%-1.17%5.36%-8.57%-12.86%-19.08%
Book Value per Share
15.2814.1213.2113.1914.3612.9311.909.857.046.70
Tangible BV per Share
15.2814.1213.2113.1914.3612.9311.909.857.046.70
Common Stock
58.85K58.77K58.77K57.77K57.77K57.77K57.77K85.08K84.56K84.06K
Additional Paid-in Capital
1.04B1B997.38M979.97M966.41M967.89M967.64M1.73B1.73B1.73B
Retained Earnings
-168.19M-169.66M-221.12M-215.04M-137.01M-221.19M-280.1M-946.02M-1.13B-1.16B
Accumulated OCI
-139.39M000000000
Treasury Stock
0000000000
Preferred Stock
0000000000

TCPC Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-128.22M-46.37M4.69M122.33M-82.61M203.95M89.48M293.12M154.92M144.69M
Operating CF Growth %
-178.23%63.83%110.12%2506.36%-167.53%346.88%-56.12%227.57%-47.15%-209.28%
Net Income
67.93M45.48M30.58M71.37M133.79M-9.23M38.47M-63.14M-88.93M-126.13M
Depreciation & Amortization
-12.95M9M-25.2M-6.14M-6.14M70.17M0000
Deferred Taxes
0-68.07M26.28M5.87M000000
Other Non-Cash Items
-184.4M-19.11M-47.23M27.11M-194.27M164.59M54.93M362.8M269.94M271.32M
Working Capital Changes
1.2M-13.53M21.34M23.84M-15.99M-21.59M-3.92M-6.54M-26.09M-506.21K
Cash from Investing
-198.39M-107.09M-89.86M31.88M31.88M151.05M2.97M00116.85M
Purchase of Investments
-854.06M-619.89M-686.24M-448.84M-448.84M-330.41M-215.7M-325.79M0-18.6M
Sale/Maturity of Investments
655.67M512.8M596.37M480.72M480.72M481.46M218.67M517.09M0135.46M
Net Investment Activity
-198.39M-107.09M-89.86M31.88M31.88M151.05M2.97M191.29M0116.85M
Acquisitions
0000000000
Other Investing
0000000-191.29M00
Cash from Financing
161.26M-12.33M12.23M-147.17M82.15M-141.07M-62.65M-313.77M-185.43M-267.4M
Dividends Paid
-82.61M-84.69M-84.62M-76.61M-69.32M-70.48M-100.52M-122.54M-95.17M-84.81M
Share Repurchases
0-1.05M-125.68K-6.1M-6.1M00-4.53M-3.01M-5.27M
Stock Issued
94.47M10.69K11.45K6.25K6.1M00000
Net Stock Activity
94.47M-1.04M-114.23K-6.09M000-4.53M-3.01M-5.27M
Debt Issuance (Net)
1000K1000K1000K-1000K1000K-1000K1000K-1000K-1000K-2M
Other Financing
91M-3.59M-5.18M-4.12M-4.41M00-8.44M-1.38M-1.38M
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%
-5.86M▲ 0%
Exchange Rate Effect
198.39M107.09M89.86M-31.88M-31.88M-151.05M0000
Cash at Beginning
53.58M86.63M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M
Cash at End
86.63M27.92M44.85M20.01M19.55M82.44M112.24M91.59M61.08M93.26M
Interest Paid
24.07M33.45M00000000
Income Taxes Paid
528.6K86.11K00000000
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%
144.69M▲ 0%
FCF Growth %
-178.23%63.83%110.12%2506.36%-167.53%346.88%-56.12%227.57%-47.15%-53.66%

TCPC Banking Ratios

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

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
10.91%5.35%3.81%9.26%16.78%-1.17%5.36%-8.57%-12.86%-19.08%
Return on Assets (ROA)
6.01%2.77%1.81%4.21%7.5%-0.51%2.25%-3.49%-4.98%-7.3%
Net Interest Margin
8.24%8.4%7.92%6.81%6.02%7.52%8.87%9.63%8.22%7.98%
Efficiency Ratio
9.95%29.69%27.62%27.68%31.24%29.39%26.14%82.92%92.15%309.14%
Equity / Assets
53.44%50.04%45.08%45.75%43.79%43.43%40.48%40.83%36.24%37.44%
Book Value / Share
15.2814.1213.2113.1914.3612.9311.99.857.046.7
NII Growth
14.26%3.82%-2.15%-16.54%0.21%13.37%16.49%22.94%-26.75%-33.83%
Dividend Payout
91.17%186.24%276.72%107.34%51.81%-----55.89%
Related:TCPC Dividend History·TCPC Revenue History·TCPC Price History·TCPC P/E History·TCPC Financial Ratios·TCPC Institutional Holders

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

May 7, 2026·SEC

Material company update

Feb 27, 2026·SEC

Material company update

Jan 23, 2026·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 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 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 $126.1M for fiscal year 2025.

Dividend & Returns

Yes, BlackRock TCP Capital Corp. (TCPC) pays a dividend with a yield of 32.84%. 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.

What if you invested $1,000 in TCPC back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

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How much would $100/month in TCPC be worth today?

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