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BlackRock TCP Capital Corp.

TCPC

$4.28 ▼ -0.09 (-2.06%) at close

8 Visible periods

19 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

BlackRock TCP Capital Corp. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $363.8M

Dividend Yield 26.17%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $1.82 ↘

Trailing P/E —

Price / Book 0.6x

FCF Yield 42.6%

Debt / Equity 1.73

info Valuation on last close. End-of-day price, Nov 5, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-88.93M

↓ -40.9% —

FCF / Share Free cash flow per share

$1.82

↓ -50.5% —

Long-Term Debt Long-term obligations

$1.04B

↓ -7.4% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.12 Latest / share

-23.3% YoY

-3.5% 8-yr CAGR

$1.44

FY 2018

$1.44

FY 2019

$1.32

FY 2020

$1.20

FY 2021

$1.27

FY 2022

$1.69

FY 2023

$1.46

FY 2024

$1.12

FY 2025

Financial view

Statement lens

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
EPS Growth YoY (%)	-32.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	88.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-40.9% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	87.4% Excellent Excellent Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	-50.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	129.9% Excellent Excellent Year-over-year change in free cash flow	-54.7% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—	—	—
EPS CAGR 3Y (%)	—	—	-18.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
FCF / Net Income (x)	-1.74x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.64x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.40x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-22.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.62x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.71x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Common Equity (%) (%)	-14.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-8.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	5.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	-1.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	16.1% Good Good Profit generated per dollar of shareholder equity Optimal: > 15%	9.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15%	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	1.73x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.42x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.43x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.26x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.22x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—
Net Debt (USD)	$974.47M	$1.03B	$985.20M	$861.57M	$992.91M	—	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Basic EPS, GAAP (USD)	$-1.05	$-0.79	$0.67	$-0.16	$2.32	$1.23	—	—
Free Cash Flow per Share (USD)	$1.82	$3.68	$1.60	$3.53	$-1.43	$2.11	—	—
Dividend per Share (USD)	$1.12	$1.46	$1.69	$1.27	$1.20	$1.32	$1.44	$1.44
Book Value per Share (USD)	$7.07	$9.23	$11.90	$12.93	$14.36	$13.19	$13.21	$14.12
Tangible Book Value per Share (USD)	$7.07	$9.23	$11.90	$12.93	$14.36	$13.19	$13.21	$14.12
Basic Weighted Avg Shares (shares)	84.99M	79.67M	57.77M	57.77M	57.77M	57.99M	58.77M	58.82M
Dividend Payout Ratio (%)	-106.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-184.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	252.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-793.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	51.7% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	107.3% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
LT Debt (USD)	$1.04B	$1.12B	$985.20M	$944.01M	$1.01B	—	—	—
Total Equity (USD)	$598.01M	$785.12M	$687.60M	$746.75M	$829.46M	$764.99M	$776.32M	$830.47M

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Net Income, GAAP (USD)	$-88.93M	$-63.14M	$38.47M	$-9.23M	$133.79M	$71.37M	—	—
Operating Cash Flow (USD)	$154.92M	$293.12M	$92.45M	$203.95M	$-82.61M	$122.33M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 8 years · 25 quarters

BlackRock TCP Capital Corp.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

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