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BlackRock TCP Capital Corp.

NASDAQ•TCPC
CEO: Mr. Philip M. Tseng
Sector: Financial Services
Industry: Asset Management
Listing Date: 2012-04-04
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, 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.
Contact Information
2951 28th Street, Suite 1000, Santa Monica, CA, 90405, United States
310-566-1000
www.tcpcapital.com
Market Cap
$307.81M
P/E (TTM)
-3.5
0
Dividend Yield
30.7%
52W High
$8.16
52W Low
$3.64
52W Range
0%
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

-$29.96M+0.00%
4-Quarter Trend

EPS

-$1.39+0.00%
4-Quarter Trend

FCF

$40.53M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Investment Income Strong NII $109.1M for 2025, reflecting decrease from 2024's $131.8M, offset by lower expenses and fee waivers.
Portfolio Fair Value $1.53B Total investments valued at $1.53B fair value across 141 portfolio companies at year-end December 31, 2025.
Strategic Merger Completed Completed acquisition of BCIC in March 2024, integrating assets and expanding deal flow platform access via BlackRock.

Risk Factors

Market Volatility Impacts Earnings Geopolitical events and macroeconomic shifts create market volatility negatively impacting business condition and earnings.
Credit Loss Risk Elevated Investments are highly speculative; portfolio companies may suffer economic slowdowns leading to increased non-performing assets.
Leverage Magnifies Potential Loss Use of borrowed funds exposes common stock to incremental risk of loss, magnifying potential gains or declines.

Outlook

Focus on Middle-Market Debt Primary strategy remains ongoing origination of leveraged loans to performing middle-market companies ($1M to $70M per company).
Need Capital for Growth Must distribute substantially all income to maintain RIC status, requiring continuous external capital to finance growth opportunities.
Advisor Fee Waivers Ended Advisor voluntarily waived one-third of management fee for first three quarters of 2025; no waiver expected for Q4 2025.

Peer Comparison

Revenue (TTM)

CNCK stock ticker logoCNCK
$3.18B
+28.4%
ALTI stock ticker logoALTI
$221.66M
-9.1%
CCAP stock ticker logoCCAP
$165.49M
+16.2%

Gross Margin (Latest Quarter)

TCPC stock ticker logoTCPC
425.9%
+6.1pp
CION stock ticker logoCION
209.8%
+53.0pp
GAIN stock ticker logoGAIN
82.4%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GAIN$559.50M4.324.7%46.2%
ALTI$528.31M-2.3-25.1%5.6%
CCAP$468.18M13.60.0%0.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 6, 2026
|
EPS:$0.20
|
Revenue:$40.10M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data