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
Market Cap
$307.81M
P/E (TTM)
-3.5
0
Dividend Yield
30.7%
52W High
$8.16
52W Low
$3.64
52W Range
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)
$3.18B
$221.66M
$165.49M
Gross Margin (Latest Quarter)
425.9%
209.8%
82.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| GAIN | $559.50M | 4.3 | 24.7% | 46.2% |
| ALTI | $528.31M | -2.3 | -25.1% | 5.6% |
| CCAP | $468.18M | 13.6 | 0.0% | 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