BLACKROCK TCP CAPITAL CORP. TCPC

4.01 0.01 0.25% as of 25 Sep
Market cap
$335.6M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.39%

Capital & Financial Ratios

Market Cap 335.61
Revenue 177.04
Net Income (108.47)
Free Cash Flow 399.70
Net Debt 753.04
Current Ratio 29.31
Debt/Equity 1.65
P/E ratio 0.00
P/S ratio 1.90
P/B ratio 0.61
Past 5Y EPS Growth 4.76%
This Y EPS Growth (49.61%)
Next Y EPS Growth (36.82%)
Next 5Y EPS Growth (22.97%)
in millions of $

Dividends

Payout Ratio 4.27
Annual Dividend Rate 1.36
Annual Dividend Yield 11.88%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.67
0.17
0.17
0.17
2025 1.00
0.25
0.25
0.25
0.25
2024 1.36
0.34
0.34
0.34
0.34
2023 1.00
0.32
0.34
0.10
0.34
2022 1.22
0.30
0.30
0.30
0.32
0.05
2021 1.20
0.30
0.30
0.30
0.30
2020 1.32
0.36
0.36
0.30
0.30
2019 1.44
0.36
0.36
0.36
0.36
2018 1.44
0.36
0.36
0.36
0.36
2017 1.44
0.36
0.36
0.36
0.36
2016 1.44
0.36
0.36
0.36
0.36
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 112 92 61 158
Receivables — 5 26 —
Inventory — — — —
Other — — — —
112 97 87 158
2023 2024 2025 Q'26
Payables 2 1 1 0
ST’ Debt — — — —
Other — — — —
5 5 6 5
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 3.23% 3.23% 3.69%
Cash Flow 14.22% 4.84% (8.76%)
Earnings 0.00% 0.00% 0.00%
Book Value (1.87%) (4.81%) (7.14%)

Revenue

Mar Jun Sep Dec Year
’26 43 40 — — —
’25 56 51 51 44 202
’24 56 72 71 61 259
’23 50 54 54 51 209
’22 42 44 48 47 181
’21 41 42 43 40 165
’20 41 45 43 43 172
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 159 96 — — —
’25 53 (42) 104 41 155
’24 33 86 102 72 293
’23 (40) 46 47 40 92
’22 27 10 132 35 204
’21 (120) 15 56 (33) (83)
’20 (66) 74 30 85 122
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 159 96 — — —
’25 53 (42) 104 41 155
’24 33 86 102 72 293
’23 (40) 46 47 40 92
’22 27 10 132 35 204
’21 (120) 15 56 (33) (83)
’20 (66) 74 30 85 122
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.19) 0.02 — — —
’25 0.25 (0.19) 0.29 (1.40) (1.05)
’24 0.08 (0.60) 0.25 (0.48) (0.79)
’23 0.39 0.28 0.22 (0.23) 0.67
’22 0.22 0.00 0.45 (0.83) (0.16)
’21 0.61 0.95 0.19 0.56 2.32
’20 (1.18) 0.80 0.81 0.83 1.23
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3.5
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
12.00 15.24 12.52 13.01 4.02 11.07 10.65 9.60 7.71 5.29

Analyst estimates 2026–2028

Powerpack
Low Price
17.25 17.47 15.55 14.88 14.76 15.07 14.52 13.47 11.99 9.48
High Price
— — — — — — — 19,800 21,100 24,900
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
148 176 190 195 172 165 181 209 259 202
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
96 113 93 95 83 73 88 107 132 110
EBT
64.67% 64.46% 49.07% 48.60% 48.36% 43.94% 48.86% 51.02% 50.99% 54.42%
EBT Margin
76 68 45 31 71 134 (9) 38 (63) (89)
Net Income
(27) (8) 14 (20) (1) (68) 73 34 111 (88)
Depreciation
2.91 3.09 3.24 3.32 2.97 2.86 3.13 3.62 3.26 2.37
Revenue/Sh
1.50 1.19 0.77 0.52 1.23 2.32 (0.16) 0.67 (0.79) (1.05)
Earnings/Sh
(0.90) (2.25) (0.79) 0.08 2.11 (1.43) 3.53 1.60 3.68 1.82
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
(0.90) (2.25) (0.79) 0.08 2.11 (1.43) 3.53 1.60 3.68 1.82
Free CF/Sh
15.52 15.28 14.12 13.21 13.19 14.36 12.93 11.90 9.85 7.04
Book Value/Sh
51 57 59 59 58 58 58 58 80 85
Shares
11.24 12.80 16.94 27.02 8.92 5.85 0.00 17.58 0.00 0.00
PE Ratio
5.80 4.98 4.03 4.23 3.79 4.73 4.16 3.20 2.67 2.30
PS Ratio
1.09 1.01 0.92 1.06 0.85 0.94 1.01 0.97 0.88 0.78
PB Ratio
9.29 8.60 8.11 8.65 8.61 10.74 8.92 7.37 6.64 7.13
EV/Sales
(29.88) (11.81) (33.30) 359.79 12.11 (21.47) 7.92 16.69 5.87 9.29
EV/FCF
(46) (128) (46) 5 122 (83) 204 92 293 155
Op' Cash Flow
— — — — — — — — — —
Capex
(46) (128) (46) 5 122 (83) 204 92 293 155
FCF
38 68 24 29 (16) (6) 77 108 92 81
Working Cap'
572 725 805 908 850 1,012 944 985 1,119 1,036
Total Debt
518 639 777 863 830 993 862 873 1,027 974
Net Debt
791 871 830 776 765 829 747 688 785 598
Sh' Equity
5.81% 4.50% 2.77% 1.81% 4.21% 7.50% (0.51%) 2.25% (3.49%) (4.98%)
ROA
4.58% 4.70% 3.63% 3.62% 3.26% 3.10% 3.44% 4.28% 4.56% 4.36%
ROIC
10.09% 8.18% 5.35% 3.81% 9.26% 16.78% (1.17%) 5.36% (8.57%) (12.86%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

BLACKROCK TCP CAPITAL CORP. (TCPC) key facts

  • BLACKROCK TCP CAPITAL CORP. (TCPC) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • BLACKROCK TCP CAPITAL CORP.’s revenue for fiscal 2025 (year ended December 2025) was $201.8 million, down 22.2% from fiscal 2024.
  • As of September 25, 2026, TCPC traded at $4.01, a market capitalization of $335.6 million.
  • BLACKROCK TCP CAPITAL CORP. pays an annual dividend of $1.36 per share, a yield of 11.9%.
  • Return on equity was −12.9% and debt-to-equity 1.65.

Source: company filings (standardised) and stockrow calculations.

BLACKROCK TCP CAPITAL CORP. (TCPC) Latest News

News by impact score

Fine-tune

25 Aug

3

BlackRock initiates TCPC cleanup to sharpen private credit strategy through asset adjustments and operational streamlining. TCPC cleanup represents strategic adjustment with moderate effects on operations and market positioning.

24 Aug

4

BlackRock places $671 million of TCP Capital loans for sale. Sale of $671 million loans signals major strategic portfolio adjustment for TCPC.

10 Aug

3

BlackRock sells $523 million in loans to salvage a distressed private credit fund tied to TCPC. Loan offload signals distress in TCPC credit operations likely to sway market perception and performance.

7 Aug

3

Blackrock Tcp Capital Corp. (TCPC) released Q2 earnings call highlights covering financial results, portfolio performance, and management commentary on operations and outlook. Q2 earnings details can moderately affect near-term stock sentiment and valuation through updated performance metrics.

3 transcript

BlackRock TCP Capital Corp. presented Q2 2026 earnings results and outlook during its earnings call. Q2 earnings results and outlook provide insight into TCPC financial performance and strategy.

6 Aug

4

BlackRock TCP Capital Corp executed a strategic portfolio sale in Q2 2026 as highlighted in its earnings call. Strategic portfolio sale represents major move that can significantly shift asset base and investor outlook.

4

BlackRock TCP Capital Corp. announced second quarter 2026 financial results and completed a $523 million portfolio sale. Large-scale portfolio sale plus earnings release indicates major strategic moves likely to shift company trajectory and investor views.

30 Jul

3

BlackRock TCP Capital Corp (TCPC) Q2 earnings are expected to decline. TCPC Q2 earnings decline forecast points to possible negative pressure on financial results and stock sentiment.

13 Jul

3

BlackRock TCP Capital Corp. (TCPC) receives a Buy rating upgrade. Buy rating upgrade may lift short-term investor sentiment and share price.

5 Jul

4

BlackRock Private Credit Fund CEO departs amid valuation probe and mounting losses at BLACKROCK TCP CAPITAL CORP. (TCPC). CEO exit during valuation probe and rising losses signals major leadership and operational risks for TCPC.

1 Jul

4

BlackRock’s Tseng exits as CEO of troubled private credit fund TCPC. CEO departure from troubled TCPC fund signals instability that will likely shift market sentiment and alter company trajectory.

9 May

3

BlackRock TCP Capital Corp. (TCPC) Q1 earnings call highlights financial performance, portfolio updates, dividend declarations, and management outlook. Q1 earnings call highlights provide moderately noticeable insights into financial health and strategy without transformative shifts.

7 May

3

BlackRock TCP Capital Corp. (TCPC) released Q1 2026 earnings call summary covering financial results, portfolio updates, dividend declarations, and outlook amid market conditions. Quarterly earnings summaries impact financial performance and investor sentiment but are routine disclosures balanced by ongoing operations.

3

BlackRock TCP Capital Corp. (TCPC) announced first quarter 2026 financial results with net investment income of $0.22 per share and declared a second quarter dividend of $0.17 per share. Quarterly net investment income of $0.22 per share exceeds the $0.17 dividend, providing moderate positive influence on financial performance and investor sentiment.

6 Mar

4

BlackRock TCP Capital Corp. (TCPC) wrote down a $25 million loan to zero, highlighting mounting risks and concerns in the private credit sector. A $25M loan write-down to zero impairs TCPC's portfolio value and amplifies private credit risk perceptions, significantly impacting financial performance and market sentiment.

28 Feb

4

BlackRock TCP Capital Corp. (TCPC) released Q4 2025 earnings call summary detailing financial performance, portfolio updates, and outlook. Q4 earnings call summary discloses financial results and guidance that significantly influence TCPC's stock price and investor sentiment.

27 Feb

4

BlackRock TCP Capital Corp. (TCPC) Q4 earnings call highlights key financial results, portfolio updates, dividend declarations, and management's outlook on market conditions and investment strategy. Q4 earnings call highlights disclose critical financial metrics, NAV changes, and strategic guidance directly influencing TCPC's valuation and investor confidence.

4

BlackRock TCP Capital Corp (TCPC) Q4 2025 earnings call highlights focus on navigating challenges while maintaining strategic positioning. Q4 2025 earnings highlights addressing challenges signal major shifts in financial performance and investor outlook.

4 transcript

BlackRock TCP Capital Corp. (TCPC) earnings call transcript covers financial results, portfolio updates, dividend declarations, and management's outlook on market conditions and investment strategy. Earnings call transcripts disclose quarterly results, guidance, and strategic insights that drive significant stock volatility and investor decisions.

4

BlackRock TCP Capital Corp. (TCPC) reported Q4 earnings with net investment income of $0.34 per share, beating estimates of $0.32; total investment income rose 8% to $85.7 million, but net realized and unrealized losses widened to $28.2 million. Q4 earnings beat on NII but widened losses signal significant short-term volatility in stock performance and investor sentiment.

3

BlackRock TCP Capital Corp. (TCPC) reported Q4 earnings of $0.36 per share, missing estimates of $0.38, and revenue of $46.5 million versus expected $48.2 million. Q4 earnings and revenue misses highlight weaker financial results, moderately affecting investor sentiment and near-term stock performance.

3

BlackRock TCP Capital Corp. (TCPC) announced 2025 financial results, including fourth quarter net investment income of $0.26 per share, and declared a first quarter dividend of $0.17 per share. Quarterly net investment income and dividend announcement affects key financial metrics and market sentiment moderately.

2 Feb

3

BlackRock is undergoing a valuation check following a loan write-down and shifts in Bitcoin ETF flows. The company's recent financial maneuvers and market dynamics are under scrutiny as they may influence investor sentiment and future performance. The loan write-down and Bitcoin ETF developments may moderately influence BlackRock's financial performance and market positioning.

31 Jan

4

BlackRock TCP Capital Corp. faces valuation and dividend risks following a write-down in its private credit portfolio. This development raises concerns about the company's financial health and future performance, prompting investors to reassess their positions. The write-down could lead to increased scrutiny of the company's dividend sustainability and overall market perception. The write-down is likely to significantly impact investor sentiment and the company's financial trajectory.

29 Jan

4

BlackRock TCP Capital Corp. reported a significant loss, raising concerns about the risks associated with private credit investments. This development has reignited fears among investors regarding the transparency and stability of private credit markets, which have been growing rapidly. Analysts are now questioning the underlying assets and potential hidden risks within these investments, leading to increased scrutiny of BlackRock's strategies and the broader implications for the private credit sector. The reported loss and subsequent investor concerns could significantly impact BlackRock's strategies and market perception.

26 Jan

4

BlackRock TCP Capital Corp. (TCPC) has experienced a significant decline in its private credit fund, raising concerns among investors about its future performance. The downturn is attributed to various market pressures and a challenging economic environment, which have led to increased scrutiny of the fund's management and investment strategies. Analysts are closely monitoring the situation as it unfolds, with implications for TCPC's overall market position and investor sentiment. The decline in the private credit fund is likely to significantly impact investor sentiment and the company's future performance.

4

BlackRock TCP Capital Corp. (TCPC) shares fell 14% following the fund's announcement of disappointing news regarding its financial performance. The company highlighted challenges in its portfolio and potential impacts on future earnings, raising concerns among investors about its stability and growth prospects. The announcement of disappointing financial performance and challenges in the portfolio is likely to significantly impact investor sentiment and the company's future trajectory.

8 Jan

4

Investors may be undervaluing BlackRock TCP Capital Corp. (TCPC) as the company shows strong fundamentals and potential for growth. Analysts suggest that the current stock price does not reflect its financial health and future earnings potential. The market's perception may be influenced by broader economic conditions, but TCPC's performance metrics indicate a favorable investment opportunity. Strong fundamentals and growth potential suggest significant impact on future performance and investor sentiment.

6 Nov

3 transcript

BlackRock TCP Capital Corp (TCPC) reported its Q3 2025 earnings, highlighting a focus on portfolio diversification and strategic investments. The company emphasized its commitment to enhancing shareholder value through prudent management and targeted growth initiatives. Key metrics showed stable performance, with management addressing market conditions and future outlook. The earnings call provided insights into the company's operational strategies and financial health, reinforcing its position in the market. Moderate influence on financial performance and competitive positioning is expected due to strategic initiatives discussed.

3

BlackRock TCP Capital Corp. (TCPC) reported its Q3 earnings, which fell short of analysts' expectations for both earnings and revenue. The company's performance reflects ongoing challenges in the market, impacting investor sentiment and raising concerns about future growth prospects. Earnings and revenue misses can moderately influence investor confidence and financial performance.

stockrow.com/TCPC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com