BLACKROCK TCP CAPITAL CORP. TCPC
- Market cap
- $335.6M
- P/E
- 0.0×
Follow TCPC
Target Price Range
Analyst price targets
Free account| 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
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| 17.25 | 17.47 | 15.55 | 14.88 | 14.76 | 15.07 | 14.52 | 13.47 | 11.99 | 9.48 |
High Price
|
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| — | — | — | — | — | — | — | 19,800 | 21,100 | 24,900 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
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| 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
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| 96 | 113 | 93 | 95 | 83 | 73 | 88 | 107 | 132 | 110 |
EBT
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| 64.67% | 64.46% | 49.07% | 48.60% | 48.36% | 43.94% | 48.86% | 51.02% | 50.99% | 54.42% |
EBT Margin
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| 76 | 68 | 45 | 31 | 71 | 134 | (9) | 38 | (63) | (89) |
Net Income
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| (27) | (8) | 14 | (20) | (1) | (68) | 73 | 34 | 111 | (88) |
Depreciation
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| 2.91 | 3.09 | 3.24 | 3.32 | 2.97 | 2.86 | 3.13 | 3.62 | 3.26 | 2.37 |
Revenue/Sh
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| 1.50 | 1.19 | 0.77 | 0.52 | 1.23 | 2.32 | (0.16) | 0.67 | (0.79) | (1.05) |
Earnings/Sh
|
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| (0.90) | (2.25) | (0.79) | 0.08 | 2.11 | (1.43) | 3.53 | 1.60 | 3.68 | 1.82 |
Cash Flow/Sh
|
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex/Sh
|
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| (0.90) | (2.25) | (0.79) | 0.08 | 2.11 | (1.43) | 3.53 | 1.60 | 3.68 | 1.82 |
Free CF/Sh
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| 15.52 | 15.28 | 14.12 | 13.21 | 13.19 | 14.36 | 12.93 | 11.90 | 9.85 | 7.04 |
Book Value/Sh
|
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| 51 | 57 | 59 | 59 | 58 | 58 | 58 | 58 | 80 | 85 |
Shares
|
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| 11.24 | 12.80 | 16.94 | 27.02 | 8.92 | 5.85 | 0.00 | 17.58 | 0.00 | 0.00 |
PE Ratio
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| 5.80 | 4.98 | 4.03 | 4.23 | 3.79 | 4.73 | 4.16 | 3.20 | 2.67 | 2.30 |
PS Ratio
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| 1.09 | 1.01 | 0.92 | 1.06 | 0.85 | 0.94 | 1.01 | 0.97 | 0.88 | 0.78 |
PB Ratio
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| 9.29 | 8.60 | 8.11 | 8.65 | 8.61 | 10.74 | 8.92 | 7.37 | 6.64 | 7.13 |
EV/Sales
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| (29.88) | (11.81) | (33.30) | 359.79 | 12.11 | (21.47) | 7.92 | 16.69 | 5.87 | 9.29 |
EV/FCF
|
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| (46) | (128) | (46) | 5 | 122 | (83) | 204 | 92 | 293 | 155 |
Op' Cash Flow
|
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| — | — | — | — | — | — | — | — | — | — | Capex | |||
| (46) | (128) | (46) | 5 | 122 | (83) | 204 | 92 | 293 | 155 |
FCF
|
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| 38 | 68 | 24 | 29 | (16) | (6) | 77 | 108 | 92 | 81 |
Working Cap'
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| 572 | 725 | 805 | 908 | 850 | 1,012 | 944 | 985 | 1,119 | 1,036 |
Total Debt
|
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| 518 | 639 | 777 | 863 | 830 | 993 | 862 | 873 | 1,027 | 974 |
Net Debt
|
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| 791 | 871 | 830 | 776 | 765 | 829 | 747 | 688 | 785 | 598 |
Sh' Equity
|
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| 5.81% | 4.50% | 2.77% | 1.81% | 4.21% | 7.50% | (0.51%) | 2.25% | (3.49%) | (4.98%) |
ROA
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| 4.58% | 4.70% | 3.63% | 3.62% | 3.26% | 3.10% | 3.44% | 4.28% | 4.56% | 4.36% |
ROIC
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| 10.09% | 8.18% | 5.35% | 3.81% | 9.26% | 16.78% | (1.17%) | 5.36% | (8.57%) | (12.86%) |
ROE
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BLACKROCK TCP CAPITAL CORP. peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CION CION Investment Corporation | $350.8M | 120× | Compare |
| CCAP Crescent Capital BDC, Inc. | $353.0M | 0.0× | Compare |
| PSBD Palmer Square Capital BDC Inc. | $315.1M | 0.0× | Compare |
| HRZN Horizon Technology Finance Corporation | $309.0M | 11.6× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| RWAY Runway Growth Finance Corp. | $282.1M | 61.6× | Compare |
| SAR Saratoga Investment Corp | $278.7M | 17.1× | Compare |
| GLAD Gladstone Capital Corporation | $434.2M | 9.0× | Compare |
| ALTI AlTi Global, Inc. | $477.2M | 0.0× | Compare |
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.
BLACKROCK TCP CAPITAL CORP. (TCPC) Latest News
25 Aug
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
BlackRock places $671 million of TCP Capital loans for sale. Sale of $671 million loans signals major strategic portfolio adjustment for TCPC.
10 Aug
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
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.
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
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.
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
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
BlackRock TCP Capital Corp. (TCPC) receives a Buy rating upgrade. Buy rating upgrade may lift short-term investor sentiment and share price.
5 Jul
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
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
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
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.
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
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
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
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.
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.
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.
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.
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.
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
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
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
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
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.
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
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
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.
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.