Gladstone Capital Corporation (GLAD) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
Gladstone Capital Corporation and BLACKROCK TCP CAPITAL CORP. are both Asset Management companies. Gladstone Capital Corporation is the larger, with a market value of $434.2M against $335.6M — 1.3× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Gladstone Capital Corporation trades at 9.0×. Gladstone Capital Corporation grew revenue faster over the last twelve months: 11.3% against −26.1%. Gladstone Capital Corporation has the higher net margin (48.7% vs −61.3%) and the higher return on invested capital (5.89% vs 4.15%). Both pay a dividend; BLACKROCK TCP CAPITAL CORP. yields more (11.9% vs 9.75%). Across the 19 metrics below, BLACKROCK TCP CAPITAL CORP. leads on 10 and Gladstone Capital Corporation on 9.
Valuation
Profitability
| Metric | GLAD | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 70.28% | 84.51% | 33.03% |
| Net margin | 48.67% | (61.27%) | 13.53% |
| Free cash flow margin | (152.38%) | 225.77% | 12.44% |
| Return on equity | 10.03% | (16.78%) | 4.83% |
| Return on assets | 5.50% | (6.36%) | 1.57% |
| Return on invested capital | 5.89% | 4.15% | 3.04% |
Growth
Health
Dividend
Size
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