Horizon Technology Finance Corporation (HRZN) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
- Horizon Technology Finance Corporation HRZN 4.29 −6.54%
- BLACKROCK TCP CAPITAL CORP. TCPC 4.16 −1.42%
Horizon Technology Finance Corporation and BLACKROCK TCP CAPITAL CORP. are both Asset Management companies. BLACKROCK TCP CAPITAL CORP. is the larger, with a market value of $354.1M against $307.7M — 1.2× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Horizon Technology Finance Corporation trades at 10.7×. Horizon Technology Finance Corporation grew revenue faster over the last twelve months: −1.07% against −26.1%. Horizon Technology Finance Corporation has the higher net margin (5.27% vs −61.3%) and the higher return on invested capital (16.6% vs 4.15%). Both pay a dividend; BLACKROCK TCP CAPITAL CORP. yields more (18.3% vs 17.3%). Across the 18 metrics below, Horizon Technology Finance Corporation leads on 11 and BLACKROCK TCP CAPITAL CORP. on 7.
Valuation
Profitability
| Metric | HRZN | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 94.88% | 84.51% | 33.42% |
| Net margin | 5.27% | (61.27%) | 13.37% |
| Free cash flow margin | 105.73% | 225.77% | 12.36% |
| Return on equity | 1.45% | (16.78%) | 4.79% |
| Return on assets | 0.65% | (6.36%) | 1.55% |
| Return on invested capital | 16.64% | 4.15% | 2.97% |
Growth
Health
Dividend
Size
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