Horizon Technology Finance Corporation (HRZN) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
Horizon Technology Finance Corporation and BLACKROCK TCP CAPITAL CORP. are both Asset Management companies. Horizon Technology Finance Corporation and BLACKROCK TCP CAPITAL CORP. are of similar size ($335.6M and $309.0M). BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Horizon Technology Finance Corporation trades at 11.6×. 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 (11.9% vs 10.1%). Across the 20 metrics below, Horizon Technology Finance Corporation leads on 13 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% | 33.03% |
| Net margin | 5.27% | (61.27%) | 13.53% |
| Free cash flow margin | 105.73% | 225.77% | 12.44% |
| Return on equity | 1.45% | (16.78%) | 4.83% |
| Return on assets | 0.65% | (6.36%) | 1.57% |
| Return on invested capital | 16.64% | 4.15% | 3.04% |
Growth
Health
Dividend
Size
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