Runway Growth Finance Corp. (RWAY) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
Runway Growth Finance Corp. and BLACKROCK TCP CAPITAL CORP. are both Asset Management companies. BLACKROCK TCP CAPITAL CORP. is the larger, with a market value of $335.6M against $282.1M — 1.2× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Runway Growth Finance Corp. trades at 61.6×. Runway Growth Finance Corp. grew revenue faster over the last twelve months: −5.47% against −26.1%. Runway Growth Finance Corp. has the higher net margin (5.82% vs −61.3%) and the lower return on invested capital (2.96% vs 4.15%). Both pay a dividend; Runway Growth Finance Corp. yields more (13.4% vs 11.9%). Across the 20 metrics below, Runway Growth Finance Corp. leads on 10 and BLACKROCK TCP CAPITAL CORP. on 10.
Valuation
Profitability
| Metric | RWAY | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.26% | 84.51% | 33.03% |
| Net margin | 5.82% | (61.27%) | 13.53% |
| Free cash flow margin | (56.56%) | 225.77% | 12.44% |
| Return on equity | 1.55% | (16.78%) | 4.83% |
| Return on assets | 0.69% | (6.36%) | 1.57% |
| Return on invested capital | 2.96% | 4.15% | 3.04% |
Growth
Health
Dividend
Size
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