Runway Growth Finance Corp. (RWAY) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
- Runway Growth Finance Corp. RWAY 6.33 −2.91%
- BLACKROCK TCP CAPITAL CORP. TCPC 4.16 −1.42%
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 $354.1M against $273.3M — 1.3× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Runway Growth Finance Corp. trades at 57.5×. 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 (20.9% vs 18.3%). Across the 18 metrics below, Runway Growth Finance Corp. leads on 10 and BLACKROCK TCP CAPITAL CORP. on 8.
Valuation
Profitability
| Metric | RWAY | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.26% | 84.51% | 33.42% |
| Net margin | 5.82% | (61.27%) | 13.37% |
| Free cash flow margin | (56.56%) | 225.77% | 12.36% |
| Return on equity | 1.55% | (16.78%) | 4.79% |
| Return on assets | 0.69% | (6.36%) | 1.55% |
| Return on invested capital | 2.96% | 4.15% | 2.97% |
Growth
Health
Dividend
Size
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