Saratoga Investment Corp (SAR) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
Saratoga Investment 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 $278.7M — 1.2× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Saratoga Investment Corp trades at 17.1×. Saratoga Investment Corp grew revenue faster over the last twelve months: −12.9% against −26.1%. Saratoga Investment Corp has the higher net margin (12.7% vs −61.3%) and the higher return on invested capital (5.52% vs 4.15%). Both pay a dividend; Saratoga Investment Corp yields more (12.3% vs 11.9%). Across the 20 metrics below, Saratoga Investment Corp leads on 13 and BLACKROCK TCP CAPITAL CORP. on 7.
Valuation
Profitability
| Metric | SAR | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 68.26% | 84.51% | 33.03% |
| Net margin | 12.70% | (61.27%) | 13.53% |
| Free cash flow margin | (117.81%) | 225.77% | 12.44% |
| Return on equity | 4.07% | (16.78%) | 4.83% |
| Return on assets | 1.31% | (6.36%) | 1.57% |
| Return on invested capital | 5.52% | 4.15% | 3.04% |
Growth
Health
Dividend
Size
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