8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Feb 27, 2026·SEC
Material company update
Jan 23, 2026·SEC
BlackRock TCP Capital Corp.(TCPC)Earnings, Financials & Key Ratios
TCPC•NASDAQ
$3.45
Price updated Jul 6, 2026
AboutBlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.Show more
- EBITDA-$23M+63.5%
- Net Income-$89M-40.9%
- EPS (Diluted)-1.05-32.9%
- Gross Margin122.06%+155.8%
- EBITDA Margin29.92%+109.9%
- Operating Margin29.92%+109.9%
- Net Margin116.48%+138.3%
- ROE-12.86%-50.0%
TCPC Price & Volume
BlackRock TCP Capital Corp. (TCPC) stock price & volume — 10-year historical chart
Loading chart...
Persistent Portfolio Attrition Masks Structural Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Portfolio Valuation Volatility
Key Thesis Takeaways
- BlackRock TCP Capital Corp.
- faces significant fundamental headwinds characterized by a shrinking asset base, which has contracted from $2.3 billion in 2024Q1 to $1.5 billion in 2026Q1.
- The firm's reliance on leverage, evidenced by a 1.64 debt-to-equity ratio, combined with a $1.2 billion deficit in retained earnings, suggests an accelerating erosion of shareholder capital.
- Investors should remain cautious as the disconnect between accounting-based net income and cash-generating reality, alongside unsustainable dividend payouts, indicates potential long-term liquidity and credit quality concerns.
Verdict Logic
the firm's fundamental instability is underscored by a 34.6% dividend yield that appears disconnected from the underlying portfolio's ability to generate consistent, positive free cash flow.
TCPC Growth Metrics
BlackRock TCP Capital Corp. (TCPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-166.66%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-169.09%
Return on Capital
10 Years5.56%
5 Years3.59%
3 Years1.42%
Last Year-1.41%
TCPC Recent Earnings
BlackRock TCP Capital Corp. (TCPC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.21+5.0%
$0.20
Rev
$43M+6.2%
$40M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$0.26-0.9%
$0.26
Rev
$44M-6.5%
$47M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.32-3.0%
$0.33
Rev
$42M-10.5%
$47M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.32-5.9%
$0.34
Rev
$3M-95.4%
$54M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.21vs $0.20+5.0% | $43Mvs $40M+6.2% |
| Q1 2026 | Feb 27, 2026 | $0.26vs $0.26-0.9% | $44Mvs $47M-6.5% |
| Q4 2025 | Nov 6, 2025 | $0.32vs $0.33-3.0% | $42Mvs $47M-10.5% |
| Q3 2025 | Aug 7, 2025 | $0.32vs $0.34-5.9% | $3Mvs $54M-95.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for BlackRock TCP Capital Corp. (TCPC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.45 | $289.46M | -3.29 | -467.67% | 116.48% | -12.86% | 32.46% | |
| $18.56 | $13.33B | 9.98 | 32.87% | 43.69% | 8.11% | — | |
| $12.87 | $3.35B | 9.06 | 42.5% | 26.91% | 5.24% | — | |
| $4.79 | $194.47M | 3.93 | 36.55% | -19.55% | -3.39% | — | |
| $10.53 | $731.8M | 10.43 | 17.9% | 23.81% | 4.42% | — | |
| $12.85 | $701.03M | 7.56 | 24.76% | 39.78% | 7.31% | — |
Compare TCPC vs Peers
BlackRock TCP Capital Corp. (TCPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TCPC SEC Filings & Documents
BlackRock TCP Capital Corp. (TCPC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when TCPC posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
TCPC Frequently Asked Questions
BlackRock TCP Capital Corp. (TCPC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is BlackRock TCP Capital Corp.'s revenue?
BlackRock TCP Capital Corp. (TCPC) reported $24.4M in revenue for fiscal year 2025.
How fast is BlackRock TCP Capital Corp. growing?
BlackRock TCP Capital Corp. (TCPC) saw revenue decline by 467.7% over the past year.
Is TCPC profitable?
BlackRock TCP Capital Corp. (TCPC) reported a net loss of $126.1M for fiscal year 2025.
Dividend & Returns
Does TCPC pay dividends?
Yes, BlackRock TCP Capital Corp. (TCPC) pays a dividend with a yield of 32.46%. This makes it attractive for income-focused investors.
What is TCPC's return on equity?
BlackRock TCP Capital Corp. (TCPC) has a return on equity (ROE) of -12.9%. Negative ROE indicates the company is unprofitable.
What is BlackRock TCP Capital Corp.'s free cash flow?
BlackRock TCP Capital Corp. (TCPC) generated $144.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.