BLACKROCK TCP CAPITAL CORP (TCPC) Stock Fundamental Analysis

NASDAQ:TCPC • US09259E1082

4.53 USD
+0.03 (+0.67%)
At close: Feb 24, 2026
4.53 USD
0 (0%)
After Hours: 2/24/2026, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, TCPC scores 4 out of 10 in our fundamental rating. TCPC was compared to 238 industry peers in the Capital Markets industry. TCPC has only an average score on both its financial health and profitability. TCPC has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year TCPC was profitable.
  • In the past year TCPC had a positive cash flow from operations.
  • In multiple years TCPC reported negative net income over the last 5 years.
  • Of the past 5 years TCPC 4 years had a positive operating cash flow.
TCPC Yearly Net Income VS EBIT VS OCF VS FCFTCPC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

  • TCPC has a Return On Assets of -0.51%. This is in the lower half of the industry: TCPC underperforms 78.15% of its industry peers.
  • Looking at the Return On Equity, with a value of -1.24%, TCPC is doing worse than 72.69% of the companies in the same industry.
  • TCPC's Return On Invested Capital of 5.35% is fine compared to the rest of the industry. TCPC outperforms 69.75% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TCPC is below the industry average of 7.31%.
  • The last Return On Invested Capital (5.35%) for TCPC is above the 3 year average (4.88%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.51%
ROE -1.24%
ROIC 5.35%
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
TCPC Yearly ROA, ROE, ROICTCPC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • TCPC's Operating Margin of 55.40% is amongst the best of the industry. TCPC outperforms 93.28% of its industry peers.
  • TCPC's Operating Margin has been stable in the last couple of years.
  • TCPC has a Gross Margin of 57.72%. This is in the better half of the industry: TCPC outperforms 65.55% of its industry peers.
  • TCPC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 55.4%
PM (TTM) N/A
GM 57.72%
OM growth 3Y5.11%
OM growth 5Y0.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.92%
GM growth 5Y-0.19%
TCPC Yearly Profit, Operating, Gross MarginsTCPC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The number of shares outstanding for TCPC has been increased compared to 1 year ago.
  • The number of shares outstanding for TCPC has been increased compared to 5 years ago.
  • The debt/assets ratio for TCPC is higher compared to a year ago.
TCPC Yearly Shares OutstandingTCPC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
TCPC Yearly Total Debt VS Total AssetsTCPC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • TCPC has an Altman-Z score of -0.18. This is a bad value and indicates that TCPC is not financially healthy and even has some risk of bankruptcy.
  • TCPC's Altman-Z score of -0.18 is on the low side compared to the rest of the industry. TCPC is outperformed by 78.15% of its industry peers.
  • The Debt to FCF ratio of TCPC is 5.65, which is a neutral value as it means it would take TCPC, 5.65 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TCPC (5.65) is better than 66.39% of its industry peers.
  • A Debt/Equity ratio of 1.42 is on the high side and indicates that TCPC has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.42, TCPC is doing worse than 70.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 5.65
Altman-Z -0.18
ROIC/WACCN/A
WACCN/A
TCPC Yearly LT Debt VS Equity VS FCFTCPC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 3.62 indicates that TCPC has no problem at all paying its short term obligations.
  • TCPC has a better Current ratio (3.62) than 83.19% of its industry peers.
  • A Quick Ratio of 3.62 indicates that TCPC has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 3.62, TCPC belongs to the top of the industry, outperforming 83.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.62
Quick Ratio 3.62
TCPC Yearly Current Assets VS Current LiabilitesTCPC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • TCPC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.36%.
  • The Earnings Per Share has been decreasing by -0.37% on average over the past years.
  • Looking at the last year, TCPC shows a very negative growth in Revenue. The Revenue has decreased by -12.01% in the last year.
  • The Revenue has been growing slightly by 5.85% on average over the past years.
EPS 1Y (TTM)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)-12.01%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.78%

3.2 Future

  • Based on estimates for the next years, TCPC will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.42% on average per year.
  • TCPC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.17% yearly.
EPS Next Y-21.74%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue Next Year-21.57%
Revenue Next 2Y-16.61%
Revenue Next 3Y-13.17%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TCPC Yearly Revenue VS EstimatesTCPC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
TCPC Yearly EPS VS EstimatesTCPC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 3.41, the valuation of TCPC can be described as very cheap.
  • Based on the Price/Earnings ratio, TCPC is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.98, TCPC is valued rather cheaply.
  • A Price/Forward Earnings ratio of 5.35 indicates a rather cheap valuation of TCPC.
  • Based on the Price/Forward Earnings ratio, TCPC is valued cheaply inside the industry as 93.70% of the companies are valued more expensively.
  • TCPC is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.41
Fwd PE 5.35
TCPC Price Earnings VS Forward Price EarningsTCPC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, TCPC is valued cheaper than 93.28% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.07
EV/EBITDA N/A
TCPC Per share dataTCPC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • A cheap valuation may be justified as TCPC's earnings are expected to decrease with -23.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • TCPC has a Yearly Dividend Yield of 20.66%, which is a nice return.
  • In the last 3 months the price of TCPC has falen by -24.50%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 6.17, TCPC pays a better dividend. On top of this TCPC pays more dividend than 97.48% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, TCPC pays a better dividend.
Industry RankSector Rank
Dividend Yield 20.66%

5.2 History

  • The dividend of TCPC has a limited annual growth rate of 3.58%.
  • TCPC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years0
Div Non Decr Years0
TCPC Yearly Dividends per shareTCPC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • TCPC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-1212.12%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
TCPC Yearly Income VS Free CF VS DividendTCPC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

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Find the best dividend stocksShow peers with best dividend

BLACKROCK TCP CAPITAL CORP

NASDAQ:TCPC (2/24/2026, 8:00:01 PM)

After market: 4.53 0 (0%)

4.53

+0.03 (+0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-06
Earnings (Next)02-27
Inst Owners26.42%
Inst Owner Change2%
Ins Owners0.21%
Ins Owner Change0%
Market Cap384.33M
Revenue(TTM)219.12M
Net Income(TTM)-9.19M
Analysts46.67
Price Target6.63 (46.36%)
Short Float %4.24%
Short Ratio3.47
Dividend
Industry RankSector Rank
Dividend Yield 20.66%
Yearly Dividend1.72
Dividend Growth(5Y)3.58%
DP-1212.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.24%
Min EPS beat(2)-5.91%
Max EPS beat(2)1.42%
EPS beat(4)2
Avg EPS beat(4)-1.09%
Min EPS beat(4)-5.91%
Max EPS beat(4)5.04%
EPS beat(8)3
Avg EPS beat(8)-3.19%
EPS beat(12)6
Avg EPS beat(12)-0.93%
EPS beat(16)9
Avg EPS beat(16)1.41%
Revenue beat(2)0
Avg Revenue beat(2)-5.17%
Min Revenue beat(2)-7.43%
Max Revenue beat(2)-2.91%
Revenue beat(4)0
Avg Revenue beat(4)-5.94%
Min Revenue beat(4)-7.99%
Max Revenue beat(4)-2.91%
Revenue beat(8)3
Avg Revenue beat(8)-2.51%
Revenue beat(12)6
Avg Revenue beat(12)-0.84%
Revenue beat(16)8
Avg Revenue beat(16)-0.39%
PT rev (1m)0%
PT rev (3m)-9.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.3%
EPS NY rev (1m)0%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.37%
Valuation
Industry RankSector Rank
PE 3.41
Fwd PE 5.35
P/S 1.75
P/FCF 2.07
P/OCF 2.07
P/B 0.52
P/tB 0.52
EV/EBITDA N/A
EPS(TTM)1.33
EY29.36%
EPS(NY)0.85
Fwd EY18.69%
FCF(TTM)2.19
FCFY48.41%
OCF(TTM)2.19
OCFY48.41%
SpS2.58
BVpS8.72
TBVpS8.72
PEG (NY)N/A
PEG (5Y)N/A
Graham Number16.16
Profitability
Industry RankSector Rank
ROA -0.51%
ROE -1.24%
ROCE 6.77%
ROIC 5.35%
ROICexc 5.54%
ROICexgc 5.62%
OM 55.4%
PM (TTM) N/A
GM 57.72%
FCFM 84.91%
ROA(3y)-0.52%
ROA(5y)1.96%
ROE(3y)-1.23%
ROE(5y)4.36%
ROIC(3y)4.88%
ROIC(5y)4.36%
ROICexc(3y)5.16%
ROICexc(5y)4.54%
ROICexgc(3y)5.23%
ROICexgc(5y)4.6%
ROCE(3y)6.17%
ROCE(5y)5.51%
ROICexgc growth 3Y22.56%
ROICexgc growth 5Y4.85%
ROICexc growth 3Y22.5%
ROICexc growth 5Y4.81%
OM growth 3Y5.11%
OM growth 5Y0.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.92%
GM growth 5Y-0.19%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.42
Debt/FCF 5.65
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.92
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.62
Quick Ratio 3.62
Altman-Z -0.18
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.36%
EPS 3Y8.06%
EPS 5Y-0.37%
EPS Q2Q%-16.67%
EPS Next Y-21.74%
EPS Next 2Y-27.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.01%
Revenue growth 3Y16.26%
Revenue growth 5Y5.85%
Sales Q2Q%-28.78%
Revenue Next Year-21.57%
Revenue Next 2Y-16.61%
Revenue Next 3Y-13.17%
Revenue Next 5YN/A
EBIT growth 1Y-1.64%
EBIT growth 3Y22.19%
EBIT growth 5Y6.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y112.62%
FCF growth 3YN/A
FCF growth 5Y128.56%
OCF growth 1Y112.62%
OCF growth 3YN/A
OCF growth 5Y128.56%

BLACKROCK TCP CAPITAL CORP / TCPC FAQ

What is the fundamental rating for TCPC stock?

ChartMill assigns a fundamental rating of 4 / 10 to TCPC.


What is the valuation status for TCPC stock?

ChartMill assigns a valuation rating of 6 / 10 to BLACKROCK TCP CAPITAL CORP (TCPC). This can be considered as Fairly Valued.


What is the profitability of TCPC stock?

BLACKROCK TCP CAPITAL CORP (TCPC) has a profitability rating of 4 / 10.


Can you provide the financial health for TCPC stock?

The financial health rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 4 / 10.


How sustainable is the dividend of BLACKROCK TCP CAPITAL CORP (TCPC) stock?

The dividend rating of BLACKROCK TCP CAPITAL CORP (TCPC) is 5 / 10 and the dividend payout ratio is -1212.12%.