📊 TCPC Key Takeaways
Is BlackRock TCP Capital Corp. (TCPC) a Good Investment?
TCPC is unprofitable with deteriorating earnings (EPS down 32.9% YoY) and carries elevated leverage (1.64x debt-to-equity) with constrained liquidity ($93.3M cash against $925.8M long-term debt). While operating cash flow of $159.1M demonstrates underlying cash generation, the combination of net losses, declining profitability, negative returns on equity/assets, and inadequate liquidity buffers relative to debt obligations suggests elevated financial stress for this BDC.
BlackRock TCP Capital Corp. Key Strengths (TCPC)
- Strong positive operating cash flow of $159.1M indicates underlying cash generation capability despite net losses
- Asset base of $1.5B provides scale and diversified investment portfolio typical of BDC model
- Free cash flow of $159.1M enables distributions despite current net losses
TCPC Stock Risks: BlackRock TCP Capital Corp. Investment Risks
- Negative net income (-$16.3M) with sharply declining EPS (-32.9% YoY) indicating deteriorating portfolio or unrealized investment losses
- Elevated leverage (1.64x debt-to-equity) with insufficient liquidity buffer: only $93.3M cash against $925.8M long-term debt creates refinancing and covenant risk
- Negative returns on equity (-2.9%) and assets (-1.1%) signal shareholder value destruction and capital inefficiency in a BDC structure
Key Metrics to Watch
- Net income trajectory and unrealized gains/losses on investment portfolio
- Operating cash flow sustainability and dividend coverage ratio
- Debt maturity profile and refinancing needs given tight liquidity position
BlackRock TCP Capital Corp. (TCPC) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
TCPC Profit Margin, ROE & Profitability Analysis
TCPC vs Market Sector: How BlackRock TCP Capital Corp. Compares
How BlackRock TCP Capital Corp. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is BlackRock TCP Capital Corp. Stock Overvalued? TCPC Valuation Analysis 2026
Based on fundamental analysis, BlackRock TCP Capital Corp. shows some fundamental concerns relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
BlackRock TCP Capital Corp. Balance Sheet: TCPC Debt, Cash & Liquidity
TCPC Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: BlackRock TCP Capital Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $0.67 reflects profitable operations.
TCPC Revenue Growth, EPS Growth & YoY Performance
BlackRock TCP Capital Corp. Dividends, Buybacks & Capital Allocation
TCPC SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for BlackRock TCP Capital Corp. (CIK: 0001370755)
📋 Recent SEC Filings
❓ Frequently Asked Questions about TCPC
What is the AI rating for TCPC?
BlackRock TCP Capital Corp. (TCPC) has an AI grade of C with 58% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TCPC's key strengths?
Claude: Strong positive operating cash flow of $159.1M indicates underlying cash generation capability despite net losses. Asset base of $1.5B provides scale and diversified investment portfolio typical of BDC model.
What are the risks of investing in TCPC?
Claude: Negative net income (-$16.3M) with sharply declining EPS (-32.9% YoY) indicating deteriorating portfolio or unrealized investment losses. Elevated leverage (1.64x debt-to-equity) with insufficient liquidity buffer: only $93.3M cash against $925.8M long-term debt creates refinancing and covenant risk.
What is TCPC's revenue and growth?
BlackRock TCP Capital Corp. reported revenue of N/A.
Does TCPC pay dividends?
BlackRock TCP Capital Corp. pays dividends, with $14.3M distributed to shareholders in the trailing twelve months.
Where can I find TCPC SEC filings?
Official SEC filings for BlackRock TCP Capital Corp. (CIK: 0001370755) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TCPC's EPS?
BlackRock TCP Capital Corp. has a diluted EPS of $-0.19.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is TCPC's fundamental grade?
Based on our AI fundamental analysis in June 2026, BlackRock TCP Capital Corp. has a C grade with 58% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is TCPC stock overvalued or undervalued?
Valuation metrics for TCPC: ROE of -2.9% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is TCPC's AI grade for 2026?
Our dual AI analysis gives BlackRock TCP Capital Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is TCPC's free cash flow?
BlackRock TCP Capital Corp.'s operating cash flow is $159.1M, with capital expenditures of N/A.
How does TCPC compare to other Market stocks?
Vs Default sector averages: Net margin N/A (avg: 12%), ROE -2.9% (avg: 15%), current ratio N/A (avg: 1.8).
Is BlackRock TCP Capital Corp. carrying too much debt?
TCPC has a debt-to-equity ratio of 1.64x, which is above the Market sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.