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Blackrock Tcp Capital (TCPC) Financials

Blackrock Tcp Capital logo
$5.79 +0.10 (+1.76%)
Closing price 04:00 PM Eastern
Extended Trading
$5.78 -0.01 (-0.10%)
As of 04:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Blackrock Tcp Capital

Annual Income Statements for Blackrock Tcp Capital

This table shows Blackrock Tcp Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 129 258 328 220
Consolidated Net Income / (Loss)		 134 258 328 220
Net Income / (Loss) Continuing Operations		 129 258 328 220
Total Pre-Tax Income 		129 258 328 220
Total Revenue		 221 81 122 -34
Net Interest Income / (Expense)		 158 126 147 163
Total Interest Income		 158 165 195 236
Investment Securities Interest Income		 158 165 195 236
Total Interest Expense		 0.00 39 48 72
Long-Term Debt Interest Expense		 - 39 48 72
Total Non-Interest Income		 63 -45 -24 -197
Other Service Charges		 1.61 1.06 0.42 0.15
Net Realized & Unrealized Capital Gains on Investments		 61 -46 -25 -197
Total Non-Interest Expense		 91 3.53 3.71 5.59
Other Operating Expenses		 91 3.53 3.71 5.59
Nonoperating Income / (Expense), net		 - 181 209 259
Basic Earnings per Share		 $2.32 ($0.16) $0.67 ($0.79)
Weighted Average Basic Shares Outstanding		 57.77M 57.77M 57.77M 79.67M
Diluted Earnings per Share		 $2.32 ($0.16) $0.67 ($0.79)
Weighted Average Diluted Shares Outstanding		 57.77M 57.77M 57.77M 79.67M
Weighted Average Basic & Diluted Shares Outstanding		 - 57.77M 57.77M 85.08M
Cash Dividends to Common per Share		 $1.20 $1.27 $1.69 $1.46

Quarterly Income Statements for Blackrock Tcp Capital

This table shows Blackrock Tcp Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 29 255 22 12 8.66 286 2.52 -18 16 217
Consolidated Net Income / (Loss)		 26 220 23 16 13 276 5.06 -51 22 245
Net Income / (Loss) Continuing Operations		 29 255 22 23 24 259 2.52 -18 28 205
Total Pre-Tax Income 		24 193 22 28 28 247 2.52 -18 34 173
Total Revenue		 47 19 46 49 38 -10 30 18 44 -128
Net Interest Income / (Expense)		 1.73 120 48 49 38 12 53 69 44 -4.83
Total Interest Income		 1.73 159 48 49 50 47 53 69 65 46
Investment Securities Interest Income		 1.73 159 48 49 50 47 53 69 65 46
Total Interest Expense		 0.00 39 0.00 0.00 12 36 0.00 0.00 21 51
Total Non-Interest Income		 45 -101 -2.28 0.02 0.02 -22 -23 -51 0.13 -123
Other Service Charges		 -4.80 9.99 0.38 0.02 0.02 0.00 0.00 0.00 0.13 0.01
Net Realized & Unrealized Capital Gains on Investments		 1.85 -19 -2.66 0.00 0.00 -22 -23 -51 0.00 -123
Total Non-Interest Expense		 18 -55 24 26 26 -73 27 35 37 -94
Other Operating Expenses		 18 -55 24 26 13 -60 27 35 16 -73
Basic Earnings per Share		 $0.45 ($0.83) $0.39 $0.28 $0.22 ($0.22) $0.08 ($0.60) $0.25 ($0.52)
Weighted Average Basic Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 62.05M 85.59M 85.59M 79.67M
Diluted Earnings per Share		 $0.45 ($0.83) $0.39 $0.28 $0.22 ($0.22) $0.08 ($0.60) $0.25 ($0.52)
Weighted Average Diluted Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 62.05M 85.59M 85.59M 79.67M
Weighted Average Basic & Diluted Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 85.59M 85.59M 85.59M 85.08M

Annual Cash Flow Statements for Blackrock Tcp Capital

This table details how cash moves in and out of Blackrock Tcp Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -0.45 63 30 -21
Net Cash From Operating Activities		 -83 204 92 293
Net Cash From Continuing Operating Activities		 -83 204 92 294
Net Income / (Loss) Continuing Operations		 134 -9.23 38 -63
Consolidated Net Income / (Loss)		 134 -9.23 38 -63
Depreciation Expense		 -63 80 36 128
Amortization Expense		 -4.97 -6.35 -2.58 -17
Non-Cash Adjustments to Reconcile Net Income		 -132 161 24 252
Changes in Operating Assets and Liabilities, net		 -16 -22 -3.92 -5.54
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 82 -141 -63 -314
Net Cash From Continuing Financing Activities		 82 -141 -63 -314
Issuance of Debt		 1,242 573 293 694
Repayment of Debt		 -1,091 -643 -255 -881
Repurchase of Common Equity		 - 0.00 0.00 -4.52
Payment of Dividends		 -69 -70 -101 -123
Cash Interest Paid		 33 37 43 69
Cash Income Taxes Paid		 0.00 0.00 0.05 0.17

Quarterly Cash Flow Statements for Blackrock Tcp Capital

This table details how cash moves in and out of Blackrock Tcp Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 57 13 16 24 -31 21 8.33 74 -90 -13
Net Cash From Operating Activities		 132 35 -40 46 47 40 33 86 102 72
Net Cash From Continuing Operating Activities		 133 72 -40 46 47 40 33 87 102 72
Net Income / (Loss) Continuing Operations		 26 -48 23 16 13 -13 5.06 -51 22 -39
Consolidated Net Income / (Loss)		 26 -48 23 16 13 -13 5.06 -51 22 -39
Depreciation Expense		 - - -28 11 16 38 23 51 -19 72
Amortization Expense		 -1.77 -0.77 -1.16 0.08 -0.83 -0.68 -1.25 -5.48 -5.39 -4.68
Non-Cash Adjustments to Reconcile Net Income		 121 27 -26 15 33 2.10 14 91 100 48
Changes in Operating Assets and Liabilities, net		 -13 13 -7.75 3.78 -14 14 -7.44 1.82 4.92 -4.85
Net Cash From Financing Activities		 -76 -59 57 -22 -78 -20 -25 -12 -192 -84
Net Cash From Continuing Financing Activities		 -76 -59 57 -22 -78 -20 -25 -12 -192 -84
Issuance of Debt		 62 111 118 44 79 52 46 389 238 21
Repayment of Debt		 -120 -151 -40 -46 -131 -38 -44 -373 -401 -64
Payment of Dividends		 -17 -18 -21 -20 -25 -34 -27 -29 -29 -37
Cash Interest Paid		 15 3.66 16 5.45 17 4.10 18 11 20 19

Annual Balance Sheets for Blackrock Tcp Capital

This table presents Blackrock Tcp Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,894 1,719 1,699 1,923
Cash and Due from Banks		 20 82 112 92
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - 0.00 0.82
Deferred Acquisition Cost		 4.79 3.60 3.67 6.24
Other Assets		 1,850 1,612 1,563 1,801
Total Liabilities & Shareholders' Equity		 1,894 1,719 1,699 1,923
Total Liabilities		 1,065 973 1,011 1,138
Accrued Interest Payable		 - 9.26 10 8.31
Long-Term Debt		 1,012 944 985 1,118
Other Long-Term Liabilities		 41 19 8.41 10
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 829 747 688 785
Total Preferred & Common Equity		 829 747 688 785
Total Common Equity		 829 747 688 785
Common Stock		 966 968 968 1,731
Retained Earnings		 - -221 -280 -946

Quarterly Balance Sheets for Blackrock Tcp Capital

This table presents Blackrock Tcp Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 1,812 1,793 1,793 1,719 2,284 2,219 2,048
Cash and Due from Banks		 106 99 123 92 121 195 104
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - - - 2.08 1.08 0.78
Deferred Acquisition Cost		 3.90 3.30 3.04 4.06 6.02 5.48 6.65
Other Assets		 1,683 1,668 1,643 1,597 2,120 1,984 1,918
Total Liabilities & Shareholders' Equity		 1,812 1,793 1,793 1,719 2,284 2,219 2,048
Total Liabilities		 996 1,042 1,045 984 1,330 1,346 1,182
Accrued Interest Payable		 - - - - 5.73 12 12
Long-Term Debt		 984 1,023 1,021 970 1,303 1,320 1,160
Other Long-Term Liabilities		 8.47 15 14 10 22 13 3.65
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 816 751 748 735 953 873 866
Total Preferred & Common Equity		 816 751 748 735 953 873 866
Total Common Equity		 816 751 748 735 953 873 866
Common Stock		 963 968 968 968 1,248 1,248 1,248
Retained Earnings		 - - -220 -233 -295 -375 -383

Annual Metrics And Ratios for Blackrock Tcp Capital

This table displays calculated financial ratios and metrics derived from Blackrock Tcp Capital's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - -
Revenue Growth		 -9.43% -62.59% 51.35% -127.60%
EBITDA Growth		 -60.24% 166.21% 1.10% -53.06%
EBIT Growth		 -16.39% -38.10% 53.47% -133.17%
NOPAT Growth		 -16.39% 6.64% 53.47% -133.17%
Net Income Growth		 87.45% 93.11% 26.97% -32.92%
EPS Growth		 88.62% -106.90% 518.75% -217.91%
Operating Cash Flow Growth		 -167.53% 346.88% -54.67% 217.05%
Free Cash Flow Firm Growth		 0.00% 6.64% -2,108.93% 82.62%
Invested Capital Growth		 0.00% 0.00% 0.00% 13.79%
Revenue Q/Q Growth		 0.00% 0.00% -25.43% -127.36%
EBITDA Q/Q Growth		 0.00% 0.00% 192.11% -9.87%
EBIT Q/Q Growth		 0.00% 0.00% 116.48% -3,325.73%
NOPAT Q/Q Growth		 0.00% 0.00% 13.80% -154.74%
Net Income Q/Q Growth		 0.00% 0.00% 8,096.56% 680.63%
EPS Q/Q Growth		 0.00% 0.00% 1,016.67% -61.22%
Operating Cash Flow Q/Q Growth		 0.00% 50.93% 5.54% 11.97%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -475.33%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
EBITDA Margin		 27.62% 186.36% 124.48% 0.00%
EBIT Margin		 58.62% 95.64% 96.97% 0.00%
Profit (Net Income) Margin		 60.67% 319.41% 267.96% 0.00%
Tax Burden Percent		 103.51% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.00% 333.98% 276.32% -558.79%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 14.19% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 56.69% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 81.22% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 95.42% 29.88%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -185.81% -15.10%
Operating Return on Assets (OROA)		 0.00% 0.00% 6.99% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 19.31% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 95.42% 29.88%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 47.71% 28.03%
Net Operating Profit after Tax (NOPAT)		 129 77 119 -39
NOPAT Margin		 58.62% 95.64% 96.97% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -42.49% -24.67%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 41.38% 4.36% 3.03% 0.00%
Earnings before Interest and Taxes (EBIT)		 129 77 119 -39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 61 151 152 72
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.83 0.95
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.83 0.95
Price to Revenue (P/Rev)		 0.00 6.88 4.69 0.00
Price to Earnings (P/E)		 0.00 2.15 1.75 3.39
Dividend Yield		 13.65% 13.19% 14.00% 16.76%
Earnings Yield		 0.00% 46.45% 57.18% 29.52%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.86 0.93
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 11.82 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 9.49 24.77
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 12.19 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 12.19 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 15.65 6.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 1.43 1.42
Long-Term Debt to Equity		 0.00 0.00 1.43 1.42
Financial Leverage		 0.00 0.00 1.43 1.43
Leverage Ratio		 0.00 0.00 2.47 2.46
Compound Leverage Factor		 0.00 0.00 6.83 -13.74
Debt to Total Capital		 0.00% 0.00% 58.90% 58.75%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 58.90% 58.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 41.10% 41.25%
Debt to EBITDA		 0.00 0.00 6.46 15.63
Net Debt to EBITDA		 0.00 0.00 5.73 14.35
Long-Term Debt to EBITDA		 0.00 0.00 6.46 15.63
Debt to NOPAT		 0.00 0.00 8.30 -28.40
Net Debt to NOPAT		 0.00 0.00 7.35 -26.07
Long-Term Debt to NOPAT		 0.00 0.00 8.30 -28.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 129 77 -1,554 -270
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 1.97 -32.50 -3.74
Operating Cash Flow to Interest Expense		 0.00 5.18 1.93 4.06
Operating Cash Flow Less CapEx to Interest Expense		 0.00 5.18 1.93 4.06
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.07 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 0.00 1,673 1,903
Invested Capital Turnover		 0.00 0.00 0.15 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 1,673 231
Enterprise Value (EV)		 0.00 0.00 1,447 1,772
Market Capitalization		 0.00 556 574 745
Book Value per Share		 $0.00 $0.00 $11.90 $9.17
Tangible Book Value per Share		 $0.00 $0.00 $11.90 $9.17
Total Capital		 0.00 0.00 1,673 1,903
Total Debt		 0.00 0.00 985 1,118
Total Long-Term Debt		 0.00 0.00 985 1,118
Net Debt		 0.00 0.00 873 1,027
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -4.53 -181 -209 -259
Net Nonoperating Obligations (NNO)		 0.00 0.00 985 1,118
Total Depreciation and Amortization (D&A)		 -68 73 34 111
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.16) $0.67 ($0.79)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 57.77M 57.77M 79.67M
Adjusted Diluted Earnings per Share		 $0.00 ($0.16) $0.67 ($0.79)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 57.77M 57.77M 79.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 57.77M 57.77M 85.08M
Normalized Net Operating Profit after Tax (NOPAT)		 90 54 83 -28
Normalized NOPAT Margin		 41.03% 66.95% 67.88% 0.00%
Pre Tax Income Margin		 58.62% 319.41% 267.96% 0.00%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 1.97 2.48 -0.55
NOPAT to Interest Expense		 0.00 1.97 2.48 -0.55
EBIT Less CapEx to Interest Expense		 0.00 1.97 2.48 -0.55
NOPAT Less CapEx to Interest Expense		 0.00 1.97 2.48 -0.55
Payout Ratios		 - - - -
Dividend Payout Ratio		 51.81% 27.28% 30.64% 55.68%
Augmented Payout Ratio		 51.81% 27.28% 30.64% 57.74%

Quarterly Metrics And Ratios for Blackrock Tcp Capital

This table displays calculated financial ratios and metrics derived from Blackrock Tcp Capital's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -10.68% 0.00% 10.50% 0.00% -19.92% -155.84% -35.58% -63.63% 16.87% -1,130.46%
EBITDA Growth		 35.95% 0.00% -149.60% 1,761.62% -1.67% 37.04% 418.48% -16.27% -166.43% -65.75%
EBIT Growth		 44.86% 0.00% 107.18% 5,649.71% -59.08% -14.87% -88.36% -177.10% -41.11% -153.26%
NOPAT Growth		 23.05% 0.00% 107.18% 29.78% 16.11% 27.89% -88.36% -144.48% 19.62% -29.74%
Net Income Growth		 140.80% 0.00% 82.46% 12,788.41% -51.13% 25.69% -77.74% -415.53% 68.71% -11.45%
EPS Growth		 136.84% 0.00% 77.27% 0.00% -51.11% 73.49% -79.49% -314.29% 13.64% -136.36%
Operating Cash Flow Growth		 0.00% 206.36% -251.48% 379.48% -64.78% 13.69% 182.67% 87.95% 118.28% 77.69%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 106.88% 0.00% 72.89% 75.61% -330.89% 95.98%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -5.22% 0.00% 26.93% 23.32% 18.52% 13.79%
Revenue Q/Q Growth		 0.00% -60.44% 147.83% 6.61% -23.38% -127.58% 385.96% -39.81% 146.20% -390.38%
EBITDA Q/Q Growth		 1,423.35% 170.22% -110.58% 539.28% -21.69% 276.61% -75.42% 15.50% -162.13% 294.19%
EBIT Q/Q Growth		 7,103.88% 156.27% -70.64% 5.31% -48.35% 433.08% -95.98% -797.39% 139.45% -582.11%
NOPAT Q/Q Growth		 14.67% 691.04% -88.80% 27.76% 2.59% 771.30% -98.98% -588.17% 375.88% 411.75%
Net Income Q/Q Growth		 20,587.22% 737.69% -89.67% -28.45% -21.09% 2,054.43% -98.17% -1,113.94% 142.19% 1,030.88%
EPS Q/Q Growth		 0.00% -284.44% 146.99% -28.21% -21.43% -200.00% 136.36% -850.00% 141.67% -308.00%
Operating Cash Flow Q/Q Growth		 1,278.64% -73.17% -213.93% 213.77% 1.26% -13.38% -17.15% 158.64% 17.60% -29.49%
Free Cash Flow Firm Q/Q Growth		 0.00% -100.00% 0.00% 0.28% 106.99% -5,135.51% 66.61% 10.31% 33.81% -269.12%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.06% -3.91% 0.00% 34.88% -2.79% -7.65% 0.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 57.35% 391.80% -16.72% 68.90% 70.42% 0.00% 82.67% 158.63% -40.03% 0.00%
EBIT Margin		 61.11% 395.92% 46.90% 46.33% 31.23% 0.00% 8.48% -98.21% 15.74% 0.00%
Profit (Net Income) Margin		 55.84% 1,182.57% 49.31% 33.09% 34.08% 0.00% 17.04% -287.08% 49.19% 0.00%
Tax Burden Percent		 107.57% 113.92% 105.13% 58.87% 45.28% 111.96% 201.04% 292.30% 63.86% 141.11%
Interest Burden Percent		 84.94% 262.20% 100.00% 121.32% 240.99% 393.89% 100.00% 100.00% 489.50% -519.60%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 4.50% 8.49% 5.36% 0.00% 0.45% -2.59% 3.35% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 4.72% 6.29% 3.78% 0.00% 0.66% -5.91% 2.20% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 6.45% 8.68% 4.78% 0.00% 0.91% -8.57% 2.93% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 10.95% 17.17% 10.13% 0.00% 1.35% -11.16% 6.28% 29.88%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -185.81% -8.41% -7.60% -2.53% -15.10%
Operating Return on Assets (OROA)		 0.00% 0.00% 2.23% 3.47% 2.21% 0.00% 0.44% -3.66% 0.68% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 2.35% 2.48% 2.41% 0.00% 0.89% -10.70% 2.12% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 10.95% 17.17% 10.13% 0.00% 1.35% -11.16% 6.28% 29.88%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 35.77% 38.12% 36.95% 0.00% 32.55% 27.82% 29.07% 0.00%
Net Operating Profit after Tax (NOPAT)		 24 193 22 28 28 247 2.52 -12 34 173
NOPAT Margin		 51.91% 1,038.08% 46.90% 56.21% 75.26% 0.00% 8.48% -68.75% 77.04% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -0.37% 0.00% -0.22% 2.20% 1.58% -5.99% -0.22% 3.32% 1.15% -6.78%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 38.89% -295.92% 53.10% 53.67% 68.77% 0.00% 91.52% 198.21% 84.26% 0.00%
Earnings before Interest and Taxes (EBIT)		 29 74 22 23 12 63 2.52 -18 6.92 -33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 27 73 -7.70 34 26 100 25 28 -18 34
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.59 0.64 0.73 0.83 0.54 0.94 0.75 0.95
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.59 0.64 0.73 0.83 0.54 0.94 0.75 0.95
Price to Revenue (P/Rev)		 0.00 6.88 5.17 3.58 4.29 4.69 4.87 10.92 8.03 0.00
Price to Earnings (P/E)		 0.00 2.15 1.63 1.71 2.05 1.75 1.67 2.92 2.27 3.39
Dividend Yield		 15.75% 13.19% 16.92% 15.97% 14.76% 14.00% 15.22% 14.25% 17.86% 16.76%
Earnings Yield		 0.00% 46.45% 61.18% 58.56% 48.77% 57.18% 59.84% 34.24% 44.06% 29.52%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.77 0.78 0.83 0.86 0.75 0.89 0.84 0.93
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 16.05 10.34 11.35 11.82 16.02 25.97 21.05 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 10.73 12.85 15.41 9.49 9.20 10.84 12.65 24.77
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 15.46 12.43 14.98 12.19 17.05 32.74 31.33 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 5.08 5.03 5.07 12.19 5.50 7.36 6.34 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 10.00 8.02 16.20 15.65 10.21 9.40 6.52 6.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.21 0.00 1.37 1.38 1.33 1.43 1.37 1.51 1.34 1.42
Long-Term Debt to Equity		 1.21 0.00 1.36 1.37 1.32 1.43 1.37 1.51 1.34 1.42
Financial Leverage		 1.21 0.00 1.37 1.38 1.26 1.43 1.37 1.45 1.33 1.43
Leverage Ratio		 2.22 0.00 2.39 2.40 2.28 2.47 2.39 2.48 2.35 2.46
Compound Leverage Factor		 1.89 0.00 2.39 2.91 5.49 9.73 2.39 2.48 11.52 -12.78
Debt to Total Capital		 54.75% 0.00% 57.75% 57.97% 57.00% 58.90% 57.74% 60.19% 57.27% 58.75%
Short-Term Debt to Total Capital		 0.19% 0.00% 0.23% 0.56% 0.22% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 54.56% 0.00% 57.53% 57.41% 56.78% 58.90% 57.74% 60.19% 57.27% 58.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.25% 0.00% 42.25% 42.03% 43.00% 41.10% 42.26% 39.81% 42.73% 41.25%
Debt to EBITDA		 0.00 0.00 8.05 9.54 10.58 6.46 7.06 7.37 8.59 15.63
Net Debt to EBITDA		 0.00 0.00 7.28 8.40 9.59 5.73 6.40 6.28 7.82 14.35
Long-Term Debt to EBITDA		 0.00 0.00 8.02 9.45 10.54 6.46 7.06 7.37 8.59 15.63
Debt to NOPAT		 0.00 0.00 3.81 3.74 3.48 8.30 4.22 5.00 4.31 -28.40
Net Debt to NOPAT		 0.00 0.00 3.44 3.29 3.15 7.35 3.83 4.27 3.92 -26.07
Long-Term Debt to NOPAT		 0.00 0.00 3.79 3.70 3.47 8.30 4.22 5.00 4.31 -28.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,779 0.00 -1,756 -1,751 122 -1,426 -476 -427 -283 -57
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 10.09 -39.97 0.00 0.00 -13.36 -1.12
Operating Cash Flow to Interest Expense		 0.00 0.90 0.00 0.00 3.84 1.13 0.00 0.00 4.80 1.41
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.90 0.00 0.00 3.84 1.13 0.00 0.00 4.80 1.41
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.05 0.08 0.07 0.07 0.05 0.04 0.04 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,803 0.00 1,778 1,779 1,709 1,673 2,256 2,193 2,026 1,903
Invested Capital Turnover		 0.00 0.00 0.10 0.15 0.07 0.15 0.05 0.04 0.04 0.00
Increase / (Decrease) in Invested Capital		 1,803 0.00 1,778 1,779 -94 1,673 479 415 317 231
Enterprise Value (EV)		 0.00 0.00 1,368 1,389 1,419 1,447 1,699 1,943 1,708 1,772
Market Capitalization		 0.00 556 441 481 536 574 516 817 652 745
Book Value per Share		 $14.12 $0.00 $13.00 $12.94 $12.72 $11.90 $16.51 $10.20 $10.11 $9.17
Tangible Book Value per Share		 $14.12 $0.00 $13.00 $12.94 $12.72 $11.90 $16.51 $10.20 $10.11 $9.17
Total Capital		 1,803 0.00 1,778 1,779 1,709 1,673 2,256 2,193 2,026 1,903
Total Debt		 987 0.00 1,027 1,031 974 985 1,303 1,320 1,160 1,118
Total Long-Term Debt		 984 0.00 1,023 1,021 970 985 1,303 1,320 1,160 1,118
Net Debt		 882 0.00 928 908 882 873 1,182 1,126 1,056 1,027
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -1.85 -27 -1.11 11 15 -30 -2.54 39 12 -71
Net Nonoperating Obligations (NNO)		 987 0.00 1,027 1,031 974 985 1,303 1,320 1,160 1,118
Total Depreciation and Amortization (D&A)		 -1.77 -0.77 -29 11 15 37 22 46 -25 68
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.45 ($0.83) $0.39 $0.28 $0.22 ($0.22) $0.08 ($0.60) $0.25 ($0.52)
Adjusted Weighted Average Basic Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 62.05M 85.59M 85.59M 79.67M
Adjusted Diluted Earnings per Share		 $0.45 ($0.83) $0.39 $0.28 $0.22 ($0.22) $0.08 ($0.60) $0.25 ($0.52)
Adjusted Weighted Average Diluted Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 62.05M 85.59M 85.59M 79.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 57.77M 57.77M 57.77M 57.77M 57.77M 57.77M 85.59M 85.59M 85.59M 85.08M
Normalized Net Operating Profit after Tax (NOPAT)		 17 135 15 19 20 173 1.76 -12 24 121
Normalized NOPAT Margin		 36.34% 726.66% 32.83% 39.35% 52.68% 0.00% 5.93% -68.75% 53.93% 0.00%
Pre Tax Income Margin		 51.91% 1,038.08% 46.90% 56.21% 75.26% 0.00% 8.48% -98.21% 77.04% 0.00%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 1.87 0.00 0.00 0.97 1.76 0.00 0.00 0.33 -0.65
NOPAT to Interest Expense		 0.00 4.90 0.00 0.00 2.33 6.92 0.00 0.00 1.60 3.40
EBIT Less CapEx to Interest Expense		 0.00 1.87 0.00 0.00 0.97 1.76 0.00 0.00 0.33 -0.65
NOPAT Less CapEx to Interest Expense		 0.00 4.90 0.00 0.00 2.33 6.92 0.00 0.00 1.60 3.40
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 27.28% 27.74% 26.96% 31.27% 30.64% 34.16% 47.56% 47.36% 55.68%
Augmented Payout Ratio		 0.00% 27.28% 27.74% 26.96% 31.27% 30.64% 34.16% 47.56% 47.36% 57.74%

Financials Breakdown Chart

Key Financial Trends

BlackRock TCP Capital Corp. (NASDAQ: TCPC) has shown a volatile financial performance over the last four years, with notable fluctuations in income, cash flows, and equity. Here's a summary of the key trends from its quarterly financial statements:

  • The company reported strong consolidated net income in Q4 2024 of approximately $244.6 million, recovering from losses in previous quarters of the same year.
  • Net cash from continuing operating activities was robust in recent quarters, with Q4 2024 showing $71.7 million and Q3 2024 $101.8 million, indicating solid operating cash flow generation capability.
  • Operating expenses have been controlled relative to total revenue, with non-interest expenses significantly lower in Q4 2024 compared to previous periods, aiding profitability.
  • The balance sheet shows a strong total equity base of approximately $865.6 million as of Q3 2024, reflecting a healthy capitalization after a rebound from earlier declines.
  • Total interest income has shown some decline from mid-2023 to late-2024, but retains a material base over $46 million in Q4 2024; sustained interest income is critical given the firm's investment focus.
  • Debt levels fluctuated with long-term debt around $1.16 billion as of Q3 2024; the company continues to manage its debt through issuance and repayments, impacting financing costs.
  • Net realized and unrealized capital gains on investments were highly negative in several recent quarters, particularly Q4 2024 (-$123 million), deeply impacting total revenue and signaling market or investment volatility risks.
  • The net interest income turned negative in Q4 2024 with an expense of about $4.8 million, a deterioration from previous positive quarters, which may pressure net earnings if sustained.
  • Consolidated net income in cash flow statements for Q4 2024 was a loss of about $38.6 million, contrasting the positive net income on the income statement, indicating potential non-cash or timing items requiring scrutiny.
  • Net cash from financing activities was negative by approximately $84.3 million in Q4 2024, largely influenced by debt repayments and dividend payments, which might pressure liquidity if continuing at these levels.

Summary: BlackRock TCP Capital has demonstrated the ability to generate strong operating cash flows and returned to profitability by the end of 2024. However, the firm faces challenges from volatile capital gains and interest income pressures, as well as significant financing activity outflows. Investors should watch how the company manages investment income volatility and financing activities going forward, as these factors significantly impact earnings and cash flow stability.

10/14/25 05:02 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Blackrock Tcp Capital's Financials

When does Blackrock Tcp Capital's financial year end?

According to the most recent income statement we have on file, Blackrock Tcp Capital's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Blackrock Tcp Capital's net income changed over the last 3 years?

Blackrock Tcp Capital's net income appears to be on an upward trend, with a most recent value of $220.06 million in 2024, rising from $133.79 million in 2021. The previous period was $328.05 million in 2023. See where experts think Blackrock Tcp Capital is headed by visiting Blackrock Tcp Capital's forecast page.

How has Blackrock Tcp Capital's revenue changed over the last 3 years?

Over the last 3 years, Blackrock Tcp Capital's total revenue changed from $220.51 million in 2021 to -$33.79 million in 2024, a change of -115.3%.

How much debt does Blackrock Tcp Capital have?

Blackrock Tcp Capital's total liabilities were at $1.14 billion at the end of 2024, a 12.5% increase from 2023, and a 6.9% increase since 2021.

How much cash does Blackrock Tcp Capital have?

In the past 3 years, Blackrock Tcp Capital's cash and equivalents has ranged from $19.55 million in 2021 to $112.24 million in 2023, and is currently $91.59 million as of their latest financial filing in 2024.

How has Blackrock Tcp Capital's book value per share changed over the last 3 years?

Over the last 3 years, Blackrock Tcp Capital's book value per share changed from 0.00 in 2021 to 9.17 in 2024, a change of 917.3%.


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This page (NASDAQ:TCPC) was last updated on 10/14/2025 by MarketBeat.com Staff
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