Financial health
- Total debt ($1.0B) exceeds cash ($61M); net debt is $974M.
Shareholder returns
- Dividends have been paid for 6 consecutive years.
- The dividend has grown 4.4% per year over the past 5 years.
TCPC Financials BlackRock TCP Capital Corp.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | -$89M | — | — | — | $1.0B | $61M |
| 2024 | — | -$63M | — | — | — | $1.1B | $92M |
| 2023 | — | $38M | — | — | — | $985M | $112M |
| 2022 | — | -$9M | — | — | — | $944M | $82M |
| 2021 | — | $134M | — | — | — | $1.0B | $20M |
| 2020 | — | $71M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$16M | — | — | — | $926M | $93M |
| Dec '25 | — | -$118M | — | — | — | $1.0B | $61M |
| Sep '25 | — | $24M | — | — | — | $1.1B | $61M |
| Jun '25 | — | -$16M | — | — | — | $1.2B | $107M |
| Mar '25 | — | $21M | — | — | — | $1.1B | — |
| Dec '24 | — | -$39M | — | — | — | $1.1B | $92M |
| Sep '24 | — | $22M | — | — | — | $1.2B | — |
| Jun '24 | — | -$51M | — | — | — | $1.3B | $195M |
| Mar '24 | — | $5M | — | — | — | $1.3B | $121M |
| Dec '23 | — | -$13M | — | — | — | $985M | $112M |
| Sep '23 | — | $13M | — | — | — | $970M | $92M |
| Jun '23 | — | $16M | — | — | — | $1.0B | $123M |
| Mar '23 | — | $23M | — | — | — | $1.0B | $99M |
| Dec '22 | — | -$48M | — | — | — | $944M | $82M |
| Sep '22 | — | $26M | — | — | — | $984M | $106M |
| Jun '22 | — | -$128075 | — | — | — | — | — |
| Mar '22 | — | $12M | — | — | — | — | — |
| Dec '21 | — | $33M | — | — | — | $1.0B | $20M |
| Sep '21 | — | $11M | — | — | — | — | — |
Valuation over time
How the market has priced TCPC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 25.0× (Jan '24) to 20.5× (Nov '24).
- The dividend yield has risen from 8.2% (Mar '23) to 36.2% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is TCPC growing its revenue and profit?
See the revenue and net-income charts above for BlackRock TCP Capital Corp.'s multi-year trend.
How much debt does TCPC have?
As of FY2025, BlackRock TCP Capital Corp. reported $1.0B of total debt against $61M of cash.
What is TCPC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is TCPC's P/E ratio?
As of Jun '26, BlackRock TCP Capital Corp. traded at a price-to-earnings ratio of about 20.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.