Stocks · Financial Services · Asset Management
BlackRock TCP Capital Corp. TCPC
$3.98 -1.24% Close, Oct 2, 2026 · NASDAQ · Market cap $333.9M
High qualityWeak trendHigh risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $135.9M, up 92.7% from a year earlier, slowing from 151.9% a quarter earlier.
- Operating margin widened to 50.5% from -16.2% a year earlier.
- Net debt is 11.0× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 4%
- FCF growth (TTM, YoY)Top 15%
- Revenue growth accelerationBottom 2%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 31%
- Gross marginTop 30%
- Operating marginTop 7%
- Accruals (lower is better)Top 3%
- Net debt / EBITDA (lower is better)Bottom 12%
- Interest coverTop 46%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 5%
- Free-cash-flow yieldTop 1%
- EBITDA / enterprise valueBottom 48%
- Sales / enterprise valueBottom 14%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 7%
- 6-month returnTop 38%
- 1-year return vs S&P 500Bottom 8%
- Distance from 52-week highBottom 12%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 41%
- Consecutive EPS beatsTop 42%
- Share of analysts rating BuyBottom 25%
- Upside to consensus price targetBottom 12%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 15%
- Maximum drawdown, 3 yearsBottom 5%
- Beta vs S&P 500 (lower is better)Bottom 13%
- Net debt / EBITDA (lower is better)Bottom 12%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 151.9% | 92.7% | ↓ |
| Gross margin | 0.9% | 72.6% | ↑ |
| Operating margin | -16.2% | 50.5% | ↑ |
| FCF margin | 260.9% | 294.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 92.7% | 151.9% | ↓ | Top 4% |
| Gross margin | 72.6% | 0.9% | ↑ | Top 30% |
| Operating margin | 50.5% | -16.2% | ↑ | Top 7% |
| Net margin | -79.9% | -16.9% | ↓ | — |
| Free-cash-flow margin | 294.2% | 260.9% | ↑ | — |
| Return on invested capital | 4.6% | — | Top 31% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -34.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -117.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 10.98×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 22.29%
- Net buyback yield (TTM)
- 1.67%
- Shareholder yield
- 23.96%
- Share count change, 1 year
- -1.3%
- Share count change, 3-year CAGR
- +13.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +3.1%
- Average 2-day reaction, last 8
- +1.3%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $4.00
- Target vs current price
- +0.5%
- Analysts with a rating
- 13
- Share rating Buy or Strong Buy
- 31%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +11.4% | +11.4% | +14.3% | +16.6% | — |
| May 7, 2026 | +5.0% | +0.0% | -4.8% | -12.6% | -22.7% |
| Feb 27, 2026 | -0.9% | -9.3% | -12.0% | -20.0% | -17.3% |
| Nov 6, 2025 | -3.0% | +4.7% | +6.3% | +11.1% | -10.0% |
| Aug 7, 2025 | -5.9% | -3.6% | +0.3% | -0.3% | -20.8% |
| May 8, 2025 | +5.9% | +7.4% | +16.2% | +18.3% | +6.4% |
| Feb 27, 2025 | +0.0% | -9.6% | -13.5% | -14.2% | -19.2% |
| Nov 6, 2024 | -10.0% | +9.6% | +10.1% | +19.6% | +16.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.22 | $0.20 | +11.4% | $40.0M |
| May 7, 2026 | $0.21 | $0.20 | +5.0% | $42.6M |
| Feb 27, 2026 | $0.26 | $0.26 | -0.9% | $43.9M |
| Nov 6, 2025 | $0.32 | $0.33 | -3.0% | $42.1M |
| Aug 7, 2025 | $0.32 | $0.34 | -5.9% | $2.5M |
| May 8, 2025 | $0.36 | $0.34 | +5.9% | $39.1M |
| Feb 27, 2025 | $0.38 | $0.38 | +0.0% | -$17.1M |
| Nov 6, 2024 | $0.36 | $0.40 | -10.0% | $70.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 6.2× | — | — | — |
| EV / EBITDA | 15.9× | — | — | Bottom 48% |
| EV / Sales | 8.00× | — | — | Bottom 14% |
| Free-cash-flow yield | 119.70% | — | — | Top 1% |
| Earnings yield | -31.91% | — | — | Bottom 5% |
P/E over the past five years
Range 4.4× – 186.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 43
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +8.5%
- 200-day average slope (20 days)
- -4.4%
- Distance from 50-day average
- +1.7%
- Distance from 200-day average
- -4.3%
- RSI (14)
- 48.8
- Relative volume
- 0.74×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 40.0%
- Volatility vs own 5-year history
- 86th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.18
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -35.7%
- Maximum drawdown, 3 years
- -74.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 8, 2021 | Jul 23, 2026 | -79.1% | 1286 days | Not yet recovered |
| Dec 7, 2020 | Jan 4, 2021 | -10.0% | 18 days | 29 days (Feb 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $333.9M
- EPS, diluted (TTM)
- -$1.27
- Revenue (TTM)
- $135.9M
- Dividend yield
- 19.10%
- 52-week range
- $3.08 – $6.25
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $165.1M | $181.0M | $209.3M | $20.8M | -$76.3M |
| Gross profit | $165.1M | $181.0M | $209.3M | -$45.4M | -$93.2M |
| Operating income | $113.5M | $127.8M | $154.6M | -$62.6M | -$22.8M |
| Net income | $133.8M | -$9.2M | $38.5M | -$63.1M | -$88.9M |
| EPS (diluted) | $2.32 | -$0.16 | $0.67 | -$0.79 | -$1.05 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.0M | -$17.1M | $39.1M | $2.5M | $42.1M | $43.9M | $9.9M | $40.0M |
| Net income | $21.6M | -$38.6M | $20.9M | -$15.9M | $24.4M | -$118.3M | -$16.3M | $1.7M |
| EPS (diluted) | $0.25 | -$0.45 | $0.25 | -$0.19 | $0.29 | -$1.39 | -$0.19 | $0.02 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$82.6M | $203.9M | $89.5M | $293.1M | $154.9M |
| Capital expenditure | $0 | $0 | $1 | $0 | $0 |
| Free cash flow | -$82.6M | $203.9M | $89.5M | $293.1M | $154.9M |
| Dividends paid | -$69.3M | -$70.5M | -$100.5M | -$122.5M | -$95.2M |
| Net share buybacks | $0 | $0 | $0 | -$4.5M | -$3.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $157.5M
- Total assets
- $1.48B
- Total liabilities
- $924.5M
- Total debt
- $910.6M
- Net debt
- $753.0M
- Shareholders’ equity
- $552.0M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 16, 2026 | $0.17 | Sep 30, 2026 |
| Jun 16, 2026 | $0.17 | Jun 30, 2026 |
| Mar 17, 2026 | $0.17 | Mar 31, 2026 |
| Dec 17, 2025 | $0.25 | Dec 31, 2025 |
| Sep 16, 2025 | $0.29 | Sep 30, 2025 |
| Jun 16, 2025 | $0.29 | Jun 30, 2025 |
| Mar 17, 2025 | $0.29 | Mar 31, 2025 |
| Dec 17, 2024 | $0.44 | Dec 31, 2024 |
Short interest
- Shares sold short
- 4,867,713
- Days to cover
- 7.88
- Change vs previous report
- +7.8%
FINRA short interest, settlement date Sep 15, 2026.