BlackRock TCP Capital Corp.
TCPCFinancial ServicesNASDAQAsset Management
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Daily timeframeBlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans,. Valued at $323.0M, TCPC is a small-cap name in its sector. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.
Market Cap
$323.0M
Beta
1.03
P/E (TTM)
—
P/E (Fwd)
5.44
EPS (TTM)
$-1.49
EPS (Fwd)
$0.71
ROE
-12.9%
ROA
6.2%
Cash
$61.1M
Total Debt
$1.04B
Free CF
$52.7M
52W Change
-50.8%
Annual Financials
Cash vs Debt
On the balance sheet, TCPC has $61.1M in cash with $1.04B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $52.7M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -12.9%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $2.8M (2022) to -$77.3M (2025), a 2857% decline worth watching.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing TCPC.