Is TCPC a good stock to buy right now?

Based on our 6-factor quantitative model, BlackRock TCP Capital Corp. (TCPC) receives a "Reduce" rating with a composite score of 36.0/100. It is ranked #3,727 out of 4,446 stocks. Key factor scores: Quality 33/100, Value 38/100, Momentum 17/100. The timing signal is "Bearish". This is quantitative analysis only — not investment advice.

What is the stock rating for TCPC?

BlackRock TCP Capital Corp. (TCPC) has a "Reduce" rating and 2-star score. The composite score of 36.0 ranks it #3,727 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is TCPC in?

BlackRock TCP Capital Corp. operates in the Financials sector (Financial Services industry) with a market cap of $299 million. It is classified as a micro-cap stock.

Does TCPC pay a dividend?

Yes, TCPC pays a dividend with a current yield of 21.13%. The Financials sector average yield is 2.48%. For every $1,000 invested, you would receive approximately $211.30 in annual dividend income.

What is TCPC's P/E ratio?

TCPC has a trailing P/E ratio of 6.20x. The Financials sector average is 14.9x. This below-average P/E may indicate the stock is undervalued.

How profitable is TCPC?

TCPC's quality factor score is 33/100. Gross margin: 100.0%. ROE: 8.5% vs sector average 8.5%. High margins suggest pricing power and competitive moats.

How is TCPC valued compared to peers?

TCPC's value factor score is 38/100 (higher = cheaper). Key multiples: P/E 6.2x, EV/EBITDA 103.1x. Trading at a premium relative to peers.

What is TCPC's debt level?

TCPC's debt-to-equity ratio is 173%. Sector average: 121%. Elevated leverage increases credit risk.

TCPC has a beta of 0.77, meaning it is less volatile than the market. Stability score: 62/100.

Does TCPC have high short interest?

TCPC's short interest factor score is 64/100 (higher = less short selling). Moderate short interest.

TCPC Stock Analysis: Top Micro-Cap Reduce (Score 36.0/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
TCPC	+0.26%	+6.67%	+2.13%	-29.80%	-42.69%	-	-	-
Industry Proxy XLF	-1.09%	+2.50%	+1.42%	-7.30%	+10.59%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+0.33%	+3.06%	+1.79%	-29.44%	-72.21%	-	-	-
Alpha vs Sector	+1.35%	+4.16%	+0.71%	-22.50%	-53.27%	-	-	-

Metric	TCPC	Benchmark
P/E Ratio	6.2x	-58%
EV/EBITDA	103.1x	+3063%
Price / Book	0.5x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
WTM WHITE MOUNTAINS INSURANCE GROUP LTD	63	80	79	54	8.9x	10.1%	96.3%	20.1%	1.6%	14.0x	$5.4B	VS
OPY OPPENHEIMER HOLDINGS INC	63	68	79	63	10.4x	9.9%	0.0%	6.5%	37.5%	273.0x	$959M	VS
ACT Enact Holdings, Inc.	62	81	76	52	8.7x	12.7%	88.5%	55.0%	4.2%	14.0x	$5.7B	VS
IGIC International General Insurance Holdings Ltd.	61	74	93	50	8.6x	82.6%	59.9%	25.1%	-	0.0x	$1.1B	VS
PKBK PARKE BANCORP, INC.	60	60	77	65	9.8x	10.5%	-	24.8%	20.9%	593.0x	$335M	VS
SSSS SURO CAPITAL CORP.	60	89	33	65	4.7x	30.9%	0.0%	-752.0%	-48.3%	34.0x	$290M	VS
CB Chubb Ltd	59	67	71	52	12.8x	12.5%	0.0%	16.6%	15.6%	20.0x	$128.0B	VS
RRBI RED RIVER BANCSHARES INC	59	59	69	68	15.0x	11.0%	0.0%	27.5%	13.3%	818.0x	$607M	VS
UFCS UNITED FIRE GROUP INC	59	64	78	58	9.8x	10.6%	100.0%	7.3%	17.5%	308.0x	$936M	VS
SPFI SOUTH PLAINS FINANCIAL, INC.	58	59	73	55	12.8x	11.0%	0.0%	21.7%	9.0%	807.0x	$690M	VS
TCPC BlackRock TCP Capital Corp.	36	33	38	17	6.2x	8.5%	100.0%	40.1%	-23.8%	173.0x	$299M

Key Ratio	TTM	2025	2024	2023	2022	2021
Gross Margin %	1.0%	-	-483.6%	-	-	0.7%
Operating Margin %	0.1%	0.2%	583.6%	0.0%	-0.0%	0.3%
EBITDA Margin %	0.1%	0.2%	-211.7%	0.0%	-0.0%	0.3%
Net Margin %	0.4%	-0.8%	-651.2%	0.4%	-0.1%	0.6%
FCF Margin %	216.0%	-	799.1%	-	-	58.6%
ROE %	0.1%	-0.1%	0.3%	0.1%	-0.0%	0.2%
ROA %	0.0%	-0.1%	0.1%	0.0%	-0.0%	0.1%
ROIC %	0.0%	0.8%	-8.6%	0.2%	-0.2%	6.1%

Line Item	TTM	2025	2024	2023	2022	2021
	$121M	$109M	-$34M	$107M	$88M	$221M
	—	—	$163M	—	—	$158M
Gross Margin	100.0%	---	-483.6%	---	---	71.5%
	—	—	$111M	—	—	-$68M
Total Operating Expenses	—	$92M	—	$103M	$93M	—
	$13M	$17M	-$197M	$4M	-$4M	$63M
EBIT	$13M	$17M	-$197M	$4M	-$4M	$63M
EBITDA	$13M	$17M	$72M	$4M	-$4M	$61M
Operating Margin	11.3%	15.7%	583.6%	3.8%	-4.7%	28.5%
EBITDA Margin	10.8%	15.7%	---	3.8%	-4.7%	27.6%
	—	—	$72M	—	—	$0
	—	-$89M	—	$38M	-$9M	—
	$51M	-$89M	$220M	$38M	-$9M	$134M
Net Margin	40.1%	-81.5%	-651.2%	36.1%	-10.4%	60.7%
	$-1.05	$-1.05	$-0.79	$0.67	$-0.16	$2.32
Diluted EPS	$-1.05	$-1.05	$-0.79	$0.67	$-0.16	$2.32
Weighted Avg Basic	—	85M	—	58M	58M	—
Weighted Avg Diluted	—	85M	—	58M	58M	—

BlackRock TCP Capital Corp. (TCPC) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does BlackRock TCP Capital Corp. Do?

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. 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. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake. BlackRock TCP Capital Corp. (TCPC) is classified as a micro-cap stock in the Financials sector, specifically within the Financial Services industry. The company is led by CEO Rajneesh Vig, headquartered in Santa Monica, California. With a market capitalization of $299M, TCPC is one of the notable companies in the Financials sector.

BlackRock TCP Capital Corp. (TCPC) Stock Rating — Reduce (April 2026)

As of April 2026, BlackRock TCP Capital Corp. receives a Reduce rating with a composite score of 36.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.TCPC ranks #3,727 out of 4,446 stocks in our coverage universe. Within the Financials sector, BlackRock TCP Capital Corp. ranks #823 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TCPC Stock Price and 52-Week Range

BlackRock TCP Capital Corp. (TCPC) currently trades at $3.82. The stock lost $0.01 (0.3%) in the most recent trading session. The 52-week high for TCPC is $8.11, which means the stock is currently trading -52.9% from its annual peak. The 52-week low is $3.47, putting the stock 10.1% above its annual trough. Recent trading volume was 629K shares, suggesting relatively thin trading activity.

Is TCPC Overvalued or Undervalued? — Valuation Analysis

BlackRock TCP Capital Corp. (TCPC) carries a value factor score of 38/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 6.20x, compared to the Financials sector average of 14.88x — a discount of 58%. The price-to-book ratio stands at 0.53x, versus the sector average of 1.22x. The price-to-sales ratio is 2.61x, compared to 0.90x for the average Financials stock. On an enterprise value basis, TCPC trades at 103.11x EV/EBITDA, versus 3.26x for the sector.

At current multiples, BlackRock TCP Capital Corp. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

BlackRock TCP Capital Corp. Profitability — ROE, Margins, and Quality Score

BlackRock TCP Capital Corp. (TCPC) earns a quality factor score of 33/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 8.5%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 3.1% versus the sector average of 1.2%.

On a margin basis, BlackRock TCP Capital Corp. reports gross margins of 100.0%. The operating margin is 11.3% (sector: 21.8%). Net profit margin stands at 40.1%, versus 17.7% for the average Financials stock. Revenue growth is running at -23.8% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TCPC Debt, Balance Sheet, and Financial Health

BlackRock TCP Capital Corp. has a debt-to-equity ratio of 173.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.57x, suggesting adequate working capital coverage. Total debt on the balance sheet is $1.04B. Cash and equivalents stand at $61M.

TCPC has a beta of 0.77, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for BlackRock TCP Capital Corp. is 62/100, reflecting average volatility within the normal range for its sector.

BlackRock TCP Capital Corp. Revenue and Earnings History — Quarterly Trend

In TTM 2026, BlackRock TCP Capital Corp. reported revenue of $121M and earnings per share (EPS) of $-1.05. Net income for the quarter was $51M. Gross margin was 100.0%. Operating income came in at $13M.

In FY 2025, BlackRock TCP Capital Corp. reported revenue of $109M and earnings per share (EPS) of $-1.05. Net income for the quarter was $-89M. Revenue grew 422.9% year-over-year compared to FY 2024. Operating income came in at $17M.

In Q3 2025, BlackRock TCP Capital Corp. reported revenue of $27M and earnings per share (EPS) of $0.29. Net income for the quarter was $24M. Revenue grew -19.5% year-over-year compared to Q3 2024. Operating income came in at $4M.

In Q2 2025, BlackRock TCP Capital Corp. reported revenue of $28M and earnings per share (EPS) of $-0.19. Net income for the quarter was $-16M. Revenue grew -23.0% year-over-year compared to Q2 2024. Operating income came in at $4M.

Over the past 8 quarters, BlackRock TCP Capital Corp. has demonstrated a growth trajectory, with revenue expanding from $36M to $121M. Investors analyzing TCPC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TCPC Dividend Yield and Income Analysis

BlackRock TCP Capital Corp. (TCPC) currently pays a dividend yield of 21.1%. At this yield, a $10,000 investment in TCPC stock would generate approximately $$2113.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning TCPC offers above-average income for its sector. With a net margin of 40.1%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.

TCPC Momentum and Technical Analysis Profile

BlackRock TCP Capital Corp. (TCPC) has a momentum factor score of 17/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 64/100 reflects moderate short selling activity.

TCPC vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, BlackRock TCP Capital Corp. (TCPC) ranks #823 out of 891 stocks based on the Blank Capital composite score. This places TCPC in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing TCPC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TCPC vs S&P 500 (SPY) comparison to assess how BlackRock TCP Capital Corp. stacks up against the broader market across all factor dimensions.

TCPC Next Earnings Date

No upcoming earnings date has been announced for BlackRock TCP Capital Corp. (TCPC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TCPC? — Investment Thesis Summary

The quantitative profile for BlackRock TCP Capital Corp. suggests caution. The quality score of 33/100 flags below-average profitability. The value score of 38/100 indicates premium valuation. Momentum is weak at 17/100, a headwind for near-term performance. Low volatility (stability score 62/100) reduces downside risk.

In summary, BlackRock TCP Capital Corp. (TCPC) earns a Reduce rating with a composite score of 36.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TCPC stock.

Related Resources for TCPC Investors

Explore more research and tools: TCPC vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TCPC head-to-head with peers: TCPC vs WTM, TCPC vs OPY, TCPC vs ACT.

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