Black Rock Tcp Capital Corp. - Understand $tcpc stock

$TCPC Market Cap: $798.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$148.8M

TTM

Gross Margin

111.6%

TTM

Net Earnings

-$37.90M

TTM

Current Assets

$106.2M

Q3 2024

Current Liabilities

$14.61M

Q3 2024

Current Ratio

726.79%

Q3 2024

Total Assets

$2.048B

Q3 2024

Total Liabilities

$1.182B

Q3 2024

Book Value

$865.6M

Q3 2024

Cash

$104.2M

Q3 2024

P/E

-21.07

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$106.6M	$88.44M	$165.1M	$172.1M	$195.2M	$190.5M	$176.0M	$148.2M	$146.9M	$106.6M	$69.60M	$52.20M	$54.90M	$47.80M	$27.10M	$37.20M
YoY Change	20.49%	-46.44%	-4.06%	-11.83%	2.47%	8.24%	18.76%	0.88%	37.8%	53.16%	33.33%	-4.92%	14.85%	76.38%	-27.15%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$106.6M	$88.44M	$165.1M	$172.1M	$195.2M	$190.5M	$176.0M	$148.2M	$146.9M	$106.6M	$69.60M	$52.20M	$54.90M	$47.80M	$27.10M	$37.20M
Cost Of Revenue	$73.13M	$67.05M	$68.02M	$66.30M	$72.50M	$65.80M	$55.60M	$44.80M	$38.10M	$24.10M	$11.60M	$8.100M	$8.000M	$7.900M	$8.000M	$13.80M
Gross Profit	$136.2M	$114.0M	$97.09M	$105.8M	$122.7M	$124.7M	$120.4M	$103.4M	$108.8M	$82.50M	$58.00M	$44.10M	$46.90M	$39.90M	$19.10M	$23.40M
Gross Profit Margin	127.81%	128.85%	58.8%	61.48%	62.86%	65.46%	68.41%	69.77%	74.06%	77.39%	83.33%	84.48%	85.43%	83.47%	70.48%	62.9%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$26.87M	$22.93M	$21.91M	$20.00M	$25.00M	$28.50M	$4.300M	$4.400M	$4.800M	$3.100M	$1.800M	$1.700M	$400.0K	$600.0K	$700.0K	$600.0K
YoY Change	17.19%	4.64%	9.55%	-20.0%	-12.28%	562.79%	-2.27%	-8.33%	54.84%	72.22%	5.88%	325.0%	-33.33%	-14.29%	16.67%
% of Gross Profit	19.73%	20.12%	22.57%	18.9%	20.37%	22.85%	3.57%	4.26%	4.41%	3.76%	3.1%	3.85%	0.85%	1.5%	3.66%	2.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$102.5M	$92.56M	$24.55M	$22.60M	$27.80M	$31.20M	$6.900M	$7.600M	$7.400M	$4.400M	$2.700M	$2.300M	$1.200M	$1.000M	$1.200M	$900.0K
YoY Change	10.76%	277.1%	8.61%	-18.71%	-10.9%	352.17%	-9.21%	2.7%	68.18%	62.96%	17.39%	91.67%	20.0%	-16.67%	33.33%
Operating Profit	$33.67M	$21.39M	$72.54M	$83.20M	$94.90M	$93.50M	$113.5M	$95.80M	$101.4M	$78.10M	$55.30M	$41.80M	$45.70M	$38.90M	$17.90M	$22.50M
YoY Change	57.42%	-70.52%	-12.81%	-12.33%	1.5%	-17.62%	18.48%	-5.52%	29.83%	41.23%	32.3%	-8.53%	17.48%	117.32%	-20.44%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$68.08M	-$97.66M	$67.45M	-$5.500M	-$64.30M	-$47.90M	-$22.80M	$100.0K	-$22.40M	-$27.30M	$9.100M	-$12.80M	-$38.90M	$31.60M	$36.10M	-$209.3M
YoY Change	-30.29%	-244.79%	-1326.44%	-91.45%	34.24%	110.09%	-22900.0%	-100.45%	-17.95%	-400.0%	-171.09%	-67.1%	-223.1%	-12.47%	-117.25%
% of Operating Profit	-202.2%	-456.6%	92.98%	-6.61%	-67.76%	-51.23%	-20.09%	0.1%	-22.09%	-34.96%	16.46%	-30.62%	-85.12%	81.23%	201.68%	-930.22%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$38.72M	-$9.225M	$133.8M	$71.40M	$30.60M	$45.60M	$90.60M	$95.90M	$79.00M	$50.80M	$64.40M	$29.00M	$6.700M	$70.50M	$54.10M	-$186.8M
YoY Change	-519.73%	-106.9%	87.38%	133.33%	-32.89%	-49.67%	-5.53%	21.39%	55.51%	-21.12%	122.07%	332.84%	-90.5%	30.31%	-128.96%
Income Tax	$247.3K			$0.00	$0.00	$100.0K	$0.00	$600.0K	$900.0K	$800.0K	$1.000M	$1.500M	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.64%			0.0%	0.0%	0.22%	0.0%	0.63%	1.14%	1.57%	1.55%	5.17%	0.0%	0.0%	0.0%
Net Earnings	$38.47M	-$9.225M	$133.8M	$71.40M	$30.60M	$45.50M	$90.60M	$95.40M	$78.10M	$50.00M	$63.40M	$27.50M	$6.700M	$70.50M	$54.10M	-$183.6M
YoY Change	-517.05%	-106.9%	87.38%	133.33%	-32.75%	-49.78%	-5.03%	22.15%	56.2%	-21.14%	130.55%	310.45%	-90.5%	30.31%	-129.47%
Net Earnings / Revenue	36.11%	-10.43%	81.03%	41.49%	15.68%	23.88%	51.48%	64.37%	53.17%	46.9%	91.09%	52.68%	12.2%	147.49%	199.63%	-493.55%
Basic Earnings Per Share	$0.67	-$0.16	$2.32	$1.23
Diluted Earnings Per Share	$0.67	-$0.16	$2.316M	$1.231M	$520.4K	$773.8K	$1.589M	$1.874M	$1.597M	$1.269M	$2.448M	$1.279M	$16.75M	$176.3M	$135.3M	-$459.0M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$112.2M	$82.44M	$19.55M	$20.00M	$44.80M	$27.90M	$86.60M	$53.60M	$35.60M	$27.30M	$23.00M	$18.00M	$10.80M	$7.700M	$111.5M	$11.10M
YoY Change	36.16%	321.61%	-2.24%	-55.36%	60.57%	-67.78%	61.57%	50.56%	30.4%	18.7%	27.78%	66.67%	40.26%	-93.09%	904.5%
Cash & Equivalents	$112.2M	$82.44M	$19.55M	$20.00M	$44.80M	$27.90M	$86.60M	$53.60M	$35.60M	$27.30M	$23.00M	$18.00M	$10.80M	$7.700M	$111.5M	$11.10M
Short-Term Investments
Other Short-Term Assets	$2.267M	$2.826M	$2.666M	$1.600M	$3.000M	$7.800M	$5.200M	$1.500M	$2.300M	$2.200M	$800.0K	$300.0K	$1.800M	$200.0K	$100.0K	$100.0K
YoY Change	-19.78%	6.0%	66.63%	-46.67%	-61.54%	50.0%	246.67%	-34.78%	4.55%	175.0%	166.67%	-83.33%	800.0%	100.0%	0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$114.5M	$85.26M	$22.22M	$21.60M	$47.80M	$35.70M	$91.80M	$55.10M	$37.90M	$29.50M	$23.80M	$18.30M	$12.60M	$7.900M	$111.6M	$11.20M
YoY Change	34.3%	283.74%	2.86%	-54.81%	33.89%	-61.11%	66.61%	45.38%	28.47%	23.95%	30.05%	45.24%	59.49%	-92.92%	896.43%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.555B	$1.610B	$1.841B	$1.630B	$1.650B	$1.597B	$1.515B	$1.315B	$1.183B	$1.147B	$766.3M	$517.7M	$379.0M	$453.0M	$343.1M	$348.5M
YoY Change	-3.4%	-12.58%	12.98%	-1.21%	3.27%	5.47%	15.17%	11.17%	3.17%	49.62%	48.02%	36.6%	-16.34%	32.03%	-1.55%
Other Assets	$3.672M	$3.597M	$4.787M	$5.000M	$5.500M	$4.800M	$3.300M	$3.800M	$5.400M	$7.700M	$3.000M	$700.0K	$1.100M	$1.600M	$2.000M	$2.500M
YoY Change	2.07%	-24.85%	-4.27%	-9.09%	14.58%	45.45%	-13.16%	-29.63%	-29.87%	156.67%	328.57%	-36.36%	-31.25%	-20.0%	-20.0%
Total Long-Term Assets	$1.584B	$1.634B	$1.872B	$1.650B	$1.674B	$1.624B	$1.538B	$1.333B	$1.201B	$1.176B	$779.5M	$530.9M	$390.9M	$465.7M	$351.1M	$357.0M
YoY Change	-3.05%	-12.71%	13.43%	-1.43%	3.11%	5.61%	15.39%	10.93%	2.11%	50.92%	46.83%	35.81%	-16.06%	32.64%	-1.65%
Total Assets	$1.699B	$1.719B	$1.894B	$1.672B	$1.722B	$1.660B	$1.629B	$1.388B	$1.239B	$1.206B	$803.3M	$549.2M	$403.5M	$473.6M	$462.7M	$368.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$13.13M	$11.30M	$12.33M	$11.60M	$13.10M	$10.60M	$9.600M	$7.600M	$6.800M	$4.700M	$3.600M	$2.800M	$1.100M	$600.0K	$500.0K	$1.200M
YoY Change	16.2%	-8.36%	6.28%	-11.45%	23.58%	10.42%	26.32%	11.76%	44.68%	30.56%	28.57%	154.55%	83.33%	20.0%	-58.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$19.78M	$22.21M	$47.63M	$50.60M	$31.60M	$16.80M	$26.10M	$19.90M	$13.20M	$6.700M	$18.30M	$24.60M	$1.900M	$24.80M	$20.00M	$2.700M
YoY Change	-10.94%	-53.37%	-5.88%	60.13%	88.1%	-35.63%	31.16%	50.76%	97.01%	-63.39%	-25.61%	1194.74%	-92.34%	24.0%	640.74%
Long-Term Debt	$985.2M	$944.0M	$1.012B	$850.0M	$907.8M	$805.2M	$725.2M	$571.7M	$498.2M	$328.7M	$95.00M	$74.00M	$29.00M	$50.00M	$75.00M	$34.00M
YoY Change	4.36%	-6.76%	19.11%	-6.37%	12.74%	11.03%	26.85%	14.75%	51.57%	246.0%	28.38%	155.17%	-42.0%	-33.33%	120.59%
Other Long-Term Liabilities	$6.192M	$6.382M	$4.685M	$6.400M	$6.300M	$7.100M	$7.400M	$5.000M	$5.700M	$4.800M	$4.800M	$100.0K	$200.0K	$300.0K	$400.0K	$500.0K
YoY Change	-2.98%	36.24%	-26.8%	1.59%	-11.27%	-4.05%	48.0%	-12.28%	18.75%	0.0%	4700.0%	-50.0%	-33.33%	-25.0%	-20.0%
Total Long-Term Liabilities	$991.4M	$950.4M	$1.017B	$856.4M	$914.1M	$812.3M	$732.6M	$576.7M	$503.9M	$333.5M	$99.80M	$74.10M	$29.20M	$50.30M	$75.40M	$34.50M
YoY Change	4.31%	-6.56%	18.77%	-6.31%	12.53%	10.88%	27.03%	14.45%	51.09%	234.17%	34.68%	153.77%	-41.95%	-33.29%	118.55%
Total Liabilities	$1.011B	$972.6M	$1.065B	$907.0M	$945.8M	$829.1M	$758.7M	$596.7M	$517.1M	$340.2M	$118.0M	$98.70M	$31.10M	$75.10M	$95.40M	$37.20M
YoY Change	3.97%	-8.66%	17.4%	-4.1%	14.08%	9.28%	27.15%	15.39%	52.0%	188.31%	19.55%	217.36%	-58.59%	-21.28%	156.45%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	57.77M	57.77M	57.77M	57.99M	58.77M	58.82M
Diluted Shares Outstanding	57.77M	57.77M	57.77M	57.99M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $798.57 Million

About BlackRock TCP Capital Corp.

Blackrock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The company is headquartered in Santa Monica, California. The company went IPO on 2012-04-04. The Company’s investment objective is to achieve high total returns through current income and capital appreciation. The firm invests primarily in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. The company invests in various industries, including airlines, automobiles, building products, capital markets, commercial services and supplies, communications equipment, construction and engineering, consumer finance, containers and packaging, distributors, diversified consumer services, diversified financial services, diversified telecommunication services, electric utilities, and others. Its investment portfolio consisted of 142 portfolio companies and is invested in debt investments, primarily in senior secured debt.

Industry: UNKNOWN Peers: Associated Capital Group, Inc. Bain Capital Specialty Finance, Inc. Blackstone Inc. Acadian Asset Management Inc. Carlyle Secured Lending, Inc. WisdomTree, Inc. Sculptor Capital Management, Inc. PennantPark Floating Rate Capital Ltd. Pzena Investment Management, Inc. SLR Investment Corp.