BlackRock TCP Capital Past Earnings Performance
Past criteria checks 2/6
BlackRock TCP Capital has been growing earnings at an average annual rate of 2.9%, while the Capital Markets industry saw earnings growing at 10% annually. Revenues have been growing at an average rate of 0.02% per year. BlackRock TCP Capital's return on equity is 5.6%, and it has net margins of 18.4%.
Key information
2.9%
Earnings growth rate
3.0%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 0.02% |
| Return on equity | 5.6% |
| Net Margin | 18.4% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
BlackRock TCP Capital Corp.: 13% Yield, Upcoming Merger
Mar 10BlackRock TCP Capital: Rating Downgrade After Q4 Results
Mar 01BlackRock TCP Capital: 11% Covered Yield, But There Are Risks
Feb 01BlackRock TCP Capital: A Great, Well-Covered 10.3% Yield
Sep 26BlackRock TCP Capital Q2 2022 Earnings Preview
Aug 02BlackRock TCP Q1 Update: Income Jumps, Valuation Converges With Sector
May 19BlackRock TCP Capital: All The Positive Results Are Already Priced In
Apr 06BlackRock TCP Capital: 9% Yield, Get Your Marshmallow Now
Jan 18TCPC: Undervalued BDC With Income Tailwinds
Sep 28BlackRock TCP Capital: 8% Yield, Good Dividend Coverage, NAV Up 15%
May 08BlackRock TCP Capital EPS beats by $0.29, misses on revenue
May 05BlackRock TCP Capital Corp.: 10% Yield, 6% Discount
Nov 29BlackRock TCP Capital Corp 2020 Q3 - Results - Earnings Call Presentation
Nov 09BlackRock TCP Capital declares $0.30 dividend
Nov 02Revenue & Expenses BreakdownBeta
How BlackRock TCP Capital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 209 | 38 | 55 | 0 |
| 30 Sep 23 | 205 | 4 | 54 | 0 |
| 30 Jun 23 | 199 | 17 | 54 | 0 |
| 31 Mar 23 | 189 | 1 | 54 | 0 |
| 31 Dec 22 | 181 | -9 | 53 | 0 |
| 30 Sep 22 | 174 | 71 | 52 | 0 |
| 30 Jun 22 | 168 | 56 | 52 | 0 |
| 31 Mar 22 | 166 | 111 | 52 | 0 |
| 31 Dec 21 | 165 | 134 | 52 | 0 |
| 30 Sep 21 | 168 | 149 | 52 | 0 |
| 30 Jun 21 | 169 | 185 | 52 | 0 |
| 31 Mar 21 | 172 | 176 | 52 | 0 |
| 31 Dec 20 | 172 | 71 | 48 | 0 |
| 30 Sep 20 | 177 | 22 | 48 | 0 |
| 30 Jun 20 | 186 | -6 | 49 | 0 |
| 31 Mar 20 | 189 | -63 | 49 | 0 |
| 31 Dec 19 | 195 | 31 | 54 | 0 |
| 30 Sep 19 | 196 | 31 | 55 | 0 |
| 30 Jun 19 | 194 | 27 | 56 | 0 |
| 31 Mar 19 | 194 | 42 | 57 | 0 |
| 31 Dec 18 | 190 | 45 | 57 | 0 |
| 30 Sep 18 | 189 | 60 | 50 | 0 |
| 30 Jun 18 | 183 | 60 | 43 | 0 |
| 31 Mar 18 | 181 | 76 | 36 | 0 |
| 31 Dec 17 | 176 | 68 | 29 | 0 |
| 30 Sep 17 | 168 | 77 | 29 | 0 |
| 30 Jun 17 | 164 | 83 | 28 | 0 |
| 31 Mar 17 | 153 | 84 | 28 | 0 |
| 31 Dec 16 | 148 | 76 | 27 | 0 |
| 30 Sep 16 | 148 | 55 | 26 | 0 |
| 30 Jun 16 | 145 | 52 | 26 | 0 |
| 31 Mar 16 | 149 | 52 | 27 | 0 |
| 31 Dec 15 | 147 | 59 | 27 | 0 |
| 30 Sep 15 | 139 | 50 | 25 | 0 |
| 30 Jun 15 | 131 | 44 | 23 | 0 |
| 31 Mar 15 | 117 | 35 | 20 | 0 |
| 31 Dec 14 | 107 | 35 | 19 | 0 |
| 30 Sep 14 | 95 | 56 | 17 | 0 |
| 30 Jun 14 | 86 | 57 | 16 | 0 |
| 31 Mar 14 | 75 | 55 | 14 | 0 |
| 31 Dec 13 | 70 | 50 | 12 | 0 |
| 30 Sep 13 | 66 | 42 | 11 | 0 |
| 30 Jun 13 | 61 | 39 | 11 | 0 |
Quality Earnings: TCPC has a large one-off loss of $68.1M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: TCPC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TCPC's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: TCPC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TCPC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2.3%).
Return on Equity
High ROE: TCPC's Return on Equity (5.6%) is considered low.