BlackRock TCP Capital (TCPC) EV to FCF (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly EV to FCF came in at 1.29 in Q2 2026, up 109.87% on a YoY basis from 0.62 in Q2 2025, and down 2.23% quarter-over-quarter from 1.32 in Q1 2026.
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BlackRock TCP Capital (TCPC) EV to FCF (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has reported EV to FCF for 6 consecutive years, with 1.29 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF rose 109.87% year-over-year to 1.29; the trailing twelve-month figure through Jun 2026 stood at 0.31 (down 89.55% YoY), and the FY2025 full-year result was 2.59, up 16.97% from the prior year.
- EV to FCF slipped to 1.29 in Q2 2026 per TCPC's latest filing, from 1.32 in the prior quarter.
- Across five years, EV to FCF topped out at 75.48 in Q2 2022 and bottomed at 13.08 in Q2 2025.
- Historically, EV to FCF has averaged 11.58 across 5 years, with a median of 9.48 in 2024.
- The sharpest annual moves came in 2024 and 2025: EV to FCF soared 228.36% in 2024, then tumbled 254.88% in 2025.
- Over 5 years, EV to FCF stood at 18.75 in 2022, then dropped by 26.68% to 13.75 in 2023, then sank by 34.07% to 9.06 in 2024, then climbed by 9.3% to 9.91 in 2025, then tumbled by 86.96% to 1.29 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 1.29, 1.32, and 9.91 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - |
| 10 | BlackRock TCP Capital | 341.48 Mn | 183.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.29 |
| Mar 31, 2026 | 1.32 |
| Dec 31, 2025 | 9.91 |
| Sep 30, 2025 | 4.49 |
| Jun 30, 2025 | -13.08 |
| Mar 31, 2025 | 11.09 |
| Dec 31, 2024 | 9.06 |
| Sep 30, 2024 | 5.96 |
| Jun 30, 2024 | 8.44 |
| Mar 31, 2024 | 15.76 |
| Dec 31, 2023 | 13.75 |
| Sep 30, 2023 | 12.60 |
| Jun 30, 2023 | 11.03 |
| Mar 31, 2023 | -12.28 |
| Dec 31, 2022 | 18.75 |
| Sep 30, 2022 | 3.98 |
| Jun 30, 2022 | 75.48 |
| Mar 31, 2022 | 30.96 |
| Dec 31, 2021 | -22.81 |