BlackRock TCP Capital (TCPC) FCF Payout Ratio (2021 - 2026)

BlackRock TCP Capital (TCPC) reported FCF Payout Ratio of 0.09 for Q1 2026, down 80.85% on a YoY basis from 0.47 in Q1 2025, and down 82.78% quarter-over-quarter from 0.52 in Q4 2025.

BlackRock TCP Capital (TCPC) FCF Payout Ratio (2021 - 2026) Analysis & Trends

BlackRock TCP Capital has reported FCF Payout Ratio for 6 years, with the latest figure at 0.09 in Q1 2026.

  • For the quarter ending Q1 2026, FCF Payout Ratio fell 80.85% year-over-year to 0.09; the trailing twelve-month figure through Mar 2026 stood at 0.32 (down 27.66% YoY), and the FY2025 full-year result was 0.61, up 46.95% from the prior year.
  • FCF Payout Ratio for Q1 2026 stood at 0.09, down from 0.52 in the prior quarter.
  • The five-year high for FCF Payout Ratio was 1.81 in Q2 2022, with the low at 0.59 in Q2 2025.
  • Historically, FCF Payout Ratio has averaged 0.4 across 5 years, with a median of 0.47 in 2025.
  • Annual changes were most pronounced in 2023 — FCF Payout Ratio jumped 316.46% — and 2025, when it sank 204.45%.
  • BlackRock TCP Capital's FCF Payout Ratio stood at 0.52 in 2022, then soared by 62.17% to 0.85 in 2023, then plunged by 38.18% to 0.52 in 2024, then declined by 0.0% to 0.52 in 2025, then slumped by 82.78% to 0.09 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.09 (Q1 2026), 0.52 (Q4 2025), and 0.24 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - 0.37
3 Kkr 86.45 Bn 133.96 Bn - 0.10
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 0.18
5 State Street 46.95 Bn 21.27 Bn - -0.02
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.34
7 Northern Trust 31.92 Bn 31.92 Bn - -0.45
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.10
9 Ares Management 29.04 Bn 32.41 Bn - 0.21
10 BlackRock TCP Capital 287.16 Mn 193.90 Mn - 0.09

Historic Data

Download Data
DateValue
Mar 31, 2026 0.09
Dec 31, 2025 0.52
Sep 30, 2025 0.24
Jun 30, 2025 -0.59
Mar 31, 2025 0.47
Dec 31, 2024 0.52
Sep 30, 2024 0.29
Jun 30, 2024 0.56
Mar 31, 2024 0.22
Dec 31, 2023 0.85
Sep 30, 2023 0.55
Jun 30, 2023 0.43
Mar 31, 2023 -0.53
Dec 31, 2022 0.52
Sep 30, 2022 0.13
Jun 30, 2022 1.81
Mar 31, 2022 0.65
Dec 31, 2021 -0.52