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| Date | Value |
|---|---|
| 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 |