BlackRock TCP Capital (TCPC) Free Cash Flow (2021 - 2026)

BlackRock TCP Capital posted quarterly Free Cash Flow of $159.1 million for Q1 2026, up 203.08% year-on-year from $52.5 million in Q1 2025, and up 292.6% on a QoQ basis from $40.5 million in Q4 2025.

BlackRock TCP Capital (TCPC) has 6 years of Free Cash Flow data on file, last reported at $159.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 203.08% year-over-year to $159.1 million; the trailing twelve-month figure through Mar 2026 stood at $261.5 million (down 16.23% YoY), and the FY2025 full-year result was $154.9 million, down 47.15% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $159.1 million, up from $40.5 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $159.1 million in Q1 2026 and bottomed at -$41.9 million in Q2 2025.
  • The 5-year median for Free Cash Flow is $46.0 million (2023), against an average of $53.2 million.
  • Peak annual rise in Free Cash Flow reached 379.48% in 2023, while the deepest fall reached 251.48% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $35.5 million in 2022, then grew by 13.69% to $40.3 million in 2023, then soared by 77.69% to $71.7 million in 2024, then tumbled by 43.44% to $40.5 million in 2025, then soared by 292.6% to $159.1 million in 2026.
  • The last three Free Cash Flow figures came in at $159.1 million (Q1 2026), $40.5 million (Q4 2025), and $103.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 BlackRock TCP Capital 332.70 Mn 239.44 Mn - 159.13 Mn

Historic Data

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DateValue
Mar 31, 2026 159.13 Mn
Mar 31, 2026 159.13 Mn
Dec 31, 2025 40.53 Mn
Dec 31, 2025 40.53 Mn
Sep 30, 2025 103.74 Mn
Sep 30, 2025 103.74 Mn
Jun 30, 2025 -41.86 Mn
Jun 30, 2025 -41.86 Mn
Mar 31, 2025 52.50 Mn
Mar 31, 2025 52.50 Mn
Dec 31, 2024 71.66 Mn
Dec 31, 2024 71.66 Mn
Sep 30, 2024 101.63 Mn
Sep 30, 2024 101.63 Mn
Jun 30, 2024 86.42 Mn
Jun 30, 2024 86.42 Mn
Mar 31, 2024 33.41 Mn
Mar 31, 2024 33.41 Mn
Dec 31, 2023 40.33 Mn
Dec 31, 2023 40.33 Mn
Sep 30, 2023 46.56 Mn
Sep 30, 2023 46.56 Mn
Jun 30, 2023 45.98 Mn
Jun 30, 2023 45.98 Mn
Mar 31, 2023 -40.42 Mn
Mar 31, 2023 -40.42 Mn
Dec 31, 2022 35.47 Mn
Dec 31, 2022 35.47 Mn
Sep 30, 2022 132.21 Mn
Sep 30, 2022 132.21 Mn
Jun 30, 2022 9.59 Mn
Jun 30, 2022 9.59 Mn
Mar 31, 2022 26.68 Mn
Mar 31, 2022 26.68 Mn
Dec 31, 2021 -33.35 Mn
Dec 31, 2021 -33.35 Mn