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BlackRock TCP CapitalTCPC -2.86%24 Net Margin % is 23.99% as of Jun. 2026, which is 72% below its 10-year median of 84.59. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 1,568 Asset Management companies, BlackRock TCP Capital ranks better than 88.97% on this metric.
BlackRock TCP Capital (NAS:TCPC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
BlackRock TCP Capital Net Margin % Related Terms
BlackRock TCP Capital Net Margin % Historical Data
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The historical data trend for BlackRock TCP Capital's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, BlackRock TCP Capital's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock TCP Capital Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Net Margin % distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock TCP Capital (TCPC) has a Net Margin % of 23.99% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on BlackRock TCP Capital and its competitors. This is 72% below median its historical median of 84.59. According to the industry distribution chart, BlackRock TCP Capital ranks #173 out of 1568 companies in the Asset Management industry, placing it in the top 11%.
Is BlackRock TCP Capital's Net Margin % too high?
BlackRock TCP Capital's current Net Margin % of 23.99% is 72% below median its 10-year median of 84.59. The Asset Management industry median Net Margin % is 85.78. BlackRock TCP Capital's value of 23.99% is 72% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #173 out of 1568 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Net Margin % compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #173 out of 1568 companies for Net Margin %. This places BlackRock TCP Capital in the top 11% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.78. BlackRock TCP Capital's value of 23.99% is 72% below this benchmark. While the company's 10-year median is 84.59 vs. the industry median of 85.78, BlackRock TCP Capital has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 85.78, based on 1,568 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current Net Margin % of 23.99% is 72% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on BlackRock TCP Capital and its competitors. For the Asset Management industry, the median Net Margin % is 85.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Net Margin % is 23.99%, which is 72% below median its own 10-year median of 84.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Net Margin % of 23.99%. The current Net Margin % is 23.99%, which is 72% below median its 10-year median of 84.59 and 72% below the Asset Management industry median of 85.78. BlackRock TCP Capital's overall GF Score™ is 24/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For BlackRock TCP Capital (TCPC), the current Net Margin % is 23.99% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
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