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BlackRock TCP CapitalTCPC -2.86%24 Return-on-Tangible-Equity is 1.25% as of Jun. 2026, which is 77% below its 10-year median of 5.36. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 1,590 Asset Management companies, BlackRock TCP Capital ranks worse than 90.31% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. BlackRock TCP Capital's annualized net income for the quarter that ended in Jun. 2026 was $7.00 Mil. BlackRock TCP Capital's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $558.56 Mil. Therefore, BlackRock TCP Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 1.25%.
The historical rank and industry rank for BlackRock TCP Capital's Return-on-Tangible-Equity or its related term are showing as below:
TCPC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.97 Med: 5.36 Max: 16.78
Current: -16.97
During the past 13 years, BlackRock TCP Capital's highest Return-on-Tangible-Equity was 16.78%. The lowest was -16.97%. And the median was 5.36%.
TCPC's Return-on-Tangible-Equity is ranked worse than 90.31% of 1590
companies
in the Asset Management industry
Industry Median: 7.525
vs TCPC: -16.97
BlackRock TCP Capital (NAS:TCPC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
BlackRock TCP Capital Return-on-Tangible-Equity Related Terms
BlackRock TCP Capital Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BlackRock TCP Capital's Return-on-Tangible-Equity 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.
BlackRock TCP Capital Return-on-Tangible-Equity Chart
TCPC vs EOT, XFLT, TDF: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, BlackRock TCP Capital's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.25% mean?
BlackRock TCP Capital (TCPC) has a Return-on-Tangible-Equity of 1.25% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock TCP Capital and its competitors. This is 77% below median its historical median of 5.36. According to the industry distribution chart, BlackRock TCP Capital ranks #1436 out of 1590 companies in the Asset Management industry, placing it in the top 90.3%.
Is BlackRock TCP Capital's Return-on-Tangible-Equity too high?
BlackRock TCP Capital's current Return-on-Tangible-Equity of 1.25% is 77% below median its 10-year median of 5.36. The Asset Management industry median Return-on-Tangible-Equity is 7.53. BlackRock TCP Capital's value of 1.25% is 83.4% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #1436 out of 1590 companies in the Asset Management industry, which is in the bottom quartile 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 Return-on-Tangible-Equity compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #1436 out of 1590 companies for Return-on-Tangible-Equity. This places BlackRock TCP Capital in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.53. BlackRock TCP Capital's value of 1.25% is 83.4% below this benchmark. While the company's 10-year median is 5.36 vs. the industry median of 7.53, 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 Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.53, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current Return-on-Tangible-Equity of 1.25% is 83.4% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock TCP Capital and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Return-on-Tangible-Equity is 1.25%, which is 77% below median its own 10-year median of 5.36. 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 Return-on-Tangible-Equity of 1.25%. The current Return-on-Tangible-Equity is 1.25%, which is 77% below median its 10-year median of 5.36 and 83.4% below the Asset Management industry median of 7.53. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For BlackRock TCP Capital (TCPC), the current Return-on-Tangible-Equity is 1.25% 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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