BlackRock Credit Allocation Income Trust (BTZ) Key Metrics
BTZ valuation today
Trailing 12 months · as of October 25, 2026- Market cap
- $885.6M
- Enterprise value
- $1.35B
- P/E (TTM)
- 15.3 10-yr median 10.3
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 10.2 10-yr median 10.7
- Price / book
- 0.9 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 15.7
- Dividend yield
- 10.64% $1.01 a year
- Beta
- 0.76
BTZ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTZ valuation Price multiples at each fiscal year-end price.
BTZ returns How much profit the business earns on the capital it uses.
BTZ per-share figures Results divided by the shares outstanding at year-end.
BTZ financial health Debt, liquidity and how easily interest is covered.
BTZ efficiency & capital use Working capital cycle and where the cash goes.
BTZ valuation history
BTZ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTZ cash returned to shareholders
BTZ price vs earnings per share
BTZ key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.01B | $960.5M | $963.1M | $944.4M | $1.41B | $1.38B | $1.45B | $1.29B | $1.43B | $1.40B |
| Enterprise value | $1.55B | $1.49B | $1.55B | $1.54B | $1.97B | $2.67B | $2.02B | $2.00B | $1.90B | $2.03B |
| P/E ratio | 9.9 | 15.2 | 7.3 | — | 37.3 | 8.5 | 6.9 | — | 12.1 | 10.8 |
| Price / sales | 9.2 | 9.3 | 18.3 | — | 36.4 | 8.4 | 6.8 | — | 12.0 | 18.3 |
| Price / book | 1.0 | 0.9 | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Price / free cash flow | 14.1 | 6.8 | 9.9 | 9.2 | 11.7 | 6.5 | 6.1 | — | 5.5 | 11.1 |
| Price / operating cash flow | 14.1 | 6.8 | 9.9 | 9.2 | 11.7 | 6.5 | 6.1 | — | 5.5 | 11.1 |
| EV / sales | 14.1 | 14.5 | 29.6 | — | 51.0 | 16.3 | 9.5 | — | 15.9 | 26.5 |
| EV / EBITDA | 12.2 | 15.7 | 16.6 | — | 52.3 | 16.4 | 8.9 | — | 15.3 | 15.6 |
| EV / free cash flow | 21.6 | 10.5 | 15.9 | 14.9 | 16.4 | 12.6 | 8.5 | — | 7.3 | 16.1 |
| Earnings yield | 10.1% | 6.6% | 13.7% | −29.6% | 2.7% | 11.8% | 14.4% | −3.2% | 8.3% | 9.3% |
| Free cash flow yield | 7.1% | 14.7% | 10.1% | 10.9% | 8.5% | 15.4% | 16.4% | −9.2% | 18.1% | 9.0% |
| Dividend yield | 9.3% | 9.8% | 9.8% | 10.0% | 6.7% | 6.9% | 5.9% | 6.6% | 6.3% | 7.1% |
| Shareholder yield (dividends + buybacks) | 9.3% | 9.8% | 10.0% | 10.6% | 6.7% | 18.2% | 6.8% | 9.0% | 6.9% | 7.1% |
| Share price at fiscal year-end | $10.83 | $10.46 | $10.32 | $10.10 | $15.05 | $14.71 | $13.98 | $11.18 | $13.32 | $12.97 |
| Per share | ||||||||||
| Revenue per share | $1.18 | $1.12 | $0.56 | $0.00 | $0.41 | $1.75 | $2.04 | $0.00 | $1.11 | $0.71 |
| Earnings per share | $1.10 | $0.69 | $1.42 | −$2.99 | $0.40 | $1.74 | $2.01 | −$0.36 | $1.10 | $1.20 |
| Operating cash flow per share | $0.77 | $1.54 | $1.04 | $1.10 | $1.29 | $2.27 | $2.30 | −$1.02 | $2.42 | $1.17 |
| Free cash flow per share | $0.77 | $1.54 | $1.04 | $1.10 | $1.29 | $2.27 | $2.30 | −$1.02 | $2.42 | $1.17 |
| Cash per share | $0.11 | $0.07 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| Book value per share | $11.36 | $11.45 | $11.59 | $11.19 | $15.10 | $15.71 | $14.94 | $12.50 | $14.85 | $14.61 |
| Tangible book value per share | $11.36 | $11.45 | $11.59 | $11.19 | $15.10 | $15.71 | $14.94 | $12.50 | $14.85 | $14.61 |
| Dividends per share | $1.00 | $1.02 | $1.01 | $1.01 | $1.00 | $1.02 | $0.82 | $0.74 | $0.84 | $0.93 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $5.84 | $5.84 | $6.33 | $6.35 | $6.28 | $13.90 | $5.47 | $6.21 | $4.44 | $5.91 |
| Shares outstanding | 93.3M | 91.8M | 93.3M | 93.5M | 93.5M | 93.5M | 103.9M | 115.2M | 107.6M | 108.1M |
| Change in shares outstanding | +1.6% | −1.6% | −0.2% | 0.0% | +0.0% | −10.0% | −9.8% | +7.1% | −0.4% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.7% | 5.9% | 12.4% | −22.8% | 2.6% | 10.8% | 14.0% | −2.7% | 7.5% | 8.3% |
| Return on invested capital (ROIC) | 6.3% | 4.6% | 2.8% | −11.8% | 0.8% | 3.4% | 5.8% | −1.0% | 2.9% | 6.0% |
| Return on assets (ROA) | 6.1% | 3.8% | 7.6% | −15.0% | 1.8% | 7.7% | 9.7% | −1.9% | 5.4% | 5.8% |
| Return on tangible assets | 5.8% | 4.0% | 7.5% | −16.3% | 1.9% | 7.7% | 9.8% | −1.9% | 5.6% | 5.8% |
| Free cash flow margin | 65.2% | 137.5% | 185.6% | — | 310.9% | 129.6% | 112.6% | — | 217.8% | 164.3% |
| Income quality (OCF / net income) | 0.70 | 2.23 | 0.74 | — | 3.19 | 1.30 | 1.14 | — | 2.20 | 0.97 |
| Financial health | ||||||||||
| Total debt | $544.9M | $536.0M | $590.9M | $594.0M | $587.0M | $1.30B | $568.5M | $715.1M | $478.0M | $638.5M |
| Cash & short-term investments | $10.6M | $6.5M | $1,475 | $64,077 | $22.0M | $167,836 | $804 | $69,768 | $9.2M | $9.9M |
| Net debt | $534.3M | $529.5M | $590.9M | $594.0M | $565.0M | $1.30B | $568.5M | $715.0M | $468.8M | $628.6M |
| Debt / equity | 0.51 | 0.51 | 0.55 | 0.57 | 0.42 | 0.88 | 0.37 | 0.50 | 0.30 | 0.40 |
| Debt / assets | 0.31 | 0.34 | 0.33 | 0.35 | 0.29 | 0.62 | 0.27 | 0.33 | 0.23 | 0.28 |
| Net debt / EBITDA | 4.20 | 5.58 | 6.31 | — | 14.99 | 7.99 | 2.51 | — | 3.78 | 4.84 |
| Current ratio | 0.06 | 1.59 | 0.53 | 0.46 | 2.96 | 2.78 | 4.39 | 15.35 | 1.40 | 0.08 |
| Quick ratio | 0.06 | 1.59 | 0.53 | −0.12 | 2.96 | −2.70 | −0.95 | −3.75 | −0.01 | 0.08 |
| Interest coverage | 5.1 | 3.0 | 3.0 | -27.2 | 14.4 | 28.2 | 13.1 | -2.1 | 22.2 | — |
| Working capital | −$510.5M | $2.4M | −$36.7M | −$36.8M | $16.2M | $16.0M | $20.6M | $35.1M | $7.5M | −$618.9M |
| Invested capital | $1.59B | $1.58B | $1.67B | $1.64B | $1.98B | $2.77B | $2.12B | $2.15B | $2.07B | $2.21B |
| Tangible asset value | $1.06B | $1.05B | $1.08B | $1.05B | $1.41B | $1.47B | $1.55B | $1.44B | $1.60B | $1.58B |
| Net current asset value | −$677.0M | −$536.1M | −$642.3M | −$638.9M | −$573.4M | −$616.2M | −$557.4M | −$684.3M | −$474.7M | −$619.6M |
| Graham number | $16.73 | $13.33 | $19.22 | — | $11.70 | $24.80 | $26.02 | — | $19.17 | $19.88 |
| Graham net-net per share | −$7.32 | −$5.64 | −$7.12 | −$6.71 | −$5.96 | −$6.39 | −$5.27 | −$5.82 | −$4.26 | −$5.79 |
| Capital allocation | ||||||||||
| Dividends paid | $93.6M | $94.0M | $94.1M | $94.1M | $93.7M | $95.0M | $85.4M | $85.6M | $90.7M | $100.0M |
| Share buybacks (net) | $0 | $29,565 | $1.8M | $6.0M | $0 | $155.2M | $13.0M | $30.5M | $8.8M | $0 |
| Dividend payout ratio | 91.5% | 148.3% | 71.2% | — | 248.6% | 58.4% | 40.8% | — | 76.6% | 76.9% |
| Dividends + buybacks / free cash flow | 130.9% | 66.5% | 98.5% | 97.2% | 77.9% | 117.9% | 41.3% | — | 38.3% | 79.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| R&D / revenue | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% | — | — | — |
| SG&A / revenue | 0.6% | 0.6% | 20.6% | — | 2.1% | 0.4% | 0.8% | — | 0.7% | 19.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 80.1 | 88.5 | 197.6 | — | 232.8 | 57.4 | 55.3 | — | 108.8 | 179.2 |
| Days of inventory on hand | — | — | — | 1,345.6 | — | 1,221.2 | 6,407.3 | 964.1 | 359.4 | 0.0 |
| Days payables outstanding | 2,913.0 | 1,392.7 | 866.2 | 1,304.0 | 239.7 | 225.1 | 688.9 | 278.0 | 535.8 | 370.9 |
| Cash conversion cycle (days) | -2,832.9 | -1,304.1 | -668.6 | — | -6.9 | 1,053.5 | 5,773.6 | — | -67.6 | -191.7 |
| Receivables turnover | 4.56 | 4.12 | 1.85 | 0.00 | 1.57 | 6.36 | 6.60 | 0.00 | 3.35 | 2.04 |
| Payables turnover | 0.13 | 0.26 | 0.42 | 0.28 | 1.52 | 1.62 | 0.53 | 1.31 | 0.68 | 0.98 |
| Inventory turnover | — | — | — | 0.27 | — | 0.30 | 0.06 | 0.38 | 1.02 | 28,531,486.00 |
| Asset turnover | 0.07 | 0.06 | 0.03 | 0.00 | 0.02 | 0.08 | 0.10 | 0.00 | 0.05 | 0.03 |
| Average receivables | $24.1M | $25.0M | $28.4M | $27.9M | $24.7M | $25.8M | $32.1M | $31.8M | $35.6M | $37.7M |
| Average payables | $84.0M | $41.2M | $73.2M | $38.2M | $8.6M | $7.5M | $4.3M | $10.5M | $19.5M | $14.5M |
| Average inventory | — | — | — | $39.4M | — | $40.8M | $39.6M | $36.5M | $13.1M | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BTZ's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BTZ valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BlackRock Credit Allocation Income Trust traded at 9.9 times earnings, against a 10-year median of 10.3. Based on the latest twelve months, the trailing P/E is 15.3. BlackRock Credit Allocation Income Trust earned a return on equity of 9.7% and a return on invested capital of 6.3% in fiscal 2025. It ended the year with $544.9 million of debt and $10.6 million in cash and short-term investments, net debt of $534.3 million. It returned $93.6 million to shareholders: $93.6 million in dividends and $0 in share buybacks, 131% of free cash flow. The share count fell 13.7% from 108.1M to 93.3M over 9 years.
See the BTZ income statement, the BTZ chart for price history, or the BTZ stock overview for the latest quote and news.
BTZ key metrics FAQ
What is BlackRock Credit Allocation Income Trust's P/E ratio?
BlackRock Credit Allocation Income Trust's trailing P/E ratio is 15.3 based on the last twelve months of earnings (as of October 25, 2026). At the end of fiscal 2025 it was 9.9, compared with a 10-year median of 10.3.
What is BlackRock Credit Allocation Income Trust's EV/EBITDA?
BlackRock Credit Allocation Income Trust's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $127.1 million).
What is BlackRock Credit Allocation Income Trust's return on equity?
BlackRock Credit Allocation Income Trust's return on equity (ROE) was 9.7% in fiscal 2025: net income of $102.3 million on average shareholders' equity of $1.1 billion.
What is BlackRock Credit Allocation Income Trust's ROIC?
BlackRock Credit Allocation Income Trust's return on invested capital was 6.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BlackRock Credit Allocation Income Trust have?
BlackRock Credit Allocation Income Trust had total debt of $544.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.51 and $534.3 million of net debt (4.20 times EBITDA).
What is BlackRock Credit Allocation Income Trust's dividend yield?
BlackRock Credit Allocation Income Trust's forward dividend yield is 10.64%. BlackRock Credit Allocation Income Trust paid $93.6 million in dividends in fiscal 2025 ($1.00 per share), a payout ratio of 91.5%.
What is BlackRock Credit Allocation Income Trust's free cash flow yield?
BlackRock Credit Allocation Income Trust generated $71.5 million of free cash flow in fiscal 2025, a free cash flow yield of 7.1% on its market value at year-end ($1.0 billion).
What is BlackRock Credit Allocation Income Trust's current ratio?
BlackRock Credit Allocation Income Trust's current ratio was 0.06 at the end of fiscal 2025: current assets were 0.06 times current liabilities.