BlackRock Capital Allocation Trust
NYSE: BCAT · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-05
BlackRock Capital Allocation Trust (BCAT) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | $2.40B | $767.27M | $2.25B | $2.05B | $1.92B | $1.97B |
| Cash & equivalents | $189437.00 | $696393.00 | $4.10M | $6.93M | $6.30M | $6.75M |
| Current assets | $13.83M | $19.83M | $158.58M | $37.16M | $6.30M | $6.75M |
| Total liabilities | $36.07M | $767.27M | $431.98M | $194.62M | $203.05M | $370.43M |
| Current liabilities | $36.07M | $58.91M | $267.23M | $175.16M | — | $277.11M |
| Long-term debt | — | — | — | — | — | — |
| Shareholder equity | $2.35B | $0.00 | $1.82B | $1.85B | $1.72B | $1.60B |
| Retained earnings | $116.81M | — | $-280.89M | $-137.03M | $-274264.00 | $186.24M |
| Accounts receivable | $13.64M | $19.83M | $154.46M | $30.22M | $11.13M | — |
| Inventory | — | — | — | $30.24M | — | — |
| Goodwill | — | — | — | — | — | — |
Frequently asked questions
How profitable is BCAT?
In its most recent fiscal year, BCAT ran a gross margin of 99.37%, an operating margin of 98.65%, and a net margin of 98.65%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BCAT generate?
BCAT produced $329.51M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BCAT's balance sheet healthy?
BCAT holds $6.75M in cash and equivalents against — in long-term debt, on $1.60B of shareholder equity. That debt is best read against the cash flow the business throws off each year.