stockrowHercules Capital, Inc.
HTGC Financial Asset Management
Hercules Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $532.5 million, up 7.88% from fiscal 2024.
- Revenue
- +1.46%
- EPS
- −24.2%
- Free cash flow
- −5,073.1%
- Total debt
- +18.6%
Quarter to September 2026, against a year earlier
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Hercules Capital, Inc. (HTGC) Free cash flow margin
Hercules Capital, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −27.1%, up 52.9 percentage points from fiscal 2025 (−80.0%). Over the past ten years it has ranged from −132.1% (fiscal 2022) to 72.3% (fiscal 2020); the current reading is higher than 36% of that period. That is below the Asset Management industry median of 5.96% and below the Financial sector median of 11.4%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −80.0% | (55.91) |
| FY2024 | −24.1% | (38.70) |
| FY2023 | 14.6% | 146.72 |
| FY2022 | −132.1% | (177.83) |
| FY2021 | 45.7% | (26.55) |
| FY2020 | 72.3% | 162.35 |
| FY2019 | −90.1% | 30.01 |
| FY2018 | −120.1% | (110.29) |
| FY2017 | −9.78% | 69.42 |
| FY2016 | −79.2% | (6.30) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| FSK FS KKR Capital Corp. compare | 131.1% |
| GBDC Golub Capital BDC, Inc. compare | 114.9% |
| SII Sprott Inc. compare | 34.9% |
| WT WisdomTree, Inc. compare | 30.7% |
| APAM Artisan Partners Asset Management Inc. compare | 26.0% |
| AAMI Acadian Asset Management Inc. compare | 0.00% |
| AB AllianceBernstein Holding L.P. compare | 0.00% |
| HTGC Hercules Capital, Inc. | −27.1% |
| ASST Strive, Inc. compare | −17,270.5% |
| Asset Management industry median | 5.96% |
| Financial sector median | 11.4% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on HTGC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement