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) Net margin
Hercules Capital, Inc.'s net margin over the twelve months to 30 September 2026 was 62.8%, down 1.0 percentage points from fiscal 2025 (63.8%). Over the past ten years it has ranged from 26.4% (fiscal 2015) to 79.1% (fiscal 2020); the current reading is higher than 73% of that period. That is above the Asset Management industry median of 11.9% and above the Financial sector median of 14.3%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 63.8% | 10.52 |
| FY2024 | 53.3% | (19.98) |
| FY2023 | 73.3% | 41.53 |
| FY2022 | 31.7% | (30.25) |
| FY2021 | 62.0% | (17.13) |
| FY2020 | 79.1% | 14.30 |
| FY2019 | 64.8% | 28.27 |
| FY2018 | 36.5% | (4.55) |
| FY2017 | 41.1% | 2.57 |
| FY2016 | 38.5% | 12.15 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 66.8% | (20.52) |
| Jun 2026 | 87.3% | 57.27 |
| Mar 2026 | 30.0% | (36.06) |
| Dec 2025 | 66.1% | (20.58) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| HTGC Hercules Capital, Inc. | 62.8% |
| SII Sprott Inc. compare | 26.4% |
| APAM Artisan Partners Asset Management Inc. compare | 22.5% |
| GBDC Golub Capital BDC, Inc. compare | 21.5% |
| AAMI Acadian Asset Management Inc. compare | 17.0% |
| WT WisdomTree, Inc. compare | 16.5% |
| AB AllianceBernstein Holding L.P. compare | 0.00% |
| FSK FS KKR Capital Corp. compare | −41.8% |
| ASST Strive, Inc. compare | −11,474.6% |
| Asset Management industry median | 11.9% |
| Financial sector median | 14.3% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on HTGC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow 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