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) Operating margin
Hercules Capital, Inc.'s operating margin over the twelve months to 30 September 2026 was 78.9%, up 0.3 percentage points from fiscal 2025 (78.6%). Over the past ten years it has ranged from 66.4% (fiscal 2015) to 79.5% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 78.6% | (0.84) |
| FY2024 | 79.5% | 0.76 |
| FY2023 | 78.7% | 5.80 |
| FY2022 | 72.9% | 1.94 |
| FY2021 | 71.0% | (4.49) |
| FY2020 | 75.5% | 1.58 |
| FY2019 | 73.9% | 2.55 |
| FY2018 | 71.3% | 0.96 |
| FY2017 | 70.4% | (0.68) |
| FY2016 | 71.0% | 4.64 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 80.3% | 2.41 |
| Jun 2026 | 77.9% | (0.98) |
| Mar 2026 | 78.9% | 0.37 |
| Dec 2025 | 78.5% | (0.20) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| HTGC Hercules Capital, Inc. | 78.9% |
| GBDC Golub Capital BDC, Inc. compare | 78.2% |
| WT WisdomTree, Inc. compare | 40.0% |
| SII Sprott Inc. compare | 36.1% |
| APAM Artisan Partners Asset Management Inc. compare | 33.4% |
| AAMI Acadian Asset Management Inc. compare | 25.5% |
| FSK FS KKR Capital Corp. compare | 0.00% |
| ASST Strive, Inc. compare | −9,606.3% |
| AB AllianceBernstein Holding L.P. compare | — |
| Asset Management industry median | 27.3% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on HTGC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net 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