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Saturday 17 October 2026 Export HTGC’s income statement to Excel — free account

Hercules 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. In the quarter to June 2026, revenue grew 8.48%, EPS grew 59.1%, free cash flow grew 305.7% and total debt rose 13.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

16.37 0.29 −1.74%
Market cap
$3.1B
P/E
7.8×
Fwd P/E
8.8×
Dividend yield
11.5%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Hercules Capital, Inc. (HTGC) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Hercules Capital, Inc. (HTGC) trades at a P/E ratio of 7.8×. Over the past ten years it has ranged from 3.9× (March 2020) to 147× (August 2022); the current reading is higher than 14% of that period. That is below the Asset Management industry median of 14.0× and below the Financial sector median of 12.4×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 10.0× (19.70%)
FY2024 12.4× 71.97%
FY2023 7.2× (58.25%)
FY2022 17.3× 56.17%
FY2021 11.1× 51.86%
FY2020 7.3× (10.13%)
FY2019 8.1× (37.66%)
FY2018 13.0× (6.79%)
FY2017 13.9× (10.77%)
FY2016 15.6× (21.78%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 7.5× (6.51%)
Mar 2026 8.1× (18.95%)
Dec 2025 10.0× (7.32%)
Sep 2025 10.7× (10.66%)
42 more quarters

Against its own ten years

Low 3.9× High 147×
Ten-year median 11.8×
Current reading's percentile 16

P/E ratio against peers

Company P/E ratio
FSK FS KKR Capital Corp. compare n/m
HTGC Hercules Capital, Inc. 7.8×
APAM Artisan Partners Asset Management Inc. compare 7.8×
AB AllianceBernstein Holding L.P. compare 10.3×
GBDC Golub Capital BDC, Inc. compare 18.6×
CNS Cohen & Steers Inc compare 21.3×
SII Sprott Inc. compare 26.5×
AAMI Acadian Asset Management Inc. compare 32.5×
WT WisdomTree, Inc. compare 38.1×
Asset Management industry median 14.0×
Financial sector median 12.4×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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