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Friday 6 November 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.

Revenue
+1.46%
EPS
−24.2%
Free cash flow
−5,073.1%
Total debt
+18.6%

Quarter to September 2026, against a year earlier

16.38 0.25 −1.50%
Market cap
$3.1B
P/E
8.5×
Fwd P/E
8.7×
Dividend yield
4.88%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

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

Alert me on P/S ratio

As of 5 November 2026, Hercules Capital, Inc. (HTGC) trades at a P/S ratio of 5.4×. Over the past ten years it has ranged from 2.6× (April 2020) to 8.1× (April 2022); the current reading is higher than 24% of that period. That is above the Asset Management industry median of 3.0× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 6.3× (4.37%)
FY2024 6.6× 25.29%
FY2023 5.2× 1.10%
FY2022 5.2× (23.60%)
FY2021 6.8× 20.52%
FY2020 5.6× 6.20%
FY2019 5.3× 9.45%
FY2018 4.8× (15.57%)
FY2017 5.7× (5.46%)
FY2016 6.1× 12.40%

Quarterly newest first

Period P/S ratio Change
Sep 2026 5.5× 6.49%
Jun 2026 5.2× 6.15%
Mar 2026 4.9× (22.36%)
Dec 2025 6.3× (4.99%)
43 more quarters

Against its own ten years

Low 2.6× High 8.1×
Ten-year median 5.8×
Current reading's percentile 24

P/S ratio against peers

Company P/S ratio
AB AllianceBernstein Holding L.P. compare n/m
APAM Artisan Partners Asset Management Inc. compare 2.1×
FSK FS KKR Capital Corp. compare 2.6×
GBDC Golub Capital BDC, Inc. compare 4.2×
WT WisdomTree, Inc. compare 4.2×
AAMI Acadian Asset Management Inc. compare 4.5×
HTGC Hercules Capital, Inc. 5.4×
SII Sprott Inc. compare 7.2×
ASST Strive, Inc. compare 183×
Asset Management industry median 3.0×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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