Golub Capital BDC, Inc. (GBDC) vs Hercules Capital, Inc. (HTGC)
Golub Capital BDC, Inc. and Hercules Capital, Inc. are both Asset Management companies. Golub Capital BDC, Inc. and Hercules Capital, Inc. are of similar size ($3.2B and $3.1B). Hercules Capital, Inc. trades at the lower P/E: 8.1× against 19.2×. Hercules Capital, Inc. grew revenue faster over the last twelve months: 12.3% against −8.73%. Hercules Capital, Inc. has the higher net margin (67.7% vs 21.5%) and the higher return on invested capital (4.64% vs 2.81%). Both pay a dividend; Hercules Capital, Inc. yields more (9.25% vs 9.10%). Across the 22 metrics below, Hercules Capital, Inc. leads on 15 and Golub Capital BDC, Inc. on 7.
Valuation
Profitability
| Metric | GBDC | HTGC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 78.18% | 78.48% | 33.03% |
| Net margin | 21.45% | 67.68% | 13.53% |
| Free cash flow margin | 114.85% | 1.49% | 12.44% |
| Return on equity | 4.46% | 17.32% | 4.83% |
| Return on assets | 1.95% | 8.54% | 1.57% |
| Return on invested capital | 2.81% | 4.64% | 3.04% |
Growth
Health
Dividend
Size
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