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Hercules Capital, Inc.

HTGC

$16.36 ▼ -0.26 (-1.53%) at close

11 Visible periods

17 Metrics

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Weak

Bullish

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Analytical Summary

Hercules Capital, Inc. shows strong fundamentals with top-quartile Return on Common Equity (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $2.9B

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-2.40 ↘

Trailing P/E 8.6x

Price / Book 1.4x

FCF Yield —

Debt / Equity 1.03

info Valuation on last close. End-of-day price, Nov 5, 2026.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$339.74M

↑ +29.2% —

FCF / Share Free cash flow per share

$-2.40

↓ -227.4% —

Long-Term Debt Long-term obligations

$2.29B

↑ +29.3% —

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Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Returns ↑

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
EPS Growth YoY (%)	18.0% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-30.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	190.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-46.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-25.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—
Net Income Growth YoY (%)	29.2% Excellent ↓ Excellent Declining Year-over-year change in net income	-22.1% Weak ↓ Weak Declining Year-over-year change in net income	230.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-41.4% Weak Weak Year-over-year change in net income	-23.4% Weak Weak Year-over-year change in net income	—	—	—	—	—	—
FCF Growth YoY (%)	-227.4% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	-39.6% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—
EPS CAGR 3Y (%)	33.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	2.4% Caution Caution Compound annual EPS growth over 3 years	4.7% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
FCF / Net Income (x)	-1.25x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.45x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.20x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Return on Common Equity (%) (%)	15.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15%	13.2% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15%	18.7% Good Good Profit generated per dollar of shareholder equity Optimal: > 15%	7.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Debt to Equity (x)	1.03x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	0.89x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x	0.86x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x	1.12x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—
Net Debt (USD)	$2.23B	$1.73B	$1.46B	$1.56B	$1.10B	$-198.28M	—	—	—	—	—

📊 What does each share earn? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Basic EPS, GAAP (USD)	$1.90	$1.61	$2.32	$0.80	$1.50	$2.02	—	—	—	—	—
Free Cash Flow per Share (USD)	$-2.40	$-0.73	$0.47	$-3.39	$1.12	$1.86	—	—	—	—	—
Book Value per Share (USD)	$12.13	$11.66	$11.43	$10.53	—	—	$11.20	$10.51	$10.19	$10.68	$10.32
Tangible Book Value per Share (USD)	$12.13	$11.66	$11.43	$10.53	—	—	$11.20	$10.51	$10.19	$10.68	$10.32
Basic Weighted Avg Shares (shares)	177.39M	161.08M	144.09M	125.19M	114.74M	111.98M	101.13M	90.93M	82.52M	73.75M	69.48M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
LT Debt (USD)	$2.29B	$1.77B	$1.55B	$1.57B	$1.24B	—	—	—	—	—	—
Total Equity (USD)	$2.22B	$1.99B	$1.80B	$1.40B	—	—	$1.13B	$955.44M	$840.97M	$787.94M	$717.13M

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Net Income, GAAP (USD)	$339.74M	$262.97M	$337.48M	$102.08M	$174.16M	$227.26M	—	—	—	—	—
Operating Cash Flow (USD)	$-425.80M	$-118.09M	$68.28M	$-424.80M	$128.62M	$207.80M	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 11 years · 27 quarters

Hercules Capital, Inc.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

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