Hercules Capital HTGC Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Returns | ||||||
| Return on equity | 15.7%-0.5pp | 16.2%+0.8pp | 15.4%+2.4pp | 12.9%+1.5pp | 11.4%-2.4pp | |
| Leverage | ||||||
| Debt-to-equity | 1.1×+0.1× | 1×0.0× | 1×0.0× | 1×0.0× | 1×+0.1× | |
| Per Share | ||||||
| Book value per share | $11.31-3.6% | $11.73+4.1% | $11.27-0.1% | $11.28-1.2% | $11.41-7.3% | |
| Valuation | ||||||
| Market capitalization | $2.71B-20.7% | $3.42B-0.5% | $3.44B+8.3% | $3.17B-4.6% | $3.33B-1.2% | |
| Price / earnings | 8.2×-1.9× | 10.1×-1.0× | 11.1×-1.2× | 12.2×-2.7× | 15×+2.2× | |
| Price / book | 1.2×-0.3× | 1.5×0.0× | 1.6×+0.1× | 1.5×-0.2× | 1.7×0.0× | |
| Dividend yield | 12.2%+2.7pp | 9.5%+0.2pp | 9.3%-0.5pp | 9.9%+0.6pp | 9.3%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Hercules Capital's ratios come from?
- Every ratio is computed from Hercules Capital's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.