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.

Hercules Capital HTGC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	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
Return on assets	7.5%-0.6pp	8.1%+0.4pp	7.7%+1.2pp	6.5%+0.8pp	5.8%-1.5pp
Leverage
Debt-to-equity	1.1×+0.1×	1×0.0×	1×0.0×	1×0.0×	1×+0.1×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
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%
Enterprise value	$5.22B-7.8%	$5.66B+2.0%	$5.55B+6.8%	$5.2B-1.3%	$5.27B+4.5%
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×
Free cash flow yield	-16%-3.6pp	-12.5%-0.8pp	-11.6%—	——	——
Earnings yield	12.2%+2.3pp	9.9%+0.9pp	9%+0.9pp	8.2%+1.5pp	6.7%-1.1pp
Dividend yield	12.2%+2.7pp	9.5%+0.2pp	9.3%-0.5pp	9.9%+0.6pp	9.3%+0.2pp
PEG ratio	0.2×-0.2×	0.3×—	——	——	——

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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.