Hercules Capital HTGC Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Returns | ||||||
| Return on equity | 15.7%+4.3pp | 16.2%+2.3pp | 15.4%-3.0pp | 12.9%-3.4pp | 11.4%-8.3pp | |
| Return on assets | 7.5%+1.7pp | 8.1%+0.8pp | 7.7%-1.5pp | 6.5%-1.6pp | 5.8%-3.9pp | |
| Leverage | ||||||
| Debt-to-equity | 1.1×+0.2× | 1×+0.1× | 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 | $11.31-0.8% | $11.73-4.7% | $11.27-1.7% | $11.28-2.0% | $11.41-4.5% | |
| Valuation | ||||||
| Market capitalization | $2.71B-18.4% | $3.42B+1.6% | $3.44B+8.8% | $3.17B-1.5% | $3.33B+14.3% | |
| Enterprise value | $5.22B-0.8% | $5.66B+12.4% | $5.55B+14.0% | $5.2B+5.1% | $5.27B+13.9% | |
| Price / earnings | 8.2×-6.8× | 10.1×-2.7× | 11.1×+1.3× | 12.2×+0.8× | 15×+6.2× | |
| Price / book | 1.2×-0.4× | 1.5×-0.1× | 1.6×-0.1× | 1.5×-0.3× | 1.7×+0.1× | |
| Free cash flow yield | -16%— | -12.5%— | -11.6%— | —— | —— | |
| Earnings yield | 12.2%+5.5pp | 9.9%+2.1pp | 9%-1.2pp | 8.2%-0.5pp | 6.7%-4.8pp | |
| Dividend yield | 12.2%+3.0pp | 9.5%+0.5pp | 9.3%-0.1pp | 9.9%+0.7pp | 9.3%-0.5pp | |
| PEG ratio | 0.2×— | 0.3×— | —— | —— | —— |
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.