HERCULES CAPITAL INC (HTGC) Stock Fundamental Analysis

NYSE:HTGC • US4270965084

15.38 USD
-0.27 (-1.73%)
Last: Feb 20, 2026, 10:01 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, HTGC scores 4 out of 10 in our fundamental rating. HTGC was compared to 237 industry peers in the Capital Markets industry. There are concerns on the financial health of HTGC while its profitability can be described as average. HTGC has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year HTGC was profitable.
  • In the past year HTGC has reported a negative cash flow from operations.
  • Of the past 5 years HTGC 4 years were profitable.
  • The reported operating cash flow has been mixed in the past 5 years: HTGC reported negative operating cash flow in multiple years.
HTGC Yearly Net Income VS EBIT VS OCF VS FCFHTGC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

  • HTGC has a Return On Assets of 6.97%. This is in the better half of the industry: HTGC outperforms 78.90% of its industry peers.
  • With a decent Return On Equity value of 14.04%, HTGC is doing good in the industry, outperforming 73.42% of the companies in the same industry.
  • HTGC has a better Return On Invested Capital (6.11%) than 74.68% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HTGC is in line with the industry average of 7.29%.
Industry RankSector Rank
ROA 6.97%
ROE 14.04%
ROIC 6.11%
ROA(3y)6.62%
ROA(5y)7.02%
ROE(3y)12.91%
ROE(5y)13.88%
ROIC(3y)6.33%
ROIC(5y)5.69%
HTGC Yearly ROA, ROE, ROICHTGC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of HTGC (59.47%) is better than 92.83% of its industry peers.
  • In the last couple of years the Profit Margin of HTGC has declined.
  • HTGC's Operating Margin of 64.99% is amongst the best of the industry. HTGC outperforms 98.31% of its industry peers.
  • In the last couple of years the Operating Margin of HTGC has grown nicely.
  • With an excellent Gross Margin value of 81.23%, HTGC belongs to the best of the industry, outperforming 85.23% of the companies in the same industry.
  • HTGC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.99%
PM (TTM) 59.47%
GM 81.23%
OM growth 3Y7.36%
OM growth 5Y4.3%
PM growth 3Y-4.94%
PM growth 5Y-4%
GM growth 3Y2.12%
GM growth 5Y1.42%
HTGC Yearly Profit, Operating, Gross MarginsHTGC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • HTGC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
HTGC Yearly Shares OutstandingHTGC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HTGC Yearly Total Debt VS Total AssetsHTGC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • HTGC has an Altman-Z score of 1.16. This is a bad value and indicates that HTGC is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.16, HTGC perfoms like the industry average, outperforming 59.92% of the companies in the same industry.
  • HTGC has a Debt/Equity ratio of 0.98. This is a neutral value indicating HTGC is somewhat dependend on debt financing.
  • HTGC has a Debt to Equity ratio (0.98) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF N/A
Altman-Z 1.16
ROIC/WACCN/A
WACCN/A
HTGC Yearly LT Debt VS Equity VS FCFHTGC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.95 indicates that HTGC may have some problems paying its short term obligations.
  • The Current ratio of HTGC (0.95) is comparable to the rest of the industry.
  • HTGC has a Quick Ratio of 0.95. This is a bad value and indicates that HTGC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.95, HTGC perfoms like the industry average, outperforming 42.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.95
HTGC Yearly Current Assets VS Current LiabilitesHTGC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • The earnings per share for HTGC have decreased by -4.48% in the last year.
  • The Earnings Per Share has been growing slightly by 6.52% on average over the past years.
EPS 1Y (TTM)-4.48%
EPS 3Y9.06%
EPS 5Y6.52%
EPS Q2Q%-2.04%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.85%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.36% on average over the next years.
  • Based on estimates for the next years, HTGC will show a small growth in Revenue. The Revenue will grow by 6.72% on average per year.
EPS Next Y7.19%
EPS Next 2Y4.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.17%
Revenue Next 2Y6.01%
Revenue Next 3Y6.72%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HTGC Yearly Revenue VS EstimatesHTGC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
HTGC Yearly EPS VS EstimatesHTGC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.01, the valuation of HTGC can be described as very reasonable.
  • 74.68% of the companies in the same industry are more expensive than HTGC, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of HTGC to the average of the S&P500 Index (27.09), we can say HTGC is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.47 indicates a rather cheap valuation of HTGC.
  • Based on the Price/Forward Earnings ratio, HTGC is valued cheaply inside the industry as 86.50% of the companies are valued more expensively.
  • HTGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.98.
Industry RankSector Rank
PE 8.01
Fwd PE 7.47
HTGC Price Earnings VS Forward Price EarningsHTGC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HTGC is valued cheaply inside the industry as 80.59% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.77
HTGC Per share dataHTGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • HTGC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • HTGC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.11
PEG (5Y)1.23
EPS Next 2Y4.36%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • HTGC has a Yearly Dividend Yield of 10.22%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.04, HTGC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.85, HTGC pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.22%

5.2 History

  • On average, the dividend of HTGC grows each year by 7.41%, which is quite nice.
  • HTGC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)7.41%
Div Incr Years0
Div Non Decr Years0
HTGC Yearly Dividends per shareHTGC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • HTGC pays out 104.41% of its income as dividend. This is not a sustainable payout ratio.
  • HTGC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP104.41%
EPS Next 2Y4.36%
EPS Next 3YN/A
HTGC Yearly Income VS Free CF VS DividendHTGC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M
HTGC Dividend Payout.HTGC Dividend Payout, showing the Payout Ratio.HTGC Dividend Payout.PayoutRetained Earnings

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HERCULES CAPITAL INC

NYSE:HTGC (2/20/2026, 10:01:09 AM)

15.38

-0.27 (-1.73%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners28.19%
Inst Owner Change4.42%
Ins Owners1.73%
Ins Owner Change5.96%
Market Cap2.79B
Revenue(TTM)N/A
Net Income(TTM)307.37M
Analysts84
Price Target21.34 (38.75%)
Short Float %2.99%
Short Ratio3.34
Dividend
Industry RankSector Rank
Dividend Yield 10.22%
Yearly Dividend1.85
Dividend Growth(5Y)7.41%
DP104.41%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-25
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.18%
Min EPS beat(2)0.34%
Max EPS beat(2)4.02%
EPS beat(4)2
Avg EPS beat(4)-1.44%
Min EPS beat(4)-5.11%
Max EPS beat(4)4.02%
EPS beat(8)3
Avg EPS beat(8)-0.29%
EPS beat(12)7
Avg EPS beat(12)1.81%
EPS beat(16)9
Avg EPS beat(16)1.52%
Revenue beat(2)2
Avg Revenue beat(2)1.72%
Min Revenue beat(2)0.25%
Max Revenue beat(2)3.19%
Revenue beat(4)2
Avg Revenue beat(4)-1.68%
Min Revenue beat(4)-6.05%
Max Revenue beat(4)3.19%
Revenue beat(8)4
Avg Revenue beat(8)5.13%
Revenue beat(12)8
Avg Revenue beat(12)4.68%
Revenue beat(16)9
Avg Revenue beat(16)3.06%
PT rev (1m)0.53%
PT rev (3m)-0.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.13%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 8.01
Fwd PE 7.47
P/S 5.41
P/FCF N/A
P/OCF N/A
P/B 1.28
P/tB 1.28
EV/EBITDA 14.77
EPS(TTM)1.92
EY12.48%
EPS(NY)2.06
Fwd EY13.38%
FCF(TTM)-2.2
FCFYN/A
OCF(TTM)-2.2
OCFYN/A
SpS2.84
BVpS12.05
TBVpS12.05
PEG (NY)1.11
PEG (5Y)1.23
Graham Number22.82
Profitability
Industry RankSector Rank
ROA 6.97%
ROE 14.04%
ROCE 7.74%
ROIC 6.11%
ROICexc 6.15%
ROICexgc 6.16%
OM 64.99%
PM (TTM) 59.47%
GM 81.23%
FCFM N/A
ROA(3y)6.62%
ROA(5y)7.02%
ROE(3y)12.91%
ROE(5y)13.88%
ROIC(3y)6.33%
ROIC(5y)5.69%
ROICexc(3y)6.48%
ROICexc(5y)5.92%
ROICexgc(3y)6.5%
ROICexgc(5y)5.93%
ROCE(3y)8.02%
ROCE(5y)7.21%
ROICexgc growth 3Y12.85%
ROICexgc growth 5Y8.03%
ROICexc growth 3Y12.87%
ROICexc growth 5Y8%
OM growth 3Y7.36%
OM growth 5Y4.3%
PM growth 3Y-4.94%
PM growth 5Y-4%
GM growth 3Y2.12%
GM growth 5Y1.42%
F-Score1
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF N/A
Debt/EBITDA 6.4
Cap/Depr 17.58%
Cap/Sales 0.01%
Interest Coverage 4.18
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.95
Quick Ratio 0.95
Altman-Z 1.16
F-Score1
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)222.71%
Cap/Depr(5y)145.29%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.48%
EPS 3Y9.06%
EPS 5Y6.52%
EPS Q2Q%-2.04%
EPS Next Y7.19%
EPS Next 2Y4.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.85%
Revenue Next Year8.17%
Revenue Next 2Y6.01%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
EBIT growth 1Y-18.05%
EBIT growth 3Y29.54%
EBIT growth 5Y17.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-212.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-213.28%
OCF growth 3YN/A
OCF growth 5YN/A

HERCULES CAPITAL INC / HTGC FAQ

What is the fundamental rating for HTGC stock?

ChartMill assigns a fundamental rating of 4 / 10 to HTGC.


What is the valuation status of HERCULES CAPITAL INC (HTGC) stock?

ChartMill assigns a valuation rating of 6 / 10 to HERCULES CAPITAL INC (HTGC). This can be considered as Fairly Valued.


How profitable is HERCULES CAPITAL INC (HTGC) stock?

HERCULES CAPITAL INC (HTGC) has a profitability rating of 6 / 10.


How financially healthy is HERCULES CAPITAL INC?

The financial health rating of HERCULES CAPITAL INC (HTGC) is 2 / 10.


Can you provide the expected EPS growth for HTGC stock?

The Earnings per Share (EPS) of HERCULES CAPITAL INC (HTGC) is expected to grow by 7.19% in the next year.