HERCULES CAPITAL INC (HTGC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HTGC • US4270965084

16.665 USD
-0.23 (-1.33%)
Last: Feb 11, 2026, 01:06 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to HTGC. HTGC was compared to 238 industry peers in the Capital Markets industry. While HTGC is still in line with the averages on profitability rating, there are concerns on its financial health. HTGC has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • HTGC had positive earnings in the past year.
  • In the past year HTGC has reported a negative cash flow from operations.
  • In the past 5 years HTGC has always been profitable.
  • In multiple years HTGC reported negative operating cash flow during the last 5 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 78.99% of its industry peers.
  • HTGC has a Return On Equity of 14.04%. This is in the better half of the industry: HTGC outperforms 74.37% of its industry peers.
  • HTGC has a Return On Invested Capital of 6.11%. This is in the better half of the industry: HTGC outperforms 74.79% 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 7.26%.
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

  • Looking at the Profit Margin, with a value of 59.47%, HTGC belongs to the top of the industry, outperforming 93.28% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HTGC has declined.
  • Looking at the Operating Margin, with a value of 64.99%, HTGC belongs to the top of the industry, outperforming 98.32% of the companies in the same industry.
  • HTGC's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 81.23%, HTGC belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HTGC has remained more or less at the same level.
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

1

2. Health

2.1 Basic Checks

  • The number of shares outstanding for HTGC has been increased compared to 1 year ago.
  • Compared to 5 years ago, HTGC has more shares outstanding
  • Compared to 1 year ago, HTGC has a worse debt to assets ratio.
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 1.22. This is a bad value and indicates that HTGC is not financially healthy and even has some risk of bankruptcy.
  • HTGC's Altman-Z score of 1.22 is fine compared to the rest of the industry. HTGC outperforms 61.76% of its industry peers.
  • HTGC has a Debt/Equity ratio of 0.98. This is a neutral value indicating HTGC is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.98, HTGC is in line with its industry, outperforming 49.16% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF N/A
Altman-Z 1.22
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.
  • HTGC has a Current ratio (0.95) which is in line with its industry peers.
  • 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.
  • Looking at the Quick ratio, with a value of 0.95, HTGC is in line with its industry, outperforming 42.02% 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

4

3. Growth

3.1 Past

  • The earnings per share for HTGC have decreased by -7.21% in the last year.
  • Measured over the past 5 years, HTGC shows a small growth in Earnings Per Share. The EPS has been growing by 7.35% on average per year.
  • HTGC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.09%.
  • The Revenue has been growing by 13.00% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.21%
EPS 3Y16.54%
EPS 5Y7.35%
EPS Q2Q%-3.92%
Revenue 1Y (TTM)-16.09%
Revenue growth 3Y20.66%
Revenue growth 5Y13%
Sales Q2Q%10.26%

3.2 Future

  • HTGC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.33% yearly.
  • HTGC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.69% yearly.
EPS Next Y-2.17%
EPS Next 2Y1.19%
EPS Next 3Y1.33%
EPS Next 5YN/A
Revenue Next Year6.74%
Revenue Next 2Y8.17%
Revenue Next 3Y8.69%
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.
  • When comparing the Revenue 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 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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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.63 indicates a reasonable valuation of HTGC.
  • 73.95% of the companies in the same industry are more expensive than HTGC, based on the Price/Earnings ratio.
  • HTGC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.03.
  • The Price/Forward Earnings ratio is 8.10, which indicates a very decent valuation of HTGC.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HTGC indicates a rather cheap valuation: HTGC is cheaper than 83.61% of the companies listed in the same industry.
  • HTGC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.97.
Industry RankSector Rank
PE 8.63
Fwd PE 8.1
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

  • 78.99% of the companies in the same industry are more expensive than HTGC, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.44
HTGC Per share dataHTGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The decent profitability rating of HTGC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.18
EPS Next 2Y1.19%
EPS Next 3Y1.33%

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 9.80%, HTGC is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.12, HTGC pays a bit more dividend than its industry peers.
  • HTGC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 9.8%

5.2 History

  • The dividend of HTGC is nicely growing with an annual growth rate of 7.41%!
  • 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 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 2Y1.19%
EPS Next 3Y1.33%
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 (2/11/2026, 1:06:06 PM)

16.665

-0.23 (-1.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners28.19%
Inst Owner Change3.04%
Ins Owners1.73%
Ins Owner Change5.96%
Market Cap3.03B
Revenue(TTM)516.85M
Net Income(TTM)307.37M
Analysts84
Price Target21.34 (28.05%)
Short Float %2.93%
Short Ratio4.64
Dividend
Industry RankSector Rank
Dividend Yield 9.8%
Yearly Dividend1.85
Dividend Growth(5Y)7.41%
DP104.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)1.09%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 8.63
Fwd PE 8.1
P/S 5.86
P/FCF N/A
P/OCF N/A
P/B 1.38
P/tB 1.38
EV/EBITDA 15.44
EPS(TTM)1.93
EY11.58%
EPS(NY)2.06
Fwd EY12.35%
FCF(TTM)-2.2
FCFYN/A
OCF(TTM)-2.2
OCFYN/A
SpS2.84
BVpS12.05
TBVpS12.05
PEG (NY)N/A
PEG (5Y)1.18
Graham Number22.88
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 1.22
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)-7.21%
EPS 3Y16.54%
EPS 5Y7.35%
EPS Q2Q%-3.92%
EPS Next Y-2.17%
EPS Next 2Y1.19%
EPS Next 3Y1.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.09%
Revenue growth 3Y20.66%
Revenue growth 5Y13%
Sales Q2Q%10.26%
Revenue Next Year6.74%
Revenue Next 2Y8.17%
Revenue Next 3Y8.69%
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 5 / 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 1 / 10.


Can you provide the expected EPS growth for HTGC stock?

The Earnings per Share (EPS) of HERCULES CAPITAL INC (HTGC) is expected to decline by -2.17% in the next year.