HERCULES CAPITAL INC (HTGC) Stock Fundamental Analysis

NYSE:HTGC • US4270965084

15.43 USD
-0.22 (-1.41%)
At close: Feb 20, 2026
15.5566 USD
+0.13 (+0.82%)
After Hours: 2/20/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall HTGC gets a fundamental rating of 4 out of 10. We evaluated HTGC against 237 industry peers in the Capital Markets industry. HTGC has a medium profitability rating, but doesn't score so well on its financial health evaluation. HTGC has a valuation in line with the averages, but on the other hand it scores bad on growth.


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

  • With a decent Return On Assets value of 6.97%, HTGC is doing good in the industry, outperforming 78.90% of the companies in the same industry.
  • HTGC has a better Return On Equity (14.04%) than 73.42% of its industry peers.
  • HTGC has a better Return On Invested Capital (6.11%) than 74.68% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HTGC is in line with the industry average of 7.31%.
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

  • With an excellent Profit Margin value of 59.47%, HTGC belongs to the best of the industry, outperforming 92.83% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HTGC has declined.
  • With an excellent Operating Margin value of 64.99%, HTGC belongs to the best of the industry, outperforming 98.31% of the companies in the same industry.
  • HTGC's Operating Margin has improved in the last couple of years.
  • HTGC's Gross Margin of 81.23% is amongst the best of the industry. HTGC outperforms 85.23% of its industry peers.
  • 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

  • Based on the Altman-Z score of 1.16, we must say that HTGC is in the distress zone and has some risk of bankruptcy.
  • HTGC's Altman-Z score of 1.16 is in line compared to the rest of the industry. HTGC outperforms 59.92% of its industry peers.
  • A Debt/Equity ratio of 0.98 indicates that 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.
  • HTGC's Current ratio of 0.95 is in line compared to the rest of the industry. HTGC outperforms 42.19% of its industry peers.
  • A Quick Ratio of 0.95 indicates that HTGC may have some problems paying its short term obligations.
  • HTGC's Quick ratio of 0.95 is in line compared to the rest of the industry. HTGC outperforms 42.62% of its industry peers.
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.
  • HTGC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.52% yearly.
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

  • HTGC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.36% yearly.
  • HTGC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.72% yearly.
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 8.04, 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.
  • HTGC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
  • A Price/Forward Earnings ratio of 7.50 indicates a rather cheap valuation of HTGC.
  • HTGC's Price/Forward Earnings ratio is rather cheap when compared to the industry. HTGC is cheaper than 86.50% of the companies in the same industry.
  • HTGC is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.04
Fwd PE 7.5
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HTGC indicates a rather cheap valuation: HTGC is cheaper than 80.59% of the companies listed in the same industry.
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.
  • The decent profitability rating of HTGC may justify a higher PE ratio.
PEG (NY)1.12
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

  • With a Yearly Dividend Yield of 10.22%, HTGC is a good candidate for dividend investing.
  • 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 paid a dividend for at least 10 years, which is 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, 8:04:00 PM)

After market: 15.5566 +0.13 (+0.82%)

15.43

-0.22 (-1.41%)

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 Cap2.80B
Revenue(TTM)N/A
Net Income(TTM)307.37M
Analysts84
Price Target21.34 (38.3%)
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 8.04
Fwd PE 7.5
P/S 5.43
P/FCF N/A
P/OCF N/A
P/B 1.28
P/tB 1.28
EV/EBITDA 14.77
EPS(TTM)1.92
EY12.44%
EPS(NY)2.06
Fwd EY13.34%
FCF(TTM)-2.2
FCFYN/A
OCF(TTM)-2.2
OCFYN/A
SpS2.84
BVpS12.05
TBVpS12.05
PEG (NY)1.12
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.