HERCULES CAPITAL INC (HTGC) Stock Fundamental Analysis

NYSE:HTGC • US4270965084

14.6 USD
+0.39 (+2.74%)
At close: Mar 2, 2026
14.61 USD
+0.01 (+0.07%)
After Hours: 3/2/2026, 8:26:04 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. 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 it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • HTGC had positive earnings in the past year.
  • HTGC had a negative operating cash flow in the past year.
  • Of the past 5 years HTGC 4 years were 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 better Return On Assets (6.97%) than 77.31% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.04%, HTGC is in the better half of the industry, outperforming 73.53% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 6.11%, HTGC is doing good in the industry, outperforming 75.21% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HTGC is in line with the industry average of 7.32%.
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

  • HTGC's Profit Margin of 59.47% is amongst the best of the industry. HTGC outperforms 92.44% of its industry peers.
  • HTGC's Profit Margin has declined in the last couple of years.
  • 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.
  • 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 85.29% 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 1.09. This is a bad value and indicates that HTGC is not financially healthy and even has some risk of bankruptcy.
  • HTGC has a Altman-Z score (1.09) which is comparable to the rest of the 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 of 0.98. This is comparable to the rest of the industry: HTGC outperforms 49.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF N/A
Altman-Z 1.09
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 of 0.95. This is comparable to the rest of the industry: HTGC outperforms 42.86% of its industry peers.
  • A Quick Ratio of 0.95 indicates that HTGC may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.95, HTGC perfoms like the industry average, outperforming 43.28% 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

  • HTGC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.48%.
  • 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

  • Based on estimates for the next years, HTGC will show a small growth in Earnings Per Share. The EPS will grow by 4.36% on average per year.
  • The Revenue is expected to grow by 6.72% on average over the next years.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • Based on the Price/Earnings ratio of 7.60, the valuation of HTGC can be described as very cheap.
  • 76.47% 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 27.13.
  • A Price/Forward Earnings ratio of 7.09 indicates a rather cheap valuation of HTGC.
  • Based on the Price/Forward Earnings ratio, HTGC is valued cheaper than 86.97% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, HTGC is valued rather cheaply.
Industry RankSector Rank
PE 7.6
Fwd PE 7.09
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 somewhat cheap valuation: HTGC is cheaper than 79.83% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.99
HTGC Per share dataHTGC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The 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)1.06
PEG (5Y)1.17
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 10.37%, HTGC is a good candidate for dividend investing.
  • The stock price of HTGC dropped by -23.08% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 6.45, 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 1.82.
Industry RankSector Rank
Dividend Yield 10.37%

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

  • 104.41% of the earnings are spent on dividend by HTGC. 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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Find the best dividend stocksShow peers with best dividend

HERCULES CAPITAL INC

NYSE:HTGC (3/2/2026, 8:26:04 PM)

After market: 14.61 +0.01 (+0.07%)

14.6

+0.39 (+2.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners28.19%
Inst Owner Change7.37%
Ins Owners1.73%
Ins Owner Change6.98%
Market Cap2.65B
Revenue(TTM)N/A
Net Income(TTM)307.37M
Analysts84
Price Target20.71 (41.85%)
Short Float %2.99%
Short Ratio3.34
Dividend
Industry RankSector Rank
Dividend Yield 10.37%
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)-2.92%
PT rev (3m)-3.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.06%
EPS NY rev (1m)0%
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 7.6
Fwd PE 7.09
P/S 5.13
P/FCF N/A
P/OCF N/A
P/B 1.21
P/tB 1.21
EV/EBITDA 13.99
EPS(TTM)1.92
EY13.15%
EPS(NY)2.06
Fwd EY14.1%
FCF(TTM)-2.2
FCFYN/A
OCF(TTM)-2.2
OCFYN/A
SpS2.84
BVpS12.05
TBVpS12.05
PEG (NY)1.06
PEG (5Y)1.17
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 1.09
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.