Hercules Capital (HTGC) Financial Ratios: P/E, ROE & More

Hercules Capital (HTGC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Hercules Capital had a P/E ratio of 10.02 (down from 12.77), return on equity of 16.2% (up from 13.9%), debt-to-equity of 1.04 (up from 0.90) and a current ratio of 0.20 (down from 0.66). A current ratio of 0.20 means current liabilities exceed current assets. Its dividend yield was 9.30% with a payout ratio of 81.3%.

Hercules Capital Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	10.02	12.77	7.45	17.09	11.05	7.28
Forward P/E	9.36	10.06	8.29	7.87	12.14	10.78
P/S Ratio	6.34	6.73	5.40	5.30	6.78	5.71
P/B Ratio	1.52	1.67	1.38	1.22	1.46	1.27
Price/Tangible Book	1.52	1.67	1.38	1.22	1.46	1.27
Price/FCF	-	-	36.93	-	14.82	7.91
Price/OCF	-	-	36.45	-	14.81	7.90
PEG Ratio	0.52	0.52	0.52	0.52	0.49	9.49
Enterprise Value Ratios
EV/Revenue	10.36	10.21	8.89	9.88	10.98	10.15
EV/EBITDA	12.39	12.23	10.73	12.68	14.46	12.99
EV/EBIT	12.40	12.24	10.73	12.69	14.48	13.02
EV/FCF	-	-	60.76	-	24.01	14.04
Profitability & Returns
Return on Equity (ROE)	16.16%	13.87%	21.07%	7.53%	13.40%	18.75%
Return on Assets (ROA)	6.61%	7.10%	7.40%	5.56%	5.10%	5.51%
Return on Capital Employed (ROCE)	10.90%	11.40%	11.70%	8.40%	9.80%	8.70%
Leverage & Solvency Ratios
Debt/Equity	1.04	0.90	0.86	1.13	0.95	1.00
Debt/EBITDA	5.13	4.30	4.05	6.22	5.74	5.70
Debt/FCF	-	-	23.15	-	9.68	6.24
Liquidity Ratios
Current Ratio	0.20	0.66	1.00	1.23	0.36	7.07
Quick Ratio	0.19	0.65	0.83	1.00	0.35	5.98
Efficiency Ratios
Asset Turnover	0.13	0.14	0.14	0.11	0.11	0.11
Yield & Distribution Ratios
Earnings Yield	10.06%	7.92%	13.56%	5.98%	9.14%	13.84%
FCF Yield	-12.61%	-3.58%	2.71%	-24.90%	6.75%	12.65%
Dividend Yield	9.30%	9.63%	12.76%	16.39%	13.59%	15.30%
Payout Ratio	81.26%	95.62%	67.21%	165.87%	83.48%	67.07%
Buyback Yield	-16.87%	-11.58%	-14.34%	-9.23%	-3.28%	-10.53%
Total Return	-7.57%	-1.95%	-1.59%	7.16%	10.31%	4.77%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hercules Capital Financial Ratios

What is Hercules Capital's P/E ratio?

Hercules Capital's P/E ratio was 10.02 for fiscal 2025 (period ended Dec 31, 2025). It was 12.77 a year earlier.

What is Hercules Capital's return on equity?

Hercules Capital's return on equity (ROE) was 16.2% for fiscal 2025 (period ended Dec 31, 2025). It was 13.9% a year earlier.

What is Hercules Capital's debt-to-equity ratio?

Hercules Capital's debt-to-equity ratio was 1.04 for fiscal 2025 (period ended Dec 31, 2025). It was 0.90 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition