profit from every $100 of sales.
$0$100
Hercules Capital
$15.87+0.13% today
-10.1% in 1 year
1-year low $13.891-year high $19.05
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $8.85 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Hercules Capital sold, what it kept, and what it did with the cash.
Sales went from $185 million in 2022 to $439 million in 2025, with $340 million of profit last year.
SalesProfit
Hercules Capital vs. similar companies
Hercules Capital grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Hercules Capital | 8.9× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Hercules Capital's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 185 | 426 | 354 | 439 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 102 | 337 | 263 | 340 | |
| 0.79 | 2.31 | 1.61 | 1.85 | |
| – | – | – | – | |
| – | – | – | – | |
| 55.3% | 79.1% | 74.3% | 77.5% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,029 | 3,417 | 3,832 | 4,584 |
| Cash | 16 | 99 | 113 | 57 |
| Total debt | 1,580 | 1,560 | 1,787 | 2,303 |
| Total liabilities | 1,627 | 1,614 | 1,842 | 2,368 |
| 1,401 | 1,803 | 1,990 | 2,216 | |
| 127 | 145 | 162 | 189 | |
| – | – | – | – | |
| 7.3% | 18.7% | 13.2% | 15.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -425 | 68 | -118 | -426 | |
| 0 | 1 | 1 | 0 | |
| -425 | 67 | -119 | -426 | |
| Dividends paid | 245 | 274 | 303 | 326 |
| 5 | 13 | 3 | 6 | |
| – | – | – | – |
Valuation
- 8.9×
- 8.1×
- 0.27
- 1.3×
- 6.9×
- –
- –
- -14.2%
- 11.3%
- 12.6%
Profitability
- 85.7%
- 64.7%
- 77.5%
- 64.8%
- 50.8%
- 7.0%
- 15.1%
- 6.9%
- 8.0%
- –
Growth
- +33.4%
- +32.8%
- −258.5%
- +8.7%
- +12.0%
Financial health
- 6.5×
- 1.15
- 52.9%
- 3.8×
- 5.44
- 5.44
- 0.12
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 1%of 848
Top 10%of 728
Top 22%of 880
Top 14%of 878
Bottom 7%of 932
What analysts expect
- Average price target
- $18.63
- Range
- $17.50 – $19.75
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.48 | 0.47 | +2.1% |
| Feb 12, 2026 | 0.48 | 0.48 | +0.0% |
| Oct 30, 2025 | 0.49 | 0.48 | +2.1% |
| Jul 31, 2025 | 0.50 | 0.47 | +6.4% |
| May 1, 2025 | 0.45 | 0.46 | −2.2% |
| Feb 13, 2025 | 0.49 | 0.51 | −3.9% |
| Oct 30, 2024 | 0.51 | 0.51 | +0.0% |
| Aug 1, 2024 | 0.51 | 0.51 | +0.0% |
12.6%of the share price, paid each year
On $1,000 invested$126a year at today's yield, before tax
+8.7%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$1.24 in 2015 → $2.09 in 2025
How safe it looks
96.0% of its profit
Room to growStretchedMore than it earnsNews
Here's Why Hercules Capital (HTGC) Fell More Than Broader MarketYahoo Finance · Sep 23, 2026The newest story we have is from Sep 23, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
91Pass
Philip Fisher
75Pass
Peter Lynch
100Pass
Joel Greenblatt
98Pass
Charlie Munger
62Pass
Terry Smith
62Pass
Questions about Hercules Capital
Is Hercules Capital a good stock to buy?
A business with weak numbers, and the price looks low. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Hercules Capital AI analysis
What does Hercules Capital do?
Hercules Capital, Inc. is a business development company. It is in Asset Management, based in San Mateo, CA, United States, with 100 employees.
Does Hercules Capital pay a dividend?
Yes. At today's price the dividend is 12.6% a year, about 96% of its yearly profit. In 2025 it paid out $326 million in dividends.
Is Hercules Capital stock halal?
No. Hercules Capital does not pass our halal screen: its debt is 77% of its market value, at or above the 33% limit. How we check
How has Hercules Capital stock done over the past year?
Down 10.1% over the past twelve months, to $15.87. It traded between $13.89 and $19.05 and is 16.7% below its high.
Who are Hercules Capital's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Hercules Capital's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.