profit from every $100 of sales.
$0$100
WhiteHorse Finance
$8.26-0.60% today
+22.4% in 1 year
1-year low $6.191-year high $8.47
Trading close to its highest price of 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 $12.37 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 WhiteHorse Finance sold, what it kept, and what it did with the cash.
Sales went from $21.4 million in 2022 to $20.2 million in 2025, with $14.3 million of profit last year.
SalesProfit
WhiteHorse Finance handed back 57% of the cash it generated last year.
$37M
Free cash flow 2025$77M
Bought back its own shares$7M
Paid as dividends$37M
Cash vs. debt$7M vs. $324M
WhiteHorse Finance vs. similar companies
WhiteHorse Finance grows in the middle 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 |
|---|---|---|---|
| WhiteHorse Finance | 12.4× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads WhiteHorse Finance'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 |
|---|---|---|---|---|
| 21 | 26 | 17 | 20 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 16 | 20 | 11 | 14 | |
| 0.68 | 0.88 | 0.47 | 0.62 | |
| – | – | – | – | |
| – | – | – | – | |
| 73.4% | 79.5% | 63.5% | 71.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 796 | 731 | 677 | 615 |
| Cash | 10 | 11 | 12 | 7 |
| Total debt | 440 | 386 | 353 | 324 |
| Total liabilities | 464 | 414 | 391 | 355 |
| 332 | 317 | 286 | 260 | |
| 23 | 23 | 23 | 23 | |
| – | – | – | – | |
| 4.7% | 6.4% | 3.8% | 5.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 72 | 90 | 79 | 77 | |
| – | – | – | – | |
| 72 | 90 | 79 | 77 | |
| Dividends paid | 33 | 35 | 41 | 37 |
| – | 0 | 0 | 7 | |
| – | – | – | – |
Valuation
- 12.4×
- 7.6×
- –
- 0.6×
- 8.8×
- 2.3×
- –
- 43.6%
- 8.1%
- 18.0%
Profitability
- 51.2%
- 35.0%
- 71.1%
- 34.9%
- 2.3%
- 2.5%
- 3.6%
- 1.5%
- 2.5%
- –
Growth
- −1.9%
- −3.0%
- −75.5%
- −1.4%
- +2.3%
Financial health
- 18.4×
- 1.30
- 53.6%
- 0.7×
- –
- –
- 0.07
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.
Bottom 40%of 850
Top 24%of 733
Top 42%of 865
Bottom 17%of 861
Top 3%of 920
What analysts expect
- Average price target
- $12.00
- Range
- $12.00 – $12.00
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 7, 2026 | 0.26 | 0.28 | −7.1% |
| Mar 2, 2026 | 0.29 | 0.27 | +7.4% |
| Nov 10, 2025 | 0.26 | 0.29 | −10.5% |
| Aug 7, 2025 | 0.28 | 0.31 | −9.7% |
| May 12, 2025 | 0.29 | 0.33 | −12.1% |
| Mar 7, 2025 | 0.34 | 0.39 | −12.8% |
| Nov 7, 2024 | 0.39 | 0.42 | −7.1% |
| Aug 8, 2024 | 0.40 | 0.44 | −9.1% |
18.0%of the share price, paid each year
On $1,000 invested$180a year at today's yield, before tax
−1.4%2020 to 2025
Raised–not every year
Paid per share, each year
$1.42 in 2015 → $1.44 in 2025
How safe it looks
255.3% of its profit
Room to growStretchedMore than it earns: 47.4%
News
No recent news on file.
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
1/7Passes 1 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
53No pass
Benjamin Graham
74Pass
Philip Fisher
52No pass
Peter Lynch
26No pass
Joel Greenblatt
20No pass
Charlie Munger
44No pass
Terry Smith
47No pass
Questions about WhiteHorse Finance
Is WhiteHorse Finance a good stock to buy?
A business with weak numbers, and the price looks low. 1 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 WhiteHorse Finance AI analysis
What does WhiteHorse Finance do?
WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It prefers to invest in United States. It is in Asset Management.
Does WhiteHorse Finance pay a dividend?
Yes. At today's price the dividend is 18.0% a year, about 255% of its yearly profit. In 2025 it paid out $36.6 million in dividends.
Is WhiteHorse Finance stock halal?
No. WhiteHorse Finance does not pass our halal screen: its debt is 183% of its market value, at or above the 33% limit. How we check
How has WhiteHorse Finance stock done over the past year?
Up 22.4% over the past twelve months, to $8.26. It traded between $6.19 and $8.47 and is 2.5% below its high.
Who are WhiteHorse Finance'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 WhiteHorse Finance's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.