Hercules Capital (HCXY) EBIT Margin (2021 - 2026)
Hercules Capital's (HCXY) quarterly EBIT Margin came in at 62.31% in Q2 2026, down 224.0% year-over-year from 50.25% in Q2 2025, and little changed quarter-over-quarter from 62.25% in Q1 2026.
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Hercules Capital (HCXY) EBIT Margin (2021 - 2026) Analysis & Trends
Hercules Capital has disclosed EBIT Margin across 6 years of filings, most recently posting 62.31% for Q2 2026.
- In Q2 2026, EBIT Margin fell 224.0% year-over-year to 62.31%; the TTM figure through Jun 2026 stood at 62.98% (down 260.0% YoY), while the FY2025 annual figure was 64.17%, down 184.0% from the prior year.
- EBIT Margin came in at 62.31% for Q2 2026 at Hercules Capital, roughly flat from 62.25% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 70.18% in Q4 2023 to a low of 54.92% in Q1 2022.
- Average EBIT Margin over 5 years is 63.38%, with a median of 64.34% recorded in 2025.
- Year-over-year, EBIT Margin surged 948 bps in 2023 and plunged 355 bps in 2024.
- Over 5 years, EBIT Margin stood at 62.03% in 2022, then gained by 13 bps to 70.18% in 2023, then fell by 5 bps to 66.63% in 2024, then fell by 5 bps to 63.29% in 2025, then retreated by 2 bps to 62.31% in 2026.
- Per Business Quant data, the three most recent EBIT Margin figures were 62.31% in Q2 2026, 62.25% in Q1 2026, and 63.29% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 47.79% |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 55.61% |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 44.07% |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 62.71% |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 41.14% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 62.31% |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 45.39% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 8.79% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 48.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.31% |
| Mar 31, 2026 | 62.25% |
| Dec 31, 2025 | 63.29% |
| Sep 30, 2025 | 64.12% |
| Jun 30, 2025 | 64.55% |
| Mar 31, 2025 | 64.81% |
| Dec 31, 2024 | 66.63% |
| Sep 30, 2024 | 66.40% |
| Jun 30, 2024 | 65.88% |
| Mar 31, 2024 | 65.13% |
| Dec 31, 2023 | 70.18% |
| Sep 30, 2023 | 65.78% |
| Jun 30, 2023 | 65.13% |
| Mar 31, 2023 | 62.33% |
| Dec 31, 2022 | 62.03% |
| Sep 30, 2022 | 59.36% |
| Jun 30, 2022 | 55.65% |
| Mar 31, 2022 | 54.92% |
| Dec 31, 2021 | 55.69% |
| Sep 30, 2021 | 54.26% |