Hercules Capital (HCXY) EBT Margin (2021 - 2026)
Hercules Capital's (HCXY) quarterly EBT Margin came in at 41.43% in Q2 2026, down 444.0% year-over-year from 12.04% in Q2 2025, and up 2.36% quarter-over-quarter from 40.48% in Q1 2026.
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Hercules Capital (HCXY) EBT Margin (2021 - 2026) Analysis & Trends
Hercules Capital has disclosed EBT Margin across 6 years of filings, most recently posting 41.43% for Q2 2026.
- In Q2 2026, EBT Margin fell 444.0% year-over-year to 41.43%; the TTM figure through Jun 2026 stood at 42.25% (down 504.0% YoY), while the FY2025 annual figure was 44.8%, down 380.0% from the prior year.
- EBT Margin came in at 41.43% for Q2 2026 at Hercules Capital, up from 40.48% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 53.94% in Q4 2023 to a low of 34.22% in Q1 2022.
- Average EBT Margin over 5 years is 45.17%, with a median of 46.1% recorded in 2025.
- Year-over-year, EBT Margin surged 1918 bps in 2022 and tumbled 585 bps in 2026.
- Over 5 years, EBT Margin stood at 51.66% in 2022, then advanced by 4 bps to 53.94% in 2023, then declined by 10 bps to 48.51% in 2024, then retreated by 12 bps to 42.75% in 2025, then fell by 3 bps to 41.43% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 41.43% in Q2 2026, 40.48% in Q1 2026, and 42.75% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 19.92% |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 24.07% |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 13.43% |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 113.52% |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 8.96% |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 41.43% |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | - |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | -2.12% |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | -29.09% |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 8.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.43% |
| Mar 31, 2026 | 40.48% |
| Dec 31, 2025 | 42.75% |
| Sep 30, 2025 | 44.43% |
| Jun 30, 2025 | 45.87% |
| Mar 31, 2025 | 46.32% |
| Dec 31, 2024 | 48.51% |
| Sep 30, 2024 | 48.54% |
| Jun 30, 2024 | 48.68% |
| Mar 31, 2024 | 48.65% |
| Dec 31, 2023 | 53.94% |
| Sep 30, 2023 | 49.55% |
| Jun 30, 2023 | 48.22% |
| Mar 31, 2023 | 44.29% |
| Dec 31, 2022 | 51.66% |
| Sep 30, 2022 | 39.56% |
| Jun 30, 2022 | 35.97% |
| Mar 31, 2022 | 34.22% |
| Dec 31, 2021 | 32.48% |
| Sep 30, 2021 | 30.83% |