Horizon Technology Finance (HRZN) FCF Margin (2021 - 2026)

Horizon Technology Finance (HRZN) reported FCF Margin of 174.95% for Q1 2026, down 12117.0% year-over-year from N/an in Q1 2025, and down 18.83% on a QoQ basis from 147.23% in Q4 2025.

Horizon Technology Finance (HRZN) has 6 years of FCF Margin data on file, last reported at 174.95% in Q1 2026.

  • Quarterly FCF Margin fell 12117.0% year-over-year to 174.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.97% (up 4249.0% YoY) and the FY2025 annual result came in at 58.98%, up 5504.0% from the prior year.
  • FCF Margin retreated to 174.95% in Q1 2026 per HRZN's latest filing, from 147.23% in the prior quarter.
  • Across five years, FCF Margin topped out at 211.42% in Q2 2024 and bottomed at 389.76% in Q1 2022.
  • The 5-year median for FCF Margin is 81.43% (2023), against an average of 74.61%.
  • The widest annual swing landed in 2022, when FCF Margin sank 35541 bps; it then soared 43516 bps in 2023.
  • Tracing HRZN's FCF Margin over 5 years: stood at 369.07% in 2022, then jumped by 111 bps to 39.83% in 2023, then sank by 379 bps to 111.0% in 2024, then slumped by 33 bps to 147.23% in 2025, then retreated by 19 bps to 174.95% in 2026.
  • Per Business Quant, the three latest HRZN FCF Margin figures stand at 174.95% (Q1 2026), 147.23% (Q4 2025), and 192.41% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -16.21%
2 Blackstone 92.68 Bn 91.63 Bn - 26.47%
3 Kkr 84.94 Bn 132.45 Bn - 39.82%
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 24.81%
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 32.02%
6 State Street 44.42 Bn 18.75 Bn - -327.00%
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 8.80%
8 Northern Trust 31.21 Bn 31.21 Bn - -24.56%
9 Ares Management 28.85 Bn 32.22 Bn - 27.99%
10 Horizon Technology Finance 215.76 Mn 215.76 Mn - -174.95%

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -174.95%
Dec 31, 2025 -147.23%
Sep 30, 2025 192.41%
Jun 30, 2025 202.29%
Mar 31, 2025 -53.78%
Dec 31, 2024 -111.00%
Sep 30, 2024 -115.04%
Jun 30, 2024 211.42%
Mar 31, 2024 15.47%
Dec 31, 2023 39.83%
Sep 30, 2023 -81.43%
Jun 30, 2023 -19.50%
Mar 31, 2023 45.40%
Dec 31, 2022 -369.07%
Sep 30, 2022 -215.52%
Jun 30, 2022 -297.91%
Mar 31, 2022 -389.76%
Dec 31, 2021 -13.67%