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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Hercules Capital (HTGC) Net Margin (2021 - 2026)

Hercules Capital's Net Margin history spans 5 years, with the latest figure at 43.29% for Q4 2025.

  • On a quarterly basis, Net Margin fell 579.0% to 43.29% in Q4 2025 year-over-year; TTM through Dec 2025 was 45.77%, a 343.0% decrease, with the full-year FY2025 number at 45.77%, down 343.0% from a year prior.
  • Net Margin hit 43.29% in Q4 2025 for Hercules Capital, down from 45.38% in the prior quarter.
  • Over the last five years, Net Margin for HTGC hit a ceiling of 55.33% in Q4 2023 and a floor of 27.42% in Q3 2021.
  • Historically, Net Margin has averaged 45.22% across 5 years, with a median of 47.43% in 2021.
  • Biggest five-year swings in Net Margin: skyrocketed 1313bps in 2023 and later crashed -625bps in 2024.
  • Tracing HTGC's Net Margin over 5 years: stood at 47.28% in 2021, then grew by 7bps to 50.38% in 2022, then increased by 10bps to 55.33% in 2023, then decreased by -11bps to 49.08% in 2024, then fell by -12bps to 43.29% in 2025.
  • Business Quant data shows Net Margin for HTGC at 43.29% in Q4 2025, 45.38% in Q3 2025, and 47.09% in Q2 2025.