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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 - 2025)

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

  • For Q4 2025, Net Margin fell 579.0% year-over-year to 43.29%; the TTM value through Dec 2025 reached 45.77%, down 343.0%, while the annual FY2025 figure was 45.77%, 343.0% down from the prior year.
  • Net Margin for Q4 2025 was 43.29% at Hercules Capital, down from 45.38% in the prior quarter.
  • Across five years, Net Margin topped out at 55.97% in Q4 2021 and bottomed at 37.66% in Q3 2022.
  • The 5-year median for Net Margin is 48.64% (2023), against an average of 48.08%.
  • The largest annual shift saw Net Margin soared 1244bps in 2023 before it tumbled -625bps in 2024.
  • A 5-year view of Net Margin shows it stood at 55.97% in 2021, then fell by -10bps 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.
  • Per Business Quant, the three most recent readings for HTGC's Net Margin are 43.29% (Q4 2025), 45.38% (Q3 2025), and 47.09% (Q2 2025).