Hercules Capital (HTGC) Price to Earnings (2023 - 2026)
Hercules Capital's Price to Earnings was 7.70 in Q2 2026, down 39.8% from 12.81 a year earlier and down 7.5% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Price to Earnings (2023 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Hercules Capital came in at 10.12, down 22.3% from FY2024.
- In earlier years, Price to Earnings was 13.03 in FY2024 (+67.2%), 7.79 in FY2023 (-54.8%), 17.23 in FY2022 (+55.1%) and 11.11 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Price to Earnings since Q2 2023.
- Compared with a year earlier, Price to Earnings has declined for three straight quarters, with growth averaging 7.4% over the last eight quarters.
- The best year-over-year quarter for Price to Earnings over five years was Q2 2024 (growth of 68.5%); the worst was Q1 2026 (a decline of 44.4%).
- Per Business Quant data, HTGC's Price to Earnings in the three quarters before Q2 2026 was 8.33 (Q1 2026), 10.12 (Q4 2025) and 11.08 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - |
| 10 | Hercules Capital | 3.13 Bn | 2.96 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.70 |
| Mar 31, 2026 | 8.33 |
| Dec 31, 2025 | 10.12 |
| Sep 30, 2025 | 11.08 |
| Jun 30, 2025 | 12.81 |
| Mar 31, 2025 | 14.97 |
| Dec 31, 2024 | 13.03 |
| Sep 30, 2024 | 9.92 |
| Jun 30, 2024 | 11.82 |
| Mar 31, 2024 | 8.96 |
| Dec 31, 2023 | 7.79 |
| Sep 30, 2023 | 8.87 |
| Jun 30, 2023 | 7.02 |
| Mar 31, 2023 | 8.93 |
API Access
Hercules Capital Price to Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-earnings&ticker=HTGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "HTGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-earnings&ticker=HTGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();