Hercules Capital (HTGC) Price to Earnings (2009 - 2026)
Hercules Capital's Price to Earnings was 8.94 in Q3 2026, down 19.3% from 11.08 a year earlier but up 16.0% from the prior quarter.
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Analysis
Hercules Capital (HTGC) Price to Earnings (2009 - 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.
- Quarterly Price to Earnings has moved between 7.02 (Q2 2023) and 14.97 (Q1 2025) over five years.
- Compared with a year earlier, Price to Earnings has declined for four straight quarters, with growth averaging 3.5% 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 Q3 2026 was 7.70 (Q2 2026), 8.33 (Q1 2026) and 10.12 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Hercules Capital | 3.01 Bn | 2.66 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.94 |
| 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 |
| Dec 31, 2022 | 17.23 |
| Sep 30, 2022 | 34.85 |
| Jun 30, 2022 | 126.19 |
| Mar 31, 2022 | 20.87 |
| Dec 31, 2021 | 11.11 |
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();