WhiteHorse Finance (WHF) Invested Capital (2012 - 2026)
WhiteHorse Finance (WHF) reported Invested Capital of $578.71 million for Q3 2026, down 1.7% from $588.77 million a year earlier but up 0.3% from the prior quarter.
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Analysis
WhiteHorse Finance (WHF) Invested Capital (2012 - 2026) Analysis & Trends
For FY2025, WhiteHorse Finance posted Invested Capital of $583.63 million, down 8.7% from FY2024.
- Invested Capital has declined for three consecutive years, though with a five-year compound annual growth rate of 29.1% (FY2020 to FY2025).
- By year, Invested Capital came in at $639.25 million in FY2024 (-23.1%), $831.68 million in FY2023 (-6.8%), $892.81 million in FY2022 (+263.9%) and $245.35 million in FY2021 (+50.5%).
- Five-year quarterly Invested Capital spans a low of $245.35 million in Q4 2021 and a high of $892.81 million in Q4 2022.
- Year over year, Invested Capital has now declined in each of the last 13 quarters, with an average decline of 9.6% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q4 2022 (growth of 263.9%); the low point was Q4 2024 (a decline of 23.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $577.26 million (Q2 2026), $574.48 million (Q1 2026) and $583.63 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 18.38 Bn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 59.93 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 71.63 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 4,288.89 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 24.66 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 8.66 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 7.92 Bn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 26.98 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 54.27 Bn |
| 10 | WhiteHorse Finance | 177.40 Mn | 143.00 Mn | - | 578.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 578.71 Mn |
| Jun 30, 2026 | 577.26 Mn |
| Mar 31, 2026 | 574.48 Mn |
| Dec 31, 2025 | 583.63 Mn |
| Sep 30, 2025 | 588.77 Mn |
| Jun 30, 2025 | 637.93 Mn |
| Mar 31, 2025 | 642.58 Mn |
| Dec 31, 2024 | 639.25 Mn |
| Sep 30, 2024 | 649.67 Mn |
| Jun 30, 2024 | 671.58 Mn |
| Mar 31, 2024 | 704.12 Mn |
| Dec 31, 2023 | 831.68 Mn |
| Sep 30, 2023 | 720.44 Mn |
| Jun 30, 2023 | 750.01 Mn |
| Mar 31, 2023 | 753.68 Mn |
| Dec 31, 2022 | 892.81 Mn |
| Sep 30, 2022 | 774.01 Mn |
| Jun 30, 2022 | 527.14 Mn |
| Mar 31, 2022 | 525.89 Mn |
| Dec 31, 2021 | 245.35 Mn |
API Access
WhiteHorse Finance Invested Capital 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=invested-capital&ticker=WHF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "WHF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=WHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();