Hercules Capital Inc
Research Hercules Capital Inc (HTGC) on Bullrun: valuation model: 13.8% undervalued, market cap USD 3.10B, P/E 8.3, dividend yield 11.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHTGC
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal13.8% undervalued
- Market capUSD 3.10B
- P/E8.3
- Dividend yield11.5%
- Financial periodQ2 2026
- RevenueUSD 158.25M
- Net incomeUSD 130.18M
- Free cash flowUSD 297.92M
Valuation Snapshot
Bullrun's latest valuation model marks Hercules Capital Inc as 13.8% undervalued; latest market cap is USD 3.10B; P/E is 8.3; dividend yield is 11.5%.
Peer valuation comparison
Latest P/E is 8.31x versus a Financial Services sector median of 13.41x (38.0% below).
Latest dividend yield is 11.46% versus a Financial Services sector median of 3.66% (213.5% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 438.52M | USD 339.74M | -USD 425.89M | n/a | 1.85 | USD 56.99M | USD 2.29B | USD 2.22B |
| FY2024 | USD 353.75M | USD 262.97M | -USD 118.79M | n/a | 1.61 | USD 42.68M | USD 1.77B | USD 1.99B |
| FY2023 | USD 426.50M | USD 337.48M | USD 67.39M | n/a | 2.31 | USD 98.10M | USD 1.55B | USD 1.80B |
| FY2022 | USD 184.64M | USD 102.08M | -USD 424.91M | n/a | 0.79 | USD 14.62M | USD 1.57B | USD 1.40B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 3.10B | 8.3 | 11.4% | 1.88 |
| 2025 | 2025-12-31 | USD 3.44B | 10.2 | 10.0% | 1.88 |
| 2024 | 2024-12-31 | USD 3.43B | 12.5 | 9.2% | 1.84 |
| 2023 | 2023-12-29 | USD 2.52B | 8.3 | 11.4% | 1.9 |
| 2022 | 2022-12-30 | USD 1.72B | 41.3 | 14.9% | 1.97 |
| 2021 | 2021-12-31 | USD 1.93B | 11.5 | 9.3% | 1.55 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.88 USD, yield 11.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.88 USD |
| FY2024 | 1.84 USD |
| FY2023 | 1.9 USD |
| FY2022 | 1.97 USD |
About Hercules Capital Inc
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.
Related stock research
Other Financial Services stocks
Frequently asked questions
Is Hercules Capital Inc overvalued or undervalued?
Bullrun's valuation model currently marks Hercules Capital Inc as 13.8% undervalued.
What is Hercules Capital Inc's market cap?
Hercules Capital Inc's market capitalization is USD 3.10B.
What is Hercules Capital Inc's P/E ratio?
Hercules Capital Inc's price-to-earnings (P/E) ratio is 8.3.
Does Hercules Capital Inc pay a dividend?
Hercules Capital Inc has a dividend yield of 11.5%.
What does Hercules Capital Inc do?
Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.