Hercules Capital Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	2,636	3,377	3,321	2,489	1,706	1,905
Market Cap Growth	-28.44%	1.68%	33.45%	45.84%	-10.43%	16.05%
Enterprise Value	4,881	5,516	5,040	4,095	3,177	3,086
Last Close Price	14.52	18.23	17.61	13.21	9.24	10.21
PE Ratio	7.83	10.02	12.77	7.45	17.09	11.05
Forward PE	7.49	9.36	10.06	8.29	7.87	12.15
PS Ratio	4.95	6.34	6.73	5.40	5.31	6.78
PB Ratio	1.18	1.52	1.67	1.38	1.22	1.46
P/TBV Ratio	1.19	1.52	1.67	1.38	1.22	1.46
P/FCF Ratio	-	-	-	36.93	-	14.83
P/OCF Ratio	-	-	-	36.45	-	14.81
PEG Ratio	-	9.49	9.49	9.49	9.49	9.49
EV/Sales Ratio	9.17	10.36	10.21	8.89	9.88	10.98
EV/EBITDA Ratio	10.96	12.39	12.23	10.73	12.68	14.46
EV/EBIT Ratio	10.97	12.40	12.24	10.73	12.69	14.48
EV/FCF Ratio	-	-	-	60.76	-	24.01
Debt / Equity Ratio	1.04	1.04	0.90	0.87	1.13	0.95
Debt / EBITDA Ratio	5.13	5.13	4.30	4.05	6.22	5.74
Debt / FCF Ratio	-	-	-	23.15	-	9.68
Net Debt / Equity Ratio	1.01	1.01	0.84	0.81	1.12	0.85
Net Debt / EBITDA Ratio	5.04	5.04	4.06	3.83	6.24	5.20
Net Debt / FCF Ratio	-5.27	-5.27	-14.09	21.68	-3.68	8.64
Asset Turnover	0.13	0.13	0.14	0.14	0.11	0.11
Quick Ratio	0.19	0.19	0.65	0.83	1.00	0.35
Current Ratio	0.20	0.20	0.66	1.00	1.23	0.36
Return on Equity (ROE)	16.16%	16.16%	13.87%	21.07%	7.53%	13.40%
Return on Assets (ROA)	6.61%	6.61%	7.10%	7.40%	5.56%	5.10%
Return on Capital Employed (ROCE)	10.90%	10.90%	11.40%	11.70%	8.40%	9.80%
Earnings Yield	12.79%	10.06%	7.92%	13.56%	5.98%	9.14%
FCF Yield	-16.16%	-12.61%	-3.58%	2.71%	-24.90%	6.74%
Dividend Yield	12.88%	8.77%	9.09%	12.04%	15.47%	12.83%
Payout Ratio	101.39%	81.26%	95.62%	67.21%	165.87%	83.47%
Buyback Yield / Dilution	-16.87%	-16.87%	-11.58%	-14.34%	-9.23%	-3.28%
Total Shareholder Return	-3.92%	-8.09%	-2.50%	-2.31%	6.24%	9.54%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q