Wall Street analyst estimates for Hercules Capital, Inc. (HTGC): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $631M | $620M – $641M | $1.95 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 19 |
| Hold | 11 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 31 |
| Avg rating (−2 sell to +2 buy) | 0.58 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-11 | $0.48 | ||
| 2026-10-29 | $0.47 | $0.47 | -1.0% |
| 2026-07-30 | $0.50 | $0.48 | +3.1% |
| 2026-05-05 | $0.48 | $0.47 | +2.1% |
| 2026-02-12 | $0.48 | $0.48 | +0.0% |
| 2025-10-30 | $0.49 | $0.48 | +2.1% |
| 2025-07-31 | $0.50 | $0.47 | +6.4% |
| 2025-05-01 | $0.45 | $0.46 | -2.2% |
Valuation Ratios
| P/E Ratio | 9.02 |
| Price / Book | 1.33 |
| EV / EBITDA | 12.85 |
| Dividend Yield | 11.75% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $143.4M | $173.4M | $175.5M | $298.2M | $357.4M | $309.6M | $239.4M | $494.1M | $430.9M | $547.1M |
| Cost of Revenue | $32.0M | $37.9M | $39.4M | $54.6M | $59.6M | $54.4M | $54.7M | $67.6M | $77.2M | $69.8M |
| Gross Profit | $111.4M | $135.6M | $136.1M | $243.6M | $297.8M | $255.1M | $184.6M | $426.5M | $353.7M | $477.3M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $16.1M | $15.7M | $14.5M | $19.2M | $18.9M | $16.1M | $16.9M | $18.7M | $19.7M | $19.0M |
| Operating Expenses | $42.7M | $56.6M | $59.6M | $70.0M | $70.5M | $81.0M | $82.6M | $89.0M | $90.8M | $112.1M |
| Operating Income | $68.7M | $79.0M | $76.5M | $173.6M | $227.3M | $174.2M | $102.1M | $337.5M | $263.0M | $365.2M |
| EBITDA | $68.9M | $79.2M | $76.7M | $173.9M | $227.7M | $174.5M | $102.3M | $337.7M | $263.4M | $365.4M |
| Interest Expense | $32.0M | $37.9M | $39.4M | $54.6M | $59.6M | $54.4M | $54.7M | $67.6M | $77.2M | $92.2M |
| Pre-tax Income | $68.7M | $79.0M | $76.5M | $173.6M | $227.3M | $174.2M | $102.1M | $337.5M | $263.0M | $339.7M |
| Income Tax | 0 | $49.1M | $37,859 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | $68.7M | $79.0M | $76.5M | $173.6M | $227.3M | $174.2M | $102.1M | $337.5M | $263.0M | $339.7M |
| EPS | $0.91 | $0.95 | $0.83 | $1.71 | $2.02 | $1.50 | $0.80 | $2.32 | $1.61 | $1.90 |
| EPS (Diluted) | $0.91 | $0.95 | $0.83 | $1.71 | $2.01 | $1.49 | $0.79 | $2.31 | $1.61 | $1.85 |
| Shares Outstanding (Diluted) | 73.8 M | 82.6 M | 91.1 M | 101.6 M | 112.3 M | 116.0 M | 126.7 M | 144.8 M | 161.6 M | 194.8 M |
Price
| Price | $16.59 (closing price, October 30, 2026) |
| Market Cap | $3.1B |
| Exchange | NYSE |
| Country | US |
Related companies: ARCC · GBDC · MAIN · FSK
Explore sector: Financial Services · Asset Management
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