HTGC (Hercules Capital) Total Payout Ratio: 0.36 (As of Jul. 12, 2026)

What is Hercules Capital Total Payout Ratio?

Hercules Capital HTGC +2.04% 60 Total Payout Ratio is 0.36 as of Jul. 12, 2026. GuruFocus rates HTGC with a GF Score™ of 60/100 and a GF Value™ of $18.75 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income.

Hercules Capital's current Total Payout Ratio is 0.36.

Hercules Capital Total Payout Ratio Related Terms

Hercules Capital Total Payout Ratio Historical Data

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The historical data trend for Hercules Capital's Total Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hercules Capital Total Payout Ratio Chart

Hercules Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Total Payout Ratio

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0.96

0.17

-0.17

0.33

0.37

Hercules Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Total Payout Ratio	Get a 7-Day Free Trial															0.84	-0.88	0.71	0.75	0.82

HTGC vs JPC, FSK, DBRG: Total Payout Ratio Comparison

For the Asset Management subindustry, Hercules Capital's Total Payout Ratio, along with its competitors' market caps and Total Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hercules Capital Total Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hercules Capital's Total Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hercules Capital's Total Payout Ratio falls into.

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Hercules Capital Inc HTGC

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Hercules Capital Total Payout Ratio Calculation

Total Payout Ratio is a measurement showing the proportion of earnings a company pays shareholders in the form of dividends and net stock repurchases.

Hercules Capital's Total Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Total Payout Ratio	=	- (Repurchase of Stock	+	Issuance of Stock	+	Cash Flow for Dividends)	/	Net Income
	=	- (-6.49	+	206.789	+	-325.992)	/	339.737
	=	0.37

Hercules Capital's Total Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Total Payout Ratio	=	- (Repurchase of Stock	+	Issuance of Stock	+	Cash Flow for Dividends)	/	Net Income
	=	- (-3.366	+	52.893	+	-84.415)	/	42.502
	=	0.82

Frequently Asked Questions Learn more about Total Payout Ratio →

What does a Total Payout Ratio of 0.36 mean?

Hercules Capital (HTGC) has a Total Payout Ratio of 0.36 as of Jul. 12, 2026. Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income. View historical data on Hercules Capital and its competitors.

Is Hercules Capital's Total Payout Ratio too high?

Hercules Capital's current Total Payout Ratio is 0.36. Overall, Hercules Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hercules Capital's Total Payout Ratio compare to JPC and FSK?

Hercules Capital's Total Payout Ratio of 0.36 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Payout Ratio for an Asset Management company?

A good Total Payout Ratio depends on the Asset Management industry context. However, Total Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Payout Ratio mean?

A high Total Payout Ratio can signal that a stock is expensive relative to its fundamentals. Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income. View historical data on Hercules Capital and its competitors. Hercules Capital's current Total Payout Ratio is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hercules Capital stock overvalued right now?

Based on GuruFocus' analysis, Hercules Capital (HTGC) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.75, compared to a current price of $16.01 — trading 14.6% below its estimated fair value. The current Total Payout Ratio is 0.36. Hercules Capital's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Payout Ratio calculated?

Total Payout Ratio is calculated from a company's financial statements. For Hercules Capital (HTGC), the current Total Payout Ratio is 0.36 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hercules Capital (HTGC) Overvalued in 2026?

Based on GuruFocus' analysis, Hercules Capital stock appears to be undervalued. The current stock price of $16.01 is trading 14.6% below its estimated GF Value™ of $18.75. GuruFocus considers Hercules Capital to be Modestly Undervalued.

Key valuation signals for HTGC:

Total Payout Ratio: 0.36
GF Value™: $18.75 vs. price of $16.01 (14.6% below fair value)
GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the HTGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hercules Capital Business Description

Industry Financial Services Asset Management

Comparable Companies JPC FSK DBRG EXG NAD ADX UTF NVG WT CSQ BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges 0J4M:UK 19H:Germany

Address 1 North B Street, Suite 2000, San Mateo, CA, USA, 94401

Website https://www.htgc.com

Hercules Capital Inc is a specialty finance company focused on providing senior secured loans to high-growth, venture capital-backed, and institutional-backed companies in a variety of technology and life sciences industries. The company's primary business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments mainly in structured debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology-related industries at attractive yields. It finances companies belonging to computer software and hardware, networking systems, semiconductors, medical devices, bio-pharmaceutical, and other related sectors.

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$16.01

Price

$18.75

GF Value

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