Hercules Capital annual return on equity
2020
2021
2022
2023
2024
2025
Hercules Capital Return on Equity (ROE) Growth & History (HTGC)
Hercules Capital's return on equity was 16.16% for fiscal 2025.
View full Hercules Capital company overviewHercules Capital annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 16.16% | +2.29 pp |
| 2024 | 2024-12-31 | 13.87% | −7.20 pp |
| 2023 | 2023-12-31 | 21.07% | +13.53 pp |
| 2022 | 2022-12-31 | 7.53% | −5.86 pp |
| 2021 | 2021-12-31 | 13.40% | −5.35 pp |
| 2020 | 2020-12-31 | 18.75% | — |
Hercules Capital quarterly return on equity
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.78% | +1.98 pp |
| Q1 2026 | 2026-03-31 | 1.91% | −0.61 pp |
| Q4 2025 | 2025-12-31 | 4.12% | +0.92 pp |
| Q3 2025 | 2025-09-30 | 5.51% | +1.81 pp |
| Q2 2025 | 2025-06-30 | 3.80% | +1.56 pp |
| Q1 2025 | 2025-03-31 | 2.52% | −2.41 pp |
| Q4 2024 | 2024-12-31 | 3.20% | −3.76 pp |
| Q3 2024 | 2024-09-30 | 3.71% | +1.98 pp |
| Q2 2024 | 2024-06-30 | 2.24% | −3.91 pp |
| Q1 2024 | 2024-03-31 | 4.93% | −1.59 pp |
| Q4 2023 | 2023-12-31 | 6.96% | +2.43 pp |
| Q3 2023 | 2023-09-30 | 1.73% | — |
| Q2 2023 | 2023-06-30 | 6.15% | — |
| Q1 2023 | 2023-03-31 | 6.52% | — |
| Q4 2022 | 2022-12-31 | 4.52% | — |
Hercules Capital return on equity trends
Over the last five fiscal years, Hercules Capital's return on equity decreased from 18.75% to 16.16%, a change of −2.59 percentage points. The latest reported quarter, Q2 2026, shows 5.78%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hercules Capital source filings ↗