HCXY
Hercules Capital, Inc.
Asset Management
Market Cap$3.48B
5Y Perf.-3.1%
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Stock Comparison
HCXY vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$226M
5Y Perf.-44.4%
HCXY vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HCXY | TPVG |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $3.48B | $226M |
| Revenue (TTM) | $492M | $97M |
| Net Income (TTM) | $339M | $46M |
| Gross Margin | 97.6% | 83.5% |
| Operating Margin | 87.8% | 77.9% |
| Forward P/E | 12.7x | 6.0x |
| Total Debt | $2.30B | $469M |
| Cash & Equiv. | $57M | $20M |
HCXY vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HCXY
TPVG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hercules Capital, I… (HCXY) | 100 | 96.9 | -3.1% |
| TriplePoint Venture… (TPVG) | 100 | 55.6 | -44.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HCXY vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TPVG leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Hercules Capital, Inc. is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
HCXY
Hercules Capital, Inc.
The Banking Pick
HCXY is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.49, yield 5.9%
- Lower volatility, beta 0.49, current ratio 5.79x
- Beta 0.49, yield 5.9%, current ratio 5.79x
Best for: income & stability and sleep-well-at-night
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 87.8% 10Y total return vs HCXY's 52.2%
- 36.6% NII/revenue growth vs HCXY's 18.3%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs HCXY's 18.3% |
| Value | TPVG | Lower P/E (6.0x vs 12.7x) |
| Quality / Margins | TPVG | Efficiency ratio 0.1% vs HCXY's 0.1% (lower = leaner) |
| Stability / Safety | HCXY | Beta 0.49 vs TPVG's 0.83, lower leverage |
| Dividends | TPVG | 18.4% yield, vs HCXY's 5.9% |
| Momentum (1Y) | TPVG | +8.6% vs HCXY's +5.3% |
| Efficiency (ROA) | TPVG | Efficiency ratio 0.1% vs HCXY's 0.1% |
HCXY vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHCXYLAGGINGTPVG
TPVGTriplePoint Venture G…
2leads
HCXYHercules Capital, Inc.
4leads
6 Total Categories
CATEGORYLEADERvs TPVGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HCXY4/5
Valuation MetricsMultiples, price ratios, and targets
TPVG5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HCXY6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
HCXY4/6
Risk & VolatilityBeta, volatility, and downside exposure
HCXY2/2
Analyst OutlookRatings, price targets, and dividends
TPVG1/1
Income & Cash Flow (Last 12 Months)
HCXY leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
HCXY is the larger business by revenue, generating $492M annually — 5.1x TPVG's $97M. HCXY is the more profitable business, keeping 69.1% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| RevenueTrailing 12 months | $492M | $97M |
| EBITDAEarnings before interest/tax | $432M | $63M |
| Net IncomeAfter-tax profit | $339M | $46M |
| Free Cash FlowCash after capex | -$426M | $35M |
| Gross MarginGross profit ÷ Revenue | +97.6% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +87.8% | +77.9% |
| Net MarginNet income ÷ Revenue | +69.1% | +50.6% |
| FCF MarginFCF ÷ Revenue | -86.6% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +29.7% | -100.0% |
HCXY leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
TPVG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 4.6x trailing earnings, TPVG trades at a 66% valuation discount to HCXY's 13.4x P/E. On an enterprise value basis, TPVG's 8.9x EV/EBITDA is more attractive than HCXY's 13.3x.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| Market CapShares × price | $3.5B | $226M |
| Enterprise ValueMkt cap + debt − cash | $5.7B | $674M |
| Trailing P/EPrice ÷ TTM EPS | 13.36x | 4.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.65x | 6.04x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.50x |
| EV / EBITDAEnterprise value multiple | 13.25x | 8.90x |
| Price / SalesMarket cap ÷ Revenue | 7.08x | 2.32x |
| Price / BookPrice ÷ Book value/share | 2.11x | 0.63x |
| Price / FCFMarket cap ÷ FCF | — | — |
TPVG leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
HCXY leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
HCXY delivers a 15.8% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $13 for TPVG. HCXY carries lower financial leverage with a 1.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x. On the Piotroski fundamental quality scale (0–9), TPVG scores 5/9 vs HCXY's 4/9, reflecting solid financial health.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| ROE (TTM)Return on equity | +15.8% | +13.1% |
| ROA (TTM)Return on assets | +7.8% | +5.6% |
| ROICReturn on invested capital | +7.8% | +7.2% |
| ROCEReturn on capital employed | +10.4% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.04x | 1.33x |
| Net DebtTotal debt minus cash | $2.2B | $449M |
| Cash & Equiv.Liquid assets | $57M | $20M |
| Total DebtShort + long-term debt | $2.3B | $469M |
| Interest CoverageEBIT ÷ Interest expense | 17.03x | 2.15x |
HCXY leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
HCXY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HCXY five years ago would be worth $12,049 today (with dividends reinvested), compared to $8,097 for TPVG. Over the past 12 months, TPVG leads with a +8.6% total return vs HCXY's +5.3%. The 3-year compound annual growth rate (CAGR) favors HCXY at 7.2% vs TPVG's -2.6% — a key indicator of consistent wealth creation.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| YTD ReturnYear-to-date | -0.3% | -12.7% |
| 1-Year ReturnPast 12 months | +5.3% | +8.6% |
| 3-Year ReturnCumulative with dividends | +23.3% | -7.5% |
| 5-Year ReturnCumulative with dividends | +20.5% | -19.0% |
| 10-Year ReturnCumulative with dividends | +52.2% | +87.8% |
| CAGR (3Y)Annualised 3-year return | +7.2% | -2.6% |
HCXY leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
HCXY leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HCXY is the less volatile stock with a 0.49 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HCXY currently trades 96.1% from its 52-week high vs TPVG's 74.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.49x | 0.83x |
| 52-Week HighHighest price in past year | $25.71 | $7.53 |
| 52-Week LowLowest price in past year | $5.93 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +96.1% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 61.8 | 55.8 |
| Avg Volume (50D)Average daily shares traded | 3K | 498K |
HCXY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
TPVG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, TPVG offers the higher dividend yield at 18.40% vs HCXY's 5.91%.
| Metric | HCXYHercules Capital,… | TPVGTriplePoint Ventu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | — | 12 |
| Dividend YieldAnnual dividend ÷ price | +5.9% | +18.4% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.46 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | 0.0% |
TPVG leads this category, winning 1 of 1 comparable metric.
Key Takeaway
HCXY leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TPVG leads in 2 (Valuation Metrics, Analyst Outlook).
Best OverallHercules Capital, Inc. (HCXY)Leads 4 of 6 categories
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HCXY vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HCXY or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus 18. 3% for Hercules Capital, Inc. (HCXY). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 6x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate TriplePoint Venture Growth BDC Corp. (TPVG) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HCXY or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 6x versus Hercules Capital, Inc. at 13. 4x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x.
03Which is the better long-term investment — HCXY or TPVG?
Over the past 5 years, Hercules Capital, Inc.
(HCXY) delivered a total return of +20. 5%, compared to -19. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +87. 8% versus HCXY's +52. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HCXY or TPVG?
By beta (market sensitivity over 5 years), Hercules Capital, Inc.
(HCXY) is the lower-risk stock at 0. 49β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 71% more volatile than HCXY relative to the S&P 500. On balance sheet safety, Hercules Capital, Inc. (HCXY) carries a lower debt/equity ratio of 104% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — HCXY or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 18. 3% for Hercules Capital, Inc. (HCXY). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to 14. 9% for Hercules Capital, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HCXY or TPVG?
Hercules Capital, Inc.
(HCXY) is the more profitable company, earning 69. 1% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 69. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HCXY leads at 87. 8% versus 77. 9% for TPVG. At the gross margin level — before operating expenses — HCXY leads at 97. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HCXY or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 0x forward P/E versus 12. 7x for Hercules Capital, Inc. — 6. 6x cheaper on a one-year earnings basis.
08Which pays a better dividend — HCXY or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 18. 4%, versus 5. 9% for Hercules Capital, Inc. (HCXY).
09Is HCXY or TPVG better for a retirement portfolio?
For long-horizon retirement investors, Hercules Capital, Inc.
(HCXY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 49), 5. 9% yield). Both have compounded well over 10 years (HCXY: +52. 2%, TPVG: +87. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HCXY and TPVG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(HCXY: 18.3% · TPVG: 36.6%)Net Margin>
%
(HCXY: 69.1% · TPVG: 50.6%)P/E Ratio<
x
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