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LOAN vs TPVG vs HRZN vs CSWC
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
Asset Management
Asset Management
LOAN vs TPVG vs HRZN vs CSWC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | REIT - Mortgage | Asset Management | Asset Management | Asset Management |
| Market Cap | $49M | $226M | $219M | $1.44B |
| Revenue (TTM) | $8M | $97M | $40M | $164M |
| Net Income (TTM) | $5M | $46M | $28M | $103M |
| Gross Margin | 99.9% | 83.5% | 18.0% | 66.5% |
| Operating Margin | 58.1% | 77.9% | -4.0% | 48.5% |
| Forward P/E | 8.7x | 6.0x | 6.2x | 10.1x |
| Total Debt | $23M | $469M | $473M | $956M |
| Cash & Equiv. | $178K | $20M | $106M | $43M |
LOAN vs TPVG vs HRZN vs CSWC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Manhattan Bridge Ca… (LOAN) | 100 | 95.7 | -4.3% |
| TriplePoint Venture… (TPVG) | 100 | 55.6 | -44.4% |
| Horizon Technology … (HRZN) | 100 | 42.1 | -57.9% |
| Capital Southwest C… (CSWC) | 100 | 173.0 | +73.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LOAN vs TPVG vs HRZN vs CSWC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LOAN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.12, yield 10.8%
- Lower volatility, beta 0.12, Low D/E 52.1%, current ratio 31.09x
- Beta 0.12, yield 10.8%, current ratio 31.09x
- 70.0% margin vs HRZN's -6.6%
TPVG is the clearest fit if your priority is growth exposure and bank quality.
- Rev growth 36.6%, EPS growth 48.8%
- NIM 7.4% vs CSWC's 7.0%
- 36.6% NII/revenue growth vs CSWC's 7.7%
HRZN is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.26 vs TPVG's 5.96
- Lower P/E (6.2x vs 10.1x)
- 27.4% yield, vs CSWC's 10.1%
CSWC is the clearest fit if your priority is long-term compounding.
- 231.6% 10Y total return vs LOAN's 102.3%
- +33.7% vs HRZN's -23.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs CSWC's 7.7% | |
| Value | Lower P/E (6.2x vs 10.1x) | |
| Quality / Margins | 70.0% margin vs HRZN's -6.6% | |
| Stability / Safety | Beta 0.12 vs CSWC's 0.84, lower leverage | |
| Dividends | 27.4% yield, vs CSWC's 10.1% | |
| Momentum (1Y) | +33.7% vs HRZN's -23.0% | |
| Efficiency (ROA) | 8.1% ROA vs HRZN's 3.6%, ROIC 8.5% vs -0.2% |
LOAN vs TPVG vs HRZN vs CSWC — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LOAN leads in 2 of 6 categories
HRZN leads 1 • CSWC leads 1 • TPVG leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
LOAN leads this category, winning 2 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
CSWC is the larger business by revenue, generating $164M annually — 21.7x LOAN's $8M. LOAN is the more profitable business, keeping 70.0% of every revenue dollar as net income compared to HRZN's -6.6%.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $8M | $97M | $40M | $164M |
| EBITDAEarnings before interest/tax | $4M | $63M | $19M | $142M |
| Net IncomeAfter-tax profit | $5M | $46M | $28M | $103M |
| Free Cash FlowCash after capex | $5M | $35M | $67M | -$69M |
| Gross MarginGross profit ÷ Revenue | +99.9% | +83.5% | +18.0% | +66.5% |
| Operating MarginEBIT ÷ Revenue | +58.1% | +77.9% | -4.0% | +48.5% |
| Net MarginNet income ÷ Revenue | +70.0% | +50.6% | -6.6% | +43.1% |
| FCF MarginFCF ÷ Revenue | +62.6% | -58.7% | +141.5% | -132.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.6% | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -8.3% | -100.0% | -29.6% | +113.3% |
Valuation Metrics
HRZN leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 4.4x trailing earnings, HRZN trades at a 73% valuation discount to CSWC's 16.5x P/E. Adjusting for growth (PEG ratio), HRZN offers better value at 0.18x vs TPVG's 4.50x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $49M | $226M | $219M | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $71M | $674M | $586M | $2.4B |
| Trailing P/EPrice ÷ TTM EPS | 8.67x | 4.57x | 4.36x | 16.46x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.04x | 6.20x | 10.14x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.50x | 0.18x | — |
| EV / EBITDAEnterprise value multiple | 8.97x | 8.90x | — | 27.57x |
| Price / SalesMarket cap ÷ Revenue | 5.02x | 2.32x | 5.47x | 8.78x |
| Price / BookPrice ÷ Book value/share | 1.12x | 0.63x | 0.61x | 1.40x |
| Price / FCFMarket cap ÷ FCF | 9.87x | — | 3.87x | — |
Profitability & Efficiency
LOAN leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
TPVG delivers a 13.1% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $9 for HRZN. LOAN carries lower financial leverage with a 0.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to HRZN's 1.49x. On the Piotroski fundamental quality scale (0–9), LOAN scores 7/9 vs CSWC's 1/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +12.2% | +13.1% | +9.0% | +10.3% |
| ROA (TTM)Return on assets | +8.1% | +5.6% | +3.6% | +4.8% |
| ROICReturn on invested capital | +8.5% | +7.2% | -0.2% | +3.5% |
| ROCEReturn on capital employed | +11.3% | +9.4% | -0.2% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 | 5 | 1 |
| Debt / EquityFinancial leverage | 0.52x | 1.33x | 1.49x | 1.08x |
| Net DebtTotal debt minus cash | $22M | $449M | $368M | $913M |
| Cash & Equiv.Liquid assets | $178,012 | $20M | $106M | $43M |
| Total DebtShort + long-term debt | $23M | $469M | $473M | $956M |
| Interest CoverageEBIT ÷ Interest expense | 3.38x | 2.15x | 0.60x | 2.91x |
Total Returns (Dividends Reinvested)
CSWC leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CSWC five years ago would be worth $15,214 today (with dividends reinvested), compared to $6,795 for HRZN. Over the past 12 months, CSWC leads with a +33.7% total return vs HRZN's -23.0%. The 3-year compound annual growth rate (CAGR) favors CSWC at 20.9% vs HRZN's -10.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -5.8% | -12.7% | -25.7% | +12.3% |
| 1-Year ReturnPast 12 months | -8.1% | +8.6% | -23.0% | +33.7% |
| 3-Year ReturnCumulative with dividends | +16.8% | -7.5% | -27.1% | +76.9% |
| 5-Year ReturnCumulative with dividends | +3.5% | -19.0% | -32.0% | +52.1% |
| 10-Year ReturnCumulative with dividends | +102.3% | +87.8% | +53.2% | +231.6% |
| CAGR (3Y)Annualised 3-year return | +5.3% | -2.6% | -10.0% | +20.9% |
Risk & Volatility
Evenly matched — LOAN and CSWC each lead in 1 of 2 comparable metrics.
Risk & Volatility
LOAN is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than CSWC's 0.84 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CSWC currently trades 99.0% from its 52-week high vs HRZN's 54.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.12x | 0.83x | 0.70x | 0.84x |
| 52-Week HighHighest price in past year | $5.85 | $7.53 | $8.46 | $24.43 |
| 52-Week LowLowest price in past year | $4.13 | $4.48 | $3.80 | $19.37 |
| % of 52W HighCurrent price vs 52-week peak | +72.6% | +74.0% | +54.1% | +99.0% |
| RSI (14)Momentum oscillator 0–100 | 39.5 | 55.8 | 47.2 | 66.1 |
| Avg Volume (50D)Average daily shares traded | 27K | 498K | 1.2M | 666K |
Analyst Outlook
Evenly matched — HRZN and CSWC each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: TPVG as "Hold", HRZN as "Hold", CSWC as "Buy". Consensus price targets imply 60.7% upside for TPVG (target: $9) vs -7.0% for CSWC (target: $23). For income investors, HRZN offers the higher dividend yield at 27.37% vs CSWC's 10.12%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | — | $8.95 | $6.50 | $22.50 |
| # AnalystsCovering analysts | — | 12 | 22 | 10 |
| Dividend YieldAnnual dividend ÷ price | +10.8% | +18.4% | +27.4% | +10.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 0 | 3 |
| Dividend / ShareAnnual DPS | $0.46 | $1.02 | $1.25 | $2.45 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% | 0.0% | 0.0% |
LOAN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HRZN leads in 1 (Valuation Metrics). 2 tied.
LOAN vs TPVG vs HRZN vs CSWC: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is LOAN or TPVG or HRZN or CSWC 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 7. 7% for Capital Southwest Corporation (CSWC). Horizon Technology Finance Corporation (HRZN) offers the better valuation at 4. 4x trailing P/E (6. 2x forward), making it the more compelling value choice. Analysts rate Capital Southwest Corporation (CSWC) a "Buy" — based on 10 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 — LOAN or TPVG or HRZN or CSWC?
On trailing P/E, Horizon Technology Finance Corporation (HRZN) is the cheapest at 4.
4x versus Capital Southwest Corporation at 16. 5x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Horizon Technology Finance Corporation wins at 0. 26x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — LOAN or TPVG or HRZN or CSWC?
Over the past 5 years, Capital Southwest Corporation (CSWC) delivered a total return of +52.
1%, compared to -32. 0% for Horizon Technology Finance Corporation (HRZN). Over 10 years, the gap is even starker: CSWC returned +231. 6% versus HRZN's +53. 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 — LOAN or TPVG or HRZN or CSWC?
By beta (market sensitivity over 5 years), Manhattan Bridge Capital, Inc.
(LOAN) is the lower-risk stock at 0. 12β versus Capital Southwest Corporation's 0. 84β — meaning CSWC is approximately 606% more volatile than LOAN relative to the S&P 500. On balance sheet safety, Manhattan Bridge Capital, Inc. (LOAN) carries a lower debt/equity ratio of 52% versus 149% for Horizon Technology Finance Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — LOAN or TPVG or HRZN or CSWC?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 7. 7% for Capital Southwest Corporation (CSWC). On earnings-per-share growth, the picture is similar: Horizon Technology Finance Corporation grew EPS 756. 3% year-over-year, compared to -28. 3% for Capital Southwest Corporation. 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 — LOAN or TPVG or HRZN or CSWC?
Manhattan Bridge Capital, Inc.
(LOAN) is the more profitable company, earning 57. 7% net margin versus -6. 6% for Horizon Technology Finance Corporation — meaning it keeps 57. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LOAN leads at 81. 6% versus -4. 0% for HRZN. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, 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 LOAN or TPVG or HRZN or CSWC more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Horizon Technology Finance Corporation (HRZN) is the more undervalued stock at a PEG of 0. 26x versus TriplePoint Venture Growth BDC Corp. 's 5. 96x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TriplePoint Venture Growth BDC Corp. (TPVG) trades at 6. 0x forward P/E versus 10. 1x for Capital Southwest Corporation — 4. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 60. 7% to $8. 95.
08Which pays a better dividend — LOAN or TPVG or HRZN or CSWC?
All stocks in this comparison pay dividends.
Horizon Technology Finance Corporation (HRZN) offers the highest yield at 27. 4%, versus 10. 1% for Capital Southwest Corporation (CSWC).
09Is LOAN or TPVG or HRZN or CSWC better for a retirement portfolio?
For long-horizon retirement investors, Manhattan Bridge Capital, Inc.
(LOAN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 12), 10. 8% yield, +102. 3% 10Y return). Both have compounded well over 10 years (LOAN: +102. 3%, 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 LOAN and TPVG and HRZN and CSWC?
These companies operate in different sectors (LOAN (Real Estate) and TPVG (Financial Services) and HRZN (Financial Services) and CSWC (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: LOAN is a small-cap high-growth stock; TPVG is a small-cap high-growth stock; HRZN is a small-cap high-growth stock; CSWC is a small-cap deep-value stock. 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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- Sector: Financial Services
- Market Cap > $100B
- Revenue Growth > 8%
- Dividend Yield > 10.9%
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