TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$226M
5Y Perf.-44.4%
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Stock Comparison
TPVG vs HTGC
Revenue, margins, valuation, and 5-year total return — side by side.
HTGC
Hercules Capital, Inc.
Asset Management
Market Cap$3.02B
5Y Perf.+47.6%
TPVG vs HTGC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TPVG | HTGC |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $226M | $3.02B |
| Revenue (TTM) | $97M | $547M |
| Net Income (TTM) | $46M | $289M |
| Gross Margin | 83.5% | 87.2% |
| Operating Margin | 77.9% | 66.7% |
| Forward P/E | 6.0x | 8.4x |
| Total Debt | $469M | $2.30B |
| Cash & Equiv. | $20M | $57M |
TPVG vs HTGC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TPVG
HTGC
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| TriplePoint Venture… (TPVG) | 100 | 55.6 | -44.4% |
| Hercules Capital, I… (HTGC) | 100 | 147.6 | +47.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TPVG vs HTGC
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.
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.83, yield 18.4%
- Rev growth 36.6%, EPS growth 48.8%
- 36.6% NII/revenue growth vs HTGC's 27.0%
Best for: income & stability and growth exposure
HTGC
Hercules Capital, Inc.
The Banking Pick
HTGC is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 173.0% 10Y total return vs TPVG's 87.8%
- Lower volatility, beta 0.69, current ratio 1.44x
- Beta 0.69, yield 8.6%, current ratio 1.44x
Best for: long-term compounding and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs HTGC's 27.0% |
| Value | TPVG | Lower P/E (6.0x vs 8.4x) |
| Quality / Margins | TPVG | Efficiency ratio 0.1% vs HTGC's 0.2% (lower = leaner) |
| Stability / Safety | HTGC | Beta 0.69 vs TPVG's 0.83, lower leverage |
| Dividends | TPVG | 18.4% yield, vs HTGC's 8.6% |
| Momentum (1Y) | TPVG | +8.6% vs HTGC's +5.7% |
| Efficiency (ROA) | TPVG | Efficiency ratio 0.1% vs HTGC's 0.2% |
TPVG vs HTGC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHTGCLAGGINGTPVG
TPVGTriplePoint Venture G…
2leads
HTGCHercules Capital, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs TPVGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HTGC3/5
Valuation MetricsMultiples, price ratios, and targets
TPVG5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
HTGC5/6
Risk & VolatilityBeta, volatility, and downside exposure
HTGC2/2
Analyst OutlookRatings, price targets, and dividends
TPVG1/1
Income & Cash Flow (Last 12 Months)
HTGC leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
HTGC is the larger business by revenue, generating $547M annually — 5.6x TPVG's $97M. HTGC is the more profitable business, keeping 62.1% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| RevenueTrailing 12 months | $97M | $547M |
| EBITDAEarnings before interest/tax | $63M | $381M |
| Net IncomeAfter-tax profit | $46M | $289M |
| Free Cash FlowCash after capex | $35M | -$352M |
| Gross MarginGross profit ÷ Revenue | +83.5% | +87.2% |
| Operating MarginEBIT ÷ Revenue | +77.9% | +66.7% |
| Net MarginNet income ÷ Revenue | +50.6% | +62.1% |
| FCF MarginFCF ÷ Revenue | -58.7% | -77.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | -20.7% |
HTGC leads this category, winning 3 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 49% valuation discount to HTGC's 8.9x P/E. On an enterprise value basis, TPVG's 8.9x EV/EBITDA is more attractive than HTGC's 14.4x.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| Market CapShares × price | $226M | $3.0B |
| Enterprise ValueMkt cap + debt − cash | $674M | $5.3B |
| Trailing P/EPrice ÷ TTM EPS | 4.57x | 8.89x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.04x | 8.43x |
| PEG RatioP/E ÷ EPS growth rate | 4.50x | — |
| EV / EBITDAEnterprise value multiple | 8.90x | 14.41x |
| Price / SalesMarket cap ÷ Revenue | 2.32x | 5.52x |
| Price / BookPrice ÷ Book value/share | 0.63x | 1.45x |
| Price / FCFMarket cap ÷ FCF | — | — |
TPVG leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
Evenly matched — TPVG and HTGC each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
HTGC delivers a 13.2% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $13 for TPVG. HTGC carries lower financial leverage with a 1.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| ROE (TTM)Return on equity | +13.1% | +13.2% |
| ROA (TTM)Return on assets | +5.6% | +6.4% |
| ROICReturn on invested capital | +7.2% | +6.6% |
| ROCEReturn on capital employed | +9.4% | +8.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.33x | 1.04x |
| Net DebtTotal debt minus cash | $449M | $2.2B |
| Cash & Equiv.Liquid assets | $20M | $57M |
| Total DebtShort + long-term debt | $469M | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 2.15x | 4.34x |
Evenly matched — TPVG and HTGC each lead in 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
HTGC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HTGC five years ago would be worth $14,806 today (with dividends reinvested), compared to $8,097 for TPVG. Over the past 12 months, TPVG leads with a +8.6% total return vs HTGC's +5.7%. The 3-year compound annual growth rate (CAGR) favors HTGC at 18.0% vs TPVG's -2.6% — a key indicator of consistent wealth creation.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| YTD ReturnYear-to-date | -12.7% | -10.3% |
| 1-Year ReturnPast 12 months | +8.6% | +5.7% |
| 3-Year ReturnCumulative with dividends | -7.5% | +64.2% |
| 5-Year ReturnCumulative with dividends | -19.0% | +48.1% |
| 10-Year ReturnCumulative with dividends | +87.8% | +173.0% |
| CAGR (3Y)Annualised 3-year return | -2.6% | +18.0% |
HTGC leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
HTGC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HTGC is the less volatile stock with a 0.69 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. HTGC currently trades 83.6% from its 52-week high vs TPVG's 74.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.83x | 0.69x |
| 52-Week HighHighest price in past year | $7.53 | $19.67 |
| 52-Week LowLowest price in past year | $4.48 | $13.70 |
| % of 52W HighCurrent price vs 52-week peak | +74.0% | +83.6% |
| RSI (14)Momentum oscillator 0–100 | 55.8 | 67.7 |
| Avg Volume (50D)Average daily shares traded | 498K | 2.5M |
HTGC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
TPVG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates TPVG as "Hold" and HTGC as "Buy". Consensus price targets imply 60.7% upside for TPVG (target: $9) vs 15.1% for HTGC (target: $19). For income investors, TPVG offers the higher dividend yield at 18.40% vs HTGC's 8.62%.
| Metric | TPVGTriplePoint Ventu… | HTGCHercules Capital,… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $8.95 | $18.92 |
| # AnalystsCovering analysts | 12 | 31 |
| Dividend YieldAnnual dividend ÷ price | +18.4% | +8.6% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.02 | $1.42 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
TPVG leads this category, winning 1 of 1 comparable metric.
Key Takeaway
HTGC leads in 3 of 6 categories (Income & Cash Flow, Total Returns). TPVG leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
Best OverallHercules Capital, Inc. (HTGC)Leads 3 of 6 categories
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TPVG vs HTGC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TPVG or HTGC 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 27. 0% for Hercules Capital, Inc. (HTGC). 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 Hercules Capital, Inc. (HTGC) a "Buy" — based on 31 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 — TPVG or HTGC?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 6x versus Hercules Capital, Inc. at 8. 9x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 0x.
03Which is the better long-term investment — TPVG or HTGC?
Over the past 5 years, Hercules Capital, Inc.
(HTGC) delivered a total return of +48. 1%, compared to -19. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: HTGC returned +173. 0% versus TPVG's +87. 8%. 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 — TPVG or HTGC?
By beta (market sensitivity over 5 years), Hercules Capital, Inc.
(HTGC) is the lower-risk stock at 0. 69β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 21% more volatile than HTGC relative to the S&P 500. On balance sheet safety, Hercules Capital, Inc. (HTGC) 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 — TPVG or HTGC?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 27. 0% for Hercules Capital, Inc. (HTGC). 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 — TPVG or HTGC?
Hercules Capital, Inc.
(HTGC) is the more profitable company, earning 62. 1% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 62. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 66. 7% for HTGC. At the gross margin level — before operating expenses — HTGC leads at 87. 2%, 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 TPVG or HTGC more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 0x forward P/E versus 8. 4x for Hercules Capital, Inc. — 2. 4x 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 — TPVG or HTGC?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 18. 4%, versus 8. 6% for Hercules Capital, Inc. (HTGC).
09Is TPVG or HTGC better for a retirement portfolio?
For long-horizon retirement investors, Hercules Capital, Inc.
(HTGC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 69), 8. 6% yield, +173. 0% 10Y return). Both have compounded well over 10 years (HTGC: +173. 0%, 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 TPVG and HTGC?
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>
%
(TPVG: 36.6% · HTGC: 27.0%)Net Margin>
%
(TPVG: 50.6% · HTGC: 62.1%)P/E Ratio<
x
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