Last 48 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Horizon Technology Finance Corporation's quarterly P/E stands at 5.5x, down 36.5% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 4.02 | 5.54 | 8.49 | 2.28 | — | 8.72 | — | 13.31 | — | 10.93 | — | — | 592.16 |
| — | -36.5% | — | -82.9% | — | -20.2% | — | — | — | -26.3% | — | — | +6262.9% | |
| P/S Ratio | 4.65 | 2.07 | 3.56 | 1.68 | — | — | — | 5.72 | 176.59 | 5.10 | 4.07 | — | 10.13 |
| — | — | — | -70.6% | — | — | — | — | +1643.7% | -9.3% | -37.4% | — | +87.1% | |
| P/B Ratio | 0.56 | 0.60 | 0.86 | 0.89 | 1.05 | 1.24 | 0.97 | 1.14 | 1.30 | 1.15 | 1.36 | 1.11 | 1.01 |
| — | -51.9% | -11.2% | -22.1% | -19.4% | +7.9% | -28.8% | +2.2% | +28.3% | +16.1% | +38.2% | +32.8% | +4.8% | |
| P/FCF | 3.29 | — | 7.57 | 1.38 | 1.50 | 9.71 | — | 7.43 | 10.78 | 12.43 | 8.22 | — | 10.78 |
| — | — | — | -81.4% | -86.1% | -21.9% | — | — | +0.0% | +98.9% | — | — | — | |
| EV / EBITDA | — | — | 18.26 | 4.62 | — | — | — | 25.20 | — | 21.79 | — | — | 568.71 |
| — | — | — | -81.6% | — | — | — | — | — | -35.2% | — | — | +2873.1% | |
| EV / EBIT | — | — | 18.26 | 4.62 | — | — | — | 25.20 | — | 21.79 | — | — | 568.71 |
| — | — | — | -81.6% | — | — | — | — | — | -35.2% | — | — | +2873.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | — | 58.1% | 81.0% | 182.9% | 180.2% | 442.7% | 53.3% | -1214.6% | 56.4% | 86.7% | 308.5% | 19.1% |
| — | — | -86.9% | +52.0% | +115.1% | +219.5% | +410.5% | -82.7% | -6467.9% | +13.5% | +79.5% | +437.2% | -71.7% | |
| Operating Margin | -4.0% | — | 45.7% | 74.8% | 206.3% | 194.6% | 503.5% | 45.0% | -1453.0% | 48.2% | -10.9% | 346.2% | 3.7% |
| — | — | -90.9% | +66.4% | +114.2% | +303.4% | +4714.0% | -87.0% | -39040.3% | +24.4% | -129.6% | +612.4% | -93.7% | |
| Net Margin | -6.6% | 38.4% | 46.1% | 73.9% | 210.1% | 198.1% | 518.9% | 42.8% | -1512.1% | 46.2% | -39.5% | 351.4% | 1.7% |
| — | -80.6% | -91.1% | +72.8% | +113.9% | +328.6% | +1413.8% | -87.8% | -88350.6% | +23.3% | -218.1% | +635.3% | -97.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.8% | 2.8% | 2.8% | 10.2% | -7.1% | -6.7% | -3.7% | 2.2% | -2.8% | 2.6% | -3.2% | -3.4% | 0.0% |
| — | +142.4% | +176.0% | +372.7% | -155.2% | -353.3% | -15.2% | +163.5% | -6255.5% | +59.1% | -347.7% | -270.4% | -98.3% | |
| ROA | -0.3% | 1.2% | 1.1% | 4.1% | -2.7% | -2.7% | -1.5% | 0.9% | -1.1% | 1.1% | -1.3% | -1.5% | 0.0% |
| — | +143.3% | +173.0% | +348.9% | -138.5% | -346.7% | -15.5% | +160.9% | -6022.7% | +57.0% | -340.2% | -270.2% | -98.5% | |
| ROIC | -0.2% | — | 0.9% | 3.2% | -2.1% | -2.0% | -1.1% | 0.7% | -0.8% | 0.9% | -0.3% | -1.1% | 0.0% |
| — | — | +175.0% | +334.3% | -144.2% | -332.3% | -306.3% | +165.1% | -2710.8% | +58.5% | -160.2% | -264.6% | -96.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.49 | — | 1.49 | 1.34 | 1.50 | 1.53 | 1.39 | 1.27 | 1.35 | 1.36 | 1.43 | 1.26 | 1.18 |
| — | — | +6.7% | +6.0% | +11.2% | +12.3% | -2.4% | +0.8% | +14.5% | -0.3% | +4.7% | +7.7% | -6.3% | |
| Debt / EBITDA | — | — | 53.94 | 13.64 | — | — | — | 56.72 | — | 50.10 | — | — | 1262.89 |
| — | — | — | -76.0% | — | — | — | — | — | -37.4% | — | — | +2573.4% | |
| Current Ratio | 1.24 | — | 1.24 | — | 0.56 | 0.71 | 5.08 | 4.31 | 6.38 | 3.74 | 3.92 | 3.41 | 0.74 |
| — | — | -75.7% | — | -91.2% | -81.0% | +29.8% | +26.1% | +760.1% | +72.2% | +51.4% | +37.7% | -85.8% | |
| Quick Ratio | 1.24 | — | 1.24 | — | 0.56 | 0.71 | 5.08 | 4.31 | 6.38 | 3.74 | 3.92 | 3.41 | 0.74 |
| — | — | -75.7% | — | -91.2% | -81.0% | +29.8% | +26.1% | +760.1% | +72.2% | +51.4% | +37.7% | -85.8% | |
| Interest Coverage | -0.05 | — | 1.09 | 3.94 | -2.49 | -2.43 | -1.47 | 0.96 | -1.11 | 1.11 | -0.39 | -1.66 | 0.05 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying HRZN stock.
Horizon Technology Finance Corporation's current P/E is 4.0x. The average P/E over the last 3 quarters is 5.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Horizon Technology Finance Corporation's current operating margin is -4.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Horizon Technology Finance Corporation's business trajectory between earnings reports.