vs
Hercules Capital, Inc.（HTGC）与Investcorp Credit Management BDC, Inc.（ICMB）财务数据对比。点击上方公司名可切换其他公司
Hercules Capital, Inc.的季度营收约是Investcorp Credit Management BDC, Inc.的38.1倍（$131.6M vs $3.5M）。Hercules Capital, Inc.净利率更高（69.0% vs -271.1%，领先340.1%）。过去两年Hercules Capital, Inc.的营收复合增速更高（6.6% vs -18.2%）
赫克力士公司是总部位于美国特拉华州威尔明顿的化工与弹药制造企业，1912年杜邦炸药垄断被美国巡回法院拆分后，以赫克力士火药公司的名义成立，1966年更名为赫克力士公司，该名称沿用至2008年，同年公司被亚什兰集团合并。
Investcorp Credit Management BDC是一家上市商业开发公司，主要为美国中型企业提供优先担保贷款、定制债务融资等信贷解决方案，聚焦私人信贷市场中服务不足的细分领域，为投资者创造稳定的经风险调整的回报。
HTGC vs ICMB — 直观对比
营收规模更大
HTGC
是对方的38.1倍
$3.5M
净利率更高
HTGC
高出340.1%
-271.1%
两年增速更快
HTGC
近两年复合增速
-18.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $131.6M | $3.5M |
| 净利润 | $90.8M | $-9.4M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 69.0% | -271.1% |
| 营收同比 | 14.6% | — |
| 净利润同比 | 47.8% | — |
| 每股收益（稀释后） | $0.50 | $-0.64 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HTGCICMB
| Q4 25 | $131.6M | $3.5M | ||
| Q3 25 | $131.2M | $3.9M | ||
| Q2 25 | $129.6M | $3.8M | ||
| Q1 25 | $115.6M | $3.5M | ||
| Q4 24 | $114.8M | — | ||
| Q3 24 | $119.0M | $4.7M | ||
| Q2 24 | $117.5M | $4.1M | ||
| Q1 24 | $115.8M | $5.6M |
净利润HTGCICMB
| Q4 25 | $90.8M | $-9.4M | ||
| Q3 25 | $119.7M | $-1.3M | ||
| Q2 25 | $78.9M | $-434.3K | ||
| Q1 25 | $50.3M | $2.2M | ||
| Q4 24 | $61.4M | — | ||
| Q3 24 | $68.7M | $6.6M | ||
| Q2 24 | $41.9M | $-2.0M | ||
| Q1 24 | $91.0M | $2.4M |
净利率HTGCICMB
| Q4 25 | 69.0% | -271.1% | ||
| Q3 25 | 91.3% | -32.4% | ||
| Q2 25 | 60.9% | -11.5% | ||
| Q1 25 | 43.6% | 63.0% | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 57.7% | 141.3% | ||
| Q2 24 | 35.6% | -47.9% | ||
| Q1 24 | 78.6% | 43.1% |
每股收益（稀释后）HTGCICMB
| Q4 25 | $0.50 | $-0.64 | ||
| Q3 25 | $0.63 | $-0.09 | ||
| Q2 25 | $0.43 | $-0.03 | ||
| Q1 25 | $0.29 | $0.15 | ||
| Q4 24 | $0.37 | — | ||
| Q3 24 | $0.42 | $0.46 | ||
| Q2 24 | $0.25 | $-0.13 | ||
| Q1 24 | $0.57 | $0.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $56.9M | $4.6M |
| 总债务越低越好 | $2.3B | $123.9M |
| 股东权益账面价值 | $2.2B | $61.3M |
| 总资产 | $4.6B | $188.8M |
| 负债/权益比越低杠杆越低 | 1.03× | 2.02× |
8季度趋势，按日历期对齐
现金及短期投资HTGCICMB
| Q4 25 | $56.9M | $4.6M | ||
| Q3 25 | $29.3M | — | ||
| Q2 25 | $52.1M | — | ||
| Q1 25 | $49.4M | — | ||
| Q4 24 | $42.7M | — | ||
| Q3 24 | $38.9M | — | ||
| Q2 24 | $27.7M | $158.8K | ||
| Q1 24 | $50.2M | — |
总债务HTGCICMB
| Q4 25 | $2.3B | $123.9M | ||
| Q3 25 | $2.2B | $128.5M | ||
| Q2 25 | $2.1B | $135.5M | ||
| Q1 25 | $2.0B | $121.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $112.5M | ||
| Q2 24 | $1.7B | $108.0M | ||
| Q1 24 | $1.8B | $122.5M |
股东权益HTGCICMB
| Q4 25 | $2.2B | $61.3M | ||
| Q3 25 | $2.2B | $72.7M | ||
| Q2 25 | $2.2B | $76.0M | ||
| Q1 25 | $2.0B | $78.1M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $79.9M | ||
| Q2 24 | $1.9B | $75.0M | ||
| Q1 24 | $1.9B | $79.1M |
总资产HTGCICMB
| Q4 25 | $4.6B | $188.8M | ||
| Q3 25 | $4.4B | $210.6M | ||
| Q2 25 | $4.3B | $224.1M | ||
| Q1 25 | $4.0B | $207.6M | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $203.0M | ||
| Q2 24 | $3.7B | $192.2M | ||
| Q1 24 | $3.7B | $210.0M |
负债/权益比HTGCICMB
| Q4 25 | 1.03× | 2.02× | ||
| Q3 25 | 0.98× | 1.77× | ||
| Q2 25 | 0.96× | 1.78× | ||
| Q1 25 | 0.99× | 1.55× | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.94× | 1.41× | ||
| Q2 24 | 0.94× | 1.44× | ||
| Q1 24 | 0.93× | 1.55× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-55.6M | $12.0M |
| 自由现金流经营现金流 - 资本支出 | $-55.6M | — |
| 自由现金流率自由现金流/营收 | -42.3% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | -0.61× | — |
| 过去12个月自由现金流最近4个季度 | $-425.9M | — |
8季度趋势，按日历期对齐
经营现金流HTGCICMB
| Q4 25 | $-55.6M | $12.0M | ||
| Q3 25 | $-3.2M | $1.3M | ||
| Q2 25 | $-144.8M | $-6.7M | ||
| Q1 25 | $-222.2M | $5.1M | ||
| Q4 24 | $-29.2M | — | ||
| Q3 24 | $92.6M | $481.7K | ||
| Q2 24 | $59.5M | $11.0M | ||
| Q1 24 | $-240.9M | $13.9M |
自由现金流HTGCICMB
| Q4 25 | $-55.6M | — | ||
| Q3 25 | $-3.2M | — | ||
| Q2 25 | $-144.8M | — | ||
| Q1 25 | $-222.2M | — | ||
| Q4 24 | $-29.2M | — | ||
| Q3 24 | $92.5M | — | ||
| Q2 24 | $59.1M | — | ||
| Q1 24 | $-241.2M | — |
自由现金流率HTGCICMB
| Q4 25 | -42.3% | — | ||
| Q3 25 | -2.4% | — | ||
| Q2 25 | -111.8% | — | ||
| Q1 25 | -192.3% | — | ||
| Q4 24 | -25.5% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 50.3% | — | ||
| Q1 24 | -208.3% | — |
资本支出强度HTGCICMB
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率HTGCICMB
| Q4 25 | -0.61× | — | ||
| Q3 25 | -0.03× | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | -4.41× | 2.31× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.35× | 0.07× | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | -2.65× | 5.76× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
