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WhiteHorse Finance, Inc. (WHF)

NASDAQ: WHF · USD

$8.06

+0.08 (+1.0%)· Recorded snapshot

Market cap	173.1M
Revenue (ttm)	65.3M
Net income (ttm)	17.5M
EPS (ttm)	$0.78
Shares out	21.5M
P/E (trailing)	10.3x
P/E (forward)	8.2x
Dividend	$1.05 (12.96%)
Volume	98,443
Beta	0.43

Market data

Price

Recent price action with selectable time range.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	मज़बूत ख़रीद
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	मज़बूत ख़रीद
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	होल्ड

Metric	Value
Amount currency	USD
CIK code	0001552198
Company name	WhiteHorse Finance, Inc.
Country	United States
Country code	US
CUSIP number	96524V106
Earnings date	2026-11-09
Earnings time	bmo
Enterprise value	$489.1M
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2011
Industry	Asset Management
IPO date	2012-12-05
Is primary listing	Yes
Is SPAC	No
ISIN number	US96524V1061
Last 10-K release date	2026-03-06
Last earnings date	2026-08-10
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$173.1M
Market cap category	Micro-Cap
Next earnings date	2026-11-09
Options	Yes
Price	$8.06
Price currency	USD
Sector	Financials
Stock price date	2026-10-28
Symbol	WHF
Tags	business-development-company
U.S. state	Florida
Website	https://www.whitehorsefinance.com

Metric

Value

Amount currency

USD

CIK code

0001552198

Company name

WhiteHorse Finance, Inc.

Country

United States

Country code

CUSIP number

96524V106

Earnings date

2026-11-09

Earnings time

bmo

Enterprise value

$489.1M

Exchange

NASDAQ

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

December

Founded

2011

Industry

Asset Management

IPO date

2012-12-05

Is primary listing

Yes

Is SPAC

ISIN number

US96524V1061

Last 10-K release date

2026-03-06

Last earnings date

2026-08-10

Last refreshed

2026-10-28

Last stock split type

Never

Market cap

$173.1M

Market cap category

Micro-Cap

Next earnings date

2026-11-09

Options

Yes

Price

$8.06

Price currency

USD

Sector

Financials

Stock price date

2026-10-28

Symbol

WHF

Tags

business-development-company

U.S. state

Florida

Website

https://www.whitehorsefinance.com

Metric	Value
Adjusted P/E ratio	7.13x
Average P/E ratio (10Y)	14.18x
Average P/E ratio (3Y)	20.17x
Average P/E ratio (5Y)	17.91x
Earnings yield	9.68%
EV/Earnings	27.75x
EV/EBIT	11.03x
EV/FCF	6.26x
EV/Sales	7.46x
FCF / EV yield	15.99%
FCF yield	45.54%
Forward EV/Sales	7.8x
Forward P/E	8.15x
Forward P/S	2.74x
Graham number	14.37519
Graham upside	80.59%
Industry forward P/E	12.81x
Industry P/E	27.37x
Lynch fair value	$3.90
Lynch upside	-50.99%
P/B ratio	0.68x
P/E ratio	10.33x
P/FCF ratio	2.2x
P/OCF ratio	2.2x
P/S ratio	2.62x
Price / tangible book value	0.68x
Sector forward P/E	13.63x
Sector P/E	15.65x

Metric

Value

Adjusted P/E ratio

7.13x

Average P/E ratio (10Y)

14.18x

Average P/E ratio (3Y)

20.17x

Average P/E ratio (5Y)

17.91x

Earnings yield

9.68%

EV/Earnings

27.75x

EV/EBIT

11.03x

EV/FCF

6.26x

EV/Sales

7.46x

FCF / EV yield

15.99%

FCF yield

45.54%

Forward EV/Sales

7.8x

Forward P/E

8.15x

Forward P/S

2.74x

Graham number

14.37519

Graham upside

80.59%

Industry forward P/E

12.81x

Industry P/E

27.37x

Lynch fair value

$3.90

Lynch upside

-50.99%

P/B ratio

0.68x

P/E ratio

10.33x

P/FCF ratio

2.2x

P/OCF ratio

2.2x

P/S ratio

2.62x

Price / tangible book value

0.68x

Sector forward P/E

13.63x

Sector P/E

15.65x

Metric	Value
EBIT margin	67.65%
Effective tax rate	2.98%
FCF margin	119.28%
Gross margin	100%
Operating margin	67.65%
Pretax margin	27.71%
Profit margin	26.88%
Profitable quarters	1
Profitable years	10
ROA	4.33%
ROA (5Y)	5%
ROCE	8.96%
ROE	6.65%
ROE (5Y)	5.76%
ROIC	7.57%
ROIC (5Y)	7.97%
Tax / revenue	0.82%

Metric

Value

EBIT margin

67.65%

Effective tax rate

2.98%

FCF margin

119.28%

Gross margin

100%

Operating margin

67.65%

Pretax margin

27.71%

Profit margin

26.88%

Profitable quarters

Profitable years

ROA

4.33%

ROA (5Y)

ROCE

8.96%

ROE

6.65%

ROE (5Y)

5.76%

ROIC

7.57%

ROIC (5Y)

7.97%

Tax / revenue

0.82%

Metric	Value
EPS growth	409.83%
EPS growth (Q)	398.48%
EPS growth 10Y	45.57%
EPS growth 3Y	8.97%
EPS growth 5Y	-19.85%
EPS growth quarters	1
EPS growth years	1
Gross profit growth	-19.92%
Gross profit growth (Q)	-23.72%
Gross profit growth 3Y	-13.04%
Gross profit growth 5Y	-1.01%
Net income growth	393.25%
Net income growth (Q)	362.62%
Net income growth 3Y	7.78%
Net income growth 5Y	-18.4%
Net income growth quarters	1
Net income growth years	1
OCF growth	54.65%
OCF growth 3Y	24.81%
Operating income growth	-22.73%
Operating income growth (Q)	-26.04%
Operating income growth 3Y	-14.38%
Operating income growth 5Y	1.33%
Revenue growth	-19.92%
Revenue growth (Q)	-23.72%
Revenue growth (QoQ)	-9.41%
Revenue growth 10Y	2.68%
Revenue growth 3Y	-13.04%
Revenue growth 5Y	-1.01%
Revenue growth years	0

Metric

Value

EPS growth

409.83%

EPS growth (Q)

398.48%

EPS growth 10Y

45.57%

EPS growth 3Y

8.97%

EPS growth 5Y

-19.85%

EPS growth quarters

EPS growth years

Gross profit growth

-19.92%

Gross profit growth (Q)

-23.72%

Gross profit growth 3Y

-13.04%

Gross profit growth 5Y

-1.01%

Net income growth

393.25%

Net income growth (Q)

362.62%

Net income growth 3Y

7.78%

Net income growth 5Y

-18.4%

Net income growth quarters

Net income growth years

OCF growth

54.65%

OCF growth 3Y

24.81%

Operating income growth

-22.73%

Operating income growth (Q)

-26.04%

Operating income growth 3Y

-14.38%

Operating income growth 5Y

1.33%

Revenue growth

-19.92%

Revenue growth (Q)

-23.72%

Revenue growth (QoQ)

-9.41%

Revenue growth 10Y

2.68%

Revenue growth 3Y

-13.04%

Revenue growth 5Y

-1.01%

Revenue growth years

Metric	Value
EBIT	$44.2M
EPS	$0.78
FCF per share	$3.62
Financing cash flow	$-83.1M
Free cash flow	$77.8M
Gross profit	$65.3M
Income taxes	$538,000
Net borrowing	$-40M
Net cash flow	$-5.2M
Net income	$17.5M
Operating income	$44.2M
Revenue	$65.3M

Metric

Value

EBIT

$44.2M

EPS

$0.78

FCF per share

$3.62

Financing cash flow

$-83.1M

Free cash flow

$77.8M

Gross profit

$65.3M

Income taxes

$538,000

Net borrowing

$-40M

Net cash flow

$-5.2M

Net income

$17.5M

Operating income

$44.2M

Revenue

$65.3M

Metric	Value
Altman Z-Score	0.32
Book value per share	$11.77
Debt / equity	1.28
Debt / FCF	4.17
Interest coverage	2.14
Long-term assets	$569.2M
Long-term liabilities	$240.1M
Net cash (debt)	$-316M
Net cash / market cap	-184.84%
Net debt / equity	1.25
Net debt / FCF	4.06
Piotroski F-Score	5
Shareholders' equity	$252.8M
Tangible book value	$252.8M
Tangible book value per share	$11.77
Total assets	$604.1M
Total cash	$8.5M
Total debt	$324.4M
Total liabilities	$351.3M
WACC	6.31%

Metric

Value

Altman Z-Score

0.32

Book value per share

$11.77

Debt / equity

1.28

Debt / FCF

4.17

Interest coverage

2.14

Long-term assets

$569.2M

Long-term liabilities

$240.1M

Net cash (debt)

$-316M

Net cash / market cap

-184.84%

Net debt / equity

1.25

Net debt / FCF

4.06

Piotroski F-Score

Shareholders' equity

$252.8M

Tangible book value

$252.8M

Tangible book value per share

$11.77

Total assets

$604.1M

Total cash

$8.5M

Total debt

$324.4M

Total liabilities

$351.3M

WACC

6.31%

Metric	Value
Asset turnover	0.1
Current assets	$34.9M
Current liabilities	$111.2M
Current ratio	0.31
Net working capital	$26,000
Quick ratio	0.13
Working capital	$-76.3M
Working capital turnover	-0.47

Metric

Value

Asset turnover

0.1

Current assets

$34.9M

Current liabilities

$111.2M

Current ratio

0.31

Net working capital

$26,000

Quick ratio

0.13

Working capital

$-76.3M

Working capital turnover

-0.47

Metric	Value
Buyback yield / dilution	3.25%
Dividend growth	-25.08%
Dividend growth (10Y)	-1.83%
Dividend growth (3Y)	-8.09%
Dividend growth (5Y)	-5.37%
Dividend growth years	0
Dividend payment date	2026-12-10
Dividend payment years	15
Dividend payout frequency	Quarterly
Dividend per share	$1.05
Dividend yield	12.97%
Ex-dividend date	2026-10-30
FCF payout ratio	32.55%
Last dividend	$0.17
Payout ratio	151.24%
Shareholder yield	16.28%

Metric

Value

Buyback yield / dilution

3.25%

Dividend growth

-25.08%

Dividend growth (10Y)

-1.83%

Dividend growth (3Y)

-8.09%

Dividend growth (5Y)

-5.37%

Dividend growth years

Dividend payment date

2026-12-10

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

$1.05

Dividend yield

12.97%

Ex-dividend date

2026-10-30

FCF payout ratio

32.55%

Last dividend

$0.17

Payout ratio

151.24%

Shareholder yield

16.28%

Metric	Value
10Y price change	-24.74%
10Y return CAGR	10%
10Y total return	159.41%
150-day SMA	$7.05
1D price change	1%
1M price change	14.49%
1M total return	14.49%
1W price change	4.68%
1W total return	4.68%
1Y price change	11.02%
1Y return CAGR	28.38%
1Y total return	28.36%
20-day SMA	$7.44
200-day SMA	$7.00
3M price change	23.24%
3M total return	27.57%
3Y price change	-32.78%
3Y return CAGR	1.77%
3Y total return	5.42%
50-day SMA	$7.24
50-day SMA vs 200-day SMA	50over200
52-week high	$8.08
52-week high date	2026-10-28
52-week low	$6.07
52-week low date	2026-02-24
5Y price change	-47.97%
5Y return CAGR	0.52%
5Y total return	2.6%
6M price change	6.19%
6M total return	13.81%
All-time high	$16.72
All-time high date	2021-04-13
All-time low	$5.51
All-time low date	2020-03-18
Average true range (ATR)	$0.21
Average volume	110.1K
Beta (1Y)	-0.28
Beta (2Y)	0.21
Beta (5Y)	0.43
Change from 52-week high	-0.37%
Change from 52-week low	32.78%
Change from all-time high	-51.79%
Change from all-time low	46.28%
Change from open	0.5%
Day's gap	0.5%
Dollar volume	$793,451
High price	$8.08
Low price	$8.02
Monthly RSI	47.2
Open price	$8.02
Position in 52-week range	66.67%
Premarket change	-1.88%
Premarket close	$7.98
Premarket price	$7.83
Previous close	$7.98
Price vs 150-day SMA	14.33%
Price vs 20-day SMA	8.41%
Price vs 200-day SMA	15.19%
Price vs 50-day SMA	11.36%
Relative volume	0.9
RSI	69.35
Sharpe ratio	0.88
Sharpe ratio (3Y)	0.01
Sharpe ratio (5Y)	-0.07
Sortino ratio	1.61
Sortino ratio (3Y)	0.25
Sortino ratio (5Y)	0.14
Volume	98.4K
Weekly RSI	66.8
YTD price change	15.97%
YTD total return	28.79%

Metric

Value

10Y price change

-24.74%

10Y return CAGR

10%

10Y total return

159.41%

150-day SMA

$7.05

1D price change

1M price change

14.49%

1M total return

14.49%

1W price change

4.68%

1W total return

4.68%

1Y price change

11.02%

1Y return CAGR

28.38%

1Y total return

28.36%

20-day SMA

$7.44

200-day SMA

$7.00

3M price change

23.24%

3M total return

27.57%

3Y price change

-32.78%

3Y return CAGR

1.77%

3Y total return

5.42%

50-day SMA

$7.24

50-day SMA vs 200-day SMA

50over200

52-week high

$8.08

52-week high date

2026-10-28

52-week low

$6.07

52-week low date

2026-02-24

5Y price change

-47.97%

5Y return CAGR

0.52%

5Y total return

2.6%

6M price change

6.19%

6M total return

13.81%

All-time high

$16.72

All-time high date

2021-04-13

All-time low

$5.51

All-time low date

2020-03-18

Average true range (ATR)

$0.21

Average volume

110.1K

Beta (1Y)

-0.28

Beta (2Y)

0.21

Beta (5Y)

0.43

Change from 52-week high

-0.37%

Change from 52-week low

32.78%

Change from all-time high

-51.79%

Change from all-time low

46.28%

Change from open

0.5%

Day's gap

0.5%

Dollar volume

$793,451

High price

$8.08

Low price

$8.02

Monthly RSI

47.2

Open price

$8.02

Position in 52-week range

66.67%

Premarket change

-1.88%

Premarket close

$7.98

Premarket price

$7.83

Previous close

$7.98

Price vs 150-day SMA

14.33%

Price vs 20-day SMA

8.41%

Price vs 200-day SMA

15.19%

Price vs 50-day SMA

11.36%

Relative volume

0.9

RSI

69.35

Sharpe ratio

0.88

Sharpe ratio (3Y)

0.01

Sharpe ratio (5Y)

-0.07

Sortino ratio

1.61

Sortino ratio (3Y)

0.25

Sortino ratio (5Y)

0.14

Volume

98.4K

Weekly RSI

66.8

YTD price change

15.97%

YTD total return

28.79%

Metric	Value
Shares change (QoQ)	-2.7%
Shares change (YoY)	-3.25%
Shares held by insiders	6.04%
Shares held by institutions	16.17%
Shares outstanding	21.5M
Short % of shares	2.08%
Short ratio	4.1 days

Metric

Value

Shares change (QoQ)

-2.7%

Shares change (YoY)

-3.25%

Shares held by insiders

6.04%

Shares held by institutions

16.17%

Shares outstanding

21.5M

Short % of shares

2.08%

Short ratio

4.1 days

WhiteHorse Finance, Inc. (WHF)

Price

Financial snapshot

Fair-value bridge

Latest news · WHF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All WHF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on WHF

Frequently asked questions