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.

Financial snapshot

Revenue (ttm): 65.3M
Net income (ttm): 17.5M
EPS (ttm): $0.78
P/E (trailing): 10.3x
P/E (forward): 8.2x
Market cap: 173.1M

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%	Acquisto forte
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	Acquisto forte
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	Mantenere

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E8.2

P25 n/aP50 n/aP75 n/a

Trailing P/E10.3

P25 n/aP50 n/aP75 n/a

ROE6.7

P25 n/aP50 n/aP75 n/a

ROIC7.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All WHF indicators

Market & fundamental data

Available fields

245

Groups with data

Currency

USD

Showing 245 of 245 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

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

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

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

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

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%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

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

Financial statements

Income-statement and cash-flow amounts, totals and per share.

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

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

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%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

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

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

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%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

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%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

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

Deeper analysis on WHF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this WHF report

Is a complete WHF research report available?

No complete published report is available for WhiteHorse Finance, Inc. (WHF) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

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