Horizon Technology Finance (HRZN) vs Runway Growth Finance (RWAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Horizon Technology Finance (HRZN) has outperformed Runway Growth Finance (RWAY) over the past year, losing 23.7% versus a loss of 34.9%. Horizon Technology Finance is the larger company by market cap ($307.4 million vs $268.0 million), about 1.1 times the size. On valuation, Runway Growth Finance trades at a lower forward P/E (4.8x vs 6.2x for Horizon Technology Finance).
Horizon Technology Finance offers the higher dividend yield (24.43% vs 20.64%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HRZN | RWAY |
|---|---|---|
| Share price | $4.59 | $6.40 |
| Market cap | $307.35M | $268.01M |
| 1-day change | +0.11% | -1.01% |
| YTD return | -28.91% | -28.39% |
| 1-year return | -23.71% | -34.88% |
| 5-year return | -73.45% | — |
| P/E ratio (TTM) | 15.81 | 26.65 |
| Forward P/E | 6.22 | 4.77 |
| EPS (TTM) | $0.29 | $0.24 |
| Dividend yield | 24.43% | 20.64% |
| Annual dividend | $1.12 | $1.32 |
| 52-week high | $6.85 | $10.20 |
| 52-week low | $3.80 | $5.19 |
| Distance from 52-week high | -33.07% | -37.30% |
| Analyst consensus | none | none |
| Avg. price target upside | +10.80% | +25.72% |
| Average volume | 608.58K | 486.04K |
| Shares outstanding | 67.03M | 41.91M |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Finance: Consumer Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- HRZN has outperformed RWAY by 11.2 percentage points over the past year.
- Runway Growth Finance trades at a higher earnings multiple (26.6x vs 15.8x trailing P/E).
- Horizon Technology Finance offers a meaningfully higher dividend yield (24.43% vs 20.64%).
About Horizon Technology Finance
HRZN stock →Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.
Finance · Finance: Consumer Services
About Runway Growth Finance
RWAY stock →Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies.
Finance · Finance: Consumer Services
HRZN vs RWAY FAQ
Which is bigger, Horizon Technology Finance or Runway Growth Finance?
Horizon Technology Finance (HRZN) is larger, with a market capitalization of $307.35M compared with $268.01M for Runway Growth Finance (RWAY).
Which stock has performed better over the past year, HRZN or RWAY?
HRZN returned -23.71% over the past 12 months, compared with -34.88% for RWAY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HRZN or RWAY?
HRZN has the lower trailing P/E at 15.8, versus 26.6 for RWAY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Horizon Technology Finance or Runway Growth Finance?
Horizon Technology Finance has the higher yield at 24.43%, compared with 20.64% for Runway Growth Finance.
Are Horizon Technology Finance and Runway Growth Finance in the same industry?
Yes. Both are classified in the Finance: Consumer Services industry within the Finance sector.