ECPGNasdaqShort-Term Business Credit InstitutionsFiscal year ends December 31
ENCORE CAPITAL GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$100.62−1.06 (-1.04%)
Close on Oct 19, 2026
- Market cap
- $2.29B
- P/E (TTM)
- 7.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
35.4%−0.1 pts over 5 years
Net margin
14.5%+0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +34.4% | +8.1% | +3.3% | +4.6% | |
| Operating income | +298.3% | +10.7% | +3.3% | +8.3% | |
| Net income | – | +9.7% | +3.9% | +19.0% | |
| EPS, diluted | – | +13.5% | +10.3% | +20.5% | |
| Free cash flow | -0.2% | -9.9% | -14.5% | +3.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.3% | 18.9% | – | |
| Return on assets | 2.0% | 4.3% | 5.1% | |
| Debt to equity | 5.12 | 2.77 | – | |
| Net debt to EBITDA | 9.82× | 5.53× | 5.91× | |
| Interest coverage | 1.2× | 2.5× | 2.1× | |
| Capex to revenue | 2.8% | 2.3% | 1.5% | |
| Diluted shares | 26M | 32M | 24M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Encore Capital generated $976.09M from operations and spent $718.69M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$976.09M
Used
$718.69M
Capital expenditure$150.68M21%Dividends$00%Share buybacks$568.01M79%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-16.9%
×Asset turnover0.27×
×Equity multiplier4.32×
=Return on equity, FY2023-19.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -16.9% | 0.27× | 4.32× | -19.5% |
| FY2022 | 13.9% | 0.31× | 3.85× | 16.5% |
| FY2021 | 21.7% | 0.34× | 3.94× | 29.2% |
| FY2020 | 14.1% | 0.31× | 4.36× | 18.9% |
| FY2019 | 11.9% | 0.29× | 5.19× | 18.2% |
| FY2018 | 8.8% | 0.29× | 6.52× | 16.6% |
| FY2017 | 7.3% | 0.28× | 7.15× | 14.6% |
| FY2016 | 6.9% | 0.28× | 6.79× | 13.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$256.83M
- Cash generatingOperating cash flow above zero$153.20M
- Return on assets improvedROA up on the prior year-3.0% → 5.4%
- Earnings backed by cashOperating cash flow above net income$153.20M vs $256.83M
- Less leverageLong-term debt to assets fell77.5% → 75.5%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise24M → 24M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.28 → 0.37