Encore Capital Group, Inc. (ECPG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.62	$3.95	+50.8%	—	$491.9M	—
Q1 26	$2.6	$3.64	+40.0%	—	$475.4M	—
Q4 25	$1.75	$3.48	+98.9%	—	$473.6M	—
Q3 25	$1.59	$3.18	+100.0%	—	$460.4M	—
Q2 25	$1.21	$2.52	+108.3%	—	$442.1M	—
Q1 25	$0.99	$1.94	+96.0%	—	$392.8M	—
Q4 24	$1.45	-$4.26	-393.8%	—	$265.6M	—
Q3 24	$1.42	$1.26	-11.3%	—	$367.1M	—
Q2 24	$1.18	$1.39	+17.8%	—	$355.3M	—
Q1 24	$0.76	$1.02	+34.2%	—	$328.4M	—
Q4 23	$1.22	-$0.57	-146.7%	—	$277.4M	—
Q3 23	$1.32	$0.79	-40.2%	—	$309.6M	—
Q2 23	$1.25	$1.08	-13.6%	—	$323M	—
Q1 23	$1.21	$0.75	-38.0%	—	$312.6M	—
Q4 22	$1.47	-$3.11	-311.6%	—	$234M	—
Q3 22	$1.78	$1.22	-31.5%	—	$307.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$11.1	—	—	$1.8B	—
FY24	—	-$5.83	—	—	$1.3B	—
FY23	—	-$8.72	—	—	$1.2B	—
FY22	—	$8.06	—	—	$1.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1B	$1.2B	$1.4B	$1.4B	$1.5B	$1.6B	$1.4B	$1.2B	$1.3B	$1.8B
YoY change	-8.91%	+15.3%	+14.7%	+2.62%	+7.42%	+7.53%	-13.4%	-12.6%	+7.66%	+34.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1B	1.2B	1.4B	1.4B	1.5B	1.6B	1.4B	1.2B	1.3B	1.8B
Cost of revenue	518.1M	559.5M	622.2M	642.9M	667M	686.5M	628.6M	651.4M	712.8M	803M
Gross profit	511.2M	627.5M	739.8M	754.8M	834.4M	928M	769.7M	571.2M	603.6M	965.8M
Gross margin	49.7%	52.9%	54.3%	54%	55.6%	57.5%	55%	46.7%	45.9%	54.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	134M	158.1M	158.4M	148.3M	149.1M	137.7M	145.8M	144.9M	163.8M	165.9M
Operating expenses	234.8M	263M	293.3M	256.7M	258.1M	244.6M	257M	256M	294.6M	310.4M
Operating income	241.5M	324.5M	405.3M	457.1M	533.6M	633.3M	466.2M	273.5M	276.5M	626.6M
Operating margin	23.5%	27.3%	29.8%	32.7%	35.5%	39.2%	33.3%	22.4%	21%	35.4%
Non-operating income, net	14.2M	10.8M	-11.5M	-38M	-41.3M	-27.1M	-2M	-251.8M	-120.1M	3.4M
Pretax income	57.4M	131.2M	156.5M	201.2M	282.9M	436.5M	311M	-180.3M	-96.2M	336.2M
Income tax	38.2M	52M	46.8M	32.3M	70.4M	85.3M	116.4M	26.2M	43M	79.3M
Net income	16.8M	79M	109.7M	168.9M	212.5M	351.2M	194.6M	-206.5M	-139.2M	256.8M
Net margin	1.63%	6.65%	8.06%	12.1%	14.2%	21.8%	13.9%	-16.9%	-10.6%	14.5%
EBITDA	278M	375.4M	437.8M	479.7M	576M	665.6M	514.8M	320.3M	301M	647M
EPS	2.98	3.2	4.09	5.38	6.74	11.6	8.06	-8.72	-5.83	11.1
Diluted EPS	2.96	3.15	4.06	5.33	6.68	11.3	7.46	-8.72	-5.83	10.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	309.6M	277.4M	328.4M	355.3M	367.1M	265.6M	392.8M	442.1M	460.4M	473.6M	475.4M	491.9M
Cost of revenue	159.4M	162.6M	170.3M	178.4M	182.2M	181.9M	180.8M	205.8M	203.7M	212.7M	210.1M	222.3M
Gross profit	150.2M	114.8M	158M	176.9M	184.9M	83.7M	212M	236.4M	256.6M	260.9M	265.3M	269.6M
Gross margin	48.5%	41.4%	48.1%	49.8%	50.4%	31.5%	54%	53.5%	55.7%	55.1%	55.8%	54.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	35.6M	36.8M	36.2M	36.8M	38.8M	52M	41M	41.3M	39.2M	44.4M	39.6M	38.7M
Operating expenses	63.5M	66.1M	66.6M	67.6M	70.6M	89.8M	75.3M	78.3M	76.3M	80.6M	74.5M	75.6M
Operating income	75.5M	39.7M	83.6M	101.8M	106.1M	-15M	129.3M	150.7M	173.2M	173.4M	184M	186.9M
Operating margin	24.4%	14.3%	25.5%	28.7%	28.9%	-5.66%	32.9%	34.1%	37.6%	36.6%	38.7%	38%
Non-operating income, net	5.1M	-256.9M	2.7M	2M	1.6M	-126.4M	1.6M	1.2M	929K	-380K	790K	-30.1M
Pretax income	30.1M	-271.7M	30.5M	42.5M	40.8M	-210M	60.5M	78M	99.9M	97.8M	111.7M	82.8M
Income tax	10.7M	-934K	7.3M	10.3M	10.1M	15.3M	13.7M	19.3M	25.2M	21.2M	25.5M	18.8M
Net income	19.3M	-270.8M	23.2M	32.2M	30.6M	-225.3M	46.8M	58.7M	74.7M	76.7M	86.2M	64M
Net margin	6.25%	-97.6%	7.08%	9.06%	8.35%	-84.8%	11.9%	13.3%	16.2%	16.2%	18.1%	13%
EBITDA	88.3M	-208.2M	94.1M	107.6M	111.8M	-136.2M	135M	155.8M	177.6M	177M	189.3M	191.9M
EPS	0.82	—	0.98	1.35	1.28	-9.42	1.96	2.5	3.22	3.43	3.97	2.97
Diluted EPS	0.79	—	0.79	1.34	1.26	-9.42	1.93	2.49	3.17	3.37	3.86	2.81

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	736.7M	1.1B	665.4M	—	1.2B	1.9B	—	1.2B	1.1B	1.3B	2B
Enterprise value	3.4B	4.3B	4B	—	4.3B	4.7B	—	4.4B	4.6B	5.1B	6.1B
Shares outstanding	25.7M	26M	28.3M	31.2M	31.4M	30.1M	24.1M	23.7M	23.9M	23.2M	23.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	43.8	13.8	6.06	—	5.76	5.33	—	—	—	4.92	7.48
P/S	0.72	0.92	0.49	—	0.82	1.16	—	0.98	0.87	0.71	1.1
P/B	1.23	1.51	0.81	—	1	1.58	—	1.28	1.49	1.29	1.93
EV/EBITDA	12.2	11.5	9.13	—	7.49	7.03	—	13.6	15.3	7.89	8.17
EV/Sales	3.3	3.65	2.94	—	2.88	2.9	—	3.57	3.5	2.89	3.2
Earnings yield	2.28%	7.22%	16.5%	—	17.4%	18.8%	—	—	—	20.3%	13.4%
FCF yield	13.4%	8.75%	17.9%	—	22.7%	13.5%	—	8.43%	11.1%	10.1%	-7.67%
PEG	—	—	—	—	—	—	—	—	—	—	0.4

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.7%	52.9%	54.3%	54%	55.6%	57.5%	55%	46.7%	45.9%	54.6%	54.8%
Operating margin	23.5%	27.3%	29.8%	32.7%	35.5%	39.2%	33.3%	22.4%	21%	35.4%	38%
Net margin	1.63%	6.65%	8.06%	12.1%	14.2%	21.8%	13.9%	-16.9%	-10.6%	14.5%	15.9%
ROE	2.8%	10.9%	13.4%	16.5%	17.4%	29.6%	16.5%	-22%	-18.1%	26.3%	30.5%
ROA	0.46%	1.76%	2.37%	3.44%	4.37%	7.62%	4.32%	-4.46%	-2.91%	4.81%	8.34%
ROIC	2.48%	4.95%	6.84%	8.83%	9.29%	12.8%	7.41%	6.68%	6.52%	9.93%	10.9%
Return on tangible assets	0.82%	3.18%	3.96%	5.56%	7.18%	12.8%	6.9%	-6.04%	-3.69%	6.02%	6.69%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.24	0.44	0.28	0.2	0.33	0.35	0.78	0.95	1.05	1.04	11.4
Quick ratio	0.24	0.44	0.28	0.2	0.33	0.35	0.78	0.95	1.05	1.04	0.29
Debt / equity	4.67	4.76	4.26	3.43	2.69	2.53	2.46	3.54	4.79	4.1	3.88
Debt / assets	0.76	0.77	0.75	0.72	0.67	0.65	0.64	0.72	0.77	0.75	0.75
Net debt / EBITDA	9.56	8.62	7.61	6.92	5.37	4.22	5.35	9.87	11.5	5.94	5.43
Interest coverage	1.31	1.64	1.66	1.92	2.35	3.57	3.03	0.11	0.6	2.2	2.38
Effective tax rate	66.6%	39.7%	29.9%	16.1%	24.9%	19.5%	37.4%	0%	0%	23.6%	23.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	40	45.7	48.1	44.8	47.8	53.6	57.9	51.7	55.1	76.1	85.6
EPS (basic)	2.98	3.2	4.09	5.38	6.74	11.6	8.06	-8.72	-5.83	11.1	11.1
EPS (diluted)	2.96	3.15	4.06	5.33	6.68	11.3	7.46	-8.72	-5.83	10.9	13.2
Book value per share	23.4	27.9	29	32.9	38.8	39.3	48.9	39.6	32.1	42	50.9
FCF per share	3.84	3.68	4.21	6.57	8.85	8.38	5.56	4.28	5.32	5.46	5.49
Cash per share	5.82	8.17	5.56	6.16	6.02	6.29	5.96	6.69	8.37	6.75	8.63
Capex per share	1.23	1.08	2.38	1.27	1.1	0.64	2.02	0.04	1.14	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.08%	2.37%	4.95%	2.83%	2.3%	1.2%	3.49%	0.08%	2.06%	—	—
Capex / operating cash flow	61%	16.6%	29.6%	17.5%	12.1%	6.21%	23.6%	-0.89%	73.4%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$309.6M	$277.4M	$328.4M	$355.3M	$367.1M	$265.6M	$392.8M	$442.1M	$460.4M	$473.6M	$475.4M	$491.9M
YoY change	+0.61%	+18.5%	+5.04%	+9.98%	+18.6%	-4.24%	+19.6%	+24.4%	+25.4%	+78.3%	+21%	+11.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	149.8M	212.1M	157.4M	192.3M	189.2M	189.6M	143.9M	158.4M	199.9M	156.8M
Receivables	—	—	—	—	—	—	—	—	—	21.1M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	223.5M	378.1M	284.5M	265.4M	278.3M	258.5M	208.6M	209.1M	245.9M	240.1M
Property, plant & equipment	72.3M	76.3M	115.5M	195.3M	199.5M	188.7M	184M	171M	138.7M	138.7M
Goodwill & intangibles	1.6B	2B	1.9B	1.9B	1.9B	1.9B	1.7B	1.2B	1B	1.1B
Total assets	3.7B	4.5B	4.6B	4.9B	4.9B	4.6B	4.5B	4.6B	4.8B	5.3B
Accounts payable	234.4M	284.8M	287.9M	223.9M	—	—	—	—	—	—
Short-term debt	685.8M	576M	727M	1.1B	627.6M	514.1M	68.4M	29.3M	—	—
Total current liabilities	920.2M	860.7M	1B	1.3B	843.5M	743.7M	266.6M	219.2M	233.5M	230.3M
Long-term debt	2.1B	2.9B	2.8B	2.4B	2.7B	2.5B	2.8B	3.3B	3.7B	4B
Total liabilities	3.1B	3.8B	3.8B	3.9B	3.6B	3.4B	3.3B	3.7B	4B	4.4B
Shareholders' equity	600.5M	723.9M	819.7M	1B	1.2B	1.2B	1.2B	936.5M	767.3M	976.8M
Total debt	2.8B	3.4B	3.5B	3.5B	3.3B	3B	2.9B	3.3B	3.7B	4B
Net debt	2.7B	3.2B	3.3B	3.3B	3.1B	2.8B	2.8B	3.2B	3.5B	3.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	144.7M	158.4M	173M	250.6M	247.4M	199.9M	187.1M	172.9M	172.5M	156.8M	227.2M	182.9M
Receivables	—	—	—	—	—	—	—	13.4M	13.6M	21.1M	12M	13.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	238.8M	209.1M	230.7M	329.4M	340.2M	245.9M	238.3M	248M	251.2M	240.1M	305.4M	251.5M
Property, plant & equipment	170.5M	171M	166M	162.7M	164.6M	138.7M	141.9M	145.1M	142.1M	138.7M	131.9M	130.9M
Goodwill & intangibles	1.7B	1.2B	1.2B	1.2B	1.3B	1B	1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total assets	4.8B	4.6B	4.7B	4.8B	5B	4.8B	5B	5.2B	5.3B	5.3B	5.5B	5.6B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	902.8M	29.3M	387.3M	9.8M	7M	—	916.4M	999.7M	927.3M	—	681.3M	691.6M
Total current liabilities	1.1B	219.2M	567.5M	207.3M	229.8M	233.5M	1.2B	1.2B	1.2B	230.3M	933.5M	882.5M
Long-term debt	2.2B	3.3B	3B	3.4B	3.5B	3.7B	2.9B	3B	3B	4B	3.4B	3.5B
Total liabilities	3.6B	3.7B	3.7B	3.8B	3.9B	4B	4.2B	4.3B	4.3B	4.4B	4.4B	4.5B
Shareholders' equity	1.2B	936.5M	953.9M	988.1M	1B	767.3M	819.1M	896M	952.9M	976.8M	1B	1.1B
Total debt	3.1B	3.3B	3.4B	3.5B	3.6B	3.7B	3.8B	4B	3.9B	4B	4B	4.2B
Net debt	3B	3.2B	3.2B	3.2B	3.3B	3.5B	3.6B	3.8B	3.8B	3.8B	3.8B	4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	19.2M	79.2M	109.7M	168.9M	212.5M	351.2M	194.6M	-206.5M	-139.2M	256.8M
Depreciation & amortization	34.9M	40M	41.2M	41M	42.8M	50.1M	46.4M	41.7M	32.4M	28.8M
Stock-based compensation	12.6M	10.4M	13M	12.6M	16.6M	18.3M	15.4M	13.9M	14M	18.3M
Change in working capital	7.5M	-29.1M	4.3M	-60.9M	-79M	10.8M	-37.7M	5.5M	28.2M	6.3M
Operating cash flow	51.9M	169M	228.3M	225.9M	285.2M	310.8M	206.6M	-103.9M	37M	153.2M
Capital expenditure	-31.7M	-28.1M	-67.5M	-39.6M	-34.6M	-19.3M	-48.8M	928K	27.2M	—
Investing cash flow	-183.5M	-452.1M	-399.4M	-202.3M	82.8M	339.9M	-141.9M	-401.9M	-440.4M	-254M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	—	0	0	-390.6M	-87M	0	0	-90.4M
Financing cash flow	13.4M	644.6M	537.4M	-2.6M	-873.4M	-730.2M	156.4M	474.7M	317.8M	44.9M
Net change in cash	-118.2M	361.5M	366.3M	21M	-505.4M	-79.5M	221.1M	-31.2M	-85.6M	-55.9M
Free cash flow	98.7M	95.7M	119.3M	205.1M	278.3M	252.6M	134.1M	101.3M	126.9M	126.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.3M	-270.8M	23.2M	32.2M	30.6M	-225.3M	46.8M	58.7M	74.7M	76.7M	86.2M	64M
Depreciation & amortization	11.2M	9M	7.8M	7.5M	8.2M	9M	7.3M	7.3M	7.2M	6.9M	6.9M	7.1M
Stock-based compensation	3.1M	2.8M	3.4M	4.6M	3.7M	2.3M	3.4M	5.3M	4.3M	5.2M	4.6M	6M
Change in working capital	3.8M	37.7M	-483K	-8.7M	5M	32.3M	3.9M	-15.2M	54.9M	-37.4M	40.2M	-71.5M
Operating cash flow	53.6M	-221.3M	51M	35.5M	46.7M	-95.6M	45.3M	9.5M	81.6M	16.8M	82.3M	-29.4M
Capital expenditure	-7.3M	17.7M	-6.9M	-7.4M	-6.2M	47.6M	-7M	—	—	—	—	—
Investing cash flow	-56.5M	-131.2M	-90.9M	-41M	-43.8M	-264.7M	-100.3M	-63M	-39.9M	-57.8M	-22.6M	-94.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	—	—	—	—	-10M	-15.2M	-10.1M	-55.1M	-20.1M	-26.9M
Financing cash flow	-33.4M	132.5M	55.8M	83.7M	-9M	187.3M	40.3M	46.9M	-36.7M	-5.7M	18.6M	88.2M
Net change in cash	-36.3M	-220M	15.9M	78.2M	-6.1M	-173M	-14.7M	-6.6M	5M	-46.6M	78.4M	-36M
Free cash flow	46.3M	1.8M	44.1M	28.3M	39.7M	14.8M	38.3M	3.2M	75.6M	9.9M	77.5M	-37.8M

Encore Capital Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement