ECPG

MKT CAP:$2B

Encore Capital Group, Inc.

Market Cap

$2B

Financial Services·Financial - Mortgages·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$78.70+$22.79 (+40.76%)

Apr 16, 2026

Company Details

Encore Capital Group, Inc., a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep...

CEO

Ashish Masih

IPO Date

Jul 9, 1999

Website

www.encorecapital.com

Key Metrics TTM

Revenue

$1.8B

+34.4% YoY

Net Income

$257M

EPS (Diluted)

$10.96

Free Cash Flow

$127M

Revenue / Share

$77.66

Gross Margin

74.1%

Operating Margin

35.4%

Net Margin

14.5%

FCF Margin

7.2%

P/S

1.0x

P/E

7.2x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 25, 2026

$1.8B+33.9%EPS $10.91

Q4 2025

Feb 25, 2026

$474M+78.3%EPS $3.37

Q3 2025

Nov 5, 2025

$460M+25.4%EPS $3.17

Q2 2025

Aug 6, 2025

$442M+24.4%EPS $2.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$500M	$337M	$265M
Q2 22	$357M	$193M	$119M
Q3 22	$308M	$158M	$81M
Q4 22	$234M	$82M	-$2M
Q1 23	$313M	$147M	$70M
Q2 23	$323M	$160M	$88M
Q3 23	$310M	$150M	$76M
Q4 23	$277M	$115M	-$217M
Q1 24	$328M	$158M	$84M
Q2 24	$355M	$177M	$102M
Q3 24	$367M	$228M	$106M
Q4 24	$266M	$84M	-$134M
Q1 25	$393M	$287M	$129M
Q2 25	$442M	$324M	$151M
Q3 25	$460M	$257M	$173M
Q4 25	$474M	$443M	$173M

Valuation

Quarter	P/S	P/E
Q1 22	1.1x	4.3x
Q2 22	1.1x	4.7x
Q3 22	1.2x	5.4x
Q4 22	1.3x	9.5x
Q1 23	1.5x	49.3x
Q2 23	1.6x	558.3x
Q3 23	1.6x	—
Q4 23	1.5x	—
Q1 24	1.5x	—
Q2 24	1.5x	—
Q3 24	1.4x	—
Q4 24	1.4x	—
Q1 25	1.3x	—
Q2 25	1.3x	—
Q3 25	1.2x	—
Q4 25	1.0x	7.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$55M	$47M
Q2 22	$44M	$39M
Q3 22	$56M	$47M
Q4 22	$56M	$40M
Q1 23	$36M	$31M
Q2 23	$27M	$22M
Q3 23	$54M	$46M
Q4 23	$37M	$2M
Q1 24	$51M	$44M
Q2 24	$36M	$28M
Q3 24	$46M	$40M
Q4 24	$24M	$15M
Q1 25	$45M	$38M
Q2 25	$10M	$3M
Q3 25	$82M	$76M
Q4 25	$17M	$10M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$5M
Q3 22	$9M
Q4 22	$16M
Q1 23	$5M
Q2 23	$5M
Q3 23	$7M
Q4 23	$35M
Q1 24	$7M
Q2 24	$7M
Q3 24	$6M
Q4 24	$9M
Q1 25	$7M
Q2 25	$6M
Q3 25	$6M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+19.9%	-5.6%
Q2 22	-16.6%	-6.1%
Q3 22	-25.4%	-7.6%
Q4 22	-34.5%	+1.3%
Q1 23	-37.4%	+3.3%
Q2 23	-9.5%	-1.3%
Q3 23	+0.6%	+3.0%
Q4 23	+18.5%	+109.3%
Q1 24	+5.0%	+0.9%
Q2 24	+10.0%	+7.9%
Q3 24	+18.6%	+11.5%
Q4 24	-4.2%	-19.2%
Q1 25	+19.6%	+7.6%
Q2 25	+24.4%	+15.0%
Q3 25	+25.4%	+10.0%
Q4 25	+78.3%	-24.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	0.8%
Q2 22	$5M	1.4%
Q3 22	$3M	1.0%
Q4 22	$3M	1.4%
Q1 23	$4M	1.3%
Q2 23	$4M	1.2%
Q3 23	$3M	1.0%
Q4 23	$3M	1.0%
Q1 24	$3M	1.0%
Q2 24	$5M	1.3%
Q3 24	$4M	1.0%
Q4 24	$2M	0.9%
Q1 25	$3M	0.9%
Q2 25	$5M	1.2%
Q3 25	$4M	0.9%
Q4 25	$5M	1.1%

OpEx Breakdown

Quarter	G&A
Q1 22	$34M
Q2 22	$35M
Q3 22	$37M
Q4 22	$40M
Q1 23	$38M
Q2 23	$35M
Q3 23	$36M
Q4 23	$37M
Q1 24	$36M
Q2 24	$37M
Q3 24	$39M
Q4 24	$52M
Q1 25	$41M
Q2 25	$41M
Q3 25	$39M
Q4 25	$44M

Revenue Segments

Quarter	Operating Segments
Q1 25	$393M
Q2 25	$442M
Q3 25	$460M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$160M	$0	$160M
Q2 22	$154M	$0	$154M
Q3 22	$147M	$0	$147M
Q4 22	$144M	$0	$144M
Q1 23	$159M	$0	$159M
Q2 23	$185M	$0	$185M
Q3 23	$145M	$0	$145M
Q4 23	$158M	$0	$158M
Q1 24	$173M	$0	$173M
Q2 24	$251M	$0	$251M
Q3 24	$247M	$0	$247M
Q4 24	$200M	$0	$200M
Q1 25	$187M	$0	$187M
Q2 25	$173M	$0	$173M
Q3 25	$172M	$0	$172M
Q4 25	$157M	$0	$157M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	27M	-8.5%	-13.7%
Q2 22	26M	-3.9%	-15.9%
Q3 22	26M	-1.9%	-17.4%
Q4 22	24M	-9.2%	-21.6%
Q1 23	25M	+5.9%	-9.2%
Q2 23	24M	-2.7%	-8.1%
Q3 23	24M	+0.4%	-5.9%
Q4 23	24M	-2.6%	+0.8%
Q1 24	24M	+3.1%	-1.9%
Q2 24	24M	-1.5%	-0.8%
Q3 24	24M	+1.3%	+0.1%
Q4 24	24M	-2.2%	+0.6%
Q1 25	24M	+1.7%	-0.8%
Q2 25	24M	-2.8%	-2.2%
Q3 25	24M	-0.2%	-3.6%
Q4 25	23M	-3.2%	-4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$75.7K	7K
Q2 22	$54.0K	7K
Q3 22	$46.6K	7K
Q4 22	$33.9K	7K
Q1 23	$45.3K	7K
Q2 23	$46.8K	7K
Q3 23	$44.9K	7K
Q4 23	$37.5K	7K
Q1 24	$44.4K	7K
Q2 24	$48.0K	7K
Q3 24	$49.6K	7K
Q4 24	$36.1K	7K
Q1 25	$53.4K	7K
Q2 25	$60.2K	7K
Q3 25	$62.6K	7K
Q4 25	$64.4K	7K

Revenue / Employee