Encore Capital Group (ECPG) Financials

$81.61 +2.59 (+3.27%)

Closing price 03:59 PM Eastern

Extended Trading

$81.70 +0.10 (+0.12%)

As of 04:04 PM Eastern

Annual Income Statements for Encore Capital Group

This table shows Encore Capital Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2013	2014	2015	2016	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	226	207	135	153	168	212	351	195	-206	-139	257
Consolidated Net Income / (Loss)	74	202	47	93	169	213	351	195	-206	-139	257
Net Income / (Loss) Continuing Operations	75	93	71	19	169	213	351	195	-206	-139	257
Total Pre-Tax Income	121	142	98	57	201	283	437	311	-180	-96	336
Total Operating Income	198	308	282	242	446	534	633	462	17	157	627
Total Gross Profit	592	804	868	832	1,021	1,123	1,229	1,023	914	983	1,102
Total Revenue	757	1,043	1,130	1,113	1,398	1,501	1,614	1,398	1,305	1,406	1,560
Operating Revenue	745	993	1,072	1,113	1,406	1,501	1,614	1,398	1,305	1,406	1,560
Total Cost of Revenue	165	239	262	281	376	378	385	375	392	423	458
Operating Cost of Revenue	165	239	262	281	376	378	385	375	392	423	458
Total Operating Expenses	394	496	585	591	575	590	596	561	897	826	475
Selling, General & Admin Expense	176	230	285	235	257	258	245	257	256	295	310
Depreciation Expense	14	27	33	35	41	43	50	46	42	32	29
Other Operating Expenses / (Income)	204	239	268	321	267	289	301	254	342	380	136
Impairment Charge	0.00	-	-	-	11	-	0.00	4.08	257	119	0.00
Total Other Income / (Expense), net	-77	-167	-184	-184	-245	-251	-197	-151	-197	-254	-290
Interest Expense	73	167	187	198	227	250	179	153	202	260	296
Other Income / (Expense), net	-4.22	0.11	2.24	14	-18	-0.36	-18	2.12	5.08	6.83	5.04
Income Tax Expense	45	49	27	38	32	70	85	116	26	43	79
Basic Earnings per Share	$3.05	$4.01	$1.75	$2.98	$5.38	$6.74	$11.64	$8.06	($8.72)	($5.83)	$11.05
Weighted Average Basic Shares Outstanding	24.66M	25.85M	25.72M	25.71M	31.21M	31.43M	30.13M	24.14M	23.67M	23.87M	23.23M
Diluted Earnings per Share	$2.87	$3.77	$1.69	$2.96	$5.33	$6.68	$11.26	$7.46	($8.72)	($5.83)	$10.91
Weighted Average Diluted Shares Outstanding	26.20M	27.50M	26.65M	25.91M	31.47M	31.71M	31.15M	26.09M	23.67M	23.87M	23.53M
Weighted Average Basic & Diluted Shares Outstanding	25.48M	25.80M	25.29M	25.60M	31.10M	31.35M	24.53M	23.32M	23.55M	23.69M	21.41M

This table shows Encore Capital Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	-271	23	32	31	-225	47	59	75	77	86
Consolidated Net Income / (Loss)	19	-271	23	32	31	-225	47	59	75	77	86
Net Income / (Loss) Continuing Operations	19	-271	23	32	31	-225	47	59	75	77	86
Total Pre-Tax Income	30	-272	30	43	41	-210	60	78	100	98	112
Total Operating Income	76	-217	84	102	106	-134	129	151	173	173	184
Total Gross Profit	232	151	237	249	247	161	265	324	343	147	361
Total Revenue	327	247	341	355	354	266	371	442	460	265	475
Operating Revenue	327	247	341	355	354	266	371	442	460	265	475
Total Cost of Revenue	95	97	104	107	108	105	106	118	117	117	115
Operating Cost of Revenue	95	97	104	107	108	105	106	118	117	117	115
Total Operating Expenses	156	368	153	147	141	295	136	174	170	-26	177
Selling, General & Admin Expense	64	66	67	68	71	90	75	78	76	81	74
Depreciation Expense	11	8.97	7.85	7.46	8.16	8.97	7.34	7.31	7.17	6.94	6.86
Other Operating Expenses / (Income)	81	36	79	72	62	77	53	88	87	-114	96
Total Other Income / (Expense), net	-45	-55	-53	-59	-65	-76	-69	-73	-73	-76	-72
Interest Expense	51	55	56	61	67	76	71	74	74	77	73
Other Income / (Expense), net	5.10	-0.00	2.67	2.05	1.58	0.54	1.65	1.23	0.93	1.23	0.79
Income Tax Expense	11	-0.93	7.25	10	10	15	14	19	25	21	25
Basic Earnings per Share	$0.82	($11.44)	$0.98	$1.35	$1.28	($9.44)	$1.96	$2.50	$3.22	$3.37	$3.97
Weighted Average Basic Shares Outstanding	23.71M	23.67M	23.78M	23.88M	23.91M	23.87M	23.88M	23.51M	23.22M	23.23M	21.73M
Diluted Earnings per Share	$0.79	($11.34)	$0.95	$1.34	$1.26	($9.38)	$1.93	$2.49	$3.17	$3.32	$3.86
Weighted Average Diluted Shares Outstanding	24.38M	23.67M	24.47M	24.10M	24.41M	23.87M	24.27M	23.58M	23.52M	23.53M	22.32M
Weighted Average Basic & Diluted Shares Outstanding	23.53M	23.55M	23.69M	23.69M	23.69M	23.69M	23.35M	23.01M	22.30M	21.41M	21.44M

This table details how cash moves in and out of Encore Capital Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-17	44	4.80	50	23	-7.51	-13	-27	19	34	-45
Net Cash From Operating Activities	112	116	130	124	245	313	303	211	153	156	153
Net Cash From Continuing Operating Activities	107	118	128	124	245	313	303	211	153	156	153
Net Income / (Loss) Continuing Operations	91	71	19	79	169	213	351	195	-206	-139	257
Consolidated Net Income / (Loss)	98	47	17	-79	169	213	351	195	-206	-139	257
Depreciation Expense	27	33	35	40	41	43	50	46	42	32	29
Non-Cash Adjustments To Reconcile Net Income	16	50	120	4.84	65	84	-163	-58	370	239	-176
Changes in Operating Assets and Liabilities, net	-27	-36	-45	-0.18	-30	-27	65	27	-53	24	44
Net Cash From Investing Activities	-755	-473	-169	-452	-202	83	340	-130	-402	-440	-243
Net Cash From Continuing Investing Activities	-703	-420	-183	-452	-202	83	340	-130	-402	-440	-243
Purchase of Property, Plant & Equipment	-23	-29	-32	-28	-40	-35	-33	-37	-25	-29	-26
Purchase of Investments	-863	-750	-907	-1,046	-1,035	-644	-657	-791	-1,060	-1,336	-1,389
Sale of Property, Plant & Equipment	-	-	-	-	-	-	31	28	53	56	38
Other Investing Activities, net	629	635	641	718	764	761	999	670	630	869	1,135
Net Cash From Financing Activities	626	400	43	378	-20	-403	-656	-107	268	318	45
Net Cash From Continuing Financing Activities	626	400	43	378	-20	-403	-656	-107	268	318	45
Repayment of Debt	-1,249	-984	-1,017	-1,536	-1,178	-3,537	-1,441	-800	-1,262	-2,674	-1,638
Repurchase of Common Equity	-17	-33	-	-	0.00	0.00	-391	-87	0.00	0.00	-90
Issuance of Debt	1,934	1,417	1,065	1,944	1,158	3,134	1,176	780	1,530	3,031	1,773
Other Financing Activities, net	-42	-	-	-	-	-	-	0.00	0.00	-40	0.00
Cash Interest Paid	95	152	148	163	179	170	132	131	164	211	260
Cash Income Taxes Paid	70	84	60	42	44	89	42	71	69	67	55

This table details how cash moves in and out of Encore Capital Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-35	15	16	78	-6.90	-54	-15	-13	-0.99	-16	74
Net Cash From Operating Activities	54	37	51	36	46	24	45	9.52	82	17	82
Net Cash From Continuing Operating Activities	54	37	51	36	46	24	45	9.52	82	17	82
Net Income / (Loss) Continuing Operations	19	-271	23	32	31	-225	47	59	75	77	86
Consolidated Net Income / (Loss)	19	-271	23	32	31	-225	47	59	75	77	86
Depreciation Expense	11	8.97	7.85	7.46	8.16	8.97	7.34	7.31	7.17	6.94	6.86
Non-Cash Adjustments To Reconcile Net Income	24	317	19	3.10	-4.50	221	-14	-47	-55	-60	-56
Changes in Operating Assets and Liabilities, net	-0.97	-18	0.40	-7.03	12	19	5.64	-9.86	55	-7.14	45
Net Cash From Investing Activities	-56	-131	-91	-41	-44	-265	-100	-69	-46	-27	-27
Net Cash From Continuing Investing Activities	-56	-131	-91	-41	-44	-265	-100	-69	-46	-27	-27
Purchase of Property, Plant & Equipment	-7.26	-8.04	-6.86	-7.39	-6.20	-8.56	-6.99	-6.33	-6.02	-6.93	-4.86
Purchase of Investments	-227	-288	-291	-276	-278	-492	-363	-363	-341	-323	-359
Other Investing Activities, net	178	112	207	242	240	179	269	300	301	265	337
Net Cash From Financing Activities	-32	109	56	84	-9.01	187	40	47	-37	-5.70	19
Net Cash From Continuing Financing Activities	-32	109	56	84	-9.01	187	40	47	-37	-5.70	19
Repayment of Debt	-219	-548	-693	-561	-74	-1,345	-196	-241	-290	-911	-319
Repurchase of Common Equity	-	-	0.00	-	-	-	-10	-15	-10	-55	-20
Issuance of Debt	185	670	749	645	65	1,573	246	303	263	961	358
Cash Interest Paid	41	44	46	34	58	72	41	93	39	87	37
Cash Income Taxes Paid	14	18	1.54	41	19	5.84	1.25	28	11	15	0.86

This table presents Encore Capital Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,750	4,175	3,670	4,491	4,910	4,865	4,608	4,508	4,630	4,790	5,340
Total Current Assets	124	124	150	212	192	189	190	144	158	200	157
Cash & Equivalents	124	124	150	212	192	189	190	144	158	200	157
Plant, Property, & Equipment, net	67	73	72	76	120	127	120	114	104	81	82
Total Noncurrent Assets	3,559	3,978	3,448	4,202	4,598	4,548	4,299	4,251	4,368	4,509	5,101
Noncurrent Note & Lease Receivables	2,403	2,441	2,383	2,891	3,284	3,292	3,066	3,088	3,468	3,776	4,372
Goodwill	898	925	785	929	884	907	898	821	606	508	536
Other Noncurrent Operating Assets	258	224	281	383	429	349	335	341	293	225	193
Total Liabilities & Shareholders' Equity	3,750	4,175	3,670	4,491	4,910	4,865	4,608	4,508	4,630	4,790	5,340
Total Liabilities	3,085	3,526	3,070	3,767	3,885	3,644	3,423	3,329	3,694	4,022	4,363
Total Current Liabilities	232	291	234	285	224	216	230	198	190	234	230
Accounts Payable	232	291	234	285	224	216	230	198	190	234	230
Total Noncurrent Liabilities	2,853	3,236	2,836	3,482	3,661	3,429	3,193	3,131	3,504	3,789	4,133
Long-Term Debt	2,774	2,944	2,806	3,447	3,513	3,282	2,997	2,899	3,318	3,673	4,001
Other Noncurrent Operating Liabilities	80	59	30	35	147	147	196	232	186	116	131
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	627	604	552	572	1,025	1,220	1,185	1,180	937	767	977
Total Preferred & Common Equity	623	596	559	582	1,022	1,218	1,185	1,180	937	767	977
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	623	596	559	582	1,022	1,218	1,185	1,180	937	767	977
Common Stock	126	111	104	43	223	231	0.25	0.23	11	20	0.22
Retained Earnings	498	543	561	616	888	1,056	1,239	1,278	1,049	910	1,105
Accumulated Other Comprehensive Income / (Loss)	-0.92	-58	-105	-77	-89	-69	-54	-99	-124	-162	-128

This table presents Encore Capital Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,328	4,686	4,877	4,760	4,687	4,817	4,994	4,970	5,191	5,258	5,451
Total Current Assets	147	159	185	145	173	251	247	187	173	172	227
Cash & Equivalents	147	159	185	145	173	251	247	187	173	172	227
Plant, Property, & Equipment, net	104	110	107	102	103	102	104	82	84	82	79
Total Noncurrent Assets	4,077	4,417	4,584	4,513	4,411	4,464	4,643	4,700	4,934	5,003	5,144
Noncurrent Note & Lease Receivables	2,976	3,215	3,331	3,321	3,531	3,583	3,719	3,953	4,185	4,270	4,437
Goodwill	770	834	852	826	602	603	628	519	543	536	529
Other Noncurrent Operating Assets	331	368	401	367	278	278	295	229	207	198	177
Total Liabilities & Shareholders' Equity	4,328	4,686	4,877	4,760	4,687	4,817	4,994	4,970	5,191	5,258	5,451
Total Liabilities	3,135	3,502	3,643	3,562	3,733	3,829	3,946	4,151	4,295	4,305	4,416
Total Current Liabilities	197	180	203	191	180	198	223	234	215	260	252
Accounts Payable	197	180	203	191	180	198	223	234	215	260	252
Total Noncurrent Liabilities	2,937	3,322	3,440	3,371	3,553	3,631	3,723	3,917	4,081	4,045	4,163
Long-Term Debt	2,690	3,082	3,203	3,114	3,364	3,455	3,551	3,791	3,965	3,934	4,033
Other Noncurrent Operating Liabilities	247	240	236	257	189	176	172	126	115	111	130
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,193	1,184	1,234	1,199	954	988	1,048	819	896	953	1,035
Total Preferred & Common Equity	1,193	1,184	1,234	1,199	954	988	1,048	819	896	953	1,035
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,193	1,184	1,234	1,199	954	988	1,048	819	896	953	1,035
Common Stock	0.24	0.24	4.14	8.34	8.89	13	17	9.88	0.23	0.23	0.22
Retained Earnings	1,358	1,274	1,301	1,320	1,072	1,105	1,135	957	1,015	1,084	1,167
Accumulated Other Comprehensive Income / (Loss)	-166	-90	-71	-129	-127	-130	-104	-148	-119	-131	-132

This table displays calculated financial ratios and metrics derived from Encore Capital Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.29%	-1.46%	2.91%	0.00%	0.00%	7.42%	7.53%	-13.39%	-12.56%	7.66%	10.95%
EBITDA Growth	-5.37%	-8.51%	29.16%	16.62%	7.14%	22.80%	15.55%	-23.27%	-87.60%	210.33%	235.94%
EBIT Growth	-7.81%	-10.10%	31.14%	18.23%	7.94%	24.58%	15.43%	-24.56%	-95.35%	659.55%	284.79%
NOPAT Growth	0.63%	-60.44%	142.66%	44.89%	32.05%	6.99%	27.10%	-43.25%	-96.00%	851.50%	334.73%
Net Income Growth	-76.54%	97.09%	73.69%	39.10%	-25.14%	25.82%	65.25%	-44.60%	-206.13%	32.57%	284.45%
EPS Growth	-55.17%	75.15%	6.42%	28.89%	31.28%	25.33%	68.56%	-33.75%	-216.89%	33.14%	287.14%
Operating Cash Flow Growth	4.13%	12.21%	-5.00%	50.86%	31.02%	27.84%	-3.14%	-30.48%	-27.38%	2.08%	-1.90%
Free Cash Flow Firm Growth	126.25%	-33.91%	-194.52%	938.25%	-193.62%	110.94%	90.77%	-58.08%	-143.19%	77.42%	-201.71%
Invested Capital Growth	-0.06%	-1.68%	21.55%	-100.00%	0.00%	-0.78%	-7.41%	-1.46%	4.11%	3.52%	13.70%
Revenue Q/Q Growth	2.14%	6.19%	1.15%	0.00%	308.56%	0.00%	-1.54%	3.24%	-11.18%	-4.65%	-0.07%
EBITDA Q/Q Growth	2.98%	0.68%	-4.77%	219.31%	509.58%	-33.66%	-0.12%	-20.03%	-77.32%	73.90%	86.46%
EBIT Q/Q Growth	2.64%	0.92%	-6.74%	257.13%	377.48%	-35.41%	-0.30%	-21.45%	-90.81%	103.63%	95.32%
NOPAT Q/Q Growth	16.43%	-54.31%	11.68%	0.00%	59.62%	-30.64%	2.77%	-36.82%	125.74%	111.67%	194.30%
Net Income Q/Q Growth	-73.30%	1,217.17%	-1.15%	1,447.32%	-32.64%	0.00%	12.45%	-43.40%	-2,233.77%	24.61%	669.10%
EPS Q/Q Growth	-36.47%	42.31%	-11.52%	35.33%	22.81%	0.00%	14.20%	-40.18%	-5,229.41%	25.16%	709.50%
Operating Cash Flow Q/Q Growth	52.50%	-5.58%	-2.32%	15.20%	-7.20%	5.07%	10.25%	-14.34%	-11.06%	-7.81%	-4.21%
Free Cash Flow Firm Q/Q Growth	286.92%	-71.31%	-146.61%	0.00%	0.00%	-18.80%	24.05%	-54.17%	68.54%	74.14%	88.26%
Invested Capital Q/Q Growth	-8.02%	-1.40%	7.47%	-100.00%	4.31%	2.45%	-1.09%	5.31%	-1.73%	-2.55%	2.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.79%	74.75%	72.44%	0.00%	73.07%	74.81%	76.14%	73.17%	67.98%	67.87%	70.63%
EBITDA Margin	28.11%	26.10%	32.76%	0.00%	33.56%	38.36%	41.22%	36.52%	5.18%	14.93%	42.34%
Operating Margin	24.98%	21.69%	28.32%	0.00%	31.93%	35.54%	39.22%	33.05%	1.35%	11.95%	40.17%
EBIT Margin	25.18%	22.97%	29.27%	0.00%	61.24%	35.51%	38.12%	33.20%	1.77%	12.47%	40.49%
Profit (Net Income) Margin	4.19%	8.39%	14.16%	0.00%	12.08%	14.16%	21.75%	13.91%	-16.89%	-10.58%	16.46%
Tax Burden Percent	48.38%	162.77%	123.61%	0.00%	0.00%	75.12%	80.45%	62.56%	114.55%	144.72%	76.40%
Interest Burden Percent	34.42%	22.43%	39.13%	0.00%	94.04%	53.06%	70.93%	66.98%	-834.05%	-58.61%	53.22%
Effective Tax Rate	27.74%	66.59%	39.66%	0.00%	16.07%	24.88%	19.55%	37.44%	0.00%	0.00%	23.60%
Return on Invested Capital (ROIC)	6.16%	2.46%	5.43%	0.00%	17.24%	9.26%	12.27%	7.29%	0.29%	2.64%	10.57%
ROIC Less NNEP Spread (ROIC-NNEP)	0.26%	2.93%	4.29%	0.00%	4.85%	3.39%	6.90%	3.89%	-7.09%	-4.88%	4.50%
Return on Net Nonoperating Assets (RNNOA)	1.06%	12.50%	19.07%	0.00%	15.71%	9.67%	16.93%	9.16%	-19.80%	-18.99%	18.88%
Return on Equity (ROE)	7.22%	14.95%	24.49%	0.00%	65.89%	18.93%	29.20%	16.45%	-19.52%	-16.34%	29.45%
Cash Return on Invested Capital (CROIC)	6.22%	4.15%	-14.03%	0.00%	-365.52%	10.04%	19.96%	8.77%	-3.74%	-0.81%	-2.26%
Operating Return on Assets (OROA)	7.18%	6.52%	8.22%	0.00%	17.43%	10.91%	13.00%	10.19%	0.47%	3.49%	12.47%
Return on Assets (ROA)	1.20%	2.38%	3.98%	0.00%	13.76%	4.35%	7.42%	4.27%	-4.52%	-2.96%	5.07%
Return on Common Equity (ROCE)	6.70%	13.84%	21.11%	50.10%	32.84%	18.88%	29.17%	16.45%	-19.52%	-16.34%	29.45%
Return on Equity Simple (ROE_SIMPLE)	7.94%	16.70%	27.88%	13.42%	49.47%	17.45%	29.63%	16.49%	-22.05%	-18.15%	0.00%
Net Operating Profit after Tax (NOPAT)	204	81	196	284	375	401	509	289	12	110	479
NOPAT Margin	18.05%	7.25%	17.09%	0.00%	26.80%	26.70%	31.56%	20.68%	0.95%	8.37%	30.69%
Net Nonoperating Expense Percent (NNEP)	5.89%	-0.48%	1.14%	0.00%	0.00%	5.87%	5.37%	3.40%	7.37%	7.52%	6.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.09%	0.27%	2.48%	9.62%
Cost of Revenue to Revenue	23.21%	25.25%	27.56%	0.00%	26.93%	25.19%	23.86%	26.83%	32.02%	32.13%	29.37%
SG&A Expenses to Revenue	25.18%	21.09%	22.95%	0.00%	18.37%	17.19%	15.15%	18.38%	20.94%	22.38%	19.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.81%	53.06%	44.12%	0.00%	82.28%	39.27%	36.92%	40.12%	66.63%	55.92%	30.46%
Earnings before Interest and Taxes (EBIT)	284	256	335	397	428	533	615	464	22	164	632
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	318	291	375	438	469	576	666	511	63	197	660
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.31	1.91	0.00	1.07	1.00	1.53	0.95	1.28	1.47	1.24
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	7.96	3.93	6.32	3.13	3.62	4.36	2.75
Price to Revenue (P/Rev)	0.65	0.66	0.97	0.00	0.79	0.81	1.13	0.80	0.98	0.86	0.78
Price to Earnings (P/E)	5.43	4.78	6.68	0.00	6.54	5.76	5.18	5.76	0.00	0.00	4.72
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	18.42%	20.94%	14.97%	0.00%	15.29%	17.35%	19.29%	17.35%	0.00%	0.00%	21.19%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.05	1.13	0.00	1.02	1.00	1.16	0.99	1.06	1.09	1.05
Enterprise Value to Revenue (EV/Rev)	3.19	3.08	3.92	0.00	3.16	2.87	2.87	2.77	3.56	3.50	3.24
Enterprise Value to EBITDA (EV/EBITDA)	11.36	11.80	11.96	1.53	9.43	7.49	6.95	7.59	68.73	23.42	7.66
Enterprise Value to EBIT (EV/EBIT)	12.68	13.41	13.38	1.69	10.33	8.09	7.52	8.35	201.44	28.05	8.01
Enterprise Value to NOPAT (EV/NOPAT)	17.68	42.49	22.92	2.37	11.80	10.77	9.08	13.40	376.15	41.81	10.56
Enterprise Value to Operating Cash Flow (EV/OCF)	31.06	26.31	36.25	3.59	18.07	13.79	15.26	18.40	28.46	29.49	33.01
Enterprise Value to Free Cash Flow (EV/FCFF)	17.50	25.18	0.00	0.16	0.00	9.93	5.58	11.15	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.54	4.67	4.76	0.00	6.85	2.69	2.53	2.46	3.54	4.79	4.10
Long-Term Debt to Equity	4.54	4.67	4.76	0.00	6.85	2.69	2.53	2.46	3.54	4.79	4.10
Financial Leverage	4.05	4.26	4.45	0.00	6.48	2.86	2.45	2.35	2.80	3.89	4.20
Leverage Ratio	6.03	6.28	6.16	0.00	9.58	4.35	3.94	3.85	4.32	5.53	5.81
Compound Leverage Factor	2.08	1.41	2.41	0.00	4.50	2.31	2.79	2.58	-36.02	-3.24	3.09
Debt to Total Capital	81.95%	82.37%	82.64%	0.00%	154.81%	72.90%	71.66%	71.08%	77.99%	82.72%	80.38%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	81.95%	82.37%	82.64%	0.00%	154.81%	72.90%	71.66%	71.08%	77.99%	82.72%	80.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.45%	1.21%	3.41%	0.00%	0.14%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	16.60%	16.42%	13.95%	0.00%	45.04%	27.05%	28.34%	28.92%	22.01%	17.28%	19.62%
Debt to EBITDA	9.27	9.66	9.18	0.00	14.98	5.70	4.50	5.68	52.38	18.68	6.06
Net Debt to EBITDA	8.88	9.14	8.62	0.00	14.16	5.37	4.22	5.39	49.88	17.67	5.82
Long-Term Debt to EBITDA	9.27	9.66	9.18	0.00	14.98	5.70	4.50	5.68	52.38	18.68	6.06
Debt to NOPAT	14.43	34.77	17.60	0.00	18.76	8.19	5.88	10.03	286.67	33.35	8.36
Net Debt to NOPAT	13.83	32.92	16.52	0.00	19.49	7.72	5.51	9.53	272.99	31.53	8.03
Long-Term Debt to NOPAT	14.43	34.77	17.60	0.00	18.76	8.19	5.88	10.03	286.67	33.35	8.36
Altman Z-Score	0.76	0.86	0.85	0.00	1.98	1.17	1.48	1.23	0.78	0.81	1.12
Noncontrolling Interest Sharing Ratio	7.15%	7.47%	13.84%	0.00%	0.63%	0.25%	0.10%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.43	0.64	0.74	0.00	1.72	0.88	0.83	0.73	0.83	0.86	0.68
Quick Ratio	0.43	0.64	0.74	0.00	1.72	0.88	0.83	0.73	0.83	0.86	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	206	136	-506	4,242	-3,972	435	829	348	-150	-34	-102
Operating Cash Flow to CapEx	405.77%	411.56%	440.23%	0.00%	1,235.96%	904.23%	13,694.22%	2,217.23%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.10	0.69	-2.48	17.87	-35.03	1.74	4.63	2.27	-0.74	-0.13	-0.35
Operating Cash Flow to Interest Expense	0.62	0.66	0.61	0.79	2.20	1.25	1.69	1.37	0.76	0.60	0.52
Operating Cash Flow Less CapEx to Interest Expense	0.47	0.50	0.47	1.07	1.81	1.11	1.68	1.31	0.90	0.71	0.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.28	0.28	0.00	0.57	0.31	0.34	0.31	0.27	0.28	0.31
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.20	15.38	15.43	0.00	0.00	12.14	13.06	11.96	11.22	14.27	19.18
Accounts Payable Turnover	1.00	1.07	1.22	0.00	0.00	1.72	1.73	1.75	2.02	2.00	1.98
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	363.62	340.86	300.08	0.00	0.00	212.25	211.08	208.12	180.92	182.74	184.72
Cash Conversion Cycle (CCC)	-363.62	-340.86	-300.08	0.00	0.00	-212.25	-211.08	-208.12	-180.92	-182.74	-184.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,312	3,257	3,959	0.00	4,346	4,313	3,993	3,935	4,096	4,240	4,821
Invested Capital Turnover	0.34	0.34	0.32	0.00	0.64	0.35	0.39	0.35	0.30	0.32	0.34
Increase / (Decrease) in Invested Capital	-2.10	-55	702	-3,959	4,346	-34	-320	-58	162	144	581
Enterprise Value (EV)	3,607	3,429	4,488	671	4,422	4,316	4,626	3,876	4,354	4,605	5,057
Market Capitalization	735	731	1,112	671	1,098	1,221	1,818	1,121	1,194	1,132	1,212
Book Value per Share	$23.60	$21.91	$22.04	$0.00	$32.91	$38.85	$40.49	$50.44	$39.80	$32.39	$43.79
Tangible Book Value per Share	($12.99)	($8.84)	($13.15)	$0.00	$4.44	$9.91	$9.82	$15.33	$14.03	$10.95	$19.75
Total Capital	3,593	3,406	4,171	0.00	4,539	4,502	4,183	4,078	4,255	4,440	4,978
Total Debt	2,944	2,806	3,447	0.00	3,513	3,282	2,997	2,899	3,318	3,673	4,001
Total Long-Term Debt	2,944	2,806	3,447	0.00	3,513	3,282	2,997	2,899	3,318	3,673	4,001
Net Debt	2,820	2,656	3,235	0.00	3,321	3,092	2,808	2,755	3,160	3,473	3,845
Capital Expenditures (CapEx)	29	32	28	-67	40	35	2.21	9.50	-28	-27	-11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-291	-234	-285	0.00	-224	-216	-230	-198	-190	-234	-230
Debt-free Net Working Capital (DFNWC)	-167	-85	-73	0.00	-32	-27	-40	-54	-32	-34	-73
Net Working Capital (NWC)	-167	-85	-73	0.00	-32	-27	-40	-54	-32	-34	-73
Net Nonoperating Expense (NNE)	157	-13	34	58	206	188	158	95	218	249	222
Net Nonoperating Obligations (NNO)	2,664	2,656	3,235	0.00	3,321	3,092	2,808	2,755	3,160	3,473	3,845
Total Depreciation and Amortization (D&A)	33	35	40	41	41	43	50	46	42	32	29
Debt-free, Cash-free Net Working Capital to Revenue	-25.72%	-21.05%	-24.85%	0.00%	-16.02%	-14.38%	-14.22%	-14.18%	-15.53%	-17.74%	-14.76%
Debt-free Net Working Capital to Revenue	-14.75%	-7.60%	-6.34%	0.00%	-2.26%	-1.78%	-2.47%	-3.88%	-2.58%	-2.56%	-4.71%
Net Working Capital to Revenue	-14.75%	-7.60%	-6.34%	0.00%	-2.26%	-1.78%	-2.47%	-3.88%	-2.58%	-2.56%	-4.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.75	$2.98	$3.20	$4.09	$5.38	$6.74	$11.64	$8.06	($8.72)	($5.83)	$11.05
Adjusted Weighted Average Basic Shares Outstanding	25.72M	25.71M	25.97M	28.31M	31.21M	31.43M	30.13M	24.14M	23.67M	23.87M	23.23M
Adjusted Diluted Earnings per Share	$1.69	$2.96	$3.15	$4.06	$5.33	$6.68	$11.26	$7.46	($8.72)	($5.83)	$10.91
Adjusted Weighted Average Diluted Shares Outstanding	26.65M	25.91M	26.41M	28.57M	31.47M	31.71M	31.15M	26.09M	23.67M	23.87M	23.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.29M	25.60M	0.00	0.00	31.10M	31.35M	24.53M	23.32M	23.55M	23.69M	21.41M
Normalized Net Operating Profit after Tax (NOPAT)	204	169	196	284	384	401	509	292	191	194	479
Normalized NOPAT Margin	18.05%	15.18%	17.09%	0.00%	27.45%	26.70%	31.56%	20.86%	15.66%	14.70%	30.69%
Pre Tax Income Margin	8.67%	5.15%	11.45%	0.00%	14.40%	18.84%	27.04%	22.24%	-14.74%	-7.31%	21.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.53	1.29	1.64	1.67	1.89	2.13	3.44	3.03	0.11	0.63	2.14
NOPAT to Interest Expense	1.09	0.41	0.96	1.20	1.65	1.60	2.85	1.89	0.06	0.42	1.62
EBIT Less CapEx to Interest Expense	1.37	1.13	1.51	1.95	1.71	1.99	3.43	2.97	0.24	0.74	2.18
NOPAT Less CapEx to Interest Expense	0.94	0.25	0.82	1.48	2.96	1.46	2.83	1.82	0.20	0.53	1.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	5.18%	-18.33%	-103.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	70.03%	5.18%	-18.33%	-103.76%	0.00%	0.00%	111.22%	44.72%	0.00%	0.00%	35.20%

This table displays calculated financial ratios and metrics derived from Encore Capital Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	21,410,273.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	21,410,273.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	4.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.15%	-38.35%	1.94%	8.81%	12.36%	7.39%	15.25%	24.44%	29.90%	-25.54%	28.04%
EBITDA Growth	-1.67%	-2,800.38%	13.74%	14.77%	26.15%	40.12%	47.00%	43.04%	56.51%	245.62%	38.53%
EBIT Growth	-1.35%	-5,977.08%	20.02%	20.35%	33.55%	38.47%	51.86%	46.27%	61.71%	230.66%	41.07%
NOPAT Growth	-18.75%	-9,322.69%	22.09%	20.91%	64.17%	38.22%	57.14%	47.16%	62.34%	244.66%	41.86%
Net Income Growth	-38.59%	-270.31%	24.77%	22.34%	58.45%	16.79%	101.37%	82.47%	143.64%	134.02%	84.30%
EPS Growth	-35.25%	-362.86%	26.67%	24.07%	59.49%	17.28%	103.16%	85.82%	151.59%	135.39%	100.00%
Operating Cash Flow Growth	-4.89%	-34.09%	41.97%	33.71%	-14.30%	-35.99%	-11.18%	-73.33%	77.63%	-28.60%	81.80%
Free Cash Flow Firm Growth	-206.40%	-652.32%	174.66%	142.99%	73.06%	24.15%	-783.79%	-379.47%	-125.97%	-87.07%	-55.51%
Invested Capital Growth	11.57%	4.11%	0.92%	-1.41%	4.39%	3.52%	6.70%	11.83%	8.34%	13.70%	9.46%
Revenue Q/Q Growth	0.05%	-24.29%	-0.45%	8.19%	3.32%	-27.64%	47.87%	12.56%	4.12%	-42.48%	79.55%
EBITDA Q/Q Growth	-5.36%	-326.78%	145.19%	18.32%	4.02%	-207.65%	210.95%	15.13%	13.82%	0.16%	5.55%
EBIT Q/Q Growth	-6.60%	-369.40%	139.71%	20.44%	3.64%	-224.13%	198.01%	16.01%	14.58%	0.30%	5.82%
NOPAT Q/Q Growth	-23.81%	-412.96%	141.90%	21.01%	3.45%	-217.78%	206.58%	13.33%	14.12%	4.95%	4.52%
Net Income Q/Q Growth	-26.48%	-1,500.08%	108.58%	38.48%	-4.78%	-835.26%	120.77%	25.48%	27.14%	2.67%	12.51%
EPS Q/Q Growth	-26.85%	-1,535.44%	108.38%	41.05%	-5.97%	-844.44%	120.58%	29.02%	27.31%	4.73%	16.27%
Operating Cash Flow Q/Q Growth	100.63%	-31.37%	38.62%	-29.95%	28.60%	-48.74%	92.33%	-78.97%	756.58%	-79.39%	389.72%
Free Cash Flow Firm Q/Q Growth	-20.50%	18.21%	108.28%	426.79%	-175.50%	-130.30%	25.35%	-115.30%	38.95%	-90.65%	37.94%
Invested Capital Q/Q Growth	-1.98%	-1.73%	1.19%	1.15%	3.79%	-2.55%	4.30%	6.01%	0.55%	2.27%	0.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.90%	60.88%	68.27%	69.99%	70.71%	60.61%	73.03%	73.37%	74.56%	55.64%	75.91%
EBITDA Margin	28.11%	-84.19%	28.66%	31.34%	31.55%	-46.94%	35.22%	36.02%	39.38%	68.57%	40.31%
Operating Margin	23.12%	-87.81%	25.46%	28.66%	28.90%	-50.52%	32.93%	34.09%	37.62%	65.49%	38.70%
EBIT Margin	24.68%	-87.81%	26.27%	29.24%	29.33%	-50.32%	33.35%	34.37%	37.82%	65.95%	38.87%
Profit (Net Income) Margin	5.92%	-109.47%	7.08%	9.06%	8.35%	-84.82%	11.91%	13.28%	16.22%	28.95%	18.14%
Tax Burden Percent	64.33%	99.66%	76.21%	75.70%	75.18%	107.30%	77.40%	75.27%	74.76%	78.37%	77.19%
Interest Burden Percent	37.29%	125.09%	35.35%	40.92%	37.86%	157.11%	46.16%	51.34%	57.36%	56.02%	60.47%
Effective Tax Rate	35.67%	0.00%	23.79%	24.30%	24.82%	0.00%	22.60%	24.73%	25.24%	21.63%	22.81%
Return on Invested Capital (ROIC)	5.18%	-18.72%	6.17%	6.89%	7.04%	-11.17%	8.14%	8.41%	9.69%	17.67%	10.73%
ROIC Less NNEP Spread (ROIC-NNEP)	4.12%	-22.73%	4.84%	5.44%	5.48%	-15.13%	6.57%	6.84%	8.13%	16.05%	9.23%
Return on Net Nonoperating Assets (RNNOA)	9.49%	-63.54%	13.85%	15.25%	15.29%	-58.89%	25.19%	25.42%	28.72%	67.34%	36.88%
Return on Equity (ROE)	14.67%	-82.25%	20.01%	22.13%	22.33%	-70.06%	33.33%	33.83%	38.40%	85.02%	47.61%
Cash Return on Invested Capital (CROIC)	-12.07%	-3.74%	-0.41%	2.14%	-3.08%	-0.81%	-3.17%	-7.20%	-19.21%	-2.26%	2.22%
Operating Return on Assets (OROA)	7.48%	-23.50%	7.35%	8.09%	8.30%	-14.06%	9.45%	9.99%	11.52%	20.31%	12.41%
Return on Assets (ROA)	1.79%	-29.29%	1.98%	2.50%	2.36%	-23.71%	3.38%	3.86%	4.94%	8.92%	5.79%
Return on Common Equity (ROCE)	14.67%	-82.25%	20.01%	22.13%	22.33%	-70.06%	33.33%	33.83%	38.40%	85.02%	47.61%
Return on Equity Simple (ROE_SIMPLE)	-0.74%	0.00%	-21.16%	-19.84%	-17.62%	0.00%	-14.12%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	49	-152	64	77	80	-94	100	113	129	136	142
NOPAT Margin	14.87%	-61.47%	19.40%	21.70%	21.73%	-35.36%	25.49%	25.66%	28.12%	51.32%	29.87%
Net Nonoperating Expense Percent (NNEP)	1.06%	4.01%	1.32%	1.44%	1.57%	3.96%	1.57%	1.56%	1.55%	1.62%	1.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.57%	-	-	-	-2.12%	2.17%	2.33%	2.65%	2.73%	2.80%
Cost of Revenue to Revenue	29.10%	39.12%	31.73%	30.01%	29.29%	39.39%	26.97%	26.63%	25.44%	44.36%	24.09%
SG&A Expenses to Revenue	19.44%	26.73%	20.28%	19.03%	19.24%	33.81%	19.16%	17.71%	16.57%	30.43%	15.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.78%	148.69%	42.82%	41.33%	41.81%	111.13%	40.10%	39.28%	36.94%	-9.84%	37.21%
Earnings before Interest and Taxes (EBIT)	81	-217	86	104	108	-134	131	152	174	175	185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	92	-208	94	111	116	-125	138	159	181	182	192
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	1.28	1.13	1.00	1.07	1.47	0.99	1.01	1.01	1.24	1.45
Price to Tangible Book Value (P/TBV)	3.01	3.62	3.05	2.57	2.67	4.36	2.71	2.56	2.30	2.75	2.97
Price to Revenue (P/Rev)	0.81	0.98	0.82	0.74	0.81	0.86	0.59	0.62	0.62	0.78	0.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.72	5.07
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.19%	19.74%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.06	1.03	1.00	1.02	1.09	1.00	1.00	1.00	1.05	1.10
Enterprise Value to Revenue (EV/Rev)	2.97	3.56	3.25	3.13	3.20	3.50	3.23	3.23	3.02	3.24	3.19
Enterprise Value to EBITDA (EV/EBITDA)	14.65	68.73	57.07	47.09	39.12	23.42	18.34	16.26	13.33	7.66	7.44
Enterprise Value to EBIT (EV/EBIT)	17.39	201.44	118.45	78.27	54.87	28.05	21.14	18.28	14.60	8.01	7.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	376.15	203.14	136.90	85.01	41.81	31.06	26.63	0.00	10.56	10.19
Enterprise Value to Operating Cash Flow (EV/OCF)	23.78	28.46	25.37	23.68	26.11	29.49	29.35	37.79	29.52	33.01	27.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	46.39	0.00	0.00	0.00	0.00	0.00	0.00	51.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.60	3.54	3.53	3.50	3.39	4.79	4.63	4.43	4.13	4.10	3.90
Long-Term Debt to Equity	2.60	3.54	3.53	3.50	3.39	4.79	4.63	4.43	4.13	4.10	3.90
Financial Leverage	2.30	2.80	2.86	2.80	2.79	3.89	3.83	3.71	3.53	4.20	4.00
Leverage Ratio	3.80	4.32	4.38	4.36	4.34	5.53	5.45	5.31	5.12	5.81	5.62
Compound Leverage Factor	1.42	5.40	1.55	1.79	1.64	8.69	2.51	2.73	2.94	3.25	3.40
Debt to Total Capital	72.21%	77.99%	77.91%	77.76%	77.21%	82.72%	82.23%	81.57%	80.50%	80.38%	79.58%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	72.21%	77.99%	77.91%	77.76%	77.21%	82.72%	82.23%	81.57%	80.50%	80.38%	79.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	27.79%	22.01%	22.09%	22.24%	22.79%	17.28%	17.77%	18.43%	19.50%	19.62%	20.42%
Debt to EBITDA	11.15	52.38	45.02	38.80	31.41	18.68	15.74	13.73	11.11	6.06	5.65
Net Debt to EBITDA	10.63	49.88	42.71	35.99	29.22	17.67	14.96	13.13	10.62	5.82	5.33
Long-Term Debt to EBITDA	11.15	52.38	45.02	38.80	31.41	18.68	15.74	13.73	11.11	6.06	5.65
Debt to NOPAT	-69.27	286.67	160.26	112.81	68.24	33.35	26.67	22.48	-7.75	8.36	7.74
Net Debt to NOPAT	-66.05	272.99	152.02	104.63	63.49	31.53	25.35	21.50	-7.41	8.03	7.31
Long-Term Debt to NOPAT	-69.27	286.67	160.26	112.81	68.24	33.35	26.67	22.48	-7.75	8.36	7.74
Altman Z-Score	0.91	0.61	0.83	0.84	0.84	0.61	0.74	0.77	0.81	0.84	0.92
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.83	0.96	1.27	1.11	0.86	0.80	0.81	0.66	0.68	0.90
Quick Ratio	0.76	0.83	0.96	1.27	1.11	0.86	0.80	0.81	0.66	0.68	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-384	-314	26	137	-103	-238	-178	-382	-233	-445	-276
Operating Cash Flow to CapEx	737.92%	457.35%	743.10%	483.26%	740.76%	275.18%	647.83%	150.46%	1,355.62%	242.51%	1,695.35%
Free Cash Flow to Firm to Interest Expense	-7.59	-5.76	0.47	2.23	-1.54	-3.12	-2.52	-5.17	-3.15	-5.80	-3.78
Operating Cash Flow to Interest Expense	1.06	0.67	0.91	0.58	0.69	0.31	0.64	0.13	1.10	0.22	1.13
Operating Cash Flow Less CapEx to Interest Expense	0.92	0.53	0.79	0.46	0.59	0.20	0.54	0.04	1.02	0.13	1.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.27	0.28	0.28	0.28	0.28	0.28	0.29	0.30	0.31	0.32
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.35	11.22	12.32	12.79	13.42	14.27	14.81	15.62	16.82	19.18	20.63
Accounts Payable Turnover	1.98	2.02	2.18	2.01	2.01	2.00	2.05	2.11	1.85	1.98	1.92
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	184.06	180.92	167.74	181.59	181.81	182.74	178.01	172.63	197.79	184.72	190.10
Cash Conversion Cycle (CCC)	-184.06	-180.92	-167.74	-181.59	-181.81	-182.74	-178.01	-172.63	-197.79	-184.72	-190.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,168	4,096	4,145	4,193	4,351	4,240	4,423	4,689	4,714	4,821	4,841
Invested Capital Turnover	0.35	0.30	0.32	0.32	0.32	0.32	0.32	0.33	0.34	0.34	0.36
Increase / (Decrease) in Invested Capital	432	162	38	-60	183	144	278	496	363	581	418
Enterprise Value (EV)	4,091	4,354	4,264	4,193	4,423	4,605	4,416	4,696	4,722	5,057	5,307
Market Capitalization	1,122	1,194	1,073	988	1,120	1,132	812	904	961	1,212	1,501
Book Value per Share	$51.04	$39.80	$40.11	$41.72	$44.24	$32.39	$34.57	$38.37	$41.41	$43.79	$48.33
Tangible Book Value per Share	$15.87	$14.03	$14.78	$16.27	$17.73	$10.95	$12.65	$15.12	$18.13	$19.75	$23.60
Total Capital	4,313	4,255	4,318	4,443	4,599	4,440	4,610	4,861	4,887	4,978	5,068
Total Debt	3,114	3,318	3,364	3,455	3,551	3,673	3,791	3,965	3,934	4,001	4,033
Total Long-Term Debt	3,114	3,318	3,364	3,455	3,551	3,673	3,791	3,965	3,934	4,001	4,033
Net Debt	2,969	3,160	3,191	3,205	3,303	3,473	3,604	3,793	3,761	3,845	3,806
Capital Expenditures (CapEx)	7.26	8.04	6.86	7.39	6.20	8.56	6.99	6.33	6.02	6.93	4.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-191	-190	-180	-198	-223	-234	-234	-215	-260	-230	-252
Debt-free Net Working Capital (DFNWC)	-46	-32	-7.22	53	25	-34	-47	-42	-87	-73	-25
Net Working Capital (NWC)	-46	-32	-7.22	53	25	-34	-47	-42	-87	-73	-25
Net Nonoperating Expense (NNE)	29	119	40	45	49	131	53	55	55	59	56
Net Nonoperating Obligations (NNO)	2,969	3,160	3,191	3,205	3,303	3,473	3,604	3,793	3,761	3,845	3,806
Total Depreciation and Amortization (D&A)	11	8.97	7.85	7.46	8.16	8.97	7.34	7.31	7.17	6.94	6.86
Debt-free, Cash-free Net Working Capital to Revenue	-13.85%	-15.53%	-13.74%	-14.74%	-16.14%	-17.74%	-17.10%	-14.75%	-16.65%	-14.76%	-15.16%
Debt-free Net Working Capital to Revenue	-3.34%	-2.58%	-0.55%	3.96%	1.78%	-2.56%	-3.43%	-2.87%	-5.60%	-4.71%	-1.51%
Net Working Capital to Revenue	-3.34%	-2.58%	-0.55%	3.96%	1.78%	-2.56%	-3.43%	-2.87%	-5.60%	-4.71%	-1.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	($11.44)	$0.98	$1.35	$1.28	($9.44)	$1.96	$2.50	$3.22	$3.37	$3.97
Adjusted Weighted Average Basic Shares Outstanding	23.71M	23.67M	23.78M	23.88M	23.91M	23.87M	23.88M	23.51M	23.22M	23.23M	21.73M
Adjusted Diluted Earnings per Share	$0.79	($11.34)	$0.95	$1.34	$1.26	($9.38)	$1.93	$2.49	$3.17	$3.32	$3.86
Adjusted Weighted Average Diluted Shares Outstanding	24.38M	23.67M	24.47M	24.10M	24.41M	23.87M	24.27M	23.58M	23.52M	23.53M	22.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.53M	23.55M	23.69M	23.69M	23.69M	23.69M	23.35M	23.01M	22.30M	21.41M	21.44M
Normalized Net Operating Profit after Tax (NOPAT)	49	-152	64	77	80	-94	100	113	129	136	142
Normalized NOPAT Margin	14.87%	-61.47%	19.40%	21.70%	21.73%	-35.36%	25.49%	25.66%	28.12%	51.32%	29.87%
Pre Tax Income Margin	9.20%	-109.85%	9.29%	11.97%	11.10%	-79.05%	15.39%	17.65%	21.69%	36.94%	23.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.59	-3.99	1.55	1.69	1.61	-1.75	1.86	2.06	2.35	2.27	2.53
NOPAT to Interest Expense	0.96	-2.79	1.14	1.26	1.19	-1.23	1.42	1.53	1.74	1.77	1.94
EBIT Less CapEx to Interest Expense	1.45	-4.13	1.42	1.57	1.52	-1.86	1.76	1.97	2.26	2.18	2.46
NOPAT Less CapEx to Interest Expense	0.82	-2.94	1.02	1.14	1.10	-1.34	1.32	1.45	1.66	1.68	1.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.65%	-28.28%	-78.28%	35.20%	33.92%

Financials Breakdown Chart

Key Financial Trends

Encore Capital Group (NASDAQ:ECPG) has shown a notable shift toward higher profitability in 2025 after a weaker stretch in 2023–2024. The company posted solid quarterly earnings growth, sustained operating cash flow, and improving profitability metrics in several 2025 quarters, even as the balance sheet carries a sizable debt load. Below are the key trends pulled from the last four years of quarterly results, focused on what could matter most to retail investors.

Earnings per share improved meaningfully through 2025: Basic EPS rose from 1.96 in Q1 2025 to 3.37 in Q4 2025, while Diluted EPS progressed from 1.93 to 3.32 over the same period, reflecting a strong improvement in profitability.
2025 revenue momentum vs. 2024: Q3 2025 revenue was 460.353m and Q2 2025 was 442.122m, substantially higher than 2024 levels (Q3 2024 354.396m, Q2 2024 355.285m). This indicates a rebound in top-line strength in 2025.
Operating cash flow remained positive across 2025, signaling ongoing cash generation from core operations: quarterly net cash from continuing operating activities ranged from about 9.5m (Q2 2025) to 81.6m (Q3 2025), with Q4 2025 at roughly 16.8m.
Healthy gross margins in several 2025 quarters: The company posted very strong gross margins in Q2 and Q3 2025 (gross profit relative to revenue typically in the 70% range in those quarters), indicating favorable core profitability and pricing/mix dynamics.

Debt remains the dominant balance-sheet feature: Long-term debt typically sits around $3.9 billion to $4.0 billion in recent periods, and interest expense runs roughly in the $74–76 million per quarter range, constraining net income.
Investing activity shows substantial cash outlays: The company consistently invests in debt portfolios and related assets (e.g., large purchases of investments in multiple quarters), which reduces near-term cash despite positive operating cash flow.
Earnings volatility can be influenced by noncash items and swings in Other Income / (Expense): quarterly results have been affected by sizable noncash adjustments and Net Other Income swings, contributing to quarterly earnings variability.

Historical revenue volatility and a notable 2023–2024 trough: 2022 displayed much higher quarterly revenue compared with 2023–2024, raising questions about the durability of the 2025 rebound over the longer term.
Significant impairment risk due to goodwill/intangibles: balance sheets show substantial goodwill and noncurrent intangible assets, which could face impairment if operating performance deteriorates or macro conditions worsen.

Overall takeaway for retail investors: 2025 has brought improved profitability and positive operating cash flow for Encore Capital Group, with revenue momentum recovering vs. 2024. However, the firm carries a large debt load and sizable noncurrent assets that introduce balance-sheet risks and potential impairment exposure. The investment-heavy cash outflows and periodic quarterly earnings volatility are also important factors to monitor in upcoming quarters.

05/14/26 04:07 PM ETAI Generated. May Contain Errors.

Encore Capital Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Encore Capital Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Encore Capital Group's net income appears to be on a downward trend, with a most recent value of $256.83 million in 2025, rising from $73.74 million in 2013. The previous period was -$139.24 million in 2024. Check out Encore Capital Group's forecast to explore projected trends and price targets.

Encore Capital Group's total operating income in 2025 was $626.65 million, based on the following breakdown:

Total Gross Profit: $1.10 billion
Total Operating Expenses: $475.15 million

Over the last 10 years, Encore Capital Group's total revenue changed from $757.46 million in 2013 to $1.56 billion in 2025, a change of 106.0%.

Encore Capital Group's total liabilities were at $4.36 billion at the end of 2025, a 8.5% increase from 2024, and a 41.4% increase since 2014.

In the past 10 years, Encore Capital Group's cash and equivalents has ranged from $123.99 million in 2015 to $212.14 million in 2017, and is currently $156.78 million as of their latest financial filing in 2025.

Over the last 10 years, Encore Capital Group's book value per share changed from 23.60 in 2015 to 43.79 in 2025, a change of 85.6%.

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Financial statements for NASDAQ:ECPG last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Encore Capital Group (ECPG) Financials

Financials Breakdown Chart

Key Financial Trends

Encore Capital Group Financials - Frequently Asked Questions

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Encore Capital Group (ECPG) Financials

Annual Income Statements for Encore Capital Group

Quarterly Income Statements for Encore Capital Group

Annual Cash Flow Statements for Encore Capital Group

Quarterly Cash Flow Statements for Encore Capital Group

Annual Balance Sheets for Encore Capital Group

Quarterly Balance Sheets for Encore Capital Group

Annual Metrics And Ratios for Encore Capital Group

Quarterly Metrics And Ratios for Encore Capital Group

Financials Breakdown Chart

Key Financial Trends

Encore Capital Group Financials - Frequently Asked Questions

When does Encore Capital Group's financial year end?

How has Encore Capital Group's net income changed over the last 10 years?

What is Encore Capital Group's operating income?

How has Encore Capital Group's revenue changed over the last 10 years?

How much debt does Encore Capital Group have?

How much cash does Encore Capital Group have?

How has Encore Capital Group's book value per share changed over the last 10 years?

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