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Encore Capital (ECPG)

Market Price (4/10/2026): $76.41 | Market Cap: $1.7 Bil
Sector: Financials | Industry: Consumer Finance

Encore Capital (ECPG)

Market Price (4/10/2026): $76.41
Market Cap: $1.7 Bil
Sector: Financials
Industry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 7.4%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%

Low stock price volatility
Vol 12M is 47%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets, and Fintech & Digital Payments. Themes include Private Credit, and Consumer Debt Management.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -14%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 225%

Stock price has recently run up significantly
12M Rtn12 month market price return is 141%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 55%

Key risks
ECPG key risks include [1] a history of significant regulatory actions and financial penalties from bodies like the CFPB and [2] persistent operational challenges and impairments requiring restructuring in its European markets.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 7.4%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%
2 Low stock price volatility
Vol 12M is 47%
3 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets, and Fintech & Digital Payments. Themes include Private Credit, and Consumer Debt Management.
4 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5 Weak multi-year price returns
3Y Excs Rtn is -14%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 225%
7 Stock price has recently run up significantly
12M Rtn12 month market price return is 141%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 55%
9 Key risks
ECPG key risks include [1] a history of significant regulatory actions and financial penalties from bodies like the CFPB and [2] persistent operational challenges and impairments requiring restructuring in its European markets.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Encore Capital (ECPG) stock has gained about 40% since 12/31/2025 because of the following key factors:

1. Encore Capital Group reported robust financial results for the fourth quarter of 2025, significantly surpassing analyst expectations. The company announced earnings per share (EPS) of $3.48, which notably exceeded the consensus estimate of $1.75 per share. Additionally, revenue reached $474 million, marking a substantial 78.3% increase compared to the same period in the prior year. This strong performance highlighted the company's operational strength and contributed to positive investor sentiment.

2. Following the impressive Q4 2025 earnings, several financial analysts upgraded their ratings and raised price targets for Encore Capital Group's stock. For instance, Citizens JMP increased its price objective from $75.00 to $90.00, while Truist Financial raised its target from $59.00 to $80.00. Zacks Research also upgraded the stock from a "hold" to a "strong-buy" rating. The consensus among six Wall Street analysts resulted in a "Buy" rating for ECPG, with a median price target of $80.00, suggesting continued upward potential.

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Stock Movement Drivers

Fundamental Drivers

The 40.5% change in ECPG stock from 12/31/2025 to 4/9/2026 was primarily driven by a 19.2% change in the company's P/S Multiple.
(LTM values as of)123120254092026Change
Stock Price ($)54.3576.3640.5%
Change Contribution By: 
Total Revenues ($ Mil)1,5611,76913.3%
P/S Multiple0.81.019.2%
Shares Outstanding (Mil)23224.0%
Cumulative Contribution40.5%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/9/2026
ReturnCorrelation
ECPG40.5% 
Market (SPY)-5.4%23.2%
Sector (XLF)-6.3%41.1%

Fundamental Drivers

The 82.9% change in ECPG stock from 9/30/2025 to 4/9/2026 was primarily driven by a 44.2% change in the company's P/S Multiple.
(LTM values as of)93020254092026Change
Stock Price ($)41.7476.3682.9%
Change Contribution By: 
Total Revenues ($ Mil)1,4681,76920.5%
P/S Multiple0.71.044.2%
Shares Outstanding (Mil)24225.3%
Cumulative Contribution82.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/9/2026
ReturnCorrelation
ECPG82.9% 
Market (SPY)-2.9%27.9%
Sector (XLF)-4.4%37.2%

Fundamental Drivers

The 122.8% change in ECPG stock from 3/31/2025 to 4/9/2026 was primarily driven by a 54.8% change in the company's P/S Multiple.
(LTM values as of)33120254092026Change
Stock Price ($)34.2876.36122.8%
Change Contribution By: 
Total Revenues ($ Mil)1,3161,76934.4%
P/S Multiple0.61.054.8%
Shares Outstanding (Mil)24227.1%
Cumulative Contribution122.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/9/2026
ReturnCorrelation
ECPG122.8% 
Market (SPY)16.3%51.5%
Sector (XLF)4.1%49.3%

Fundamental Drivers

The 51.4% change in ECPG stock from 3/31/2023 to 4/9/2026 was primarily driven by a 26.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120234092026Change
Stock Price ($)50.4576.3651.4%
Change Contribution By: 
Total Revenues ($ Mil)1,3981,76926.5%
Net Income Margin (%)13.9%14.5%4.4%
P/E Multiple6.16.68.8%
Shares Outstanding (Mil)24225.4%
Cumulative Contribution51.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/9/2026
ReturnCorrelation
ECPG51.4% 
Market (SPY)63.3%45.7%
Sector (XLF)66.7%45.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ECPG Return59%-23%6%-6%14%38%92%
Peers Return35%-35%37%41%30%-16%87%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
ECPG Win Rate75%42%58%25%58%100% 
Peers Win Rate62%38%52%60%65%35% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ECPG Max Drawdown-24%-27%-22%-21%-43%-1% 
Peers Max Drawdown-6%-41%-19%-16%-29%-31% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PRAA, AXP, COF, SYF, SOFI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/9/2026 (YTD)

How Low Can It Go

Unique KeyEventECPGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-48.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven93.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven854 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-58.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven137.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven136 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-55.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven126.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven900 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven383.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven168 days1,480 days

Compare to PRAA, AXP, COF, SYF, SOFI

In The Past

Encore Capital's stock fell -48.3% during the 2022 Inflation Shock from a high on 7/29/2022. A -48.3% loss requires a 93.5% gain to breakeven.

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About Encore Capital (ECPG)

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 discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery. It is also involved in the provision of early stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and other portfolio management services to credit originator for non-performing loans. The company was incorporated in 1999 and is headquartered in San Diego, California.

AI Analysis | Feedback

  • Like an Ollie's Bargain Outlet, but instead of physical goods, they buy portfolios of defaulted consumer debt at deep discounts and then work to recover value.
  • Imagine a Capital One or other major credit card issuer, but instead of issuing new credit, Encore Capital specializes in buying and recovering value from the loans that have already gone bad and been written off by those original lenders.

AI Analysis | Feedback

  • Debt Portfolio Purchase & Management: Acquires portfolios of defaulted consumer receivables at a discount and manages the recovery process from individuals.
  • Collection Services: Provides various collection services including early-stage and contingent collections for clients.
  • Business Process Outsourcing (BPO) for Collections: Offers outsourced services related to debt collection and portfolio management to credit originators.

AI Analysis | Feedback

Encore Capital (ECPG) primarily serves individuals who owe defaulted consumer debt. While the company also provides services to credit originators, its core business and the significant portion of its revenue generation involve working directly with consumers to repay obligations on portfolios of defaulted debt that Encore Capital has purchased.

The categories of customers (individuals) that Encore Capital serves include:

  1. Consumers with defaulted credit card debt: These are individuals who have outstanding, unpaid balances on credit card accounts.
  2. Consumers with defaulted personal loans, auto loans, and other consumer finance products: This category includes individuals who have failed to make payments on various types of personal financing.
  3. Consumers with defaulted telecommunications, utility, and other similar service-related debts: These are individuals with overdue bills from service providers such as phone companies, internet providers, or utility companies.

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Ashish Masih President and Chief Executive Officer
Ashish Masih joined Encore Capital Group in 2009 and was appointed President and CEO in June 2017. He previously served as President of Midland Credit Management (MCM), Encore's largest business unit, and held other roles in operations and corporate development at Encore. Prior to joining Encore, Mr. Masih was Vice President at Capital One Financial Corp., where he held senior roles in its U.S. credit card business. Before Capital One, he worked at McKinsey & Company and KPMG Consulting. Mr. Masih also oversaw Encore's Asset Reconstruction Company in India, a joint venture with the International Finance Corporation (IFC) and a private equity firm. Tomas C. Hernanz Executive Vice President, Chief Financial Officer and Treasurer
Tomas C. Hernanz was appointed Executive Vice President, Chief Financial Officer, and Treasurer of Encore Capital Group, effective April 1, 2025. Before this role, he served as CFO of Cabot Credit Management, Encore's European business unit, since October 2022. Mr. Hernanz has held various senior strategy and financial roles with Encore since joining the organization in 2016. Prior to his time at Encore, he was a partner at Ondra Partners, a financial advisory firm, and held positions at Goldman Sachs and Citigroup. Ryan Bell President, Midland Credit Management
Ryan Bell has been the President of Midland Credit Management (MCM), Encore's U.S. debt purchasing line of business, since January 2020. He joined Encore in 2011 as a Vice President. Before joining Encore, Mr. Bell spent 11 years in marketing and analysis at Capital One Financial Corp., primarily in the auto finance line of business, where his experience included marketing strategy, credit policy, new product development, business development, and operations strategy. He previously led Encore's decision science group, responsible for asset valuation, predictive model development, and financial forecasting, and as Senior Vice President of Operations, he led Encore's internal legal, legal outsourcing, and bankruptcy operations. John Yung President, International and Cabot Credit Management
John Yung serves as President, International and Cabot Credit Management for Encore Capital Group. He is responsible for Encore's international operations and the Cabot Credit Management subsidiary. Andrew Asch Senior Vice President, General Counsel & Government Affairs
Andrew Asch is the Senior Vice President, General Counsel & Government Affairs at Encore Capital Group. He is responsible for the company's legal, government affairs, and corporate secretary functions.

AI Analysis | Feedback

Here are the key risks to Encore Capital Group (ECPG) in order from most significant to least significant:

  1. High Debt Levels and Sensitivity to Interest Rates: Encore Capital Group carries significant indebtedness, with total long-term outstanding debt reported to be approximately $3.7 billion to $3.97 billion. Portions of this debt bear variable interest rates. Consequently, increases in interest rates directly lead to higher interest expenses, which can adversely affect the company's financial results and operating income. Furthermore, elevated interest rates increase the cost of capital for acquiring new portfolios of defaulted consumer receivables, thereby compressing the expected returns on these investments and impacting profitability.
  2. Macroeconomic Conditions and Consumer Repayment Ability: The profitability of Encore Capital Group's business is highly dependent on overall financial and economic conditions. Adverse economic factors, such as high unemployment, significant inflation, reduced credit availability, or general financial disruptions, can place considerable financial pressure on consumers. This directly reduces consumers' ability to repay their obligations, which, in turn, negatively impacts the company's collections, the value of its consumer receivable portfolios, and its cash flow.
  3. Legal and Regulatory Challenges: The debt recovery industry is subject to extensive and evolving legal and regulatory oversight. Changes in regulations or new rules from consumer protection bodies, such as the Consumer Financial Protection Bureau (CFPB), can restrict collection methods, increase operational costs, and reduce the value of certain types of debt. Non-compliance with these complex laws can expose Encore Capital Group to significant legal liabilities, including lawsuits, regulatory penalties, and reputational damage. Additionally, managing large volumes of sensitive consumer data exposes the company to cybersecurity risks, where breaches could lead to legal and financial repercussions.

AI Analysis | Feedback

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AI Analysis | Feedback

Encore Capital Group, Inc. (ECPG) operates within several key addressable markets related to debt recovery and portfolio management.

Debt Recovery Solutions (Purchasing Defaulted Consumer Receivables, Early Stage Collection, Contingent Collection Services)

  • Globally, the Debt Collection Services market is estimated at approximately USD 30.52 billion in 2025, with projections indicating growth to USD 38.67 billion by 2033. Other estimates for the global debt collection agencies market also show it growing from USD 30.19 billion in 2025 to USD 31.2 billion in 2026. Another report projects the global debt collection agencies market size to reach around USD 41.7 billion by 2033, up from USD 31.3 billion in 2023.
  • In the U.S., the Debt Collection Agencies market size is valued at $13.6 billion in 2025. North America, largely driven by the U.S., accounted for approximately USD 12.5 billion in revenue in 2023 within the debt collection agencies market.
  • Specifically, the global Debt Purchase Service market, which involves acquiring portfolios of defaulted debt, is projected to reach $8.35 billion by 2025.

Debt Servicing and Other Portfolio Management Services for Non-Performing Loans (NPLs)

  • The global Non-Performing Loan (NPL) Management market was sized at USD 109.45 billion in 2024. This market is projected for significant growth, expected to increase to approximately USD 2.17 trillion by 2031, at a compound annual growth rate (CAGR) of 53.20% from 2024 to 2031.
  • In North America, the NPL Management market held a significant share, with a market size of USD 43.78 billion in 2024.

Business Process Outsourcing (BPO)

Encore Capital's early stage collection and contingent collection services, as well as some debt servicing, fall within the broader Business Process Outsourcing market.

  • The global Business Process Outsourcing market was valued at USD 347.95 billion in 2025 and is anticipated to reach approximately USD 906.27 billion by 2035. Another estimate places the global market at USD 328.37 billion in 2025, projected to reach USD 695.77 billion by 2033.
  • The U.S. Business Process Outsourcing market is substantial, with North America (dominated by the U.S.) holding 37.4% of the global market revenue share in 2025. U.S. companies are projected to spend approximately $50 billion on outsourcing services in the next 12 months.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Encore Capital (ECPG)

  • Sustained Favorable U.S. Purchasing Environment and Strategic Capital Allocation: Encore Capital anticipates continued strong revenue growth driven by a highly favorable purchasing environment in the U.S. market. This is characterized by elevated supply of non-performing loans and advantageous credit conditions, which are fueling the expansion of Encore's debt portfolios. The company has strategically increased its capital allocation to the U.S., with 80% of its global portfolio purchases in Q1 2024 concentrated in this market due to higher return opportunities. Management expects global portfolio purchases to be between $1.4 billion and $1.5 billion in 2026.
  • Operational Innovation and Enhanced Digital Capabilities: The deployment of new technologies, enhanced digital capabilities, and continuous operational innovation are key drivers for improved collections performance. These advancements enable Encore to reach more consumers and facilitate increased payments, particularly impacting the early stages of the portfolio life cycle and leading to overperformance of recent vintages.
  • Growth in Global Collections and Stable Consumer Payment Behavior: Encore Capital projects an increase in global collections, with an expectation to reach $2.7 billion in 2026, representing a 5% increase. This growth is supported by strong portfolio purchases in recent quarters, focused execution, operational improvements, and a stable consumer payment environment in its key markets, returning to pre-pandemic normalcy.

AI Analysis | Feedback

Share Repurchases

  • Encore Capital Group repurchased approximately $89.5 million of its shares outstanding in 2025, representing about 9% of total shares.
  • In Q3 2025, the company repurchased $10 million of shares, with an additional $25 million in Q4 2025 (as of November 5, 2025), totaling approximately $60 million year-to-date.
  • The board authorized an additional $300 million under the share repurchase program in Q3 2025.

Outbound Investments

  • Global portfolio purchases, which are investments in defaulted consumer receivables, increased 4% to $1.41 billion in 2025, including $1.17 billion allocated to the U.S.
  • The company anticipates global portfolio purchases for 2026 to be in the range of $1.4 billion to $1.5 billion.
  • In Q3 2025, global portfolio purchases were $346 million, with 75% of deployed capital directed towards the U.S. market.

Capital Expenditures

  • Encore Capital Group's capital expenditures were -$26.27 million in 2025.
  • Capital expenditures were -$29.01 million in 2024 and -$24.81 million in 2023.
  • The company has focused on the deployment of new technologies and enhanced digital capabilities to improve collections performance, implying capital allocation to these areas.

Better Bets vs. Encore Capital (ECPG)

Latest Trefis Analyses

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HBAN_3312026_Insider_Buying_45D_2Buy_200K03312026HBANHuntington BancsharesInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K03312026NPNeptune InsuranceInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.1%3.1%0.0%
MKTX_3202026_Dip_Buyer_FCFYield03202026MKTXMarketAxessDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-5.2%-5.2%-5.7%
RYAN_3202026_Insider_Buying_GTE_1Mil_EBITp+DE_V203202026RYANRyan SpecialtyInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		-2.7%-2.7%-8.5%
ECPG_12312022_Short_Squeeze12312022ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		1.4%5.9%-21.9%
ECPG_6302022_Short_Squeeze06302022ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-17.6%-15.8%-25.4%
ECPG_4302021_Short_Squeeze04302021ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		37.3%46.9%0.0%
ECPG_7312020_Short_Squeeze07312020ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-18.7%29.6%-18.7%
ECPG_1312020_Short_Squeeze01312020ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		7.6%-12.5%-50.4%
ECPG_7312019_Short_Squeeze07312019ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-2.6%-0.8%-53.2%
ECPG_12312017_Short_Squeeze12312017ECPGEncore CapitalSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-13.1%-44.2%-48.6%

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Peer Comparisons

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Financials

ECPGPRAAAXPCOFSYFSOFIMedian
NameEncore C.PRA American.Capital .Synchron.SoFi Tec. 
Mkt Price76.3619.20317.77194.7372.4916.2774.42
Mkt Cap1.70.7218.9123.125.619.922.7
Rev LTM1,7691,21372,23053,43414,9813,6139,297
Op Inc LTM627244----435
FCF LTM127-9016,00326,1409,851-3,9944,989
FCF 3Y Avg118-9615,04620,9039,431-4,2084,775
CFO LTM153-8618,42827,7189,851-3,7425,002
CFO 3Y Avg154-9317,01222,1519,431-4,0304,792

Growth & Margins

ECPGPRAAAXPCOFSYFSOFIMedian
NameEncore C.PRA American.Capital .Synchron.SoFi Tec. 
Rev Chg LTM34.4%8.0%9.5%36.5%-0.5%38.3%21.9%
Rev Chg 3Y Avg9.8%10.3%11.0%16.8%8.9%32.1%10.7%
Rev Chg Q78.3%13.7%10.5%51.1%-0.2%39.6%26.7%
QoQ Delta Rev Chg LTM13.3%3.5%2.6%10.8%-0.1%8.8%6.1%
Op Mgn LTM35.4%20.1%----27.8%
Op Mgn 3Y Avg26.3%9.5%----17.9%
QoQ Delta Op Mgn LTM7.4%2.3%----4.8%
CFO/Rev LTM8.7%-7.1%25.5%51.9%65.8%-103.6%17.1%
CFO/Rev 3Y Avg11.0%-9.2%25.8%51.4%64.7%-163.1%18.4%
FCF/Rev LTM7.2%-7.4%22.2%48.9%65.8%-110.5%14.7%
FCF/Rev 3Y Avg8.4%-9.6%22.9%48.5%64.7%-169.4%15.6%

Valuation

ECPGPRAAAXPCOFSYFSOFIMedian
NameEncore C.PRA American.Capital .Synchron.SoFi Tec. 
Mkt Cap1.70.7218.9123.125.619.922.7
P/S1.00.63.02.31.75.52.0
P/EBIT2.8-5.4-----1.3
P/E6.6-2.420.250.27.241.413.7
P/CFO11.1-8.711.94.42.6-5.33.5
Total Yield15.1%-41.0%4.9%3.2%15.6%2.4%4.1%
Dividend Yield0.0%0.0%0.0%1.2%1.7%0.0%0.0%
FCF Yield 3Y Avg10.0%-11.6%8.2%27.0%42.3%-32.3%9.1%
D/E2.35.00.30.40.60.10.5
Net D/E2.34.80.0-0.1-0.1-0.3-0.0

Returns

ECPGPRAAAXPCOFSYFSOFIMedian
NameEncore C.PRA American.Capital .Synchron.SoFi Tec. 
1M Rtn12.6%4.8%5.2%5.3%10.7%-11.0%5.2%
3M Rtn35.6%12.2%-16.8%-23.5%-17.0%-41.3%-16.9%
6M Rtn77.3%39.8%-1.3%-6.9%3.0%-42.8%0.8%
12M Rtn141.0%6.4%22.4%12.8%46.2%42.8%32.6%
3Y Rtn49.8%-50.3%104.3%115.2%169.3%175.3%109.7%
1M Excs Rtn12.0%4.2%4.5%4.7%10.1%-11.7%4.6%
3M Excs Rtn36.1%15.1%-14.3%-21.4%-15.4%-38.3%-14.8%
6M Excs Rtn82.9%36.7%-4.0%-9.8%1.4%-43.8%-1.3%
12M Excs Rtn122.7%-27.8%2.2%-7.2%29.9%30.2%16.1%
3Y Excs Rtn-14.1%-116.2%36.3%47.2%98.6%104.4%41.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Debt purchasing and recovery segment1,3161,223   
Corporate and other unallocated00   
Changes in recoveries  93199 
Other revenues  874
Revenue from receivable portfolios  1,2021,2881,375
Servicing revenue  95121115
Changes in expected current and future recoveries    7
Total1,3161,2231,3981,6141,501


Operating Income by Segment
$ Mil20252024202320222021
Debt purchasing and recovery segment21575   
Operating expenses-58    
Total15775   


Price Behavior

Price Behavior
Market Price$76.36 
Market Cap ($ Bil)1.7 
First Trading Date07/09/1999 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$64.78$50.47
DMA Trendupup
Distance from DMA17.9%51.3%
 3M1YR
Volatility32.8%43.6%
Downside Capture-0.310.21
Upside Capture133.87135.94
Correlation (SPY)22.0%48.0%
ECPG Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.560.610.620.811.321.27
Up Beta-3.03-0.020.521.711.581.49
Down Beta0.500.900.750.991.261.28
Up Capture168%185%146%132%176%126%
Bmk +ve Days7162765139424
Stock +ve Days9213269130371
Down Capture39%-36%-13%-9%83%104%
Bmk -ve Days12233358110323
Stock -ve Days13213155118373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with ECPG
ECPG163.1%47.3%2.19-
Sector ETF (XLF)17.7%17.2%0.7846.5%
Equity (SPY)29.1%17.4%1.3648.7%
Gold (GLD)61.3%27.8%1.72-6.5%
Commodities (DBC)26.9%16.7%1.4118.1%
Real Estate (VNQ)17.7%15.4%0.8639.1%
Bitcoin (BTCUSD)-10.9%43.9%-0.1428.2%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with ECPG
ECPG14.0%37.8%0.44-
Sector ETF (XLF)10.1%18.7%0.4239.1%
Equity (SPY)11.4%17.0%0.5237.5%
Gold (GLD)22.2%17.8%1.021.7%
Commodities (DBC)11.5%18.8%0.508.6%
Real Estate (VNQ)3.7%18.8%0.1035.1%
Bitcoin (BTCUSD)3.6%56.5%0.2915.0%

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Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with ECPG
ECPG11.7%48.9%0.41-
Sector ETF (XLF)12.9%22.2%0.5442.3%
Equity (SPY)13.9%17.9%0.6736.2%
Gold (GLD)14.1%15.9%0.741.6%
Commodities (DBC)8.5%17.6%0.4014.1%
Real Estate (VNQ)5.1%20.7%0.2132.4%
Bitcoin (BTCUSD)67.1%66.9%1.068.5%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 22820262.2%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity22.3 Mil
Short % of Basic Shares4.7%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/25/20268.1%24.6%19.5%
11/5/202510.5%13.5%25.8%
8/6/20255.4%11.4%18.8%
5/7/202523.8%24.3%16.7%
2/26/2025-21.9%-30.9%-28.3%
11/6/20240.1%-1.7%-1.1%
8/7/202411.4%7.3%5.2%
5/8/202411.2%8.0%-0.9%
...
SUMMARY STATS   
# Positive141315
# Negative10119
Median Positive8.6%11.4%16.7%
Median Negative-6.3%-6.2%-11.1%
Max Positive23.8%24.6%25.8%
Max Negative-21.9%-30.9%-28.3%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/21/202410-K
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202305/03/202310-Q
12/31/202202/22/202310-K
09/30/202211/02/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Global Portfolio Purchases1.40 Bil1.45 Bil1.50 Bil7.4% Higher NewActual: 1.35 Bil for 2025
2026 Global Collections 2.70 Bil 5.9% Higher NewActual: 2.55 Bil for 2025
2026 EPS 12    
2026 EPS Growth 10.0%    

Prior: Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Collections 2.55 Bil 2.0% RaisedGuidance: 2.50 Bil for 2025
2025 Collections Growth 18.0% 16.1%2.5%RaisedGuidance: 15.5% for 2025
2025 Portfolio Purchases 1.35 Bil 0 AffirmedGuidance: 1.35 Bil for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Bell, Ryan BPresident, MCMDirectSell1211202555.002,500137,5003,047,550Form
2Olle, Laura DirectSell1204202552.791,42375,1201,848,917Form
3Yung, JohnPresident, Intl. and CabotDirectSell1126202552.001,00052,0002,943,668Form
4Bell, Ryan BPresident, MCMDirectSell1110202550.005,000250,0002,895,500Form
5Yung, JohnPresident, Intl. and CabotDirectSell1110202550.005,000250,0002,880,450Form

Industry Resources

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