Encore Capital Group Inc
NASDAQ: ECPG · FINANCIAL SERVICES · CREDIT SERVICES
Updated 2026-06-05
Encore Capital Group Inc (ECPG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.14M | $254.01M | $255.89M | $316.42M | $364.29M | $448.75M | $556.78M | $773.36M | $1.04B | $1.13B | $1.03B | $1.19B | $1.36B | $1.40B | $1.50B | $1.61B | $1.40B | $1.22B | $1.32B | $1.76B |
| Revenue growth (YoY) | — | -0.4% | +0.7% | +23.7% | +15.1% | +23.2% | +24.1% | +38.9% | +34.9% | +8.3% | -8.9% | +15.3% | +14.7% | +2.6% | +7.4% | +7.5% | -13.4% | -12.6% | +7.7% | +33.9% |
| Cost of revenue | $52.08M | $100.17M | $119.84M | $84.04M | $205.55M | $249.02M | $285.12M | $385.10M | $477.95M | $529.99M | $518.09M | $559.50M | $622.22M | $642.90M | $667.00M | $686.51M | $628.65M | $651.44M | $712.80M | $546.73M |
| Gross profit | $203.06M | $153.84M | $255.89M | $316.42M | $158.75M | $199.73M | $271.66M | $388.27M | $565.48M | $599.98M | $511.17M | $627.53M | $739.81M | $754.78M | $834.40M | $927.98M | $769.70M | $571.24M | $603.56M | $1.22B |
| Gross margin | 79.6% | 60.6% | 100.0% | 100.0% | 43.6% | 44.5% | 48.8% | 50.2% | 54.2% | 53.1% | 49.7% | 52.9% | 54.3% | 54.0% | 55.6% | 57.5% | 55.0% | 46.7% | 45.9% | 69.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $17.31M | $17.48M | $177.32M | $201.90M | $29.80M | $39.76M | $61.80M | $109.71M | $139.98M | $191.36M | $134.05M | $158.08M | $158.35M | $148.26M | $149.11M | $137.69M | $145.80M | $144.86M | $163.85M | $165.95M |
| Operating income | $71.61M | $52.16M | $38.99M | $66.64M | $94.34M | $120.18M | $155.08M | $198.36M | $308.47M | $282.25M | $241.51M | $324.54M | $405.30M | $446.35M | $533.56M | $633.27M | $462.17M | $16.54M | $157.33M | $623.56M |
| Operating margin | 28.1% | 20.5% | 15.2% | 21.1% | 25.9% | 26.8% | 27.9% | 25.6% | 29.6% | 25.0% | 23.5% | 27.3% | 29.8% | 31.9% | 35.5% | 39.2% | 33.1% | 1.4% | 12.0% | 35.4% |
| EBITDA | $76.84M | $56.73M | $46.93M | $72.50M | $96.24M | $122.61M | $159.44M | $203.16M | $326.64M | $305.86M | $277.99M | $375.36M | $435.07M | $460.04M | $535.03M | $656.27M | $510.72M | $63.35M | $174.00M | $652.54M |
| EBITDA margin | 30.1% | 22.3% | 18.3% | 22.9% | 26.4% | 27.3% | 28.6% | 26.3% | 31.3% | 27.1% | 27.0% | 31.6% | 31.9% | 32.9% | 35.6% | 40.6% | 36.5% | 5.2% | 13.2% | 37.0% |
| EBIT | $71.61M | $52.16M | $44.12M | $69.90M | $93.04M | $117.95M | $153.60M | $189.62M | $299.54M | $272.70M | $243.12M | $335.39M | $393.84M | $419.01M | $492.25M | $606.19M | $464.30M | $21.61M | $141.57M | $623.78M |
| Interest expense | $31.03M | $13.90M | $20.57M | $16.16M | $17.68M | $19.28M | $23.27M | $68.75M | $157.89M | $174.76M | $185.75M | $204.16M | $237.35M | $217.77M | $209.36M | $169.65M | $153.31M | $201.88M | $252.54M | $287.63M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $24.01M | $15.04M | $13.85M | $33.05M | $49.05M | $60.96M | $69.48M | $75.30M | $103.73M | $45.13M | $76.57M | $83.23M | $115.89M | $167.87M | $211.85M | $350.78M | $194.56M | $-206.49M | $-139.24M | $256.83M |
| Net income growth (YoY) | — | -37.3% | -8.0% | +138.7% | +48.4% | +24.3% | +14.0% | +8.4% | +37.8% | -56.5% | +69.6% | +8.7% | +39.2% | +44.9% | +26.2% | +65.6% | -44.5% | -206.1% | +32.6% | +284.4% |
| Profit margin | 9.4% | 5.9% | 5.4% | 10.4% | 13.5% | 13.6% | 12.5% | 9.7% | 9.9% | 4.0% | 7.4% | 7.0% | 8.5% | 12.0% | 14.1% | 21.7% | 13.9% | -16.9% | -10.6% | 14.6% |
Frequently asked questions
What is Encore Capital Group Inc's revenue?
Encore Capital Group Inc's trailing twelve-month revenue is $1.85B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ECPG?
In its most recent fiscal year, ECPG ran a gross margin of 68.98%, an operating margin of 35.38%, and a net margin of 14.57%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ECPG generate?
ECPG produced $126.93M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ECPG's balance sheet healthy?
ECPG holds $156.78M in cash and equivalents against $4.00B in long-term debt, on $976.75M of shareholder equity. That debt is best read against the cash flow the business throws off each year.