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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
ENCORE CAPITAL GROUP INC is the larger business by last-quarter revenue ($473.6M vs $273.0M, roughly 1.7× Forestar Group Inc.). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 5.6%, a 10.5% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 9.0%). ENCORE CAPITAL GROUP INC produced more free cash flow last quarter ($126.9M vs $-157.1M). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% CAGR vs -9.6%).
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
ECPG vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $273.0M |
| Net Profit | $76.7M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 36.6% | 7.6% |
| Net Margin | 16.2% | 5.6% |
| Revenue YoY | 78.3% | 9.0% |
| Net Profit YoY | — | -6.7% |
| EPS (diluted) | $3.32 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $473.6M | $273.0M | ||
| Q3 25 | $460.4M | $670.5M | ||
| Q2 25 | $442.1M | $390.5M | ||
| Q1 25 | $392.8M | $351.0M | ||
| Q4 24 | $265.6M | $250.4M | ||
| Q3 24 | $367.1M | $551.3M | ||
| Q2 24 | $355.3M | $318.4M | ||
| Q1 24 | $328.4M | $333.8M |
| Q4 25 | $76.7M | $15.4M | ||
| Q3 25 | $74.7M | $86.9M | ||
| Q2 25 | $58.7M | $32.9M | ||
| Q1 25 | $46.8M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $30.6M | $81.5M | ||
| Q2 24 | $32.2M | $38.7M | ||
| Q1 24 | $23.2M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 36.6% | 7.6% | ||
| Q3 25 | 37.6% | 16.9% | ||
| Q2 25 | 34.1% | 11.2% | ||
| Q1 25 | 32.9% | 11.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 28.9% | 19.7% | ||
| Q2 24 | 28.7% | 16.2% | ||
| Q1 24 | 25.5% | 17.6% |
| Q4 25 | 16.2% | 5.6% | ||
| Q3 25 | 16.2% | 13.0% | ||
| Q2 25 | 13.3% | 8.4% | ||
| Q1 25 | 11.9% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 8.3% | 14.8% | ||
| Q2 24 | 9.1% | 12.2% | ||
| Q1 24 | 7.1% | 13.5% |
| Q4 25 | $3.32 | $0.30 | ||
| Q3 25 | $3.17 | $1.70 | ||
| Q2 25 | $2.49 | $0.65 | ||
| Q1 25 | $1.93 | $0.62 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | $1.26 | $1.59 | ||
| Q2 24 | $1.34 | $0.76 | ||
| Q1 24 | $0.95 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.8M | $211.7M |
| Total DebtLower is stronger | $4.0B | $793.2M |
| Stockholders' EquityBook value | $976.8M | $1.8B |
| Total Assets | $5.3B | $3.2B |
| Debt / EquityLower = less leverage | 4.13× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $211.7M | ||
| Q3 25 | $172.5M | $379.2M | ||
| Q2 25 | $172.9M | $189.2M | ||
| Q1 25 | $187.1M | $174.3M | ||
| Q4 24 | $199.9M | $132.0M | ||
| Q3 24 | $247.4M | $481.2M | ||
| Q2 24 | $250.6M | $359.2M | ||
| Q1 24 | $173.0M | $416.2M |
| Q4 25 | $4.0B | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | $3.7B | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $976.8M | $1.8B | ||
| Q3 25 | $952.9M | $1.8B | ||
| Q2 25 | $896.0M | $1.7B | ||
| Q1 25 | $819.1M | $1.6B | ||
| Q4 24 | $767.3M | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $988.1M | $1.5B | ||
| Q1 24 | $953.9M | $1.5B |
| Q4 25 | $5.3B | $3.2B | ||
| Q3 25 | $5.3B | $3.1B | ||
| Q2 25 | $5.2B | $3.1B | ||
| Q1 25 | $5.0B | $3.0B | ||
| Q4 24 | $4.8B | $3.0B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $4.8B | $2.7B | ||
| Q1 24 | $4.7B | $2.6B |
| Q4 25 | 4.13× | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 4.83× | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $153.2M | $-157.0M |
| Free Cash FlowOCF − Capex | $126.9M | $-157.1M |
| FCF MarginFCF / Revenue | 26.8% | -57.5% |
| Capex IntensityCapex / Revenue | 5.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.00× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.2M | $-157.0M | ||
| Q3 25 | $81.6M | $256.3M | ||
| Q2 25 | $9.5M | $15.8M | ||
| Q1 25 | $45.3M | $-19.8M | ||
| Q4 24 | $156.2M | $-450.0M | ||
| Q3 24 | $45.9M | $119.2M | ||
| Q2 24 | $35.7M | $-61.7M | ||
| Q1 24 | $51.0M | $-59.2M |
| Q4 25 | $126.9M | $-157.1M | ||
| Q3 25 | $75.6M | $255.6M | ||
| Q2 25 | $3.2M | $15.0M | ||
| Q1 25 | $38.3M | $-20.5M | ||
| Q4 24 | $127.2M | — | ||
| Q3 24 | $39.7M | $118.4M | ||
| Q2 24 | $28.3M | $-62.3M | ||
| Q1 24 | $44.1M | $-59.8M |
| Q4 25 | 26.8% | -57.5% | ||
| Q3 25 | 16.4% | 38.1% | ||
| Q2 25 | 0.7% | 3.8% | ||
| Q1 25 | 9.7% | -5.8% | ||
| Q4 24 | 47.9% | — | ||
| Q3 24 | 10.8% | 21.5% | ||
| Q2 24 | 8.0% | -19.6% | ||
| Q1 24 | 13.4% | -17.9% |
| Q4 25 | 5.5% | 0.0% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | 2.00× | -10.19× | ||
| Q3 25 | 1.09× | 2.95× | ||
| Q2 25 | 0.16× | 0.48× | ||
| Q1 25 | 0.97× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 1.50× | 1.46× | ||
| Q2 24 | 1.11× | -1.59× | ||
| Q1 24 | 2.19× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECPG
Segment breakdown not available.
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
