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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) and Madison Square Garden Sports Corp. (MSGS). 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 $403.4M, roughly 1.2× Madison Square Garden Sports Corp.). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 2.0%, a 14.1% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 12.8%). ENCORE CAPITAL GROUP INC produced more free cash flow last quarter ($126.9M vs $31.6M). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% CAGR vs -3.1%).
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.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
ECPG vs MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $403.4M |
| Net Profit | $76.7M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | 36.6% | 5.5% |
| Net Margin | 16.2% | 2.0% |
| Revenue YoY | 78.3% | 12.8% |
| Net Profit YoY | — | 641.9% |
| EPS (diluted) | $3.32 | $0.34 |
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 | $403.4M | ||
| Q3 25 | $460.4M | $39.5M | ||
| Q2 25 | $442.1M | $204.0M | ||
| Q1 25 | $392.8M | $424.2M | ||
| Q4 24 | $265.6M | $357.8M | ||
| Q3 24 | $367.1M | $53.3M | ||
| Q2 24 | $355.3M | $227.3M | ||
| Q1 24 | $328.4M | $430.0M |
| Q4 25 | $76.7M | $8.2M | ||
| Q3 25 | $74.7M | $-8.8M | ||
| Q2 25 | $58.7M | $-1.8M | ||
| Q1 25 | $46.8M | $-14.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $30.6M | $-7.5M | ||
| Q2 24 | $32.2M | $25.5M | ||
| Q1 24 | $23.2M | $37.9M |
| Q4 25 | 36.6% | 5.5% | ||
| Q3 25 | 37.6% | -69.5% | ||
| Q2 25 | 34.1% | -11.1% | ||
| Q1 25 | 32.9% | 7.6% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 28.9% | -15.5% | ||
| Q2 24 | 28.7% | 23.0% | ||
| Q1 24 | 25.5% | 18.5% |
| Q4 25 | 16.2% | 2.0% | ||
| Q3 25 | 16.2% | -22.3% | ||
| Q2 25 | 13.3% | -0.9% | ||
| Q1 25 | 11.9% | -3.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 8.3% | -14.1% | ||
| Q2 24 | 9.1% | 11.2% | ||
| Q1 24 | 7.1% | 8.8% |
| Q4 25 | $3.32 | $0.34 | ||
| Q3 25 | $3.17 | $-0.37 | ||
| Q2 25 | $2.49 | $-0.08 | ||
| Q1 25 | $1.93 | $-0.59 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | $1.26 | $-0.31 | ||
| Q2 24 | $1.34 | $1.07 | ||
| Q1 24 | $0.95 | $1.57 |
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 | $81.3M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $976.8M | $-282.1M |
| Total Assets | $5.3B | $1.5B |
| Debt / EquityLower = less leverage | 4.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $81.3M | ||
| Q3 25 | $172.5M | $48.6M | ||
| Q2 25 | $172.9M | $144.6M | ||
| Q1 25 | $187.1M | $96.5M | ||
| Q4 24 | $199.9M | $107.8M | ||
| Q3 24 | $247.4M | $52.3M | ||
| Q2 24 | $250.6M | $89.1M | ||
| Q1 24 | $173.0M | $40.0M |
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $976.8M | $-282.1M | ||
| Q3 25 | $952.9M | $-294.2M | ||
| Q2 25 | $896.0M | $-281.4M | ||
| Q1 25 | $819.1M | $-283.4M | ||
| Q4 24 | $767.3M | $-273.1M | ||
| Q3 24 | $1.0B | $-277.5M | ||
| Q2 24 | $988.1M | $-266.3M | ||
| Q1 24 | $953.9M | $-294.0M |
| Q4 25 | $5.3B | $1.5B | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $5.2B | $1.5B | ||
| Q1 25 | $5.0B | $1.5B | ||
| Q4 24 | $4.8B | $1.4B | ||
| Q3 24 | $5.0B | $1.4B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $4.7B | $1.4B |
| Q4 25 | 4.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.83× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $32.4M |
| Free Cash FlowOCF − Capex | $126.9M | $31.6M |
| FCF MarginFCF / Revenue | 26.8% | 7.8% |
| Capex IntensityCapex / Revenue | 5.5% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.00× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.2M | $32.4M | ||
| Q3 25 | $81.6M | $-85.0M | ||
| Q2 25 | $9.5M | $49.7M | ||
| Q1 25 | $45.3M | $6.3M | ||
| Q4 24 | $156.2M | $61.8M | ||
| Q3 24 | $45.9M | $-26.2M | ||
| Q2 24 | $35.7M | $108.4M | ||
| Q1 24 | $51.0M | $4.0M |
| Q4 25 | $126.9M | $31.6M | ||
| Q3 25 | $75.6M | $-85.3M | ||
| Q2 25 | $3.2M | $49.4M | ||
| Q1 25 | $38.3M | $3.9M | ||
| Q4 24 | $127.2M | $61.2M | ||
| Q3 24 | $39.7M | $-26.5M | ||
| Q2 24 | $28.3M | $108.0M | ||
| Q1 24 | $44.1M | $3.9M |
| Q4 25 | 26.8% | 7.8% | ||
| Q3 25 | 16.4% | -216.3% | ||
| Q2 25 | 0.7% | 24.2% | ||
| Q1 25 | 9.7% | 0.9% | ||
| Q4 24 | 47.9% | 17.1% | ||
| Q3 24 | 10.8% | -49.7% | ||
| Q2 24 | 8.0% | 47.5% | ||
| Q1 24 | 13.4% | 0.9% |
| Q4 25 | 5.5% | 0.2% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.8% | 0.6% | ||
| Q4 24 | 10.9% | 0.1% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 2.1% | 0.0% |
| Q4 25 | 2.00× | 3.94× | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.11× | 4.25× | ||
| Q1 24 | 2.19× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECPG
Segment breakdown not available.
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
