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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $473.6M, roughly 1.3× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs -2.0%, a 18.2% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 33.6%). ENCORE CAPITAL GROUP INC produced more free cash flow last quarter ($126.9M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 20.1%).
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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
ECPG vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $614.5M |
| Net Profit | $76.7M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 36.6% | -8.0% |
| Net Margin | 16.2% | -2.0% |
| Revenue YoY | 78.3% | 33.6% |
| Net Profit YoY | — | 6.0% |
| EPS (diluted) | $3.32 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $460.4M | $562.0M | ||
| Q2 25 | $442.1M | $512.3M | ||
| Q1 25 | $392.8M | $479.1M | ||
| Q4 24 | $265.6M | $459.9M | ||
| Q3 24 | $367.1M | $430.1M | ||
| Q2 24 | $355.3M | $401.0M | ||
| Q1 24 | $328.4M | $378.6M |
| Q4 25 | $76.7M | $-12.1M | ||
| Q3 25 | $74.7M | $-1.3M | ||
| Q2 25 | $58.7M | $-50.4M | ||
| Q1 25 | $46.8M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $30.6M | $-15.3M | ||
| Q2 24 | $32.2M | $-15.1M | ||
| Q1 24 | $23.2M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 36.6% | -8.0% | ||
| Q3 25 | 37.6% | -6.7% | ||
| Q2 25 | 34.1% | -13.1% | ||
| Q1 25 | 32.9% | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | 28.9% | -7.2% | ||
| Q2 24 | 28.7% | -8.7% | ||
| Q1 24 | 25.5% | -14.4% |
| Q4 25 | 16.2% | -2.0% | ||
| Q3 25 | 16.2% | -0.2% | ||
| Q2 25 | 13.3% | -9.8% | ||
| Q1 25 | 11.9% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 8.3% | -3.6% | ||
| Q2 24 | 9.1% | -3.8% | ||
| Q1 24 | 7.1% | -9.4% |
| Q4 25 | $3.32 | $-0.03 | ||
| Q3 25 | $3.17 | $0.00 | ||
| Q2 25 | $2.49 | $-0.15 | ||
| Q1 25 | $1.93 | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $1.26 | $-0.04 | ||
| Q2 24 | $1.34 | $-0.04 | ||
| Q1 24 | $0.95 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $976.8M | $1.5B |
| Total Assets | $5.3B | $6.0B |
| Debt / EquityLower = less leverage | 4.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $943.5M | ||
| Q3 25 | $172.5M | $1.1B | ||
| Q2 25 | $172.9M | $1.5B | ||
| Q1 25 | $187.1M | $204.5M | ||
| Q4 24 | $199.9M | $147.7M | ||
| Q3 24 | $247.4M | $182.9M | ||
| Q2 24 | $250.6M | $157.0M | ||
| Q1 24 | $173.0M | $254.4M |
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $976.8M | $1.5B | ||
| Q3 25 | $952.9M | $1.3B | ||
| Q2 25 | $896.0M | $1.2B | ||
| Q1 25 | $819.1M | $1.4B | ||
| Q4 24 | $767.3M | $1.0B | ||
| Q3 24 | $1.0B | $973.1M | ||
| Q2 24 | $988.1M | $881.5M | ||
| Q1 24 | $953.9M | $797.2M |
| Q4 25 | $5.3B | $6.0B | ||
| Q3 25 | $5.3B | $5.8B | ||
| Q2 25 | $5.2B | $5.6B | ||
| Q1 25 | $5.0B | $3.7B | ||
| Q4 24 | $4.8B | $3.3B | ||
| Q3 24 | $5.0B | $3.1B | ||
| Q2 24 | $4.8B | $2.9B | ||
| Q1 24 | $4.7B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | $126.9M | $105.2M |
| FCF MarginFCF / Revenue | 26.8% | 17.1% |
| Capex IntensityCapex / Revenue | 5.5% | 13.9% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.2M | $190.4M | ||
| Q3 25 | $81.6M | $167.1M | ||
| Q2 25 | $9.5M | $99.8M | ||
| Q1 25 | $45.3M | $145.8M | ||
| Q4 24 | $156.2M | $127.3M | ||
| Q3 24 | $45.9M | $104.7M | ||
| Q2 24 | $35.7M | $74.8M | ||
| Q1 24 | $51.0M | $73.6M |
| Q4 25 | $126.9M | $105.2M | ||
| Q3 25 | $75.6M | $82.5M | ||
| Q2 25 | $3.2M | $39.9M | ||
| Q1 25 | $38.3M | $59.9M | ||
| Q4 24 | $127.2M | $54.2M | ||
| Q3 24 | $39.7M | $54.5M | ||
| Q2 24 | $28.3M | $45.2M | ||
| Q1 24 | $44.1M | $41.5M |
| Q4 25 | 26.8% | 17.1% | ||
| Q3 25 | 16.4% | 14.7% | ||
| Q2 25 | 0.7% | 7.8% | ||
| Q1 25 | 9.7% | 12.5% | ||
| Q4 24 | 47.9% | 11.8% | ||
| Q3 24 | 10.8% | 12.7% | ||
| Q2 24 | 8.0% | 11.3% | ||
| Q1 24 | 13.4% | 11.0% |
| Q4 25 | 5.5% | 13.9% | ||
| Q3 25 | 1.3% | 15.1% | ||
| Q2 25 | 1.4% | 11.7% | ||
| Q1 25 | 1.8% | 17.9% | ||
| Q4 24 | 10.9% | 15.9% | ||
| Q3 24 | 1.7% | 11.7% | ||
| Q2 24 | 2.1% | 7.4% | ||
| Q1 24 | 2.1% | 8.5% |
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 2.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECPG
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
