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Credit services · Financial Services · Fiscal year ends Dec 31
Enova International reported revenue of $3.2B in the fiscal year ended Dec 2025, up 18.6% from the year before. Operating income was $739M, an operating margin of 23.5%, and net income was $308M. Operating cash flow of $1.8B less capital expenditure of $47M left free cash flow of $1.8B. Net debt was $4.4B.
Ranks among the 35 credit services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,208 | 1,736 | 2,118 | 2,658 | 3,152 |
| Gross profit | 1,024 | 1,118 | 1,230 | 1,529 | 1,830 |
| Operating income | 413 | 384 | 422 | 585 | 739 |
| Interest expense | 76.5 | 116 | 195 | 290 | 339 |
| Pre-tax income | 337 | 273 | 227 | 271 | 401 |
| Income tax | 80.1 | 65.2 | 52.1 | 61.7 | 92.6 |
| Net income | 256 | 207 | 175 | 209 | 308 |
| Diluted EPS | 6.79 | 6.19 | 5.49 | 7.43 | 11.52 |
| Diluted shares | 37.7 | 33.5 | 31.9 | 28.2 | 26.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 165 | 100 | 54.4 | 73.9 | 71.7 |
| Net PP&E | 78.4 | 93.2 | 109 | 120 | 133 |
| Goodwill | 279 | 279 | 279 | 279 | 279 |
| Total assets | 2,761 | 3,781 | 4,586 | 5,266 | 6,468 |
| Long-term debt | 1,384 | 2,259 | 2,944 | 3,563 | 4,498 |
| Total liabilities | 1,668 | 2,595 | 3,345 | 4,069 | 5,132 |
| Shareholders' equity | 1,093 | 1,186 | 1,240 | 1,197 | 1,337 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 472 | 894 | 1,167 | 1,539 | 1,819 |
| Capital expenditure | 29.7 | 43.6 | 45.2 | 43.4 | 47.1 |
| Free cash flow | 442 | 850 | 1,122 | 1,495 | 1,772 |
| Depreciation & amortisation | 35.4 | 36.9 | 38.2 | 40.2 | 41.8 |
| Stock-based compensation | 21.2 | 22.0 | 26.7 | 31.8 | 33.1 |
| Acquisitions | 29.2 | – | – | – | – |
| Share buybacks | 117 | 143 | 153 | 289 | 215 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 43.7% | 22.0% | 25.5% | 18.6% |
| Operating income growth (YoY) | – | −7.0% | 9.9% | 38.5% | 26.5% |
| EPS growth (YoY) | – | −8.8% | −11.3% | 35.3% | 55.0% |
| Gross margin | 84.8% | 64.4% | 58.1% | 57.5% | 58.1% |
| Operating margin | 34.2% | 22.1% | 19.9% | 22.0% | 23.5% |
| Net margin | 21.2% | 11.9% | 8.3% | 7.9% | 9.8% |
| Return on equityBlank when equity is negative | 23.4% | 17.5% | 14.1% | 17.5% | 23.1% |
| Free cash flow margin | 36.6% | 49.0% | 53.0% | 56.3% | 56.2% |
| Cash conversion (CFO ÷ net income) | 1.84x | 4.31x | 6.66x | 7.35x | 5.90x |
| Interest cover | 5.40x | 3.31x | 2.17x | 2.01x | 2.18x |
| Debt ÷ equity | 1.27x | 1.90x | 2.37x | 2.98x | 3.37x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,219 | 2,158 | 2,889 | 3,490 | 4,427 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.