Enova International, Inc. ENVA

FinancialsBanking ServicesUnited States of America

Last close 173.94 USD on Nov 2, 2026, +10.6% year to date

Quant rating

Quant rating A Rank 63 of 799 in Financials

Growth A 26 of 799
Valuation A 15 of 799
Quality B 159 of 799
Revisions C 386 of 799
Momentum C 326 of 799

Wall Street consensus Buy (1.67)Average target 230.17 USD +32.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.3B
Enterprise value: 9.5B
52-week range: 118.92 – 266.87
3-year range: 39.50 – 266.87
Dividend yield: –
Beta (5 years): 1.39
Shares outstanding: 24.5M
Next earnings: Jan 25, 2027

About the company

Enova International, Inc. is an online financial services company that serves small businesses and consumers. The Company's online financing products and services provide customers with a deposit of funds to their bank account in exchange for a commitment to repay the amount deposited plus fees and/or interest. Its products and services include consumer installment loans, small business installment loans, consumer line of credit accounts, small business line of credit accounts, CSO program, bank programs, and money transfer business. It provides its services in the United States and Brazil. In the United States it markets its financing products under the names CashNetUSA at www.cashnetusa.com, NetCredit at www.netcredit.com, OnDeck at www.ondeck.com and Headway Capital at www.headwaycapital.com, and it markets its money transfer platform under the name Pangea. In Brazil, it operates under the name Simplic, where it arranges unsecured consumer installment loans for a third-party lender.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,830	1,529	1,230	1,118	1,024	–
Revenue growth	19.7%	24.4%	10.1%	9.1%	49.7%	21.7%
EPS (basic, normalized)	12.85	8.55	6.60	6.45	7.19	–
EPS growth	50.3%	29.6%	2.3%	−10.2%	−9.6%	10.1%
Gross margin	–	–	–	–	100.0%	100.0%
Net margin	16.8%	13.7%	14.2%	18.6%	25.0%	17.7%
ROE	–	21.2%	18.0%	19.5%	28.4%	21.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	106
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	5,377
Net debt (mil)	5,271
Total equity (mil)	1,569
Net debt / equity	3.36x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,830	+19.7%	5.2x	54.08	–	3.2x	12.96	+41.6%	13.4x
2026	3,869	+111.4%	2.5x	69.25	+28.0%	2.5x	17.28	+33.3%	10.1x
2027	4,636	+19.8%	2.1x	89.22	+28.8%	1.9x	21.32	+23.4%	8.2x
2028	5,360	+15.6%	1.8x	–	–	–	24.95	+17.0%	7.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,869	+0.3%	+0.1%	+2.5%	17.28	0.0%	−0.3%	+5.1%
2027	4,636	+2.0%	+1.2%	+4.7%	21.32	+1.7%	−1.1%	+6.7%
2028	5,360	−8.4%	−5.3%	−3.3%	24.95	−10.5%	−7.0%	−5.8%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	610	628	690	730	746	764	803	839	875	929
Sales mean (mil)	584	623	666	730	734	757	807	839	852	910
Surprise	+4.4%	+0.9%	+3.5%	−0.1%	+1.6%	+1.0%	−0.5%	+0.1%	+2.8%	+2.1%
EPS reported	1.91	2.21	2.45	2.61	2.98	3.23	3.36	3.46	3.87	4.31
EPS mean	1.72	2.07	2.31	2.27	2.76	2.98	3.03	3.17	3.67	3.96
Surprise	+11.3%	+6.6%	+6.1%	+15.2%	+8.0%	+8.3%	+11.0%	+9.2%	+5.4%	+8.8%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
ENVA Enova International, Inc.	4.3B	–	16.8%	–	10.1x	8.2x	2.5x	1.9x
AXP American Express Company	219.9B	–	13.8%	–	18.4x	16.3x	6.3x	5.6x
COF Capital One Financial Corp	126.8B	14.8%	3.1%	1.11x	9.7x	8.8x	1.2x	1.1x
SYF Synchrony Financial	23.9B	14.5%	15.3%	0.87x	8.1x	7.4x	1.6x	1.4x
SOFI SoFi Technologies, Inc.	21.5B	18.7%	14.3%	0.99x	27.2x	18.7x	1.9x	1.7x
ALLY Ally Financial Inc	11.6B	11.4%	5.5%	1.13x	7.7x	6.4x	0.8x	0.8x
Mean		14.8%	11.5%	1.02x	13.5x	11.0x	2.4x	2.1x
Median		14.6%	14.0%	1.05x	9.9x	8.5x	1.7x	1.6x

Technical analysis

1M+0.6%
3M−31.6%
1Y+45.5%
3Y+316.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Enova International, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,830	1,529	1,230	1,118	1,024	684
Total interest expense	–	–	–	–	–	–
Net interest income	1,830	1,529	1,230	1,118	1,024	684
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	401	271	227	273	337	435
Provision for taxes	92.6	61.7	52.1	65.2	80.1	57.2
Minority interest & equity in affiliates	–	–	0	0	−0.8	−0.1
Other	0	0	0	0	0	0
Net income before extraordinary items	308	209	175	207	256	378
Extraordinary items	–	–	–	0	0	−0.3
Net income	308	209	175	207	256	378
Basic weighted average shares (mil)	25.2	26.9	30.7	32.3	36.4	31.9
Diluted weighted average shares (mil)	26.8	28.2	31.9	33.5	37.7	32.3
Basic EPS excluding extraordinary items	12.25	7.78	5.71	6.42	7.05	11.86
Basic EPS, normalized	12.85	8.55	6.60	6.45	7.19	7.96

Balance sheet in millions of USD, fiscal years

Balance sheet, Enova International, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	149	138	123	113	102	120
Goodwill	279	279	279	279	279	268
Intangibles	3.7	11.0	19.0	27.4	35.4	26.0
Long-term investments	1.5	0.1	16.1	23.8	21.1	–
Other long-term assets	33.7	24.1	25.5	30.9	30.2	43.5
Other assets	–	–	–	–	–	–
Total assets	6,468	5,266	4,586	3,781	2,761	2,108
Liabilities
Accounts payable	79.0	59.0	43.3	30.8	37.2	26.7
Payable/accrued	–	–	–	–	–	–
Accrued expenses	227	191	218	168	119	97.3
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	4,498	3,563	2,944	2,259	1,384	946
Minority interest	–	–	–	–	0	1.5
Other liabilities	327	256	140	138	128	119
Total liabilities	5,132	4,069	3,345	2,595	1,668	1,191
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	370	328	284	252	226	188
Retained earnings (accumulated deficit)	2,006	1,698	1,488	1,313	1,106	849
Treasury stock	−1,030	−815	−526	−373	−230	−113
Other equity	−9.5	−13.7	−6.3	−6.0	−8.5	−6.9
Total equity	1,337	1,197	1,240	1,186	1,093	917
Total liabilities & shareholders' equity	6,468	5,266	4,586	3,781	2,761	2,108

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Enova International, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	308	209	175	207	257	378
Depreciation, depletion & amortization	41.8	40.2	38.2	36.9	35.4	19.7
Deferred taxes	70.6	113	8.5	17.0	39.3	3.2
Non-cash items	1,366	1,190	915	641	199	265
Changes in working capital	32.7	−14.0	30.0	−8.6	−58.8	74.9
Cash from operations	1,819	1,539	1,167	894	472	741
Investing activities
Capital expenditures	−47.1	−43.4	−45.2	−43.6	−29.7	−29.5
Other investing cash flows	−2,399	−1,868	−1,449	−1,623	−951	113
Cash from investing	−2,446	−1,911	−1,495	−1,666	−980	83.6
Financing activities
Financing cash flow items	−15.9	−28.1	−22.4	−7.5	−6.2	−1.2
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	728	347	549	732	371	−535
Cash from financing	712	319	527	725	365	−536
Foreign exchange effects	0	−1.0	0.3	−0.1	0	−0.2
Net change in cash	85.2	−54.8	199	−47.5	−143	288
Free cash flow	1,772	1,495	1,122	850	442	711

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.