Enova International (ENVA)
NYSE:ENVA
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Enova International
(NYSE:ENVA)
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Rating:71Outperform
Price Target:
$148.00
▲(8.30% Upside)
Action:ReiteratedDate:02/05/26
The score is driven primarily by strong fundamentals (growth and cash generation) and constructive earnings guidance for 2026. These positives are tempered by balance-sheet leverage risk and only neutral technical momentum, while valuation remains reasonable but without dividend support.
Positive Factors
Cash generation
Very high free cash flow conversion (~97%) and growing operating cash flow provide durable internal funding for originations, debt servicing, buybacks or M&A. Strong cash conversion reduces reliance on external funding and supports capital allocation through credit cycles.
Negative Factors
High leverage
Substantially higher leverage increases sensitivity to funding cost moves and reduces financial flexibility. In tighter markets or higher rates, elevated debt levels can strain liquidity, raise refinancing risk, and constrain capital allocation or growth during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Very high free cash flow conversion (~97%) and growing operating cash flow provide durable internal funding for originations, debt servicing, buybacks or M&A. Strong cash conversion reduces reliance on external funding and supports capital allocation through credit cycles.
Read all positive factors
Enova International (ENVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.42B
Dividend YieldN/A
Average Volume (3M)254.30K
Price to Earnings (P/E)12.6
Beta (1Y)1.29
Revenue Growth21.10%
EPS Growth76.12%
CountryUS
Employees1,787
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)3.46
Shares Outstanding25,010,319
10 Day Avg. Volume225,027
30 Day Avg. Volume254,301
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)2.91
Price to Sales (P/S)1.23
P/FCF Ratio2.20
Enterprise Value/Market Cap2.29
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit4.96
Enterprise Value/Ebitda14.80
Forecast
1Y Price Target
$193.40Price Target Upside41.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)15.77
Revenue Forecast (FY)$3.65B
Enova International Business Overview & Revenue Model
Company Description
Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; ...
How the Company Makes Money
Enova primarily makes money by originating loans and earning finance revenue over the life of those loans. Key revenue streams generally include: (1) interest income and similar finance charges assessed on consumer and small business loans it hold...
Enova International Earnings Call Summary
Earnings Call Date:Jan 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: record originations and portfolio growth, robust Q4 revenue and profitability, stable/improving credit metrics, healthy liquidity and a strategic acquisition with material expected synergies. The main cautions were higher near-term marketing and operating expenses, a still-elevated consumer net charge-off level, reliance on macro stability for 2026 guidance, and regulatory/execution risk tied to the Grasshopper acquisition. Overall, the positives - including clear guidance for continued growth and meaningful synergies from the pending acquisition - outweigh the manageable near-term challenges.Positive Updates
Record Annual Performance and EPS Growth
Full year 2025 originations grew 27% driving revenue growth of nearly 20% and adjusted EPS growth of 42% year-over-year, marking the second consecutive year of adjusted EPS growth in excess of 30%.
Negative Updates
Elevated Marketing and Operating Expense in Q4
Marketing spend increased to $192 million or 23% of revenue in Q4 (from 21% a year ago) to capture demand; total operating expenses including marketing were 36% of revenue versus 34% in Q4 2024, reflecting higher short-term spend to drive originations.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Performance and EPS Growth
Full year 2025 originations grew 27% driving revenue growth of nearly 20% and adjusted EPS growth of 42% year-over-year, marking the second consecutive year of adjusted EPS growth in excess of 30%.
Read all positive updates
Company Guidance
Enova guided that for Q1 2026 it expects revenue to be flat to slightly higher sequentially with a consolidated net revenue margin of 55%–60%, marketing at “upper teens” percent of revenue, operations & technology around 8% of revenue, G&A of 5%–5.5% of revenue, interest expense about 10.5% of revenue, and adjusted EPS expected to be 20%–25% higher than Q1 2025 (all subject to the level, timing and mix of originations and customer payment performance). For full-year 2026, assuming a stable macro and largely unchanged rates, management expects originations to grow ~15% vs. 2025 with revenue growth roughly in line with originations and adjusted EPS growth of at least 20% (guidance excludes any contribution from the pending Grasshopper Bank acquisition, which is expected to close in H2 2026; pro forma synergies were previously estimated at $125M–$220M of adjusted net income and >25% EPS accretion once fully realized).Enova International Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.15B | 2.66B | 2.12B | 1.74B | 1.21B |
| Gross Profit | 1.58B | 1.24B | 1.04B | 1.00B | 947.75M |
| EBITDA | 529.82M | 334.52M | 265.51M | 304.97M | 371.93M |
| Net Income | 308.39M | 209.45M | 175.12M | 207.42M | 256.30M |
Balance Sheet | |||||
| Total Assets | 6.47B | 5.27B | 4.59B | 3.78B | 2.76B |
| Cash, Cash Equivalents and Short-Term Investments | 71.71M | 73.91M | 377.44M | 100.17M | 165.48M |
| Total Debt | 4.56B | 3.60B | 2.99B | 2.29B | 1.43B |
| Total Liabilities | 5.13B | 4.07B | 3.35B | 2.59B | 1.67B |
| Stockholders Equity | 1.34B | 1.20B | 1.24B | 1.19B | 1.09B |
Cash Flow | |||||
| Free Cash Flow | 1.77B | 1.50B | 1.12B | 850.37M | 442.19M |
| Operating Cash Flow | 1.82B | 1.54B | 1.17B | 894.00M | 471.87M |
| Investing Cash Flow | -2.45B | -1.91B | -1.49B | -1.67B | -980.37M |
| Financing Cash Flow | 711.82M | 318.88M | 526.54M | 724.87M | 365.15M |
Enova International Technical Analysis
Negative
136.66
Price Trends
148.39
Negative
145.25
Negative
128.50
Positive
Market Momentum
-3.23
Negative
42.28
Neutral
52.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENVA, the sentiment is Negative. The current price of 136.66 is below the 20-day moving average (MA) of 138.66, below the 50-day MA of 148.39, and above the 200-day MA of 128.50, indicating a neutral trend. The MACD of -3.23 indicates Negative momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 52.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENVA.
Enova International Risk Analysis
Enova International disclosed 59 risk factors in its most recent earnings report. Enova International reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Failure to complete the Grasshopper acquisition could negatively affect our share price, future business and financial results. Q4, 2025
2.
We expect to incur substantial expenses related to the mergers. Q4, 2025
3.
Regulatory approvals may not be received, may take longer than expected or may impose conditions that are not presently anticipated, cannot be met, or that could have an adverse effect on us following the consummation of the acquisition of Grasshopper. Q4, 2025
Enova International Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.24B | 6.42 | 16.09% | 1.12% | -4.32% | 58.34% | |
72 Outperform | $1.20B | 3.73 | 15.80% | 5.20% | 9.32% | 29.40% | |
71 Outperform | $3.42B | 12.62 | 24.45% | ― | 21.10% | 76.12% | |
68 Neutral | $2.85B | 6.09 | 53.92% | 10.18% | -2.51% | 17.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $1.67B | 16.10 | 9.47% | ― | 9.68% | 94.85% | |
| ― | $2.34B | -2.48 | 0.96% | ― | ― | ― |
* Financial Sector Average
ENVA
Enova International
136.66
37.38
37.65%
BFH
Bread Financial Holdings
75.11
24.58
48.64%
WU
Western Union
9.10
-0.45
-4.73%
LC
LendingClub
14.54
3.69
34.01%
FINV
FinVolution Group
4.74
-5.37
-53.10%
LU
Lufax Holding
1.93
-1.13
-36.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.