Comprehensive Stock Comparison
Compare Atlanticus Holdings Corporation (ATLC) vs Enova International, Inc. (ENVA) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | ENVA | 18.6% revenue growth vs ATLC's 13.5% |
| Value | ATLC | Lower P/E (6.0x vs 9.0x) |
| Quality / Margins | ENVA | 9.8% net margin vs ATLC's 8.5% |
| Stability / Safety | ENVA | Beta 1.38 vs ATLC's 1.55, lower leverage |
| Dividends | ATLC | 2.6% yield; 7-year raise streak; ENVA pays no meaningful dividend |
| Momentum (1Y) | ENVA | +34.6% vs ATLC's -4.8% |
| Efficiency (ROA) | ENVA | 4.8% ROA vs ATLC's 1.7%, ROIC 10.4% vs 3.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Atlanticus Holdings is a specialty finance company that provides credit products and services to non-prime consumers in the United States. It generates revenue primarily through two segments: Credit as a Service — which originates consumer loans for retail purchases and medical procedures — and Auto Finance — which purchases and services used car loans from independent dealers. The company's competitive advantage lies in its data-driven underwriting technology and established partnerships with retailers and automotive dealers serving the underserved non-prime market.
Enova International is an online financial services provider that offers installment loans, lines of credit, and other financing products to consumers and small businesses through digital platforms. It generates revenue primarily from interest and fees on its loans — with consumer lending accounting for roughly 80% of revenue and small business lending making up the remaining 20%. The company's competitive advantage lies in its proprietary technology and analytics platform that enables rapid, data-driven credit decisions for near-prime borrowers who are often underserved by traditional banks.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
ENVA leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). ATLC leads in 2 (Valuation Metrics, Analyst Outlook).
Financial Metrics (TTM)
ENVA is the larger business by revenue, generating $3.2B annually — 2.4x ATLC's $1.3B. Profitability is closely matched — net margins range from 9.8% (ENVA) to 8.5% (ATLC).
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| RevenueTrailing 12 months | $1.3B | $3.2B |
| EBITDAEarnings before interest/tax | $161M | $781M |
| Net IncomeAfter-tax profit | $118M | $308M |
| Free Cash FlowCash after capex | $488M | $1.8B |
| Gross MarginGross profit ÷ Revenue | +21.6% | +50.1% |
| Operating MarginEBIT ÷ Revenue | +10.6% | +23.5% |
| Net MarginNet income ÷ Revenue | +8.5% | +9.8% |
| FCF MarginFCF ÷ Revenue | +35.7% | +56.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -7.1% | +30.4% |
Valuation Metrics
At 11.0x trailing earnings, ATLC trades at a 9% valuation discount to ENVA's 12.0x P/E. On an enterprise value basis, ENVA's 10.1x EV/EBITDA is more attractive than ATLC's 20.3x.
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| Market CapShares × price | $791M | $3.4B |
| Enterprise ValueMkt cap + debt − cash | $2.9B | $7.9B |
| Trailing P/EPrice ÷ TTM EPS | 10.97x | 12.01x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.98x | 8.97x |
| PEG RatioP/E ÷ EPS growth rate | 0.47x | — |
| EV / EBITDAEnterprise value multiple | 20.32x | 10.06x |
| Price / SalesMarket cap ÷ Revenue | 0.60x | 1.09x |
| Price / BookPrice ÷ Book value/share | 2.01x | 2.74x |
| Price / FCFMarket cap ÷ FCF | 1.69x | 1.94x |
Profitability & Efficiency
ENVA delivers a 23.1% return on equity — every $100 of shareholder capital generates $23 in annual profit, vs $20 for ATLC. ENVA carries lower financial leverage with a 3.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to ATLC's 5.12x. On the Piotroski fundamental quality scale (0–9), ENVA scores 6/9 vs ATLC's 4/9, reflecting solid financial health.
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| ROE (TTM)Return on equity | +20.2% | +23.1% |
| ROA (TTM)Return on assets | +1.7% | +4.8% |
| ROICReturn on invested capital | +3.8% | +10.4% |
| ROCEReturn on capital employed | +4.7% | +13.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 5.12x | 3.37x |
| Net DebtTotal debt minus cash | $2.1B | $4.4B |
| Cash & Equiv.Liquid assets | $375M | $72M |
| Total DebtShort + long-term debt | $2.5B | $4.5B |
| Interest CoverageEBIT ÷ Interest expense | 0.69x | 2.88x |
Total Returns (with DRIP)
A $10,000 investment in ENVA five years ago would be worth $44,143 today (with dividends reinvested), compared to $19,303 for ATLC. Over the past 12 months, ENVA leads with a +34.6% total return vs ATLC's -4.8%. The 3-year compound annual growth rate (CAGR) favors ENVA at 41.8% vs ATLC's 17.7% — a key indicator of consistent wealth creation.
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| YTD ReturnYear-to-date | -21.2% | -14.1% |
| 1-Year ReturnPast 12 months | -4.8% | +34.6% |
| 3-Year ReturnCumulative with dividends | +63.2% | +185.2% |
| 5-Year ReturnCumulative with dividends | +93.0% | +341.4% |
| 10-Year ReturnCumulative with dividends | +1587.4% | +2305.7% |
| CAGR (3Y)Annualised 3-year return | +17.7% | +41.8% |
Risk & Volatility
ENVA is the less volatile stock with a 1.38 beta — it tends to amplify market swings less than ATLC's 1.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENVA currently trades 78.7% from its 52-week high vs ATLC's 66.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.55x | 1.38x |
| 52-Week HighHighest price in past year | $78.91 | $176.68 |
| 52-Week LowLowest price in past year | $41.37 | $79.41 |
| % of 52W HighCurrent price vs 52-week peak | +66.3% | +78.7% |
| RSI (14)Momentum oscillator 0–100 | 45.9 | 46.6 |
| Avg Volume (50D)Average daily shares traded | 58K | 275K |
Analyst Outlook
Wall Street rates ATLC as "Buy" and ENVA as "Buy". Consensus price targets imply 81.6% upside for ATLC (target: $95) vs 38.8% for ENVA (target: $193). ATLC is the only dividend payer here at 2.62% yield — a key consideration for income-focused portfolios.
| Metric | ATLCAtlanticus Holdin… | ENVAEnova Internation… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $95.00 | $193.00 |
| # AnalystsCovering analysts | 6 | 10 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | — |
| Dividend StreakConsecutive years of raises | 7 | 1 |
| Dividend / ShareAnnual DPS | $1.37 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +6.7% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Atlanticus Holdings… (ATLC) | 100 | 416.48 | +316.5% |
| Enova International… (ENVA) | 100 | 881.24 | +781.2% |
Enova International… (ENVA) returned +341% over 5 years vs Atlanticus Holdings… (ATLC)'s +93%. A $10,000 investment in ENVA 5 years ago would be worth $44,143 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanticus Holdings… (ATLC) | $127M | $1.3B | +932.0% |
| Enova International… (ENVA) | $746M | $3.2B | +322.7% |
Enova International, Inc.'s revenue grew from $746M (2016) to $3.2B (2025) — a 17.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanticus Holdings… (ATLC) | -5.0% | 8.5% | +270.2% |
| Enova International… (ENVA) | 4.6% | 9.8% | +110.8% |
Enova International, Inc.'s net margin went from 5% (2016) to 10% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Atlanticus Holdings… (ATLC) | 6.5 | 11.7 | +80.0% |
| Enova International… (ENVA) | 17.7 | 13.6 | -23.2% |
Atlanticus Holdings Corporation has traded in a 5x–12x P/E range over 7 years; current trailing P/E is ~11x. Enova International, Inc. has traded in a 2x–18x P/E range over 9 years; current trailing P/E is ~12x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanticus Holdings… (ATLC) | -0.45 | 4.77 | +1160.0% |
| Enova International… (ENVA) | 1.03 | 11.58 | +1024.3% |
Enova International, Inc.'s EPS grew from $1.03 (2016) to $11.58 (2025) — a 31% CAGR.
Chart 6Free Cash Flow — 5 Years
Atlanticus Holdings Corporation generated $468M FCF in 2024 (+128% vs 2021). Enova International, Inc. generated $2B FCF in 2025 (+301% vs 2021).
ATLC vs ENVA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ATLC or ENVA a better buy right now?
Atlanticus Holdings Corporation (ATLC) offers the better valuation at 11.0x trailing P/E (6.0x forward), making it the more compelling value choice. Analysts rate Atlanticus Holdings Corporation (ATLC) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ATLC or ENVA?
On trailing P/E, Atlanticus Holdings Corporation (ATLC) is the cheapest at 11.0x versus Enova International, Inc. at 12.0x. On forward P/E, Atlanticus Holdings Corporation is actually cheaper at 6.0x.
03Which is the better long-term investment — ATLC or ENVA?
Over the past 5 years, Enova International, Inc. (ENVA) delivered a total return of +341.4%, compared to +93.0% for Atlanticus Holdings Corporation (ATLC). A $10,000 investment in ENVA five years ago would be worth approximately $44K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ENVA returned +23.1% versus ATLC's +1587%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ATLC or ENVA?
By beta (market sensitivity over 5 years), Enova International, Inc. (ENVA) is the lower-risk stock at 1.38β versus Atlanticus Holdings Corporation's 1.55β — meaning ATLC is approximately 12% more volatile than ENVA relative to the S&P 500. On balance sheet safety, Enova International, Inc. (ENVA) carries a lower debt/equity ratio of 3% versus 5% for Atlanticus Holdings Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — ATLC or ENVA?
Enova International, Inc. (ENVA) is the more profitable company, earning 9.8% net margin versus 8.5% for Atlanticus Holdings Corporation — meaning it keeps 9.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ENVA leads at 23.5% versus 10.6% for ATLC. At the gross margin level — before operating expenses — ENVA leads at 50.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is ATLC or ENVA more undervalued right now?
On forward earnings alone, Atlanticus Holdings Corporation (ATLC) trades at 6.0x forward P/E versus 9.0x for Enova International, Inc. — 3.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ATLC: 81.6% to $95.00.
07Which pays a better dividend — ATLC or ENVA?
In this comparison, ATLC (2.6% yield) pays a dividend. ENVA does not pay a meaningful dividend and should not be held primarily for income.
08Is ATLC or ENVA better for a retirement portfolio?
For long-horizon retirement investors, Atlanticus Holdings Corporation (ATLC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (2.6% yield, +1587% 10Y return). Both have compounded well over 10 years (ATLC: +1587%, ENVA: +23.1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between ATLC and ENVA?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. ATLC pays a dividend while ENVA does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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