PGY
Pagaya Technologies Ltd.
Software - Infrastructure
Market Cap$1.28B
5Y Perf.-86.7%
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Stock Comparison
PGY vs ENVA
Revenue, margins, valuation, and 5-year total return — side by side.
ENVA
Enova International, Inc.
Financial - Credit Services
Market Cap$4.30B
5Y Perf.+403.8%
PGY vs ENVA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PGY | ENVA |
|---|---|---|
| Industry | Software - Infrastructure | Financial - Credit Services |
| Market Cap | $1.28B | $4.30B |
| Revenue (TTM) | $1.30B | $3.15B |
| Net Income (TTM) | $98M | $327M |
| Gross Margin | 30.6% | 50.1% |
| Operating Margin | 21.8% | 23.5% |
| Forward P/E | 12.5x | 10.5x |
| Total Debt | $923M | $4.56B |
| Cash & Equiv. | $288M | $72M |
PGY vs ENVA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PGY
ENVA
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| Pagaya Technologies… (PGY) | 100 | 13.3 | -86.7% |
| Enova International… (ENVA) | 100 | 503.8 | +403.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PGY vs ENVA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ENVA leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Pagaya Technologies Ltd. is the stronger pick specifically for growth and revenue expansion and operational efficiency and capital deployment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
PGY
Pagaya Technologies Ltd.
The Growth Play
PGY is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 25.6%, EPS growth 116.4%, 3Y rev CAGR 22.5%
- Lower volatility, beta 3.36, current ratio 5.62x
- 25.6% revenue growth vs ENVA's 18.6%
Best for: growth exposure and sleep-well-at-night
ENVA
Enova International, Inc.
The Banking Pick
ENVA carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 1.48
- 20.3% 10Y total return vs PGY's -87.1%
- Beta 1.48, current ratio 0.23x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PGY | 25.6% revenue growth vs ENVA's 18.6% |
| Value | ENVA | Lower P/E (10.5x vs 12.5x) |
| Quality / Margins | ENVA | 9.8% margin vs PGY's 7.6% |
| Stability / Safety | ENVA | Beta 1.48 vs PGY's 3.36 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | ENVA | +87.8% vs PGY's +37.8% |
| Efficiency (ROA) | PGY | 6.5% ROA vs ENVA's 5.2%, ROIC 15.8% vs 10.4% |
PGY vs ENVA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
PGY vs ENVA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLENVALAGGINGPGY
PGYPagaya Technologies L…
1leads
ENVAEnova International, …
3leads
6 Total Categories
CATEGORYLEADERvs PGYMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
ENVA4/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PGY7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
ENVA6/6
Risk & VolatilityBeta, volatility, and downside exposure
ENVA2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
ENVA leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ENVA is the larger business by revenue, generating $3.2B annually — 2.4x PGY's $1.3B. Profitability is closely matched — net margins range from 9.8% (ENVA) to 7.6% (PGY).
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| RevenueTrailing 12 months | $1.3B | $3.2B |
| EBITDAEarnings before interest/tax | $305M | $815M |
| Net IncomeAfter-tax profit | $98M | $327M |
| Free Cash FlowCash after capex | $234M | $1.9B |
| Gross MarginGross profit ÷ Revenue | +30.6% | +50.1% |
| Operating MarginEBIT ÷ Revenue | +21.8% | +23.5% |
| Net MarginNet income ÷ Revenue | +7.6% | +9.8% |
| FCF MarginFCF ÷ Revenue | +18.1% | +56.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.5% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +191.4% | +28.6% |
ENVA leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
Evenly matched — PGY and ENVA each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 14.9x trailing earnings, ENVA trades at a 11% valuation discount to PGY's 16.7x P/E. On an enterprise value basis, PGY's 7.5x EV/EBITDA is more attractive than ENVA's 11.3x.
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| Market CapShares × price | $1.3B | $4.3B |
| Enterprise ValueMkt cap + debt − cash | $1.9B | $8.8B |
| Trailing P/EPrice ÷ TTM EPS | 16.67x | 14.90x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.49x | 10.49x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.54x | 11.26x |
| Price / SalesMarket cap ÷ Revenue | 1.01x | 1.37x |
| Price / BookPrice ÷ Book value/share | 2.32x | 3.40x |
| Price / FCFMarket cap ÷ FCF | 5.69x | 2.43x |
Evenly matched — PGY and ENVA each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
PGY leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
ENVA delivers a 24.9% return on equity — every $100 of shareholder capital generates $25 in annual profit, vs $18 for PGY. PGY carries lower financial leverage with a 1.66x debt-to-equity ratio, signaling a more conservative balance sheet compared to ENVA's 3.41x. On the Piotroski fundamental quality scale (0–9), PGY scores 7/9 vs ENVA's 6/9, reflecting strong financial health.
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| ROE (TTM)Return on equity | +18.2% | +24.9% |
| ROA (TTM)Return on assets | +6.5% | +5.2% |
| ROICReturn on invested capital | +15.8% | +10.4% |
| ROCEReturn on capital employed | +17.5% | +13.5% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 1.66x | 3.41x |
| Net DebtTotal debt minus cash | $634M | $4.5B |
| Cash & Equiv.Liquid assets | $288M | $72M |
| Total DebtShort + long-term debt | $923M | $4.6B |
| Interest CoverageEBIT ÷ Interest expense | — | 79.01x |
PGY leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
ENVA leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ENVA five years ago would be worth $46,811 today (with dividends reinvested), compared to $1,325 for PGY. Over the past 12 months, ENVA leads with a +87.8% total return vs PGY's +37.8%. The 3-year compound annual growth rate (CAGR) favors ENVA at 59.0% vs PGY's 16.0% — a key indicator of consistent wealth creation.
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| YTD ReturnYear-to-date | -30.4% | +6.5% |
| 1-Year ReturnPast 12 months | +37.8% | +87.8% |
| 3-Year ReturnCumulative with dividends | +56.2% | +302.0% |
| 5-Year ReturnCumulative with dividends | -86.8% | +368.1% |
| 10-Year ReturnCumulative with dividends | -87.1% | +2034.9% |
| CAGR (3Y)Annualised 3-year return | +16.0% | +59.0% |
ENVA leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
ENVA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ENVA is the less volatile stock with a 1.48 beta — it tends to amplify market swings less than PGY's 3.36 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENVA currently trades 97.6% from its 52-week high vs PGY's 34.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.36x | 1.48x |
| 52-Week HighHighest price in past year | $44.99 | $176.68 |
| 52-Week LowLowest price in past year | $10.40 | $89.00 |
| % of 52W HighCurrent price vs 52-week peak | +34.5% | +97.6% |
| RSI (14)Momentum oscillator 0–100 | 62.4 | 65.4 |
| Avg Volume (50D)Average daily shares traded | 3.2M | 227K |
ENVA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PGY as "Buy" and ENVA as "Buy". Consensus price targets imply 101.6% upside for PGY (target: $31) vs 15.7% for ENVA (target: $200).
| Metric | PGYPagaya Technologi… | ENVAEnova Internation… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $31.25 | $199.50 |
| # AnalystsCovering analysts | 12 | 10 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +5.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
ENVA leads in 3 of 6 categories (Income & Cash Flow, Total Returns). PGY leads in 1 (Profitability & Efficiency). 1 tied.
Best OverallEnova International, Inc. (ENVA)Leads 3 of 6 categories
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PGY vs ENVA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PGY or ENVA a better buy right now?
For growth investors, Pagaya Technologies Ltd.
(PGY) is the stronger pick with 25. 6% revenue growth year-over-year, versus 18. 6% for Enova International, Inc. (ENVA). Enova International, Inc. (ENVA) offers the better valuation at 14. 9x trailing P/E (10. 5x forward), making it the more compelling value choice. Analysts rate Pagaya Technologies Ltd. (PGY) a "Buy" — based on 12 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 — PGY or ENVA?
On trailing P/E, Enova International, Inc.
(ENVA) is the cheapest at 14. 9x versus Pagaya Technologies Ltd. at 16. 7x. On forward P/E, Enova International, Inc. is actually cheaper at 10. 5x.
03Which is the better long-term investment — PGY or ENVA?
Over the past 5 years, Enova International, Inc.
(ENVA) delivered a total return of +368. 1%, compared to -86. 8% for Pagaya Technologies Ltd. (PGY). Over 10 years, the gap is even starker: ENVA returned +20. 3% versus PGY's -87. 1%. 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 — PGY or ENVA?
By beta (market sensitivity over 5 years), Enova International, Inc.
(ENVA) is the lower-risk stock at 1. 48β versus Pagaya Technologies Ltd. 's 3. 36β — meaning PGY is approximately 127% more volatile than ENVA relative to the S&P 500. On balance sheet safety, Pagaya Technologies Ltd. (PGY) carries a lower debt/equity ratio of 166% versus 3% for Enova International, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PGY or ENVA?
By revenue growth (latest reported year), Pagaya Technologies Ltd.
(PGY) is pulling ahead at 25. 6% versus 18. 6% for Enova International, Inc. (ENVA). On earnings-per-share growth, the picture is similar: Pagaya Technologies Ltd. grew EPS 116. 4% year-over-year, compared to 55. 9% for Enova International, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PGY or ENVA?
Enova International, Inc.
(ENVA) is the more profitable company, earning 9. 8% net margin versus 6. 5% for Pagaya Technologies Ltd. — 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 17. 7% for PGY. 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.
07Is PGY or ENVA more undervalued right now?
On forward earnings alone, Enova International, Inc.
(ENVA) trades at 10. 5x forward P/E versus 12. 5x for Pagaya Technologies Ltd. — 2. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PGY: 101. 6% to $31. 25.
08Which pays a better dividend — PGY or ENVA?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is PGY or ENVA better for a retirement portfolio?
For long-horizon retirement investors, Enova International, Inc.
(ENVA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Pagaya Technologies Ltd. (PGY) carries a higher beta of 3. 36 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ENVA: +20. 3%, PGY: -87. 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.
10What are the main differences between PGY and ENVA?
These companies operate in different sectors (PGY (Technology) and ENVA (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
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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Revenue Growth>
%
(PGY: 12.5% · ENVA: 18.6%)Net Margin>
%
(PGY: 7.6% · ENVA: 9.8%)P/E Ratio<
x
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