Atlanticus Holdings Corporation (ATLC) Financial Ratios
28 years of historical data (1998–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↑
41.80
↑+96% vs avg
5yr avg: 21.34
30Y Low4.3·High42.5
P/FCF
↓
1.85
↓-37% vs avg
5yr avg: 2.92
30Y Low0.5·High28.3
P/B Ratio
↓
2.49
-3% vs avg
5yr avg: 2.58
30Y Low0.3·High42.2
ROE
↓
22.4%
↑-49% vs avg
5yr avg: 43.7%
30Y Low-174%·High245%
Debt/EBITDA
↑
38.57
↑+115% vs avg
5yr avg: 17.90
30Y Low0.5·High38.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ATLC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Atlanticus Holdings Corporation trades at 13.1x earnings, 43% above its 5-year average of 9.2x, sitting at the 70th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.1x. On a free-cash-flow basis, the stock trades at 1.8x P/FCF, 37% below the 5-year average of 2.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.3B | $1.0B | $730M | $508M | $1.5B | $495M | $138M | $51M | $33M | $40M |
| Enterprise Value | $7.1B | $7.2B | $3.2B | $2.4B | $1.9B | $2.5B | $1.2B | $802M | $489M | $329M | $217M |
| P/E Ratio → | 13.14 | 11.23 | 11.69 | 9.12 | 4.49 | 9.43 | 6.24 | 5.43 | 6.50 | — | — |
| P/S Ratio | 1.66 | 1.82 | 2.28 | 2.00 | 1.36 | 3.28 | 1.26 | 0.34 | 0.27 | 0.33 | 0.52 |
| P/B Ratio | 2.49 | 2.13 | 2.14 | 1.86 | 1.56 | 5.18 | 6.47 | 410.78 | — | — | 6.85 |
| P/FCF | 1.85 | 2.03 | 2.24 | 1.60 | 1.49 | 7.26 | 2.34 | 1.38 | 1.23 | — | 1.02 |
| P/OCF | 1.83 | 2.01 | 2.23 | 1.59 | 1.47 | 7.02 | 2.33 | 1.38 | 1.19 | — | 1.01 |
P/E links to full P/E history page with 30-year chart
ATLC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Atlanticus Holdings Corporation's enterprise value stands at 41.8x EBITDA, 96% above its 5-year average of 21.3x. The Financial Services sector median is 11.5x, placing the stock at a 264% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.23 | 6.92 | 6.61 | 5.18 | 5.52 | 3.17 | 1.97 | 2.54 | 3.27 | 2.86 |
| EV / EBITDA | 41.80 | 42.49 | 22.11 | 18.23 | 12.59 | 11.29 | 10.14 | 20.32 | 109.33 | — | — |
| EV / EBIT | 44.39 | 45.12 | 22.94 | 18.80 | 13.00 | 11.42 | 10.85 | 25.24 | 140.32 | — | — |
| EV / FCF | — | 11.39 | 6.80 | 5.31 | 5.69 | 12.21 | 5.85 | 8.04 | 11.78 | — | 5.62 |
ATLC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Atlanticus Holdings Corporation earns an operating margin of 22.7%, roughly in line with the Financial Services sector average. Operating margins have compressed from 35.2% to 22.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 22.4% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 2.4% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.3% | 56.3% | 61.6% | 69.5% | 77.8% | 80.0% | 50.4% | 26.7% | 28.3% | 4.5% | 31.7% |
| Operating Margin | 22.7% | 22.7% | 30.2% | 35.2% | 39.9% | 48.4% | 29.2% | 7.8% | 1.8% | -47.1% | -16.3% |
| Net Profit Margin | 17.3% | 17.3% | 24.2% | 28.1% | 36.2% | 39.2% | 24.0% | 6.5% | 4.1% | -40.6% | -8.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.4% | 22.4% | 25.2% | 28.7% | 44.3% | 97.7% | 245.0% | 7893.4% | — | — | -75.7% |
| ROA | 2.2% | 2.2% | 3.7% | 4.0% | 6.3% | 11.3% | 8.8% | 3.5% | 1.6% | -10.3% | -2.0% |
| ROIC | 2.4% | 2.4% | 3.8% | 4.2% | 5.8% | 12.1% | 9.5% | 3.7% | 0.7% | -12.6% | -4.0% |
| ROCE | 3.1% | 3.1% | 4.7% | 5.2% | 7.0% | 14.3% | 11.1% | 4.6% | 0.9% | -18.9% | -6.7% |
ATLC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Atlanticus Holdings Corporation carries a Debt/EBITDA ratio of 38.6x, which is highly leveraged (831% above the sector average of 4.1x). Net debt stands at $5.9B ($6.5B total debt minus $621M cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 10.84 | 10.84 | 5.12 | 5.16 | 5.59 | 4.96 | 12.07 | 2386.50 | — | — | 44.01 |
| Debt / EBITDA | 38.57 | 38.57 | 17.43 | 15.28 | 11.79 | 6.42 | 7.55 | 20.26 | 111.60 | — | — |
| Net Debt / Equity | — | 9.81 | 4.35 | 4.30 | 4.41 | 3.54 | 9.74 | 1982.39 | — | — | 30.76 |
| Net Debt / EBITDA | 34.91 | 34.91 | 14.81 | 12.72 | 9.30 | 4.58 | 6.09 | 16.83 | 97.93 | — | — |
| Debt / FCF | — | 9.36 | 4.55 | 3.71 | 4.20 | 4.95 | 3.52 | 6.66 | 10.55 | — | 4.60 |
| Interest Coverage | 0.53 | 0.53 | 0.87 | 1.18 | 1.82 | 4.06 | 2.22 | 0.63 | 0.09 | -1.71 | -0.61 |
ATLC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.76x means Atlanticus Holdings Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 5.51x to 1.76x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.76 | 1.76 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 |
| Quick Ratio | 1.76 | 1.76 | 5.21 | 5.51 | 9.30 | 10.06 | 4.63 | 3.62 | 4.69 | 3.36 | 1.93 |
| Cash Ratio | 1.42 | 1.42 | 5.21 | 5.51 | 8.68 | 9.69 | 4.27 | 3.25 | 0.58 | 0.36 | 0.44 |
| Asset Turnover | — | 0.09 | 0.14 | 0.14 | 0.16 | 0.23 | 0.32 | 0.44 | 0.33 | 0.24 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ATLC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Atlanticus Holdings Corporation returns 6.8% to shareholders annually — split between a 0.8% dividend yield and 6.0% buyback yield. The earnings yield of 7.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.0% | 2.5% | 3.4% | 4.9% | 1.5% | 2.7% | — | — | — | — |
| Payout Ratio | — | — | 23.1% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 8.9% | 8.6% | 11.0% | 22.3% | 10.6% | 16.0% | 18.4% | 15.4% | — | — |
| FCF Yield | 54.2% | 49.3% | 44.6% | 62.4% | 67.2% | 13.8% | 42.8% | 72.5% | 81.4% | — | 97.7% |
| Buyback Yield | 6.0% | 5.4% | 5.0% | 2.4% | 17.5% | 1.7% | 0.7% | 1.8% | 1.4% | 1.2% | 2.4% |
| Total Shareholder Yield | 6.8% | 6.4% | 7.5% | 5.8% | 22.4% | 3.2% | 3.4% | 1.8% | 1.4% | 1.2% | 2.4% |
| Shares Outstanding | — | $19M | $19M | $19M | $19M | $21M | $20M | $15M | $14M | $14M | $14M |
Peer Comparison
Compare ATLC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ATLCYou | $1B | 13.1 | 41.8 | 1.8 | 56.3% | 22.7% | 22.4% | 2.4% | 38.6 |
 CACC | $5B | 13.9 | 10.0 | 5.2 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 OMF | $7B | 8.5 | 22.0 | 2.1 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
 ENVA | $4B | 14.9 | 11.3 | 2.4 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 WRLD | $753M | 9.2 | 7.5 | 3.0 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
 PRAA | $803M | -2.7 | 1.7 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 SLM | $4B | 6.5 | 6.1 | 7.8 | 53.1% | 31.9% | 32.3% | 8.8% | 5.9 |
 COF | $119B | 47.8 | 15.0 | 4.6 | 47.3% | 3.3% | 2.8% | 1.3% | 6.8 |
 SYF | $26B | 8.0 | 5.0 | 2.6 | 51.0% | 24.2% | 21.3% | 10.8% | 3.0 |
 ALLY | $14B | 18.5 | 12.8 | — | 52.0% | 8.6% | 5.8% | 2.2% | 11.1 |
 NAVI | $826M | -10.9 | 17.8 | 1.9 | 87.0% | 77.1% | -3.2% | 3.8% | 18.3 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
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Start ComparisonATLC — Frequently Asked Questions
Quick answers to the most common questions about buying ATLC stock.
What is Atlanticus Holdings Corporation's P/E ratio?
Atlanticus Holdings Corporation's current P/E ratio is 13.1x. The historical average is 27.9x. This places it at the 70th percentile of its historical range.
What is Atlanticus Holdings Corporation's EV/EBITDA?
Atlanticus Holdings Corporation's current EV/EBITDA is 41.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is Atlanticus Holdings Corporation's ROE?
Atlanticus Holdings Corporation's return on equity (ROE) is 22.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 25.4%.
Is ATLC stock overvalued?
Based on historical data, Atlanticus Holdings Corporation is trading at a P/E of 13.1x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Atlanticus Holdings Corporation's dividend yield?
Atlanticus Holdings Corporation's current dividend yield is 0.83%.
What are Atlanticus Holdings Corporation's profit margins?
Atlanticus Holdings Corporation has 56.3% gross margin and 22.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Atlanticus Holdings Corporation have?
Atlanticus Holdings Corporation's Debt/EBITDA ratio is 38.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.