World Acceptance Corporation (WRLD) 10-Year Financial Performance & Capital Metrics

WRLD • • Banking & Credit

Financial ServicesCredit ServicesConsumer Lending & Credit CardsPersonal Installment Lenders

AboutWorld Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services. In addition, the company markets and sells credit life, credit accident and health, credit property and auto, unemployment, and accidental death and dismemberment insurance in connection with its loans. It serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses, and credit card lenders. As of March 31, 2022, it operated 1,167 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. World Acceptance Corporation was founded in 1962 and is headquartered in Greenville, South Carolina.Show more

Net Interest Income $422M +0.5%
Total Revenue $565M -1.5%
Net Income $90M +16.0%
Return on Equity 20.78% +8.7%
Net Interest Margin 41.92% +5.4%
Efficiency Ratio 41.98% -10.4%
ROA 8.7% +22.2%
Equity / Assets 43.62% +8.6%
Book Value per Share 79.80 +10.2%
Tangible BV/Share 77.12 +11.4%
Debt/Equity 1.20 -12.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 26.1%
✓Strong Piotroski F-Score: 9/9
✓Strong NIM of 41.9%
✓Efficient operations: 42.0% efficiency ratio
✓Well capitalized: 43.6% equity/assets
✓Good 3Y average ROE of 15.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.77%

5Y-0.87%

3Y-1.17%

TTM-

Profit (Net Income) CAGR

10Y-2.09%

5Y26.09%

3Y18.51%

TTM-31.9%

EPS CAGR

10Y3.2%

5Y35.72%

3Y24.39%

TTM-28.03%

ROCE

10Y Avg10.46%

5Y Avg9.3%

3Y Avg9.45%

Latest16.3%

Peer Comparison

Personal Installment Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ENVAEnova International, Inc.	3.9B	157.66	21.22	25.51%	7.88%	22.83%	38.36%	3.00
FOAFinance Of America Companies Inc.	192.23M	24.36	20.64	24.25%	0.79%	1.65%		90.98
OMFOneMain Holdings, Inc.	7.81B	66.37	15.65	7.98%	8.9%	20.87%	34.54%	6.72
ATLCAtlanticus Holdings Corporation	905.01M	59.77	12.53	13.46%	8.49%	20.24%	51.67%	5.12
RMRegional Management Corp.	372.97M	38.40	9.28	6.73%	7.01%	11.14%	70.75%	4.24
WRLDWorld Acceptance Corporation	719.24M	142.76	8.76	-1.46%	15.89%	15.61%	34.83%	1.20
MFINMedallion Financial Corp.	235.59M	10.12	6.66	14.65%	12.3%	8.96%	49.03%	0.66
OPRTOportun Financial Corporation	223.29M	5.06	-2.59	15.93%	-14.75%	7.97%	100%	7.98

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Net Interest Income+	468.28M	406.37M	416.61M	451.22M	482.43M	425.41M	452.24M	457.87M	420.3M	422.38M
NII Growth %	-0.07%	-0.13%	0.03%	0.08%	0.07%	-0.12%	0.06%	0.01%	-0.08%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	495.13M	427.87M	435.7M	469.15M	508.33M	451.11M	485.67M	508.34M	468.53M	465.09M
Interest Expense	26.85M	21.5M	19.09M	17.93M	25.9M	25.7M	33.42M	50.46M	48.23M	42.71M
Loan Loss Provision	123.6M	119.1M	117.62M	148.43M	181.73M	86.24M	186.21M	259.46M	156.97M	126.5M
Non-Interest Income+	62.34M	62.95M	66.97M	75.39M	81.7M	76.88M	99.52M	108.21M	104.69M	99.75M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	557.48M	490.82M	502.67M	544.54M	590.03M	527.99M	585.19M	616.55M	573.21M	564.84M
Revenue Growth %	-0.09%	-0.12%	0.02%	0.08%	0.08%	-0.11%	0.11%	0.05%	-0.07%	-0.01%
Non-Interest Expense	269.14M	244.27M	269.11M	288.3M	347.49M	304.64M	299.98M	279.47M	268.6M	237.12M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	137.89M	105.95M	96.85M	89.88M	34.91M	111.4M	65.58M	27.15M	99.41M	158.5M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.22%	-0.23%	-0.09%	-0.07%	-0.61%	2.19%	-0.41%	-0.59%	2.66%	0.59%
Pretax Income+	137.89M	105.95M	96.85M	89.88M	34.91M	111.4M	65.58M	27.15M	99.41M	111.98M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	50.49M	38.16M	47.76M	15.98M	6.75M	23.12M	11.66M	5.91M	22.06M	22.24M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	87.4M	73.6M	53.69M	37.24M	28.16M	88.28M	53.92M	21.23M	77.35M	89.74M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.21%	-0.16%	-0.27%	-0.31%	-0.24%	2.14%	-0.39%	-0.61%	2.64%	0.16%
Net Income (Continuing)	87.4M	67.79M	49.09M	73.9M	28.16M	88.28M	53.92M	21.23M	77.35M	89.74M
EPS (Diluted)+	10.05	8.38	5.99	4.01	3.54	13.23	8.47	3.60	13.19	16.30
EPS Growth %	-0.16%	-0.17%	-0.29%	-0.33%	-0.12%	2.74%	-0.36%	-0.57%	2.66%	0.24%
EPS (Basic)	10.12	8.45	6.11	4.01	3.66	13.59	8.88	3.69	13.45	16.54
Diluted Shares Outstanding	8.81M	8.78M	8.96M	9.2M	7.95M	6.67M	6.36M	5.9M	5.86M	5.51M

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	12.38M	15.2M	12.47M	9.34M	11.62M	15.75M	19.24M	16.51M	11.84M	9.73M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	706.74M	695.7M	758.63M	755.62M	808.39M	734.8M	985.52M	887.79M	847.44M	0
Investments Growth %	-0.05%	-0.02%	0.09%	-0%	0.07%	-0.09%	0.34%	-0.1%	-0.05%	-1%
Long-Term Investments	706.74M	695.7M	758.63M	755.62M	808.39M	734.8M	985.52M	887.79M	847.44M	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	6.12M	6.07M	7.03M	7.03M	7.37M	7.37M	7.37M	7.37M	7.37M	7.37M
Intangible Assets	2.92M	6.61M	6.64M	15.34M	24.45M	23.54M	19.76M	15.29M	11.07M	7.39M
PP&E (Net)	25.3M	24.18M	22.79M	25.42M	126.45M	116.4M	110.72M	105.22M	102.4M	96M
Other Assets	14.64M	13.8M	13.24M	18.4M	28.55M	31.42M	35.9M	43.42M	42.2M	74.16M
Total Current Assets	12.38M	15.2M	12.47M	9.34M	11.62M	15.75M	19.24M	16.51M	14.93M	822.7M
Total Non-Current Assets	793.84M	785.39M	828.51M	845.65M	1.02B	938.52M	1.2B	1.1B	1.04B	184.93M
Total Assets+	806.22M	800.59M	840.99M	854.99M	1.03B	954.27M	1.22B	1.12B	1.06B	1.01B
Asset Growth %	-0.07%	-0.01%	0.05%	0.02%	0.2%	-0.07%	0.28%	-0.08%	-0.05%	-0.05%
Return on Assets (ROA)	0.1%	0.09%	0.07%	0.04%	0.03%	0.09%	0.05%	0.02%	0.07%	0.09%
Accounts Payable	31.37M	31.87M	33.5M	39.38M	59.3M	41.04M	58.04M	50.56M	53.97M	37.07M
Total Debt+	374.69M	295.14M	244.9M	251.94M	553.86M	496.73M	779.85M	679M	577.95M	525.56M
Net Debt	362.31M	279.94M	232.43M	242.6M	542.24M	480.98M	760.61M	662.49M	566.11M	515.83M
Long-Term Debt	374.69M	295.14M	244.9M	251.94M	451.1M	405.01M	692.37M	595.26M	496.03M	446.87M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	8.26M	12.52M	21.48M	11.55M	4.97M	11.58M	7.38M	2.53M	0	0
Total Current Liabilities	31.37M	31.87M	33.5M	39.38M	59.3M	41.04M	58.04M	50.56M	53.97M	65.55M
Total Non-Current Liabilities	382.94M	307.66M	266.38M	263.49M	558.82M	508.3M	787.23M	681.53M	577.95M	502.6M
Total Liabilities	414.32M	339.53M	299.88M	302.87M	618.12M	549.34M	845.27M	732.09M	631.92M	568.15M
Total Equity+	391.9M	461.06M	541.11M	552.12M	411.96M	404.93M	373.02M	385.23M	424.43M	439.48M
Equity Growth %	0.24%	0.18%	0.17%	0.02%	-0.25%	-0.02%	-0.08%	0.03%	0.1%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.25%	0.17%	0.11%	0.07%	0.06%	0.22%	0.14%	0.06%	0.19%	0.21%
Book Value per Share	44.47	52.49	60.40	59.99	51.80	60.69	58.61	65.30	72.40	79.80
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	0	0	0	0	0	0	0	0
Additional Paid-in Capital	138.84M	144.24M	175.89M	198.13M	227.21M	255.59M	280.91M	288.07M	286.43M	266.43M
Retained Earnings	276M	344.61M	391.28M	353.99M	184.75M	149.34M	92.12M	97.15M	137.99M	173.05M
Accumulated OCI	-22.93M	-27.78M	-26.06M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	206.07M	219.36M	218.03M	244.66M	280.98M	226.95M	272.45M	291.55M	265.78M	254.16M
Operating CF Growth %	-0.15%	0.06%	-0.01%	0.12%	0.15%	-0.19%	0.2%	0.07%	-0.09%	-0.04%
Net Income	87.4M	73.6M	53.69M	37.23M	28.16M	88.28M	53.92M	21.23M	77.34M	89.74M
Depreciation & Amortization	7.03M	7.41M	8.33M	8.14M	12.16M	12.42M	11.67M	10.91M	10.89M	10.13M
Deferred Taxes	-785K	-894K	8.79M	-3.66M	1.44M	7.39M	-10.88M	-2.1M	10.74M	-2.35M
Other Non-Cash Items	126.29M	130.57M	132.06M	187.49M	205.9M	115.46M	195.53M	273.94M	169.79M	184.04M
Working Capital Changes	-7.51M	3.87M	9.73M	-2.18M	4.37M	-15.88M	4.62M	-21.48M	-1.29M	-7.71M
Cash from Investing+	-101.89M	-131.61M	-169.81M	-206.97M	-279.09M	-82M	-451.89M	-180.58M	-135.14M	-152.75M
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-92.1K	-20.84M	-15.59M	37.49M	0	0	0	-22.6M	-1.63M	-18.4M
Other Investing	-93.06M	-99.83M	-143.06M	-234.66M	-267.81M	-70.31M	-445.82M	-152.15M	-127.58M	-130.67M
Cash from Financing+	-128.64M	-84.15M	-31.46M	-63.12M	394.49K	-140.83M	182.93M	-113.7M	-135.31M	-103.52M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-5M	-4.61M	-74.52M	-197.4M	-102.45M	-111.14M	-14.31M	-36.2M	-54.2M
Stock Issued	3.25M	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K
Other Financing	78K	395K	-1.94M	-1.64M	-854.63K	8.31M	2.61M	-1.89M	-575K	-367K
Net Change in Cash+	-25.96M	2.82M	16.89M	-22.75M	2.28M	4.13M	3.49M	-2.73M	-4.67M	-2.11M
Exchange Rate Effect	-1000K	-775K	132.43K	1000K	0	0	0	0	0	0
Cash at Beginning	38.34M	12.38M	15.2M	32.09M	9.34M	11.62M	15.75M	19.24M	16.51M	11.84M
Cash at End	12.38M	15.2M	32.09M	9.34M	11.62M	15.75M	19.24M	16.51M	11.84M	9.73M
Interest Paid	23.81M	19.25M	17.7M	16.84M	23.94M	24.99M	21.32M	51.76M	48.84M	44.69M
Income Taxes Paid	62.53M	38.04M	38.74M	23.26M	15.71M	14.86M	30.94M	10.78M	8.95M	3.65M
Free Cash Flow+	197.33M	208.42M	206.87M	224.64M	255.24M	215.27M	266.38M	285.73M	259.85M	250.48M
FCF Growth %	-0.15%	0.06%	-0.01%	0.09%	0.14%	-0.16%	0.24%	0.07%	-0.09%	-0.04%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	24.71%	17.26%	10.71%	6.81%	5.84%	21.61%	13.86%	5.6%	19.11%	20.78%
Return on Assets (ROA)	10.45%	9.16%	6.54%	4.39%	2.99%	8.9%	4.96%	1.82%	7.12%	8.7%
Net Interest Margin	58.08%	50.76%	49.54%	52.78%	46.83%	44.58%	37.12%	40.98%	39.79%	41.92%
Efficiency Ratio	48.28%	49.77%	53.54%	52.94%	58.89%	57.7%	51.26%	45.33%	46.86%	41.98%
Equity / Assets	48.61%	57.59%	64.34%	64.58%	39.99%	42.43%	30.62%	34.48%	40.18%	43.62%
Book Value / Share	44.47	52.49	60.4	59.99	51.8	60.69	58.61	65.3	72.4	79.8
NII Growth	-6.53%	-13.22%	2.52%	8.31%	6.92%	-11.82%	6.31%	1.25%	-8.21%	0.5%

Revenue by Geography

	2015	2016	2017	2018
UNITED STATES	-	-	490.82M	502.67M
UNITED STATES Growth	-	-	-	2.41%
MEXICO	52.4M	42.2M	40.91M	46.04M
MEXICO Growth	-	-19.47%	-3.05%	12.53%

Frequently Asked Questions

Valuation & Price

World Acceptance Corporation (WRLD) has a price-to-earnings (P/E) ratio of 8.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

World Acceptance Corporation (WRLD) saw revenue decline by 1.5% over the past year.

Yes, World Acceptance Corporation (WRLD) is profitable, generating $57.1M in net income for fiscal year 2025 (15.9% net margin).

Dividend & Returns

World Acceptance Corporation (WRLD) has a return on equity (ROE) of 20.8%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

World Acceptance Corporation (WRLD) has a net interest margin (NIM) of 41.9%. This indicates healthy earnings from lending activities.

World Acceptance Corporation (WRLD) has an efficiency ratio of 42.0%. This is excellent, indicating strong cost control.

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