Enova International, Inc. (ENVA) Stock

Enova International, Inc. (ENVA) is a Financials stock trading at $237.50 (as of 2026-08-20), with a market capitalization of $5.91B and a trailing P/E of 16.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Enova International, Inc. provides online consumer financing services, including installment loans, line of credit accounts, and receivables purchase agreements, to customers in the United States, Brazil, Australia, and Canada. It also operates CSO and bank program services, such as arranging loans with third-party lenders and supporting loan documentation, under brands including CashNetUSA and NetCredit.

Understand Enova International, Inc.: how it makes money

Enova International provides online financial services, including installment loans, lines of credit, and receivables purchase agreements. It also earns from CSO programs (arranging loans with independent third-party lenders and helping with loan applications and documents) and bank programs, such as marketing services and loan servicing.

Enova’s profit model is funding near-prime consumer and small business lending at scale (tracked through loans and finance receivables and originations), while managing credit losses (tracked through the consolidated net charge-off ratio) and earning revenue from related services like loan servicing and CSO arrangements.

Revenue by segment (latest quarter)
Consumer	$0.5B
SMB	$0.4B

Business quality (Strong): The company’s results appear tightly linked to credit performance and lending scale, with operational KPIs that track both receivable growth and net charge-offs.

Valuation: At 19× earnings, ENVA trades 49% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Diversified financing offering: Enova provides consumer installment loans and line-of-credit accounts, plus small business lending through related receivable structures.
Tracks credit performance with a dedicated operating metric: The consolidated net charge-off ratio is explicitly provided, which helps investors gauge credit risk impact on results.
Service-related revenue streams: Beyond lending products, Enova runs CSO programs and bank programs, including marketing services and loan servicing.

Bear case

Credit losses can pressure profitability: A higher consolidated net charge-off ratio can negatively affect outcomes, since lending performance depends on borrower repayment.
CSO model depends on independent third-party lenders: CSO programs arrange loans with independent third-party lenders, which can introduce dependency on those partners’ willingness and terms.

Valuation — source: SEC EDGAR (first-party)
Price	$237.50
Market Cap	$5.91B
P/E Ratio	16.6
EV / EBITDA	12.5
Price / Book	3.95
Price / Sales	1.72
FCF Yield	33.0%
DCF Value (model)	$156.12
DCF Upside vs Price	-34.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.15B
Net Margin	9.8%
Revenue Growth (YoY)	21.6%
EPS Growth (YoY)	40.2%
FCF Growth (YoY)	21.8%

Valuation vs Sector & Industry
Stock P/E	16.6
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	9.9%
vs Industry	28.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($551.52M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Financials
Industry	Banking
CEO	Steven E. Cunningham
Employees	1,787
Country	US
IPO Date	2014-11-13

Related Companies (Business model: Specialty Finance / Lending; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.