Encore Capital Group, Inc. (ECPG) vs Merchants Bancorp (MBIN)
A side-by-side comparison of Encore Capital Group, Inc. and Merchants Bancorp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — ECPG vs MBIN
growth of $100 · dividends reinvested · last 9yECPG vs MBIN: by the numbers
- •MBIN is the larger company ($2.30B vs $2.10B market cap).
- •ECPG trades at the lower trailing earnings multiple (7.41 vs 10.04 P/E), one valuation lens rather than an overall verdict.
- •MBIN converts more revenue to profit (20.51% vs 15.88% net margin).
- •MBIN grew revenue faster over the past five years (23.60% vs 3.09% CAGR).
- •MBIN pays a dividend (0.86% yield), while ECPG has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ECPG | MBIN |
|---|---|---|
| P/E ratio | 7.41 | 10.04 |
| Forward P/E | 7.24 | 8.97 |
| PEG ratio | 0.72 | N/A |
| P/S ratio | 1.11 | 1.75 |
| P/B ratio | 1.95 | 1.25 |
Profitability
| Metric | ECPG | MBIN |
|---|---|---|
| Operating margin | 37.73% | 21.15% |
| Net margin | 15.88% | 20.51% |
| ROE | 27.96% | 11.22% |
Encore Capital Group, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | ECPG | MBIN |
|---|---|---|
| Dividend yield | N/A | 0.86% |
| Payout ratio | N/A | 8.63% |
Growth (annualized)
| Metric | ECPG | MBIN |
|---|---|---|
| Revenue CAGR (5Y) | 3.09% | 23.60% |
| EPS CAGR (5Y) | 10.39% | -0.37% |
| Total return CAGR (5Y) | 14.44% | 13.50% |
Frequently asked
- Which has the lower trailing P/E, ECPG or MBIN?
- ECPG has the lower trailing P/E: ECPG trades at 7.41 and MBIN at 10.04. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ECPG or MBIN?
- Over the past five years, MBIN grew revenue faster — ECPG at a 3.09% CAGR versus MBIN at 23.60%.
- Does ECPG or MBIN pay a bigger dividend?
- MBIN pays a dividend (0.86% yield), while ECPG has no payments in the available dividend history.
- Is ECPG or MBIN more profitable?
- MBIN runs the higher net margin — ECPG at 15.88% versus MBIN at 20.51%.
- How have ECPG and MBIN total returns compared?
- Over the past 5 years, ECPG delivered 14.44% and MBIN delivered 13.50% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Encore Capital & Merchants Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.