| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 66 | 16.3x | 17.8x | Around median | |
Growth | 89 | 28.6% | 7.1% | Top tier | |
Quality | 82 | — | — | Top tier | |
Safety | 68 | — | — | Top tier | |
Capital Return | 22 | — | 2.12% | Bottom tier | |
Momentum | 90 | 68.8% | 2.9% | Top tier | |
Sentiment | 35 | 4 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EZCORP operates a network of pawn stores that meet short-term liquidity needs against collateral including jewelry, gold, and general merchandise, then generates revenue from pawn service charges PSC, the sale of pre-owned merchandise, and the sale of scrap gold. In the third quarter of fiscal 2026, pawn loans outstanding PLO reached a record $382 million, while merchandise sales reached $203.5 million, pawn service charges reached $149.1 million, and scrap gold sales reached $55.7 million according to adjusted operating figures. The company also benefits from expanding its store network and acquisitions, including SMG, which became wholly owned in July 2026 and operates La Familia and CashWiz stores.
According to EDGAR filings, EZCORP recorded revenue of $418.7 million, gross profit of $246.2 million, and net income of $38.2 million in the third quarter of fiscal 2026, with earnings per share of $0.48. These results equate to a gross profit margin of approximately 58.8% and a net income margin of approximately 9.1%. Compared with the second quarter of fiscal 2026, revenue declined from $446.9 million and net income declined from $49.1 million, despite performance remaining above the fiscal 2025 total on a twelve-month basis ending in fiscal 2026, when revenue reached $1.5 billion and net income reached $146.6 million.
On the adjusted operating basis presented during the August 6, 2026 call, revenue reached $408.4 million and gross profit increased 31% to $240.3 million, while adjusted earnings before interest, taxes, depreciation, and amortization increased 48% to $65.6 million and its margin expanded 190 basis points to 16%. The U.S. pawn segment accounted for approximately 61.5% of adjusted operating revenue, with revenue of $251.2 million, Latin America generated $114.1 million, or approximately 27.9%, and SMG added $43.1 million, or approximately 10.6%. In Latin America, where the company presented its growth results on a constant-currency basis, segment earnings before interest, taxes, depreciation, and amortization increased 40% to $25.4 million and its margin expanded 240 basis points to 22%.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $43, within a range of $40 to $45, with a consensus rating of Buy. The average is approximately 15.8% above the 52-week range high of $37.13, so achieving it assumes that the stock surpasses its annual high, supported by continued PLO growth and successful SMG integration, while normalization of the scrap margin and the decline in EDGAR results between the second and third quarters of fiscal 2026 could limit the rerating. The wide 52-week range between $16.31 and $37.13 demonstrates the valuation's sensitivity to changes in growth expectations and the quality of core earnings compared with scrap profits.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
The most important driver was pawn loan growth, as PLO ended the quarter at a record $382 million, up 31%. This led pawn service charges PSC to increase 29% to $149.1 million, while total core pawn profit increased 28%. The company emphasized that core operations and new stores, rather than scrap gold, drove most of the increase in earnings before interest, taxes, depreciation, and amortization.
EZCORP ended the third quarter of fiscal 2026 with 881 stores in four Latin American countries, and segment revenue reached $114.1 million. PLO increased 33% to $93.7 million, total core pawn profit grew 31%, and the merchandise margin expanded to 36%. The company also acquired 33 stores in Guatemala in April 2026 and opened nine new greenfield stores during the quarter in Mexico, Guatemala, and Honduras.
EZCORP prices gold loans based on medium-term prices, including a rolling view of approximately three months, instead of adjusting lending according to daily movements. Gold's largest impact appears in the scrap business, where sales reached $55.7 million and gross profit reached $14.5 million in the third quarter of fiscal 2026. The scrap margin declined to 26% from 38% in the second quarter, and management expects it to approach 15% to 20% if gold prices remain stable.
SMG ended the third quarter of fiscal 2026 with 108 stores in 12 countries under the La Familia and CashWiz brands and became wholly owned by EZCORP in July 2026. During the quarter, it generated revenue of $43.1 million, including $17.1 million from merchandise sales, $14.3 million from PSC, and $11.7 million from scrap gold sales. EZCORP plans to migrate SMG to its point-of-sale system and Workday, and management estimated during the August 6, 2026 call that the principal integration work would take approximately one year.
The company ended the third quarter of fiscal 2026 with cash liquidity of $311 million. Its first debt maturity does not occur before December 2029, when $230 million of convertible notes mature, followed by $300 million of senior notes in April 2032. The company allocated capital to PLO growth, store openings, acquisitions, and share repurchases, and had used $8 million of a $50 million repurchase program by the end of the quarter.
Consolidated net inventory reached $312.5 million in the third quarter of fiscal 2026, up 39%, with turnover of 2.3 times. Aged general merchandise declined to 1.3% of total general merchandise inventory, and in the United States it was 1.9%, or only $0.7 million. The company typically converts unsold jewelry into scrap gold after approximately 12 months, but it prefers to keep jewelry displays fully stocked and sell it at retail margins whenever possible.
