EZCORP vs PROG
PROG reported revenue of $2.4 billion in fiscal 2025, 1.9 times EZCORP's $1.3 billion in fiscal 2025. EZCORP's revenue grew 9.7% in its latest year, and PROG's grew 0.4%. EZCORP had an operating margin of 11.7%, against 8.6% at PROG. Free cash flow was $110 million at EZCORP and $325 million at PROG. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| EZCORP | PROG | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.3B | $2.4B |
| Revenue growth | 9.7% | 0.4% |
| Revenue growth a year, last 5 years | 9.1% | −0.6% |
| Gross margin | 58.5% | — |
| Operating margin | 11.7% | 8.6% |
| Net margin | 8.6% | 6.1% |
| Free cash flow | $110M | $325M |
| Free cash flow margin | 8.7% | 13.5% |
| Return on capital | 10.9% | 13.2% |
| Net debt to EBITDA | 0.3x | 1.2x |
| Dividends and buybacks | $7M | $73M |
| Change in diluted share count | −1.3% | −6.2% |
| Last close | $28.55 | $37.71 |
| P/E at the last close | 14.4× | 10.2× |
| Insider trades, last 12 months | sold $5.5 million | sold $183,060 |
| Piotroski F-score | 7 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EZCORPPROG
Operating margin
Percent of revenue
EZCORPPROG
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EZCORPPROG