MEDIUMBuilt-inGeographic
United States and United Kingdom
“10-K Item 1: 'portfolio purchasing and recovery in the United States ... in Europe and the United Kingdom. These are our primary operations'”
ECPG · Concentration risk · 10-K extracted
Encore Capital Group (ECPG) concentration risks
Updated
The most significant concentration Encore Capital Group discloses is United States and United Kingdom, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Encore Capital Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
few large sellers
“10-K Item 1A: 'A significant percentage of our portfolio purchases for any given fiscal quarter or year may be concentrated with a few large sellers'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a moderate geographic footprint and a moderate portfolio-purchase supplier dependency, both structural or dependency in character. The company's primary operations are concentrated in the United States and United Kingdom for portfolio purchasing and recovery, a moderate-share structural exposure. Operating in two primary markets reflects the company's deliberate geographic strategy as a debt purchaser, and the structural character indicates the exposure is inherent to the business model rather than a reliance on a specific named counterparty in those markets. On the supply side, a significant percentage of portfolio purchases for any given fiscal quarter or year may be concentrated with a few large sellers, a moderate-share dependency exposure. The episodic nature of this concentration — varying by quarter and year — introduces variability in the source of purchased portfolios and creates potential for outsized reliance on a small number of financial institutions or creditors in any given period. A reduction in portfolio availability from those sellers, a pricing increase on supply, or a seller's decision to retain or work out its own charged-off receivables would reduce the company's ability to deploy capital at target returns. Together, the geographic and supply-side exposures create a profile where both the markets in which the company operates and the counterparties from which it sources assets are relatively concentrated. On balance, the primary watchpoints are seller availability and pricing dynamics in the U.S. and U.K. charged-off receivables markets, alongside any regulatory changes affecting debt collection in either jurisdiction.
For the engine’s reasoning on ECPG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AGM-A | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| AXP | American Express Company | 0 | 3 | 1 | 4 |
| ECPG● | Encore Capital Group Inc | 0 | 2 | 0 | 2 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.