Jefferson Capital, Inc.

JCAP

Financial ServicesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Jefferson Capital, Inc. provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America. It primarily purchases portfolios of previously charged-off consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. The company offers consumer receivables, including credit card, secured and unsecured automotive, utilities, telecom, and other receivables. It also provides debt servicing and other portfolio management services to credit originators for nonperforming loans. Jefferson Capital, Inc. was founded in 2002 and is headquartered in Minneapolis, Minnesota.

Valuation

Market Cap$889M

Current Price$17.21as of Jun 23, 2026

P/E Ratio4.73

P/B Ratio1.87

EV / EBITDA10.24

EV / Sales3.71

Profitability

Operating Margin35.4%

Net Profit Margin30.6%

EBITDA Margin36.2%

Returns

ROE39.5%

ROCE12.3%

ROIC %10.0%

ROA9.0%

Solvency

Current Ratio6.12

Debt / Equity2.96

Debt / Assets0.68

CFO / Net Profit1.43

Price History▼ 7.17% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$613M▲ 41.5%

EBITDA$222M▲ 48.2%

Net Profit$188M▲ 45.8%

Cash from Ops (CFO)$269M▲ 59.8%

Free Cash Flow (FCF)$268M▲ 65.3%

Revenue CAGR 3Y-

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$613M	$222M	$188M	$268M	39.5%	41.5%	45.8%
2024	$433M	$150M	$129M	$162M	33.7%	34.1%	15.6%
2023	$323M	$121M	$112M	$119M	40.6%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2023	2024	2025
Total Revenue	323.07	433.34	613.29
Operating Revenue	323.07	433.34	613.29
Cost Of Revenue	183.42	121.10	164.14
Gross Profit	139.65	312.24	449.14
Operating Expense	20.80	164.97	232.21
Selling General And Administration	14.90	104.67	147.40
Total Expenses	204.22	286.07	396.35
Operating Income	118.85	147.27	216.94
Total Operating Income As Reported	164.05	220.27	316.50
EBITDA	121.23	149.88	222.19
Normalized EBITDA	116.58	155.35	214.46
EBIT	118.85	147.27	216.94
Net Interest Income	-2.91	-4.25	-6.22
Other Income Expense	4.64	-5.47	7.72
Net Non Operating Interest Income Expense	-2.91	-4.25	-6.22
Pretax Income	120.58	137.55	218.44
Tax Provision	9.04	8.66	30.47
Tax Rate For Calcs	0	0	0
Tax Effect Of Unusual Items	0.35	-0.34	1.07
Net Income Continuous Operations	111.54	128.89	187.96
Net Income From Continuing And Discontinued Operation	111.52	128.89	187.96
Net Income From Continuing Operation Net Minority Interest	111.52	128.89	187.96
Net Income	111.52	128.89	187.96
Net Income Common Stockholders	111.52	128.89	187.96
Net Income Including Noncontrolling Interests	111.54	128.89	187.96
Normalized Income	107.23	134.02	181.31
Diluted NI Availto Com Stockholders	111.52	128.89	187.96
Basic Average Shares	58.27	58.27	30.02
Diluted Average Shares	58.27	58.27	30.02
Reconciled Depreciation	2.37	2.61	5.25
Reconciled Cost Of Revenue	183.42	121.10	164.14
Total Unusual Items	4.64	-5.47	7.72
Total Unusual Items Excluding Goodwill	4.64	-5.47	7.72
Minority Interests	-0.02	0	0
Special Income Charges	0	-7.70	-
Gain On Sale Of Business	0	-7.70	-
Gain On Sale Of Security	4.64	-5.47	7.72
Depreciation Amortization Depletion Income Statement	2.37	2.61	5.25
Depreciation And Amortization In Income Statement	2.37	2.61	5.25
General And Administrative Expense	14.90	104.67	147.40
Other Gand A	14.90	104.67	147.40
Total Other Finance Cost	2.91	4.25	6.22
Other Operating Expenses	39.40	54.20	77.20
Provision For Doubtful Accounts	3.52	3.50	2.36
Selling And Marketing Expense	8.07	8.80	-

Peer Comparison

Financial Services sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Jefferson Capital, Inc.this co.	JCAP	$889M	4.73↓ discount	1.87	39.5%	10.24
TrustCo Bank Corp NY	TRST	$920M	15.05	1.34	8.9%	-
CNB Financial Corporation	CCNE	$918M	13.89	1.13	8.1%	-
Mercantile Bank Corporation	MBWM	$909M	10.24	1.25	12.2%	-
Central Pacific Financial Corp.	CPF

Learn while you research

Hand-picked academy chapters to deepen your understanding of Jefferson Capital, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$613M

$222M

$188M

$268M

39.5%

41.5%

45.8%

2024

$433M

$150M

$129M

$162M

33.7%

34.1%

15.6%

2023

$323M

$121M

$112M

$119M

40.6%

Metric

2023

2024

2025

Total Revenue

323.07

433.34

613.29

Operating Revenue

323.07

433.34

613.29

Cost Of Revenue

183.42

121.10

164.14

Gross Profit

139.65

312.24

449.14

Operating Expense

20.80

164.97

232.21

Selling General And Administration

14.90

104.67

147.40

Total Expenses

204.22

286.07

396.35

Operating Income

118.85

147.27

216.94

Total Operating Income As Reported

164.05

220.27

316.50

EBITDA

121.23

149.88

222.19

Normalized EBITDA

116.58

155.35

214.46

EBIT

118.85

147.27

216.94

Net Interest Income

-2.91

-4.25

-6.22

Other Income Expense

4.64

-5.47

7.72

Net Non Operating Interest Income Expense

-2.91

-4.25

-6.22

Pretax Income

120.58

137.55

218.44

Tax Provision

9.04

8.66

30.47

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.35

-0.34

1.07

Net Income Continuous Operations

111.54

128.89

187.96

Net Income From Continuing And Discontinued Operation

111.52

128.89

187.96

Net Income From Continuing Operation Net Minority Interest

111.52

128.89

187.96

Net Income

111.52

128.89

187.96

Net Income Common Stockholders

111.52

128.89

187.96

Net Income Including Noncontrolling Interests

111.54

128.89

187.96

Normalized Income

107.23

134.02

181.31

Diluted NI Availto Com Stockholders

111.52

128.89

187.96

Basic Average Shares

58.27

30.02

Diluted Average Shares

58.27

30.02

Reconciled Depreciation

2.37

2.61

5.25

Reconciled Cost Of Revenue

183.42

121.10

164.14

Total Unusual Items

4.64

-5.47

7.72

Total Unusual Items Excluding Goodwill

4.64

-5.47

7.72

Minority Interests

-0.02

Special Income Charges

-7.70

Gain On Sale Of Business

-7.70

Gain On Sale Of Security

4.64

-5.47

7.72

Depreciation Amortization Depletion Income Statement

2.37

2.61

5.25

Depreciation And Amortization In Income Statement

2.37

2.61

5.25

General And Administrative Expense

14.90

104.67

147.40

Other Gand A

14.90

104.67

147.40

Total Other Finance Cost

2.91

4.25

6.22

Other Operating Expenses

39.40

54.20

77.20

Provision For Doubtful Accounts

3.52

3.50

2.36

Selling And Marketing Expense

8.07

8.80

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Jefferson Capital, Inc.this co.

JCAP

$889M

4.73↓ discount

1.87

39.5%

10.24

TrustCo Bank Corp NY

TRST

$920M

15.05

1.34

8.9%

CNB Financial Corporation

CCNE

$918M

13.89

1.13

8.1%

Mercantile Bank Corporation

MBWM

$909M

10.24

1.25

12.2%

Central Pacific Financial Corp.

CPF

Jefferson Capital, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Jefferson Capital, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on