Atlanticus Holdings's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Atlanticus Holdings (ATLC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Atlanticus Holdings vs Its Competitors
- TTM: Trailing 12-month revenue of 2,653M vs 714,252M combined for tracked competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.2% annualized vs trailing 12 months), vs decelerating (-2.3%) for its tracked peer group.
- Growth: Atlanticus Holdings generated 88.8% revenue growth year over year in Q2 2026, vs 15.9% for its tracked competitors combined.
- Profitability: Its 6.7% net margin compares with 28.0% for the peer group.
- Scale: Atlanticus Holdings ranks #17 of 30 companies by market capitalization in the Consumer Financial Services industry, holding 0.4% of industry market cap.
- Peer revenue share: Atlanticus Holdings accounted for 0.4% of combined revenue among its tracked peer group, up from 0.3% a year earlier.
- Peer differentiation: Revenue per employee of $4.61M compares with $0.98M for the peer group (4.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ATLC Sales vs. its Competitors, Q2 2026
Atlanticus Holdings reported revenue growth of 88.84 % year on year in Q2 2026, above its competitors' combined revenue growth of 15.88 %.
With a net margin of 6.68 %, Atlanticus Holdings reported lower profitability than its competitors (28.02 %).
Atlanticus Holdings generated 0.42 % of the combined sales of its peer group, up from 0.26 % a year earlier.
Atlanticus Holdings vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Atlanticus Holdings and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Atlanticus Holdings Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Atlanticus Holdings's competitor groups requires a Commercial License.
For context: the Consumer Financial Services industry grew revenue 9.0% year over year, combined, vs 88.8% for Atlanticus Holdings. Atlanticus Holdings's share of combined industry revenue moved from 1.01% to 1.74%, a gain of 0.74 percentage points.
Atlanticus Holdings's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Atlanticus Holdings Corp | Yes | Yes | Yes | No |
| Competitors combined (27) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ATLC Stock Performance relative to its Competitors
ATLC Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Financial Institutions Inc | 282.9% | Outperformed |
| 2 | Enova International Inc | 282.9% | Outperformed |
| 3 | Apple Inc | 282.9% | Outperformed |
| 4 | Northern Trust Corporation | 282.9% | Outperformed |
| 5 | Comerica Incorporated | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Atlanticus Holdings's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Atlanticus Holdings's Comment on Competition and Industry Peers
Credit and Other Investments Segment. We face substantial competition from other consumer lenders, the intensity of which varies depending upon economic and liquidity cycles. Our point-of-sale and direct-to-consumer finance activities, rent-to-own and credit card businesses compete with national, regional and local bankcard and consumer credit issuers, other general-purpose credit card issuers and retail credit card and merchant credit issuers. Many of these competitors are substantially larger than we are, have significantly greater financial resources than we do and have significantly lower costs of funds than we have.
Auto Finance Segment. Competition within the auto finance sector is widespread
and fragmented. Our auto finance operations target automobile dealers that oftentimes
are not capable of accessing indirect lending from major financial institutions
or captive finance companies. We compete mainly with a handful of national and
regional companies focused on this credit segment (e.g., Credit Acceptance Corporation,
Westlake Financial, Mid-Atlantic Finance, Santander Auto Finance, Western Funding
Inc., and America’s Car-Mart) and a large number of smaller, regional
private companies with a narrow geographic focus. Individual dealers with access
to capital may also compete in this segment through the purchase of receivables
from peer dealers in their markets.
Publicly Traded Peers of Atlanticus Holdings Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Atlanticus Holdings Corp | 1,752.05 | 2,652.98 |
| Apple Inc | 4,979,446.36 | 466,823.00 |
| Bank Of America Corporation | 404,609.27 | 121,098.00 |
| Schwab Charles Corp | 170,943.70 | 26,025.00 |
| Robinhood Markets Inc | 106,211.52 | 4,932.00 |
| Pnc Financial Services Group Inc | 90,642.76 | 25,026.00 |
| SUBTOTAL | 5,994,697.35 | 730,618.74 |
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Sources: Atlanticus Holdings Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Atlanticus Holdings Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Atlanticus Holdings's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Financial Institutions Inc | Named by the company | 85% |
| Apple Inc | Named by the company | 85% |
| Bank Bradesco | Named by the company | 85% |
| Partners Bancorp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Atlanticus Holdings's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Atlanticus Holdings's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Atlanticus Holdings Corp | 1,752 | 4,605,872 | 266,484 |
| Apple Inc | 4,979,446 | 2,812,187 | 776,687 |
| Bank Of America Corporation | 404,609 | 568,535 | 158,005 |
| Schwab Charles Corp | 170,944 | 788,636 | 305,939 |
| Robinhood Markets Inc | 106,212 | 1,700,690 | 720,000 |
| Pnc Financial Services Group Inc | 90,643 | 452,280 | 138,832 |
| PEERS TOTAL | 5,992,945 | 976,183 | 280,682 |
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Atlanticus Holdings's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Freedom Holding Corp | Kazakhstan 83.57 % |
| Enova International Inc | US 97.28 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Atlanticus Holdings's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Atlanticus Holdings Corp | Credit and Other Investments 98.51 % |
| Apple Inc | Americas 41.84 % |
| Schwab Charles Corp | Investor Services 78.17 % |
| Freedom Holding Corp | Brokerage 38.57 % |
| Diebold Nixdorf Incorporated | Banking 68.21 % |
| Lendingtree inc | Insurance 66.77 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Atlanticus Holdings's Position in Industry Market Structure
Market-capitalization share and concentration across all 29 companies in Atlanticus Holdings's industry classification, broader than the peer set above. Market cap in millions of $.Atlanticus Holdings ranks #17 of 29 companies by market capitalization in its industry, holding 0.44 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,784, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | S and p Global Inc | 125,674 | 31.66 % |
| 2 | Moody s Corporation | 80,826 | 20.36 % |
| 3 | Paccar Inc | 58,593 | 14.76 % |
| 4 | Rocket Companies Inc | 33,227 | 8.37 % |
| 5 | Affirm Holdings Inc | 1,234 | 5.2% |
| 6 | Equifax Inc | 1,234 | 5.2% |
| 7 | Transunion | 1,234 | 5.2% |
| 8 | Onemain Holdings Inc | 1,234 | 5.2% |
| 9 | Credit Acceptance Corp | 1,234 | 5.2% |
| 10 | Enova International Inc | 1,234 | 5.2% |
| 17 | Atlanticus Holdings Corp | 1,752 | 0.44 % |
Market cap and industry share for the rest of Atlanticus Holdings's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Atlanticus Holdings's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 12 | Slm Corp | 4,417 | -17.38 % |
| 13 | Bread Financial Holdings Inc | 4,151 | 69.81 % |
| 14 | Pennymac Financial Services inc | 3,453 | -47.11 % |
| 15 | Euronet Worldwide Inc | 2,971 | -26.80 % |
| 16 | Encore Capital Group Inc | 1,234 | 12.3% |
| 17 | Atlanticus Holdings Corp | 1,752 | 41.64 % |
| 18 | Pra Group Inc | 1,234 | 12.3% |
| 19 | World Acceptance Corporation | 1,234 | 12.3% |
| 20 | Plumas Bancorp | 1,234 | 12.3% |
| 21 | Uwm Holdings Corporation | 1,234 | 12.3% |
| 22 | Lesaka Technologies Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Atlanticus Holdings's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Atlanticus Holdings's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Consumer Financial Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (37 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 44.96 % | 63.05 % (avg) | -18.1 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 21.33 % | 30.50 % (avg) | -9.2 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 8.55 % (avg) | -8.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Atlanticus Holdings's Valuation vs Competitive Position
Valuation multiples vs the Consumer Financial Services industry average (37 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 11.4x | 19.3x | -7.9x |
| EV / EBITDA | 9.5x | 11.7x | -2.2x |
| P/B | 2.8x | 2.7x | +0.1x |
| Return on Equity | 24.23 % | industry aggregate | 7.41 % |
| Return on Invested Capital | - | 4.81 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Atlanticus Holdings's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 31.74 % | -44.02 % | 65.20 % | 256.20 % | 32.77 % | 10.41 % | 13.46 % | 50.09 % |
| Operating Margin | 49.24 % | 3.64 % | 20.08 % | 42.64 % | 77.60 % | 80.43 % | 92.81 % | 91.51 % |
| Return on Invested Capital | 25.95 % | 1.04 % | 4.75 % | 25.89 % | 37.37 % | 33.18 % | 36.34 % | 31.86 % |
| P/E | - | 7.2x | 5.5x | 5.4x | 9.0x | 7.9x | 9.4x | 9.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Atlanticus Holdings's BCG Growth-Share Matrix
Relative market share (vs Atlanticus Holdings's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) — a common framework, not a precision instrument.
Atlanticus Holdings falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 6.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Atlanticus Holdings's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,784 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 8.55 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Atlanticus Holdings's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Atlanticus Holdings's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Atlanticus Holdings's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Atlanticus Holdings falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Atlanticus Holdings's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 7.4 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+12.2% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.3% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Atlanticus Holdings's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Atlanticus Holdings Corp | 1.31 | 1.50 | 6.63 |
| Apple Inc | 0.26 | 0.96 | 0.99 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Schwab Charles Corp | 0.10 | 1.04 | 0.79 |
| Robinhood Markets Inc | 0.25 | 0.99 | 0.06 |
| Pnc Financial Services Group Inc | 0.03 | 0.02 | 1.15 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Atlanticus Holdings's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Atlanticus Holdings Corp | Q2 2026 | +88.8 % | +64.1 % |
| Apple Inc | Q2 2026 | +16.4 % | +27.1 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Schwab Charles Corp | Q2 2026 | +20.9 % | +31.7 % |
| Robinhood Markets Inc | Q2 2026 | +32.3 % | +48.4 % |
| Pnc Financial Services Group Inc | Q2 2026 | +21.4 % | +25.1 % |
| PEERS TOTAL | +15.9 % | +25.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Atlanticus Holdings's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Atlanticus Holdings Corp | Q2 2026 | - | - |
| Apple Inc | Q2 2026 | +8.6 % | -29.1 % |
| Bank Of America Corporation | Q2 2026 | - | - |
| Schwab Charles Corp | Q2 2026 | - | +44.5 % |
| Robinhood Markets Inc | Q2 2026 | - | -83.3 % |
| Pnc Financial Services Group Inc | Q2 2026 | - | - |
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Atlanticus Holdings's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Atlanticus Holdings Corp | 2.07% | 2.20% | 24.23% |
| Apple Inc | 35.02% | 60.14% | 142.67% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Schwab Charles Corp | 2.05% | 4.01% | 20.38% |
| Robinhood Markets Inc | 4.60% | 8.94% | 22.61% |
| Pnc Financial Services Group Inc | 1.30% | 3.15% | 12.42% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Atlanticus Holdings's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Atlanticus Holdings Corp | 11.40 | 0.66 |
| Apple Inc | 38.90 | 10.67 |
| Bank Of America Corporation | 12.78 | 3.34 |
| Schwab Charles Corp | 118.43 | 6.57 |
| Robinhood Markets Inc | 51.30 | 21.54 |
| Pnc Financial Services Group Inc | 12.40 | 3.62 |
| PEERS AVERAGE | 28.62 | 8.20 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.