Enova International, Inc. vs SLM Corp, two Credit Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: Enova at 18.8 times earnings for online non-prime lending growth, SLM (Sallie Mae) at 7.1 for student-loan spreads under policy risk, both proven lenders priced very differently. SLM earns the higher return on equity, 30.7% against 23.3%, and nets 49.8% of revenue against Enova's 9.95%, student-loan spreads dwarfing online-consumer ones. Both carry heavy leverage, 2.53 and 3.45 turns, and pay near-2% dividends. The market pays Enova nearly triple SLM's multiple despite SLM's superior returns and margins, pricing student-lending policy overhang against online-lending growth optionality. The pair prices two high-return consumer lenders as opposites; SLM earns more and costs less, Enova grows faster and costs more.
Comparison updated 2026-07-11.
| Metric | ENVA | SLM |
|---|---|---|
| Price | $230.90 | $25.47 |
| Market cap | $6.1B | $5.0B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Mature |
| Implied growth (priced in) | +1.2% | — |
| P/E | 18.8 | 7.1 |
| P/B | 4.34 | 2.07 |
| P/S | 1.85 | 3.35 |
| EV/EBITDA | 13.3 | 1397.9 |
| Revenue growth | +17.6% | +2.3% |
| Gross margin | 60.4% | — |
| Operating margin | 23.7% | — |
| Net margin | 9.9% | 49.8% |
| Return on equity | 23.3% | 30.7% |
| Return on assets | 4.8% | 2.5% |
| Dividend yield | 1.6% | 2.0% |
| Debt / equity | 3.45 | 2.53 |
| Altman Z (solvency) | 1.67 | 0.40 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.