World Acceptance Corp key statistics and ratios

In fiscal 2026, World Acceptance Corp had return on equity of 8.8%, a net margin of 5.9% and debt equal to 167.3% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

World Acceptance Corp: financial ratios, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Net margin	16.7%	18.6%	18.6%	18.5%	17.8%	18.2%	15.7%	15.0%	10.7%	6.8%	4.8%	16.7%	9.2%	3.4%	13.5%	15.8%	5.9%	6.6%
Free-cash-flow margin	40.5%	39.4%	39.3%	39.9%	39.8%	38.2%	35.4%	43.3%	41.5%	43.1%	45.7%	40.8%	45.5%	46.3%	45.4%	44.4%	43.7%	44.2%
Return on equity	19.2%	22.1%	23.4%	26.5%	31.6%	35.6%	24.7%	17.3%	10.7%	6.8%	5.8%	21.6%	13.9%	5.6%	19.1%	20.8%	8.8%	11.0%
Return on assets	—	13.7%	14.4%	13.5%	12.8%	12.9%	10.5%	9.2%	6.5%	4.4%	3.0%	8.9%	5.0%	1.8%	7.1%	8.6%	3.4%	3.7%
Asset turnover	—	0.74	0.77	0.73	0.72	0.71	0.67	0.61	0.61	0.64	0.63	0.53	0.54	0.53	0.53	0.55	0.57	0.55
Debt to equity	0.0%	0.0%	66.7%	109.2%	164.5%	158.8%	95.6%	64.0%	45.3%	45.6%	109.5%	100.0%	186.8%	156.1%	118.0%	102.5%	167.3%	158.2%
Effective tax rate	38.3%	36.3%	37.0%	37.4%	37.4%	37.0%	36.6%	36.0%	97.3%	21.6%	19.3%	20.8%	17.8%	21.8%	22.2%	19.8%	23.6%	23.0%
Capital spending as % of revenue	1.2%	1.3%	1.3%	1.2%	1.2%	1.4%	1.6%	1.4%	1.8%	1.8%	1.9%	2.2%	1.0%	0.9%	1.0%	0.7%	0.7%	0.7%
Free cash flow ÷ net income	242.1%	212.0%	211.1%	216.3%	223.7%	210.5%	225.9%	288.8%	389.0%	630.7%	957.8%	243.8%	494.0%	>999%	337.3%	280.7%	738.7%	668.5%
Dividends and buybacks ÷ free cash flow	0.8%	27.6%	65.8%	81.3%	79.9%	49.4%	0.0%	2.4%	2.2%	31.7%	73.2%	47.6%	41.7%	5.0%	13.9%	21.6%	51.8%	46.5%

US$ thousands unless shown otherwise. Fiscal quarters.

World Acceptance Corp: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Net margin	17.0%	9.8%	26.3%	1.2%	−1.2%	−0.4%	20.1%	4.4%
Free-cash-flow margin	40.0%	43.5%	55.0%	43.0%	35.4%	40.4%	53.1%	45.3%
Debt to equity	121.4%	131.1%	102.5%	111.0%	159.9%	192.6%	167.3%	158.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

62 /100

Moderate moat

How hard World Acceptance's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 6 / 20

Net income has been a median 5.2% of total assets over 10 years.
Durability 8 / 20

Net margin has been a median 9.3%; its worst year was 3.8%.
Cash conversion 20 / 20

Free cash flow was positive in 10 of 10 years, at a median 44.2% of revenue.
Discipline 20 / 20

The diluted share count fell 26.0% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (67 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from World Acceptance Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to World Acceptance Corp.