EFC
Ellington Financial Inc.
REIT - Mortgage
Market Cap$1.35B
5Y Perf.+33.2%
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Stock Comparison
EFC vs IVR
Revenue, margins, valuation, and 5-year total return — side by side.
IVR
Invesco Mortgage Capital Inc.
REIT - Mortgage
Market Cap$577M
5Y Perf.-69.5%
EFC vs IVR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | EFC | IVR |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $1.35B | $577M |
| Revenue (TTM) | $429M | $335M |
| Net Income (TTM) | $147M | $101M |
| Gross Margin | 88.6% | 50.5% |
| Operating Margin | 63.0% | 47.1% |
| Forward P/E | 7.5x | 3.7x |
| Total Debt | $16.96B | $5.62B |
| Cash & Equiv. | $202M | $56M |
EFC vs IVR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
EFC
IVR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ellington Financial… (EFC) | 100 | 133.2 | +33.2% |
| Invesco Mortgage Ca… (IVR) | 100 | 30.5 | -69.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EFC vs IVR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IVR leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and dividend income and shareholder returns. Ellington Financial Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
EFC
Ellington Financial Inc.
The Real Estate Income Play
EFC is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.47, yield 13.6%
- Rev growth 139.0%, EPS growth -12.5%, 3Y rev CAGR 150.0%
- 77.3% 10Y total return vs IVR's -31.0%
Best for: income & stability and growth exposure
IVR
Invesco Mortgage Capital Inc.
The Real Estate Income Play
IVR carries the broadest edge in this set and is the clearest fit for value and dividends.
- Lower P/E (3.7x vs 7.5x)
- 20.1% yield, vs EFC's 13.6%
- +29.9% vs EFC's +18.5%
Best for: value and dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | EFC | 139.0% FFO/revenue growth vs IVR's -24.6% |
| Value | IVR | Lower P/E (3.7x vs 7.5x) |
| Quality / Margins | EFC | 34.2% margin vs IVR's 30.2% |
| Stability / Safety | EFC | Beta 0.47 vs IVR's 0.78 |
| Dividends | IVR | 20.1% yield, vs EFC's 13.6% |
| Momentum (1Y) | IVR | +29.9% vs EFC's +18.5% |
| Efficiency (ROA) | IVR | 1.7% ROA vs EFC's 0.8%, ROIC 4.0% vs 3.1% |
EFC vs IVR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLEFCLAGGINGIVR
IVRInvesco Mortgage Capi…
3leads
EFCEllington Financial I…
3leads
6 Total Categories
CATEGORYLEADERvs IVRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
EFC4/6
Valuation MetricsMultiples, price ratios, and targets
IVR5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IVR7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
EFC5/6
Risk & VolatilityBeta, volatility, and downside exposure
EFC2/2
Analyst OutlookRatings, price targets, and dividends
IVR1/1
Income & Cash Flow (Last 12 Months)
EFC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EFC and IVR operate at a comparable scale, with $429M and $335M in trailing revenue. Profitability is closely matched — net margins range from 34.2% (EFC) to 30.2% (IVR). On growth, EFC holds the edge at +123.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| RevenueTrailing 12 months | $429M | $335M |
| EBITDAEarnings before interest/tax | $301M | $158M |
| Net IncomeAfter-tax profit | $147M | $101M |
| Free Cash FlowCash after capex | -$925M | $157M |
| Gross MarginGross profit ÷ Revenue | +88.6% | +50.5% |
| Operating MarginEBIT ÷ Revenue | +63.0% | +47.1% |
| Net MarginNet income ÷ Revenue | +34.2% | +30.2% |
| FCF MarginFCF ÷ Revenue | -2.2% | +46.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +123.0% | -58.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -44.0% | +9.7% |
EFC leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
IVR leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 5.2x trailing earnings, IVR trades at a 54% valuation discount to EFC's 11.4x P/E. On an enterprise value basis, IVR's 19.1x EV/EBITDA is more attractive than EFC's 39.5x.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| Market CapShares × price | $1.4B | $577M |
| Enterprise ValueMkt cap + debt − cash | $18.1B | $6.1B |
| Trailing P/EPrice ÷ TTM EPS | 11.42x | 5.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.47x | 3.67x |
| PEG RatioP/E ÷ EPS growth rate | 0.46x | — |
| EV / EBITDAEnterprise value multiple | 39.45x | 19.12x |
| Price / SalesMarket cap ÷ Revenue | 2.00x | 1.70x |
| Price / BookPrice ÷ Book value/share | 0.72x | 0.67x |
| Price / FCFMarket cap ÷ FCF | 2.66x | 3.67x |
IVR leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
IVR leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
IVR delivers a 13.3% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $8 for EFC. IVR carries lower financial leverage with a 7.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to EFC's 9.07x. On the Piotroski fundamental quality scale (0–9), EFC scores 6/9 vs IVR's 5/9, reflecting solid financial health.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +13.3% |
| ROA (TTM)Return on assets | +0.8% | +1.7% |
| ROICReturn on invested capital | +3.1% | +4.0% |
| ROCEReturn on capital employed | +2.7% | +40.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 9.07x | 7.05x |
| Net DebtTotal debt minus cash | $16.8B | $5.6B |
| Cash & Equiv.Liquid assets | $202M | $56M |
| Total DebtShort + long-term debt | $17.0B | $5.6B |
| Interest CoverageEBIT ÷ Interest expense | 1.51x | 1.46x |
IVR leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
EFC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EFC five years ago would be worth $12,153 today (with dividends reinvested), compared to $5,499 for IVR. Over the past 12 months, IVR leads with a +29.9% total return vs EFC's +18.5%. The 3-year compound annual growth rate (CAGR) favors EFC at 15.0% vs IVR's 9.4% — a key indicator of consistent wealth creation.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| YTD ReturnYear-to-date | +3.1% | +0.4% |
| 1-Year ReturnPast 12 months | +18.5% | +29.9% |
| 3-Year ReturnCumulative with dividends | +51.9% | +30.8% |
| 5-Year ReturnCumulative with dividends | +21.5% | -45.0% |
| 10-Year ReturnCumulative with dividends | +77.3% | -31.0% |
| CAGR (3Y)Annualised 3-year return | +15.0% | +9.4% |
EFC leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
EFC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
EFC is the less volatile stock with a 0.47 beta — it tends to amplify market swings less than IVR's 0.78 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EFC currently trades 96.2% from its 52-week high vs IVR's 84.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.47x | 0.78x |
| 52-Week HighHighest price in past year | $14.12 | $9.50 |
| 52-Week LowLowest price in past year | $11.28 | $7.10 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +84.5% |
| RSI (14)Momentum oscillator 0–100 | 69.7 | 43.2 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 2.2M |
EFC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
IVR leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates EFC as "Buy" and IVR as "Hold". Consensus price targets imply 12.1% upside for IVR (target: $9) vs -0.7% for EFC (target: $14). For income investors, IVR offers the higher dividend yield at 20.08% vs EFC's 13.59%.
| Metric | EFCEllington Financi… | IVRInvesco Mortgage … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $13.50 | $9.00 |
| # AnalystsCovering analysts | 13 | 20 |
| Dividend YieldAnnual dividend ÷ price | +13.6% | +20.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.85 | $1.61 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.5% |
IVR leads this category, winning 1 of 1 comparable metric.
Key Takeaway
EFC leads in 3 of 6 categories (Income & Cash Flow, Total Returns). IVR leads in 3 (Valuation Metrics, Profitability & Efficiency).
Best OverallEllington Financial Inc. (EFC)Leads 3 of 6 categories
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EFC vs IVR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EFC or IVR a better buy right now?
For growth investors, Ellington Financial Inc.
(EFC) is the stronger pick with 139. 0% revenue growth year-over-year, versus -24. 6% for Invesco Mortgage Capital Inc. (IVR). Invesco Mortgage Capital Inc. (IVR) offers the better valuation at 5. 2x trailing P/E (3. 7x forward), making it the more compelling value choice. Analysts rate Ellington Financial Inc. (EFC) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EFC or IVR?
On trailing P/E, Invesco Mortgage Capital Inc.
(IVR) is the cheapest at 5. 2x versus Ellington Financial Inc. at 11. 4x. On forward P/E, Invesco Mortgage Capital Inc. is actually cheaper at 3. 7x.
03Which is the better long-term investment — EFC or IVR?
Over the past 5 years, Ellington Financial Inc.
(EFC) delivered a total return of +21. 5%, compared to -45. 0% for Invesco Mortgage Capital Inc. (IVR). Over 10 years, the gap is even starker: EFC returned +77. 3% versus IVR's -31. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EFC or IVR?
By beta (market sensitivity over 5 years), Ellington Financial Inc.
(EFC) is the lower-risk stock at 0. 47β versus Invesco Mortgage Capital Inc. 's 0. 78β — meaning IVR is approximately 66% more volatile than EFC relative to the S&P 500. On balance sheet safety, Invesco Mortgage Capital Inc. (IVR) carries a lower debt/equity ratio of 7% versus 9% for Ellington Financial Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — EFC or IVR?
By revenue growth (latest reported year), Ellington Financial Inc.
(EFC) is pulling ahead at 139. 0% versus -24. 6% for Invesco Mortgage Capital Inc. (IVR). On earnings-per-share growth, the picture is similar: Invesco Mortgage Capital Inc. grew EPS 135. 4% year-over-year, compared to -12. 5% for Ellington Financial Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EFC or IVR?
Invesco Mortgage Capital Inc.
(IVR) is the more profitable company, earning 29. 8% net margin versus 21. 8% for Ellington Financial Inc. — meaning it keeps 29. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IVR leads at 94. 5% versus 61. 6% for EFC. At the gross margin level — before operating expenses — IVR leads at 96. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EFC or IVR more undervalued right now?
On forward earnings alone, Invesco Mortgage Capital Inc.
(IVR) trades at 3. 7x forward P/E versus 7. 5x for Ellington Financial Inc. — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IVR: 12. 1% to $9. 00.
08Which pays a better dividend — EFC or IVR?
All stocks in this comparison pay dividends.
Invesco Mortgage Capital Inc. (IVR) offers the highest yield at 20. 1%, versus 13. 6% for Ellington Financial Inc. (EFC).
09Is EFC or IVR better for a retirement portfolio?
For long-horizon retirement investors, Ellington Financial Inc.
(EFC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 47), 13. 6% yield). Both have compounded well over 10 years (EFC: +77. 3%, IVR: -31. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EFC and IVR?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: EFC is a small-cap high-growth stock; IVR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(EFC: 123.0% · IVR: -58.6%)Net Margin>
%
(EFC: 34.2% · IVR: 30.2%)P/E Ratio<
x
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