IVR
Invesco Mortgage Capital Inc.
REIT - Mortgage
Market Cap$577M
5Y Perf.-69.5%
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Stock Comparison
IVR vs MFA
Revenue, margins, valuation, and 5-year total return — side by side.
MFA
MFA Financial, Inc.
REIT - Mortgage
Market Cap$995M
5Y Perf.+44.2%
IVR vs MFA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | IVR | MFA |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $577M | $995M |
| Revenue (TTM) | $335M | $650M |
| Net Income (TTM) | $101M | $135M |
| Gross Margin | 50.5% | 59.3% |
| Operating Margin | 47.1% | 41.0% |
| Forward P/E | 3.7x | 7.1x |
| Total Debt | $5.62B | $10.99B |
| Cash & Equiv. | $56M | $213M |
IVR vs MFA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
IVR
MFA
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Invesco Mortgage Ca… (IVR) | 100 | 30.5 | -69.5% |
| MFA Financial, Inc. (MFA) | 100 | 144.2 | +44.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IVR vs MFA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IVR leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. MFA Financial, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
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 quality.
- Lower P/E (3.7x vs 7.1x)
- 30.2% margin vs MFA's 20.7%
- 20.1% yield, vs MFA's 18.4%
Best for: value and quality
MFA
MFA Financial, Inc.
The Real Estate Income Play
MFA is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.77, yield 18.4%
- Rev growth 213.0%, EPS growth 104.9%
- 7.8% 10Y total return vs IVR's -31.0%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MFA | 213.0% FFO/revenue growth vs IVR's -24.6% |
| Value | IVR | Lower P/E (3.7x vs 7.1x) |
| Quality / Margins | IVR | 30.2% margin vs MFA's 20.7% |
| Stability / Safety | MFA | Beta 0.77 vs IVR's 0.78, lower leverage |
| Dividends | IVR | 20.1% yield, vs MFA's 18.4% |
| Momentum (1Y) | IVR | +29.9% vs MFA's +19.2% |
| Efficiency (ROA) | IVR | 1.7% ROA vs MFA's 1.1%, ROIC 4.0% vs 4.4% |
IVR vs MFA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIVRLAGGINGMFA
MFAMFA Financial, Inc.
2leads
IVRInvesco Mortgage Capi…
2leads
6 Total Categories
CATEGORYLEADERvs MFAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
IVR4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IVR6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
MFA5/6
Risk & VolatilityBeta, volatility, and downside exposure
MFA2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
IVR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MFA is the larger business by revenue, generating $650M annually — 1.9x IVR's $335M. IVR is the more profitable business, keeping 30.2% of every revenue dollar as net income compared to MFA's 20.7%. On growth, MFA holds the edge at +118.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| RevenueTrailing 12 months | $335M | $650M |
| EBITDAEarnings before interest/tax | $158M | $268M |
| Net IncomeAfter-tax profit | $101M | $135M |
| Free Cash FlowCash after capex | $157M | $91M |
| Gross MarginGross profit ÷ Revenue | +50.5% | +59.3% |
| Operating MarginEBIT ÷ Revenue | +47.1% | +41.0% |
| Net MarginNet income ÷ Revenue | +30.2% | +20.7% |
| FCF MarginFCF ÷ Revenue | +46.8% | +14.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -58.6% | +118.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.7% | -103.0% |
IVR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — IVR and MFA each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 5.2x trailing earnings, IVR trades at a 10% valuation discount to MFA's 5.8x P/E. On an enterprise value basis, MFA's 17.1x EV/EBITDA is more attractive than IVR's 19.1x.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| Market CapShares × price | $577M | $995M |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $11.8B |
| Trailing P/EPrice ÷ TTM EPS | 5.25x | 5.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 3.67x | 7.11x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 19.12x | 17.07x |
| Price / SalesMarket cap ÷ Revenue | 1.70x | 1.14x |
| Price / BookPrice ÷ Book value/share | 0.67x | 0.56x |
| Price / FCFMarket cap ÷ FCF | 3.67x | 13.06x |
Evenly matched — IVR and MFA each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
IVR leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
IVR delivers a 13.3% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $7 for MFA. MFA carries lower financial leverage with a 6.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to IVR's 7.05x.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| ROE (TTM)Return on equity | +13.3% | +7.4% |
| ROA (TTM)Return on assets | +1.7% | +1.1% |
| ROICReturn on invested capital | +4.0% | +4.4% |
| ROCEReturn on capital employed | +40.4% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 7.05x | 6.01x |
| Net DebtTotal debt minus cash | $5.6B | $10.8B |
| Cash & Equiv.Liquid assets | $56M | $213M |
| Total DebtShort + long-term debt | $5.6B | $11.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.46x | 1.34x |
IVR leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
MFA leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MFA five years ago would be worth $9,942 today (with dividends reinvested), compared to $5,499 for IVR. Over the past 12 months, IVR leads with a +29.9% total return vs MFA's +19.2%. The 3-year compound annual growth rate (CAGR) favors MFA at 10.3% vs IVR's 9.4% — a key indicator of consistent wealth creation.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| YTD ReturnYear-to-date | +0.4% | +6.1% |
| 1-Year ReturnPast 12 months | +29.9% | +19.2% |
| 3-Year ReturnCumulative with dividends | +30.8% | +34.1% |
| 5-Year ReturnCumulative with dividends | -45.0% | -0.6% |
| 10-Year ReturnCumulative with dividends | -31.0% | +7.8% |
| CAGR (3Y)Annualised 3-year return | +9.4% | +10.3% |
MFA leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
MFA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MFA is the less volatile stock with a 0.77 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. MFA currently trades 92.2% from its 52-week high vs IVR's 84.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.78x | 0.77x |
| 52-Week HighHighest price in past year | $9.50 | $10.57 |
| 52-Week LowLowest price in past year | $7.10 | $8.78 |
| % of 52W HighCurrent price vs 52-week peak | +84.5% | +92.2% |
| RSI (14)Momentum oscillator 0–100 | 43.2 | 43.8 |
| Avg Volume (50D)Average daily shares traded | 2.2M | 1.4M |
MFA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — IVR and MFA each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates IVR as "Hold" and MFA as "Hold". Consensus price targets imply 12.1% upside for IVR (target: $9) vs 5.1% for MFA (target: $10). For income investors, IVR offers the higher dividend yield at 20.08% vs MFA's 18.36%.
| Metric | IVRInvesco Mortgage … | MFAMFA Financial, In… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $9.00 | $10.25 |
| # AnalystsCovering analysts | 20 | 22 |
| Dividend YieldAnnual dividend ÷ price | +20.1% | +18.4% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $1.61 | $1.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | +1.5% |
Evenly matched — IVR and MFA each lead in 1 of 2 comparable metrics.
Key Takeaway
IVR leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MFA leads in 2 (Total Returns, Risk & Volatility). 2 tied.
Best OverallInvesco Mortgage Capital In… (IVR)Leads 2 of 6 categories
Loading custom metrics...
IVR vs MFA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IVR or MFA a better buy right now?
For growth investors, MFA Financial, Inc.
(MFA) is the stronger pick with 213. 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 Invesco Mortgage Capital Inc. (IVR) a "Hold" — based on 20 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 — IVR or MFA?
On trailing P/E, Invesco Mortgage Capital Inc.
(IVR) is the cheapest at 5. 2x versus MFA Financial, Inc. at 5. 8x. On forward P/E, Invesco Mortgage Capital Inc. is actually cheaper at 3. 7x.
03Which is the better long-term investment — IVR or MFA?
Over the past 5 years, MFA Financial, Inc.
(MFA) delivered a total return of -0. 6%, compared to -45. 0% for Invesco Mortgage Capital Inc. (IVR). Over 10 years, the gap is even starker: MFA returned +7. 8% 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 — IVR or MFA?
By beta (market sensitivity over 5 years), MFA Financial, Inc.
(MFA) is the lower-risk stock at 0. 77β versus Invesco Mortgage Capital Inc. 's 0. 78β — meaning IVR is approximately 1% more volatile than MFA relative to the S&P 500. On balance sheet safety, MFA Financial, Inc. (MFA) carries a lower debt/equity ratio of 6% versus 7% for Invesco Mortgage Capital Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — IVR or MFA?
By revenue growth (latest reported year), MFA Financial, Inc.
(MFA) is pulling ahead at 213. 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 104. 9% for MFA 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 — IVR or MFA?
Invesco Mortgage Capital Inc.
(IVR) is the more profitable company, earning 29. 8% net margin versus 20. 2% for MFA 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 78. 8% for MFA. 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 IVR or MFA more undervalued right now?
On forward earnings alone, Invesco Mortgage Capital Inc.
(IVR) trades at 3. 7x forward P/E versus 7. 1x for MFA Financial, Inc. — 3. 4x 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 — IVR or MFA?
All stocks in this comparison pay dividends.
Invesco Mortgage Capital Inc. (IVR) offers the highest yield at 20. 1%, versus 18. 4% for MFA Financial, Inc. (MFA).
09Is IVR or MFA better for a retirement portfolio?
For long-horizon retirement investors, MFA Financial, Inc.
(MFA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 77), 18. 4% yield). Both have compounded well over 10 years (MFA: +7. 8%, 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 IVR and MFA?
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: IVR is a small-cap deep-value stock; MFA is a small-cap high-growth 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>
%
(IVR: -58.6% · MFA: 118.9%)Net Margin>
%
(IVR: 30.2% · MFA: 20.7%)P/E Ratio<
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