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EFC logoEllington Financial Inc.(EFC)Earnings, Financials & Key Ratios

EFC•NYSE•REIT / Real Estate
$13.57
$1.35B mkt cap·11.4× P/E·Price updated May 6, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryDiversified mortgage and specialty finance REITs
AboutEllington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.Show more
  • Revenue$675M+139.0%
  • FFO$147M+0.7%
  • FFO/Share1.48-12.1%
  • FFO Payout125.03%+11.5%
  • FFO per Share1.48-12.1%
  • NOI Margin84.26%-15.7%
  • FFO Margin21.77%-57.9%
  • ROE8.48%-9.1%
  • ROA0.82%-10.7%
  • Debt/Assets87.65%
  • Net Debt/EBITDA36.51+2306.5%
  • Book Value/Share18.82+2.7%
Technical→

EFC Key Insights

Ellington Financial Inc. (EFC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 42.5%
  • ✓High NOI margin of 84.3%
  • ✓Trading near 52-week high
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗High debt to equity ratio of 9.1x
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Shares diluted 14.5% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

EFC Price & Volume

Ellington Financial Inc. (EFC) stock price & volume — 10-year historical chart

Loading chart...

EFC Growth Metrics

Ellington Financial Inc. (EFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years28.91%
5 Years80.56%
3 Years150.05%
TTM52.01%

Profit CAGR

10 Years14.45%
5 Years42.49%
3 Years-
TTM0.69%

EPS CAGR

10 Years0.52%
5 Years25%
3 Years-
TTM-10.22%

Return on Capital

10 Years1.97%
5 Years2.31%
3 Years1.47%
Last Year2.74%

EFC Recent Earnings

Ellington Financial Inc. (EFC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 5, 2026
EPS
$0.55
Est $0.42
+31.0%
Revenue
$171M
Est $114M
+50.1%
Q1 2026
Feb 25, 2026
EPS
$0.47
Est $0.46
+2.2%
Revenue
$78M
Est $102M
-23.1%
Q4 2025
Nov 5, 2025
EPS
$0.53
Est $0.44
+20.5%
Revenue
$77M
Est $132M
-42.0%
Q3 2025
Aug 7, 2025
EPS
$0.47
Est $0.40
+17.5%
Revenue
$43M
Est $112M
-61.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.55vs $0.42+31.0%
$171Mvs $114M+50.1%
Q1 2026Feb 25, 2026
$0.47vs $0.46+2.2%
$78Mvs $102M-23.1%
Q4 2025Nov 5, 2025
$0.53vs $0.44+20.5%
$77Mvs $132M-42.0%
Q3 2025Aug 7, 2025
$0.47vs $0.40+17.5%
$43Mvs $112M-61.3%
Based on last 12 quarters of dataView full earnings history →

EFC Peer Comparison

Ellington Financial Inc. (EFC) competitors in Diversified mortgage and specialty finance REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MFA logoMFAMFA Financial, Inc.Direct Competitor997.46M9.775.82213.02%20.7%7.43%6.01
EARN logoEARNEllington Credit CompanyDirect Competitor182.16M4.8520.21-8.45%-2.76%2.91
MITT logoMITTTPG Mortgage Investment Trust IncDirect Competitor250.39M7.898.7714.4%6.82%6.11%14.45
IVR logoIVRInvesco Mortgage Capital Inc.Direct Competitor576.12M8.025.24-24.6%30.19%13.34%7.05
GPMT logoGPMTGranite Point Mortgage Trust Inc.Direct Competitor70.87M1.49-1.28187.77%-30.49%-7.1%2.12
NLY logoNLYAnnaly Capital Management, Inc.Product Competitor16.19B22.547.725.35%30.28%14.05%6.92
AGNC logoAGNCAGNC Investment Corp.Product Competitor9.68B10.7911.60384.69%24.23%7.32%0.01
TWO logoTWOTwo Harbors Investment Corp.Product Competitor1.29B12.25-2.81-28.4%-44.82%-19.11%4.79

Compare EFC vs Peers

Ellington Financial Inc. (EFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MFA

Most directly comparable listed peer for EFC.

Scale Benchmark

vs NLY

Larger-name benchmark to compare EFC against a more recognizable public peer.

Peer Set

Compare Top 5

vs MFA, EARN, MITT, IVR

EFC Income Statement

Ellington Financial Inc. (EFC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue10.74M76.83M85.16M35.15M216.8M43.15M256.5M282.19M674.54M
Revenue Growth %357.73%615.18%10.84%-58.72%516.76%-80.1%494.48%10.01%139.04%
Property Operating Expenses21.4M415K0042.33M000106.17M
Net Operating Income (NOI)
-10.66M▲ 0%
76.42M▲ 816.9%
85.16M▲ 11.4%
35.15M▼ 58.7%
174.46M▲ 396.3%
43.15M▼ 75.3%
256.5M▲ 494.5%
282.19M▲ 10.0%
568.37M▲ 101.4%
NOI Margin %-99.22%99.46%100%100%80.47%100%100%100%84.26%
Operating Expenses4.15M26.92M30.63M33.33M39.52M68.12M167.29M165.92M153.08M
G&A Expenses2.24M9.97M14.82M16.52M20.91M29M68.49M65.69M13.05M
EBITDA116.62M154.48M54.53M1.82M193.02M-24.97M89.21M116.27M459.09M
EBITDA Margin %1085.53%201.06%64.03%5.18%89.03%-57.87%34.78%41.2%68.06%
Depreciation & Amortization51.52M51.09M0000000
D&A / Revenue %479.55%66.5%0%0%0%0%0%0%0%
Operating Income
65.1M▲ 0%
103.38M▲ 58.8%
54.53M▼ 47.3%
1.82M▼ 96.7%
134.94M▲ 7310.3%
-24.97M▼ 118.5%
89.21M▲ 457.3%
116.27M▲ 30.3%
415.29M▲ 257.2%
Operating Margin %605.99%134.56%64.03%5.18%62.24%-57.87%34.78%41.2%61.57%
Interest Expense8.17M56.71M061.66M44.03M0262.45M279.61M304.53M
Interest Coverage0.95x1.65x-0.03x4.38x-0.34x0.42x1.51x
Non-Operating Income-22.57M-43.63M54.53M1.82M-58.08M-24.97M89.21M116.27M-43.81M
Pretax Income
6.59M▲ 0%
49.91M▲ 656.8%
54.53M▲ 9.2%
39.75M▼ 27.1%
143.7M▲ 261.5%
-88.58M▼ 161.6%
88.36M▲ 199.7%
148.72M▲ 68.3%
154.56M▲ 3.9%
Pretax Margin %61.39%64.96%64.03%113.09%66.28%-205.31%34.45%52.7%22.91%
Income Tax400K3.23M1.56M11.38M3.14M-17.72M457K612K3.79M
Effective Tax Rate %6.07%6.48%2.86%28.62%2.19%20%0.52%0.41%2.45%
Net Income
6.2M▲ 0%
46.68M▲ 653.4%
57.93M▲ 24.1%
25.01M▼ 56.8%
133.46M▲ 433.7%
-70.05M▼ 152.5%
84.08M▲ 220.0%
145.86M▲ 73.5%
146.87M▲ 0.7%
Net Margin %57.67%60.75%68.03%71.14%61.56%-162.35%32.78%51.69%21.77%
Net Income Growth %138.7%653.45%24.12%-56.83%433.68%-152.48%220.04%73.47%0.69%
Funds From Operations (FFO)
57.71M▲ 0%
97.77M▲ 69.4%
57.93M▼ 40.7%
25.01M▼ 56.8%
133.46M▲ 433.7%
-64.38M▼ 148.2%
84.08M▲ 230.6%
145.86M▲ 73.5%
146.87M▲ 0.7%
FFO Margin %537.21%127.25%68.03%71.14%61.56%-149.2%32.78%51.69%21.77%
FFO Growth %31.2%69.41%-------
FFO per Share1.773.181.810.572.71-1.061.221.681.48
FFO Payout Ratio %99.87%51.89%93.75%260.02%64.22%-191.17%177.53%112.12%125.03%
EPS (Diluted)
0.19▲ 0%
1.52▲ 700.0%
1.76▲ 15.8%
0.39▼ 77.8%
2.55▲ 553.8%
-1.41▼ 155.3%
0.88▲ 162.4%
1.36▲ 54.5%
1.19▼ 12.5%
EPS Growth %139.58%700%15.79%-77.84%553.85%-155.29%162.41%54.55%-12.5%
EPS (Basic)0.191.541.760.392.55-1.410.881.361.19
Diluted Shares Outstanding32.57M30.71M32.07M44.12M49.21M60.62M69.06M86.85M99.44M

EFC Balance Sheet

Ellington Financial Inc. (EFC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets2.99B3.97B4.34B3.41B5.18B14.09B15.32B16.32B19.35B
Asset Growth %24.04%32.68%9.23%-21.31%51.66%172.06%8.73%6.54%18.61%
Real Estate & Other Assets-2.99B-3.91B000-8.11M23.13M-15.48B-18.78B
PP&E (Net)0000004.39M00
Investment Securities1000K1000K00001000K1000K1000K
Total Current Assets76.92M934.95M000013.46B0201.89M
Cash & Equivalents47.23M44.66M72.48M111.82M92.84M221.87M228.93M192.39M201.89M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets00-275.43M-224.29M-308.56M-398.04M12.62B-403.65M-213.13M
Intangible Assets00000029.58M29.77M28.91M
Total Liabilities2.37B3.38B3.47B2.49B3.85B12.87B13.78B14.73B17.48B
Total Debt1.48B2B3.28B2.39B3.64B12.4B13.33B016.96B
Net Debt1.43B1.95B3.2B2.28B3.54B12.18B13.1B-192.39M16.76B
Long-Term Debt267.79M497.08M634M614.86M641.68M7.74B8.73B014.31B
Short-Term Borrowings002.64B1.77B2.99B4.66B4.61B02.66B
Capital Lease Obligations0000003.52M00
Total Current Liabilities212.49M495.57M2.81B1.85B3.2B5.07B5.09B02.66B
Accounts Payable208.61M495.57M000071.86M57.28M0
Deferred Revenue-996.82M-1B0000000
Other Liabilities-267.79M-497.08M-634M-614.86M-641.68M-7.74B-8.73B0518.17M
Total Equity
620.96M▲ 0%
595.17M▼ 4.2%
868.7M▲ 46.0%
921.57M▲ 6.1%
1.32B▲ 43.6%
1.22B▼ 7.8%
1.54B▲ 25.8%
1.59B▲ 3.6%
1.87B▲ 17.6%
Equity Growth %-3.69%-4.15%45.96%6.09%43.62%-7.76%25.78%3.6%17.62%
Shareholders Equity600.1M563.83M829.26M885.22M1.29B1.2B1.52B1.57B1.83B
Minority Interest20.86M31.34M39.43M36.36M32.23M24.92M18.54M20.35M36.9M
Common Stock589.72M563.83M39K44K58K64K83K91K113K
Additional Paid-in Capital10.38M0821.75M915.66M1.16B1.26B1.51B1.61B1.92B
Retained Earnings600.1M563.83M-103.56M-141.52M-97.28M-290.88M-353.36M-375.11M-412.96M
Preferred Stock00111.03M111.03M226.94M227.43M355.55M331.96M331.96M
Return on Assets (ROA)0.23%1.34%1.39%0.65%3.11%-0.73%0.57%0.92%0.82%
Return on Equity (ROE)0.98%7.68%7.92%2.79%11.89%-5.51%6.1%9.33%8.48%
Debt / Assets49.35%50.26%75.5%69.96%70.23%88.06%87.06%-87.65%
Debt / Equity2.38x3.35x3.77x2.59x2.75x10.16x8.68x-9.07x
Net Debt / EBITDA12.26x12.63x58.74x1250.22x18.36x-146.88x-1.65x36.51x
Book Value per Share19.0719.3827.0920.8926.8920.1422.2318.3218.82

EFC Cash Flow Statement

Ellington Financial Inc. (EFC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-462.7M-494.18M79.25M119.51M51.29M42.69M-241.86M-430.53M509.04M
Operating CF Growth %-763.92%-6.8%116.04%50.8%-57.08%-16.78%-666.6%-78.01%218.24%
Operating CF / Revenue %-4307.03%-643.2%93.06%339.98%23.66%98.93%-94.29%-152.57%75.46%
Net Income35.96M49.91M63.18M28.38M140.56M36.14M84.08M148.1M0
Depreciation & Amortization32.86M46.16M0005.67M000
Stock-Based Compensation385K415K475K734K2.21M1.82M000
Other Non-Cash Items63.41M142.58M31.91M75.9M-36.1M66M-126.48M-140.6M500.9M
Working Capital Changes-16.21M76.28M-16.31M14.49M-55.38M-66.95M-199.46M-438.03M8.15M
Cash from Investing-768.78M-1.2B-1.66B507.27M-2.03B-1.75B174.91M-728.26M-5.47B
Acquisitions (Net)00-42.12M-34.62M-24.07M-49.1M34.22M-119.99M0
Purchase of Investments-2.73B-3.06B-4.84B-2.62B-5.1B-5.91B-6.2B-6.77B-402.46M
Sale of Investments1.96B1.87B3.15B3.07B2.99B4.02B6.06B5.81B0
Other Investing0014.48M62.7M-62.38M218.1M290.07M353.94M-5.06B
Cash from Financing386.66M491.6M1.61B-587.43M1.95B1.84B75.63M1.14B5.09B
Dividends Paid-57.64M-50.74M-54.31M-65.03M-85.7M-123.06M-149.27M-163.54M-183.63M
Common Dividends-57.64M-50.74M-54.31M-65.03M-85.7M-123.06M-149.27M-163.54M-183.63M
Debt Issuance (Net)1000K1000K1000K-1000K1000K1000K-1000K1000K1000K
Share Repurchases-14.64M-23.13M-782K-3.06M0-1.66M-12.35M-24.61M0
Other Financing9.84M-3.1M257.96M-622K-54.03M137.37M24.84M-23.59M-63.48M
Net Change in Cash
-76.04M▲ 0%
-2.58M▲ 96.6%
27.4M▲ 1163.1%
39.34M▲ 43.6%
-18.99M▼ 148.3%
129.03M▲ 779.6%
8.68M▼ 93.3%
-21.6M▼ 348.9%
129.24M▲ 698.4%
Exchange Rate Effect768.78M1.2B0000000
Cash at Beginning123.27M47.66M45.08M72.48M111.82M92.84M221.87M230.54M208.95M
Cash at End47.23M45.08M72.48M111.82M92.84M221.87M230.54M208.95M338.19M
Free Cash Flow
-462.7M▲ 0%
-494.18M▼ 6.8%
129.01M▲ 126.1%
150.15M▲ 16.4%
224.13M▲ 49.3%
3.58M▼ 98.4%
-241.86M▼ 6859.6%
-430.53M▼ 78.0%
509.04M▲ 218.2%
FCF Growth %-763.92%-6.8%126.11%16.39%49.27%-98.4%-6859.59%-78.01%218.24%
FCF / Revenue %-4307.03%-643.2%151.49%427.16%103.38%8.29%-94.29%-152.57%75.46%

EFC Key Ratios

Ellington Financial Inc. (EFC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share1.321.773.181.810.572.71-1.061.221.681.48
FFO Payout Ratio148.1%99.87%51.89%93.75%260.02%64.22%-191.17%177.53%112.12%125.03%
NOI Margin-806.69%-99.22%99.46%100%100%80.47%100%100%100%84.26%
Net Debt / EBITDA15.50x12.26x12.63x58.74x1250.22x18.36x-146.88x-1.65x36.51x
Debt / Assets43.83%49.35%50.26%75.5%69.96%70.23%88.06%87.06%-87.65%
Interest Coverage-0.84x0.95x1.65x-0.03x4.38x-0.34x0.42x1.51x
Book Value / Share19.4219.0719.3827.0920.8926.8920.1422.2318.3218.82
Revenue Growth-95.59%357.73%615.18%10.84%-58.72%516.76%-80.1%494.48%10.01%139.04%

EFC SEC Filings & Documents

Ellington Financial Inc. (EFC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 28, 2026·SEC

Material company update

Apr 7, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 12, 2025·SEC

EFC Frequently Asked Questions

Ellington Financial Inc. (EFC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ellington Financial Inc. (EFC) reported $429.0M in revenue for fiscal year 2025. This represents a 4960% increase from $8.5M in 2008.

Ellington Financial Inc. (EFC) grew revenue by 139.0% over the past year. This is strong growth.

Yes, Ellington Financial Inc. (EFC) is profitable, generating $146.9M in net income for fiscal year 2025 (21.8% net margin).

Dividend & Returns

Yes, Ellington Financial Inc. (EFC) pays a dividend with a yield of 13.61%. This makes it attractive for income-focused investors.

Ellington Financial Inc. (EFC) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.

Industry Metrics

Ellington Financial Inc. (EFC) offers a 13.61% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More EFC

Ellington Financial Inc. (EFC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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