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EFCEllington Financial Inc.
$11.26$1.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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EFC logo

Ellington Financial Inc.

EFC
NYSE · Mortgage REITs
$11.26
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.41B
P/E6.3x
52W High$14.12
Volume2.03M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leverage-Driven Growth Masks Dividend Coverage Concerns

Ellington Financial's aggressive portfolio expansion, including the Arlington acquisition, has driven revenue up 139% YoY to $174.9M in 2026Q2, but this growth is heavily reliant on leverage, with debt-to-equity at 9.25x.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

EFC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-56% Peers

P/E is 56% below peer median

03

Market leadership

RS 39 · Lag

Laggard (Underperforming 61% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 4

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
EFC-8.19%
S&P 500 (^GSPC)+7.63%
1-Year Return
EFC-6.97%
S&P 500 (^GSPC)+9.69%
3-Year Return
EFC+26.14%
S&P 500 (^GSPC)+66.59%
5-Year Return
EFC+8.04%
S&P 500 (^GSPC)+55.11%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
6.3x
Forward P/EExpansion
5.4x
EV/EBITDA25th %ile
29.5x
FCF YieldCash Flow
36.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
6.3x
11.4x
0th· Low
EV/EBITDA
29.5x
129.6x
25th· Low
Price/FCF
2.8x
3.8x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$20.20+79.4%
Base (Fair)$27.01+139.9%
Bull$34.20+203.7%
$20.20 Bear$27.01 Base$34.20 Bull
Current Market Price: $11.26
Trades at a 58.3% discount to Base DCF ($27.01)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$675M+139.0% YoY
Net income FY25
$147M+0.7% YoY
Free cash flow FY25
$509M+218.2% YoY
Operating margin FY25
61.6%+20.4 pts YoY
ROIC (FY25)1.8%
Avg ROIC 5Y1%
ROE (TTM)11.7%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.45-4.4%
vs $0.47
$118M-6.4%
vs $126M
Q3 2026
Aug 6, 2026
$0.60+30.8%
vs $0.46
$123M+7.5%
vs $115M
Q2 2026
May 5, 2026
$0.55+31.0%
vs $0.42
$171M+50.1%
vs $114M
Q1 2026
Feb 25, 2026
$0.47+2.2%
vs $0.46
$78M-23.1%
vs $102M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Ellington Financial Inc. (EFC) Q3 2026 Earnings Call Transcript

Ellington Financial Inc. ( EFC ) Q3 2026 Earnings Call November 5, 2026 11:00 AM EST Company Participants Alaael-Deen Shilleh - Associate General Counsel & Secretary Laurence Penn - CEO, President & Director JR Herlihy - CFO & Treasurer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Crispin Love - Piper Sandler & Co., Research Division Francesco Labetti - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Harter - BTIG, LLC, Research Division Marissa Lobo Trevor Cranston - Citizens JMP Securities, LLC, Research Division Timothy D'Agostino - B. Riley Securities, Inc., Research Division Presentation Operator Thank you for standing by, and welcome to the Ellington Financial's Third Quarter 2026 Earnings Conference Call.

MarketBeat·1d ago
Ellington Financial Q3 Earnings Call Highlights

Ellington Financial NYSE: EFC reported third-quarter adjusted distributable earnings of $0.45 per share, exceeding its $0.39 quarterly dividend, as hedges helped limit the impact of rising interest rates and wider credit spreads.

Benzinga·2d ago
Wall Street's Most Accurate Analysts Weigh In On 3 Financial Stocks With Over 10% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Business Wire·2d ago
Ellington Financial Declares Monthly Common Dividend

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock, payable on December 31, 2026 to common stockholders of record as of November 30, 2026. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Filtered for Ellington Financial Inc.More Headlines
04

Compare before deciding

Benchmark EFC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Ellington Financial Inc. (EFC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EFC logoEFCEllington Financial Inc.Current
$11.26$1.41B6.33139.04%35.37%11.71%16.4%
MFA logoMFAMFA Financial, Inc.
$6.21$634M-50.45213.02%-2%-0.66%28.82%
EARN logoEARNEllington Credit Company
$3.28$123.23M-3.36101.88%-77.65%-21.22%29.16%
MITT logoMITTTPG Mortgage Investment Trust Inc
$4.45$141.53M10.5114.4%2.76%2.48%17.7%
IVR logoIVRInvesco Mortgage Capital Inc.
$5.41$562.35M-19.383.17%—-3.25%29.8%
GPMT logoGPMTGranite Point Mortgage Trust Inc.
$3.34$16.1M-0.11-25.45%-131.14%-28.29%64.86%

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 RKT

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

Peer Set

Compare Top 5

vs MFA, EARN, MITT, IVR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

EFC SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Aug 7, 2026·SEC

Material company update

Jul 23, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 2, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 10, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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EFC Frequently Asked Questions

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

Growth & Financials
What is Ellington Financial Inc.'s revenue?

Ellington Financial Inc. (EFC) reported $650.8M in revenue over the trailing twelve months. Revenue was $674.5M in fiscal year 2025. That is 7857% more than the $8.5M of fiscal year 2008.

How fast is Ellington Financial Inc. growing?

Ellington Financial Inc. (EFC) grew revenue by 87.2% over the trailing twelve months, compared with the twelve months before.

Is EFC profitable?

Yes. Ellington Financial Inc. (EFC) earned $230.2M in net income over the trailing twelve months (a 35.4% net margin).

Dividend & Returns
Does EFC pay dividends?

Yes. Ellington Financial Inc. (EFC) pays a dividend that yields 16.40% at the current price, a high yield.

What is EFC's return on equity?

Ellington Financial Inc. (EFC) had a return on equity (ROE) of 11.7% over the trailing twelve months. That is in line with the market's typical 10-15%.

Industry Metrics
Is EFC a good dividend stock?

Ellington Financial Inc. (EFC) offers a 16.40% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in EFC back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →