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EFCEllington Financial Inc.
$12.41$1.6B
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
Live BreakoutsStock ScreenerOwnership
EFC logo

Ellington Financial Inc.

EFC
NYSE · Mortgage REITs
$12.41
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.56B
P/E10.4x
52W High$14.12
Volume1.45M
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. The company's shift toward credit asse...

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

+45% Peers

P/E is 45% above peer median

03

Market leadership

RS 41 · Lag

Laggard (Underperforming 59% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
EFC-1.68%
S&P 500 (^GSPC)+12.39%
1-Year Return
EFC+7.05%
S&P 500 (^GSPC)+15.77%
3-Year Return
EFC+33.10%
S&P 500 (^GSPC)+74.45%
5-Year Return
EFC+11.64%
S&P 500 (^GSPC)+70.72%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
10.4x
Forward P/EExpansion
6.0x
EV/EBITDA75th %ile
39.9x
FCF YieldCash Flow
32.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.4x
11.4x
50th· Fair
EV/EBITDA
39.9x
39.5x
75th· Fair
Price/FCF
3.1x
3.8x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$20.74+67.1%
Base (Fair)$27.74+123.0%
Bull$35.15+183.2%
$20.74 Bear$27.74 Base$35.15 Bull
Current Market Price: $12.41
Trades at a 55.3% discount to Base DCF ($27.74)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$675M+139.0% YoY
Net income
$147M+0.7% YoY
Free cash flow
$509M+218.2% YoY
Operating margin
61.6%+20.4 pts YoY
ROIC (TTM)1.8%
Avg ROIC 5Y-
ROE (TTM)8.5%
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)
Q3 2026Latest
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
Q4 2025
Nov 5, 2025
$0.53+20.5%
vs $0.44
$77M-42.0%
vs $132M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·6d ago
Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that it has closed its previously announced offering of $150 million in aggregate principal amount of 7.375% senior unsecured notes due 2030 (the “New Notes”) through certain of its subsidiaries (such subsidiaries, the “Issuers”). The New Notes are senior unsecured obligations of the Issuers and are fully and unconditionally guaranteed by the Company. The New Notes were issued at a price.

Seeking Alpha·Sep 16, 2026
25 Dividend Buys You May Want To Hold Forever From September's Russell Index

The top ten SML Russell MHFS dogs are forecasted to deliver average net gains of 40.06% by September 2027, with yields up to 22.18%. All top-ten yielders are ideally priced, with annual dividends from $1K invested exceeding single share prices, meeting the 'dividend dog' standard. Fifteen of fifty-one SML Russell MHFS stocks show negative free cash flow margins, making their dividends less secure and riskier for income-focused investors.

Business Wire·Sep 14, 2026
Ellington Financial Announces Upsizing and Pricing of Additional 7.375% Senior Unsecured Notes Due 2030

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced the pricing of its previously announced offering, which was upsized from $100 million to $150 million in aggregate principal amount, of 7.375% senior unsecured notes due 2030 (the “New Notes”) through certain of its subsidiaries (such subsidiaries, the “Issuers”). The New Notes will be senior unsecured obligations of the Issuers and will be fully and unconditionally guaranteed by the Comp.

Business Wire·Sep 14, 2026
Ellington Financial Announces Proposed Offering of Senior Unsecured Notes

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that it plans to offer $100 million in aggregate principal amount of 7.375% senior unsecured notes due 2030 (the “New Notes”) through certain of its subsidiaries (such subsidiaries, the “Issuers”). The New Notes will be offered as additional notes under the indenture, dated as of October 6, 2025 (the “Indenture”), pursuant to which the Issuers previously issued $400 million in aggregate p.

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
$12.41$1.56B10.43139.04%21.77%8.48%14.88%
MFA logoMFAMFA Financial, Inc.
$8.32$849.42M4.95213.02%19.71%8.23%—
EARN logoEARNEllington Credit Company
$4.21$158.16M-11.08101.88%-12.87%-2.85%—
MITT logoMITTTPG Mortgage Investment Trust Inc
$6.19$196.86M6.8814.4%9.02%7.95%—
IVR logoIVRInvesco Mortgage Capital Inc.
$6.46$665.02M4.893.17%38.68%13.99%—
GPMT logoGPMTGranite Point Mortgage Trust Inc.
$0.84$40.11M-0.72187.77%-69.23%-15.79%—

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 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 $674.1M in revenue for fiscal year 2025. This represents a 7852% increase from $8.5M in 2008.

How fast is Ellington Financial Inc. growing?

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

Is EFC profitable?

Yes, Ellington Financial Inc. (EFC) is profitable, generating $222.2M in net income for fiscal year 2025 (21.8% net margin).

Dividend & Returns
Does EFC pay dividends?

Yes, Ellington Financial Inc. (EFC) pays a dividend with a yield of 14.88%. This makes it attractive for income-focused investors.

What is EFC's return on equity?

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

Industry Metrics
What is Ellington Financial Inc.'s FFO?

Ellington Financial Inc. (EFC) generated Funds From Operations (FFO) of $234.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is EFC a good dividend stock?

Ellington Financial Inc. (EFC) offers a 14.88% 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 →