Ellington Financial Inc.(EFC-PD)Earnings, Financials & Key Ratios

EFC-PD•NYSE•REIT / Real Estate

$23.17

$2.3B mkt cap·19.5× P/E·Price updated May 6, 2026

SectorReal Estate IndustryMortgage REITs Sub-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 mortgage; 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; and consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.Show more

Revenue$190M-32.7%
FFO$147M+0.7%
FFO/Share1.48-13.0%
FFO Payout125.03%+11.5%
FFO per Share1.48-13.0%
NOI Margin55.97%-44.0%
FFO Margin77.32%+49.6%
ROE8.48%-9.1%
ROA0.82%-10.7%
Debt/Assets87.65%
Net Debt/EBITDA41.65+2617.2%
Book Value/Share18.82+1.6%

Technical→

EFC-PD Key Insights

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

✓Strengths

✓Trading at only 1.2x book value

✗Weaknesses

✗High debt to equity ratio of 9.1x
✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 15.8% in last year

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

EFC-PD Price & Volume

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

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EFC-PD Growth Metrics

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

Revenue CAGR

10 Years13.56%

5 Years43.46%

3 Years63.9%

TTM-43.33%

Profit CAGR

10 Years14.45%

5 Years-

3 Years-

TTM0.69%

EPS CAGR

10 Years0.52%

5 Years-

3 Years-

TTM-8.28%

Return on Capital

10 Years1.47%

5 Years1.27%

3 Years0.66%

Last Year0.53%

EFC-PD Recent Earnings

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

Full history →

●Beat EPS 1/12 qtrs (100%)●Beat Revenue 0/12 qtrs (0%)

Q1 2026Latest

Feb 25, 2026

EPS

$0.47

Est $0.46

+2.4%

Revenue

$78M

Est $102M

-23.1%

Q4 2025

Nov 4, 2025

EPS

$0.36

Revenue

$77M

Q3 2025

Aug 8, 2025

EPS

$0.52

Revenue

$86M

Est $124M

-30.5%

Q2 2025

May 7, 2025

EPS

$0.45

Revenue

$72M

Est $106M

-31.8%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 25, 2026	$0.47vs $0.46+2.4%	$78Mvs $102M-23.1%
Q4 2025	Nov 4, 2025	$0.36	$77M
Q3 2025	Aug 8, 2025	$0.52	$86Mvs $124M-30.5%
Q2 2025	May 7, 2025	$0.45	$72Mvs $106M-31.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
MFAMFA Financial, Inc.Direct Competitor	997.46M	9.77	5.82	213.02%	39.14%	7.42%	7.64%	6.01
EARNEllington Credit CompanyDirect Competitor	182.16M	4.85	20.21	-8.45%	13%	-2.76%	5%	2.91
MITTTPG Mortgage Investment Trust IncDirect Competitor	250.39M	7.89	8.77	14.4%	6.82%	6.11%	23.79%	14.45
GPMTGranite Point Mortgage Trust Inc.Direct Competitor	70.87M	1.49	-1.28	187.77%	-30.37%	-7.14%	3.76%	2.12
RCReady Capital CorporationDirect Competitor	330.14M	2.04	-0.78	-92.98%	-15.93%	-16.58%		3.12
NLYAnnaly Capital Management, Inc.Product Competitor	16.19B	22.54	7.72	5.35%	30.28%	14.05%		6.92
AGNCAGNC Investment Corp.Product Competitor	9.68B	10.79	11.60	384.69%	24.23%	7.32%	0.89%	0.01
TWOTwo Harbors Investment Corp.Product Competitor	1.29B	12.25	-2.81	-28.4%	-44.82%	-19.11%	6.91%	4.79

Compare EFC-PD vs Peers

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

Closest Rival

vs MFA

Most directly comparable listed peer for EFC-PD.

Scale Benchmark

vs NLY

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

Peer Set

Compare Top 5

vs MFA, EARN, MITT, GPMT

EFC-PD Income Statement

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

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	10.74M	76.83M	85.16M	31.26M	121.96M	43.15M	251.79M	282.19M	189.96M
Revenue Growth %	357.73%	615.18%	10.84%	-63.3%	290.19%	-64.62%	483.56%	12.07%	-32.68%
Property Operating Expenses	21.4M	415K	22.34M	25.76M	42.33M	19.6M	0	0	83.63M
Net Operating Income (NOI)	-10.66M▲ 0%	76.42M▲ 816.9%	62.81M▼ 17.8%	5.5M▼ 91.2%	79.62M▲ 1348.2%	23.55M▼ 70.4%	251.79M▲ 969.3%	282.19M▲ 12.1%	106.32M▼ 62.3%
NOI Margin %	-99.22%	99.46%	73.76%	17.59%	65.29%	54.58%	100%	100%	55.97%
Operating Expenses	4.15M	26.92M	30.63M	29.43M	36.36M	68.12M	256.5M	165.92M	13.05M
G&A Expenses	2.24M	9.97M	14.82M	16.52M	20.91M	30.49M	68.49M	65.69M	13.05M
EBITDA	116.62M	154.48M	128.85M	102.77M	218.46M	298.81M	131.95M	116.27M	402.44M
EBITDA Margin %	1085.53%	201.06%	151.3%	328.81%	179.13%	692.54%	52.41%	41.2%	211.86%
Depreciation & Amortization	51.52M	51.09M	69.36M	66.39M	81.86M	184.35M	28.47M	0	0
D&A / Revenue %	479.55%	66.5%	81.44%	212.4%	67.12%	427.25%	11.31%	0%	0%
Operating Income	65.1M▲ 0%	103.38M▲ 58.8%	59.49M▼ 42.5%	36.39M▼ 38.8%	136.61M▲ 275.4%	114.46M▼ 16.2%	103.48M▼ 9.6%	116.27M▲ 12.4%	93.27M▼ 19.8%
Operating Margin %	605.99%	134.56%	69.86%	116.41%	112.01%	265.29%	41.1%	41.2%	49.1%
Interest Expense	8.17M	56.71M	0	61.66M	0	0	262.45M	279.61M	304.53M
Interest Coverage	2.54x	1.65x	-	1.61x	-	-	1.34x	0.42x	1.32x
Non-Operating Income	-35.57M	-43.73M	0	-85.44M	0	0	-247.33M	116.27M	0
Pretax Income	6.59M▲ 0%	49.91M▲ 656.8%	54.53M▲ 9.2%	1.82M▼ 96.7%	85.6M▲ 4600.5%	-24.97M▼ 129.2%	88.36M▲ 453.8%	148.72M▲ 68.3%	97.91M▼ 34.2%
Pretax Margin %	61.39%	64.96%	64.03%	5.83%	70.19%	-57.87%	35.09%	52.7%	51.54%
Income Tax	400K	3.23M	1.56M	11.38M	3.14M	-17.72M	457K	612K	3.79M
Effective Tax Rate %	6.07%	6.48%	2.86%	624.82%	3.67%	70.95%	0.52%	0.41%	3.87%
Net Income	6.2M▲ 0%	46.68M▲ 653.4%	57.93M▲ 24.1%	-9.56M▼ 116.5%	82.45M▲ 962.7%	-7.25M▼ 108.8%	84.08M▲ 1259.0%	145.86M▲ 73.5%	146.87M▲ 0.7%
Net Margin %	57.67%	60.75%	68.03%	-30.58%	67.61%	-16.81%	33.39%	51.69%	77.32%
Net Income Growth %	138.7%	653.45%	24.12%	-116.5%	962.74%	-108.8%	1258.98%	73.47%	0.69%
Funds From Operations (FFO)	57.71M▲ 0%	97.77M▲ 69.4%	127.29M▲ 30.2%	56.83M▼ 55.4%	164.31M▲ 189.1%	177.09M▲ 7.8%	112.56M▼ 36.4%	145.86M▲ 29.6%	146.87M▲ 0.7%
FFO Margin %	537.21%	127.25%	149.47%	181.82%	134.73%	410.44%	44.7%	51.69%	77.32%
FFO Growth %	31.2%	69.41%	30.19%	-55.35%	189.12%	7.78%	-36.44%	-	-
FFO per Share	1.77	3.18	3.97	1.29	3.34	2.92	1.63	1.70	1.48
FFO Payout Ratio %	99.87%	51.89%	42.67%	114.42%	52.16%	69.49%	132.62%	112.12%	125.03%
EPS (Diluted)	0.19▲ 0%	1.52▲ 700.0%	1.76▲ 15.8%	-0.22▼ 112.5%	1.68▲ 863.6%	-0.12▼ 107.1%	0.88▲ 833.3%	1.37▲ 55.7%	1.19▼ 13.1%
EPS Growth %	139.58%	700%	15.79%	-112.5%	863.64%	-107.14%	833.33%	55.68%	-13.14%
EPS (Basic)	0.19	1.54	1.76	-0.22	1.68	-0.12	0.89	1.39	1.19
Diluted Shares Outstanding	32.57M	30.71M	32.07M	44.12M	49.21M	60.62M	69.06M	85.88M	99.44M

EFC-PD Balance Sheet

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

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	2.99B	3.97B	4.34B	3.41B	5.18B	14.09B	15.32B	16.32B	19.35B
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	-3.91B	-4.34B	-3.41B	-4.72B	-13.36B	-14.28B	644.04M	-171.64M
PP&E (Net)	0	0	0	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets	76.92M	934.95M	275.25M	224.11M	0	0	0	192.39M	201.89M
Cash & Equivalents	47.23M	44.66M	72.3M	111.65M	92.66M	217.05M	228.93M	192.39M	201.89M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Assets	0	0	0	0	-308.38M	-393.23M	-761.06M	-211.27M	0
Intangible Assets	0	0	0	0	0	8.11M	29.58M	29.77M	28.91M
Total Liabilities	2.37B	3.38B	3.47B	2.49B	3.85B	12.87B	13.78B	14.73B	17.48B
Total Debt	1.48B	2B	3.28B	2.39B	0	0	0	0	16.96B
Net Debt	1.43B	1.95B	3.2B	2.28B	-92.66M	-217.05M	-228.93M	-192.39M	16.76B
Long-Term Debt	267.79M	497.08M	830.03M	0	0	0	0	0	16.96B
Short-Term Borrowings	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Total Current Liabilities	212.49M	495.57M	80.43M	13.72M	0	0	0	0	137.29M
Accounts Payable	208.61M	495.57M	80.43M	13.72M	53.99M	84.02M	71.86M	57.28M	82.32M
Deferred Revenue	-996.82M	-1B	-2.56B	-1.76B	0	0	0	0	0
Other Liabilities	-267.79M	-497.08M	-830.03M	0	0	0	0	0	380.88M
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 Equity	600.1M	563.83M	829.26M	885.22M	1.29B	1.2B	1.52B	1.57B	1.83B
Minority Interest	20.86M	31.34M	39.43M	36.36M	32.23M	24.92M	18.54M	20.35M	36.9M
Common Stock	589.72M	563.83M	39K	44K	58K	64K	83K	91K	113K
Additional Paid-in Capital	10.38M	0	821.75M	915.66M	1.16B	1.26B	1.51B	1.61B	1.92B
Retained Earnings	600.1M	563.83M	-103.56M	-141.52M	-97.28M	-290.88M	-353.36M	-375.11M	-412.96M
Preferred Stock	0	0	111.03M	111.03M	226.94M	227.43M	355.55M	331.96M	331.96M
Return on Assets (ROA)	0.23%	1.34%	1.39%	-0.25%	1.92%	-0.08%	0.57%	0.92%	0.82%
Return on Equity (ROE)	0.98%	7.68%	7.92%	-1.07%	7.34%	-0.57%	6.1%	9.33%	8.48%
Debt / Assets	49.35%	50.26%	75.5%	69.96%	-	-	-	-	87.65%
Debt / Equity	2.38x	3.35x	3.77x	2.59x	-	-	-	-	9.07x
Net Debt / EBITDA	12.26x	12.63x	24.86x	22.15x	-0.42x	-0.73x	-1.73x	-1.65x	41.65x
Book Value per Share	19.07	19.38	27.09	20.89	26.89	20.14	22.23	18.52	18.82

EFC-PD Cash Flow Statement

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

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	-462.7M	-494.18M	79.25M	119.51M	51.29M	42.69M	-241.86M	-430.53M	-925.46M
Operating CF Growth %	-763.92%	-6.8%	116.04%	50.8%	-57.08%	-16.78%	-666.6%	-78.01%	-114.96%
Operating CF / Revenue %	-4307.03%	-643.2%	93.06%	382.35%	42.06%	98.93%	-96.06%	-152.57%	-487.19%
Net Income	35.96M	49.91M	63.18M	28.38M	140.56M	-70.87M	84.08M	148.1M	0
Depreciation & Amortization	32.86M	46.16M	0	0	0	0	0	0	0
Stock-Based Compensation	385K	415K	475K	734K	2.21M	1.82M	1.36M	0	0
Other Non-Cash Items	63.41M	142.58M	31.91M	75.9M	-36.1M	179.1M	-127.84M	-140.6M	13.02M
Working Capital Changes	-16.21M	76.28M	-16.31M	14.49M	-55.38M	-66.95M	-199.46M	-438.03M	-938.49M
Cash from Investing	-768.78M	-1.2B	-1.66B	507.27M	-2.03B	-1.75B	174.91M	-728.26M	-4.07B
Acquisitions (Net)	0	0	-42.12M	-34.62M	-24.07M	-49.1M	-21.78M	-119.99M	0
Purchase of Investments	-2.73B	-3.06B	-4.84B	-2.62B	-5.1B	-5.91B	-6.2B	-6.77B	-402.46M
Sale of Investments	1.96B	1.87B	3.15B	3.07B	2.99B	4.02B	6.06B	5.81B	0
Other Investing	0	0	14.48M	62.7M	-62.38M	218.1M	346.07M	353.94M	-3.66B
Cash from Financing	386.66M	491.6M	1.61B	-587.43M	1.95B	1.84B	75.63M	1.14B	5.12B
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)	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K
Share Repurchases	-14.64M	-23.13M	-782K	-3.06M	0	-1.66M	-12.35M	-24.61M	0
Other Financing	9.84M	-3.1M	-10.16M	-622K	-54.03M	37.5M	23.91M	-23.59M	6.37M
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 Effect	768.78M	1.2B	0	0	0	0	0	0	0
Cash at Beginning	123.27M	47.66M	45.08M	72.48M	111.82M	92.84M	221.87M	230.54M	208.95M
Cash at End	47.23M	45.08M	72.48M	111.82M	92.84M	221.87M	230.54M	208.95M	338.19M
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%	-925.46M▼ 115.0%
FCF Growth %	-763.92%	-6.8%	126.11%	16.39%	49.27%	-98.4%	-6859.59%	-78.01%	-114.96%
FCF / Revenue %	-4307.03%	-643.2%	151.49%	480.39%	183.78%	8.29%	-96.06%	-152.57%	-487.19%

EFC-PD Key Ratios

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	1.32	1.77	3.18	3.97	1.29	3.34	2.92	1.63	1.7	1.48
FFO Payout Ratio	148.1%	99.87%	51.89%	42.67%	114.42%	52.16%	69.49%	132.62%	112.12%	125.03%
NOI Margin	-806.69%	-99.22%	99.46%	73.76%	17.59%	65.29%	54.58%	100%	100%	55.97%
Net Debt / EBITDA	15.50x	12.26x	12.63x	24.86x	22.15x	-0.42x	-0.73x	-1.73x	-1.65x	41.65x
Debt / Assets	43.83%	49.35%	50.26%	75.5%	69.96%	-	-	-	-	87.65%
Interest Coverage	0.06x	2.54x	1.65x	-	1.61x	-	-	1.34x	0.42x	1.32x
Book Value / Share	19.42	19.07	19.38	27.09	20.89	26.89	20.14	22.23	18.52	18.82
Revenue Growth	-95.59%	357.73%	615.18%	10.84%	-63.3%	290.19%	-64.62%	483.56%	12.07%	-32.68%

EFC-PD SEC Filings & Documents

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

8-K Announcements

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

FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

10-Q Quarterly Reports

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 12, 2025·SEC

EFC-PD Frequently Asked Questions

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

Growth & Financials

Ellington Financial Inc. (EFC-PD) reported $190.0M in revenue for fiscal year 2025. This represents a 2141% increase from $8.5M in 2008.

Ellington Financial Inc. (EFC-PD) saw revenue decline by 32.7% over the past year.

Yes, Ellington Financial Inc. (EFC-PD) is profitable, generating $146.9M in net income for fiscal year 2025 (77.3% net margin).

Dividend & Returns

Yes, Ellington Financial Inc. (EFC-PD) pays a dividend with a yield of 7.97%. This makes it attractive for income-focused investors.

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

Industry Metrics

Ellington Financial Inc. (EFC-PD) offers a 7.97% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More EFC-PD

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

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Ellington Financial Inc.(EFC-PD)Earnings, Financials & Key Ratios

EFC-PD Key Insights

✓Strengths

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EFC-PD Price & Volume

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