Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Ellington Financial Inc.'s quarterly P/E stands at 24.2x, up 100.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 80.4% YoY to 36.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.42 | 24.25 | 11.19 | 7.22 | 9.47 | 12.12 | 17.90 | 4.87 | 9.23 | 18.69 | 32.44 | 80.99 | 5.26 |
| — | +100.1% | -37.5% | +48.2% | +2.7% | -35.2% | -44.8% | -94.0% | +75.3% | +250.6% | — | — | — | |
| P/S Ratio | 2.00 | 2.29 | 2.68 | 3.61 | 4.20 | 4.09 | 4.65 | 3.01 | 3.57 | 2.90 | 4.38 | 4.31 | 2.77 |
| — | -44.0% | -42.4% | +19.9% | +17.6% | +41.0% | +6.3% | -30.2% | +28.8% | +74.9% | -84.1% | — | -92.0% | |
| P/B Ratio | 0.72 | 0.72 | 0.73 | 0.74 | 0.74 | 0.68 | 0.70 | 0.65 | 0.64 | 0.60 | 0.64 | 0.70 | 0.60 |
| — | +6.2% | +5.2% | +12.9% | +15.5% | +13.9% | +9.1% | -6.4% | +7.2% | -5.4% | +10.3% | -2.2% | -22.5% | |
| P/FCF | 2.66 | — | — | — | — | — | — | — | — | 4.50 | — | 121.77 | — |
| — | — | — | — | — | — | — | — | — | — | — | +2573.3% | — | |
| EV / EBITDA | 39.45 | 36.81 | 37.31 | 7.29 | 126.00 | 188.12 | 230.19 | 4.30 | 6.35 | 207.31 | 233.33 | 198.58 | 78.52 |
| — | -80.4% | -83.8% | +69.4% | +1883.7% | -9.3% | -1.3% | -97.8% | -91.9% | +435.3% | — | — | — | |
| EV / EBIT | 43.62 | 36.81 | 37.31 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ellington Financial Inc.'s operating margin was 71.1% in Q4 2025, down 9.3 pp QoQ and up 40.6 pp YoY. The trailing four-quarter average of 58.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 17.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3% | 83.0% | 80.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -17.0% | -19.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +15.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 61.6% | 71.1% | 80.4% | 41.1% | 42.8% | 30.5% | 26.3% | 56.4% | 45.7% | 21.4% | 29.2% | 30.7% | 55.6% |
| — | +133.1% | +205.1% | -27.1% | -6.3% | +42.5% | -9.9% | +84.0% | -17.9% | -73.2% | +142.3% | -75.4% | +151.4% | |
| Net Margin | 21.8% | 14.7% | 29.7% | 57.9% | 53.5% | 45.6% | 37.8% | 69.3% | 48.1% | 23.6% | 25.7% | 16.3% | 59.3% |
| — | -67.8% | -21.2% | -16.5% | +11.3% | +93.4% | +46.7% | +324.9% | -18.9% | +3.0% | +105.4% | -90.1% | +171.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.5% | 1.2% | 2.1% | 3.0% | 2.4% | 1.9% | 1.4% | 3.8% | 2.2% | 1.3% | 0.9% | 0.7% | 3.4% |
| — | -36.9% | +45.9% | -20.6% | +10.3% | +44.6% | +53.4% | +479.7% | -35.9% | -41.5% | +138.4% | +113.7% | +838.7% | |
| ROA | 0.8% | 0.1% | 0.2% | 0.3% | 0.2% | 0.2% | 0.1% | 0.4% | 0.2% | 0.1% | 0.1% | 0.1% | 0.3% |
| — | -37.6% | +41.4% | -24.3% | +6.4% | +49.3% | +69.4% | +526.4% | -29.4% | -51.9% | +118.6% | +106.1% | +382.6% | |
| ROIC | 3.1% | 0.4% | 0.8% | 0.3% | 0.1% | 0.1% | 0.1% | 0.5% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% |
| — | +349.2% | +449.5% | -32.8% | -10.6% | +9.7% | +85.4% | +392.0% | -28.9% | -87.7% | +238.3% | +114.5% | +295.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ellington Financial Inc.'s Debt/EBITDA ratio is 137.9x — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 9.07 | 9.07 | 8.67 | — | 8.90 | 8.98 | 8.53 | — | 8.50 | 8.68 | 9.46 | 9.31 | 8.98 |
| — | +1.0% | +1.7% | — | +4.7% | +3.4% | -9.8% | — | -5.3% | -14.5% | +134.3% | +147.2% | +177.7% | |
| Debt / EBITDA | 36.95 | 137.90 | 139.12 | — | 471.28 | 708.39 | 863.62 | — | 414.12 | 788.66 | 885.76 | 749.78 | 298.70 |
| — | -80.5% | -83.9% | — | +13.8% | -10.2% | -2.5% | — | +38.6% | +431.6% | — | — | — | |
| Current Ratio | 0.08 | 1.47 | 0.04 | — | — | — | — | — | 2.99 | 0.07 | — | 4.35 | 2.44 |
| — | — | — | — | — | — | — | — | +22.5% | — | — | — | — | |
| Quick Ratio | 0.08 | 1.47 | 0.04 | — | — | — | — | — | 2.99 | 0.07 | — | 4.35 | 2.09 |
| — | — | — | — | — | — | — | — | +42.8% | — | — | — | — | |
| Interest Coverage | 1.51 | 1.42 | 1.53 | 0.49 | 0.43 | 0.29 | 0.22 | 0.72 | 0.45 | 0.24 | 0.21 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Ellington Financial Inc.'s current P/E is 11.4x. The average P/E over the last 4 quarters is 13.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ellington Financial Inc.'s current operating margin is 61.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ellington Financial Inc.'s business trajectory between earnings reports.