Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
MFA Financial, Inc. 8.875% Senior Notes's quarterly P/E stands at 12.1x. EV/EBITDA has compressed 94.7% YoY to 62.8x, 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 → | 14.97 | 12.12 | 17.95 | 29.58 | 20.22 | — | 17.24 | 19.66 | 45.75 | — | — | — | — |
| — | — | +4.1% | +50.4% | -55.8% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.93 | 7.53 | 7.79 | 3.84 | 8.83 | 15.81 | 8.23 | 8.87 | 10.67 | — | — | — | — |
| — | -52.4% | -5.4% | -56.7% | -17.3% | — | — | — | — | — | — | — | — | |
| P/B Ratio | 1.45 | 1.45 | 1.45 | 1.44 | 1.44 | 1.43 | 1.44 | 1.41 | 1.43 | — | — | — | — |
| — | +1.4% | +0.7% | +2.2% | +0.4% | — | — | — | — | — | — | — | — | |
| P/FCF | 33.68 | 17.63 | 44.93 | 17.01 | — | 5.92 | — | 14.24 | 12.61 | — | — | — | — |
| — | +198.0% | — | +19.5% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 19.34 | 62.75 | 46.27 | 12.91 | — | 1178.26 | — | — | — | — | — | — | — |
| — | -94.7% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 19.34 | — | 12.63 | 12.98 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
MFA Financial, Inc. 8.875% Senior Notes's operating margin was 60.8% in Q4 2025, up 4.3 pp QoQ and up 54.9 pp YoY. The trailing four-quarter average of 71.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 24.6% YoY, indicating pricing power or improving input costs.
| 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 | 96.2% | 91.6% | 202.0% | 94.5% | 100.0% | 73.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | +24.6% | +102.0% | -5.5% | 0.0% | -26.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 78.8% | 60.8% | 56.5% | 95.9% | — | 5.8% | — | — | — | — | — | — | — |
| — | +938.7% | — | — | — | — | — | — | — | — | — | — | — | |
| Net Margin | 20.2% | 61.7% | 56.6% | 19.4% | 55.1% | 14.2% | 58.5% | 56.2% | 36.7% | 78.7% | 248.9% | -301.4% | 69.4% |
| — | +335.1% | -3.2% | -65.6% | +49.8% | -82.0% | -76.5% | +118.6% | -47.0% | +267.4% | +5.2% | -211.4% | -54.1% |
| 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 | 9.6% | 3.0% | 2.6% | 1.8% | 2.2% | 0.3% | 2.6% | 2.2% | 1.2% | 4.8% | -3.0% | -1.3% | 3.6% |
| — | +837.6% | +3.1% | -19.1% | +82.4% | -93.4% | +186.0% | +270.2% | -66.2% | +1335.4% | -13.0% | +70.7% | +207.2% | |
| ROA | 1.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.1% | 0.4% | 0.4% | 0.2% | 0.9% | -0.6% | -0.3% | 0.8% |
| — | +724.6% | -6.6% | -25.6% | +67.5% | -93.9% | +176.2% | +240.4% | -72.9% | +1094.0% | +1.8% | +73.7% | +190.8% | |
| ROIC | 4.4% | 0.4% | 0.5% | 1.3% | — | 0.0% | — | — | — | — | — | — | — |
| — | +2152.3% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
MFA Financial, Inc. 8.875% Senior Notes's Debt/EBITDA ratio is 205.4x, up from 136.6x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| 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 | 6.01 | 6.01 | 3.62 | 3.37 | 5.12 | 4.99 | 4.77 | 2.80 | 2.72 | 4.52 | 4.37 | 3.91 | 3.54 |
| — | +20.5% | -24.0% | +20.4% | +88.4% | +10.6% | +9.0% | -28.5% | -23.3% | +31.0% | +21.3% | +17.1% | +17.6% | |
| Debt / EBITDA | 15.93 | 205.41 | 136.62 | 37.40 | — | 3770.61 | — | — | — | — | — | — | — |
| — | -94.6% | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.18 | — | — | — | 38.19 | 30.45 | 38.42 | — | — | 51.40 | 49.86 | 55.77 | 55.68 |
| — | — | — | — | — | -40.8% | -22.9% | — | — | -18.3% | -13.5% | +0.6% | +10.7% | |
| Quick Ratio | 2.18 | — | — | — | 38.19 | 30.45 | 38.42 | — | — | 51.40 | 49.86 | 55.77 | 55.68 |
| — | — | — | — | — | -40.8% | -22.9% | — | — | -18.3% | -13.5% | +0.6% | +10.7% | |
| Interest Coverage | 1.34 | 0.40 | 1.37 | 1.29 | -0.01 | 0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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MFA Financial, Inc. 8.875% Senior Notes's current P/E is 15.0x. The average P/E over the last 4 quarters is 20.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
MFA Financial, Inc. 8.875% Senior Notes's current operating margin is 78.8%. Margins have been compressing 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 MFA Financial, Inc. 8.875% Senior Notes's business trajectory between earnings reports.