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6Material company update
Jun 8, 2026·SEC
Material company update
May 29, 2026·SEC
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May 28, 2026·SEC
Ellington Financial Inc.(EFC-PC)Earnings, Financials & Key Ratios
EFC-PC•NYSE•REIT / Real Estate
$25.18
21.2× P/E·Price updated Jul 7, 2026
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$675M+139.0%
- FFO$147M+0.7%
- FFO/Share1.48-12.1%
- FFO Payout125.03%+11.5%
- FFO per Share1.48-12.1%
- NOI Margin84.26%-15.7%
- FFO Margin21.77%-57.9%
- ROE8.48%-9.1%
- ROA0.82%-10.7%
EFC-PC Price & Volume
Ellington Financial Inc. (EFC-PC) stock price & volume — 10-year historical chart
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Aggressive Asset Expansion Masks Persistent Leverage Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Excessive leverage and volatility
Key Thesis Takeaways
- Ellington Financial is currently undergoing a rapid transformation following the integration of Arlington Asset Investment Corp, which drove revenue to $228.8 million in 2026Q1.
- While this scale expansion is notable, the firm's reliance on high leverage, evidenced by a 9.03x debt-to-equity ratio, and the historical disconnect between GAAP earnings and cash-based performance remain significant concerns.
- Investors should monitor whether the company can stabilize its NOI margins, which compressed to 88.2% in 2026Q1, while managing the inherent volatility of its fair-value-accounted asset portfolio.
Verdict Logic
while revenue has surged to $228.8 million, the persistent 9.03x debt-to-equity ratio and historical inability to cover dividends with AFFO suggest significant underlying financial risk.
EFC-PC Growth Metrics
Ellington Financial Inc. (EFC-PC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years28.91%
5 Years80.56%
3 Years150.05%
TTM105.67%
Profit CAGR
10 Years14.45%
5 Years42.49%
3 Years-
TTM41.41%
EPS CAGR
10 Years0.52%
5 Years25%
3 Years-
TTM18.57%
Return on Capital
10 Years1.97%
5 Years2.3%
3 Years1.44%
Last Year2.52%
EFC-PC Recent Earnings
Ellington Financial Inc. (EFC-PC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.55+25.4%
$0.44
Rev
$171M+50.1%
$114M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.47+2.4%
$0.46
Rev
$78M-23.1%
$102M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.36-18.0%
$0.44
Rev
$77M-20.8%
$97M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.52+30.7%
$0.40
Rev
$92M-29.1%
$129M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.55vs $0.44+25.4% | $171Mvs $114M+50.1% |
| Q1 2026 | Feb 25, 2026 | $0.47vs $0.46+2.4% | $78Mvs $102M-23.1% |
| Q4 2025 | Nov 4, 2025 | $0.36vs $0.44-18.0% | $77Mvs $97M-20.8% |
| Q3 2025 | Aug 4, 2025 | $0.52vs $0.40+30.7% | $92Mvs $129M-29.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ellington Financial Inc. (EFC-PC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.18 | $2.69B | 21.16 | 139.04% | 21.77% | 8.48% | 7.33% | |
| $9.36 | $955.6M | 5.57 | 213.02% | 20.7% | 7.43% | — | |
| $4.32 | $162.3M | -11.37 | -15.99% | -14.73% | -2.76% | — | |
| $7.71 | $244.68M | 8.57 | 14.4% | 6.82% | 6.11% | — | |
| $7.84 | $561.68M | 5.94 | 3.17% | 22% | 7.84% | — | |
| $13.48 | $1.34B | 11.33 | 139.04% | 36.47% | 11.68% | — |
Compare EFC-PC vs Peers
Ellington Financial Inc. (EFC-PC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EFC-PC SEC Filings & Documents
Ellington Financial Inc. (EFC-PC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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EFC-PC Frequently Asked Questions
Ellington Financial Inc. (EFC-PC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ellington Financial Inc.'s revenue?
Ellington Financial Inc. (EFC-PC) reported $585.5M in revenue for fiscal year 2025. This represents a 6806% increase from $8.5M in 2008.
How fast is Ellington Financial Inc. growing?
Ellington Financial Inc. (EFC-PC) grew revenue by 139.0% over the past year. This is strong growth.
Is EFC-PC profitable?
Yes, Ellington Financial Inc. (EFC-PC) is profitable, generating $213.5M in net income for fiscal year 2025 (21.8% net margin).
Dividend & Returns
Does EFC-PC pay dividends?
Yes, Ellington Financial Inc. (EFC-PC) pays a dividend with a yield of 7.33%. This makes it attractive for income-focused investors.
What is EFC-PC's return on equity?
Ellington Financial Inc. (EFC-PC) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.
Industry Metrics
Is EFC-PC a good dividend stock?
Ellington Financial Inc. (EFC-PC) offers a 7.33% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.