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Ellington Financial Inc.(EFC-PD)Earnings, Financials & Key Ratios
EFC-PD•NYSE•REIT / Real Estate
$22.96
19.3× 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-PD Price & Volume
Ellington Financial Inc. (EFC-PD) stock price & volume — 10-year historical chart
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Aggressive Asset Expansion Masks Persistent Leverage Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Accelerating
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High repo leverage sensitivity
Key Thesis Takeaways
- Ellington Financial has demonstrated rapid revenue growth, reaching $228.8M in 2026Q1, yet this expansion is heavily reliant on a 9.03x debt-to-equity ratio that leaves the firm vulnerable to market volatility.
- The persistent disconnect between GAAP net income and recurring cash flow, highlighted by historical negative AFFO, suggests that dividend sustainability remains a primary concern for investors.
- Future performance will likely depend on the firm's ability to manage interest rate sensitivity within its $17.7B debt portfolio while navigating the inherent subjectivity of its mark-to-market asset valuations.
Verdict Logic
the firm's reliance on high leverage, evidenced by a 9.03x debt-to-equity ratio, combined with a history of negative AFFO, suggests significant risks to long-term capital preservation and dividend stability.
EFC-PD Growth Metrics
Ellington Financial Inc. (EFC-PD) 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-PD Recent Earnings
Ellington Financial Inc. (EFC-PD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (100%)●Beat Revenue 1/12 qtrs (17%)
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
—
Rev
$77M
—
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$0.52
—
Rev
$86M-30.5%
$124M
| 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 | $0.36 | $77M |
| Q3 2025 | Aug 8, 2025 | $0.52 | $86Mvs $124M-30.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ellington Financial Inc. (EFC-PD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $22.96 | $2.46B | 19.29 | 139.04% | 21.77% | 8.48% | 8.04% | |
| $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% | — | |
| $1.44 | $69M | -1.24 | 187.77% | -30.49% | -7.1% | — | |
| $1.68 | $277.57M | -1.17 | 1725.96% | -290.69% | -29.57% | — |
Compare EFC-PD vs Peers
Ellington Financial Inc. (EFC-PD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EFC-PD SEC Filings & Documents
Ellington Financial Inc. (EFC-PD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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EFC-PD Frequently Asked Questions
Ellington Financial Inc. (EFC-PD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ellington Financial Inc.'s revenue?
Ellington Financial Inc. (EFC-PD) 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-PD) grew revenue by 139.0% over the past year. This is strong growth.
Is EFC-PD profitable?
Yes, Ellington Financial Inc. (EFC-PD) is profitable, generating $213.5M in net income for fiscal year 2025 (21.8% net margin).
Dividend & Returns
Does EFC-PD pay dividends?
Yes, Ellington Financial Inc. (EFC-PD) pays a dividend with a yield of 8.04%. This makes it attractive for income-focused investors.
What is EFC-PD's return on equity?
Ellington Financial Inc. (EFC-PD) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.
Industry Metrics
Is EFC-PD a good dividend stock?
Ellington Financial Inc. (EFC-PD) offers a 8.04% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.