MFA Financial, Inc. (MFA) Earnings History
Profitable28 years of earnings data (1998–2025) · Positive TTM net income
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MFA Financial, Inc. (MFA) Earnings Overview
As of July 8, 2026, MFA Financial, Inc. (MFA) reported trailing twelve-month net income of $135M, reflecting +104.9% year-over-year growth. The company earned $1.28 per diluted share over the past four quarters, with a net profit margin of 20.2%.
Looking at the long-term picture, MFA's historical earnings data spans multiple years. The company achieved its highest annual net income of $378M in fiscal 2019.
MFA Financial, Inc. maintains industry-leading profitability with a gross margin of 96.2%, operating margin of 78.8%, and net margin of 20.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AGNC ($1.47B net income, 87.3% margin), NLY ($2.19B net income, 30.3% margin), TWO (-$343M net income, -75.0% margin), MFA has room to improve margins relative to the peer group. Compare MFA vs AGNC →
MFA Earnings vs Peers
Earnings metrics vs comparable public companies
MFA Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $177M | +48.2% | $690M | $1.68 | 20.2% | 78.8% |
| 2024 | $119M | +48.8% | $112M | $0.82 | 42.6% | 39.9% |
| 2023 | $80M | +134.6% | $69M | $0.46 | 34.3% | 29.6% |
| 2022 | -$232M | -170.4% | -$224M | $-2.40 | - | - |
| 2021 | $329M | +148.4% | $329M | $2.63 | 97.5% | 97.5% |
| 2020 | -$679M | -279.7% | $0 | $-6.01 | - | - |
| 2019 | $378M | +25.3% | $0 | $3.17 | 87.3% | 0.0% |
| 2018 | $302M | -6.4% | $534M | $2.86 | 86.8% | 153.5% |
| 2017 | $322M | +3.1% | $74M | $3.16 | 86.4% | 19.9% |
| 2016 | $313M | -0.2% | $93M | $3.20 | 87.2% | 25.9% |
| 2015 | $313M | -0.1% | $88M | $3.20 | 88.0% | 24.7% |
| 2014 | $314M | +3.6% | $28M | $3.24 | 87.4% | 7.9% |
| 2013 | $303M | -1.3% | $467M | $3.12 | 88.9% | 137.0% |
| 2012 | $307M | -3.0% | $479M | $3.32 | 87.9% | 137.1% |
| 2011 | $316M | +17.3% | $466M | $3.60 | 88.3% | 130.1% |
| 2010 | $270M | +0.6% | $415M | $3.72 | 91.1% | 140.1% |
| 2009 | $268M | +485.6% | $498M | $4.24 | 96.6% | 179.2% |
| 2008 | $46M | +51.6% | $46M | $0.84 | 70.8% | 70.8% |
| 2007 | $30M | +244.9% | $30M | $0.96 | 69.6% | 69.0% |
| 2006 | $9M | +30.6% | $5M | $0.04 | 53.3% | 31.9% |
| 2005 | $7M | -91.4% | $191M | $-0.08 | 16.3% | 463.9% |
| 2004 | $78M | +35.0% | $167M | $3.92 | 85.3% | 182.3% |
| 2003 | $58M | +3.1% | $116M | $4.28 | 87.2% | 174.2% |
| 2002 | $56M | +1382.4% | $120M | $5.40 | 90.5% | 192.9% |
| 2001 | $4M | -51.9% | $39M | $1.00 | 15.7% | 161.0% |
| 2000 | $8M | +3.5% | $38M | $1.14 | 76.2% | 367.8% |
| 1999 | $8M | +162.1% | $26M | $1.10 | 73.8% | 253.4% |
| 1998 | $3M | - | $8M | $0.42 | 63.0% | 163.0% |
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MFA — Frequently Asked Questions
Quick answers to the most common questions about buying MFA stock.
What is MFA earnings per share (EPS)?
MFA trailing twelve-month (TTM) diluted EPS is $1.28, reflecting +104.9% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1998 to 2025 is available in the table on this page.
What is MFA Financial, Inc.'s net income?
MFA Financial, Inc. (MFA) trailing twelve-month net income is $135M as of 2025. Earnings grew +104.9% year-over-year. MFA Financial, Inc. has been profitable for 3 consecutive years.
Is MFA profitable?
Yes, MFA is profitable with a TTM net income of $135M and a net profit margin of +20.2%. MFA Financial, Inc. has generated profits for 3 consecutive years.
What is MFA's earnings growth rate?
MFA compound annual EPS growth rates (CAGR): 1-Year: +104.9%, 3-Year: N/A, 5-Year: N/A, 10-Year: -6.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1998 to 2025.
What are MFA's profit margins?
MFA Financial, Inc. net profit margin is +20.2%, operating margin is +78.8%, and gross margin is +96.2%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +9.6%.
Is MFA growing earnings?
Yes, MFA earnings are accelerating — EPS growth of +104.9% exceeds the 5-year CAGR of N/A. TTM net income reached $135M. Earnings momentum is strengthening.
What was MFA's best earnings year?
MFA Financial, Inc.'s highest annual net income on record is $378M, achieved in fiscal year 2019. Earnings history on this page spans 1998 to 2025 and includes all annual and quarterly figures.
What were MFA's earnings last quarter?
MFA's most recent reported quarter was Q1 2026. Net income was $-984000.00 with diluted EPS of $-0.01. For a full breakdown of all quarters, see the quarterly earnings table on this page.