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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $55.5M, roughly 1.9× MFA FINANCIAL, INC.). On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 9.2%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

AP vs MFA — Head-to-Head

Bigger by revenue
AP
AP
1.9× larger
AP
$104.4M
$55.5M
MFA
Growing faster (revenue YoY)
AP
AP
+2.2% gap
AP
11.5%
9.2%
MFA
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AP
AP
MFA
MFA
Revenue
$104.4M
$55.5M
Net Profit
$-57.7M
Gross Margin
Operating Margin
-54.0%
97.9%
Net Margin
-55.2%
Revenue YoY
11.5%
9.2%
Net Profit YoY
-1958.9%
EPS (diluted)
$-2.87
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AP
AP
MFA
MFA
Q4 25
$104.4M
$55.5M
Q3 25
$103.7M
$56.8M
Q2 25
$108.9M
$61.3M
Q1 25
$99.2M
$57.5M
Q4 24
$93.6M
$50.8M
Q3 24
$92.1M
$50.6M
Q2 24
$107.1M
$53.5M
Q1 24
$110.0M
$47.8M
Net Profit
AP
AP
MFA
MFA
Q4 25
$-57.7M
Q3 25
$-2.2M
$48.1M
Q2 25
$-7.3M
$33.2M
Q1 25
$1.1M
$41.2M
Q4 24
$3.1M
Q3 24
$-2.0M
$48.2M
Q2 24
$2.0M
$41.9M
Q1 24
$-2.7M
$23.2M
Operating Margin
AP
AP
MFA
MFA
Q4 25
-54.0%
97.9%
Q3 25
1.1%
84.5%
Q2 25
-2.8%
54.5%
Q1 25
3.9%
70.0%
Q4 24
5.5%
6.8%
Q3 24
2.0%
98.2%
Q2 24
4.7%
79.1%
Q1 24
0.1%
50.7%
Net Margin
AP
AP
MFA
MFA
Q4 25
-55.2%
Q3 25
-2.1%
84.7%
Q2 25
-6.7%
54.2%
Q1 25
1.2%
71.6%
Q4 24
3.3%
Q3 24
-2.1%
95.2%
Q2 24
1.9%
78.4%
Q1 24
-2.5%
48.5%
EPS (diluted)
AP
AP
MFA
MFA
Q4 25
$-2.87
$0.43
Q3 25
$-0.11
$0.35
Q2 25
$-0.36
$0.21
Q1 25
$0.06
$0.31
Q4 24
$0.16
$-0.01
Q3 24
$-0.10
$0.37
Q2 24
$0.10
$0.32
Q1 24
$-0.14
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AP
AP
MFA
MFA
Cash + ST InvestmentsLiquidity on hand
$10.7M
$213.2M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$32.6M
$1.8B
Total Assets
$495.4M
$13.0B
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
MFA
MFA
Q4 25
$10.7M
$213.2M
Q3 25
$15.0M
$305.2M
Q2 25
$9.9M
$275.7M
Q1 25
$7.1M
$253.7M
Q4 24
$15.4M
$338.9M
Q3 24
$11.8M
$305.6M
Q2 24
$7.9M
$289.4M
Q1 24
$10.8M
$306.3M
Total Debt
AP
AP
MFA
MFA
Q4 25
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Q1 24
$116.2M
Stockholders' Equity
AP
AP
MFA
MFA
Q4 25
$32.6M
$1.8B
Q3 25
$60.1M
$1.8B
Q2 25
$62.7M
$1.8B
Q1 25
$64.6M
$1.8B
Q4 24
$58.9M
$1.8B
Q3 24
$61.3M
$1.9B
Q2 24
$58.0M
$1.9B
Q1 24
$56.3M
$1.9B
Total Assets
AP
AP
MFA
MFA
Q4 25
$495.4M
$13.0B
Q3 25
$524.4M
$12.1B
Q2 25
$537.2M
$11.7B
Q1 25
$536.2M
$11.5B
Q4 24
$530.9M
$11.4B
Q3 24
$547.4M
$11.2B
Q2 24
$560.8M
$11.1B
Q1 24
$565.8M
$10.9B
Debt / Equity
AP
AP
MFA
MFA
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×
Q1 24
2.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AP
AP
MFA
MFA
Operating Cash FlowLast quarter
$2.7M
$76.2M
Free Cash FlowOCF − Capex
$-64.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
MFA
MFA
Q4 25
$2.7M
$76.2M
Q3 25
$6.3M
$14.7M
Q2 25
$-2.3M
$38.5M
Q1 25
$-5.3M
$-14.6M
Q4 24
$7.5M
$200.1M
Q3 24
$11.4M
$-11.3M
Q2 24
$-5.3M
$46.5M
Q1 24
$4.5M
$53.5M
Free Cash Flow
AP
AP
MFA
MFA
Q4 25
$-64.0K
Q3 25
$3.3M
Q2 25
$-3.8M
Q1 25
$-7.5M
Q4 24
$3.7M
Q3 24
$8.4M
Q2 24
$-8.0M
Q1 24
$1.7M
FCF Margin
AP
AP
MFA
MFA
Q4 25
-0.1%
Q3 25
3.2%
Q2 25
-3.5%
Q1 25
-7.5%
Q4 24
4.0%
Q3 24
9.1%
Q2 24
-7.5%
Q1 24
1.5%
Capex Intensity
AP
AP
MFA
MFA
Q4 25
2.7%
Q3 25
2.9%
Q2 25
1.3%
Q1 25
2.2%
Q4 24
4.0%
Q3 24
3.2%
Q2 24
2.5%
Q1 24
2.6%
Cash Conversion
AP
AP
MFA
MFA
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-4.62×
-0.35×
Q4 24
2.40×
Q3 24
-0.23×
Q2 24
-2.64×
1.11×
Q1 24
2.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

MFA
MFA

Segment breakdown not available.

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