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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $40.3M, roughly 1.4× Cambium Networks Corp). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -23.2%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

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.

CMBM vs MFA — Head-to-Head

Bigger by revenue
MFA
MFA
1.4× larger
MFA
$55.5M
$40.3M
CMBM
Growing faster (revenue YoY)
MFA
MFA
+32.4% gap
MFA
9.2%
-23.2%
CMBM
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
MFA
MFA
Revenue
$40.3M
$55.5M
Net Profit
$-7.2M
Gross Margin
36.6%
Operating Margin
-28.4%
97.9%
Net Margin
-17.9%
Revenue YoY
-23.2%
9.2%
Net Profit YoY
71.0%
EPS (diluted)
$-0.26
$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
CMBM
CMBM
MFA
MFA
Q4 25
$55.5M
Q3 25
$56.8M
Q2 25
$61.3M
Q1 25
$57.5M
Q4 24
$40.3M
$50.8M
Q3 24
$44.7M
$50.6M
Q2 24
$45.2M
$53.5M
Q1 24
$47.1M
$47.8M
Net Profit
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
$48.1M
Q2 25
$33.2M
Q1 25
$41.2M
Q4 24
$-7.2M
Q3 24
$-34.5M
$48.2M
Q2 24
$-14.2M
$41.9M
Q1 24
$-18.4M
$23.2M
Gross Margin
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
MFA
MFA
Q4 25
97.9%
Q3 25
84.5%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
-28.4%
6.8%
Q3 24
-69.6%
98.2%
Q2 24
-27.2%
79.1%
Q1 24
-33.1%
50.7%
Net Margin
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
84.7%
Q2 25
54.2%
Q1 25
71.6%
Q4 24
-17.9%
Q3 24
-77.3%
95.2%
Q2 24
-31.5%
78.4%
Q1 24
-39.2%
48.5%
EPS (diluted)
CMBM
CMBM
MFA
MFA
Q4 25
$0.43
Q3 25
$0.35
Q2 25
$0.21
Q1 25
$0.31
Q4 24
$-0.26
$-0.01
Q3 24
$-1.22
$0.37
Q2 24
$-0.51
$0.32
Q1 24
$-0.66
$0.14

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
MFA
MFA
Cash + ST InvestmentsLiquidity on hand
$213.2M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$1.8B
Total Assets
$173.7M
$13.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
MFA
MFA
Q4 25
$213.2M
Q3 25
$305.2M
Q2 25
$275.7M
Q1 25
$253.7M
Q4 24
$338.9M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Total Debt
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
MFA
MFA
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$-3.2M
$1.8B
Q3 24
$1.9M
$1.9B
Q2 24
$34.1M
$1.9B
Q1 24
$45.0M
$1.9B
Total Assets
CMBM
CMBM
MFA
MFA
Q4 25
$13.0B
Q3 25
$12.1B
Q2 25
$11.7B
Q1 25
$11.5B
Q4 24
$173.7M
$11.4B
Q3 24
$194.3M
$11.2B
Q2 24
$221.1M
$11.1B
Q1 24
$219.8M
$10.9B
Debt / Equity
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
MFA
MFA
Operating Cash FlowLast quarter
$-10.4M
$76.2M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
MFA
MFA
Q4 25
$76.2M
Q3 25
$14.7M
Q2 25
$38.5M
Q1 25
$-14.6M
Q4 24
$-10.4M
$200.1M
Q3 24
$8.9M
$-11.3M
Q2 24
$2.4M
$46.5M
Q1 24
$-15.9M
$53.5M
Free Cash Flow
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Cash Conversion
CMBM
CMBM
MFA
MFA
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
Q3 24
-0.23×
Q2 24
1.11×
Q1 24
2.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

MFA
MFA

Segment breakdown not available.

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