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Side-by-side financial comparison of Ellington Credit Co (EARN) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

SUTRO BIOPHARMA, INC. is the larger business by last-quarter revenue ($11.6M vs $6.1M, roughly 1.9× Ellington Credit Co). On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs -21.4%). Over the past eight quarters, Ellington Credit Co's revenue compounded faster (6.3% CAGR vs -5.4%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

EARN vs STRO — Head-to-Head

Bigger by revenue
STRO
STRO
1.9× larger
STRO
$11.6M
$6.1M
EARN
Growing faster (revenue YoY)
EARN
EARN
+1550.3% gap
EARN
1528.9%
-21.4%
STRO
Faster 2-yr revenue CAGR
EARN
EARN
Annualised
EARN
6.3%
-5.4%
STRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EARN
EARN
STRO
STRO
Revenue
$6.1M
$11.6M
Net Profit
$-2.0M
Gross Margin
Operating Margin
-35.6%
Net Margin
-32.6%
Revenue YoY
1528.9%
-21.4%
Net Profit YoY
-116.1%
35.4%
EPS (diluted)

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
EARN
EARN
STRO
STRO
Q4 25
$11.6M
Q3 25
$9.7M
Q2 25
$63.7M
Q1 25
$17.4M
Q4 24
$6.1M
$14.8M
Q3 24
$4.8M
$8.5M
Q2 24
$3.9M
$25.7M
Q1 24
$13.0M
Net Profit
EARN
EARN
STRO
STRO
Q4 25
Q3 25
$-56.9M
Q2 25
$-11.5M
Q1 25
$-76.0M
Q4 24
$-2.0M
$-72.4M
Q3 24
$5.4M
$-48.8M
Q2 24
$-815.0K
$-48.0M
Q1 24
$-58.2M
Operating Margin
EARN
EARN
STRO
STRO
Q4 25
Q3 25
-499.9%
Q2 25
-5.2%
Q1 25
-393.8%
Q4 24
-35.6%
-440.7%
Q3 24
-797.2%
Q2 24
-22.8%
-189.4%
Q1 24
-435.0%
Net Margin
EARN
EARN
STRO
STRO
Q4 25
Q3 25
-586.6%
Q2 25
-18.0%
Q1 25
-436.6%
Q4 24
-32.6%
-489.2%
Q3 24
114.6%
-572.6%
Q2 24
-20.9%
-186.8%
Q1 24
-447.5%
EPS (diluted)
EARN
EARN
STRO
STRO
Q4 25
Q3 25
$-0.67
Q2 25
$-0.14
Q1 25
$-0.91
Q4 24
$-27.63
Q3 24
$-0.59
Q2 24
$-0.59
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
EARN
EARN
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$31.8M
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$193.7M
$-132.5M
Total Assets
$824.1M
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EARN
EARN
STRO
STRO
Q4 25
$141.4M
Q3 25
$167.6M
Q2 25
$205.1M
Q1 25
$249.0M
Q4 24
$31.8M
$316.9M
Q3 24
$25.7M
$388.3M
Q2 24
$118.8M
$375.6M
Q1 24
$267.6M
Stockholders' Equity
EARN
EARN
STRO
STRO
Q4 25
$-132.5M
Q3 25
$-87.3M
Q2 25
$-32.1M
Q1 25
$-25.8M
Q4 24
$193.7M
$44.6M
Q3 24
$191.6M
$111.2M
Q2 24
$146.1M
$152.2M
Q1 24
$98.0M
Total Assets
EARN
EARN
STRO
STRO
Q4 25
$173.8M
Q3 25
$209.7M
Q2 25
$262.4M
Q1 25
$321.4M
Q4 24
$824.1M
$387.2M
Q3 24
$752.3M
$451.8M
Q2 24
$933.5M
$489.0M
Q1 24
$403.4M

Cash Flow & Capital Efficiency

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

Metric
EARN
EARN
STRO
STRO
Operating Cash FlowLast quarter
$4.4M
$-177.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EARN
EARN
STRO
STRO
Q4 25
$-177.2M
Q3 25
$-38.2M
Q2 25
$-44.7M
Q1 25
$-67.9M
Q4 24
$4.4M
$-71.7M
Q3 24
$3.2M
$-64.5M
Q2 24
$2.7M
$9.5M
Q1 24
$-64.7M
Cash Conversion
EARN
EARN
STRO
STRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.60×
Q2 24
Q1 24

Financial Flow Comparison

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

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