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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Enlight Renewable Energy Ltd. (ENLT). Click either name above to swap in a different company.

Enlight Renewable Energy Ltd. is the larger business by last-quarter revenue ($109.5M vs $78.2M, roughly 1.4× Ellington Financial Inc.).

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.

Enlight Renewable Energy is a publicly traded company, headquartered in Israel, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange and on Nasdaq (ENLT) following the company’s United States initial public offering in February 2023. In addition to solar and wind, Enlight develops utility-scale energy storage and agrivoltaic projects integrating agricultural land use with photovoltaic generation.

EFC vs ENLT — Head-to-Head

Bigger by revenue
ENLT
ENLT
1.4× larger
ENLT
$109.5M
$78.2M
EFC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EFC
EFC
ENLT
ENLT
Revenue
$78.2M
$109.5M
Net Profit
$22.6M
Gross Margin
Operating Margin
7.4%
60.1%
Net Margin
28.9%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10
$123305879.00

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
EFC
EFC
ENLT
ENLT
Q4 25
$78.2M
$109.5M
Q3 25
$82.8M
Q2 25
$92.5M
$84.7M
Q1 25
$82.9M
$90.4M
Q4 24
$72.0M
$73.8M
Q3 24
$67.0M
$58.3M
Q2 24
$91.2M
$52.6M
Q1 24
$75.5M
$71.0M
Net Profit
EFC
EFC
ENLT
ENLT
Q4 25
$22.6M
Q3 25
$29.5M
Q2 25
$42.9M
Q1 25
$31.6M
Q4 24
$30.7M
Q3 24
$16.2M
Q2 24
$52.3M
Q1 24
$26.9M
Gross Margin
EFC
EFC
ENLT
ENLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
48.9%
Q2 24
55.5%
Q1 24
67.6%
Operating Margin
EFC
EFC
ENLT
ENLT
Q4 25
7.4%
60.1%
Q3 25
31.1%
Q2 25
38.3%
41.2%
Q1 25
37.3%
47.4%
Q4 24
28.0%
58.1%
Q3 24
24.0%
73.2%
Q2 24
52.8%
63.7%
Q1 24
42.2%
55.0%
Net Margin
EFC
EFC
ENLT
ENLT
Q4 25
28.9%
Q3 25
35.7%
Q2 25
46.4%
Q1 25
38.2%
Q4 24
42.6%
Q3 24
24.1%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
ENLT
ENLT
Q4 25
$0.10
$123305879.00
Q3 25
$0.29
Q2 25
$0.45
$125866004.00
Q1 25
$0.35
$122889909.00
Q4 24
$0.23
Q3 24
$0.19
$125866004.00
Q2 24
$0.62
$125873060.00
Q1 24
$0.32
$117820495.00

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
ENLT
ENLT
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
Total Assets
$19.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
ENLT
ENLT
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
Q1 25
$203.3M
Q4 24
$192.4M
$387.4M
Q3 24
$217.7M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
EFC
EFC
ENLT
ENLT
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
$1.4B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
ENLT
ENLT
Q4 25
$19.4B
Q3 25
$17.8B
Q2 25
$17.1B
Q1 25
$16.6B
Q4 24
$16.3B
$5.5B
Q3 24
$16.0B
Q2 24
$15.1B
Q1 24
$15.1B

Cash Flow & Capital Efficiency

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

Metric
EFC
EFC
ENLT
ENLT
Operating Cash FlowLast quarter
$-925.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
ENLT
ENLT
Q4 25
$-925.5M
Q3 25
$-290.4M
Q2 25
$-210.5M
Q1 25
$-126.4M
Q4 24
$-430.5M
$255.3M
Q3 24
$-141.7M
Q2 24
$-88.6M
Q1 24
$-59.5M
Capex Intensity
EFC
EFC
ENLT
ENLT
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
ENLT
ENLT
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

ENLT
ENLT

Segment adjusted EBITDA$99.7M91%
Tax benefits$10.1M9%

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