vs
Side-by-side financial comparison of Ellington Financial Inc. (EFC) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $78.2M, roughly 1.7× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 28.1%, a 0.8% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs 8.7%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs 1.8%).
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.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
EFC vs FCF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $133.7M |
| Net Profit | $22.6M | $37.5M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | — |
| Net Margin | 28.9% | 28.1% |
| Revenue YoY | 8.7% | 13.0% |
| Net Profit YoY | -26.2% | 14.8% |
| EPS (diluted) | $0.10 | $0.37 |
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.
| Q1 26 | — | $133.7M | ||
| Q4 25 | $78.2M | $137.9M | ||
| Q3 25 | $82.8M | $136.0M | ||
| Q2 25 | $92.5M | $131.0M | ||
| Q1 25 | $82.9M | $118.0M | ||
| Q4 24 | $72.0M | $120.4M | ||
| Q3 24 | $67.0M | $121.2M | ||
| Q2 24 | $91.2M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $22.6M | $44.9M | ||
| Q3 25 | $29.5M | $41.3M | ||
| Q2 25 | $42.9M | $33.4M | ||
| Q1 25 | $31.6M | $32.7M | ||
| Q4 24 | $30.7M | $35.8M | ||
| Q3 24 | $16.2M | $32.1M | ||
| Q2 24 | $52.3M | $37.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 40.9% | ||
| Q3 25 | 31.1% | 38.1% | ||
| Q2 25 | 38.3% | 32.1% | ||
| Q1 25 | 37.3% | 34.8% | ||
| Q4 24 | 28.0% | 37.1% | ||
| Q3 24 | 24.0% | 33.4% | ||
| Q2 24 | 52.8% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 28.9% | 32.5% | ||
| Q3 25 | 35.7% | 30.4% | ||
| Q2 25 | 46.4% | 25.5% | ||
| Q1 25 | 38.2% | 27.7% | ||
| Q4 24 | 42.6% | 29.8% | ||
| Q3 24 | 24.1% | 26.5% | ||
| Q2 24 | 57.4% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.10 | $0.44 | ||
| Q3 25 | $0.29 | $0.39 | ||
| Q2 25 | $0.45 | $0.32 | ||
| Q1 25 | $0.35 | $0.32 | ||
| Q4 24 | $0.23 | $0.35 | ||
| Q3 24 | $0.19 | $0.31 | ||
| Q2 24 | $0.62 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | — |
| Total DebtLower is stronger | — | $154.9M |
| Stockholders' EquityBook value | $1.8B | $1.6B |
| Total Assets | $19.4B | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $201.9M | — | ||
| Q3 25 | $184.8M | — | ||
| Q2 25 | $211.0M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $192.4M | — | ||
| Q3 24 | $217.7M | — | ||
| Q2 24 | $198.5M | — |
| Q1 26 | — | $154.9M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $19.4B | $12.3B | ||
| Q3 25 | $17.8B | $12.3B | ||
| Q2 25 | $17.1B | $12.2B | ||
| Q1 25 | $16.6B | $11.8B | ||
| Q4 24 | $16.3B | $11.6B | ||
| Q3 24 | $16.0B | $12.0B | ||
| Q2 24 | $15.1B | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-925.5M | $187.5M | ||
| Q3 25 | $-290.4M | $49.5M | ||
| Q2 25 | $-210.5M | $30.4M | ||
| Q1 25 | $-126.4M | $55.9M | ||
| Q4 24 | $-430.5M | $129.5M | ||
| Q3 24 | $-141.7M | $53.6M | ||
| Q2 24 | $-88.6M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $171.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $113.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 124.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 94.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 11.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | 12.9% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | -40.92× | 4.18× | ||
| Q3 25 | -9.84× | 1.20× | ||
| Q2 25 | -4.90× | 0.91× | ||
| Q1 25 | -3.99× | 1.71× | ||
| Q4 24 | -14.04× | 3.61× | ||
| Q3 24 | -8.76× | 1.67× | ||
| Q2 24 | -1.69× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
