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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and FLUSHING FINANCIAL CORP (FFIC). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $58.8M, roughly 1.3× FLUSHING FINANCIAL CORP). Ellington Financial Inc. runs the higher net margin — 28.9% vs 6.8%, a 22.1% gap on every dollar of revenue. On growth, FLUSHING FINANCIAL CORP posted the faster year-over-year revenue change (2597.7% vs 8.7%). Over the past eight quarters, FLUSHING FINANCIAL CORP's revenue compounded faster (13.7% 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.

Flagstar Bank, N.A. (FLG), is an American regional financial services holding company headquartered in Hicksville, New York. In 2023, the bank operated 395 branches However, they rebranded all of these under the Flagstar name on February 21, 2024.

EFC vs FFIC — Head-to-Head

Bigger by revenue
EFC
EFC
1.3× larger
EFC
$78.2M
$58.8M
FFIC
Growing faster (revenue YoY)
FFIC
FFIC
+2589.0% gap
FFIC
2597.7%
8.7%
EFC
Higher net margin
EFC
EFC
22.1% more per $
EFC
28.9%
6.8%
FFIC
Faster 2-yr revenue CAGR
FFIC
FFIC
Annualised
FFIC
13.7%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
FFIC
FFIC
Revenue
$78.2M
$58.8M
Net Profit
$22.6M
$4.0M
Gross Margin
Operating Margin
7.4%
13.3%
Net Margin
28.9%
6.8%
Revenue YoY
8.7%
2597.7%
Net Profit YoY
-26.2%
108.2%
EPS (diluted)
$0.10
$0.12

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
FFIC
FFIC
Q4 25
$78.2M
$58.8M
Q3 25
$82.8M
$58.6M
Q2 25
$92.5M
$63.5M
Q1 25
$82.9M
$58.1M
Q4 24
$72.0M
$2.2M
Q3 24
$67.0M
$51.9M
Q2 24
$91.2M
$47.0M
Q1 24
$75.5M
$45.5M
Net Profit
EFC
EFC
FFIC
FFIC
Q4 25
$22.6M
$4.0M
Q3 25
$29.5M
$10.4M
Q2 25
$42.9M
$14.2M
Q1 25
$31.6M
$-9.8M
Q4 24
$30.7M
$-49.2M
Q3 24
$16.2M
$8.9M
Q2 24
$52.3M
$5.3M
Q1 24
$26.9M
$3.7M
Operating Margin
EFC
EFC
FFIC
FFIC
Q4 25
7.4%
13.3%
Q3 25
31.1%
23.4%
Q2 25
38.3%
29.8%
Q1 25
37.3%
-10.2%
Q4 24
28.0%
-3296.2%
Q3 24
24.0%
22.1%
Q2 24
52.8%
15.2%
Q1 24
42.2%
11.0%
Net Margin
EFC
EFC
FFIC
FFIC
Q4 25
28.9%
6.8%
Q3 25
35.7%
17.8%
Q2 25
46.4%
22.4%
Q1 25
38.2%
-16.9%
Q4 24
42.6%
-2258.9%
Q3 24
24.1%
17.2%
Q2 24
57.4%
11.3%
Q1 24
35.6%
8.1%
EPS (diluted)
EFC
EFC
FFIC
FFIC
Q4 25
$0.10
$0.12
Q3 25
$0.29
$0.30
Q2 25
$0.45
$0.41
Q1 25
$0.35
$-0.29
Q4 24
$0.23
$-1.67
Q3 24
$0.19
$0.30
Q2 24
$0.62
$0.18
Q1 24
$0.32
$0.12

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
FFIC
FFIC
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$708.0M
Total Assets
$19.4B
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
FFIC
FFIC
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 24
$187.5M
Stockholders' Equity
EFC
EFC
FFIC
FFIC
Q4 25
$1.8B
$708.0M
Q3 25
$1.8B
$711.2M
Q2 25
$1.7B
$706.4M
Q1 25
$1.6B
$702.9M
Q4 24
$1.6B
$724.5M
Q3 24
$1.6B
$666.9M
Q2 24
$1.6B
$665.3M
Q1 24
$1.5B
$669.8M
Total Assets
EFC
EFC
FFIC
FFIC
Q4 25
$19.4B
$8.7B
Q3 25
$17.8B
$8.9B
Q2 25
$17.1B
$8.8B
Q1 25
$16.6B
$9.0B
Q4 24
$16.3B
$9.0B
Q3 24
$16.0B
$9.3B
Q2 24
$15.1B
$9.1B
Q1 24
$15.1B
$8.8B

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
FFIC
FFIC
Operating Cash FlowLast quarter
$-925.5M
$61.0M
Free Cash FlowOCF − Capex
$55.8M
FCF MarginFCF / Revenue
94.9%
Capex IntensityCapex / Revenue
0.0%
8.9%
Cash ConversionOCF / Net Profit
-40.92×
15.16×
TTM Free Cash FlowTrailing 4 quarters
$104.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
FFIC
FFIC
Q4 25
$-925.5M
$61.0M
Q3 25
$-290.4M
$19.6M
Q2 25
$-210.5M
$25.8M
Q1 25
$-126.4M
$6.9M
Q4 24
$-430.5M
$12.4M
Q3 24
$-141.7M
$5.4M
Q2 24
$-88.6M
$9.6M
Q1 24
$-59.5M
$-6.2M
Free Cash Flow
EFC
EFC
FFIC
FFIC
Q4 25
$55.8M
Q3 25
$19.3M
Q2 25
$24.4M
Q1 25
$5.2M
Q4 24
$10.1M
Q3 24
$4.8M
Q2 24
$8.8M
Q1 24
$-6.5M
FCF Margin
EFC
EFC
FFIC
FFIC
Q4 25
94.9%
Q3 25
33.0%
Q2 25
38.5%
Q1 25
8.9%
Q4 24
463.4%
Q3 24
9.3%
Q2 24
18.7%
Q1 24
-14.3%
Capex Intensity
EFC
EFC
FFIC
FFIC
Q4 25
0.0%
8.9%
Q3 25
0.4%
Q2 25
2.1%
Q1 25
2.9%
Q4 24
0.0%
106.0%
Q3 24
0.0%
1.1%
Q2 24
0.0%
1.7%
Q1 24
0.0%
0.6%
Cash Conversion
EFC
EFC
FFIC
FFIC
Q4 25
-40.92×
15.16×
Q3 25
-9.84×
1.87×
Q2 25
-4.90×
1.81×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
0.61×
Q2 24
-1.69×
1.80×
Q1 24
-2.21×
-1.69×

Financial Flow Comparison

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

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