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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and First Foundation Inc. (FFWM). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $48.4M, roughly 1.6× First Foundation Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -97.9%, a 126.8% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 8.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -2.7%).

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.

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

EFC vs FFWM — Head-to-Head

Bigger by revenue
EFC
EFC
1.6× larger
EFC
$78.2M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+413.0% gap
FFWM
421.7%
8.7%
EFC
Higher net margin
EFC
EFC
126.8% more per $
EFC
28.9%
-97.9%
FFWM
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
FFWM
FFWM
Revenue
$78.2M
$48.4M
Net Profit
$22.6M
$-8.0M
Gross Margin
Operating Margin
7.4%
-97.5%
Net Margin
28.9%
-97.9%
Revenue YoY
8.7%
421.7%
Net Profit YoY
-26.2%
43.0%
EPS (diluted)
$0.10
$-0.09

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
FFWM
FFWM
Q4 25
$78.2M
$48.4M
Q3 25
$82.8M
$63.6M
Q2 25
$92.5M
$51.4M
Q1 25
$82.9M
$71.4M
Q4 24
$72.0M
$9.3M
Q3 24
$67.0M
$9.2M
Q2 24
$91.2M
$57.5M
Q1 24
$75.5M
$51.1M
Net Profit
EFC
EFC
FFWM
FFWM
Q4 25
$22.6M
$-8.0M
Q3 25
$29.5M
$-146.3M
Q2 25
$42.9M
$-7.7M
Q1 25
$31.6M
$6.9M
Q4 24
$30.7M
$-14.1M
Q3 24
$16.2M
$-82.2M
Q2 24
$52.3M
$3.1M
Q1 24
$26.9M
$793.0K
Operating Margin
EFC
EFC
FFWM
FFWM
Q4 25
7.4%
-97.5%
Q3 25
31.1%
-92.7%
Q2 25
38.3%
-21.1%
Q1 25
37.3%
8.8%
Q4 24
28.0%
-247.7%
Q3 24
24.0%
-1276.7%
Q2 24
52.8%
4.6%
Q1 24
42.2%
-0.2%
Net Margin
EFC
EFC
FFWM
FFWM
Q4 25
28.9%
-97.9%
Q3 25
35.7%
-230.1%
Q2 25
46.4%
-15.0%
Q1 25
38.2%
9.7%
Q4 24
42.6%
-152.2%
Q3 24
24.1%
-896.9%
Q2 24
57.4%
5.4%
Q1 24
35.6%
1.6%
EPS (diluted)
EFC
EFC
FFWM
FFWM
Q4 25
$0.10
$-0.09
Q3 25
$0.29
$-1.78
Q2 25
$0.45
$-0.09
Q1 25
$0.35
$0.08
Q4 24
$0.23
$-0.24
Q3 24
$0.19
$-1.23
Q2 24
$0.62
$0.05
Q1 24
$0.32
$0.01

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
FFWM
FFWM
Cash + ST InvestmentsLiquidity on hand
$201.9M
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$912.6M
Total Assets
$19.4B
$11.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
FFWM
FFWM
Q4 25
$201.9M
$1.6B
Q3 25
$184.8M
$1.7B
Q2 25
$211.0M
$1.1B
Q1 25
$203.3M
$1.0B
Q4 24
$192.4M
$1.0B
Q3 24
$217.7M
$1.1B
Q2 24
$198.5M
$1.4B
Q1 24
$187.5M
$1.6B
Stockholders' Equity
EFC
EFC
FFWM
FFWM
Q4 25
$1.8B
$912.6M
Q3 25
$1.8B
$917.9M
Q2 25
$1.7B
$1.1B
Q1 25
$1.6B
$1.1B
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$1.1B
Q2 24
$1.6B
$933.2M
Q1 24
$1.5B
$928.7M
Total Assets
EFC
EFC
FFWM
FFWM
Q4 25
$19.4B
$11.9B
Q3 25
$17.8B
$11.9B
Q2 25
$17.1B
$11.6B
Q1 25
$16.6B
$12.6B
Q4 24
$16.3B
$12.6B
Q3 24
$16.0B
$13.4B
Q2 24
$15.1B
$13.7B
Q1 24
$15.1B
$13.6B

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
FFWM
FFWM
Operating Cash FlowLast quarter
$-925.5M
$-31.9M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
0.0%
6.9%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
FFWM
FFWM
Q4 25
$-925.5M
$-31.9M
Q3 25
$-290.4M
$9.2M
Q2 25
$-210.5M
$-16.3M
Q1 25
$-126.4M
$-552.0K
Q4 24
$-430.5M
$-8.7M
Q3 24
$-141.7M
$14.2M
Q2 24
$-88.6M
$-9.1M
Q1 24
$-59.5M
$7.2M
Free Cash Flow
EFC
EFC
FFWM
FFWM
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
EFC
EFC
FFWM
FFWM
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
EFC
EFC
FFWM
FFWM
Q4 25
0.0%
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
0.0%
29.4%
Q3 24
0.0%
9.0%
Q2 24
0.0%
0.4%
Q1 24
0.0%
2.5%
Cash Conversion
EFC
EFC
FFWM
FFWM
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
-0.08×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
-2.96×
Q1 24
-2.21×
9.09×

Financial Flow Comparison

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

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