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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.

GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $78.2M, roughly 1.3× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -5.2%, a 34.1% gap on every dollar of revenue.

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.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

EFC vs GCL — Head-to-Head

Bigger by revenue
GCL
GCL
1.3× larger
GCL
$98.7M
$78.2M
EFC
Higher net margin
EFC
EFC
34.1% more per $
EFC
28.9%
-5.2%
GCL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EFC
EFC
GCL
GCL
Revenue
$78.2M
$98.7M
Net Profit
$22.6M
$-5.1M
Gross Margin
11.0%
Operating Margin
7.4%
-6.7%
Net Margin
28.9%
-5.2%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10
$-0.04

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
GCL
GCL
Q4 25
$78.2M
Q3 25
$82.8M
$98.7M
Q2 25
$92.5M
$142.1M
Q1 25
$82.9M
Q4 24
$72.0M
Q3 24
$67.0M
$36.1M
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
GCL
GCL
Q4 25
$22.6M
Q3 25
$29.5M
$-5.1M
Q2 25
$42.9M
$5.6M
Q1 25
$31.6M
Q4 24
$30.7M
Q3 24
$16.2M
$-1.9M
Q2 24
$52.3M
Q1 24
$26.9M
Gross Margin
EFC
EFC
GCL
GCL
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 24
Operating Margin
EFC
EFC
GCL
GCL
Q4 25
7.4%
Q3 25
31.1%
-6.7%
Q2 25
38.3%
2.3%
Q1 25
37.3%
Q4 24
28.0%
Q3 24
24.0%
-5.6%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
EFC
EFC
GCL
GCL
Q4 25
28.9%
Q3 25
35.7%
-5.2%
Q2 25
46.4%
3.9%
Q1 25
38.2%
Q4 24
42.6%
Q3 24
24.1%
-5.2%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
GCL
GCL
Q4 25
$0.10
Q3 25
$0.29
$-0.04
Q2 25
$0.45
$0.05
Q1 25
$0.35
Q4 24
$0.23
Q3 24
$0.19
Q2 24
$0.62
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
GCL
GCL
Cash + ST InvestmentsLiquidity on hand
$201.9M
$16.6M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$1.8B
$33.1M
Total Assets
$19.4B
$159.9M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
GCL
GCL
Q4 25
$201.9M
Q3 25
$184.8M
$16.6M
Q2 25
$211.0M
$18.2M
Q1 25
$203.3M
Q4 24
$192.4M
Q3 24
$217.7M
$2.7M
Q2 24
$198.5M
Q1 24
$187.5M
Total Debt
EFC
EFC
GCL
GCL
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EFC
EFC
GCL
GCL
Q4 25
$1.8B
Q3 25
$1.8B
$33.1M
Q2 25
$1.7B
$35.9M
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
$15.9M
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
GCL
GCL
Q4 25
$19.4B
Q3 25
$17.8B
$159.9M
Q2 25
$17.1B
$101.6M
Q1 25
$16.6B
Q4 24
$16.3B
Q3 24
$16.0B
$49.6M
Q2 24
$15.1B
Q1 24
$15.1B
Debt / Equity
EFC
EFC
GCL
GCL
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
GCL
GCL
Operating Cash FlowLast quarter
$-925.5M
$-4.8M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.0%
0.4%
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
GCL
GCL
Q4 25
$-925.5M
Q3 25
$-290.4M
$-4.8M
Q2 25
$-210.5M
$-10.3M
Q1 25
$-126.4M
Q4 24
$-430.5M
Q3 24
$-141.7M
$6.1M
Q2 24
$-88.6M
Q1 24
$-59.5M
Free Cash Flow
EFC
EFC
GCL
GCL
Q4 25
Q3 25
$-5.2M
Q2 25
$-10.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EFC
EFC
GCL
GCL
Q4 25
Q3 25
-5.3%
Q2 25
-7.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EFC
EFC
GCL
GCL
Q4 25
0.0%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
GCL
GCL
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
-1.84×
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.

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