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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $78.2M, roughly 1.5× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 5.0%, a 23.9% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 8.7%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% 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.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

EFC vs HIPO — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.5× larger
HIPO
$120.4M
$78.2M
EFC
Growing faster (revenue YoY)
HIPO
HIPO
+9.4% gap
HIPO
18.2%
8.7%
EFC
Higher net margin
EFC
EFC
23.9% more per $
EFC
28.9%
5.0%
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
HIPO
HIPO
Revenue
$78.2M
$120.4M
Net Profit
$22.6M
$6.0M
Gross Margin
Operating Margin
7.4%
5.6%
Net Margin
28.9%
5.0%
Revenue YoY
8.7%
18.2%
Net Profit YoY
-26.2%
-86.4%
EPS (diluted)
$0.10
$0.31

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
HIPO
HIPO
Q4 25
$78.2M
$120.4M
Q3 25
$82.8M
$120.6M
Q2 25
$92.5M
$117.3M
Q1 25
$82.9M
$110.3M
Q4 24
$72.0M
$101.9M
Q3 24
$67.0M
$95.5M
Q2 24
$91.2M
$89.6M
Q1 24
$75.5M
$85.1M
Net Profit
EFC
EFC
HIPO
HIPO
Q4 25
$22.6M
$6.0M
Q3 25
$29.5M
$98.1M
Q2 25
$42.9M
$1.3M
Q1 25
$31.6M
$-47.7M
Q4 24
$30.7M
$44.2M
Q3 24
$16.2M
$-8.5M
Q2 24
$52.3M
$-40.5M
Q1 24
$26.9M
$-35.7M
Operating Margin
EFC
EFC
HIPO
HIPO
Q4 25
7.4%
5.6%
Q3 25
31.1%
81.3%
Q2 25
38.3%
3.4%
Q1 25
37.3%
-41.3%
Q4 24
28.0%
46.3%
Q3 24
24.0%
-5.4%
Q2 24
52.8%
-40.7%
Q1 24
42.2%
-38.7%
Net Margin
EFC
EFC
HIPO
HIPO
Q4 25
28.9%
5.0%
Q3 25
35.7%
81.3%
Q2 25
46.4%
1.1%
Q1 25
38.2%
-43.2%
Q4 24
42.6%
43.4%
Q3 24
24.1%
-8.9%
Q2 24
57.4%
-45.2%
Q1 24
35.6%
-42.0%
EPS (diluted)
EFC
EFC
HIPO
HIPO
Q4 25
$0.10
$0.31
Q3 25
$0.29
$3.77
Q2 25
$0.45
$0.05
Q1 25
$0.35
$-1.91
Q4 24
$0.23
$1.81
Q3 24
$0.19
$-0.34
Q2 24
$0.62
$-1.64
Q1 24
$0.32
$-1.47

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$201.9M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$436.1M
Total Assets
$19.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
HIPO
HIPO
Q4 25
$201.9M
$218.3M
Q3 25
$184.8M
$247.7M
Q2 25
$211.0M
$198.9M
Q1 25
$203.3M
$140.9M
Q4 24
$192.4M
$197.6M
Q3 24
$217.7M
$191.2M
Q2 24
$198.5M
$175.9M
Q1 24
$187.5M
$223.4M
Stockholders' Equity
EFC
EFC
HIPO
HIPO
Q4 25
$1.8B
$436.1M
Q3 25
$1.8B
$421.5M
Q2 25
$1.7B
$332.5M
Q1 25
$1.6B
$322.8M
Q4 24
$1.6B
$362.1M
Q3 24
$1.6B
$326.4M
Q2 24
$1.6B
$322.6M
Q1 24
$1.5B
$351.2M
Total Assets
EFC
EFC
HIPO
HIPO
Q4 25
$19.4B
$1.9B
Q3 25
$17.8B
$1.9B
Q2 25
$17.1B
$1.7B
Q1 25
$16.6B
$1.5B
Q4 24
$16.3B
$1.5B
Q3 24
$16.0B
$1.5B
Q2 24
$15.1B
$1.5B
Q1 24
$15.1B
$1.5B

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
HIPO
HIPO
Operating Cash FlowLast quarter
$-925.5M
$9.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
-40.92×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
HIPO
HIPO
Q4 25
$-925.5M
$9.2M
Q3 25
$-290.4M
$16.9M
Q2 25
$-210.5M
$24.7M
Q1 25
$-126.4M
$-35.6M
Q4 24
$-430.5M
$47.5M
Q3 24
$-141.7M
$46.8M
Q2 24
$-88.6M
$-10.6M
Q1 24
$-59.5M
$17.7M
Free Cash Flow
EFC
EFC
HIPO
HIPO
Q4 25
$9.1M
Q3 25
$16.8M
Q2 25
$24.6M
Q1 25
$-35.7M
Q4 24
$47.2M
Q3 24
Q2 24
$-10.7M
Q1 24
$17.6M
FCF Margin
EFC
EFC
HIPO
HIPO
Q4 25
7.6%
Q3 25
13.9%
Q2 25
21.0%
Q1 25
-32.4%
Q4 24
46.3%
Q3 24
Q2 24
-11.9%
Q1 24
20.7%
Capex Intensity
EFC
EFC
HIPO
HIPO
Q4 25
0.0%
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
0.3%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.1%
Q1 24
0.0%
0.1%
Cash Conversion
EFC
EFC
HIPO
HIPO
Q4 25
-40.92×
1.53×
Q3 25
-9.84×
0.17×
Q2 25
-4.90×
19.00×
Q1 25
-3.99×
Q4 24
-14.04×
1.07×
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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