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

HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $78.2M, roughly 1.2× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -98.1%, a 127.0% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 8.7%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

EFC vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.2× larger
HIVE
$93.1M
$78.2M
EFC
Growing faster (revenue YoY)
HIVE
HIVE
+209.8% gap
HIVE
218.6%
8.7%
EFC
Higher net margin
EFC
EFC
127.0% more per $
EFC
28.9%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EFC
EFC
HIVE
HIVE
Revenue
$78.2M
$93.1M
Net Profit
$22.6M
$-91.3M
Gross Margin
-27.1%
Operating Margin
7.4%
Net Margin
28.9%
-98.1%
Revenue YoY
8.7%
218.6%
Net Profit YoY
-26.2%
-234.0%
EPS (diluted)
$0.10
$-0.38

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
HIVE
HIVE
Q4 25
$78.2M
$93.1M
Q3 25
$82.8M
$87.3M
Q2 25
$92.5M
$45.6M
Q1 25
$82.9M
Q4 24
$72.0M
$29.2M
Q3 24
$67.0M
$22.6M
Q2 24
$91.2M
$32.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
HIVE
HIVE
Q4 25
$22.6M
$-91.3M
Q3 25
$29.5M
$-15.8M
Q2 25
$42.9M
$35.0M
Q1 25
$31.6M
Q4 24
$30.7M
$68.2M
Q3 24
$16.2M
$80.0K
Q2 24
$52.3M
$-18.3M
Q1 24
$26.9M
Gross Margin
EFC
EFC
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q1 24
Operating Margin
EFC
EFC
HIVE
HIVE
Q4 25
7.4%
Q3 25
31.1%
Q2 25
38.3%
Q1 25
37.3%
Q4 24
28.0%
Q3 24
24.0%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
EFC
EFC
HIVE
HIVE
Q4 25
28.9%
-98.1%
Q3 25
35.7%
-18.1%
Q2 25
46.4%
76.8%
Q1 25
38.2%
Q4 24
42.6%
233.2%
Q3 24
24.1%
0.4%
Q2 24
57.4%
-56.7%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
HIVE
HIVE
Q4 25
$0.10
$-0.38
Q3 25
$0.29
$-0.07
Q2 25
$0.45
$0.18
Q1 25
$0.35
Q4 24
$0.23
$0.52
Q3 24
$0.19
$0.00
Q2 24
$0.62
$-0.17
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
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$559.3M
Total Assets
$19.4B
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
HIVE
HIVE
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
Q1 25
$203.3M
Q4 24
$192.4M
$40.5M
Q3 24
$217.7M
$31.7M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
EFC
EFC
HIVE
HIVE
Q4 25
$1.8B
$559.3M
Q3 25
$1.8B
$624.6M
Q2 25
$1.7B
$560.5M
Q1 25
$1.6B
Q4 24
$1.6B
$430.9M
Q3 24
$1.6B
$275.5M
Q2 24
$1.6B
$268.6M
Q1 24
$1.5B
Total Assets
EFC
EFC
HIVE
HIVE
Q4 25
$19.4B
$624.0M
Q3 25
$17.8B
$693.0M
Q2 25
$17.1B
$628.7M
Q1 25
$16.6B
Q4 24
$16.3B
$478.6M
Q3 24
$16.0B
$334.7M
Q2 24
$15.1B
Q1 24
$15.1B

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
HIVE
HIVE
Operating Cash FlowLast quarter
$-925.5M
$46.0M
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.

Operating Cash Flow
EFC
EFC
HIVE
HIVE
Q4 25
$-925.5M
$46.0M
Q3 25
$-290.4M
$-10.6M
Q2 25
$-210.5M
$10.2M
Q1 25
$-126.4M
Q4 24
$-430.5M
$-28.5M
Q3 24
$-141.7M
$-2.2M
Q2 24
$-88.6M
$-4.4M
Q1 24
$-59.5M
Free Cash Flow
EFC
EFC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-55.5M
Q3 24
$-34.7M
Q2 24
Q1 24
FCF Margin
EFC
EFC
HIVE
HIVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-189.9%
Q3 24
-153.4%
Q2 24
Q1 24
Capex Intensity
EFC
EFC
HIVE
HIVE
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
92.5%
Q3 24
0.0%
143.9%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
HIVE
HIVE
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
0.29×
Q1 25
-3.99×
Q4 24
-14.04×
-0.42×
Q3 24
-8.76×
-26.94×
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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