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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $77.4M, roughly 1.0× InvenTrust Properties Corp.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 3.4%, a 25.5% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 8.6%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% 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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

EFC vs IVT — Head-to-Head

Bigger by revenue
EFC
EFC
1.0× larger
EFC
$78.2M
$77.4M
IVT
Growing faster (revenue YoY)
EFC
EFC
+0.1% gap
EFC
8.7%
8.6%
IVT
Higher net margin
EFC
EFC
25.5% more per $
EFC
28.9%
3.4%
IVT
Faster 2-yr revenue CAGR
IVT
IVT
Annualised
IVT
7.6%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
IVT
IVT
Revenue
$78.2M
$77.4M
Net Profit
$22.6M
$2.7M
Gross Margin
Operating Margin
7.4%
-11.0%
Net Margin
28.9%
3.4%
Revenue YoY
8.7%
8.6%
Net Profit YoY
-26.2%
-72.8%
EPS (diluted)
$0.10
$0.02

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
IVT
IVT
Q4 25
$78.2M
$77.4M
Q3 25
$82.8M
$74.5M
Q2 25
$92.5M
$73.6M
Q1 25
$82.9M
$73.8M
Q4 24
$72.0M
$71.2M
Q3 24
$67.0M
$68.5M
Q2 24
$91.2M
$67.4M
Q1 24
$75.5M
$66.8M
Net Profit
EFC
EFC
IVT
IVT
Q4 25
$22.6M
$2.7M
Q3 25
$29.5M
$6.0M
Q2 25
$42.9M
$95.9M
Q1 25
$31.6M
$6.8M
Q4 24
$30.7M
$9.8M
Q3 24
$16.2M
$-539.0K
Q2 24
$52.3M
$1.5M
Q1 24
$26.9M
$2.9M
Operating Margin
EFC
EFC
IVT
IVT
Q4 25
7.4%
-11.0%
Q3 25
31.1%
-9.8%
Q2 25
38.3%
Q1 25
37.3%
-10.5%
Q4 24
28.0%
-3.6%
Q3 24
24.0%
-18.7%
Q2 24
52.8%
-13.6%
Q1 24
42.2%
-13.1%
Net Margin
EFC
EFC
IVT
IVT
Q4 25
28.9%
3.4%
Q3 25
35.7%
8.1%
Q2 25
46.4%
130.4%
Q1 25
38.2%
9.2%
Q4 24
42.6%
13.8%
Q3 24
24.1%
-0.8%
Q2 24
57.4%
2.2%
Q1 24
35.6%
4.3%
EPS (diluted)
EFC
EFC
IVT
IVT
Q4 25
$0.10
$0.02
Q3 25
$0.29
$0.08
Q2 25
$0.45
$1.23
Q1 25
$0.35
$0.09
Q4 24
$0.23
$0.14
Q3 24
$0.19
$-0.01
Q2 24
$0.62
$0.02
Q1 24
$0.32
$0.04

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
$1.8B
Total Assets
$19.4B
$2.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
IVT
IVT
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
Total Debt
EFC
EFC
IVT
IVT
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
EFC
EFC
IVT
IVT
Q4 25
$1.8B
$1.8B
Q3 25
$1.8B
$1.8B
Q2 25
$1.7B
$1.8B
Q1 25
$1.6B
$1.7B
Q4 24
$1.6B
$1.8B
Q3 24
$1.6B
$1.8B
Q2 24
$1.6B
$1.5B
Q1 24
$1.5B
$1.5B
Total Assets
EFC
EFC
IVT
IVT
Q4 25
$19.4B
$2.8B
Q3 25
$17.8B
$2.7B
Q2 25
$17.1B
$2.7B
Q1 25
$16.6B
$2.6B
Q4 24
$16.3B
$2.6B
Q3 24
$16.0B
$2.6B
Q2 24
$15.1B
$2.5B
Q1 24
$15.1B
$2.5B
Debt / Equity
EFC
EFC
IVT
IVT
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$-925.5M
$155.4M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
0.0%
57.5%
Cash ConversionOCF / Net Profit
-40.92×
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
IVT
IVT
Q4 25
$-925.5M
$155.4M
Q3 25
$-290.4M
$43.8M
Q2 25
$-210.5M
$48.7M
Q1 25
$-126.4M
$20.2M
Q4 24
$-430.5M
$136.9M
Q3 24
$-141.7M
$38.4M
Q2 24
$-88.6M
$46.7M
Q1 24
$-59.5M
$14.8M
Free Cash Flow
EFC
EFC
IVT
IVT
Q4 25
$110.9M
Q3 25
$31.4M
Q2 25
$38.0M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
EFC
EFC
IVT
IVT
Q4 25
143.3%
Q3 25
42.2%
Q2 25
51.6%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
EFC
EFC
IVT
IVT
Q4 25
0.0%
57.5%
Q3 25
16.7%
Q2 25
14.6%
Q1 25
10.0%
Q4 24
0.0%
50.7%
Q3 24
0.0%
13.3%
Q2 24
0.0%
14.0%
Q1 24
0.0%
10.6%
Cash Conversion
EFC
EFC
IVT
IVT
Q4 25
-40.92×
58.41×
Q3 25
-9.84×
7.27×
Q2 25
-4.90×
0.51×
Q1 25
-3.99×
2.97×
Q4 24
-14.04×
13.97×
Q3 24
-8.76×
Q2 24
-1.69×
31.15×
Q1 24
-2.21×
5.10×

Financial Flow Comparison

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

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