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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and 9F Inc. (JFU). Click either name above to swap in a different company.

9F Inc. is the larger business by last-quarter revenue ($81.4M vs $78.2M, roughly 1.0× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -105.9%, a 134.8% 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.

9F Inc. is a leading digital financial technology platform based in China, offering consumer finance, wealth management, and insurance brokerage services primarily to retail and small business customers across domestic markets. It leverages big data and artificial intelligence to deliver tailored, accessible financial solutions that meet diverse user needs across multiple fintech segments.

EFC vs JFU — Head-to-Head

Bigger by revenue
JFU
JFU
1.0× larger
JFU
$81.4M
$78.2M
EFC
Higher net margin
EFC
EFC
134.8% more per $
EFC
28.9%
-105.9%
JFU

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
EFC
EFC
JFU
JFU
Revenue
$78.2M
$81.4M
Net Profit
$22.6M
$-86.2M
Gross Margin
19.3%
Operating Margin
7.4%
-26.8%
Net Margin
28.9%
-105.9%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10

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
JFU
JFU
Q4 25
$78.2M
Q3 25
$82.8M
Q2 25
$92.5M
Q1 25
$82.9M
Q4 24
$72.0M
Q3 24
$67.0M
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
JFU
JFU
Q4 25
$22.6M
Q3 25
$29.5M
Q2 25
$42.9M
Q1 25
$31.6M
Q4 24
$30.7M
Q3 24
$16.2M
Q2 24
$52.3M
Q1 24
$26.9M
Operating Margin
EFC
EFC
JFU
JFU
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
JFU
JFU
Q4 25
28.9%
Q3 25
35.7%
Q2 25
46.4%
Q1 25
38.2%
Q4 24
42.6%
Q3 24
24.1%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
JFU
JFU
Q4 25
$0.10
Q3 25
$0.29
Q2 25
$0.45
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
JFU
JFU
Cash + ST InvestmentsLiquidity on hand
$201.9M
$335.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$530.1M
Total Assets
$19.4B
$625.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
JFU
JFU
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
Stockholders' Equity
EFC
EFC
JFU
JFU
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
JFU
JFU
Q4 25
$19.4B
Q3 25
$17.8B
Q2 25
$17.1B
Q1 25
$16.6B
Q4 24
$16.3B
Q3 24
$16.0B
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
JFU
JFU
Operating Cash FlowLast quarter
$-925.5M
$9.2M
Free Cash FlowOCF − Capex
$2.7M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
0.0%
8.0%
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
JFU
JFU
Q4 25
$-925.5M
Q3 25
$-290.4M
Q2 25
$-210.5M
Q1 25
$-126.4M
Q4 24
$-430.5M
Q3 24
$-141.7M
Q2 24
$-88.6M
Q1 24
$-59.5M
Capex Intensity
EFC
EFC
JFU
JFU
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
JFU
JFU
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
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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