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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $56.8M, roughly 1.4× LandBridge Co LLC). Ellington Financial Inc. runs the higher net margin — 28.9% vs 14.2%, a 14.7% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 8.7%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
EFC vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $56.8M |
| Net Profit | $22.6M | $8.1M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | 60.0% |
| Net Margin | 28.9% | 14.2% |
| Revenue YoY | 8.7% | 55.6% |
| Net Profit YoY | -26.2% | -83.7% |
| EPS (diluted) | $0.10 | $0.24 |
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.
| Q4 25 | $78.2M | $56.8M | ||
| Q3 25 | $82.8M | $50.8M | ||
| Q2 25 | $92.5M | $47.5M | ||
| Q1 25 | $82.9M | $44.0M | ||
| Q4 24 | $72.0M | $36.5M | ||
| Q3 24 | $67.0M | $28.5M | ||
| Q2 24 | $91.2M | $26.0M | ||
| Q1 24 | $75.5M | $19.0M |
| Q4 25 | $22.6M | $8.1M | ||
| Q3 25 | $29.5M | $8.1M | ||
| Q2 25 | $42.9M | $7.5M | ||
| Q1 25 | $31.6M | $6.5M | ||
| Q4 24 | $30.7M | $49.3M | ||
| Q3 24 | $16.2M | $2.7M | ||
| Q2 24 | $52.3M | $-57.7M | ||
| Q1 24 | $26.9M | $10.8M |
| Q4 25 | 7.4% | 60.0% | ||
| Q3 25 | 31.1% | 60.8% | ||
| Q2 25 | 38.3% | 60.0% | ||
| Q1 25 | 37.3% | 57.0% | ||
| Q4 24 | 28.0% | 49.4% | ||
| Q3 24 | 24.0% | 11.2% | ||
| Q2 24 | 52.8% | -197.4% | ||
| Q1 24 | 42.2% | 71.1% |
| Q4 25 | 28.9% | 14.2% | ||
| Q3 25 | 35.7% | 15.9% | ||
| Q2 25 | 46.4% | 15.8% | ||
| Q1 25 | 38.2% | 14.7% | ||
| Q4 24 | 42.6% | 135.2% | ||
| Q3 24 | 24.1% | 9.3% | ||
| Q2 24 | 57.4% | -222.1% | ||
| Q1 24 | 35.6% | 56.7% |
| Q4 25 | $0.10 | $0.24 | ||
| Q3 25 | $0.29 | $0.26 | ||
| Q2 25 | $0.45 | $0.24 | ||
| Q1 25 | $0.35 | $0.20 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.19 | $-0.04 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $1.8B | $340.3M |
| Total Assets | $19.4B | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $30.7M | ||
| Q3 25 | $184.8M | $28.3M | ||
| Q2 25 | $211.0M | $20.3M | ||
| Q1 25 | $203.3M | $14.9M | ||
| Q4 24 | $192.4M | $37.0M | ||
| Q3 24 | $217.7M | $14.4M | ||
| Q2 24 | $198.5M | $24.6M | ||
| Q1 24 | $187.5M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $340.3M | ||
| Q3 25 | $1.8B | $272.0M | ||
| Q2 25 | $1.7B | $266.4M | ||
| Q1 25 | $1.6B | $217.0M | ||
| Q4 24 | $1.6B | $211.8M | ||
| Q3 24 | $1.6B | $97.2M | ||
| Q2 24 | $1.6B | $296.4M | ||
| Q1 24 | $1.5B | $162.3M |
| Q4 25 | $19.4B | $1.4B | ||
| Q3 25 | $17.8B | $1.1B | ||
| Q2 25 | $17.1B | $1.1B | ||
| Q1 25 | $16.6B | $1.0B | ||
| Q4 24 | $16.3B | $1.0B | ||
| Q3 24 | $16.0B | $689.9M | ||
| Q2 24 | $15.1B | $710.5M | ||
| Q1 24 | $15.1B | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $126.3M |
| Free Cash FlowOCF − Capex | — | $122.0M |
| FCF MarginFCF / Revenue | — | 214.9% |
| Capex IntensityCapex / Revenue | 0.0% | 7.5% |
| Cash ConversionOCF / Net Profit | -40.92× | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $126.3M | ||
| Q3 25 | $-290.4M | $34.9M | ||
| Q2 25 | $-210.5M | $37.3M | ||
| Q1 25 | $-126.4M | $15.9M | ||
| Q4 24 | $-430.5M | $67.6M | ||
| Q3 24 | $-141.7M | $7.5M | ||
| Q2 24 | $-88.6M | $16.0M | ||
| Q1 24 | $-59.5M | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | — | $33.7M | ||
| Q2 25 | — | $36.1M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | — | $66.7M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $15.7M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | — | 66.3% | ||
| Q2 25 | — | 75.9% | ||
| Q1 25 | — | 36.0% | ||
| Q4 24 | — | 182.6% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 60.4% | ||
| Q1 24 | — | 90.1% |
| Q4 25 | 0.0% | 7.5% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.0% | 1.1% | ||
| Q2 24 | 0.0% | 1.4% | ||
| Q1 24 | 0.0% | 0.5% |
| Q4 25 | -40.92× | 15.68× | ||
| Q3 25 | -9.84× | 4.31× | ||
| Q2 25 | -4.90× | 4.98× | ||
| Q1 25 | -3.99× | 2.46× | ||
| Q4 24 | -14.04× | 1.37× | ||
| Q3 24 | -8.76× | 2.80× | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
