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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $78.2M, roughly 1.7× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -3.2%, a 32.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 8.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
EFC vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $134.3M |
| Net Profit | $22.6M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 7.4% | -4.1% |
| Net Margin | 28.9% | -3.2% |
| Revenue YoY | 8.7% | 10.7% |
| Net Profit YoY | -26.2% | -127.3% |
| EPS (diluted) | $0.10 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $82.8M | $144.3M | ||
| Q2 25 | $92.5M | $132.3M | ||
| Q1 25 | $82.9M | $135.6M | ||
| Q4 24 | $72.0M | $121.3M | ||
| Q3 24 | $67.0M | $135.4M | ||
| Q2 24 | $91.2M | $163.6M | ||
| Q1 24 | $75.5M | $161.3M |
| Q4 25 | $22.6M | $-4.4M | ||
| Q3 25 | $29.5M | $-2.7M | ||
| Q2 25 | $42.9M | $-1.1M | ||
| Q1 25 | $31.6M | $20.0K | ||
| Q4 24 | $30.7M | $16.0M | ||
| Q3 24 | $16.2M | $3.0M | ||
| Q2 24 | $52.3M | $3.8M | ||
| Q1 24 | $26.9M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 7.4% | -4.1% | ||
| Q3 25 | 31.1% | 0.0% | ||
| Q2 25 | 38.3% | 0.1% | ||
| Q1 25 | 37.3% | 1.2% | ||
| Q4 24 | 28.0% | 19.0% | ||
| Q3 24 | 24.0% | 4.2% | ||
| Q2 24 | 52.8% | 5.0% | ||
| Q1 24 | 42.2% | 4.7% |
| Q4 25 | 28.9% | -3.2% | ||
| Q3 25 | 35.7% | -1.9% | ||
| Q2 25 | 46.4% | -0.8% | ||
| Q1 25 | 38.2% | 0.0% | ||
| Q4 24 | 42.6% | 13.2% | ||
| Q3 24 | 24.1% | 2.2% | ||
| Q2 24 | 57.4% | 2.3% | ||
| Q1 24 | 35.6% | 2.0% |
| Q4 25 | $0.10 | $-0.22 | ||
| Q3 25 | $0.29 | $-0.13 | ||
| Q2 25 | $0.45 | $-0.05 | ||
| Q1 25 | $0.35 | $0.00 | ||
| Q4 24 | $0.23 | $0.76 | ||
| Q3 24 | $0.19 | $0.14 | ||
| Q2 24 | $0.62 | $0.18 | ||
| Q1 24 | $0.32 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $240.7M |
| Total Assets | $19.4B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $1.5M | ||
| Q3 25 | $184.8M | $1.2M | ||
| Q2 25 | $211.0M | $206.0K | ||
| Q1 25 | $203.3M | $183.0K | ||
| Q4 24 | $192.4M | $206.0K | ||
| Q3 24 | $217.7M | $178.0K | ||
| Q2 24 | $198.5M | $314.0K | ||
| Q1 24 | $187.5M | $314.0K |
| Q4 25 | $1.8B | $240.7M | ||
| Q3 25 | $1.8B | $244.8M | ||
| Q2 25 | $1.7B | $246.8M | ||
| Q1 25 | $1.6B | $250.0M | ||
| Q4 24 | $1.6B | $251.8M | ||
| Q3 24 | $1.6B | $238.4M | ||
| Q2 24 | $1.6B | $238.1M | ||
| Q1 24 | $1.5B | $234.0M |
| Q4 25 | $19.4B | $563.6M | ||
| Q3 25 | $17.8B | $585.6M | ||
| Q2 25 | $17.1B | $433.7M | ||
| Q1 25 | $16.6B | $447.7M | ||
| Q4 24 | $16.3B | $445.6M | ||
| Q3 24 | $16.0B | $466.0M | ||
| Q2 24 | $15.1B | $488.2M | ||
| Q1 24 | $15.1B | $499.9M |
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 | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | 0.0% | 2.4% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $13.4M | ||
| Q3 25 | $-290.4M | $1.9M | ||
| Q2 25 | $-210.5M | $15.0M | ||
| Q1 25 | $-126.4M | $8.3M | ||
| Q4 24 | $-430.5M | $38.0M | ||
| Q3 24 | $-141.7M | $17.9M | ||
| Q2 24 | $-88.6M | $23.3M | ||
| Q1 24 | $-59.5M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | 0.0% | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.0% | 1.9% | ||
| Q3 24 | 0.0% | 2.1% | ||
| Q2 24 | 0.0% | 2.5% | ||
| Q1 24 | 0.0% | 1.7% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | 416.65× | ||
| Q4 24 | -14.04× | 2.38× | ||
| Q3 24 | -8.76× | 6.03× | ||
| Q2 24 | -1.69× | 6.15× | ||
| Q1 24 | -2.21× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
