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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $78.2M, roughly 1.5× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -11.0%, a 39.9% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -27.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
EFC vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $121.0M |
| Net Profit | $22.6M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 7.4% | -12.0% |
| Net Margin | 28.9% | -11.0% |
| Revenue YoY | 8.7% | -27.7% |
| Net Profit YoY | -26.2% | -5468.2% |
| 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.
| Q4 25 | $78.2M | — | ||
| Q3 25 | $82.8M | $121.0M | ||
| Q2 25 | $92.5M | $153.0M | ||
| Q1 25 | $82.9M | $134.7M | ||
| Q4 24 | $72.0M | $170.9M | ||
| Q3 24 | $67.0M | $167.4M | ||
| Q2 24 | $91.2M | $155.3M | ||
| Q1 24 | $75.5M | $172.7M |
| Q4 25 | $22.6M | — | ||
| Q3 25 | $29.5M | $-13.3M | ||
| Q2 25 | $42.9M | $-14.0M | ||
| Q1 25 | $31.6M | $-9.5M | ||
| Q4 24 | $30.7M | $3.9M | ||
| Q3 24 | $16.2M | $-239.0K | ||
| Q2 24 | $52.3M | $5.5M | ||
| Q1 24 | $26.9M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 31.1% | -12.0% | ||
| Q2 25 | 38.3% | -9.1% | ||
| Q1 25 | 37.3% | -8.9% | ||
| Q4 24 | 28.0% | 3.7% | ||
| Q3 24 | 24.0% | 1.0% | ||
| Q2 24 | 52.8% | 3.5% | ||
| Q1 24 | 42.2% | 1.9% |
| Q4 25 | 28.9% | — | ||
| Q3 25 | 35.7% | -11.0% | ||
| Q2 25 | 46.4% | -9.1% | ||
| Q1 25 | 38.2% | -7.0% | ||
| Q4 24 | 42.6% | 2.3% | ||
| Q3 24 | 24.1% | -0.1% | ||
| Q2 24 | 57.4% | 3.6% | ||
| Q1 24 | 35.6% | 1.2% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.29 | — | ||
| Q2 25 | $0.45 | — | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.23 | $0.06 | ||
| Q3 24 | $0.19 | $-0.03 | ||
| Q2 24 | $0.62 | $0.08 | ||
| Q1 24 | $0.32 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $1.8B | $526.9M |
| Total Assets | $19.4B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | — | ||
| Q3 25 | $184.8M | $193.8M | ||
| Q2 25 | $211.0M | $28.1M | ||
| Q1 25 | $203.3M | $43.5M | ||
| Q4 24 | $192.4M | $33.0M | ||
| Q3 24 | $217.7M | $22.9M | ||
| Q2 24 | $198.5M | $27.6M | ||
| Q1 24 | $187.5M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $526.9M | ||
| Q2 25 | $1.7B | $347.4M | ||
| Q1 25 | $1.6B | $355.2M | ||
| Q4 24 | $1.6B | $362.8M | ||
| Q3 24 | $1.6B | $361.8M | ||
| Q2 24 | $1.6B | $366.1M | ||
| Q1 24 | $1.5B | $372.3M |
| Q4 25 | $19.4B | — | ||
| Q3 25 | $17.8B | $849.7M | ||
| Q2 25 | $17.1B | $674.6M | ||
| Q1 25 | $16.6B | $685.7M | ||
| Q4 24 | $16.3B | $674.7M | ||
| Q3 24 | $16.0B | $645.4M | ||
| Q2 24 | $15.1B | $659.2M | ||
| Q1 24 | $15.1B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | 0.0% | 13.3% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | — | ||
| Q3 25 | $-290.4M | $-1.4M | ||
| Q2 25 | $-210.5M | $-4.3M | ||
| Q1 25 | $-126.4M | $26.0M | ||
| Q4 24 | $-430.5M | $15.7M | ||
| Q3 24 | $-141.7M | $37.4M | ||
| Q2 24 | $-88.6M | $34.4M | ||
| Q1 24 | $-59.5M | $25.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 0.0% | 6.2% | ||
| Q3 24 | 0.0% | 7.0% | ||
| Q2 24 | 0.0% | 9.1% | ||
| Q1 24 | 0.0% | 10.8% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | 4.06× | ||
| Q3 24 | -8.76× | — | ||
| Q2 24 | -1.69× | 6.21× | ||
| Q1 24 | -2.21× | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
