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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $62.0M, roughly 1.3× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 28.9%, a 2.4% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 8.7%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

EFC vs MPB — Head-to-Head

Bigger by revenue
EFC
EFC
1.3× larger
EFC
$78.2M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+22.1% gap
MPB
30.8%
8.7%
EFC
Higher net margin
MPB
MPB
2.4% more per $
MPB
31.4%
28.9%
EFC
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
MPB
MPB
Revenue
$78.2M
$62.0M
Net Profit
$22.6M
$19.4M
Gross Margin
Operating Margin
7.4%
43.6%
Net Margin
28.9%
31.4%
Revenue YoY
8.7%
30.8%
Net Profit YoY
-26.2%
47.0%
EPS (diluted)
$0.10
$0.83

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
MPB
MPB
Q4 25
$78.2M
$62.0M
Q3 25
$82.8M
$61.8M
Q2 25
$92.5M
$54.3M
Q1 25
$82.9M
$47.7M
Q4 24
$72.0M
$47.4M
Q3 24
$67.0M
$45.3M
Q2 24
$91.2M
$44.1M
Q1 24
$75.5M
$42.3M
Net Profit
EFC
EFC
MPB
MPB
Q4 25
$22.6M
$19.4M
Q3 25
$29.5M
$18.3M
Q2 25
$42.9M
$4.8M
Q1 25
$31.6M
$13.7M
Q4 24
$30.7M
$13.2M
Q3 24
$16.2M
$12.3M
Q2 24
$52.3M
$11.8M
Q1 24
$26.9M
$12.1M
Operating Margin
EFC
EFC
MPB
MPB
Q4 25
7.4%
43.6%
Q3 25
31.1%
39.3%
Q2 25
38.3%
7.9%
Q1 25
37.3%
35.2%
Q4 24
28.0%
34.1%
Q3 24
24.0%
32.8%
Q2 24
52.8%
32.4%
Q1 24
42.2%
34.8%
Net Margin
EFC
EFC
MPB
MPB
Q4 25
28.9%
31.4%
Q3 25
35.7%
29.6%
Q2 25
46.4%
8.8%
Q1 25
38.2%
28.8%
Q4 24
42.6%
27.9%
Q3 24
24.1%
27.1%
Q2 24
57.4%
26.7%
Q1 24
35.6%
28.7%
EPS (diluted)
EFC
EFC
MPB
MPB
Q4 25
$0.10
$0.83
Q3 25
$0.29
$0.79
Q2 25
$0.45
$0.22
Q1 25
$0.35
$0.71
Q4 24
$0.23
$0.72
Q3 24
$0.19
$0.74
Q2 24
$0.62
$0.71
Q1 24
$0.32
$0.73

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$814.1M
Total Assets
$19.4B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
MPB
MPB
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
MPB
MPB
Q4 25
$1.8B
$814.1M
Q3 25
$1.8B
$796.3M
Q2 25
$1.7B
$775.7M
Q1 25
$1.6B
$667.9M
Q4 24
$1.6B
$655.0M
Q3 24
$1.6B
$573.1M
Q2 24
$1.6B
$559.7M
Q1 24
$1.5B
$551.0M
Total Assets
EFC
EFC
MPB
MPB
Q4 25
$19.4B
$6.1B
Q3 25
$17.8B
$6.3B
Q2 25
$17.1B
$6.4B
Q1 25
$16.6B
$5.5B
Q4 24
$16.3B
$5.5B
Q3 24
$16.0B
$5.5B
Q2 24
$15.1B
$5.4B
Q1 24
$15.1B
$5.3B

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
MPB
MPB
Operating Cash FlowLast quarter
$-925.5M
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
0.0%
13.3%
Cash ConversionOCF / Net Profit
-40.92×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
MPB
MPB
Q4 25
$-925.5M
$80.0M
Q3 25
$-290.4M
$26.3M
Q2 25
$-210.5M
$29.0M
Q1 25
$-126.4M
$11.5M
Q4 24
$-430.5M
$51.4M
Q3 24
$-141.7M
$16.9M
Q2 24
$-88.6M
$18.0M
Q1 24
$-59.5M
$12.4M
Free Cash Flow
EFC
EFC
MPB
MPB
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
EFC
EFC
MPB
MPB
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
EFC
EFC
MPB
MPB
Q4 25
0.0%
13.3%
Q3 25
3.1%
Q2 25
3.2%
Q1 25
5.7%
Q4 24
0.0%
14.6%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.7%
Q1 24
0.0%
0.8%
Cash Conversion
EFC
EFC
MPB
MPB
Q4 25
-40.92×
4.12×
Q3 25
-9.84×
1.44×
Q2 25
-4.90×
6.08×
Q1 25
-3.99×
0.84×
Q4 24
-14.04×
3.88×
Q3 24
-8.76×
1.37×
Q2 24
-1.69×
1.53×
Q1 24
-2.21×
1.02×

Financial Flow Comparison

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

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