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

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $78.2M, roughly 1.5× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -23.5%, a 52.4% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 0.8%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs 0.8%).

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.

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

EFC vs NOTV — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.5× larger
NOTV
$120.9M
$78.2M
EFC
Growing faster (revenue YoY)
EFC
EFC
+7.9% gap
EFC
8.7%
0.8%
NOTV
Higher net margin
EFC
EFC
52.4% more per $
EFC
28.9%
-23.5%
NOTV
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
0.8%
NOTV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EFC
EFC
NOTV
NOTV
Revenue
$78.2M
$120.9M
Net Profit
$22.6M
$-28.4M
Gross Margin
Operating Margin
7.4%
-13.5%
Net Margin
28.9%
-23.5%
Revenue YoY
8.7%
0.8%
Net Profit YoY
-26.2%
-2.7%
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
NOTV
NOTV
Q4 25
$78.2M
$120.9M
Q3 25
$82.8M
$138.1M
Q2 25
$92.5M
$130.7M
Q1 25
$82.9M
$124.3M
Q4 24
$72.0M
$119.9M
Q3 24
$67.0M
$130.4M
Q2 24
$91.2M
$105.8M
Q1 24
$75.5M
$119.0M
Net Profit
EFC
EFC
NOTV
NOTV
Q4 25
$22.6M
$-28.4M
Q3 25
$29.5M
$-8.6M
Q2 25
$42.9M
$-17.6M
Q1 25
$31.6M
$-14.9M
Q4 24
$30.7M
$-27.6M
Q3 24
$16.2M
$-18.9M
Q2 24
$52.3M
$-26.1M
Q1 24
$26.9M
$-48.1M
Operating Margin
EFC
EFC
NOTV
NOTV
Q4 25
7.4%
-13.5%
Q3 25
31.1%
-4.9%
Q2 25
38.3%
-4.3%
Q1 25
37.3%
-2.4%
Q4 24
28.0%
-12.9%
Q3 24
24.0%
-10.1%
Q2 24
52.8%
-19.6%
Q1 24
42.2%
-36.2%
Net Margin
EFC
EFC
NOTV
NOTV
Q4 25
28.9%
-23.5%
Q3 25
35.7%
-6.2%
Q2 25
46.4%
-13.5%
Q1 25
38.2%
-12.0%
Q4 24
42.6%
-23.0%
Q3 24
24.1%
-14.5%
Q2 24
57.4%
-24.7%
Q1 24
35.6%
-40.4%
EPS (diluted)
EFC
EFC
NOTV
NOTV
Q4 25
$0.10
$-0.83
Q3 25
$0.29
$-0.14
Q2 25
$0.45
$-0.51
Q1 25
$0.35
$-0.44
Q4 24
$0.23
$-1.02
Q3 24
$0.19
$-0.73
Q2 24
$0.62
$-1.00
Q1 24
$0.32
$-1.86

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
NOTV
NOTV
Cash + ST InvestmentsLiquidity on hand
$201.9M
$12.7M
Total DebtLower is stronger
$405.8M
Stockholders' EquityBook value
$1.8B
$109.0M
Total Assets
$19.4B
$734.3M
Debt / EquityLower = less leverage
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
NOTV
NOTV
Q4 25
$201.9M
$12.7M
Q3 25
$184.8M
$21.7M
Q2 25
$211.0M
$6.2M
Q1 25
$203.3M
$19.3M
Q4 24
$192.4M
$38.0M
Q3 24
$217.7M
$21.4M
Q2 24
$198.5M
$14.4M
Q1 24
$187.5M
$32.7M
Total Debt
EFC
EFC
NOTV
NOTV
Q4 25
$405.8M
Q3 25
$402.1M
Q2 25
$396.5M
Q1 25
$399.5M
Q4 24
$396.0M
Q3 24
$393.3M
Q2 24
$382.4M
Q1 24
$380.6M
Stockholders' Equity
EFC
EFC
NOTV
NOTV
Q4 25
$1.8B
$109.0M
Q3 25
$1.8B
$136.0M
Q2 25
$1.7B
$143.8M
Q1 25
$1.6B
$157.7M
Q4 24
$1.6B
$169.8M
Q3 24
$1.6B
$170.5M
Q2 24
$1.6B
$182.1M
Q1 24
$1.5B
$207.2M
Total Assets
EFC
EFC
NOTV
NOTV
Q4 25
$19.4B
$734.3M
Q3 25
$17.8B
$771.1M
Q2 25
$17.1B
$759.7M
Q1 25
$16.6B
$766.0M
Q4 24
$16.3B
$772.9M
Q3 24
$16.0B
$781.4M
Q2 24
$15.1B
$774.6M
Q1 24
$15.1B
$815.4M
Debt / Equity
EFC
EFC
NOTV
NOTV
Q4 25
3.72×
Q3 25
2.96×
Q2 25
2.76×
Q1 25
2.53×
Q4 24
2.33×
Q3 24
2.31×
Q2 24
2.10×
Q1 24
1.84×

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
NOTV
NOTV
Operating Cash FlowLast quarter
$-925.5M
$-5.4M
Free Cash FlowOCF − Capex
$-10.6M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
0.0%
4.3%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
NOTV
NOTV
Q4 25
$-925.5M
$-5.4M
Q3 25
$-290.4M
$14.3M
Q2 25
$-210.5M
$-7.4M
Q1 25
$-126.4M
$-12.8M
Q4 24
$-430.5M
$-4.5M
Q3 24
$-141.7M
$-2.4M
Q2 24
$-88.6M
$-14.8M
Q1 24
$-59.5M
$16.9M
Free Cash Flow
EFC
EFC
NOTV
NOTV
Q4 25
$-10.6M
Q3 25
$11.6M
Q2 25
$-11.5M
Q1 25
$-18.3M
Q4 24
$-9.0M
Q3 24
$-7.7M
Q2 24
$-19.2M
Q1 24
$9.9M
FCF Margin
EFC
EFC
NOTV
NOTV
Q4 25
-8.8%
Q3 25
8.4%
Q2 25
-8.8%
Q1 25
-14.7%
Q4 24
-7.5%
Q3 24
-5.9%
Q2 24
-18.2%
Q1 24
8.3%
Capex Intensity
EFC
EFC
NOTV
NOTV
Q4 25
0.0%
4.3%
Q3 25
1.9%
Q2 25
3.1%
Q1 25
4.4%
Q4 24
0.0%
3.7%
Q3 24
0.0%
4.1%
Q2 24
0.0%
4.2%
Q1 24
0.0%
5.9%
Cash Conversion
EFC
EFC
NOTV
NOTV
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.

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

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