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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and NAPCO SECURITY TECHNOLOGIES, INC (NSSC). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $48.2M, roughly 1.6× NAPCO SECURITY TECHNOLOGIES, INC). Ellington Financial Inc. runs the higher net margin — 28.9% vs 28.0%, a 0.9% gap on every dollar of revenue. On growth, NAPCO SECURITY TECHNOLOGIES, INC posted the faster year-over-year revenue change (12.2% vs 8.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -1.1%).

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.

Napco Security Technologies, Inc. was set up in 1969 and now is based in Amityville, New York. The company focuses on security products, such as electronic locking devices, alarm systems, and building access control systems. The company was formerly known as Napco Security Systems, Inc.

EFC vs NSSC — Head-to-Head

Bigger by revenue
EFC
EFC
1.6× larger
EFC
$78.2M
$48.2M
NSSC
Growing faster (revenue YoY)
NSSC
NSSC
+3.5% gap
NSSC
12.2%
8.7%
EFC
Higher net margin
EFC
EFC
0.9% more per $
EFC
28.9%
28.0%
NSSC
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-1.1%
NSSC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EFC
EFC
NSSC
NSSC
Revenue
$78.2M
$48.2M
Net Profit
$22.6M
$13.5M
Gross Margin
58.6%
Operating Margin
7.4%
30.6%
Net Margin
28.9%
28.0%
Revenue YoY
8.7%
12.2%
Net Profit YoY
-26.2%
29.0%
EPS (diluted)
$0.10
$0.38

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
NSSC
NSSC
Q4 25
$78.2M
$48.2M
Q3 25
$82.8M
$49.2M
Q2 25
$92.5M
$50.7M
Q1 25
$82.9M
$44.0M
Q4 24
$72.0M
$42.9M
Q3 24
$67.0M
$44.0M
Q2 24
$91.2M
$50.3M
Q1 24
$75.5M
$49.3M
Net Profit
EFC
EFC
NSSC
NSSC
Q4 25
$22.6M
$13.5M
Q3 25
$29.5M
$12.2M
Q2 25
$42.9M
$11.6M
Q1 25
$31.6M
$10.1M
Q4 24
$30.7M
$10.5M
Q3 24
$16.2M
$11.2M
Q2 24
$52.3M
$13.5M
Q1 24
$26.9M
$13.2M
Gross Margin
EFC
EFC
NSSC
NSSC
Q4 25
58.6%
Q3 25
56.6%
Q2 25
52.8%
Q1 25
57.2%
Q4 24
57.0%
Q3 24
55.9%
Q2 24
55.3%
Q1 24
53.8%
Operating Margin
EFC
EFC
NSSC
NSSC
Q4 25
7.4%
30.6%
Q3 25
31.1%
27.7%
Q2 25
38.3%
23.8%
Q1 25
37.3%
25.4%
Q4 24
28.0%
26.0%
Q3 24
24.0%
26.9%
Q2 24
52.8%
27.7%
Q1 24
42.2%
29.4%
Net Margin
EFC
EFC
NSSC
NSSC
Q4 25
28.9%
28.0%
Q3 25
35.7%
24.7%
Q2 25
46.4%
22.9%
Q1 25
38.2%
23.0%
Q4 24
42.6%
24.4%
Q3 24
24.1%
25.4%
Q2 24
57.4%
26.9%
Q1 24
35.6%
26.8%
EPS (diluted)
EFC
EFC
NSSC
NSSC
Q4 25
$0.10
$0.38
Q3 25
$0.29
$0.34
Q2 25
$0.45
$0.33
Q1 25
$0.35
$0.28
Q4 24
$0.23
$0.28
Q3 24
$0.19
$0.30
Q2 24
$0.62
$0.36
Q1 24
$0.32
$0.36

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$201.9M
$115.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$184.8M
Total Assets
$19.4B
$212.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
NSSC
NSSC
Q4 25
$201.9M
$115.4M
Q3 25
$184.8M
$105.8M
Q2 25
$211.0M
$99.2M
Q1 25
$203.3M
$89.3M
Q4 24
$192.4M
$99.2M
Q3 24
$217.7M
$91.3M
Q2 24
$198.5M
$70.7M
Q1 24
$187.5M
$60.9M
Stockholders' Equity
EFC
EFC
NSSC
NSSC
Q4 25
$1.8B
$184.8M
Q3 25
$1.8B
$176.1M
Q2 25
$1.7B
$168.6M
Q1 25
$1.6B
$161.5M
Q4 24
$1.6B
$174.2M
Q3 24
$1.6B
$178.6M
Q2 24
$1.6B
$178.9M
Q1 24
$1.5B
$168.2M
Total Assets
EFC
EFC
NSSC
NSSC
Q4 25
$19.4B
$212.8M
Q3 25
$17.8B
$206.0M
Q2 25
$17.1B
$198.1M
Q1 25
$16.6B
$190.9M
Q4 24
$16.3B
$202.7M
Q3 24
$16.0B
$209.9M
Q2 24
$15.1B
$207.8M
Q1 24
$15.1B
$194.8M

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
NSSC
NSSC
Operating Cash FlowLast quarter
$-925.5M
$15.1M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
30.1%
Capex IntensityCapex / Revenue
0.0%
1.2%
Cash ConversionOCF / Net Profit
-40.92×
1.12×
TTM Free Cash FlowTrailing 4 quarters
$53.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
NSSC
NSSC
Q4 25
$-925.5M
$15.1M
Q3 25
$-290.4M
$11.6M
Q2 25
$-210.5M
$14.6M
Q1 25
$-126.4M
$13.4M
Q4 24
$-430.5M
$13.5M
Q3 24
$-141.7M
$12.0M
Q2 24
$-88.6M
$14.3M
Q1 24
$-59.5M
$12.3M
Free Cash Flow
EFC
EFC
NSSC
NSSC
Q4 25
$14.5M
Q3 25
$11.4M
Q2 25
$14.4M
Q1 25
$13.3M
Q4 24
$12.4M
Q3 24
$11.3M
Q2 24
$13.8M
Q1 24
$12.0M
FCF Margin
EFC
EFC
NSSC
NSSC
Q4 25
30.1%
Q3 25
23.3%
Q2 25
28.4%
Q1 25
30.3%
Q4 24
28.8%
Q3 24
25.8%
Q2 24
27.4%
Q1 24
24.3%
Capex Intensity
EFC
EFC
NSSC
NSSC
Q4 25
0.0%
1.2%
Q3 25
0.4%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
0.0%
2.6%
Q3 24
0.0%
1.5%
Q2 24
0.0%
1.1%
Q1 24
0.0%
0.7%
Cash Conversion
EFC
EFC
NSSC
NSSC
Q4 25
-40.92×
1.12×
Q3 25
-9.84×
0.96×
Q2 25
-4.90×
1.26×
Q1 25
-3.99×
1.32×
Q4 24
-14.04×
1.29×
Q3 24
-8.76×
1.08×
Q2 24
-1.69×
1.06×
Q1 24
-2.21×
0.94×

Financial Flow Comparison

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

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