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

OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $78.2M, roughly 1.9× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -21.1%, a 50.0% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -19.2%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -7.5%).

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.

OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

EFC vs OPK — Head-to-Head

Bigger by revenue
OPK
OPK
1.9× larger
OPK
$148.5M
$78.2M
EFC
Growing faster (revenue YoY)
EFC
EFC
+27.9% gap
EFC
8.7%
-19.2%
OPK
Higher net margin
EFC
EFC
50.0% more per $
EFC
28.9%
-21.1%
OPK
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-7.5%
OPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
OPK
OPK
Revenue
$78.2M
$148.5M
Net Profit
$22.6M
$-31.3M
Gross Margin
43.1%
Operating Margin
7.4%
-25.8%
Net Margin
28.9%
-21.1%
Revenue YoY
8.7%
-19.2%
Net Profit YoY
-26.2%
-322.8%
EPS (diluted)
$0.10
$-0.04

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
OPK
OPK
Q4 25
$78.2M
$148.5M
Q3 25
$82.8M
$151.7M
Q2 25
$92.5M
$156.8M
Q1 25
$82.9M
$150.0M
Q4 24
$72.0M
$183.6M
Q3 24
$67.0M
$173.6M
Q2 24
$91.2M
$182.2M
Q1 24
$75.5M
$173.7M
Net Profit
EFC
EFC
OPK
OPK
Q4 25
$22.6M
$-31.3M
Q3 25
$29.5M
$21.6M
Q2 25
$42.9M
$-148.4M
Q1 25
$31.6M
$-67.6M
Q4 24
$30.7M
$14.0M
Q3 24
$16.2M
$24.9M
Q2 24
$52.3M
$-10.3M
Q1 24
$26.9M
$-81.8M
Gross Margin
EFC
EFC
OPK
OPK
Q4 25
43.1%
Q3 25
32.9%
Q2 25
31.5%
Q1 25
28.4%
Q4 24
46.1%
Q3 24
23.1%
Q2 24
28.4%
Q1 24
24.2%
Operating Margin
EFC
EFC
OPK
OPK
Q4 25
7.4%
-25.8%
Q3 25
31.1%
31.7%
Q2 25
38.3%
-38.3%
Q1 25
37.3%
-44.8%
Q4 24
28.0%
-18.0%
Q3 24
24.0%
8.2%
Q2 24
52.8%
-33.9%
Q1 24
42.2%
-41.2%
Net Margin
EFC
EFC
OPK
OPK
Q4 25
28.9%
-21.1%
Q3 25
35.7%
14.3%
Q2 25
46.4%
-94.7%
Q1 25
38.2%
-45.1%
Q4 24
42.6%
7.6%
Q3 24
24.1%
14.3%
Q2 24
57.4%
-5.7%
Q1 24
35.6%
-47.1%
EPS (diluted)
EFC
EFC
OPK
OPK
Q4 25
$0.10
$-0.04
Q3 25
$0.29
$0.03
Q2 25
$0.45
$-0.19
Q1 25
$0.35
$-0.10
Q4 24
$0.23
$0.02
Q3 24
$0.19
$0.03
Q2 24
$0.62
$-0.01
Q1 24
$0.32
$-0.12

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
OPK
OPK
Cash + ST InvestmentsLiquidity on hand
$201.9M
$364.4M
Total DebtLower is stronger
$344.0M
Stockholders' EquityBook value
$1.8B
$1.3B
Total Assets
$19.4B
$1.9B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
OPK
OPK
Q4 25
$201.9M
$364.4M
Q3 25
$184.8M
$412.0M
Q2 25
$211.0M
$267.3M
Q1 25
$203.3M
$428.8M
Q4 24
$192.4M
$426.6M
Q3 24
$217.7M
$400.1M
Q2 24
$198.5M
$40.6M
Q1 24
$187.5M
$75.6M
Total Debt
EFC
EFC
OPK
OPK
Q4 25
$344.0M
Q3 25
$344.2M
Q2 25
$343.3M
Q1 25
$439.2M
Q4 24
$437.2M
Q3 24
$441.0M
Q2 24
$201.9M
Q1 24
$350.1M
Stockholders' Equity
EFC
EFC
OPK
OPK
Q4 25
$1.8B
$1.3B
Q3 25
$1.8B
$1.3B
Q2 25
$1.7B
$1.3B
Q1 25
$1.6B
$1.3B
Q4 24
$1.6B
$1.4B
Q3 24
$1.6B
$1.4B
Q2 24
$1.6B
$1.4B
Q1 24
$1.5B
$1.3B
Total Assets
EFC
EFC
OPK
OPK
Q4 25
$19.4B
$1.9B
Q3 25
$17.8B
$2.0B
Q2 25
$17.1B
$2.0B
Q1 25
$16.6B
$2.1B
Q4 24
$16.3B
$2.2B
Q3 24
$16.0B
$2.3B
Q2 24
$15.1B
$2.0B
Q1 24
$15.1B
$2.0B
Debt / Equity
EFC
EFC
OPK
OPK
Q4 25
0.27×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.33×
Q4 24
0.32×
Q3 24
0.31×
Q2 24
0.14×
Q1 24
0.28×

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
OPK
OPK
Operating Cash FlowLast quarter
$-925.5M
$-25.9M
Free Cash FlowOCF − Capex
$-28.6M
FCF MarginFCF / Revenue
-19.3%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters
$-190.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
OPK
OPK
Q4 25
$-925.5M
$-25.9M
Q3 25
$-290.4M
$-34.6M
Q2 25
$-210.5M
$-83.4M
Q1 25
$-126.4M
$-34.6M
Q4 24
$-430.5M
$-44.4M
Q3 24
$-141.7M
$-77.1M
Q2 24
$-88.6M
$-26.4M
Q1 24
$-59.5M
$-35.6M
Free Cash Flow
EFC
EFC
OPK
OPK
Q4 25
$-28.6M
Q3 25
$-37.8M
Q2 25
$-86.7M
Q1 25
$-37.7M
Q4 24
$-49.8M
Q3 24
$-85.0M
Q2 24
$-33.7M
Q1 24
$-40.0M
FCF Margin
EFC
EFC
OPK
OPK
Q4 25
-19.3%
Q3 25
-24.9%
Q2 25
-55.3%
Q1 25
-25.2%
Q4 24
-27.1%
Q3 24
-49.0%
Q2 24
-18.5%
Q1 24
-23.0%
Capex Intensity
EFC
EFC
OPK
OPK
Q4 25
0.0%
1.8%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
0.0%
2.9%
Q3 24
0.0%
4.6%
Q2 24
0.0%
4.0%
Q1 24
0.0%
2.6%
Cash Conversion
EFC
EFC
OPK
OPK
Q4 25
-40.92×
Q3 25
-9.84×
-1.60×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
-3.17×
Q3 24
-8.76×
-3.10×
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.

OPK
OPK

Services$71.1M48%
Transfer Of Intellectual Property And Other$33.7M23%
IE$22.1M15%
Rayaldee$8.8M6%
Barda Agreement$6.8M5%
MX$6.3M4%

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