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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $44.6M, roughly 1.8× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -90.4%, a 119.3% gap on every dollar of revenue. On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs 8.7%). Over the past eight quarters, PACIFIC BIOSCIENCES OF CALIFORNIA, INC.'s revenue compounded faster (7.3% 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.

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

EFC vs PACB — Head-to-Head

Bigger by revenue
EFC
EFC
1.8× larger
EFC
$78.2M
$44.6M
PACB
Growing faster (revenue YoY)
PACB
PACB
+5.1% gap
PACB
13.8%
8.7%
EFC
Higher net margin
EFC
EFC
119.3% more per $
EFC
28.9%
-90.4%
PACB
Faster 2-yr revenue CAGR
PACB
PACB
Annualised
PACB
7.3%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
PACB
PACB
Revenue
$78.2M
$44.6M
Net Profit
$22.6M
$-40.4M
Gross Margin
37.1%
Operating Margin
7.4%
-92.3%
Net Margin
28.9%
-90.4%
Revenue YoY
8.7%
13.8%
Net Profit YoY
-26.2%
-1802.7%
EPS (diluted)
$0.10
$-0.11

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
PACB
PACB
Q4 25
$78.2M
$44.6M
Q3 25
$82.8M
$38.4M
Q2 25
$92.5M
$39.8M
Q1 25
$82.9M
$37.2M
Q4 24
$72.0M
$39.2M
Q3 24
$67.0M
$40.0M
Q2 24
$91.2M
$36.0M
Q1 24
$75.5M
$38.8M
Net Profit
EFC
EFC
PACB
PACB
Q4 25
$22.6M
$-40.4M
Q3 25
$29.5M
$-38.0M
Q2 25
$42.9M
$-41.9M
Q1 25
$31.6M
$-426.1M
Q4 24
$30.7M
$2.4M
Q3 24
$16.2M
$-60.7M
Q2 24
$52.3M
$-173.3M
Q1 24
$26.9M
$-78.2M
Gross Margin
EFC
EFC
PACB
PACB
Q4 25
37.1%
Q3 25
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
25.0%
Q2 24
16.5%
Q1 24
29.1%
Operating Margin
EFC
EFC
PACB
PACB
Q4 25
7.4%
-92.3%
Q3 25
31.1%
-101.1%
Q2 25
38.3%
-112.8%
Q1 25
37.3%
-1154.5%
Q4 24
28.0%
-390.1%
Q3 24
24.0%
-160.3%
Q2 24
52.8%
-488.3%
Q1 24
42.2%
-209.6%
Net Margin
EFC
EFC
PACB
PACB
Q4 25
28.9%
-90.4%
Q3 25
35.7%
-98.9%
Q2 25
46.4%
-105.4%
Q1 25
38.2%
-1146.8%
Q4 24
42.6%
6.0%
Q3 24
24.1%
-151.9%
Q2 24
57.4%
-481.3%
Q1 24
35.6%
-201.4%
EPS (diluted)
EFC
EFC
PACB
PACB
Q4 25
$0.10
$-0.11
Q3 25
$0.29
$-0.13
Q2 25
$0.45
$-0.14
Q1 25
$0.35
$-1.44
Q4 24
$0.23
$-0.44
Q3 24
$0.19
$-0.22
Q2 24
$0.62
$-0.64
Q1 24
$0.32
$-0.29

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$201.9M
$279.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$5.3M
Total Assets
$19.4B
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
PACB
PACB
Q4 25
$201.9M
$279.5M
Q3 25
$184.8M
$298.7M
Q2 25
$211.0M
$314.7M
Q1 25
$203.3M
$343.1M
Q4 24
$192.4M
$389.9M
Q3 24
$217.7M
$471.1M
Q2 24
$198.5M
$509.8M
Q1 24
$187.5M
$561.9M
Stockholders' Equity
EFC
EFC
PACB
PACB
Q4 25
$1.8B
$5.3M
Q3 25
$1.8B
$36.1M
Q2 25
$1.7B
$61.5M
Q1 25
$1.6B
$91.6M
Q4 24
$1.6B
$506.6M
Q3 24
$1.6B
$453.1M
Q2 24
$1.6B
$492.7M
Q1 24
$1.5B
$649.0M
Total Assets
EFC
EFC
PACB
PACB
Q4 25
$19.4B
$784.1M
Q3 25
$17.8B
$803.2M
Q2 25
$17.1B
$825.5M
Q1 25
$16.6B
$860.8M
Q4 24
$16.3B
$1.3B
Q3 24
$16.0B
$1.5B
Q2 24
$15.1B
$1.5B
Q1 24
$15.1B
$1.7B

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
PACB
PACB
Operating Cash FlowLast quarter
$-925.5M
$-19.1M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-44.6%
Capex IntensityCapex / Revenue
0.0%
1.9%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
PACB
PACB
Q4 25
$-925.5M
$-19.1M
Q3 25
$-290.4M
$-18.7M
Q2 25
$-210.5M
$-29.4M
Q1 25
$-126.4M
$-44.1M
Q4 24
$-430.5M
$-30.6M
Q3 24
$-141.7M
$-45.5M
Q2 24
$-88.6M
$-54.3M
Q1 24
$-59.5M
$-75.7M
Free Cash Flow
EFC
EFC
PACB
PACB
Q4 25
$-19.9M
Q3 25
$-18.8M
Q2 25
$-29.9M
Q1 25
$-45.4M
Q4 24
$-32.3M
Q3 24
$-46.3M
Q2 24
$-55.7M
Q1 24
$-79.6M
FCF Margin
EFC
EFC
PACB
PACB
Q4 25
-44.6%
Q3 25
-48.9%
Q2 25
-75.3%
Q1 25
-122.3%
Q4 24
-82.3%
Q3 24
-115.7%
Q2 24
-154.8%
Q1 24
-205.0%
Capex Intensity
EFC
EFC
PACB
PACB
Q4 25
0.0%
1.9%
Q3 25
0.2%
Q2 25
1.4%
Q1 25
3.7%
Q4 24
0.0%
4.1%
Q3 24
0.0%
2.0%
Q2 24
0.0%
4.1%
Q1 24
0.0%
10.0%
Cash Conversion
EFC
EFC
PACB
PACB
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
-12.93×
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.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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