vs
Side-by-side financial comparison of Ellington Financial Inc. (EFC) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $78.2M, roughly 1.2× Ellington Financial Inc.). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 28.9%, a 27.1% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
EFC vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $93.6M |
| Net Profit | $22.6M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | 38.6% |
| Net Margin | 28.9% | 56.0% |
| Revenue YoY | 8.7% | -13.3% |
| Net Profit YoY | -26.2% | 12.5% |
| EPS (diluted) | $0.10 | $0.49 |
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.
| Q4 25 | $78.2M | $93.6M | ||
| Q3 25 | $82.8M | $99.2M | ||
| Q2 25 | $92.5M | $70.2M | ||
| Q1 25 | $82.9M | $44.5M | ||
| Q4 24 | $72.0M | $107.9M | ||
| Q3 24 | $67.0M | $80.9M | ||
| Q2 24 | $91.2M | $71.2M | ||
| Q1 24 | $75.5M | $74.2M |
| Q4 25 | $22.6M | $52.4M | ||
| Q3 25 | $29.5M | $58.3M | ||
| Q2 25 | $42.9M | $7.5M | ||
| Q1 25 | $31.6M | $9.7M | ||
| Q4 24 | $30.7M | $46.5M | ||
| Q3 24 | $16.2M | $41.4M | ||
| Q2 24 | $52.3M | $25.4M | ||
| Q1 24 | $26.9M | $47.6M |
| Q4 25 | 7.4% | 38.6% | ||
| Q3 25 | 31.1% | 47.4% | ||
| Q2 25 | 38.3% | 24.2% | ||
| Q1 25 | 37.3% | -14.2% | ||
| Q4 24 | 28.0% | 51.1% | ||
| Q3 24 | 24.0% | 32.8% | ||
| Q2 24 | 52.8% | 40.2% | ||
| Q1 24 | 42.2% | 43.6% |
| Q4 25 | 28.9% | 56.0% | ||
| Q3 25 | 35.7% | 58.7% | ||
| Q2 25 | 46.4% | 10.7% | ||
| Q1 25 | 38.2% | 21.8% | ||
| Q4 24 | 42.6% | 43.1% | ||
| Q3 24 | 24.1% | 51.2% | ||
| Q2 24 | 57.4% | 35.7% | ||
| Q1 24 | 35.6% | 64.2% |
| Q4 25 | $0.10 | $0.49 | ||
| Q3 25 | $0.29 | $0.55 | ||
| Q2 25 | $0.45 | $-0.04 | ||
| Q1 25 | $0.35 | $-0.01 | ||
| Q4 24 | $0.23 | $0.45 | ||
| Q3 24 | $0.19 | $0.36 | ||
| Q2 24 | $0.62 | $0.17 | ||
| Q1 24 | $0.32 | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $1.8B | $1.9B |
| Total Assets | $19.4B | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $190.5M | ||
| Q3 25 | $184.8M | $181.0M | ||
| Q2 25 | $211.0M | $108.6M | ||
| Q1 25 | $203.3M | $204.2M | ||
| Q4 24 | $192.4M | $103.2M | ||
| Q3 24 | $217.7M | $102.8M | ||
| Q2 24 | $198.5M | $336.3M | ||
| Q1 24 | $187.5M | $343.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.5B | $2.0B |
| Q4 25 | $19.4B | $21.3B | ||
| Q3 25 | $17.8B | $18.5B | ||
| Q2 25 | $17.1B | $16.8B | ||
| Q1 25 | $16.6B | $14.9B | ||
| Q4 24 | $16.3B | $14.4B | ||
| Q3 24 | $16.0B | $13.1B | ||
| Q2 24 | $15.1B | $12.1B | ||
| Q1 24 | $15.1B | $12.3B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $-7.2B | ||
| Q3 25 | $-290.4M | $-1.3B | ||
| Q2 25 | $-210.5M | $-2.0B | ||
| Q1 25 | $-126.4M | $-594.3M | ||
| Q4 24 | $-430.5M | $-2.7B | ||
| Q3 24 | $-141.7M | $-983.8M | ||
| Q2 24 | $-88.6M | $243.8M | ||
| Q1 24 | $-59.5M | $-342.4M |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -40.92× | -137.76× | ||
| Q3 25 | -9.84× | -22.26× | ||
| Q2 25 | -4.90× | -267.53× | ||
| Q1 25 | -3.99× | -61.39× | ||
| Q4 24 | -14.04× | -58.08× | ||
| Q3 24 | -8.76× | -23.76× | ||
| Q2 24 | -1.69× | 9.59× | ||
| Q1 24 | -2.21× | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
