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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $39.6M, roughly 2.0× SBC Medical Group Holdings Inc). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs 28.9%, a 7.0% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -10.9%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -15.0%).

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.

SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.

EFC vs SBC — Head-to-Head

Bigger by revenue
EFC
EFC
2.0× larger
EFC
$78.2M
$39.6M
SBC
Growing faster (revenue YoY)
EFC
EFC
+19.6% gap
EFC
8.7%
-10.9%
SBC
Higher net margin
SBC
SBC
7.0% more per $
SBC
35.9%
28.9%
EFC
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-15.0%
SBC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
SBC
SBC
Revenue
$78.2M
$39.6M
Net Profit
$22.6M
$14.2M
Gross Margin
73.1%
Operating Margin
7.4%
32.5%
Net Margin
28.9%
35.9%
Revenue YoY
8.7%
-10.9%
Net Profit YoY
-26.2%
117.2%
EPS (diluted)
$0.10
$0.15

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
SBC
SBC
Q4 25
$78.2M
$39.6M
Q3 25
$82.8M
$43.4M
Q2 25
$92.5M
$43.4M
Q1 25
$82.9M
$47.3M
Q4 24
$72.0M
$44.4M
Q3 24
$67.0M
$53.1M
Q2 24
$91.2M
$53.1M
Q1 24
$75.5M
$54.8M
Net Profit
EFC
EFC
SBC
SBC
Q4 25
$22.6M
$14.2M
Q3 25
$29.5M
$12.8M
Q2 25
$42.9M
$2.5M
Q1 25
$31.6M
$21.5M
Q4 24
$30.7M
$6.5M
Q3 24
$16.2M
$2.8M
Q2 24
$52.3M
$18.5M
Q1 24
$26.9M
$18.8M
Gross Margin
EFC
EFC
SBC
SBC
Q4 25
73.1%
Q3 25
70.6%
Q2 25
69.2%
Q1 25
79.7%
Q4 24
76.3%
Q3 24
81.5%
Q2 24
74.2%
Q1 24
72.1%
Operating Margin
EFC
EFC
SBC
SBC
Q4 25
7.4%
32.5%
Q3 25
31.1%
36.6%
Q2 25
38.3%
33.6%
Q1 25
37.3%
51.1%
Q4 24
28.0%
10.6%
Q3 24
24.0%
26.1%
Q2 24
52.8%
51.4%
Q1 24
42.2%
44.6%
Net Margin
EFC
EFC
SBC
SBC
Q4 25
28.9%
35.9%
Q3 25
35.7%
29.6%
Q2 25
46.4%
5.7%
Q1 25
38.2%
45.4%
Q4 24
42.6%
14.7%
Q3 24
24.1%
5.3%
Q2 24
57.4%
34.8%
Q1 24
35.6%
34.2%
EPS (diluted)
EFC
EFC
SBC
SBC
Q4 25
$0.10
$0.15
Q3 25
$0.29
$0.12
Q2 25
$0.45
$0.02
Q1 25
$0.35
$0.21
Q4 24
$0.23
$0.05
Q3 24
$0.19
$0.03
Q2 24
$0.62
$0.20
Q1 24
$0.32
$0.20

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
SBC
SBC
Cash + ST InvestmentsLiquidity on hand
$201.9M
$164.1M
Total DebtLower is stronger
$42.8M
Stockholders' EquityBook value
$1.8B
$248.3M
Total Assets
$19.4B
$380.4M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
SBC
SBC
Q4 25
$201.9M
$164.1M
Q3 25
$184.8M
$127.4M
Q2 25
$211.0M
$152.7M
Q1 25
$203.3M
$132.1M
Q4 24
$192.4M
$125.0M
Q3 24
$217.7M
$137.4M
Q2 24
$198.5M
Q1 24
$187.5M
Total Debt
EFC
EFC
SBC
SBC
Q4 25
$42.8M
Q3 25
$21.1M
Q2 25
$7.1M
Q1 25
$6.9M
Q4 24
$6.6M
Q3 24
$823.2K
Q2 24
Q1 24
Stockholders' Equity
EFC
EFC
SBC
SBC
Q4 25
$1.8B
$248.3M
Q3 25
$1.8B
$248.0M
Q2 25
$1.7B
$244.6M
Q1 25
$1.6B
$226.4M
Q4 24
$1.6B
$195.1M
Q3 24
$1.6B
$205.0M
Q2 24
$1.6B
$8.8M
Q1 24
$1.5B
$9.0M
Total Assets
EFC
EFC
SBC
SBC
Q4 25
$19.4B
$380.4M
Q3 25
$17.8B
$321.4M
Q2 25
$17.1B
$315.3M
Q1 25
$16.6B
$284.6M
Q4 24
$16.3B
$266.1M
Q3 24
$16.0B
$296.5M
Q2 24
$15.1B
$19.5M
Q1 24
$15.1B
$19.8M
Debt / Equity
EFC
EFC
SBC
SBC
Q4 25
0.17×
Q3 25
0.09×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.00×
Q2 24
Q1 24

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
SBC
SBC
Operating Cash FlowLast quarter
$-925.5M
$52.0M
Free Cash FlowOCF − Capex
$51.2M
FCF MarginFCF / Revenue
129.3%
Capex IntensityCapex / Revenue
0.0%
2.0%
Cash ConversionOCF / Net Profit
-40.92×
3.66×
TTM Free Cash FlowTrailing 4 quarters
$23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
SBC
SBC
Q4 25
$-925.5M
$52.0M
Q3 25
$-290.4M
$-20.9M
Q2 25
$-210.5M
$-8.3M
Q1 25
$-126.4M
$1.9M
Q4 24
$-430.5M
$-7.3M
Q3 24
$-141.7M
$5.0M
Q2 24
$-88.6M
$19.2M
Q1 24
$-59.5M
$3.7M
Free Cash Flow
EFC
EFC
SBC
SBC
Q4 25
$51.2M
Q3 25
$-20.9M
Q2 25
$-8.6M
Q1 25
$1.7M
Q4 24
$-7.9M
Q3 24
$4.6M
Q2 24
$18.3M
Q1 24
$3.0M
FCF Margin
EFC
EFC
SBC
SBC
Q4 25
129.3%
Q3 25
-48.3%
Q2 25
-19.9%
Q1 25
3.5%
Q4 24
-17.8%
Q3 24
8.7%
Q2 24
34.5%
Q1 24
5.4%
Capex Intensity
EFC
EFC
SBC
SBC
Q4 25
0.0%
2.0%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.5%
Q4 24
0.0%
1.3%
Q3 24
0.0%
0.8%
Q2 24
0.0%
1.6%
Q1 24
0.0%
1.3%
Cash Conversion
EFC
EFC
SBC
SBC
Q4 25
-40.92×
3.66×
Q3 25
-9.84×
-1.63×
Q2 25
-4.90×
-3.39×
Q1 25
-3.99×
0.09×
Q4 24
-14.04×
-1.12×
Q3 24
-8.76×
1.77×
Q2 24
-1.69×
1.04×
Q1 24
-2.21×
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

SBC
SBC

Franchising$10.3M26%
Medical Corporation Shobikai$8.1M21%
Medical Corporation Nasukai$7.2M18%
Management Services$6.3M16%
Rental Services$4.3M11%
Medical Corporation Association Furinkai$3.0M8%
Japan Medical And Beauty Inc$656.5K2%

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