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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $39.4M, roughly 2.0× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 28.9%, a 26.0% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 1.1%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

EFC vs SD — Head-to-Head

Bigger by revenue
EFC
EFC
2.0× larger
EFC
$78.2M
$39.4M
SD
Growing faster (revenue YoY)
EFC
EFC
+7.6% gap
EFC
8.7%
1.1%
SD
Higher net margin
SD
SD
26.0% more per $
SD
54.9%
28.9%
EFC
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
SD
SD
Revenue
$78.2M
$39.4M
Net Profit
$22.6M
$21.6M
Gross Margin
Operating Margin
7.4%
38.5%
Net Margin
28.9%
54.9%
Revenue YoY
8.7%
1.1%
Net Profit YoY
-26.2%
23.1%
EPS (diluted)
$0.10
$0.59

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
SD
SD
Q4 25
$78.2M
$39.4M
Q3 25
$82.8M
$39.8M
Q2 25
$92.5M
$34.5M
Q1 25
$82.9M
$42.6M
Q4 24
$72.0M
$39.0M
Q3 24
$67.0M
$30.1M
Q2 24
$91.2M
$26.0M
Q1 24
$75.5M
$30.3M
Net Profit
EFC
EFC
SD
SD
Q4 25
$22.6M
$21.6M
Q3 25
$29.5M
$16.0M
Q2 25
$42.9M
$19.6M
Q1 25
$31.6M
$13.0M
Q4 24
$30.7M
$17.6M
Q3 24
$16.2M
$25.5M
Q2 24
$52.3M
$8.8M
Q1 24
$26.9M
$11.1M
Operating Margin
EFC
EFC
SD
SD
Q4 25
7.4%
38.5%
Q3 25
31.1%
37.8%
Q2 25
38.3%
53.7%
Q1 25
37.3%
28.6%
Q4 24
28.0%
25.9%
Q3 24
24.0%
28.3%
Q2 24
52.8%
23.9%
Q1 24
42.2%
27.8%
Net Margin
EFC
EFC
SD
SD
Q4 25
28.9%
54.9%
Q3 25
35.7%
40.1%
Q2 25
46.4%
56.6%
Q1 25
38.2%
30.6%
Q4 24
42.6%
45.1%
Q3 24
24.1%
84.8%
Q2 24
57.4%
33.9%
Q1 24
35.6%
36.7%
EPS (diluted)
EFC
EFC
SD
SD
Q4 25
$0.10
$0.59
Q3 25
$0.29
$0.43
Q2 25
$0.45
$0.53
Q1 25
$0.35
$0.35
Q4 24
$0.23
$0.46
Q3 24
$0.19
$0.69
Q2 24
$0.62
$0.24
Q1 24
$0.32
$0.30

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
SD
SD
Cash + ST InvestmentsLiquidity on hand
$201.9M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$510.9M
Total Assets
$19.4B
$644.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
SD
SD
Q4 25
$201.9M
$111.0M
Q3 25
$184.8M
$101.2M
Q2 25
$211.0M
$102.8M
Q1 25
$203.3M
$99.7M
Q4 24
$192.4M
$98.1M
Q3 24
$217.7M
$92.7M
Q2 24
$198.5M
$209.9M
Q1 24
$187.5M
$207.0M
Stockholders' Equity
EFC
EFC
SD
SD
Q4 25
$1.8B
$510.9M
Q3 25
$1.8B
$492.4M
Q2 25
$1.7B
$480.2M
Q1 25
$1.6B
$464.9M
Q4 24
$1.6B
$460.5M
Q3 24
$1.6B
$446.8M
Q2 24
$1.6B
$424.8M
Q1 24
$1.5B
$419.7M
Total Assets
EFC
EFC
SD
SD
Q4 25
$19.4B
$644.0M
Q3 25
$17.8B
$619.0M
Q2 25
$17.1B
$602.3M
Q1 25
$16.6B
$588.3M
Q4 24
$16.3B
$581.5M
Q3 24
$16.0B
$565.2M
Q2 24
$15.1B
$529.6M
Q1 24
$15.1B
$527.4M

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
SD
SD
Operating Cash FlowLast quarter
$-925.5M
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
0.0%
43.8%
Cash ConversionOCF / Net Profit
-40.92×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
SD
SD
Q4 25
$-925.5M
$31.7M
Q3 25
$-290.4M
$25.3M
Q2 25
$-210.5M
$22.9M
Q1 25
$-126.4M
$20.3M
Q4 24
$-430.5M
$26.0M
Q3 24
$-141.7M
$20.8M
Q2 24
$-88.6M
$11.4M
Q1 24
$-59.5M
$15.7M
Free Cash Flow
EFC
EFC
SD
SD
Q4 25
$14.4M
Q3 25
$5.9M
Q2 25
$7.3M
Q1 25
$13.9M
Q4 24
$13.2M
Q3 24
$10.8M
Q2 24
$9.0M
Q1 24
$14.6M
FCF Margin
EFC
EFC
SD
SD
Q4 25
36.6%
Q3 25
14.9%
Q2 25
21.0%
Q1 25
32.7%
Q4 24
33.8%
Q3 24
36.1%
Q2 24
34.5%
Q1 24
48.1%
Capex Intensity
EFC
EFC
SD
SD
Q4 25
0.0%
43.8%
Q3 25
48.6%
Q2 25
45.2%
Q1 25
15.0%
Q4 24
0.0%
32.9%
Q3 24
0.0%
33.3%
Q2 24
0.0%
9.4%
Q1 24
0.0%
3.7%
Cash Conversion
EFC
EFC
SD
SD
Q4 25
-40.92×
1.46×
Q3 25
-9.84×
1.58×
Q2 25
-4.90×
1.17×
Q1 25
-3.99×
1.56×
Q4 24
-14.04×
1.48×
Q3 24
-8.76×
0.82×
Q2 24
-1.69×
1.30×
Q1 24
-2.21×
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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