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

SunCar Technology Group Inc. is the larger business by last-quarter revenue ($119.7M vs $78.2M, roughly 1.5× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -1.6%, a 30.5% gap on every dollar of revenue.

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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

EFC vs SDA — Head-to-Head

Bigger by revenue
SDA
SDA
1.5× larger
SDA
$119.7M
$78.2M
EFC
Higher net margin
EFC
EFC
30.5% more per $
EFC
28.9%
-1.6%
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
EFC
EFC
SDA
SDA
Revenue
$78.2M
$119.7M
Net Profit
$22.6M
$-1.9M
Gross Margin
Operating Margin
7.4%
1.5%
Net Margin
28.9%
-1.6%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10

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
SDA
SDA
Q4 25
$78.2M
Q3 25
$82.8M
Q2 25
$92.5M
$119.7M
Q1 25
$82.9M
$102.6M
Q4 24
$72.0M
Q3 24
$67.0M
$109.6M
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
SDA
SDA
Q4 25
$22.6M
Q3 25
$29.5M
Q2 25
$42.9M
$-1.9M
Q1 25
$31.6M
$-3.6M
Q4 24
$30.7M
Q3 24
$16.2M
$-2.2M
Q2 24
$52.3M
Q1 24
$26.9M
Operating Margin
EFC
EFC
SDA
SDA
Q4 25
7.4%
Q3 25
31.1%
Q2 25
38.3%
1.5%
Q1 25
37.3%
-2.9%
Q4 24
28.0%
Q3 24
24.0%
0.2%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
EFC
EFC
SDA
SDA
Q4 25
28.9%
Q3 25
35.7%
Q2 25
46.4%
-1.6%
Q1 25
38.2%
-3.6%
Q4 24
42.6%
Q3 24
24.1%
-2.0%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
SDA
SDA
Q4 25
$0.10
Q3 25
$0.29
Q2 25
$0.45
Q1 25
$0.35
$-0.03
Q4 24
$0.23
Q3 24
$0.19
$-0.01
Q2 24
$0.62
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$201.9M
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$29.4M
Total Assets
$19.4B
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
SDA
SDA
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
$45.7M
Q1 25
$203.3M
$60.5M
Q4 24
$192.4M
Q3 24
$217.7M
$42.0M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
EFC
EFC
SDA
SDA
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
$29.4M
Q1 25
$1.6B
$34.8M
Q4 24
$1.6B
Q3 24
$1.6B
$17.7M
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
SDA
SDA
Q4 25
$19.4B
Q3 25
$17.8B
Q2 25
$17.1B
$277.5M
Q1 25
$16.6B
$276.7M
Q4 24
$16.3B
Q3 24
$16.0B
$252.1M
Q2 24
$15.1B
Q1 24
$15.1B

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
SDA
SDA
Operating Cash FlowLast quarter
$-925.5M
$9.0K
Free Cash FlowOCF − Capex
$3.0K
FCF MarginFCF / Revenue
0.0%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
SDA
SDA
Q4 25
$-925.5M
Q3 25
$-290.4M
Q2 25
$-210.5M
$9.0K
Q1 25
$-126.4M
$-9.3M
Q4 24
$-430.5M
Q3 24
$-141.7M
$3.8M
Q2 24
$-88.6M
Q1 24
$-59.5M
Free Cash Flow
EFC
EFC
SDA
SDA
Q4 25
Q3 25
Q2 25
$3.0K
Q1 25
$-9.3M
Q4 24
Q3 24
$3.5M
Q2 24
Q1 24
FCF Margin
EFC
EFC
SDA
SDA
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
-9.0%
Q4 24
Q3 24
3.2%
Q2 24
Q1 24
Capex Intensity
EFC
EFC
SDA
SDA
Q4 25
0.0%
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
0.3%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
SDA
SDA
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
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.

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