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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $46.6M, roughly 1.7× SolarMax Technology, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -1.9%, a 30.8% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 8.7%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
EFC vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $46.6M |
| Net Profit | $22.6M | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | 7.4% | -2.7% |
| Net Margin | 28.9% | -1.9% |
| Revenue YoY | 8.7% | 623.5% |
| Net Profit YoY | -26.2% | 77.7% |
| EPS (diluted) | $0.10 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $82.8M | $30.6M | ||
| Q2 25 | $92.5M | $6.9M | ||
| Q1 25 | $82.9M | $6.9M | ||
| Q4 24 | $72.0M | $6.4M | ||
| Q3 24 | $67.0M | $6.3M | ||
| Q2 24 | $91.2M | — | ||
| Q1 24 | $75.5M | — |
| Q4 25 | $22.6M | $-872.2K | ||
| Q3 25 | $29.5M | $-2.3M | ||
| Q2 25 | $42.9M | $-1.9M | ||
| Q1 25 | $31.6M | $-1.3M | ||
| Q4 24 | $30.7M | $-3.9M | ||
| Q3 24 | $16.2M | $-9.6M | ||
| Q2 24 | $52.3M | — | ||
| Q1 24 | $26.9M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 7.4% | -2.7% | ||
| Q3 25 | 31.1% | -6.9% | ||
| Q2 25 | 38.3% | -25.7% | ||
| Q1 25 | 37.3% | -16.7% | ||
| Q4 24 | 28.0% | -27.9% | ||
| Q3 24 | 24.0% | -158.4% | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 42.2% | — |
| Q4 25 | 28.9% | -1.9% | ||
| Q3 25 | 35.7% | -7.4% | ||
| Q2 25 | 46.4% | -27.6% | ||
| Q1 25 | 38.2% | -18.7% | ||
| Q4 24 | 42.6% | -60.6% | ||
| Q3 24 | 24.1% | -152.0% | ||
| Q2 24 | 57.4% | — | ||
| Q1 24 | 35.6% | — |
| Q4 25 | $0.10 | $-0.02 | ||
| Q3 25 | $0.29 | $-0.04 | ||
| Q2 25 | $0.45 | $-0.04 | ||
| Q1 25 | $0.35 | $-0.03 | ||
| Q4 24 | $0.23 | $-0.07 | ||
| Q3 24 | $0.19 | $-0.21 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $-12.2M |
| Total Assets | $19.4B | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $8.0M | ||
| Q3 25 | $184.8M | $5.7M | ||
| Q2 25 | $211.0M | $1.9M | ||
| Q1 25 | $203.3M | $6.8M | ||
| Q4 24 | $192.4M | $7.1M | ||
| Q3 24 | $217.7M | $8.6M | ||
| Q2 24 | $198.5M | — | ||
| Q1 24 | $187.5M | — |
| Q4 25 | $1.8B | $-12.2M | ||
| Q3 25 | $1.8B | $-11.8M | ||
| Q2 25 | $1.7B | $-15.1M | ||
| Q1 25 | $1.6B | $-15.9M | ||
| Q4 24 | $1.6B | $-15.1M | ||
| Q3 24 | $1.6B | $-10.9M | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $19.4B | $91.3M | ||
| Q3 25 | $17.8B | $58.7M | ||
| Q2 25 | $17.1B | $38.2M | ||
| Q1 25 | $16.6B | $38.6M | ||
| Q4 24 | $16.3B | $38.6M | ||
| Q3 24 | $16.0B | $43.0M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $-2.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $-2.5M | ||
| Q3 25 | $-290.4M | $3.4M | ||
| Q2 25 | $-210.5M | $220.7K | ||
| Q1 25 | $-126.4M | $-601.1K | ||
| Q4 24 | $-430.5M | $-1.3M | ||
| Q3 24 | $-141.7M | $203.6K | ||
| Q2 24 | $-88.6M | — | ||
| Q1 24 | $-59.5M | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| 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.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
