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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and TELOS CORP (TLS). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $46.8M, roughly 1.7× TELOS CORP). Ellington Financial Inc. runs the higher net margin — 28.9% vs -34.9%, a 63.8% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 8.7%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
EFC vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $46.8M |
| Net Profit | $22.6M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 7.4% | -39.6% |
| Net Margin | 28.9% | -34.9% |
| Revenue YoY | 8.7% | 77.4% |
| Net Profit YoY | -26.2% | -74.8% |
| EPS (diluted) | $0.10 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $82.8M | $51.4M | ||
| Q2 25 | $92.5M | $36.0M | ||
| Q1 25 | $82.9M | $30.6M | ||
| Q4 24 | $72.0M | $26.4M | ||
| Q3 24 | $67.0M | $23.8M | ||
| Q2 24 | $91.2M | $28.5M | ||
| Q1 24 | $75.5M | $29.6M |
| Q4 25 | $22.6M | $-16.3M | ||
| Q3 25 | $29.5M | $-2.1M | ||
| Q2 25 | $42.9M | $-9.5M | ||
| Q1 25 | $31.6M | $-8.6M | ||
| Q4 24 | $30.7M | $-9.3M | ||
| Q3 24 | $16.2M | $-28.1M | ||
| Q2 24 | $52.3M | $-7.8M | ||
| Q1 24 | $26.9M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 7.4% | -39.6% | ||
| Q3 25 | 31.1% | -4.8% | ||
| Q2 25 | 38.3% | -27.5% | ||
| Q1 25 | 37.3% | -29.5% | ||
| Q4 24 | 28.0% | -37.6% | ||
| Q3 24 | 24.0% | -121.4% | ||
| Q2 24 | 52.8% | -30.3% | ||
| Q1 24 | 42.2% | -28.5% |
| Q4 25 | 28.9% | -34.9% | ||
| Q3 25 | 35.7% | -4.1% | ||
| Q2 25 | 46.4% | -26.5% | ||
| Q1 25 | 38.2% | -28.1% | ||
| Q4 24 | 42.6% | -35.4% | ||
| Q3 24 | 24.1% | -118.0% | ||
| Q2 24 | 57.4% | -27.2% | ||
| Q1 24 | 35.6% | -24.9% |
| Q4 25 | $0.10 | $-0.22 | ||
| Q3 25 | $0.29 | $-0.03 | ||
| Q2 25 | $0.45 | $-0.13 | ||
| Q1 25 | $0.35 | $-0.12 | ||
| Q4 24 | $0.23 | $-0.13 | ||
| Q3 24 | $0.19 | $-0.39 | ||
| Q2 24 | $0.62 | $-0.11 | ||
| Q1 24 | $0.32 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $96.0M |
| Total Assets | $19.4B | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $53.2M | ||
| Q3 25 | $184.8M | $59.0M | ||
| Q2 25 | $211.0M | $57.0M | ||
| Q1 25 | $203.3M | $57.8M | ||
| Q4 24 | $192.4M | $54.6M | ||
| Q3 24 | $217.7M | $69.8M | ||
| Q2 24 | $198.5M | $80.1M | ||
| Q1 24 | $187.5M | $93.9M |
| Q4 25 | $1.8B | $96.0M | ||
| Q3 25 | $1.8B | $119.7M | ||
| Q2 25 | $1.7B | $118.4M | ||
| Q1 25 | $1.6B | $126.1M | ||
| Q4 24 | $1.6B | $127.1M | ||
| Q3 24 | $1.6B | $129.5M | ||
| Q2 24 | $1.6B | $149.1M | ||
| Q1 24 | $1.5B | $154.4M |
| Q4 25 | $19.4B | $139.9M | ||
| Q3 25 | $17.8B | $164.3M | ||
| Q2 25 | $17.1B | $165.0M | ||
| Q1 25 | $16.6B | $158.1M | ||
| Q4 24 | $16.3B | $158.2M | ||
| Q3 24 | $16.0B | $166.3M | ||
| Q2 24 | $15.1B | $182.4M | ||
| Q1 24 | $15.1B | $195.4M |
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 | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $8.0M | ||
| Q3 25 | $-290.4M | $9.1M | ||
| Q2 25 | $-210.5M | $7.0M | ||
| Q1 25 | $-126.4M | $6.1M | ||
| Q4 24 | $-430.5M | $-10.5M | ||
| Q3 24 | $-141.7M | $-7.1M | ||
| Q2 24 | $-88.6M | $-8.0M | ||
| Q1 24 | $-59.5M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.0% | 7.1% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.8% | ||
| Q1 24 | 0.0% | 0.3% |
| 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.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
