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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $60.9M, roughly 1.3× TSS, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 20.0%, a 8.9% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 8.7%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
EFC vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $60.9M |
| Net Profit | $22.6M | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | 7.4% | 1.5% |
| Net Margin | 28.9% | 20.0% |
| Revenue YoY | 8.7% | 21.8% |
| Net Profit YoY | -26.2% | 535.7% |
| EPS (diluted) | $0.10 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $82.8M | $41.9M | ||
| Q2 25 | $92.5M | $44.0M | ||
| Q1 25 | $82.9M | $99.0M | ||
| Q4 24 | $72.0M | $50.0M | ||
| Q3 24 | $67.0M | $70.1M | ||
| Q2 24 | $91.2M | $12.2M | ||
| Q1 24 | $75.5M | $15.9M |
| Q4 25 | $22.6M | $12.2M | ||
| Q3 25 | $29.5M | $-1.5M | ||
| Q2 25 | $42.9M | $1.5M | ||
| Q1 25 | $31.6M | $3.0M | ||
| Q4 24 | $30.7M | $1.9M | ||
| Q3 24 | $16.2M | $2.6M | ||
| Q2 24 | $52.3M | $1.4M | ||
| Q1 24 | $26.9M | $15.0K |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 17.1% |
| Q4 25 | 7.4% | 1.5% | ||
| Q3 25 | 31.1% | -2.2% | ||
| Q2 25 | 38.3% | 5.1% | ||
| Q1 25 | 37.3% | 4.2% | ||
| Q4 24 | 28.0% | 0.0% | ||
| Q3 24 | 24.0% | 5.4% | ||
| Q2 24 | 52.8% | 14.0% | ||
| Q1 24 | 42.2% | 1.6% |
| Q4 25 | 28.9% | 20.0% | ||
| Q3 25 | 35.7% | -3.6% | ||
| Q2 25 | 46.4% | 3.4% | ||
| Q1 25 | 38.2% | 3.0% | ||
| Q4 24 | 42.6% | 3.8% | ||
| Q3 24 | 24.1% | 3.8% | ||
| Q2 24 | 57.4% | 11.5% | ||
| Q1 24 | 35.6% | 0.1% |
| Q4 25 | $0.10 | $0.44 | ||
| Q3 25 | $0.29 | $-0.06 | ||
| Q2 25 | $0.45 | $0.06 | ||
| Q1 25 | $0.35 | $0.12 | ||
| Q4 24 | $0.23 | $0.08 | ||
| Q3 24 | $0.19 | $0.10 | ||
| Q2 24 | $0.62 | $0.06 | ||
| Q1 24 | $0.32 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $76.6M |
| Total Assets | $19.4B | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $85.5M | ||
| Q3 25 | $184.8M | $70.7M | ||
| Q2 25 | $211.0M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $192.4M | $23.2M | ||
| Q3 24 | $217.7M | $46.4M | ||
| Q2 24 | $198.5M | $8.3M | ||
| Q1 24 | $187.5M | $14.4M |
| Q4 25 | $1.8B | $76.6M | ||
| Q3 25 | $1.8B | $63.4M | ||
| Q2 25 | $1.7B | $9.5M | ||
| Q1 25 | $1.6B | $9.4M | ||
| Q4 24 | $1.6B | $7.1M | ||
| Q3 24 | $1.6B | $7.7M | ||
| Q2 24 | $1.6B | $5.2M | ||
| Q1 24 | $1.5B | $3.7M |
| Q4 25 | $19.4B | $184.9M | ||
| Q3 25 | $17.8B | $165.4M | ||
| Q2 25 | $17.1B | $139.5M | ||
| Q1 25 | $16.6B | $113.5M | ||
| Q4 24 | $16.3B | $96.6M | ||
| Q3 24 | $16.0B | $67.3M | ||
| Q2 24 | $15.1B | $28.9M | ||
| Q1 24 | $15.1B | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | -40.92× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $16.3M | ||
| Q3 25 | $-290.4M | $-18.4M | ||
| Q2 25 | $-210.5M | $16.3M | ||
| Q1 25 | $-126.4M | $20.6M | ||
| Q4 24 | $-430.5M | $-21.6M | ||
| Q3 24 | $-141.7M | $38.6M | ||
| Q2 24 | $-88.6M | $-4.3M | ||
| Q1 24 | $-59.5M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 0.0% | 13.4% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 13.8% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | -40.92× | 1.34× | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | 11.02× | ||
| Q1 25 | -3.99× | 6.93× | ||
| Q4 24 | -14.04× | -11.32× | ||
| Q3 24 | -8.76× | 14.60× | ||
| Q2 24 | -1.69× | -3.09× | ||
| Q1 24 | -2.21× | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
