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

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $78.2M, roughly 1.8× Ellington Financial Inc.). VERACYTE, INC. runs the higher net margin — 29.3% vs 28.9%, a 0.4% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs 8.7%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

EFC vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.8× larger
VCYT
$140.6M
$78.2M
EFC
Growing faster (revenue YoY)
VCYT
VCYT
+9.8% gap
VCYT
18.5%
8.7%
EFC
Higher net margin
VCYT
VCYT
0.4% more per $
VCYT
29.3%
28.9%
EFC
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
VCYT
VCYT
Revenue
$78.2M
$140.6M
Net Profit
$22.6M
$41.1M
Gross Margin
72.5%
Operating Margin
7.4%
26.4%
Net Margin
28.9%
29.3%
Revenue YoY
8.7%
18.5%
Net Profit YoY
-26.2%
704.8%
EPS (diluted)
$0.10
$0.50

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
VCYT
VCYT
Q4 25
$78.2M
$140.6M
Q3 25
$82.8M
$131.9M
Q2 25
$92.5M
$130.2M
Q1 25
$82.9M
$114.5M
Q4 24
$72.0M
$118.6M
Q3 24
$67.0M
$115.9M
Q2 24
$91.2M
$114.4M
Q1 24
$75.5M
$96.8M
Net Profit
EFC
EFC
VCYT
VCYT
Q4 25
$22.6M
$41.1M
Q3 25
$29.5M
$19.1M
Q2 25
$42.9M
$-980.0K
Q1 25
$31.6M
$7.0M
Q4 24
$30.7M
$5.1M
Q3 24
$16.2M
$15.2M
Q2 24
$52.3M
$5.7M
Q1 24
$26.9M
$-1.9M
Gross Margin
EFC
EFC
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
EFC
EFC
VCYT
VCYT
Q4 25
7.4%
26.4%
Q3 25
31.1%
17.4%
Q2 25
38.3%
-4.0%
Q1 25
37.3%
2.5%
Q4 24
28.0%
3.5%
Q3 24
24.0%
10.4%
Q2 24
52.8%
4.0%
Q1 24
42.2%
-4.8%
Net Margin
EFC
EFC
VCYT
VCYT
Q4 25
28.9%
29.3%
Q3 25
35.7%
14.5%
Q2 25
46.4%
-0.8%
Q1 25
38.2%
6.2%
Q4 24
42.6%
4.3%
Q3 24
24.1%
13.1%
Q2 24
57.4%
5.0%
Q1 24
35.6%
-1.9%
EPS (diluted)
EFC
EFC
VCYT
VCYT
Q4 25
$0.10
$0.50
Q3 25
$0.29
$0.24
Q2 25
$0.45
$-0.01
Q1 25
$0.35
$0.09
Q4 24
$0.23
$0.07
Q3 24
$0.19
$0.19
Q2 24
$0.62
$0.07
Q1 24
$0.32
$-0.02

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$201.9M
$362.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$1.3B
Total Assets
$19.4B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
VCYT
VCYT
Q4 25
$201.9M
$362.6M
Q3 25
$184.8M
$315.6M
Q2 25
$211.0M
$219.5M
Q1 25
$203.3M
$186.1M
Q4 24
$192.4M
$239.1M
Q3 24
$217.7M
$274.1M
Q2 24
$198.5M
$235.9M
Q1 24
$187.5M
$209.2M
Stockholders' Equity
EFC
EFC
VCYT
VCYT
Q4 25
$1.8B
$1.3B
Q3 25
$1.8B
$1.3B
Q2 25
$1.7B
$1.2B
Q1 25
$1.6B
$1.2B
Q4 24
$1.6B
$1.2B
Q3 24
$1.6B
$1.2B
Q2 24
$1.6B
$1.1B
Q1 24
$1.5B
$1.1B
Total Assets
EFC
EFC
VCYT
VCYT
Q4 25
$19.4B
$1.4B
Q3 25
$17.8B
$1.4B
Q2 25
$17.1B
$1.3B
Q1 25
$16.6B
$1.3B
Q4 24
$16.3B
$1.3B
Q3 24
$16.0B
$1.3B
Q2 24
$15.1B
$1.2B
Q1 24
$15.1B
$1.2B

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
VCYT
VCYT
Operating Cash FlowLast quarter
$-925.5M
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
0.0%
2.7%
Cash ConversionOCF / Net Profit
-40.92×
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
VCYT
VCYT
Q4 25
$-925.5M
$52.6M
Q3 25
$-290.4M
$44.8M
Q2 25
$-210.5M
$33.6M
Q1 25
$-126.4M
$5.4M
Q4 24
$-430.5M
$24.5M
Q3 24
$-141.7M
$30.0M
Q2 24
$-88.6M
$29.6M
Q1 24
$-59.5M
$-9.0M
Free Cash Flow
EFC
EFC
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
Q1 24
$-11.1M
FCF Margin
EFC
EFC
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Q1 24
-11.5%
Capex Intensity
EFC
EFC
VCYT
VCYT
Q4 25
0.0%
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
0.0%
3.5%
Q3 24
0.0%
1.9%
Q2 24
0.0%
2.4%
Q1 24
0.0%
2.2%
Cash Conversion
EFC
EFC
VCYT
VCYT
Q4 25
-40.92×
1.28×
Q3 25
-9.84×
2.34×
Q2 25
-4.90×
Q1 25
-3.99×
0.76×
Q4 24
-14.04×
4.80×
Q3 24
-8.76×
1.98×
Q2 24
-1.69×
5.16×
Q1 24
-2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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