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

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $58.6M, roughly 1.3× Vitesse Energy, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -1.3%, a 30.2% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 4.8%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -2.1%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

EFC vs VTS — Head-to-Head

Bigger by revenue
EFC
EFC
1.3× larger
EFC
$78.2M
$58.6M
VTS
Growing faster (revenue YoY)
EFC
EFC
+3.9% gap
EFC
8.7%
4.8%
VTS
Higher net margin
EFC
EFC
30.2% more per $
EFC
28.9%
-1.3%
VTS
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-2.1%
VTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
VTS
VTS
Revenue
$78.2M
$58.6M
Net Profit
$22.6M
$-739.0K
Gross Margin
Operating Margin
7.4%
-12.0%
Net Margin
28.9%
-1.3%
Revenue YoY
8.7%
4.8%
Net Profit YoY
-26.2%
85.6%
EPS (diluted)
$0.10
$-0.01

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
VTS
VTS
Q4 25
$78.2M
$58.6M
Q3 25
$82.8M
$67.4M
Q2 25
$92.5M
$81.8M
Q1 25
$82.9M
$66.2M
Q4 24
$72.0M
$55.9M
Q3 24
$67.0M
$58.3M
Q2 24
$91.2M
$66.6M
Q1 24
$75.5M
$61.2M
Net Profit
EFC
EFC
VTS
VTS
Q4 25
$22.6M
$-739.0K
Q3 25
$29.5M
$-1.3M
Q2 25
$42.9M
$24.7M
Q1 25
$31.6M
$2.7M
Q4 24
$30.7M
$-5.1M
Q3 24
$16.2M
$17.4M
Q2 24
$52.3M
$10.9M
Q1 24
$26.9M
$-2.2M
Operating Margin
EFC
EFC
VTS
VTS
Q4 25
7.4%
-12.0%
Q3 25
31.1%
0.2%
Q2 25
38.3%
22.8%
Q1 25
37.3%
8.1%
Q4 24
28.0%
3.7%
Q3 24
24.0%
15.4%
Q2 24
52.8%
25.2%
Q1 24
42.2%
21.4%
Net Margin
EFC
EFC
VTS
VTS
Q4 25
28.9%
-1.3%
Q3 25
35.7%
-1.9%
Q2 25
46.4%
30.2%
Q1 25
38.2%
4.0%
Q4 24
42.6%
-9.2%
Q3 24
24.1%
29.9%
Q2 24
57.4%
16.4%
Q1 24
35.6%
-3.6%
EPS (diluted)
EFC
EFC
VTS
VTS
Q4 25
$0.10
$-0.01
Q3 25
$0.29
$-0.03
Q2 25
$0.45
$0.60
Q1 25
$0.35
$0.08
Q4 24
$0.23
$-0.15
Q3 24
$0.19
$0.53
Q2 24
$0.62
$0.33
Q1 24
$0.32
$-0.07

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$629.3M
Total Assets
$19.4B
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
VTS
VTS
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
Q1 25
$203.3M
$4.5M
Q4 24
$192.4M
$3.0M
Q3 24
$217.7M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
EFC
EFC
VTS
VTS
Q4 25
$1.8B
$629.3M
Q3 25
$1.8B
$650.3M
Q2 25
$1.7B
$671.9M
Q1 25
$1.6B
$667.7M
Q4 24
$1.6B
$500.3M
Q3 24
$1.6B
$520.4M
Q2 24
$1.6B
$518.5M
Q1 24
$1.5B
$522.7M
Total Assets
EFC
EFC
VTS
VTS
Q4 25
$19.4B
$893.4M
Q3 25
$17.8B
$932.9M
Q2 25
$17.1B
$951.5M
Q1 25
$16.6B
$975.2M
Q4 24
$16.3B
$810.9M
Q3 24
$16.0B
$791.2M
Q2 24
$15.1B
$778.4M
Q1 24
$15.1B
$749.7M

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
VTS
VTS
Operating Cash FlowLast quarter
$-925.5M
$37.4M
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.

Operating Cash Flow
EFC
EFC
VTS
VTS
Q4 25
$-925.5M
$37.4M
Q3 25
$-290.4M
$49.4M
Q2 25
$-210.5M
$66.0M
Q1 25
$-126.4M
$17.5M
Q4 24
$-430.5M
$34.7M
Q3 24
$-141.7M
$45.7M
Q2 24
$-88.6M
$35.2M
Q1 24
$-59.5M
$39.4M
Capex Intensity
EFC
EFC
VTS
VTS
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
VTS
VTS
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
2.68×
Q1 25
-3.99×
6.56×
Q4 24
-14.04×
Q3 24
-8.76×
2.62×
Q2 24
-1.69×
3.22×
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.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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