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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and NATURAL GAS SERVICES GROUP INC (NGS). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $46.1M, roughly 1.2× NATURAL GAS SERVICES GROUP INC). On growth, NATURAL GAS SERVICES GROUP INC posted the faster year-over-year revenue change (13.5% vs 9.2%).

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

Southern Company Gas, formerly AGL Resources, is an American Fortune 500 energy services holding company headquartered in Atlanta, Georgia. The company's operations consist of natural gas distribution, wholesale services, retail operations, and midstream operations. Southern Company Gas is one of the largest natural gas distribution companies in the United States. The company serves approximately 4.5 million utility customers through its regulated distribution subsidiaries across four states....

MFA vs NGS — Head-to-Head

Bigger by revenue
MFA
MFA
1.2× larger
MFA
$55.5M
$46.1M
NGS
Growing faster (revenue YoY)
NGS
NGS
+4.3% gap
NGS
13.5%
9.2%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
NGS
NGS
Revenue
$55.5M
$46.1M
Net Profit
$4.1M
Gross Margin
Operating Margin
97.9%
15.4%
Net Margin
8.9%
Revenue YoY
9.2%
13.5%
Net Profit YoY
43.2%
EPS (diluted)
$0.43
$0.32

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
MFA
MFA
NGS
NGS
Q4 25
$55.5M
$46.1M
Q3 25
$56.8M
$43.4M
Q2 25
$61.3M
$41.4M
Q1 25
$57.5M
$41.4M
Q4 24
$50.8M
$40.7M
Q3 24
$50.6M
Q2 24
$53.5M
Q1 24
$47.8M
Net Profit
MFA
MFA
NGS
NGS
Q4 25
$4.1M
Q3 25
$48.1M
$5.8M
Q2 25
$33.2M
$5.2M
Q1 25
$41.2M
$4.9M
Q4 24
$2.9M
Q3 24
$48.2M
Q2 24
$41.9M
Q1 24
$23.2M
Operating Margin
MFA
MFA
NGS
NGS
Q4 25
97.9%
15.4%
Q3 25
84.5%
24.8%
Q2 25
54.5%
24.0%
Q1 25
70.0%
23.0%
Q4 24
6.8%
14.9%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
NGS
NGS
Q4 25
8.9%
Q3 25
84.7%
13.3%
Q2 25
54.2%
12.5%
Q1 25
71.6%
11.7%
Q4 24
7.0%
Q3 24
95.2%
Q2 24
78.4%
Q1 24
48.5%
EPS (diluted)
MFA
MFA
NGS
NGS
Q4 25
$0.43
$0.32
Q3 25
$0.35
$0.46
Q2 25
$0.21
$0.41
Q1 25
$0.31
$0.38
Q4 24
$-0.01
$0.22
Q3 24
$0.37
Q2 24
$0.32
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
NGS
NGS
Cash + ST InvestmentsLiquidity on hand
$213.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$274.7M
Total Assets
$13.0B
$586.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
NGS
NGS
Q4 25
$213.2M
Q3 25
$305.2M
Q2 25
$275.7M
$325.0K
Q1 25
$253.7M
$2.1M
Q4 24
$338.9M
$2.1M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Stockholders' Equity
MFA
MFA
NGS
NGS
Q4 25
$1.8B
$274.7M
Q3 25
$1.8B
$271.4M
Q2 25
$1.8B
$266.2M
Q1 25
$1.8B
$260.3M
Q4 24
$1.8B
$255.1M
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
MFA
MFA
NGS
NGS
Q4 25
$13.0B
$586.8M
Q3 25
$12.1B
$562.3M
Q2 25
$11.7B
$525.5M
Q1 25
$11.5B
$501.7M
Q4 24
$11.4B
$492.5M
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$10.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MFA
MFA
NGS
NGS
Operating Cash FlowLast quarter
$76.2M
$13.9M
Free Cash FlowOCF − Capex
$-20.7M
FCF MarginFCF / Revenue
-44.8%
Capex IntensityCapex / Revenue
74.9%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-58.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
NGS
NGS
Q4 25
$76.2M
$13.9M
Q3 25
$14.7M
$16.8M
Q2 25
$38.5M
$11.0M
Q1 25
$-14.6M
$21.3M
Q4 24
$200.1M
$9.4M
Q3 24
$-11.3M
Q2 24
$46.5M
Q1 24
$53.5M
Free Cash Flow
MFA
MFA
NGS
NGS
Q4 25
$-20.7M
Q3 25
$-25.1M
Q2 25
$-14.8M
Q1 25
$2.0M
Q4 24
$-5.1M
Q3 24
Q2 24
Q1 24
FCF Margin
MFA
MFA
NGS
NGS
Q4 25
-44.8%
Q3 25
-57.7%
Q2 25
-35.8%
Q1 25
4.9%
Q4 24
-12.6%
Q3 24
Q2 24
Q1 24
Capex Intensity
MFA
MFA
NGS
NGS
Q4 25
74.9%
Q3 25
96.5%
Q2 25
62.4%
Q1 25
46.5%
Q4 24
35.8%
Q3 24
Q2 24
Q1 24
Cash Conversion
MFA
MFA
NGS
NGS
Q4 25
3.38×
Q3 25
0.31×
2.90×
Q2 25
1.16×
2.12×
Q1 25
-0.35×
4.38×
Q4 24
3.29×
Q3 24
-0.23×
Q2 24
1.11×
Q1 24
2.30×

Financial Flow Comparison

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

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