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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $48.6M, roughly 1.1× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 9.2%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% CAGR vs 7.7%).
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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
MFA vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $48.6M |
| Net Profit | — | $4.0M |
| Gross Margin | — | 42.9% |
| Operating Margin | 97.9% | 17.6% |
| Net Margin | — | 8.2% |
| Revenue YoY | 9.2% | 48.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.43 | $0.06 |
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.
| Q1 26 | — | $48.6M | ||
| Q4 25 | $55.5M | $62.2M | ||
| Q3 25 | $56.8M | $39.5M | ||
| Q2 25 | $61.3M | $35.0M | ||
| Q1 25 | $57.5M | $32.6M | ||
| Q4 24 | $50.8M | $30.1M | ||
| Q3 24 | $50.6M | $28.1M | ||
| Q2 24 | $53.5M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $48.1M | $-21.7M | ||
| Q2 25 | $33.2M | $-20.6M | ||
| Q1 25 | $41.2M | $-22.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $48.2M | $-25.6M | ||
| Q2 24 | $41.9M | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | 97.9% | 1.5% | ||
| Q3 25 | 84.5% | -61.4% | ||
| Q2 25 | 54.5% | -76.5% | ||
| Q1 25 | 70.0% | -73.0% | ||
| Q4 24 | 6.8% | -85.1% | ||
| Q3 24 | 98.2% | -98.0% | ||
| Q2 24 | 79.1% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | 84.7% | -55.0% | ||
| Q2 25 | 54.2% | -58.8% | ||
| Q1 25 | 71.6% | -67.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 95.2% | -91.1% | ||
| Q2 24 | 78.4% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $0.43 | $0.10 | ||
| Q3 25 | $0.35 | $-0.37 | ||
| Q2 25 | $0.21 | $-0.38 | ||
| Q1 25 | $0.31 | $-0.42 | ||
| Q4 24 | $-0.01 | $-0.46 | ||
| Q3 24 | $0.37 | $-0.54 | ||
| Q2 24 | $0.32 | $-0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $213.2M | $173.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $275.6M |
| Total Assets | $13.0B | $381.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $213.2M | $208.6M | ||
| Q3 25 | $305.2M | $244.5M | ||
| Q2 25 | $275.7M | $226.5M | ||
| Q1 25 | $253.7M | $168.2M | ||
| Q4 24 | $338.9M | $172.0M | ||
| Q3 24 | $305.6M | $151.4M | ||
| Q2 24 | $289.4M | $184.2M |
| Q1 26 | — | $275.6M | ||
| Q4 25 | $1.8B | $261.7M | ||
| Q3 25 | $1.8B | $247.4M | ||
| Q2 25 | $1.8B | $221.0M | ||
| Q1 25 | $1.8B | $167.9M | ||
| Q4 24 | $1.8B | $180.9M | ||
| Q3 24 | $1.9B | $171.7M | ||
| Q2 24 | $1.9B | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | $13.0B | $349.5M | ||
| Q3 25 | $12.1B | $353.8M | ||
| Q2 25 | $11.7B | $321.8M | ||
| Q1 25 | $11.5B | $268.6M | ||
| Q4 24 | $11.4B | $276.1M | ||
| Q3 24 | $11.2B | $255.2M | ||
| Q2 24 | $11.1B | $309.9M |
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 | $76.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.2M | $-15.4M | ||
| Q3 25 | $14.7M | $-18.3M | ||
| Q2 25 | $38.5M | $-1.3M | ||
| Q1 25 | $-14.6M | $-4.9M | ||
| Q4 24 | $200.1M | $-2.6M | ||
| Q3 24 | $-11.3M | $-3.8M | ||
| Q2 24 | $46.5M | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.23× | — | ||
| Q2 24 | 1.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MFA
Segment breakdown not available.
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
