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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $55.5M, roughly 1.4× MFA FINANCIAL, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 9.2%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

MFA vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.4× larger
PBYI
$75.5M
$55.5M
MFA
Growing faster (revenue YoY)
PBYI
PBYI
+18.5% gap
PBYI
27.7%
9.2%
MFA
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
7.7%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
PBYI
PBYI
Revenue
$55.5M
$75.5M
Net Profit
Gross Margin
69.3%
Operating Margin
97.9%
22.7%
Net Margin
Revenue YoY
9.2%
27.7%
Net Profit YoY
EPS (diluted)
$0.43
$0.26

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
PBYI
PBYI
Q4 25
$55.5M
$75.5M
Q3 25
$56.8M
$54.5M
Q2 25
$61.3M
$52.4M
Q1 25
$57.5M
$46.0M
Q4 24
$50.8M
$59.1M
Q3 24
$50.6M
$80.5M
Q2 24
$53.5M
$47.1M
Q1 24
$47.8M
$43.8M
Net Profit
MFA
MFA
PBYI
PBYI
Q4 25
Q3 25
$48.1M
$8.8M
Q2 25
$33.2M
$5.9M
Q1 25
$41.2M
$3.0M
Q4 24
Q3 24
$48.2M
$20.3M
Q2 24
$41.9M
$-4.5M
Q1 24
$23.2M
$-4.8M
Gross Margin
MFA
MFA
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
MFA
MFA
PBYI
PBYI
Q4 25
97.9%
22.7%
Q3 25
84.5%
17.6%
Q2 25
54.5%
12.7%
Q1 25
70.0%
8.7%
Q4 24
6.8%
22.6%
Q3 24
98.2%
27.4%
Q2 24
79.1%
-4.6%
Q1 24
50.7%
-5.3%
Net Margin
MFA
MFA
PBYI
PBYI
Q4 25
Q3 25
84.7%
16.2%
Q2 25
54.2%
11.2%
Q1 25
71.6%
6.5%
Q4 24
Q3 24
95.2%
25.2%
Q2 24
78.4%
-9.6%
Q1 24
48.5%
-11.0%
EPS (diluted)
MFA
MFA
PBYI
PBYI
Q4 25
$0.43
$0.26
Q3 25
$0.35
$0.17
Q2 25
$0.21
$0.12
Q1 25
$0.31
$0.06
Q4 24
$-0.01
$0.40
Q3 24
$0.37
$0.41
Q2 24
$0.32
$-0.09
Q1 24
$0.14
$-0.10

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$213.2M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$1.8B
$130.3M
Total Assets
$13.0B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
PBYI
PBYI
Q4 25
$213.2M
$97.5M
Q3 25
$305.2M
$94.4M
Q2 25
$275.7M
$96.0M
Q1 25
$253.7M
$93.2M
Q4 24
$338.9M
$101.0M
Q3 24
$305.6M
$96.7M
Q2 24
$289.4M
$96.8M
Q1 24
$306.3M
$107.2M
Total Debt
MFA
MFA
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
MFA
MFA
PBYI
PBYI
Q4 25
$1.8B
$130.3M
Q3 25
$1.8B
$115.3M
Q2 25
$1.8B
$104.7M
Q1 25
$1.8B
$97.1M
Q4 24
$1.8B
$92.1M
Q3 24
$1.9B
$71.1M
Q2 24
$1.9B
$48.5M
Q1 24
$1.9B
$51.0M
Total Assets
MFA
MFA
PBYI
PBYI
Q4 25
$13.0B
$216.3M
Q3 25
$12.1B
$202.9M
Q2 25
$11.7B
$194.9M
Q1 25
$11.5B
$196.2M
Q4 24
$11.4B
$213.3M
Q3 24
$11.2B
$220.7M
Q2 24
$11.1B
$205.0M
Q1 24
$10.9B
$214.1M
Debt / Equity
MFA
MFA
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$76.2M
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
PBYI
PBYI
Q4 25
$76.2M
$14.4M
Q3 25
$14.7M
$9.7M
Q2 25
$38.5M
$14.1M
Q1 25
$-14.6M
$3.6M
Q4 24
$200.1M
$15.6M
Q3 24
$-11.3M
$11.0M
Q2 24
$46.5M
$1.0M
Q1 24
$53.5M
$11.2M
Free Cash Flow
MFA
MFA
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
MFA
MFA
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
MFA
MFA
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
MFA
MFA
PBYI
PBYI
Q4 25
Q3 25
0.31×
1.10×
Q2 25
1.16×
2.41×
Q1 25
-0.35×
1.21×
Q4 24
Q3 24
-0.23×
0.54×
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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