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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $51.2M, roughly 1.1× Plymouth Industrial REIT, Inc.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -1.4%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs 0.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
MFA vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $51.2M |
| Net Profit | — | $-54.4M |
| Gross Margin | — | — |
| Operating Margin | 97.9% | -102.5% |
| Net Margin | — | -106.3% |
| Revenue YoY | 9.2% | -1.4% |
| Net Profit YoY | — | -248.5% |
| EPS (diluted) | $0.43 | $-1.23 |
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.
| Q4 25 | $55.5M | — | ||
| Q3 25 | $56.8M | $51.2M | ||
| Q2 25 | $61.3M | $47.2M | ||
| Q1 25 | $57.5M | $45.6M | ||
| Q4 24 | $50.8M | $47.6M | ||
| Q3 24 | $50.6M | $51.9M | ||
| Q2 24 | $53.5M | $48.7M | ||
| Q1 24 | $47.8M | $50.2M |
| Q4 25 | — | — | ||
| Q3 25 | $48.1M | $-54.4M | ||
| Q2 25 | $33.2M | $-6.1M | ||
| Q1 25 | $41.2M | $5.8M | ||
| Q4 24 | — | $147.4M | ||
| Q3 24 | $48.2M | $-15.6M | ||
| Q2 24 | $41.9M | $1.3M | ||
| Q1 24 | $23.2M | $6.2M |
| Q4 25 | 97.9% | — | ||
| Q3 25 | 84.5% | -102.5% | ||
| Q2 25 | 54.5% | -10.3% | ||
| Q1 25 | 70.0% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 98.2% | -29.6% | ||
| Q2 24 | 79.1% | 2.7% | ||
| Q1 24 | 50.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | 84.7% | -106.3% | ||
| Q2 25 | 54.2% | -12.9% | ||
| Q1 25 | 71.6% | 12.8% | ||
| Q4 24 | — | 309.9% | ||
| Q3 24 | 95.2% | -30.1% | ||
| Q2 24 | 78.4% | 2.7% | ||
| Q1 24 | 48.5% | 12.4% |
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.35 | $-1.23 | ||
| Q2 25 | $0.21 | $-0.14 | ||
| Q1 25 | $0.31 | $0.13 | ||
| Q4 24 | $-0.01 | $3.24 | ||
| Q3 24 | $0.37 | $-0.35 | ||
| Q2 24 | $0.32 | $0.03 | ||
| Q1 24 | $0.14 | $0.14 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $470.1M |
| Total Assets | $13.0B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $213.2M | — | ||
| Q3 25 | $305.2M | — | ||
| Q2 25 | $275.7M | — | ||
| Q1 25 | $253.7M | — | ||
| Q4 24 | $338.9M | — | ||
| Q3 24 | $305.6M | — | ||
| Q2 24 | $289.4M | — | ||
| Q1 24 | $306.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $470.1M | ||
| Q2 25 | $1.8B | $539.6M | ||
| Q1 25 | $1.8B | $571.0M | ||
| Q4 24 | $1.8B | $579.5M | ||
| Q3 24 | $1.9B | $436.5M | ||
| Q2 24 | $1.9B | $475.2M | ||
| Q1 24 | $1.9B | $484.6M |
| Q4 25 | $13.0B | — | ||
| Q3 25 | $12.1B | $1.6B | ||
| Q2 25 | $11.7B | $1.6B | ||
| Q1 25 | $11.5B | $1.4B | ||
| Q4 24 | $11.4B | $1.4B | ||
| Q3 24 | $11.2B | $1.5B | ||
| Q2 24 | $11.1B | $1.4B | ||
| Q1 24 | $10.9B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $20.0M |
| 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.
| Q4 25 | $76.2M | — | ||
| Q3 25 | $14.7M | $20.0M | ||
| Q2 25 | $38.5M | $23.4M | ||
| Q1 25 | $-14.6M | $15.6M | ||
| Q4 24 | $200.1M | $96.1M | ||
| Q3 24 | $-11.3M | $17.6M | ||
| Q2 24 | $46.5M | $19.9M | ||
| Q1 24 | $53.5M | $16.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | -0.35× | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | -0.23× | — | ||
| Q2 24 | 1.11× | 15.12× | ||
| Q1 24 | 2.30× | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
