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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and PRIMEENERGY RESOURCES CORP (PNRG). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $51.0M, roughly 1.1× PRIMEENERGY RESOURCES CORP). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -15.7%). Over the past eight quarters, PRIMEENERGY RESOURCES CORP's revenue compounded faster (9.0% 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.

PrimeEnergy Resources Corp is an independent energy firm focused on the exploration, development, and production of oil and natural gas. It primarily operates across onshore resource basins in the United States, serving regional energy markets to meet industrial and consumer demand for reliable energy supplies.

MFA vs PNRG — Head-to-Head

Bigger by revenue
MFA
MFA
1.1× larger
MFA
$55.5M
$51.0M
PNRG
Growing faster (revenue YoY)
MFA
MFA
+24.9% gap
MFA
9.2%
-15.7%
PNRG
Faster 2-yr revenue CAGR
PNRG
PNRG
Annualised
PNRG
9.0%
7.7%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
PNRG
PNRG
Revenue
$55.5M
$51.0M
Net Profit
$3.4M
Gross Margin
97.9%
Operating Margin
97.9%
3.2%
Net Margin
6.6%
Revenue YoY
9.2%
-15.7%
Net Profit YoY
48.7%
EPS (diluted)
$0.43
$1.43

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
PNRG
PNRG
Q4 25
$55.5M
$51.0M
Q3 25
$56.8M
$46.0M
Q2 25
$61.3M
$42.0M
Q1 25
$57.5M
$50.1M
Q4 24
$50.8M
$60.5M
Q3 24
$50.6M
$69.5M
Q2 24
$53.5M
$64.8M
Q1 24
$47.8M
$43.0M
Net Profit
MFA
MFA
PNRG
PNRG
Q4 25
$3.4M
Q3 25
$48.1M
$10.6M
Q2 25
$33.2M
$3.2M
Q1 25
$41.2M
$9.1M
Q4 24
$2.3M
Q3 24
$48.2M
$22.1M
Q2 24
$41.9M
$19.7M
Q1 24
$23.2M
$11.3M
Gross Margin
MFA
MFA
PNRG
PNRG
Q4 25
97.9%
Q3 25
95.6%
Q2 25
97.1%
Q1 25
96.3%
Q4 24
98.8%
Q3 24
95.5%
Q2 24
96.2%
Q1 24
93.5%
Operating Margin
MFA
MFA
PNRG
PNRG
Q4 25
97.9%
3.2%
Q3 25
84.5%
28.9%
Q2 25
54.5%
10.0%
Q1 25
70.0%
22.7%
Q4 24
6.8%
6.8%
Q3 24
98.2%
40.4%
Q2 24
79.1%
38.1%
Q1 24
50.7%
33.4%
Net Margin
MFA
MFA
PNRG
PNRG
Q4 25
6.6%
Q3 25
84.7%
23.0%
Q2 25
54.2%
7.7%
Q1 25
71.6%
18.2%
Q4 24
3.8%
Q3 24
95.2%
31.8%
Q2 24
78.4%
30.4%
Q1 24
48.5%
26.3%
EPS (diluted)
MFA
MFA
PNRG
PNRG
Q4 25
$0.43
$1.43
Q3 25
$0.35
$4.38
Q2 25
$0.21
$1.33
Q1 25
$0.31
$3.72
Q4 24
$-0.01
$0.97
Q3 24
$0.37
$8.80
Q2 24
$0.32
$7.77
Q1 24
$0.14
$4.41

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
PNRG
PNRG
Cash + ST InvestmentsLiquidity on hand
$213.2M
$7.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$215.7M
Total Assets
$13.0B
$323.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
PNRG
PNRG
Q4 25
$213.2M
$7.4M
Q3 25
$305.2M
$3.7M
Q2 25
$275.7M
$2.4M
Q1 25
$253.7M
$2.1M
Q4 24
$338.9M
$2.5M
Q3 24
$305.6M
$1.6M
Q2 24
$289.4M
$2.0M
Q1 24
$306.3M
$1.8M
Stockholders' Equity
MFA
MFA
PNRG
PNRG
Q4 25
$1.8B
$215.7M
Q3 25
$1.8B
$213.8M
Q2 25
$1.8B
$205.2M
Q1 25
$1.8B
$205.0M
Q4 24
$1.8B
$202.9M
Q3 24
$1.9B
$203.8M
Q2 24
$1.9B
$186.3M
Q1 24
$1.9B
$169.4M
Total Assets
MFA
MFA
PNRG
PNRG
Q4 25
$13.0B
$323.9M
Q3 25
$12.1B
$332.0M
Q2 25
$11.7B
$343.0M
Q1 25
$11.5B
$339.3M
Q4 24
$11.4B
$324.6M
Q3 24
$11.2B
$345.6M
Q2 24
$11.1B
$334.8M
Q1 24
$10.9B
$332.9M

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
PNRG
PNRG
Operating Cash FlowLast quarter
$76.2M
$12.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.60×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
PNRG
PNRG
Q4 25
$76.2M
$12.2M
Q3 25
$14.7M
$54.7M
Q2 25
$38.5M
$-8.3M
Q1 25
$-14.6M
$38.2M
Q4 24
$200.1M
$23.9M
Q3 24
$-11.3M
$50.8M
Q2 24
$46.5M
$-1.9M
Q1 24
$53.5M
$43.2M
Cash Conversion
MFA
MFA
PNRG
PNRG
Q4 25
3.60×
Q3 25
0.31×
5.18×
Q2 25
1.16×
-2.58×
Q1 25
-0.35×
4.18×
Q4 24
10.50×
Q3 24
-0.23×
2.30×
Q2 24
1.11×
-0.10×
Q1 24
2.30×
3.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MFA
MFA

Segment breakdown not available.

PNRG
PNRG

Oil Sales$43.1M84%
Natural Gas Liquid$5.5M11%
Oil And Gas Service$2.0M4%

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