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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $49.0M, roughly 1.1× Quipt Home Medical Corp.). On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% 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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

MFA vs QIPT — Head-to-Head

Bigger by revenue
MFA
MFA
1.1× larger
MFA
$55.5M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+23.0% gap
QIPT
32.3%
9.2%
MFA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MFA
MFA
QIPT
QIPT
Revenue
$55.5M
$49.0M
Net Profit
$-1.1M
Gross Margin
53.5%
Operating Margin
97.9%
2.1%
Net Margin
-2.1%
Revenue YoY
9.2%
32.3%
Net Profit YoY
2.9%
EPS (diluted)
$0.43
$-0.02

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
QIPT
QIPT
Q4 25
$55.5M
$49.0M
Q3 25
$56.8M
$39.8M
Q2 25
$61.3M
$35.1M
Q1 25
$57.5M
$33.3M
Q4 24
$50.8M
$37.1M
Q3 24
$50.6M
Q2 24
$53.5M
Q1 24
$47.8M
Net Profit
MFA
MFA
QIPT
QIPT
Q4 25
$-1.1M
Q3 25
$48.1M
$-3.5M
Q2 25
$33.2M
$-3.0M
Q1 25
$41.2M
$-3.0M
Q4 24
$-1.1M
Q3 24
$48.2M
Q2 24
$41.9M
Q1 24
$23.2M
Gross Margin
MFA
MFA
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
MFA
MFA
QIPT
QIPT
Q4 25
97.9%
2.1%
Q3 25
84.5%
-3.6%
Q2 25
54.5%
-5.2%
Q1 25
70.0%
-3.0%
Q4 24
6.8%
1.2%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
QIPT
QIPT
Q4 25
-2.1%
Q3 25
84.7%
-8.9%
Q2 25
54.2%
-8.6%
Q1 25
71.6%
-9.1%
Q4 24
-2.9%
Q3 24
95.2%
Q2 24
78.4%
Q1 24
48.5%
EPS (diluted)
MFA
MFA
QIPT
QIPT
Q4 25
$0.43
$-0.02
Q3 25
$0.35
$-0.07
Q2 25
$0.21
$-0.07
Q1 25
$0.31
$-0.07
Q4 24
$-0.01
$-0.03
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
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$213.2M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$1.8B
$113.0M
Total Assets
$13.0B
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
QIPT
QIPT
Q4 25
$213.2M
$10.5M
Q3 25
$305.2M
$12.9M
Q2 25
$275.7M
$11.3M
Q1 25
$253.7M
$17.1M
Q4 24
$338.9M
$15.5M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Total Debt
MFA
MFA
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MFA
MFA
QIPT
QIPT
Q4 25
$1.8B
$113.0M
Q3 25
$1.8B
$112.1M
Q2 25
$1.8B
$102.5M
Q1 25
$1.8B
$103.6M
Q4 24
$1.8B
$106.3M
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
MFA
MFA
QIPT
QIPT
Q4 25
$13.0B
$280.7M
Q3 25
$12.1B
$283.3M
Q2 25
$11.7B
$236.1M
Q1 25
$11.5B
$244.6M
Q4 24
$11.4B
$242.8M
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$10.9B
Debt / Equity
MFA
MFA
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
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
MFA
MFA
QIPT
QIPT
Operating Cash FlowLast quarter
$76.2M
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
QIPT
QIPT
Q4 25
$76.2M
$8.9M
Q3 25
$14.7M
$9.8M
Q2 25
$38.5M
$9.7M
Q1 25
$-14.6M
$8.9M
Q4 24
$200.1M
$9.3M
Q3 24
$-11.3M
Q2 24
$46.5M
Q1 24
$53.5M
Free Cash Flow
MFA
MFA
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
Q2 24
Q1 24
FCF Margin
MFA
MFA
QIPT
QIPT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
MFA
MFA
QIPT
QIPT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
MFA
MFA
QIPT
QIPT
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
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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