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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $50.3M, roughly 1.1× READING INTERNATIONAL INC). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -14.2%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
MFA vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $50.3M |
| Net Profit | — | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 97.9% | -1.9% |
| Net Margin | — | -5.1% |
| Revenue YoY | 9.2% | -14.2% |
| Net Profit YoY | — | -14.5% |
| EPS (diluted) | $0.43 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $56.8M | $52.2M | ||
| Q2 25 | $61.3M | $60.4M | ||
| Q1 25 | $57.5M | $40.2M | ||
| Q4 24 | $50.8M | $58.6M | ||
| Q3 24 | $50.6M | $60.1M | ||
| Q2 24 | $53.5M | $46.8M | ||
| Q1 24 | $47.8M | $45.1M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $48.1M | $-4.2M | ||
| Q2 25 | $33.2M | $-2.7M | ||
| Q1 25 | $41.2M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $48.2M | $-7.0M | ||
| Q2 24 | $41.9M | $-12.8M | ||
| Q1 24 | $23.2M | $-13.2M |
| Q4 25 | 97.9% | -1.9% | ||
| Q3 25 | 84.5% | -0.6% | ||
| Q2 25 | 54.5% | 4.8% | ||
| Q1 25 | 70.0% | -17.2% | ||
| Q4 24 | 6.8% | 2.6% | ||
| Q3 24 | 98.2% | -0.6% | ||
| Q2 24 | 79.1% | -16.4% | ||
| Q1 24 | 50.7% | -16.7% |
| Q4 25 | — | -5.1% | ||
| Q3 25 | 84.7% | -8.0% | ||
| Q2 25 | 54.2% | -4.4% | ||
| Q1 25 | 71.6% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | 95.2% | -11.7% | ||
| Q2 24 | 78.4% | -27.4% | ||
| Q1 24 | 48.5% | -29.4% |
| Q4 25 | $0.43 | $-0.11 | ||
| Q3 25 | $0.35 | $-0.18 | ||
| Q2 25 | $0.21 | $-0.12 | ||
| Q1 25 | $0.31 | $-0.21 | ||
| Q4 24 | $-0.01 | $-0.11 | ||
| Q3 24 | $0.37 | $-0.31 | ||
| Q2 24 | $0.32 | $-0.57 | ||
| Q1 24 | $0.14 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $1.8B | $-18.2M |
| Total Assets | $13.0B | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $213.2M | $10.5M | ||
| Q3 25 | $305.2M | $8.1M | ||
| Q2 25 | $275.7M | $9.1M | ||
| Q1 25 | $253.7M | $5.9M | ||
| Q4 24 | $338.9M | $12.4M | ||
| Q3 24 | $305.6M | $10.1M | ||
| Q2 24 | $289.4M | $9.3M | ||
| Q1 24 | $306.3M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $-18.2M | ||
| Q3 25 | $1.8B | $-12.1M | ||
| Q2 25 | $1.8B | $-7.7M | ||
| Q1 25 | $1.8B | $-8.1M | ||
| Q4 24 | $1.8B | $-4.4M | ||
| Q3 24 | $1.9B | $1.6M | ||
| Q2 24 | $1.9B | $6.5M | ||
| Q1 24 | $1.9B | $18.0M |
| Q4 25 | $13.0B | $434.9M | ||
| Q3 25 | $12.1B | $435.2M | ||
| Q2 25 | $11.7B | $438.1M | ||
| Q1 25 | $11.5B | $441.0M | ||
| Q4 24 | $11.4B | $471.0M | ||
| Q3 24 | $11.2B | $495.7M | ||
| Q2 24 | $11.1B | $494.9M | ||
| Q1 24 | $10.9B | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $4.3M | ||
| Q3 25 | $14.7M | $295.0K | ||
| Q2 25 | $38.5M | $1.6M | ||
| Q1 25 | $-14.6M | $-7.7M | ||
| Q4 24 | $200.1M | $8.0M | ||
| Q3 24 | $-11.3M | $1.3M | ||
| Q2 24 | $46.5M | $-10.4M | ||
| Q1 24 | $53.5M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
| 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.
Revenue Breakdown by Segment
MFA
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
