vs

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

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $43.2M, roughly 1.3× ATRenew Inc.).

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

MFA vs RERE — Head-to-Head

Bigger by revenue
MFA
MFA
1.3× larger
MFA
$55.5M
$43.2M
RERE

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
MFA
MFA
RERE
RERE
Revenue
$55.5M
$43.2M
Net Profit
$7.3M
Gross Margin
Operating Margin
97.9%
Net Margin
16.9%
Revenue YoY
9.2%
Net Profit YoY
EPS (diluted)
$0.43

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
RERE
RERE
Q4 25
$55.5M
Q3 25
$56.8M
Q2 25
$61.3M
Q1 25
$57.5M
Q4 24
$50.8M
Q3 24
$50.6M
Q2 24
$53.5M
Q1 24
$47.8M
Net Profit
MFA
MFA
RERE
RERE
Q4 25
Q3 25
$48.1M
Q2 25
$33.2M
Q1 25
$41.2M
Q4 24
Q3 24
$48.2M
Q2 24
$41.9M
Q1 24
$23.2M
Operating Margin
MFA
MFA
RERE
RERE
Q4 25
97.9%
Q3 25
84.5%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
RERE
RERE
Q4 25
Q3 25
84.7%
Q2 25
54.2%
Q1 25
71.6%
Q4 24
Q3 24
95.2%
Q2 24
78.4%
Q1 24
48.5%
EPS (diluted)
MFA
MFA
RERE
RERE
Q4 25
$0.43
Q3 25
$0.35
Q2 25
$0.21
Q1 25
$0.31
Q4 24
$-0.01
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
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$213.2M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$557.1M
Total Assets
$13.0B
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
RERE
RERE
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
Stockholders' Equity
MFA
MFA
RERE
RERE
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
MFA
MFA
RERE
RERE
Q4 25
$13.0B
Q3 25
$12.1B
Q2 25
$11.7B
Q1 25
$11.5B
Q4 24
$11.4B
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$10.9B

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
RERE
RERE
Operating Cash FlowLast quarter
$76.2M
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.

Operating Cash Flow
MFA
MFA
RERE
RERE
Q4 25
$76.2M
Q3 25
$14.7M
Q2 25
$38.5M
Q1 25
$-14.6M
Q4 24
$200.1M
Q3 24
$-11.3M
Q2 24
$46.5M
Q1 24
$53.5M
Cash Conversion
MFA
MFA
RERE
RERE
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.

Related Comparisons