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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $55.5M, roughly 1.0× MFA FINANCIAL, INC.). On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 9.2%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

MFA vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.0× larger
RYTM
$57.3M
$55.5M
MFA
Growing faster (revenue YoY)
RYTM
RYTM
+27.7% gap
RYTM
36.9%
9.2%
MFA
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
7.7%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
RYTM
RYTM
Revenue
$55.5M
$57.3M
Net Profit
$-47.5M
Gross Margin
91.6%
Operating Margin
97.9%
-82.2%
Net Margin
-83.0%
Revenue YoY
9.2%
36.9%
Net Profit YoY
-9.6%
EPS (diluted)
$0.43
$-0.73

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
RYTM
RYTM
Q4 25
$55.5M
$57.3M
Q3 25
$56.8M
$51.3M
Q2 25
$61.3M
$48.5M
Q1 25
$57.5M
$32.7M
Q4 24
$50.8M
$41.8M
Q3 24
$50.6M
$33.3M
Q2 24
$53.5M
$29.1M
Q1 24
$47.8M
$26.0M
Net Profit
MFA
MFA
RYTM
RYTM
Q4 25
$-47.5M
Q3 25
$48.1M
$-52.9M
Q2 25
$33.2M
$-46.6M
Q1 25
$41.2M
$-49.5M
Q4 24
$-43.3M
Q3 24
$48.2M
$-43.6M
Q2 24
$41.9M
$-32.3M
Q1 24
$23.2M
$-141.4M
Gross Margin
MFA
MFA
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
MFA
MFA
RYTM
RYTM
Q4 25
97.9%
-82.2%
Q3 25
84.5%
-102.6%
Q2 25
54.5%
-93.4%
Q1 25
70.0%
-143.7%
Q4 24
6.8%
-98.6%
Q3 24
98.2%
-132.0%
Q2 24
79.1%
-139.2%
Q1 24
50.7%
-538.7%
Net Margin
MFA
MFA
RYTM
RYTM
Q4 25
-83.0%
Q3 25
84.7%
-103.1%
Q2 25
54.2%
-96.1%
Q1 25
71.6%
-151.4%
Q4 24
-103.6%
Q3 24
95.2%
-131.2%
Q2 24
78.4%
-110.9%
Q1 24
48.5%
-544.4%
EPS (diluted)
MFA
MFA
RYTM
RYTM
Q4 25
$0.43
$-0.73
Q3 25
$0.35
$-0.82
Q2 25
$0.21
$-0.75
Q1 25
$0.31
$-0.81
Q4 24
$-0.01
$-0.71
Q3 24
$0.37
$-0.73
Q2 24
$0.32
$-0.55
Q1 24
$0.14
$-2.35

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$213.2M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$139.1M
Total Assets
$13.0B
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
RYTM
RYTM
Q4 25
$213.2M
$388.9M
Q3 25
$305.2M
$416.1M
Q2 25
$275.7M
$291.0M
Q1 25
$253.7M
$314.5M
Q4 24
$338.9M
$320.6M
Q3 24
$305.6M
$298.4M
Q2 24
$289.4M
$319.1M
Q1 24
$306.3M
$201.2M
Stockholders' Equity
MFA
MFA
RYTM
RYTM
Q4 25
$1.8B
$139.1M
Q3 25
$1.8B
$148.8M
Q2 25
$1.8B
$-11.9M
Q1 25
$1.8B
$18.9M
Q4 24
$1.8B
$21.7M
Q3 24
$1.9B
$11.2M
Q2 24
$1.9B
$39.3M
Q1 24
$1.9B
$61.6M
Total Assets
MFA
MFA
RYTM
RYTM
Q4 25
$13.0B
$480.2M
Q3 25
$12.1B
$506.9M
Q2 25
$11.7B
$372.7M
Q1 25
$11.5B
$386.7M
Q4 24
$11.4B
$392.3M
Q3 24
$11.2B
$363.6M
Q2 24
$11.1B
$381.8M
Q1 24
$10.9B
$258.7M

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
RYTM
RYTM
Operating Cash FlowLast quarter
$76.2M
$-25.4M
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
RYTM
RYTM
Q4 25
$76.2M
$-25.4M
Q3 25
$14.7M
$-26.6M
Q2 25
$38.5M
$-23.3M
Q1 25
$-14.6M
$-40.4M
Q4 24
$200.1M
$-18.8M
Q3 24
$-11.3M
$-25.2M
Q2 24
$46.5M
$-29.1M
Q1 24
$53.5M
$-40.7M
Cash Conversion
MFA
MFA
RYTM
RYTM
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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