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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $39.6M, roughly 1.4× SBC Medical Group Holdings Inc). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -10.9%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -15.0%).
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.
SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.
MFA vs SBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $39.6M |
| Net Profit | — | $14.2M |
| Gross Margin | — | 73.1% |
| Operating Margin | 97.9% | 32.5% |
| Net Margin | — | 35.9% |
| Revenue YoY | 9.2% | -10.9% |
| Net Profit YoY | — | 117.2% |
| EPS (diluted) | $0.43 | $0.15 |
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 | $39.6M | ||
| Q3 25 | $56.8M | $43.4M | ||
| Q2 25 | $61.3M | $43.4M | ||
| Q1 25 | $57.5M | $47.3M | ||
| Q4 24 | $50.8M | $44.4M | ||
| Q3 24 | $50.6M | $53.1M | ||
| Q2 24 | $53.5M | $53.1M | ||
| Q1 24 | $47.8M | $54.8M |
| Q4 25 | — | $14.2M | ||
| Q3 25 | $48.1M | $12.8M | ||
| Q2 25 | $33.2M | $2.5M | ||
| Q1 25 | $41.2M | $21.5M | ||
| Q4 24 | — | $6.5M | ||
| Q3 24 | $48.2M | $2.8M | ||
| Q2 24 | $41.9M | $18.5M | ||
| Q1 24 | $23.2M | $18.8M |
| Q4 25 | — | 73.1% | ||
| Q3 25 | — | 70.6% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 79.7% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 81.5% | ||
| Q2 24 | — | 74.2% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 97.9% | 32.5% | ||
| Q3 25 | 84.5% | 36.6% | ||
| Q2 25 | 54.5% | 33.6% | ||
| Q1 25 | 70.0% | 51.1% | ||
| Q4 24 | 6.8% | 10.6% | ||
| Q3 24 | 98.2% | 26.1% | ||
| Q2 24 | 79.1% | 51.4% | ||
| Q1 24 | 50.7% | 44.6% |
| Q4 25 | — | 35.9% | ||
| Q3 25 | 84.7% | 29.6% | ||
| Q2 25 | 54.2% | 5.7% | ||
| Q1 25 | 71.6% | 45.4% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 95.2% | 5.3% | ||
| Q2 24 | 78.4% | 34.8% | ||
| Q1 24 | 48.5% | 34.2% |
| Q4 25 | $0.43 | $0.15 | ||
| Q3 25 | $0.35 | $0.12 | ||
| Q2 25 | $0.21 | $0.02 | ||
| Q1 25 | $0.31 | $0.21 | ||
| Q4 24 | $-0.01 | $0.05 | ||
| Q3 24 | $0.37 | $0.03 | ||
| Q2 24 | $0.32 | $0.20 | ||
| Q1 24 | $0.14 | $0.20 |
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 | $164.1M |
| Total DebtLower is stronger | — | $42.8M |
| Stockholders' EquityBook value | $1.8B | $248.3M |
| Total Assets | $13.0B | $380.4M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $213.2M | $164.1M | ||
| Q3 25 | $305.2M | $127.4M | ||
| Q2 25 | $275.7M | $152.7M | ||
| Q1 25 | $253.7M | $132.1M | ||
| Q4 24 | $338.9M | $125.0M | ||
| Q3 24 | $305.6M | $137.4M | ||
| Q2 24 | $289.4M | — | ||
| Q1 24 | $306.3M | — |
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $21.1M | ||
| Q2 25 | — | $7.1M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.6M | ||
| Q3 24 | — | $823.2K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $248.3M | ||
| Q3 25 | $1.8B | $248.0M | ||
| Q2 25 | $1.8B | $244.6M | ||
| Q1 25 | $1.8B | $226.4M | ||
| Q4 24 | $1.8B | $195.1M | ||
| Q3 24 | $1.9B | $205.0M | ||
| Q2 24 | $1.9B | $8.8M | ||
| Q1 24 | $1.9B | $9.0M |
| Q4 25 | $13.0B | $380.4M | ||
| Q3 25 | $12.1B | $321.4M | ||
| Q2 25 | $11.7B | $315.3M | ||
| Q1 25 | $11.5B | $284.6M | ||
| Q4 24 | $11.4B | $266.1M | ||
| Q3 24 | $11.2B | $296.5M | ||
| Q2 24 | $11.1B | $19.5M | ||
| Q1 24 | $10.9B | $19.8M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $76.2M | $52.0M |
| Free Cash FlowOCF − Capex | — | $51.2M |
| FCF MarginFCF / Revenue | — | 129.3% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 3.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $23.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $52.0M | ||
| Q3 25 | $14.7M | $-20.9M | ||
| Q2 25 | $38.5M | $-8.3M | ||
| Q1 25 | $-14.6M | $1.9M | ||
| Q4 24 | $200.1M | $-7.3M | ||
| Q3 24 | $-11.3M | $5.0M | ||
| Q2 24 | $46.5M | $19.2M | ||
| Q1 24 | $53.5M | $3.7M |
| Q4 25 | — | $51.2M | ||
| Q3 25 | — | $-20.9M | ||
| Q2 25 | — | $-8.6M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | — | $-7.9M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $18.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | — | 129.3% | ||
| Q3 25 | — | -48.3% | ||
| Q2 25 | — | -19.9% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -17.8% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 3.66× | ||
| Q3 25 | 0.31× | -1.63× | ||
| Q2 25 | 1.16× | -3.39× | ||
| Q1 25 | -0.35× | 0.09× | ||
| Q4 24 | — | -1.12× | ||
| Q3 24 | -0.23× | 1.77× | ||
| Q2 24 | 1.11× | 1.04× | ||
| Q1 24 | 2.30× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MFA
Segment breakdown not available.
SBC
| Franchising | $10.3M | 26% |
| Medical Corporation Shobikai | $8.1M | 21% |
| Medical Corporation Nasukai | $7.2M | 18% |
| Management Services | $6.3M | 16% |
| Rental Services | $4.3M | 11% |
| Medical Corporation Association Furinkai | $3.0M | 8% |
| Japan Medical And Beauty Inc | $656.5K | 2% |
