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

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $39.4M, roughly 1.4× SANDRIDGE ENERGY INC). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 1.1%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

MFA vs SD — Head-to-Head

Bigger by revenue
MFA
MFA
1.4× larger
MFA
$55.5M
$39.4M
SD
Growing faster (revenue YoY)
MFA
MFA
+8.1% gap
MFA
9.2%
1.1%
SD
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
7.7%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
SD
SD
Revenue
$55.5M
$39.4M
Net Profit
$21.6M
Gross Margin
Operating Margin
97.9%
38.5%
Net Margin
54.9%
Revenue YoY
9.2%
1.1%
Net Profit YoY
23.1%
EPS (diluted)
$0.43
$0.59

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
SD
SD
Q4 25
$55.5M
$39.4M
Q3 25
$56.8M
$39.8M
Q2 25
$61.3M
$34.5M
Q1 25
$57.5M
$42.6M
Q4 24
$50.8M
$39.0M
Q3 24
$50.6M
$30.1M
Q2 24
$53.5M
$26.0M
Q1 24
$47.8M
$30.3M
Net Profit
MFA
MFA
SD
SD
Q4 25
$21.6M
Q3 25
$48.1M
$16.0M
Q2 25
$33.2M
$19.6M
Q1 25
$41.2M
$13.0M
Q4 24
$17.6M
Q3 24
$48.2M
$25.5M
Q2 24
$41.9M
$8.8M
Q1 24
$23.2M
$11.1M
Operating Margin
MFA
MFA
SD
SD
Q4 25
97.9%
38.5%
Q3 25
84.5%
37.8%
Q2 25
54.5%
53.7%
Q1 25
70.0%
28.6%
Q4 24
6.8%
25.9%
Q3 24
98.2%
28.3%
Q2 24
79.1%
23.9%
Q1 24
50.7%
27.8%
Net Margin
MFA
MFA
SD
SD
Q4 25
54.9%
Q3 25
84.7%
40.1%
Q2 25
54.2%
56.6%
Q1 25
71.6%
30.6%
Q4 24
45.1%
Q3 24
95.2%
84.8%
Q2 24
78.4%
33.9%
Q1 24
48.5%
36.7%
EPS (diluted)
MFA
MFA
SD
SD
Q4 25
$0.43
$0.59
Q3 25
$0.35
$0.43
Q2 25
$0.21
$0.53
Q1 25
$0.31
$0.35
Q4 24
$-0.01
$0.46
Q3 24
$0.37
$0.69
Q2 24
$0.32
$0.24
Q1 24
$0.14
$0.30

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
SD
SD
Cash + ST InvestmentsLiquidity on hand
$213.2M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$510.9M
Total Assets
$13.0B
$644.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
SD
SD
Q4 25
$213.2M
$111.0M
Q3 25
$305.2M
$101.2M
Q2 25
$275.7M
$102.8M
Q1 25
$253.7M
$99.7M
Q4 24
$338.9M
$98.1M
Q3 24
$305.6M
$92.7M
Q2 24
$289.4M
$209.9M
Q1 24
$306.3M
$207.0M
Stockholders' Equity
MFA
MFA
SD
SD
Q4 25
$1.8B
$510.9M
Q3 25
$1.8B
$492.4M
Q2 25
$1.8B
$480.2M
Q1 25
$1.8B
$464.9M
Q4 24
$1.8B
$460.5M
Q3 24
$1.9B
$446.8M
Q2 24
$1.9B
$424.8M
Q1 24
$1.9B
$419.7M
Total Assets
MFA
MFA
SD
SD
Q4 25
$13.0B
$644.0M
Q3 25
$12.1B
$619.0M
Q2 25
$11.7B
$602.3M
Q1 25
$11.5B
$588.3M
Q4 24
$11.4B
$581.5M
Q3 24
$11.2B
$565.2M
Q2 24
$11.1B
$529.6M
Q1 24
$10.9B
$527.4M

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
SD
SD
Operating Cash FlowLast quarter
$76.2M
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
43.8%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
SD
SD
Q4 25
$76.2M
$31.7M
Q3 25
$14.7M
$25.3M
Q2 25
$38.5M
$22.9M
Q1 25
$-14.6M
$20.3M
Q4 24
$200.1M
$26.0M
Q3 24
$-11.3M
$20.8M
Q2 24
$46.5M
$11.4M
Q1 24
$53.5M
$15.7M
Free Cash Flow
MFA
MFA
SD
SD
Q4 25
$14.4M
Q3 25
$5.9M
Q2 25
$7.3M
Q1 25
$13.9M
Q4 24
$13.2M
Q3 24
$10.8M
Q2 24
$9.0M
Q1 24
$14.6M
FCF Margin
MFA
MFA
SD
SD
Q4 25
36.6%
Q3 25
14.9%
Q2 25
21.0%
Q1 25
32.7%
Q4 24
33.8%
Q3 24
36.1%
Q2 24
34.5%
Q1 24
48.1%
Capex Intensity
MFA
MFA
SD
SD
Q4 25
43.8%
Q3 25
48.6%
Q2 25
45.2%
Q1 25
15.0%
Q4 24
32.9%
Q3 24
33.3%
Q2 24
9.4%
Q1 24
3.7%
Cash Conversion
MFA
MFA
SD
SD
Q4 25
1.46×
Q3 25
0.31×
1.58×
Q2 25
1.16×
1.17×
Q1 25
-0.35×
1.56×
Q4 24
1.48×
Q3 24
-0.23×
0.82×
Q2 24
1.11×
1.30×
Q1 24
2.30×
1.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MFA
MFA

Segment breakdown not available.

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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