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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $46.6M, roughly 1.2× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 9.2%).
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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
MFA vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $46.6M |
| Net Profit | — | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | 97.9% | -2.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | 9.2% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $0.43 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $56.8M | $30.6M | ||
| Q2 25 | $61.3M | $6.9M | ||
| Q1 25 | $57.5M | $6.9M | ||
| Q4 24 | $50.8M | $6.4M | ||
| Q3 24 | $50.6M | $6.3M | ||
| Q2 24 | $53.5M | — | ||
| Q1 24 | $47.8M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $48.1M | $-2.3M | ||
| Q2 25 | $33.2M | $-1.9M | ||
| Q1 25 | $41.2M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $48.2M | $-9.6M | ||
| Q2 24 | $41.9M | — | ||
| Q1 24 | $23.2M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 97.9% | -2.7% | ||
| Q3 25 | 84.5% | -6.9% | ||
| Q2 25 | 54.5% | -25.7% | ||
| Q1 25 | 70.0% | -16.7% | ||
| Q4 24 | 6.8% | -27.9% | ||
| Q3 24 | 98.2% | -158.4% | ||
| Q2 24 | 79.1% | — | ||
| Q1 24 | 50.7% | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | 84.7% | -7.4% | ||
| Q2 25 | 54.2% | -27.6% | ||
| Q1 25 | 71.6% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | 95.2% | -152.0% | ||
| Q2 24 | 78.4% | — | ||
| Q1 24 | 48.5% | — |
| Q4 25 | $0.43 | $-0.02 | ||
| Q3 25 | $0.35 | $-0.04 | ||
| Q2 25 | $0.21 | $-0.04 | ||
| Q1 25 | $0.31 | $-0.03 | ||
| Q4 24 | $-0.01 | $-0.07 | ||
| Q3 24 | $0.37 | $-0.21 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $213.2M | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $-12.2M |
| Total Assets | $13.0B | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $213.2M | $8.0M | ||
| Q3 25 | $305.2M | $5.7M | ||
| Q2 25 | $275.7M | $1.9M | ||
| Q1 25 | $253.7M | $6.8M | ||
| Q4 24 | $338.9M | $7.1M | ||
| Q3 24 | $305.6M | $8.6M | ||
| Q2 24 | $289.4M | — | ||
| Q1 24 | $306.3M | — |
| Q4 25 | $1.8B | $-12.2M | ||
| Q3 25 | $1.8B | $-11.8M | ||
| Q2 25 | $1.8B | $-15.1M | ||
| Q1 25 | $1.8B | $-15.9M | ||
| Q4 24 | $1.8B | $-15.1M | ||
| Q3 24 | $1.9B | $-10.9M | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $13.0B | $91.3M | ||
| Q3 25 | $12.1B | $58.7M | ||
| Q2 25 | $11.7B | $38.2M | ||
| Q1 25 | $11.5B | $38.6M | ||
| Q4 24 | $11.4B | $38.6M | ||
| Q3 24 | $11.2B | $43.0M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $76.2M | $-2.5M |
| 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.
| Q4 25 | $76.2M | $-2.5M | ||
| Q3 25 | $14.7M | $3.4M | ||
| Q2 25 | $38.5M | $220.7K | ||
| Q1 25 | $-14.6M | $-601.1K | ||
| Q4 24 | $200.1M | $-1.3M | ||
| Q3 24 | $-11.3M | $203.6K | ||
| Q2 24 | $46.5M | — | ||
| Q1 24 | $53.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
