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

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $42.0M, roughly 1.3× SYNCHRONOSS TECHNOLOGIES INC). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs -2.2%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs 0.7%).

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.

Synchronoss Technologies Inc develops cloud-based digital transformation, subscriber management and messaging solutions for global telecom operators and enterprise clients. Its core offerings support connectivity onboarding, IoT service enablement, with key markets spanning North America, Europe and Asia-Pacific.

MFA vs SNCR — Head-to-Head

Bigger by revenue
MFA
MFA
1.3× larger
MFA
$55.5M
$42.0M
SNCR
Growing faster (revenue YoY)
MFA
MFA
+11.4% gap
MFA
9.2%
-2.2%
SNCR
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
0.7%
SNCR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MFA
MFA
SNCR
SNCR
Revenue
$55.5M
$42.0M
Net Profit
$5.8M
Gross Margin
79.4%
Operating Margin
97.9%
14.0%
Net Margin
13.8%
Revenue YoY
9.2%
-2.2%
Net Profit YoY
201.7%
EPS (diluted)
$0.43
$0.51

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
SNCR
SNCR
Q4 25
$55.5M
Q3 25
$56.8M
$42.0M
Q2 25
$61.3M
$42.5M
Q1 25
$57.5M
$42.2M
Q4 24
$50.8M
$44.2M
Q3 24
$50.6M
$43.0M
Q2 24
$53.5M
$43.5M
Q1 24
$47.8M
$43.0M
Net Profit
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
$48.1M
$5.8M
Q2 25
$33.2M
$-19.6M
Q1 25
$41.2M
$-3.8M
Q4 24
$7.9M
Q3 24
$48.2M
$-5.7M
Q2 24
$41.9M
$-494.0K
Q1 24
$23.2M
$4.5M
Gross Margin
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
79.4%
Q2 25
79.0%
Q1 25
79.4%
Q4 24
78.6%
Q3 24
79.1%
Q2 24
76.1%
Q1 24
76.2%
Operating Margin
MFA
MFA
SNCR
SNCR
Q4 25
97.9%
Q3 25
84.5%
14.0%
Q2 25
54.5%
16.1%
Q1 25
70.0%
19.5%
Q4 24
6.8%
16.5%
Q3 24
98.2%
12.8%
Q2 24
79.1%
9.9%
Q1 24
50.7%
10.7%
Net Margin
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
84.7%
13.8%
Q2 25
54.2%
-46.1%
Q1 25
71.6%
-9.0%
Q4 24
17.8%
Q3 24
95.2%
-13.3%
Q2 24
78.4%
-1.1%
Q1 24
48.5%
10.4%
EPS (diluted)
MFA
MFA
SNCR
SNCR
Q4 25
$0.43
Q3 25
$0.35
$0.51
Q2 25
$0.21
$-1.87
Q1 25
$0.31
$-0.37
Q4 24
$-0.01
$0.75
Q3 24
$0.37
$-0.56
Q2 24
$0.32
$0.01
Q1 24
$0.14
$0.23

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
SNCR
SNCR
Cash + ST InvestmentsLiquidity on hand
$213.2M
$34.8M
Total DebtLower is stronger
$163.2M
Stockholders' EquityBook value
$1.8B
$55.4M
Total Assets
$13.0B
$278.2M
Debt / EquityLower = less leverage
2.95×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
SNCR
SNCR
Q4 25
$213.2M
Q3 25
$305.2M
$34.8M
Q2 25
$275.7M
$24.6M
Q1 25
$253.7M
$29.1M
Q4 24
$338.9M
$33.4M
Q3 24
$305.6M
$25.2M
Q2 24
$289.4M
$23.6M
Q1 24
$306.3M
$19.1M
Total Debt
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
$163.2M
Q2 25
$186.2M
Q1 25
$187.0M
Q4 24
$186.7M
Q3 24
$186.4M
Q2 24
$186.2M
Q1 24
$136.6M
Stockholders' Equity
MFA
MFA
SNCR
SNCR
Q4 25
$1.8B
Q3 25
$1.8B
$55.4M
Q2 25
$1.8B
$49.4M
Q1 25
$1.8B
$35.4M
Q4 24
$1.8B
$29.8M
Q3 24
$1.9B
$35.3M
Q2 24
$1.9B
$30.6M
Q1 24
$1.9B
$24.0M
Total Assets
MFA
MFA
SNCR
SNCR
Q4 25
$13.0B
Q3 25
$12.1B
$278.2M
Q2 25
$11.7B
$291.4M
Q1 25
$11.5B
$293.3M
Q4 24
$11.4B
$293.8M
Q3 24
$11.2B
$299.7M
Q2 24
$11.1B
$295.7M
Q1 24
$10.9B
$298.5M
Debt / Equity
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
2.95×
Q2 25
3.77×
Q1 25
5.28×
Q4 24
6.27×
Q3 24
5.28×
Q2 24
6.08×
Q1 24
5.70×

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
SNCR
SNCR
Operating Cash FlowLast quarter
$76.2M
$39.4M
Free Cash FlowOCF − Capex
$39.0M
FCF MarginFCF / Revenue
92.9%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
6.77×
TTM Free Cash FlowTrailing 4 quarters
$53.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
SNCR
SNCR
Q4 25
$76.2M
Q3 25
$14.7M
$39.4M
Q2 25
$38.5M
$2.3M
Q1 25
$-14.6M
$293.0K
Q4 24
$200.1M
$13.1M
Q3 24
$-11.3M
$3.4M
Q2 24
$46.5M
$11.3M
Q1 24
$53.5M
$527.0K
Free Cash Flow
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
$39.0M
Q2 25
$2.0M
Q1 25
$-31.0K
Q4 24
$12.2M
Q3 24
$3.2M
Q2 24
$10.9M
Q1 24
$10.0K
FCF Margin
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
92.9%
Q2 25
4.6%
Q1 25
-0.1%
Q4 24
27.6%
Q3 24
7.5%
Q2 24
25.2%
Q1 24
0.0%
Capex Intensity
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
0.9%
Q2 25
0.8%
Q1 25
0.8%
Q4 24
1.9%
Q3 24
0.3%
Q2 24
0.9%
Q1 24
1.2%
Cash Conversion
MFA
MFA
SNCR
SNCR
Q4 25
Q3 25
0.31×
6.77×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
1.66×
Q3 24
-0.23×
Q2 24
1.11×
Q1 24
2.30×
0.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MFA
MFA

Segment breakdown not available.

SNCR
SNCR

Subscription Services$39.4M94%
Professional Services$2.6M6%

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