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

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $55.5M, roughly 1.4× MFA FINANCIAL, INC.). On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 9.2%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

MFA vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.4× larger
VMD
$76.2M
$55.5M
MFA
Growing faster (revenue YoY)
VMD
VMD
+16.3% gap
VMD
25.5%
9.2%
MFA
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
7.7%
MFA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
VMD
VMD
Revenue
$55.5M
$76.2M
Net Profit
$5.6M
Gross Margin
57.9%
Operating Margin
97.9%
11.0%
Net Margin
7.4%
Revenue YoY
9.2%
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$0.43
$0.14

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
VMD
VMD
Q4 25
$55.5M
$76.2M
Q3 25
$56.8M
$71.9M
Q2 25
$61.3M
$63.1M
Q1 25
$57.5M
$59.1M
Q4 24
$50.8M
$60.7M
Q3 24
$50.6M
$58.0M
Q2 24
$53.5M
$55.0M
Q1 24
$47.8M
$50.6M
Net Profit
MFA
MFA
VMD
VMD
Q4 25
$5.6M
Q3 25
$48.1M
$3.5M
Q2 25
$33.2M
$3.2M
Q1 25
$41.2M
$2.6M
Q4 24
$4.3M
Q3 24
$48.2M
$3.9M
Q2 24
$41.9M
$1.5M
Q1 24
$23.2M
$1.6M
Gross Margin
MFA
MFA
VMD
VMD
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
MFA
MFA
VMD
VMD
Q4 25
97.9%
11.0%
Q3 25
84.5%
7.8%
Q2 25
54.5%
8.1%
Q1 25
70.0%
6.5%
Q4 24
6.8%
10.6%
Q3 24
98.2%
9.7%
Q2 24
79.1%
6.6%
Q1 24
50.7%
4.4%
Net Margin
MFA
MFA
VMD
VMD
Q4 25
7.4%
Q3 25
84.7%
4.9%
Q2 25
54.2%
5.0%
Q1 25
71.6%
4.4%
Q4 24
7.1%
Q3 24
95.2%
6.7%
Q2 24
78.4%
2.7%
Q1 24
48.5%
3.2%
EPS (diluted)
MFA
MFA
VMD
VMD
Q4 25
$0.43
$0.14
Q3 25
$0.35
$0.09
Q2 25
$0.21
$0.08
Q1 25
$0.31
$0.06
Q4 24
$-0.01
$0.10
Q3 24
$0.37
$0.10
Q2 24
$0.32
$0.04
Q1 24
$0.14
$0.04

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$213.2M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$141.5M
Total Assets
$13.0B
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
VMD
VMD
Q4 25
$213.2M
$13.5M
Q3 25
$305.2M
$11.1M
Q2 25
$275.7M
$20.0M
Q1 25
$253.7M
$10.2M
Q4 24
$338.9M
$17.5M
Q3 24
$305.6M
$11.3M
Q2 24
$289.4M
$8.8M
Q1 24
$306.3M
$7.3M
Stockholders' Equity
MFA
MFA
VMD
VMD
Q4 25
$1.8B
$141.5M
Q3 25
$1.8B
$133.6M
Q2 25
$1.8B
$139.7M
Q1 25
$1.8B
$134.8M
Q4 24
$1.8B
$131.4M
Q3 24
$1.9B
$125.0M
Q2 24
$1.9B
$119.4M
Q1 24
$1.9B
$116.3M
Total Assets
MFA
MFA
VMD
VMD
Q4 25
$13.0B
$199.2M
Q3 25
$12.1B
$202.4M
Q2 25
$11.7B
$184.6M
Q1 25
$11.5B
$178.1M
Q4 24
$11.4B
$177.1M
Q3 24
$11.2B
$169.5M
Q2 24
$11.1B
$163.9M
Q1 24
$10.9B
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$76.2M
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
VMD
VMD
Q4 25
$76.2M
$18.4M
Q3 25
$14.7M
$18.4M
Q2 25
$38.5M
$12.3M
Q1 25
$-14.6M
$2.9M
Q4 24
$200.1M
$15.0M
Q3 24
$-11.3M
$12.7M
Q2 24
$46.5M
$10.2M
Q1 24
$53.5M
$1.2M
Free Cash Flow
MFA
MFA
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
MFA
MFA
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
MFA
MFA
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
MFA
MFA
VMD
VMD
Q4 25
3.27×
Q3 25
0.31×
5.23×
Q2 25
1.16×
3.88×
Q1 25
-0.35×
1.09×
Q4 24
3.47×
Q3 24
-0.23×
3.29×
Q2 24
1.11×
6.94×
Q1 24
2.30×
0.73×

Financial Flow Comparison

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

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