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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.

Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $55.5M, roughly 1.1× MFA FINANCIAL, INC.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 4.8%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -2.1%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

MFA vs VTS — Head-to-Head

Bigger by revenue
VTS
VTS
1.1× larger
VTS
$58.6M
$55.5M
MFA
Growing faster (revenue YoY)
MFA
MFA
+4.4% gap
MFA
9.2%
4.8%
VTS
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
-2.1%
VTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
VTS
VTS
Revenue
$55.5M
$58.6M
Net Profit
$-739.0K
Gross Margin
Operating Margin
97.9%
-12.0%
Net Margin
-1.3%
Revenue YoY
9.2%
4.8%
Net Profit YoY
85.6%
EPS (diluted)
$0.43
$-0.01

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
VTS
VTS
Q4 25
$55.5M
$58.6M
Q3 25
$56.8M
$67.4M
Q2 25
$61.3M
$81.8M
Q1 25
$57.5M
$66.2M
Q4 24
$50.8M
$55.9M
Q3 24
$50.6M
$58.3M
Q2 24
$53.5M
$66.6M
Q1 24
$47.8M
$61.2M
Net Profit
MFA
MFA
VTS
VTS
Q4 25
$-739.0K
Q3 25
$48.1M
$-1.3M
Q2 25
$33.2M
$24.7M
Q1 25
$41.2M
$2.7M
Q4 24
$-5.1M
Q3 24
$48.2M
$17.4M
Q2 24
$41.9M
$10.9M
Q1 24
$23.2M
$-2.2M
Operating Margin
MFA
MFA
VTS
VTS
Q4 25
97.9%
-12.0%
Q3 25
84.5%
0.2%
Q2 25
54.5%
22.8%
Q1 25
70.0%
8.1%
Q4 24
6.8%
3.7%
Q3 24
98.2%
15.4%
Q2 24
79.1%
25.2%
Q1 24
50.7%
21.4%
Net Margin
MFA
MFA
VTS
VTS
Q4 25
-1.3%
Q3 25
84.7%
-1.9%
Q2 25
54.2%
30.2%
Q1 25
71.6%
4.0%
Q4 24
-9.2%
Q3 24
95.2%
29.9%
Q2 24
78.4%
16.4%
Q1 24
48.5%
-3.6%
EPS (diluted)
MFA
MFA
VTS
VTS
Q4 25
$0.43
$-0.01
Q3 25
$0.35
$-0.03
Q2 25
$0.21
$0.60
Q1 25
$0.31
$0.08
Q4 24
$-0.01
$-0.15
Q3 24
$0.37
$0.53
Q2 24
$0.32
$0.33
Q1 24
$0.14
$-0.07

Balance Sheet & Financial Strength

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

Metric
MFA
MFA
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$213.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$629.3M
Total Assets
$13.0B
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
VTS
VTS
Q4 25
$213.2M
Q3 25
$305.2M
Q2 25
$275.7M
Q1 25
$253.7M
$4.5M
Q4 24
$338.9M
$3.0M
Q3 24
$305.6M
Q2 24
$289.4M
Q1 24
$306.3M
Stockholders' Equity
MFA
MFA
VTS
VTS
Q4 25
$1.8B
$629.3M
Q3 25
$1.8B
$650.3M
Q2 25
$1.8B
$671.9M
Q1 25
$1.8B
$667.7M
Q4 24
$1.8B
$500.3M
Q3 24
$1.9B
$520.4M
Q2 24
$1.9B
$518.5M
Q1 24
$1.9B
$522.7M
Total Assets
MFA
MFA
VTS
VTS
Q4 25
$13.0B
$893.4M
Q3 25
$12.1B
$932.9M
Q2 25
$11.7B
$951.5M
Q1 25
$11.5B
$975.2M
Q4 24
$11.4B
$810.9M
Q3 24
$11.2B
$791.2M
Q2 24
$11.1B
$778.4M
Q1 24
$10.9B
$749.7M

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
VTS
VTS
Operating Cash FlowLast quarter
$76.2M
$37.4M
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.

Operating Cash Flow
MFA
MFA
VTS
VTS
Q4 25
$76.2M
$37.4M
Q3 25
$14.7M
$49.4M
Q2 25
$38.5M
$66.0M
Q1 25
$-14.6M
$17.5M
Q4 24
$200.1M
$34.7M
Q3 24
$-11.3M
$45.7M
Q2 24
$46.5M
$35.2M
Q1 24
$53.5M
$39.4M
Cash Conversion
MFA
MFA
VTS
VTS
Q4 25
Q3 25
0.31×
Q2 25
1.16×
2.68×
Q1 25
-0.35×
6.56×
Q4 24
Q3 24
-0.23×
2.62×
Q2 24
1.11×
3.22×
Q1 24
2.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MFA
MFA

Segment breakdown not available.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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