Annual Income Statements for Ellington Financial
This table shows Ellington Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Ellington Financial
This table shows Ellington Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-33 |
23 |
39 |
2.90 |
6.59 |
12 |
27 |
52 |
16 |
22 |
32 |
Consolidated Net Income / (Loss) |
|
-30 |
27 |
45 |
11 |
13 |
19 |
34 |
60 |
23 |
31 |
39 |
Net Income / (Loss) Continuing Operations |
|
-30 |
27 |
45 |
11 |
13 |
19 |
34 |
60 |
23 |
31 |
39 |
Total Pre-Tax Income |
|
-4.30 |
33 |
41 |
17 |
14 |
17 |
32 |
48 |
16 |
20 |
31 |
Total Revenue |
|
10 |
71 |
79 |
59 |
54 |
85 |
76 |
91 |
67 |
72 |
84 |
Net Interest Income / (Expense) |
|
37 |
30 |
28 |
25 |
28 |
28 |
31 |
34 |
34 |
38 |
43 |
Total Interest Income |
|
79 |
90 |
87 |
88 |
96 |
99 |
102 |
100 |
107 |
107 |
116 |
Investment Securities Interest Income |
|
79 |
90 |
87 |
88 |
96 |
99 |
102 |
100 |
107 |
107 |
116 |
Total Interest Expense |
|
42 |
60 |
60 |
63 |
69 |
71 |
70 |
67 |
74 |
69 |
73 |
Long-Term Debt Interest Expense |
|
- |
- |
60 |
63 |
69 |
71 |
70 |
67 |
74 |
69 |
73 |
Total Non-Interest Income |
|
-26 |
41 |
52 |
35 |
26 |
57 |
44 |
58 |
33 |
34 |
40 |
Other Service Charges |
|
-0.03 |
4.36 |
3.50 |
5.69 |
29 |
2.99 |
7.51 |
7.65 |
1.58 |
12 |
24 |
Net Realized & Unrealized Capital Gains on Investments |
|
-26 |
37 |
48 |
29 |
-2.55 |
54 |
37 |
50 |
32 |
22 |
17 |
Total Non-Interest Expense |
|
14 |
38 |
38 |
43 |
39 |
68 |
44 |
43 |
51 |
52 |
52 |
Salaries and Employee Benefits |
|
1.88 |
15 |
15 |
16 |
15 |
33 |
15 |
16 |
19 |
19 |
17 |
Insurance Policy Acquisition Costs |
|
0.00 |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
4.53 |
Other Operating Expenses |
|
11 |
26 |
23 |
27 |
25 |
35 |
26 |
27 |
30 |
31 |
31 |
Other Special Charges |
|
1.94 |
-3.62 |
0.00 |
0.00 |
0.00 |
- |
3.11 |
0.00 |
1.99 |
2.21 |
0.00 |
Nonoperating Income / (Expense), net |
|
0.00 |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
-1.38 |
Income Tax Expense |
|
-0.08 |
-2.85 |
0.02 |
0.08 |
0.22 |
0.13 |
0.06 |
0.14 |
0.01 |
0.40 |
-0.10 |
Other Gains / (Losses), net |
|
-26 |
-9.33 |
3.44 |
-5.87 |
-0.98 |
2.55 |
2.23 |
12 |
7.28 |
11 |
8.30 |
Preferred Stock Dividends Declared |
|
3.82 |
3.82 |
5.12 |
5.98 |
5.98 |
6.11 |
6.65 |
6.83 |
6.83 |
7.39 |
7.04 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.26 |
0.25 |
0.72 |
1.86 |
0.51 |
0.72 |
0.48 |
0.90 |
0.32 |
0.55 |
0.64 |
Basic Earnings per Share |
|
($0.55) |
$0.37 |
$0.58 |
$0.04 |
$0.10 |
$0.17 |
$0.32 |
$0.62 |
$0.19 |
$0.23 |
$0.35 |
Weighted Average Basic Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Weighted Average Diluted Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Weighted Average Basic & Diluted Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Cash Dividends to Common per Share |
|
$0.45 |
- |
$0.45 |
$0.45 |
- |
- |
- |
$0.39 |
$0.39 |
- |
$390.00 |
Annual Cash Flow Statements for Ellington Financial
This table details how cash moves in and out of Ellington Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-69 |
70 |
-61 |
-76 |
-2.58 |
27 |
39 |
-19 |
129 |
8.68 |
-22 |
Net Cash From Operating Activities |
|
-604 |
654 |
70 |
-463 |
-494 |
79 |
120 |
51 |
43 |
-242 |
-431 |
Net Cash From Continuing Operating Activities |
|
-598 |
654 |
70 |
-461 |
1,842 |
90 |
21 |
94 |
-41 |
87 |
114 |
Net Income / (Loss) Continuing Operations |
|
60 |
38 |
-16 |
36 |
0.00 |
63 |
28 |
141 |
-71 |
88 |
148 |
Consolidated Net Income / (Loss) |
|
60 |
38 |
-16 |
36 |
- |
63 |
28 |
141 |
-71 |
88 |
148 |
Amortization Expense |
|
-9.13 |
22 |
25 |
33 |
46 |
-48 |
-41 |
-32 |
-25 |
-13 |
4.16 |
Non-Cash Adjustments to Reconcile Net Income |
|
15 |
-167 |
12 |
-544 |
1,720 |
53 |
32 |
-86 |
-12 |
1.34 |
-30 |
Changes in Operating Assets and Liabilities, net |
|
-670 |
761 |
48 |
13 |
77 |
22 |
1.49 |
71 |
67 |
11 |
-7.81 |
Net Cash From Investing Activities |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1,665 |
507 |
-2,025 |
-1,753 |
175 |
-728 |
Net Cash From Continuing Investing Activities |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-1,545 |
507 |
-2,025 |
-1,675 |
97 |
134 |
Purchase of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
0.00 |
-0.24 |
-0.15 |
-2,020 |
-3,591 |
-0.04 |
0.00 |
Purchase of Investment Securities |
|
- |
- |
- |
- |
0.00 |
-11,280 |
-9,935 |
-21,962 |
-40,002 |
-56 |
-120 |
Sale and/or Maturity of Investments |
|
- |
- |
- |
- |
0.00 |
9,733 |
10,426 |
21,948 |
41,848 |
153 |
254 |
Net Cash From Financing Activities |
|
535 |
-584 |
-130 |
387 |
492 |
1,613 |
-587 |
1,955 |
1,839 |
76 |
1,137 |
Net Cash From Continuing Financing Activities |
|
535 |
-584 |
-130 |
387 |
492 |
1,492 |
-587 |
2,178 |
1,821 |
58 |
49 |
Issuance of Debt |
|
23,414 |
9,758 |
5,804 |
10,223 |
8,281 |
9,395 |
4,625 |
6,780 |
14,229 |
0.00 |
113 |
Issuance of Preferred Equity |
|
- |
- |
- |
- |
0.00 |
111 |
0.00 |
116 |
0.51 |
97 |
0.00 |
Issuance of Common Equity |
|
188 |
- |
- |
- |
0.00 |
157 |
96 |
245 |
99 |
122 |
100 |
Repayment of Debt |
|
-22,981 |
-10,254 |
-5,855 |
-9,777 |
-7,713 |
-8,106 |
-5,238 |
-4,825 |
-12,420 |
0.00 |
0.00 |
Repurchase of Common Equity |
|
0.00 |
-5.64 |
-14 |
-15 |
-23 |
-0.78 |
-3.06 |
0.00 |
-1.66 |
-12 |
-0.69 |
Payment of Dividends |
|
-86 |
-83 |
-65 |
-58 |
-51 |
-54 |
-65 |
-86 |
-123 |
-149 |
-164 |
Cash Interest Paid |
|
9.54 |
12 |
15 |
28 |
56 |
79 |
66 |
43 |
125 |
263 |
285 |
Cash Income Taxes Paid |
|
- |
- |
- |
- |
0.00 |
0.19 |
0.54 |
2.85 |
-1.61 |
-0.32 |
0.71 |
Quarterly Cash Flow Statements for Ellington Financial
This table details how cash moves in and out of Ellington Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-49 |
47 |
-32 |
6.04 |
-20 |
54 |
-37 |
11 |
24 |
-19 |
8.37 |
Net Cash From Operating Activities |
|
-11 |
-28 |
-49 |
-43 |
-71 |
-79 |
-59 |
-89 |
-142 |
-141 |
-126 |
Net Cash From Continuing Operating Activities |
|
1.02 |
-42 |
101 |
-2.88 |
-51 |
40 |
17 |
59 |
70 |
-31 |
56 |
Net Income / (Loss) Continuing Operations |
|
- |
-71 |
45 |
11 |
13 |
19 |
34 |
60 |
23 |
31 |
39 |
Consolidated Net Income / (Loss) |
|
- |
- |
45 |
11 |
13 |
19 |
34 |
60 |
23 |
31 |
39 |
Amortization Expense |
|
- |
- |
0.00 |
- |
- |
-13 |
0.00 |
- |
- |
4.16 |
0.00 |
Non-Cash Adjustments to Reconcile Net Income |
|
1.02 |
-13 |
56 |
-14 |
-64 |
22 |
-17 |
-1.41 |
47 |
-58 |
17 |
Changes in Operating Assets and Liabilities, net |
|
- |
- |
0.00 |
- |
- |
11 |
0.00 |
- |
- |
-7.81 |
0.00 |
Net Cash From Investing Activities |
|
-277 |
-167 |
-19 |
-117 |
14 |
296 |
393 |
76 |
-576 |
-621 |
-634 |
Net Cash From Continuing Investing Activities |
|
-277 |
-89 |
-19 |
-181 |
-3.66 |
300 |
381 |
57 |
-597 |
293 |
-658 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.06 |
-3,591 |
-676 |
-777 |
-828 |
2,281 |
-905 |
-885 |
-1,275 |
3,066 |
-1,345 |
Purchase of Investment Securities |
|
-10,619 |
-9,431 |
-11,158 |
-9,365 |
-9,708 |
30,175 |
-8,721 |
-6,057 |
-11,350 |
26,008 |
-17,269 |
Divestitures |
|
- |
23 |
- |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Sale and/or Maturity of Investments |
|
10,311 |
12,939 |
11,820 |
9,939 |
10,492 |
-32,098 |
9,956 |
6,994 |
12,041 |
-28,736 |
17,982 |
Other Investing Activities, net |
|
31 |
-29 |
-4.50 |
21 |
41 |
- |
51 |
4.91 |
-12 |
- |
-26 |
Net Cash From Financing Activities |
|
239 |
241 |
36 |
166 |
37 |
-163 |
-370 |
23 |
742 |
743 |
769 |
Net Cash From Continuing Financing Activities |
|
411 |
51 |
-35 |
96 |
35 |
-39 |
-385 |
-53 |
644 |
-157 |
601 |
Issuance of Debt |
|
4,064 |
4,075 |
10,186 |
10,905 |
9,172 |
-30,263 |
15,634 |
15,736 |
18,286 |
-49,543 |
18,609 |
Issuance of Preferred Equity |
|
- |
- |
97 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Issuance of Common Equity |
|
8.04 |
46 |
61 |
- |
15 |
47 |
27 |
- |
73 |
- |
51 |
Repayment of Debt |
|
-3,640 |
-4,086 |
-10,348 |
-10,756 |
-9,098 |
30,202 |
-15,990 |
-15,752 |
-17,673 |
49,415 |
-18,018 |
Repurchase of Common Equity |
|
-0.50 |
- |
-12 |
-0.28 |
- |
- |
-0.52 |
-0.16 |
- |
- |
0.00 |
Payment of Dividends |
|
-31 |
-32 |
-34 |
-36 |
-37 |
-42 |
-40 |
-40 |
-41 |
-42 |
-43 |
Other Financing Activities, Net |
|
10 |
48 |
16 |
-17 |
-16 |
- |
-16 |
3.71 |
-1.32 |
- |
2.06 |
Cash Interest Paid |
|
41 |
50 |
67 |
59 |
68 |
69 |
68 |
75 |
70 |
72 |
76 |
Cash Income Taxes Paid |
|
0.06 |
-1.76 |
-0.52 |
0.05 |
0.01 |
0.14 |
0.23 |
0.03 |
0.03 |
0.41 |
0.01 |
Annual Balance Sheets for Ellington Financial
This table presents Ellington Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
3,945 |
2,992 |
2,413 |
2,993 |
3,971 |
4,338 |
3,414 |
5,177 |
14,086 |
15,316 |
16,317 |
Cash and Due from Banks |
|
114 |
184 |
123 |
47 |
45 |
72 |
112 |
93 |
217 |
229 |
192 |
Restricted Cash |
|
0.00 |
4.86 |
0.66 |
0.43 |
0.43 |
0.18 |
0.18 |
0.18 |
4.82 |
1.62 |
17 |
Interest Bearing Deposits at Other Banks |
|
147 |
142 |
94 |
140 |
72 |
80 |
63 |
94 |
37 |
52 |
22 |
Trading Account Securities |
|
252 |
269 |
36 |
28 |
20 |
2,467 |
1,530 |
2,106 |
1,592 |
1,662 |
1,147 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
3,432 |
2,393 |
2,160 |
2,777 |
5,984 |
1,719 |
1,709 |
2,885 |
12,235 |
13,371 |
14,939 |
Total Liabilities & Shareholders' Equity |
|
3,945 |
2,992 |
2,413 |
2,993 |
3,971 |
4,338 |
3,414 |
5,177 |
14,086 |
15,316 |
16,317 |
Total Liabilities |
|
3,157 |
2,253 |
1,768 |
2,372 |
3,376 |
3,470 |
2,492 |
3,854 |
12,865 |
13,780 |
14,726 |
Short-Term Debt |
|
1,834 |
1,515 |
1,150 |
1,450 |
494 |
96 |
34 |
41 |
84 |
162 |
149 |
Accrued Interest Payable |
|
- |
- |
- |
- |
0.00 |
7.32 |
3.23 |
4.57 |
22 |
23 |
18 |
Other Short-Term Payables |
|
2.80 |
3.63 |
3.33 |
3.89 |
- |
6.98 |
5.74 |
- |
- |
12 |
17 |
Long-Term Debt |
|
0.77 |
0.00 |
24 |
268 |
497 |
830 |
892 |
1,167 |
2,008 |
1,943 |
2,470 |
Other Long-Term Liabilities |
|
1,319 |
734 |
591 |
651 |
2,385 |
2,529 |
1,557 |
2,641 |
10,751 |
11,641 |
12,073 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
789 |
739 |
645 |
621 |
595 |
869 |
922 |
1,324 |
1,221 |
1,536 |
1,591 |
Total Preferred & Common Equity |
|
782 |
732 |
638 |
600 |
564 |
829 |
885 |
1,291 |
1,196 |
1,517 |
1,570 |
Preferred Stock |
|
- |
- |
- |
- |
0.00 |
111 |
111 |
227 |
227 |
356 |
332 |
Total Common Equity |
|
782 |
732 |
638 |
600 |
564 |
718 |
774 |
1,064 |
969 |
1,162 |
1,239 |
Common Stock |
|
782 |
732 |
638 |
600 |
564 |
822 |
916 |
0.06 |
0.06 |
0.08 |
0.09 |
Retained Earnings |
|
- |
- |
- |
- |
0.00 |
-104 |
-142 |
-97 |
-291 |
-353 |
-375 |
Other Equity Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
1,162 |
1,259 |
1,515 |
1,614 |
Noncontrolling Interest |
|
6.39 |
6.90 |
7.12 |
21 |
31 |
39 |
36 |
32 |
25 |
19 |
20 |
Quarterly Balance Sheets for Ellington Financial
This table presents Ellington Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
6,179 |
6,343 |
14,112 |
14,303 |
14,445 |
15,133 |
15,093 |
15,953 |
16,644 |
Cash and Due from Banks |
|
224 |
175 |
189 |
195 |
175 |
187 |
199 |
218 |
203 |
Restricted Cash |
|
0.00 |
0.00 |
1.60 |
1.60 |
1.60 |
6.34 |
6.10 |
11 |
14 |
Interest Bearing Deposits at Other Banks |
|
94 |
87 |
24 |
33 |
39 |
17 |
22 |
16 |
43 |
Trading Account Securities |
|
1,839 |
1,683 |
1,494 |
1,632 |
1,700 |
1,479 |
1,290 |
1,213 |
1,101 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
4,022 |
4,398 |
12,403 |
12,441 |
12,530 |
13,443 |
13,576 |
14,495 |
15,283 |
Total Liabilities & Shareholders' Equity |
|
6,179 |
6,343 |
14,112 |
14,303 |
14,445 |
15,133 |
15,093 |
15,953 |
16,644 |
Total Liabilities |
|
4,944 |
5,162 |
12,737 |
12,958 |
13,108 |
13,579 |
13,519 |
14,328 |
15,007 |
Short-Term Debt |
|
86 |
111 |
84 |
108 |
155 |
135 |
158 |
130 |
146 |
Accrued Interest Payable |
|
10 |
12 |
15 |
19 |
20 |
25 |
17 |
21 |
20 |
Other Short-Term Payables |
|
12 |
- |
- |
- |
14 |
15 |
15 |
16 |
17 |
Long-Term Debt |
|
1,782 |
1,870 |
2,084 |
1,901 |
1,895 |
2,021 |
2,072 |
2,377 |
2,442 |
Other Long-Term Liabilities |
|
3,054 |
3,169 |
10,554 |
10,931 |
11,022 |
11,383 |
11,256 |
11,784 |
12,381 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,234 |
1,181 |
1,375 |
1,345 |
1,337 |
1,553 |
1,574 |
1,626 |
1,638 |
Total Preferred & Common Equity |
|
1,208 |
1,155 |
1,350 |
1,323 |
1,313 |
1,533 |
1,553 |
1,607 |
1,614 |
Preferred Stock |
|
227 |
227 |
324 |
324 |
324 |
356 |
356 |
356 |
332 |
Total Common Equity |
|
981 |
928 |
1,026 |
999 |
990 |
1,178 |
1,197 |
1,252 |
1,282 |
Common Stock |
|
0.06 |
0.06 |
0.07 |
0.07 |
0.07 |
0.09 |
0.09 |
0.09 |
0.09 |
Retained Earnings |
|
-225 |
-286 |
-282 |
-310 |
-334 |
-363 |
-344 |
-362 |
-379 |
Other Equity Adjustments |
|
1,206 |
1,213 |
1,308 |
1,308 |
1,323 |
1,541 |
1,541 |
1,614 |
1,662 |
Noncontrolling Interest |
|
26 |
25 |
25 |
22 |
24 |
20 |
21 |
18 |
23 |
Annual Metrics And Ratios for Ellington Financial
This table displays calculated financial ratios and metrics derived from Ellington Financial's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-4.99% |
49.83% |
-47.63% |
-13.46% |
276.90% |
-58.63% |
-49.97% |
223.70% |
-60.28% |
361.58% |
10.37% |
EBITDA Growth |
|
9.67% |
137.05% |
-48.56% |
-0.87% |
264.83% |
-97.19% |
-694.82% |
232.11% |
-195.32% |
252.35% |
58.54% |
EBIT Growth |
|
-7.01% |
67.97% |
-61.20% |
-21.61% |
494.18% |
-71.45% |
-96.66% |
4,547.17% |
-129.51% |
457.25% |
30.33% |
NOPAT Growth |
|
-7.01% |
67.97% |
-72.84% |
11.99% |
-53.20% |
252.06% |
-118.04% |
962.83% |
-121.20% |
607.75% |
30.32% |
Net Income Growth |
|
-24.46% |
-35.90% |
-140.86% |
329.04% |
38.78% |
26.58% |
-55.08% |
395.32% |
-150.42% |
224.03% |
68.50% |
EPS Growth |
|
-36.28% |
-45.93% |
-142.48% |
316.67% |
46.15% |
15.79% |
-77.84% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Growth |
|
-147.22% |
208.29% |
-89.35% |
-764.25% |
-6.75% |
116.04% |
50.80% |
-57.08% |
-16.78% |
-666.60% |
-78.01% |
Free Cash Flow Firm Growth |
|
77.39% |
203.45% |
-2.55% |
-205.21% |
257.44% |
-120.26% |
59.90% |
-864.55% |
-32.76% |
70.04% |
-89.49% |
Invested Capital Growth |
|
24.87% |
-14.10% |
-19.29% |
28.57% |
-32.18% |
13.14% |
2.94% |
37.02% |
30.85% |
9.90% |
15.63% |
Revenue Q/Q Growth |
|
35.10% |
14.96% |
-21.50% |
-31.23% |
168.98% |
-54.65% |
259.33% |
-17.36% |
304.33% |
5.13% |
-3.98% |
EBITDA Q/Q Growth |
|
76.28% |
36.35% |
-18.94% |
-18.24% |
90.65% |
-96.15% |
-25.94% |
-57.32% |
1.66% |
-28.06% |
6.55% |
EBIT Q/Q Growth |
|
58.55% |
18.99% |
-14.26% |
-36.91% |
141.01% |
-66.32% |
105.79% |
-30.96% |
50.75% |
-15.52% |
2.88% |
NOPAT Q/Q Growth |
|
58.55% |
18.99% |
-14.26% |
-36.91% |
634.27% |
20.15% |
60.84% |
-27.13% |
49.79% |
-17.91% |
2.65% |
Net Income Q/Q Growth |
|
-17.06% |
-2.28% |
0.44% |
21.10% |
-15.66% |
35.27% |
224.46% |
-16.48% |
-20.46% |
-7.85% |
8.29% |
EPS Q/Q Growth |
|
-18.04% |
10.78% |
-2.13% |
20.93% |
-15.56% |
23.94% |
145.88% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-178.96% |
416.13% |
-83.74% |
-112.22% |
34.96% |
565.86% |
13.16% |
-46.49% |
-31.88% |
-27.01% |
-16.77% |
Free Cash Flow Firm Q/Q Growth |
|
83.54% |
-20.28% |
13.21% |
-1,112.11% |
179.35% |
-110.15% |
81.98% |
-116.29% |
17.45% |
-102.13% |
28.21% |
Invested Capital Q/Q Growth |
|
-7.35% |
-3.03% |
-6.64% |
14.67% |
-47.20% |
18.36% |
0.52% |
13.56% |
4.77% |
7.45% |
1.87% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
61.06% |
96.60% |
94.88% |
108.67% |
105.19% |
7.14% |
-84.86% |
34.63% |
-83.11% |
27.43% |
39.40% |
EBIT Margin |
|
71.42% |
80.07% |
59.33% |
53.74% |
84.72% |
58.46% |
3.90% |
56.03% |
-41.62% |
32.22% |
38.04% |
Profit (Net Income) Margin |
|
68.06% |
29.12% |
-22.72% |
60.12% |
22.14% |
67.74% |
60.82% |
93.06% |
-118.13% |
31.74% |
48.46% |
Tax Burden Percent |
|
100.00% |
92.60% |
155.39% |
111.97% |
0.00% |
115.87% |
1,558.32% |
164.21% |
283.81% |
98.53% |
127.38% |
Interest Burden Percent |
|
95.29% |
39.27% |
-24.64% |
99.92% |
0.00% |
100.00% |
100.00% |
101.15% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.86% |
624.77% |
3.67% |
0.00% |
0.51% |
0.53% |
Return on Invested Capital (ROIC) |
|
2.66% |
4.33% |
1.41% |
1.55% |
0.77% |
3.13% |
-0.52% |
3.77% |
-0.60% |
2.55% |
2.95% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
2.48% |
0.32% |
-1.89% |
1.81% |
3.34% |
4.20% |
3.57% |
9.21% |
-3.83% |
2.51% |
4.32% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.81% |
0.70% |
-3.68% |
4.14% |
7.44% |
5.50% |
3.69% |
8.76% |
-4.97% |
3.82% |
6.53% |
Return on Equity (ROE) |
|
8.48% |
5.03% |
-2.27% |
5.68% |
8.21% |
8.63% |
3.17% |
12.52% |
-5.57% |
6.38% |
9.47% |
Cash Return on Invested Capital (CROIC) |
|
-19.46% |
19.50% |
22.76% |
-23.45% |
39.11% |
-9.20% |
-3.42% |
-27.47% |
-27.33% |
-6.88% |
-11.55% |
Operating Return on Assets (OROA) |
|
1.82% |
3.05% |
1.52% |
1.19% |
5.48% |
1.31% |
0.05% |
1.97% |
-0.26% |
0.61% |
0.74% |
Return on Assets (ROA) |
|
1.73% |
1.11% |
-0.58% |
1.33% |
1.43% |
1.52% |
0.73% |
3.27% |
-0.74% |
0.60% |
0.94% |
Return on Common Equity (ROCE) |
|
8.40% |
4.99% |
-2.25% |
5.56% |
7.86% |
7.56% |
2.64% |
10.25% |
-4.45% |
4.93% |
7.27% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.66% |
5.25% |
-2.46% |
5.99% |
8.85% |
7.62% |
3.21% |
10.88% |
-5.93% |
5.79% |
9.43% |
Net Operating Profit after Tax (NOPAT) |
|
63 |
106 |
29 |
32 |
15 |
53 |
-9.56 |
82 |
-17 |
89 |
116 |
NOPAT Margin |
|
71.42% |
80.07% |
41.53% |
53.74% |
6.67% |
56.79% |
-20.48% |
54.59% |
-29.14% |
32.05% |
37.84% |
Net Nonoperating Expense Percent (NNEP) |
|
0.18% |
4.01% |
3.30% |
-0.26% |
-2.57% |
-1.07% |
-4.10% |
-5.45% |
3.24% |
0.04% |
-1.37% |
SG&A Expenses to Revenue |
|
1.65% |
1.44% |
3.61% |
4.32% |
1.17% |
3.91% |
8.09% |
4.45% |
35.16% |
28.32% |
22.49% |
Operating Expenses to Revenue |
|
28.58% |
19.93% |
40.67% |
46.26% |
15.28% |
41.54% |
96.10% |
43.97% |
141.62% |
67.78% |
61.96% |
Earnings before Interest and Taxes (EBIT) |
|
63 |
106 |
41 |
32 |
191 |
55 |
1.82 |
85 |
-25 |
89 |
116 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
54 |
127 |
66 |
65 |
237 |
6.66 |
-40 |
52 |
-50 |
76 |
120 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.29 |
0.29 |
0.34 |
0.37 |
0.43 |
0.50 |
0.54 |
0.66 |
0.58 |
0.64 |
0.87 |
Price to Tangible Book Value (P/TBV) |
|
0.29 |
0.29 |
0.34 |
0.37 |
0.43 |
0.50 |
0.54 |
0.66 |
0.58 |
0.64 |
0.87 |
Price to Revenue (P/Rev) |
|
2.54 |
1.62 |
3.11 |
3.68 |
1.08 |
3.88 |
9.04 |
4.63 |
9.32 |
2.69 |
3.52 |
Price to Earnings (P/E) |
|
3.78 |
5.60 |
0.00 |
6.48 |
5.21 |
6.41 |
24.46 |
5.58 |
0.00 |
12.24 |
9.14 |
Dividend Yield |
|
46.07% |
38.38% |
29.48% |
25.50% |
20.26% |
16.88% |
13.08% |
13.48% |
19.46% |
16.47% |
13.47% |
Earnings Yield |
|
26.46% |
17.85% |
0.00% |
15.43% |
19.21% |
15.59% |
4.09% |
17.94% |
0.00% |
8.17% |
10.94% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.69 |
0.62 |
0.65 |
0.76 |
0.72 |
0.72 |
0.71 |
0.78 |
0.80 |
0.81 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
20.48 |
10.64 |
17.06 |
29.60 |
5.09 |
13.79 |
28.29 |
13.11 |
44.08 |
10.63 |
12.49 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
33.54 |
11.02 |
17.98 |
27.24 |
4.84 |
193.22 |
0.00 |
37.84 |
0.00 |
38.73 |
31.69 |
Enterprise Value to EBIT (EV/EBIT) |
|
28.67 |
13.29 |
28.75 |
55.09 |
6.01 |
23.59 |
724.91 |
23.39 |
0.00 |
32.98 |
32.83 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
28.67 |
13.29 |
41.07 |
55.09 |
76.34 |
24.28 |
0.00 |
24.01 |
0.00 |
33.15 |
33.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
2.15 |
16.92 |
0.00 |
0.00 |
16.23 |
11.05 |
38.59 |
61.95 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
2.95 |
2.54 |
0.00 |
1.50 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
2.33 |
2.05 |
1.82 |
2.77 |
1.67 |
1.07 |
1.00 |
0.91 |
1.71 |
1.37 |
1.65 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.04 |
0.43 |
0.84 |
0.96 |
0.97 |
0.88 |
1.64 |
1.27 |
1.55 |
Financial Leverage |
|
2.34 |
2.19 |
1.94 |
2.28 |
2.23 |
1.31 |
1.03 |
0.95 |
1.30 |
1.52 |
1.51 |
Leverage Ratio |
|
4.89 |
4.54 |
3.91 |
4.27 |
5.73 |
5.68 |
4.33 |
3.83 |
7.57 |
10.67 |
10.12 |
Compound Leverage Factor |
|
4.66 |
1.78 |
-0.96 |
4.27 |
0.00 |
5.68 |
4.33 |
3.87 |
7.57 |
10.67 |
10.12 |
Debt to Total Capital |
|
69.94% |
67.21% |
64.55% |
73.45% |
62.48% |
51.60% |
50.12% |
47.72% |
63.14% |
57.82% |
62.21% |
Short-Term Debt to Total Capital |
|
69.91% |
67.21% |
63.23% |
62.00% |
31.14% |
5.35% |
1.86% |
1.63% |
2.53% |
4.44% |
3.54% |
Long-Term Debt to Total Capital |
|
0.03% |
0.00% |
1.32% |
11.45% |
31.34% |
46.25% |
48.26% |
46.08% |
60.61% |
53.38% |
58.67% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
6.19% |
6.01% |
8.96% |
6.87% |
9.77% |
7.89% |
Noncontrolling Interests to Total Capital |
|
0.24% |
0.31% |
0.39% |
0.89% |
1.98% |
2.20% |
1.97% |
1.27% |
0.75% |
0.51% |
0.48% |
Common Equity to Total Capital |
|
29.81% |
32.48% |
35.05% |
25.66% |
35.55% |
40.02% |
41.90% |
42.05% |
29.24% |
31.91% |
29.42% |
Debt to EBITDA |
|
34.12 |
11.88 |
17.91 |
26.42 |
4.18 |
139.10 |
-23.38 |
23.09 |
-41.95 |
27.71 |
21.75 |
Net Debt to EBITDA |
|
29.27 |
9.29 |
14.59 |
23.53 |
3.69 |
116.22 |
-18.96 |
19.53 |
-36.76 |
23.99 |
19.83 |
Long-Term Debt to EBITDA |
|
0.01 |
0.00 |
0.37 |
4.12 |
2.10 |
124.69 |
-22.52 |
22.30 |
-40.27 |
25.58 |
20.51 |
Debt to NOPAT |
|
29.17 |
14.33 |
40.91 |
53.44 |
65.87 |
17.48 |
-96.89 |
14.65 |
-119.66 |
23.72 |
22.64 |
Net Debt to NOPAT |
|
25.02 |
11.21 |
33.33 |
47.59 |
58.10 |
14.61 |
-78.58 |
12.39 |
-104.86 |
20.53 |
20.64 |
Long-Term Debt to NOPAT |
|
0.01 |
0.00 |
0.84 |
8.33 |
33.04 |
15.67 |
-93.30 |
14.15 |
-114.86 |
21.90 |
21.35 |
Noncontrolling Interest Sharing Ratio |
|
0.85% |
0.87% |
1.01% |
2.21% |
4.29% |
12.42% |
16.64% |
18.11% |
20.10% |
22.73% |
23.23% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-460 |
476 |
463 |
-488 |
768 |
-155 |
-62 |
-601 |
-799 |
-239 |
-453 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
33,020.00% |
78,108.50% |
2.54% |
1.19% |
-653,670.27% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-46.30 |
67.96 |
33.60 |
-12.81 |
14.70 |
-1.98 |
-1.01 |
-13.66 |
-5.63 |
-0.91 |
-1.62 |
Operating Cash Flow to Interest Expense |
|
-60.86 |
93.50 |
5.05 |
-12.16 |
-9.46 |
1.01 |
1.94 |
1.17 |
0.30 |
-0.92 |
-1.54 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-60.86 |
93.50 |
5.05 |
-12.16 |
-9.46 |
1.01 |
1.94 |
-44.72 |
-25.03 |
-0.92 |
-1.54 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.04 |
0.03 |
0.02 |
0.06 |
0.02 |
0.01 |
0.04 |
0.01 |
0.02 |
0.02 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,624 |
2,254 |
1,819 |
2,339 |
1,586 |
1,795 |
1,847 |
2,531 |
3,312 |
3,640 |
4,210 |
Invested Capital Turnover |
|
0.04 |
0.05 |
0.03 |
0.03 |
0.11 |
0.06 |
0.03 |
0.07 |
0.02 |
0.08 |
0.08 |
Increase / (Decrease) in Invested Capital |
|
523 |
-370 |
-435 |
520 |
-753 |
208 |
53 |
684 |
781 |
328 |
569 |
Enterprise Value (EV) |
|
1,804 |
1,405 |
1,179 |
1,771 |
1,149 |
1,286 |
1,320 |
1,979 |
2,644 |
2,942 |
3,817 |
Market Capitalization |
|
224 |
213 |
215 |
220 |
243 |
362 |
422 |
699 |
559 |
746 |
1,077 |
Book Value per Share |
|
$23.38 |
$21.91 |
$19.60 |
$18.81 |
$18.79 |
$21.27 |
$17.68 |
$18.53 |
$16.03 |
$17.02 |
$13.66 |
Tangible Book Value per Share |
|
$23.38 |
$21.91 |
$19.60 |
$18.81 |
$18.79 |
$21.27 |
$17.68 |
$18.53 |
$16.03 |
$17.02 |
$13.66 |
Total Capital |
|
2,624 |
2,254 |
1,819 |
2,339 |
1,586 |
1,795 |
1,847 |
2,531 |
3,312 |
3,640 |
4,210 |
Total Debt |
|
1,835 |
1,515 |
1,174 |
1,718 |
991 |
926 |
926 |
1,208 |
2,092 |
2,105 |
2,619 |
Total Long-Term Debt |
|
0.77 |
0.00 |
24 |
268 |
497 |
830 |
892 |
1,167 |
2,008 |
1,943 |
2,470 |
Net Debt |
|
1,574 |
1,184 |
957 |
1,530 |
874 |
774 |
751 |
1,021 |
1,833 |
1,822 |
2,388 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.24 |
0.15 |
2,020 |
3,591 |
0.04 |
0.00 |
Net Nonoperating Expense (NNE) |
|
2.96 |
67 |
44 |
-3.82 |
-35 |
-10 |
-38 |
-58 |
53 |
0.86 |
-32 |
Net Nonoperating Obligations (NNO) |
|
1,835 |
1,515 |
1,174 |
1,718 |
991 |
926 |
926 |
1,208 |
2,092 |
2,105 |
2,619 |
Total Depreciation and Amortization (D&A) |
|
-9.13 |
22 |
25 |
33 |
46 |
-48 |
-41 |
-32 |
-25 |
-13 |
4.16 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.09 |
$1.13 |
($0.48) |
$1.04 |
$1.52 |
$1.76 |
$0.00 |
$0.00 |
($1.43) |
$0.89 |
$1.36 |
Adjusted Weighted Average Basic Shares Outstanding |
|
33.45M |
33.05M |
32.24M |
30.55M |
29.75M |
44.07M |
0.00 |
0.00 |
68.25M |
85.10M |
90.68M |
Adjusted Diluted Earnings per Share |
|
$2.09 |
$1.13 |
($0.48) |
$1.04 |
$1.52 |
$1.76 |
$0.00 |
$0.00 |
($1.43) |
$0.00 |
$0.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
33.45M |
33.05M |
32.24M |
30.55M |
29.75M |
44.07M |
0.00 |
0.00 |
68.25M |
85.10M |
90.68M |
Adjusted Basic & Diluted Earnings per Share |
|
$2.09 |
$1.13 |
($0.48) |
$1.04 |
$1.52 |
$1.76 |
$0.00 |
$0.00 |
($1.43) |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
33.45M |
33.05M |
32.24M |
30.55M |
29.75M |
44.07M |
0.00 |
0.00 |
68.25M |
85.10M |
90.68M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
44 |
74 |
29 |
23 |
15 |
56 |
4.00 |
88 |
-13 |
89 |
123 |
Normalized NOPAT Margin |
|
50.00% |
56.05% |
41.53% |
37.62% |
6.67% |
60.48% |
8.57% |
57.96% |
-21.80% |
32.05% |
40.22% |
Pre Tax Income Margin |
|
68.06% |
31.45% |
-14.62% |
53.69% |
0.00% |
58.46% |
3.90% |
56.67% |
-41.62% |
32.22% |
38.04% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
6.34 |
15.10 |
2.97 |
0.84 |
3.66 |
0.69 |
0.03 |
1.92 |
-0.18 |
0.34 |
0.42 |
NOPAT to Interest Expense |
|
6.34 |
15.10 |
2.08 |
0.84 |
0.29 |
0.67 |
-0.16 |
1.87 |
-0.12 |
0.34 |
0.41 |
EBIT Less CapEx to Interest Expense |
|
6.34 |
15.10 |
2.97 |
0.84 |
3.66 |
0.69 |
0.03 |
-43.96 |
-25.50 |
0.34 |
0.42 |
NOPAT Less CapEx to Interest Expense |
|
6.34 |
15.10 |
2.08 |
0.84 |
0.29 |
0.67 |
-0.16 |
-44.01 |
-25.45 |
0.34 |
0.41 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
144.20% |
217.18% |
-414.90% |
160.26% |
101.65% |
85.97% |
229.15% |
60.98% |
-173.65% |
169.82% |
110.42% |
Augmented Payout Ratio |
|
144.20% |
231.85% |
-504.24% |
200.97% |
148.00% |
87.21% |
239.92% |
60.98% |
-175.99% |
183.88% |
110.88% |
Quarterly Metrics And Ratios for Ellington Financial
This table displays calculated financial ratios and metrics derived from Ellington Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-71.51% |
173.89% |
582.15% |
280.26% |
428.67% |
18.99% |
-4.66% |
53.66% |
24.65% |
-14.96% |
11.58% |
EBITDA Growth |
|
-122.13% |
340.53% |
619.74% |
136.27% |
432.22% |
-89.01% |
-22.85% |
188.63% |
12.41% |
564.53% |
1.32% |
EBIT Growth |
|
-122.13% |
340.53% |
619.74% |
136.27% |
432.22% |
-49.21% |
-22.85% |
188.63% |
12.41% |
19.23% |
1.32% |
NOPAT Growth |
|
-114.04% |
323.59% |
842.11% |
151.56% |
567.15% |
-53.57% |
-22.96% |
189.22% |
14.11% |
17.78% |
1.83% |
Net Income Growth |
|
-223.98% |
-30.99% |
788.72% |
117.48% |
143.99% |
-27.92% |
-23.91% |
459.38% |
78.31% |
58.64% |
15.49% |
EPS Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Growth |
|
-175.93% |
-265.01% |
-247.77% |
-189.55% |
-536.68% |
-186.92% |
-22.19% |
-104.38% |
-99.86% |
-78.31% |
-112.57% |
Free Cash Flow Firm Growth |
|
-152.98% |
-10.29% |
36.52% |
92.55% |
77.29% |
58.22% |
74.03% |
-72.53% |
-242.78% |
-76.48% |
-256.47% |
Invested Capital Growth |
|
41.83% |
30.85% |
18.91% |
8.07% |
7.16% |
9.90% |
4.73% |
13.45% |
21.96% |
15.63% |
13.91% |
Revenue Q/Q Growth |
|
130.89% |
599.76% |
11.40% |
-25.13% |
-9.42% |
57.50% |
-10.74% |
20.67% |
-26.52% |
7.45% |
17.12% |
EBITDA Q/Q Growth |
|
90.66% |
874.39% |
24.15% |
-59.62% |
-14.43% |
-74.38% |
771.44% |
51.08% |
-66.67% |
51.46% |
32.87% |
EBIT Q/Q Growth |
|
90.66% |
874.39% |
24.15% |
-59.62% |
-14.43% |
18.39% |
88.59% |
51.08% |
-66.67% |
25.57% |
60.26% |
NOPAT Q/Q Growth |
|
90.66% |
1,300.98% |
14.30% |
-59.80% |
-15.35% |
19.36% |
89.67% |
50.92% |
-66.60% |
23.19% |
63.99% |
Net Income Q/Q Growth |
|
51.62% |
190.18% |
66.92% |
-76.00% |
21.80% |
47.75% |
76.19% |
76.42% |
-61.17% |
31.45% |
28.27% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-123.00% |
-147.13% |
-76.84% |
10.92% |
-63.55% |
-11.37% |
24.69% |
-49.00% |
-59.93% |
0.64% |
10.22% |
Free Cash Flow Firm Q/Q Growth |
|
70.16% |
20.38% |
29.91% |
55.25% |
9.07% |
-46.51% |
56.43% |
-197.23% |
-80.65% |
24.57% |
11.99% |
Invested Capital Q/Q Growth |
|
1.90% |
4.77% |
6.93% |
-5.34% |
1.05% |
7.45% |
1.90% |
2.55% |
8.63% |
1.87% |
0.38% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-42.30% |
46.81% |
52.16% |
28.13% |
26.58% |
4.32% |
42.21% |
52.85% |
23.97% |
33.78% |
38.33% |
EBIT Margin |
|
-42.30% |
46.81% |
52.16% |
28.13% |
26.58% |
19.98% |
42.21% |
52.85% |
23.97% |
28.01% |
38.33% |
Profit (Net Income) Margin |
|
-292.51% |
37.70% |
56.48% |
18.10% |
24.34% |
22.84% |
45.08% |
65.90% |
34.82% |
42.60% |
46.65% |
Tax Burden Percent |
|
691.58% |
80.54% |
108.28% |
64.34% |
91.58% |
114.30% |
106.79% |
124.70% |
145.28% |
152.08% |
127.16% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
95.72% |
Effective Tax Rate |
|
0.00% |
-8.56% |
0.05% |
0.50% |
1.57% |
0.76% |
0.19% |
0.29% |
0.07% |
1.97% |
-0.31% |
Return on Invested Capital (ROIC) |
|
-0.16% |
1.04% |
2.04% |
1.91% |
2.10% |
1.58% |
3.17% |
4.49% |
2.03% |
2.14% |
3.05% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-1.88% |
0.48% |
2.22% |
1.60% |
2.06% |
1.70% |
3.28% |
5.06% |
2.35% |
2.60% |
3.34% |
Return on Net Nonoperating Assets (RNNOA) |
|
-2.57% |
0.62% |
3.15% |
2.41% |
3.29% |
2.59% |
4.84% |
7.35% |
3.61% |
3.93% |
4.96% |
Return on Equity (ROE) |
|
-2.73% |
1.66% |
5.19% |
4.32% |
5.40% |
4.17% |
8.02% |
11.84% |
5.64% |
6.07% |
8.01% |
Cash Return on Invested Capital (CROIC) |
|
-35.89% |
-27.33% |
-16.20% |
-4.97% |
-3.61% |
-6.88% |
-2.43% |
-9.51% |
-16.79% |
-11.55% |
-10.11% |
Operating Return on Assets (OROA) |
|
-0.12% |
0.29% |
0.67% |
0.60% |
0.67% |
0.38% |
0.79% |
1.10% |
0.50% |
0.54% |
0.76% |
Return on Assets (ROA) |
|
-0.81% |
0.23% |
0.72% |
0.39% |
0.62% |
0.43% |
0.84% |
1.37% |
0.73% |
0.82% |
0.92% |
Return on Common Equity (ROCE) |
|
-2.26% |
1.33% |
4.02% |
3.31% |
4.11% |
3.22% |
6.03% |
8.91% |
4.26% |
4.66% |
6.18% |
Return on Equity Simple (ROE_SIMPLE) |
|
-5.09% |
0.00% |
-1.45% |
3.98% |
7.26% |
0.00% |
5.03% |
8.15% |
8.51% |
0.00% |
9.50% |
Net Operating Profit after Tax (NOPAT) |
|
-3.01 |
36 |
41 |
17 |
14 |
17 |
32 |
48 |
16 |
20 |
32 |
NOPAT Margin |
|
-29.61% |
50.81% |
52.14% |
27.99% |
26.16% |
19.83% |
42.13% |
52.69% |
23.95% |
27.46% |
38.45% |
Net Nonoperating Expense Percent (NNEP) |
|
1.72% |
0.57% |
-0.18% |
0.30% |
0.05% |
-0.12% |
-0.10% |
-0.57% |
-0.32% |
-0.46% |
-0.29% |
SG&A Expenses to Revenue |
|
18.47% |
21.65% |
18.99% |
26.19% |
27.31% |
39.20% |
19.38% |
17.94% |
28.35% |
26.05% |
20.10% |
Operating Expenses to Revenue |
|
142.30% |
53.19% |
47.84% |
71.87% |
73.42% |
80.02% |
57.79% |
47.15% |
76.03% |
71.99% |
61.67% |
Earnings before Interest and Taxes (EBIT) |
|
-4.30 |
33 |
41 |
17 |
14 |
17 |
32 |
48 |
16 |
20 |
32 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-4.30 |
33 |
41 |
17 |
14 |
3.66 |
32 |
48 |
16 |
24 |
32 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.57 |
0.58 |
0.68 |
0.80 |
0.74 |
0.64 |
0.75 |
0.85 |
0.89 |
0.87 |
0.93 |
Price to Tangible Book Value (P/TBV) |
|
0.57 |
0.58 |
0.68 |
0.80 |
0.74 |
0.64 |
0.75 |
0.85 |
0.89 |
0.87 |
0.93 |
Price to Revenue (P/Rev) |
|
35.66 |
9.32 |
5.43 |
3.63 |
2.78 |
2.69 |
3.22 |
3.33 |
3.48 |
3.52 |
3.79 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
25.54 |
10.31 |
12.24 |
17.97 |
10.34 |
10.27 |
9.14 |
9.71 |
Dividend Yield |
|
20.40% |
19.46% |
17.72% |
15.14% |
16.69% |
16.47% |
17.24% |
14.38% |
13.01% |
13.47% |
11.88% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
3.92% |
9.70% |
8.17% |
5.57% |
9.67% |
9.73% |
10.94% |
10.29% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.79 |
0.80 |
0.85 |
0.87 |
0.86 |
0.81 |
0.86 |
0.89 |
0.91 |
0.91 |
0.92 |
Enterprise Value to Revenue (EV/Rev) |
|
168.54 |
44.08 |
23.47 |
13.30 |
11.07 |
10.63 |
11.71 |
11.14 |
11.77 |
12.49 |
12.32 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
123.20 |
33.60 |
27.62 |
38.73 |
48.10 |
30.54 |
33.14 |
31.69 |
32.05 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
123.20 |
33.60 |
27.62 |
32.98 |
40.11 |
30.54 |
33.14 |
32.83 |
33.19 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
85.46 |
32.54 |
26.98 |
33.15 |
40.36 |
30.69 |
33.24 |
33.00 |
33.72 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
39.91 |
61.95 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.68 |
1.71 |
1.58 |
1.49 |
1.53 |
1.37 |
1.39 |
1.42 |
1.54 |
1.65 |
1.58 |
Long-Term Debt to Equity |
|
1.58 |
1.64 |
1.52 |
1.41 |
1.42 |
1.27 |
1.30 |
1.32 |
1.46 |
1.55 |
1.49 |
Financial Leverage |
|
1.37 |
1.30 |
1.42 |
1.50 |
1.60 |
1.52 |
1.48 |
1.45 |
1.54 |
1.51 |
1.49 |
Leverage Ratio |
|
4.73 |
7.57 |
7.39 |
7.94 |
8.26 |
10.67 |
9.99 |
10.07 |
10.26 |
10.12 |
9.96 |
Compound Leverage Factor |
|
4.73 |
7.57 |
7.39 |
7.94 |
8.26 |
10.67 |
9.99 |
10.07 |
10.26 |
10.12 |
9.53 |
Debt to Total Capital |
|
62.66% |
63.14% |
61.19% |
59.90% |
60.53% |
57.82% |
58.13% |
58.63% |
60.66% |
62.21% |
61.24% |
Short-Term Debt to Total Capital |
|
3.51% |
2.53% |
2.37% |
3.21% |
4.58% |
4.44% |
3.65% |
4.15% |
3.14% |
3.54% |
3.44% |
Long-Term Debt to Total Capital |
|
59.15% |
60.61% |
58.82% |
56.69% |
55.94% |
53.38% |
54.48% |
54.47% |
57.52% |
58.67% |
57.80% |
Preferred Equity to Total Capital |
|
7.19% |
6.87% |
9.14% |
9.66% |
9.56% |
9.77% |
9.58% |
9.35% |
8.60% |
7.89% |
7.86% |
Noncontrolling Interests to Total Capital |
|
0.80% |
0.75% |
0.70% |
0.66% |
0.71% |
0.51% |
0.53% |
0.55% |
0.45% |
0.48% |
0.55% |
Common Equity to Total Capital |
|
29.35% |
29.24% |
28.96% |
29.78% |
29.21% |
31.91% |
31.75% |
31.47% |
30.29% |
29.42% |
30.35% |
Debt to EBITDA |
|
-39.07 |
-41.95 |
89.15 |
23.08 |
19.42 |
27.71 |
32.42 |
20.05 |
22.18 |
21.75 |
21.41 |
Net Debt to EBITDA |
|
-33.90 |
-36.76 |
80.33 |
20.44 |
17.38 |
23.99 |
29.25 |
18.01 |
20.02 |
19.83 |
19.26 |
Long-Term Debt to EBITDA |
|
-36.88 |
-40.27 |
85.70 |
21.84 |
17.95 |
25.58 |
30.38 |
18.63 |
21.03 |
20.51 |
20.21 |
Debt to NOPAT |
|
-56.91 |
-119.66 |
61.84 |
22.35 |
18.97 |
23.72 |
27.20 |
20.15 |
22.25 |
22.64 |
22.53 |
Net Debt to NOPAT |
|
-49.37 |
-104.86 |
55.72 |
19.80 |
16.98 |
20.53 |
24.54 |
18.10 |
20.08 |
20.64 |
20.26 |
Long-Term Debt to NOPAT |
|
-53.72 |
-114.86 |
59.45 |
21.16 |
17.53 |
21.90 |
25.50 |
18.72 |
21.09 |
21.35 |
21.26 |
Noncontrolling Interest Sharing Ratio |
|
17.39% |
20.10% |
22.43% |
23.25% |
23.85% |
22.73% |
24.73% |
24.76% |
24.36% |
23.23% |
22.90% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-936 |
-745 |
-522 |
-234 |
-212 |
-311 |
-136 |
-403 |
-728 |
-549 |
-483 |
Operating Cash Flow to CapEx |
|
-17,959.68% |
-0.77% |
-7.20% |
-5.58% |
-8.56% |
0.00% |
-6.57% |
-10.01% |
-11.11% |
0.00% |
-9.40% |
Free Cash Flow to Firm to Interest Expense |
|
-22.23 |
-12.49 |
-8.76 |
-3.68 |
-3.09 |
-4.40 |
-1.92 |
-6.03 |
-9.89 |
-8.01 |
-6.65 |
Operating Cash Flow to Interest Expense |
|
-0.26 |
-0.46 |
-0.82 |
-0.68 |
-1.03 |
-1.12 |
-0.84 |
-1.32 |
-1.92 |
-2.05 |
-1.74 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-0.27 |
-60.65 |
-12.15 |
-12.93 |
-13.09 |
31.14 |
-13.69 |
-14.56 |
-19.24 |
42.63 |
-20.25 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.01 |
0.01 |
0.02 |
0.03 |
0.02 |
0.02 |
0.02 |
0.02 |
0.02 |
0.02 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,162 |
3,312 |
3,542 |
3,353 |
3,388 |
3,640 |
3,710 |
3,804 |
4,132 |
4,210 |
4,225 |
Invested Capital Turnover |
|
0.01 |
0.02 |
0.04 |
0.07 |
0.08 |
0.08 |
0.08 |
0.09 |
0.08 |
0.08 |
0.08 |
Increase / (Decrease) in Invested Capital |
|
933 |
781 |
563 |
250 |
226 |
328 |
167 |
451 |
744 |
569 |
516 |
Enterprise Value (EV) |
|
2,501 |
2,644 |
2,995 |
2,923 |
2,917 |
2,942 |
3,199 |
3,397 |
3,745 |
3,817 |
3,873 |
Market Capitalization |
|
529 |
559 |
693 |
798 |
733 |
746 |
879 |
1,017 |
1,109 |
1,077 |
1,191 |
Book Value per Share |
|
$15.48 |
$16.03 |
$15.03 |
$14.87 |
$14.55 |
$17.02 |
$13.84 |
$14.08 |
$14.40 |
$13.66 |
$14.14 |
Tangible Book Value per Share |
|
$15.48 |
$16.03 |
$15.03 |
$14.87 |
$14.55 |
$17.02 |
$13.84 |
$14.08 |
$14.40 |
$13.66 |
$14.14 |
Total Capital |
|
3,162 |
3,312 |
3,542 |
3,353 |
3,388 |
3,640 |
3,710 |
3,804 |
4,132 |
4,210 |
4,225 |
Total Debt |
|
1,981 |
2,092 |
2,167 |
2,008 |
2,051 |
2,105 |
2,156 |
2,230 |
2,507 |
2,619 |
2,588 |
Total Long-Term Debt |
|
1,870 |
2,008 |
2,084 |
1,901 |
1,895 |
1,943 |
2,021 |
2,072 |
2,377 |
2,470 |
2,442 |
Net Debt |
|
1,719 |
1,833 |
1,953 |
1,779 |
1,836 |
1,822 |
1,945 |
2,003 |
2,262 |
2,388 |
2,327 |
Capital Expenditures (CapEx) |
|
0.06 |
3,591 |
676 |
777 |
828 |
-2,281 |
905 |
885 |
1,275 |
-3,066 |
1,345 |
Net Nonoperating Expense (NNE) |
|
27 |
9.33 |
-3.44 |
5.87 |
0.98 |
-2.55 |
-2.23 |
-12 |
-7.28 |
-11 |
-6.92 |
Net Nonoperating Obligations (NNO) |
|
1,981 |
2,092 |
2,167 |
2,008 |
2,051 |
2,105 |
2,156 |
2,230 |
2,507 |
2,619 |
2,588 |
Total Depreciation and Amortization (D&A) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-13 |
0.00 |
0.00 |
0.00 |
4.16 |
0.00 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.55) |
$0.37 |
$0.58 |
$0.04 |
$0.10 |
$0.17 |
$0.32 |
$0.62 |
$0.19 |
$0.23 |
$0.35 |
Adjusted Weighted Average Basic Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Adjusted Diluted Earnings per Share |
|
($0.55) |
$0.00 |
$0.58 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Adjusted Basic & Diluted Earnings per Share |
|
($0.55) |
$0.00 |
$0.58 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
60.44M |
68.25M |
67.16M |
68.02M |
68.23M |
85.10M |
85.04M |
86.93M |
90.66M |
90.68M |
94.51M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-1.65 |
21 |
41 |
17 |
14 |
17 |
35 |
48 |
18 |
22 |
23 |
Normalized NOPAT Margin |
|
-16.24% |
29.21% |
52.14% |
27.99% |
26.16% |
19.83% |
46.24% |
52.69% |
26.92% |
30.47% |
26.83% |
Pre Tax Income Margin |
|
-42.30% |
46.81% |
52.16% |
28.13% |
26.58% |
19.98% |
42.21% |
52.85% |
23.97% |
28.01% |
36.69% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-0.10 |
0.56 |
0.69 |
0.26 |
0.21 |
0.24 |
0.45 |
0.72 |
0.22 |
0.29 |
0.44 |
NOPAT to Interest Expense |
|
-0.07 |
0.61 |
0.69 |
0.26 |
0.20 |
0.24 |
0.45 |
0.72 |
0.22 |
0.29 |
0.45 |
EBIT Less CapEx to Interest Expense |
|
-0.10 |
-59.63 |
-10.64 |
-11.98 |
-11.85 |
32.50 |
-12.40 |
-12.51 |
-17.10 |
44.97 |
-18.07 |
NOPAT Less CapEx to Interest Expense |
|
-0.07 |
-59.59 |
-10.64 |
-11.98 |
-11.85 |
32.50 |
-12.40 |
-12.52 |
-17.10 |
44.97 |
-18.07 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-201.76% |
-173.65% |
-652.16% |
253.45% |
145.55% |
169.82% |
201.10% |
125.77% |
119.34% |
110.42% |
108.52% |
Augmented Payout Ratio |
|
-204.58% |
-175.99% |
-722.15% |
277.88% |
158.50% |
183.88% |
202.14% |
126.31% |
119.84% |
110.88% |
108.63% |
Key Financial Trends
Ellington Financial Inc. (NYSE: EFC) has demonstrated notable growth and resilience over the last four years, as reflected in its recent financial statements through Q1 2025.
The company’s net income has shown a generally upward trajectory, increasing from a loss of -$64.9 million attributable to common shareholders in Q2 2022 to a positive net income of approximately $31.6 million in Q1 2025. This reflects improved profitability driven by higher interest income and capital gains.
Revenue and Income Trends:
- Total interest income steadily increased from $62.7 million in Q2 2022 to $115.9 million in Q1 2025, reflecting growth in investment earnings.
- Net realized and unrealized capital gains on investments recovered significantly from negative values in early 2022 to positive gains exceeding $16 million in Q1 2025, contributing to higher non-interest income.
- Net interest income improved from about $24.7 million in Q2 2022 to $43.3 million in Q1 2025, aided by increased interest income and controlled interest expenses.
- Non-interest expenses have fluctuated but remained relatively steady, around $37 million to $52 million recently, signaling consistent operating costs.
Profitability and Earnings Per Share (EPS):
- Basic earnings per share rose from negative $1.08 in Q2 2022 to $0.35 in Q1 2025 on a gradually increasing share count, evidencing improved shareholder value.
- The company maintained steady dividend payments, with common cash dividends per share consistently at around $0.39 to $0.45, suggesting healthy cash flow to support dividends.
Cash Flow and Liquidity:
- Net cash from continuing operating activities rebounded strongly from negative values in 2022 to a positive $56 million in Q1 2025, showing improving core business cash generation.
- Net cash from investing activities remained negative due to purchases of investment securities exceeding sales, reflecting ongoing portfolio growth and asset management strategy.
- Financing activities net cash fluctuated, with significant debt issuances and repayments offsetting each other, reflecting active capital management.
- Overall, the company ended Q1 2025 with $203.3 million in cash and equivalents, up slightly quarter-over-quarter, supporting operational liquidity.
Balance Sheet Highlights:
- Total assets increased steadily from approximately $6.3 billion in Q3 2022 to $16.6 billion in Q1 2025, driven by growth in trading account securities and other assets.
- Total liabilities have similarly increased, reflecting leveraged growth but remain proportionate to asset expansion.
- Total equity, including preferred and common equity, grew from about $1.15 billion in Q3 2022 to $1.63 billion in Q1 2025, indicating strengthened capitalization.
Summary:
Ellington Financial's financial statements over the past four years indicate a consistent turnaround from losses in 2022 to profitability and positive cash flow in 2025. Key drivers include increased interest income, improved capital gains, controlled expenses, and prudent management of financing activities. The balance sheet expansion and steadier equity base confirm growth with a sustainable capital structure. Continued dividend payouts and improving EPS support favorable shareholder returns. Investors may view these trends as a positive signal of Ellington Financial's operational recovery and financial strength.
10/20/25 10:21 PM ETAI Generated. May Contain Errors.