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Ellington Financial (EFC) Financials

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$12.99 +0.01 (+0.08%)
As of 03:58 PM Eastern
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Annual Income Statements for Ellington Financial

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 59 38 -16 34 47 56 17 125 -85 61 118
Consolidated Net Income / (Loss)		 60 38 -16 36 50 63 28 141 -71 88 148
Net Income / (Loss) Continuing Operations		 60 42 -10 32 170 63 28 140 -71 88 148
Total Pre-Tax Income 		60 42 -10 32 0.00 55 1.82 86 -25 89 116
Total Revenue		 88 132 69 60 225 93 47 151 60 277 306
Net Interest Income / (Expense)		 84 98 66 56 214 81 112 131 140 108 136
Total Interest Income		 94 105 80 94 266 160 174 176 282 370 416
Investment Securities Interest Income		 94 105 80 94 266 160 174 176 282 370 416
Total Interest Expense		 9.93 7.00 14 38 52 78 62 44 142 262 280
Long-Term Debt Interest Expense		 - - - - 57 - 62 - 142 262 280
Total Non-Interest Income		 4.16 34 2.73 3.92 0.00 12 -65 20 -80 169 169
Other Service Charges		 - - - - 4.01 5.35 7.02 7.19 5.38 41 29
Net Realized & Unrealized Capital Gains on Investments		 4.16 34 2.73 3.92 7.61 6.49 -72 12 -86 128 141
Total Non-Interest Expense		 25 26 28 28 34 39 45 66 85 188 189
Salaries and Employee Benefits		 1.45 1.90 2.50 2.59 2.65 3.65 3.78 6.71 21 78 69
Other Operating Expenses		 22 24 26 25 31 31 37 39 58 109 113
Other Special Charges		 - - - - - 3.54 3.89 5.29 6.29 0.00 7.31
Income Tax Expense		 - - - - 0.00 1.56 11 3.14 -18 0.46 0.61
Other Gains / (Losses), net		 - - - - 0.00 10 38 58 -64 -0.86 32
Preferred Stock Dividends Declared		 - - - - 0.00 1.47 7.76 8.12 15 23 28
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.78 0.34 0.31 1.98 3.24 5.24 3.37 7.09 -0.82 3.81 2.24
Basic Earnings per Share		 $2.09 $1.13 ($0.48) $1.04 $1.52 $1.76 $0.39 $2.58 ($1.43) $0.89 $1.36
Weighted Average Basic Shares Outstanding		 27.96M 33.70M 32.24M 30.55M 30.70M 44.07M 43.78M 57.48M 68.25M 85.10M 90.68M
Weighted Average Diluted Shares Outstanding		 27.96M 33.70M 32.24M 30.55M 30.70M 44.07M 43.78M 57.48M 68.25M 85.10M 90.68M
Weighted Average Basic & Diluted Shares Outstanding		 27.96M 33.70M 32.24M 30.55M 30.70M 44.07M 43.78M 57.48M 68.25M 85.10M 90.68M
Cash Dividends to Common per Share		 - $2.45 $1.95 $1.76 $1.64 $1.81 $1.26 $1.64 - - $1,600.00

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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 (NYSE:EFC) delivered solid year-over-year growth in Q1 2025, driven by higher interest rates and improved leverage metrics. While profitability and dividend yield remain attractive, cash flow challenges and sustained negative free cash flow warrant attention.

  • Total revenue rose 11.6% year-over-year to $84.3 million in Q1 2025, reflecting improving interest income and capital gains.
  • Net income from continuing operations increased 15.5% YoY to $39.3 million, driving diluted EPS of $0.35.
  • Debt to EBITDA multiple improved to 21.4× from 32.4× a year ago, indicating enhanced coverage of debt by earnings.
  • Net debt to EBITDA multiple fell to 19.3× from 29.3×, reflecting better leverage and balance-sheet strength.
  • Dividend yield remains attractive at approximately 11.9%, supporting income-oriented investors.
  • Adjusted EPS held steady at $0.35, matching the prior year’s quarter.
  • Net interest income grew 13.5% YoY to $43.3 million, benefiting from higher rates and portfolio positioning.
  • Sequential (Q/Q) growth showed modest gains across revenue, EBIT, and invested capital.
  • Free cash flow to firm remained deeply negative at –$483 million, driven by heavy investment activity.
  • Operating cash flow declined by 1.1% YoY, reflecting timing of non-cash adjustments and asset sales.
06/30/25 05:23 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Ellington Financial's Financials

When does Ellington Financial's fiscal year end?

According to the most recent income statement we have on file, Ellington Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ellington Financial's net income changed over the last 10 years?

Ellington Financial's net income appears to be on an upward trend, with a most recent value of $148.10 million in 2024, rising from $59.95 million in 2014. The previous period was $87.90 million in 2023. View Ellington Financial's forecast to see where analysts expect Ellington Financial to go next.

How has Ellington Financial's revenue changed over the last 10 years?

Over the last 10 years, Ellington Financial's total revenue changed from $88.09 million in 2014 to $305.65 million in 2024, a change of 247.0%.

How much debt does Ellington Financial have?

Ellington Financial's total liabilities were at $14.73 billion at the end of 2024, a 6.9% increase from 2023, and a 366.5% increase since 2014.

How much cash does Ellington Financial have?

In the past 10 years, Ellington Financial's cash and equivalents has ranged from $44.66 million in 2018 to $228.93 million in 2023, and is currently $192.39 million as of their latest financial filing in 2024.

How has Ellington Financial's book value per share changed over the last 10 years?

Over the last 10 years, Ellington Financial's book value per share changed from 23.38 in 2014 to 13.66 in 2024, a change of -41.6%.


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This page (NYSE:EFC) was last updated on 6/30/2025 by MarketBeat.com Staff
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