Annual Income Statements for MFA Financial
This table shows MFA Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for MFA Financial
This table shows MFA 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 |
|
-63 |
-1.51 |
65 |
-34 |
-65 |
82 |
15 |
34 |
40 |
-2.31 |
33 |
Consolidated Net Income / (Loss) |
|
-55 |
6.71 |
73 |
-26 |
-56 |
90 |
23 |
42 |
48 |
5.91 |
41 |
Net Income / (Loss) Continuing Operations |
|
-55 |
6.71 |
73 |
-26 |
-56 |
90 |
23 |
42 |
48 |
5.91 |
41 |
Total Pre-Tax Income |
|
-55 |
5.86 |
73 |
-26 |
-56 |
90 |
24 |
42 |
50 |
4.49 |
40 |
Total Revenue |
|
-16 |
33 |
111 |
16 |
-12 |
116 |
69 |
84 |
93 |
39 |
84 |
Net Interest Income / (Expense) |
|
52 |
56 |
39 |
45 |
46 |
46 |
48 |
53 |
51 |
51 |
58 |
Total Interest Income |
|
124 |
143 |
132 |
144 |
159 |
170 |
177 |
187 |
182 |
178 |
181 |
Loans and Leases Interest Income |
|
114 |
125 |
120 |
128 |
141 |
150 |
158 |
166 |
157 |
153 |
151 |
Investment Securities Interest Income |
|
7.83 |
15 |
9.66 |
13 |
15 |
15 |
14 |
15 |
19 |
20 |
25 |
Deposits and Money Market Investments Interest Income |
|
1.63 |
2.78 |
3.04 |
3.73 |
4.10 |
5.45 |
5.01 |
6.31 |
5.83 |
5.10 |
4.13 |
Total Interest Expense |
|
72 |
87 |
93 |
100 |
113 |
123 |
129 |
133 |
131 |
128 |
123 |
Other Interest Expense |
|
68 |
99 |
89 |
100 |
113 |
127 |
129 |
133 |
131 |
133 |
123 |
Total Non-Interest Income |
|
-68 |
-23 |
71 |
-29 |
-59 |
70 |
21 |
31 |
42 |
-12 |
26 |
Other Service Charges |
|
14 |
-36 |
12 |
17 |
1.42 |
-19 |
1.88 |
8.94 |
-3.13 |
-15 |
-1.45 |
Net Realized & Unrealized Capital Gains on Investments |
|
-82 |
-33 |
59 |
-46 |
-72 |
58 |
12 |
22 |
36 |
-21 |
22 |
Other Non-Interest Income |
|
- |
- |
- |
- |
12 |
- |
7.93 |
- |
8.92 |
- |
5.44 |
Provision for Credit Losses |
|
0.59 |
-1.54 |
-0.01 |
0.00 |
0.00 |
-8.84 |
0.65 |
0.03 |
0.00 |
-2.62 |
0.15 |
Total Non-Interest Expense |
|
43 |
34 |
42 |
42 |
44 |
40 |
45 |
42 |
43 |
39 |
42 |
Salaries and Employee Benefits |
|
21 |
17 |
21 |
22 |
24 |
19 |
25 |
22 |
22 |
18 |
23 |
Other Operating Expenses |
|
20 |
16 |
20 |
19 |
19 |
20 |
19 |
20 |
20 |
20 |
18 |
Amortization Expense |
|
1.30 |
1.30 |
1.30 |
1.30 |
0.80 |
0.80 |
0.80 |
0.80 |
0.80 |
0.80 |
0.80 |
Nonoperating Income / (Expense), net |
|
3.86 |
5.60 |
3.94 |
- |
- |
- |
0.99 |
- |
- |
- |
-1.51 |
Income Tax Expense |
|
- |
- |
- |
-0.36 |
0.09 |
- |
1.05 |
0.35 |
1.52 |
- |
-0.87 |
Preferred Stock Dividends Declared |
|
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
8.22 |
Basic Earnings per Share |
|
($0.62) |
($0.01) |
$0.63 |
($0.34) |
($0.64) |
$0.80 |
$0.14 |
$0.32 |
$0.38 |
($0.01) |
$0.32 |
Weighted Average Basic Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Diluted Earnings per Share |
|
($0.62) |
($0.01) |
$0.62 |
($0.34) |
($0.64) |
$0.80 |
$0.14 |
$0.32 |
$0.37 |
($0.01) |
$0.31 |
Weighted Average Diluted Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Weighted Average Basic & Diluted Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Cash Dividends to Common per Share |
|
$0.44 |
$0.52 |
$0.35 |
$0.35 |
$0.35 |
$0.43 |
$0.35 |
$0.35 |
$0.35 |
- |
$0.36 |
Annual Cash Flow Statements for MFA Financial
This table details how cash moves in and out of MFA 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 |
|
-383 |
-17 |
82 |
145 |
-375 |
46 |
687 |
-417 |
90 |
-5.87 |
113 |
Net Cash From Operating Activities |
|
256 |
278 |
179 |
177 |
148 |
216 |
38 |
138 |
355 |
109 |
200 |
Net Cash From Continuing Operating Activities |
|
256 |
278 |
179 |
177 |
148 |
216 |
38 |
138 |
355 |
109 |
200 |
Net Income / (Loss) Continuing Operations |
|
314 |
313 |
313 |
322 |
302 |
378 |
-679 |
329 |
-232 |
80 |
119 |
Consolidated Net Income / (Loss) |
|
314 |
313 |
313 |
322 |
302 |
378 |
-679 |
329 |
-232 |
80 |
119 |
Provision For Loan Losses |
|
- |
- |
- |
- |
0.77 |
- |
- |
-48 |
26 |
-6.85 |
-1.95 |
Amortization Expense |
|
32 |
42 |
37 |
30 |
29 |
-25 |
11 |
-59 |
-27 |
-19 |
-5.49 |
Non-Cash Adjustments to Reconcile Net Income |
|
-118 |
-128 |
-153 |
-194 |
-158 |
-121 |
718 |
-91 |
575 |
72 |
72 |
Changes in Operating Assets and Liabilities, net |
|
27 |
51 |
-18 |
16 |
-26 |
-16 |
-11 |
7.57 |
13 |
-18 |
17 |
Net Cash From Investing Activities |
|
451 |
554 |
935 |
1,816 |
-2,158 |
-1,135 |
6,384 |
-2,185 |
-1,116 |
-1,550 |
-425 |
Net Cash From Continuing Investing Activities |
|
451 |
554 |
935 |
1,816 |
-2,158 |
-1,135 |
6,384 |
-2,185 |
-1,116 |
-1,550 |
-425 |
Purchase of Investment Securities |
|
-1,619 |
-2,489 |
-2,680 |
-2,669 |
-5,660 |
-5,600 |
-1,641 |
-4,548 |
-3,197 |
-3,515 |
-3,497 |
Sale and/or Maturity of Investments |
|
2,070 |
3,039 |
3,581 |
4,410 |
3,395 |
4,487 |
8,040 |
2,357 |
2,082 |
1,965 |
3,072 |
Net Cash From Financing Activities |
|
-1,090 |
-850 |
-1,032 |
-1,848 |
1,635 |
965 |
-5,735 |
1,630 |
850 |
1,435 |
338 |
Net Cash From Continuing Financing Activities |
|
-1,090 |
-850 |
-1,032 |
-1,848 |
1,635 |
965 |
-5,735 |
1,630 |
850 |
1,435 |
338 |
Issuance of Debt |
|
- |
0.00 |
0.00 |
383 |
68,747 |
68,947 |
3,803 |
5,715 |
6,308 |
6,552 |
6,073 |
Issuance of Common Equity |
|
36 |
1.22 |
4.66 |
197 |
392 |
12 |
21 |
1.83 |
1.18 |
-0.01 |
-0.08 |
Repayment of Debt |
|
-254 |
-88 |
-22 |
-17 |
- |
-114 |
0.00 |
-107 |
-16 |
-33 |
-217 |
Repurchase of Common Equity |
|
- |
- |
- |
- |
0.00 |
0.00 |
-84 |
-86 |
-102 |
0.00 |
-1.49 |
Payment of Dividends |
|
-310 |
-312 |
-313 |
-324 |
-345 |
-377 |
-143 |
-189 |
-217 |
-176 |
-177 |
Other Financing Activities, Net |
|
-562 |
-450 |
-702 |
-2,088 |
-67,160 |
-67,504 |
-9,598 |
-3,705 |
-5,123 |
-4,909 |
-5,340 |
Cash Interest Paid |
|
161 |
173 |
195 |
198 |
233 |
330 |
254 |
117 |
239 |
418 |
516 |
Quarterly Cash Flow Statements for MFA Financial
This table details how cash moves in and out of MFA 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 |
|
56 |
-107 |
34 |
-24 |
-50 |
35 |
41 |
12 |
-39 |
98 |
-128 |
Net Cash From Operating Activities |
|
136 |
6.70 |
-7.34 |
72 |
40 |
3.82 |
53 |
46 |
-11 |
111 |
-15 |
Net Cash From Continuing Operating Activities |
|
136 |
6.70 |
-7.34 |
72 |
40 |
3.82 |
53 |
46 |
-11 |
111 |
-15 |
Net Income / (Loss) Continuing Operations |
|
-55 |
6.71 |
73 |
-26 |
-56 |
90 |
23 |
42 |
48 |
5.91 |
41 |
Consolidated Net Income / (Loss) |
|
-55 |
6.71 |
73 |
-26 |
-56 |
90 |
23 |
42 |
48 |
5.91 |
41 |
Provision For Loan Losses |
|
0.24 |
-0.27 |
-0.00 |
0.29 |
1.07 |
-8.21 |
0.65 |
-1.05 |
-1.94 |
0.40 |
0.15 |
Amortization Expense |
|
-5.21 |
-15 |
-4.51 |
-5.83 |
-4.31 |
-4.32 |
-3.33 |
-3.51 |
0.58 |
0.77 |
0.74 |
Non-Cash Adjustments to Reconcile Net Income |
|
196 |
58 |
-67 |
131 |
141 |
-132 |
20 |
14 |
-34 |
71 |
-83 |
Changes in Operating Assets and Liabilities, net |
|
0.58 |
-43 |
-8.54 |
-27 |
-42 |
59 |
12 |
-4.47 |
-24 |
33 |
26 |
Net Cash From Investing Activities |
|
-278 |
-88 |
-147 |
-545 |
-548 |
-309 |
-91 |
-181 |
90 |
-242 |
-252 |
Net Cash From Continuing Investing Activities |
|
-278 |
-88 |
-147 |
-545 |
-548 |
-309 |
-91 |
-181 |
90 |
-242 |
-252 |
Purchase of Investment Securities |
|
-724 |
-509 |
-772 |
-960 |
-968 |
-815 |
-678 |
-869 |
-813 |
-1,137 |
-970 |
Sale and/or Maturity of Investments |
|
447 |
420 |
624 |
415 |
420 |
505 |
586 |
688 |
903 |
895 |
719 |
Net Cash From Financing Activities |
|
197 |
-26 |
188 |
448 |
459 |
340 |
79 |
147 |
-117 |
229 |
138 |
Net Cash From Continuing Financing Activities |
|
197 |
-26 |
188 |
448 |
459 |
340 |
79 |
147 |
-117 |
229 |
138 |
Issuance of Debt |
|
-642 |
3,059 |
1,419 |
1,494 |
1,735 |
1,904 |
1,032 |
1,581 |
1,435 |
2,024 |
1,040 |
Issuance of Common Equity |
|
0.03 |
0.03 |
0.02 |
0.02 |
-0.02 |
-0.02 |
-0.02 |
-0.02 |
-0.02 |
-0.02 |
-0.02 |
Repayment of Debt |
|
1,271 |
-16 |
-4.60 |
-2.07 |
-14 |
-13 |
-41 |
-173 |
-0.87 |
-2.40 |
-2.15 |
Repurchase of Common Equity |
|
- |
- |
0.00 |
- |
- |
- |
-1.49 |
- |
- |
- |
-5.19 |
Payment of Dividends |
|
-53 |
-53 |
-44 |
-44 |
-44 |
-44 |
-44 |
-44 |
-44 |
-44 |
-44 |
Other Financing Activities, Net |
|
-379 |
-3,016 |
-1,182 |
-1,000 |
-1,219 |
-1,507 |
-866 |
-1,217 |
-1,507 |
-1,749 |
-851 |
Cash Interest Paid |
|
62 |
87 |
87 |
102 |
105 |
124 |
123 |
136 |
131 |
127 |
123 |
Annual Balance Sheets for MFA Financial
This table presents MFA 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 |
|
12,355 |
13,163 |
12,484 |
10,955 |
12,420 |
13,568 |
6,932 |
9,140 |
9,112 |
10,773 |
11,410 |
Cash and Due from Banks |
|
182 |
165 |
260 |
450 |
52 |
71 |
814 |
305 |
334 |
318 |
339 |
Restricted Cash |
|
67 |
72 |
58 |
14 |
37 |
64 |
7.17 |
100 |
160 |
170 |
262 |
Trading Account Securities |
|
11,626 |
12,759 |
11,744 |
9,257 |
11,192 |
11,434 |
400 |
257 |
333 |
746 |
1,538 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-3.03 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Mortgage Servicing Rights |
|
- |
- |
- |
- |
- |
- |
5,325 |
7,913 |
7,519 |
9,041 |
8,811 |
Other Assets |
|
472 |
167 |
421 |
1,234 |
1,140 |
2,002 |
385 |
566 |
766 |
497 |
460 |
Total Liabilities & Shareholders' Equity |
|
12,355 |
13,163 |
12,484 |
10,955 |
12,420 |
13,568 |
6,932 |
9,140 |
9,112 |
10,773 |
11,410 |
Total Liabilities |
|
9,151 |
10,195 |
9,450 |
7,693 |
9,004 |
10,184 |
4,407 |
6,597 |
7,124 |
8,873 |
9,568 |
Long-Term Debt |
|
211 |
119 |
- |
- |
- |
10,032 |
4,337 |
6,379 |
6,812 |
8,537 |
9,155 |
Other Long-Term Liabilities |
|
586 |
711 |
763 |
1,078 |
1,125 |
153 |
71 |
218 |
311 |
336 |
412 |
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 |
|
3,203 |
2,967 |
3,034 |
3,262 |
3,416 |
3,384 |
2,525 |
2,543 |
1,989 |
1,900 |
1,842 |
Total Preferred & Common Equity |
|
3,203 |
2,967 |
3,034 |
3,262 |
3,416 |
3,384 |
2,525 |
2,543 |
1,989 |
1,900 |
1,842 |
Preferred Stock |
|
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
Total Common Equity |
|
3,203 |
2,967 |
3,034 |
3,262 |
3,416 |
3,384 |
2,525 |
2,543 |
1,989 |
1,900 |
1,842 |
Common Stock |
|
3,017 |
3,024 |
3,033 |
3,231 |
3,628 |
3,645 |
3,853 |
3,777 |
3,685 |
3,700 |
3,712 |
Retained Earnings |
|
-569 |
-572 |
-573 |
-579 |
-632 |
-631 |
-1,405 |
-1,279 |
-1,718 |
-1,818 |
-1,880 |
Accumulated Other Comprehensive Income / (Loss) |
|
754 |
516 |
574 |
609 |
420 |
370 |
77 |
46 |
21 |
18 |
9.48 |
Quarterly Balance Sheets for MFA Financial
This table presents MFA 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 |
|
9,480 |
9,520 |
9,312 |
9,736 |
10,105 |
10,874 |
11,077 |
11,160 |
11,520 |
Cash and Due from Banks |
|
386 |
434 |
362 |
329 |
300 |
306 |
289 |
306 |
254 |
Restricted Cash |
|
160 |
167 |
165 |
174 |
153 |
223 |
252 |
197 |
220 |
Trading Account Securities |
|
246 |
227 |
505 |
594 |
724 |
737 |
863 |
1,140 |
1,790 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Mortgage Servicing Rights |
|
8,191 |
8,194 |
7,794 |
8,140 |
8,424 |
9,119 |
9,186 |
9,027 |
8,784 |
Other Assets |
|
498 |
497 |
485 |
499 |
503 |
489 |
486 |
490 |
472 |
Total Liabilities & Shareholders' Equity |
|
9,480 |
9,520 |
9,312 |
9,736 |
10,105 |
10,874 |
11,077 |
11,160 |
11,520 |
Total Liabilities |
|
7,333 |
7,486 |
7,293 |
7,791 |
8,256 |
8,990 |
9,194 |
9,279 |
9,681 |
Long-Term Debt |
|
7,132 |
7,289 |
7,101 |
7,568 |
8,038 |
8,686 |
8,891 |
8,923 |
9,367 |
Other Long-Term Liabilities |
|
201 |
196 |
192 |
223 |
218 |
304 |
303 |
357 |
314 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
2,146 |
2,034 |
2,019 |
1,945 |
1,849 |
1,884 |
1,883 |
1,880 |
1,838 |
Total Preferred & Common Equity |
|
2,146 |
2,034 |
2,019 |
1,945 |
1,849 |
1,884 |
1,883 |
1,880 |
1,838 |
Preferred Stock |
|
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
0.19 |
Total Common Equity |
|
2,146 |
2,034 |
2,018 |
1,945 |
1,848 |
1,884 |
1,883 |
1,880 |
1,838 |
Common Stock |
|
3,680 |
3,683 |
3,688 |
3,692 |
3,696 |
3,704 |
3,709 |
3,711 |
3,714 |
Retained Earnings |
|
-1,571 |
-1,680 |
-1,690 |
-1,761 |
-1,862 |
-1,840 |
-1,844 |
-1,840 |
-1,884 |
Accumulated Other Comprehensive Income / (Loss) |
|
37 |
31 |
20 |
13 |
14 |
20 |
18 |
10 |
8.22 |
Annual Metrics And Ratios for MFA Financial
This table displays calculated financial ratios and metrics derived from MFA Financial's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
5.32% |
16.37% |
-10.75% |
5.81% |
-2.93% |
25.75% |
-211.76% |
170.90% |
-117.59% |
443.24% |
23.81% |
EBITDA Growth |
|
-5.45% |
17.54% |
-14.04% |
1.11% |
-6.54% |
8.38% |
-286.28% |
136.89% |
-215.62% |
118.27% |
113.25% |
EBIT Growth |
|
3.57% |
16.46% |
-14.36% |
3.11% |
-6.39% |
27.23% |
-276.93% |
145.05% |
-184.24% |
127.56% |
64.05% |
NOPAT Growth |
|
3.57% |
16.46% |
-14.36% |
3.11% |
-6.39% |
27.23% |
-223.85% |
164.35% |
-158.97% |
139.23% |
64.01% |
Net Income Growth |
|
3.57% |
-0.09% |
-0.18% |
3.11% |
-6.39% |
25.29% |
-279.68% |
148.41% |
-170.42% |
134.62% |
48.76% |
EPS Growth |
|
3.85% |
-1.23% |
0.00% |
-1.25% |
-13.92% |
16.18% |
-279.68% |
148.41% |
-197.72% |
117.90% |
78.26% |
Operating Cash Flow Growth |
|
-14.18% |
8.72% |
-35.50% |
-1.60% |
-16.22% |
45.91% |
-82.21% |
258.90% |
157.87% |
-69.40% |
84.04% |
Free Cash Flow Firm Growth |
|
-50.22% |
-173.64% |
349.33% |
103.51% |
-151.54% |
-55.44% |
450.05% |
-128.85% |
96.59% |
-2,518.12% |
71.60% |
Invested Capital Growth |
|
-2.23% |
6.78% |
-6.03% |
-15.74% |
14.37% |
18.77% |
-48.85% |
30.02% |
-1.35% |
18.59% |
5.37% |
Revenue Q/Q Growth |
|
-35.44% |
121.81% |
28.60% |
7.60% |
-8.24% |
-11.58% |
-5,665.02% |
535.37% |
-143.92% |
56.65% |
-21.41% |
EBITDA Q/Q Growth |
|
-37.63% |
55.21% |
91.16% |
-12.46% |
-17.25% |
-7.73% |
-0.84% |
-16.08% |
-4.18% |
222.29% |
-40.98% |
EBIT Q/Q Growth |
|
-39.16% |
63.75% |
114.73% |
-12.99% |
-18.59% |
10.12% |
-9.75% |
-4.24% |
-14.33% |
660.42% |
-41.36% |
NOPAT Q/Q Growth |
|
-39.16% |
63.75% |
114.73% |
-12.99% |
-18.59% |
10.86% |
-8.77% |
-7.42% |
-32.78% |
3,326.45% |
-43.41% |
Net Income Q/Q Growth |
|
0.37% |
-1.95% |
-0.27% |
9.49% |
-11.63% |
11.75% |
-8.77% |
-0.51% |
-19.27% |
2,891.23% |
-41.28% |
EPS Q/Q Growth |
|
2.53% |
-2.44% |
0.00% |
6.76% |
-15.00% |
8.22% |
-8.77% |
-0.51% |
-15.25% |
231.43% |
-50.90% |
Operating Cash Flow Q/Q Growth |
|
2.96% |
19.04% |
-19.06% |
-12.60% |
1.74% |
2.15% |
-51.35% |
5.42% |
-5.84% |
-2.59% |
116.37% |
Free Cash Flow Firm Q/Q Growth |
|
105.22% |
46.69% |
8.94% |
9.87% |
-377.53% |
-117.60% |
-32.25% |
-694.25% |
99.13% |
-176.82% |
37.51% |
Invested Capital Q/Q Growth |
|
0.39% |
-1.47% |
-0.90% |
-3.42% |
4.29% |
12.03% |
167.45% |
243.00% |
-5.60% |
5.56% |
1.80% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
96.64% |
97.62% |
94.02% |
89.84% |
86.50% |
74.56% |
0.00% |
64.67% |
0.00% |
22.62% |
38.97% |
EBIT Margin |
|
87.38% |
87.44% |
83.90% |
81.76% |
78.86% |
79.79% |
0.00% |
80.25% |
0.00% |
30.86% |
40.89% |
Profit (Net Income) Margin |
|
87.38% |
75.02% |
83.90% |
81.76% |
78.86% |
78.56% |
0.00% |
86.24% |
0.00% |
34.82% |
41.84% |
Tax Burden Percent |
|
100.00% |
85.79% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
99.63% |
99.65% |
99.63% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
98.47% |
100.00% |
107.46% |
90.16% |
113.22% |
102.69% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.35% |
0.37% |
Return on Invested Capital (ROIC) |
|
2.65% |
3.02% |
2.58% |
2.99% |
2.85% |
3.11% |
0.00% |
3.88% |
0.00% |
0.74% |
1.08% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
2.65% |
2.45% |
2.58% |
2.99% |
2.85% |
3.04% |
0.00% |
4.30% |
0.00% |
0.86% |
1.12% |
Return on Net Nonoperating Assets (RNNOA) |
|
7.23% |
7.13% |
7.84% |
7.26% |
6.19% |
8.01% |
0.00% |
9.10% |
0.00% |
3.39% |
5.29% |
Return on Equity (ROE) |
|
9.88% |
10.15% |
10.42% |
10.24% |
9.04% |
11.12% |
-23.00% |
12.98% |
-10.22% |
4.12% |
6.37% |
Cash Return on Invested Capital (CROIC) |
|
4.91% |
-3.54% |
8.80% |
20.07% |
-10.55% |
-14.05% |
59.95% |
-22.22% |
-0.67% |
-16.27% |
-4.15% |
Operating Return on Assets (OROA) |
|
2.53% |
2.86% |
2.44% |
2.75% |
2.58% |
2.96% |
0.00% |
3.81% |
0.00% |
0.71% |
1.05% |
Return on Assets (ROA) |
|
2.53% |
2.46% |
2.44% |
2.75% |
2.58% |
2.91% |
0.00% |
4.09% |
0.00% |
0.81% |
1.08% |
Return on Common Equity (ROCE) |
|
9.88% |
10.15% |
10.42% |
10.24% |
9.04% |
11.12% |
-23.00% |
12.98% |
-10.22% |
4.12% |
6.37% |
Return on Equity Simple (ROE_SIMPLE) |
|
9.79% |
10.56% |
10.31% |
9.88% |
8.83% |
11.17% |
-26.91% |
12.93% |
-11.64% |
4.22% |
6.47% |
Net Operating Profit after Tax (NOPAT) |
|
314 |
365 |
313 |
322 |
302 |
384 |
-476 |
306 |
-180 |
71 |
116 |
NOPAT Margin |
|
87.38% |
87.44% |
83.90% |
81.76% |
78.86% |
79.79% |
0.00% |
80.25% |
0.00% |
30.76% |
40.74% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.58% |
0.00% |
0.00% |
0.00% |
0.07% |
2.84% |
-0.43% |
0.78% |
-0.12% |
-0.04% |
SG&A Expenses to Revenue |
|
7.13% |
6.30% |
7.86% |
8.03% |
7.43% |
6.70% |
0.00% |
14.11% |
0.00% |
37.27% |
30.75% |
Operating Expenses to Revenue |
|
12.62% |
12.56% |
16.10% |
18.24% |
20.94% |
19.68% |
0.00% |
31.52% |
0.00% |
72.98% |
59.79% |
Earnings before Interest and Taxes (EBIT) |
|
314 |
365 |
313 |
322 |
302 |
384 |
-679 |
306 |
-258 |
71 |
117 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
347 |
408 |
350 |
354 |
331 |
359 |
-668 |
247 |
-285 |
52 |
111 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.30 |
0.30 |
0.38 |
0.43 |
0.44 |
0.57 |
0.45 |
0.56 |
0.39 |
0.53 |
0.56 |
Price to Tangible Book Value (P/TBV) |
|
0.30 |
0.30 |
0.38 |
0.43 |
0.44 |
0.57 |
0.45 |
0.56 |
0.39 |
0.53 |
0.56 |
Price to Revenue (P/Rev) |
|
2.69 |
2.14 |
3.09 |
3.58 |
3.93 |
4.00 |
0.00 |
3.72 |
0.00 |
4.40 |
3.65 |
Price to Earnings (P/E) |
|
3.24 |
2.99 |
3.87 |
4.59 |
5.24 |
5.31 |
0.00 |
4.80 |
0.00 |
21.40 |
12.04 |
Dividend Yield |
|
30.54% |
33.20% |
25.74% |
22.52% |
23.92% |
18.76% |
12.89% |
11.95% |
21.98% |
14.10% |
13.74% |
Earnings Yield |
|
30.87% |
33.41% |
25.81% |
21.80% |
19.08% |
18.84% |
0.00% |
20.84% |
0.00% |
4.67% |
8.30% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.79 |
0.81 |
0.81 |
0.77 |
0.82 |
0.88 |
0.68 |
0.83 |
0.81 |
0.87 |
0.87 |
Enterprise Value to Revenue (EV/Rev) |
|
25.63 |
24.34 |
25.55 |
19.18 |
24.28 |
24.57 |
0.00 |
19.39 |
0.00 |
39.36 |
33.66 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
26.52 |
24.93 |
27.18 |
21.34 |
28.07 |
32.95 |
0.00 |
29.99 |
0.00 |
173.97 |
86.39 |
Enterprise Value to EBIT (EV/EBIT) |
|
29.33 |
27.83 |
30.45 |
23.45 |
30.79 |
30.79 |
0.00 |
24.16 |
0.00 |
127.53 |
82.32 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
29.33 |
27.83 |
30.45 |
23.45 |
30.79 |
30.79 |
0.00 |
24.16 |
0.00 |
127.97 |
82.62 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
35.95 |
36.54 |
53.08 |
42.84 |
62.85 |
54.80 |
121.34 |
53.66 |
19.96 |
83.32 |
47.94 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
15.85 |
0.00 |
8.94 |
3.49 |
0.00 |
0.00 |
0.77 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
2.65 |
3.20 |
2.86 |
2.03 |
2.31 |
2.96 |
1.72 |
2.51 |
3.43 |
4.49 |
4.97 |
Long-Term Debt to Equity |
|
0.07 |
0.04 |
0.00 |
0.00 |
0.00 |
2.96 |
1.72 |
2.51 |
3.43 |
4.49 |
4.97 |
Financial Leverage |
|
2.72 |
2.91 |
3.03 |
2.43 |
2.17 |
2.63 |
2.43 |
2.11 |
2.91 |
3.95 |
4.73 |
Leverage Ratio |
|
3.91 |
4.14 |
4.27 |
3.72 |
3.50 |
3.82 |
3.47 |
3.17 |
4.03 |
5.11 |
5.93 |
Compound Leverage Factor |
|
3.91 |
4.14 |
4.27 |
3.72 |
3.50 |
3.76 |
3.47 |
3.41 |
3.63 |
5.79 |
6.09 |
Debt to Total Capital |
|
72.58% |
76.21% |
74.12% |
66.98% |
69.76% |
74.78% |
63.20% |
71.50% |
77.40% |
81.80% |
83.25% |
Short-Term Debt to Total Capital |
|
70.78% |
75.26% |
74.12% |
66.98% |
69.76% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
1.80% |
0.95% |
0.00% |
0.00% |
0.00% |
74.78% |
63.20% |
71.50% |
77.40% |
81.80% |
83.25% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
27.42% |
23.79% |
25.88% |
33.02% |
30.24% |
25.22% |
36.79% |
28.50% |
22.60% |
18.20% |
16.75% |
Debt to EBITDA |
|
24.45 |
23.32 |
24.80 |
18.67 |
23.80 |
27.96 |
-6.49 |
25.87 |
-23.89 |
163.91 |
82.43 |
Net Debt to EBITDA |
|
23.73 |
22.74 |
23.89 |
17.36 |
23.53 |
27.58 |
-5.26 |
24.23 |
-22.16 |
154.54 |
77.02 |
Long-Term Debt to EBITDA |
|
0.61 |
0.29 |
0.00 |
0.00 |
0.00 |
27.96 |
-6.49 |
25.87 |
-23.89 |
163.91 |
82.43 |
Debt to NOPAT |
|
27.04 |
26.04 |
27.78 |
20.52 |
26.11 |
26.12 |
-9.12 |
20.84 |
-37.75 |
120.57 |
78.84 |
Net Debt to NOPAT |
|
26.25 |
25.39 |
26.77 |
19.08 |
25.81 |
25.77 |
-7.39 |
19.52 |
-35.01 |
113.67 |
73.66 |
Long-Term Debt to NOPAT |
|
0.67 |
0.32 |
0.00 |
0.00 |
0.00 |
26.12 |
-9.12 |
20.84 |
-37.75 |
120.57 |
78.84 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.01% |
0.01% |
0.01% |
0.01% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
580 |
-427 |
1,065 |
2,167 |
-1,117 |
-1,736 |
6,078 |
-1,754 |
-60 |
-1,565 |
-444 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
20,242.20% |
1,019.87% |
981.29% |
254.95% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
3.63 |
-2.41 |
5.51 |
10.99 |
-4.81 |
-5.22 |
22.62 |
-14.57 |
-0.23 |
-3.65 |
-0.85 |
Operating Cash Flow to Interest Expense |
|
1.60 |
1.57 |
0.93 |
0.90 |
0.64 |
0.65 |
0.14 |
1.14 |
1.37 |
0.25 |
0.38 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.60 |
1.57 |
0.93 |
0.89 |
0.57 |
0.58 |
0.09 |
1.14 |
1.37 |
0.25 |
0.38 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
0.00 |
0.05 |
0.00 |
0.02 |
0.03 |
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 |
|
11,681 |
12,473 |
11,721 |
9,876 |
11,295 |
13,416 |
6,862 |
8,922 |
8,801 |
10,437 |
10,997 |
Invested Capital Turnover |
|
0.03 |
0.03 |
0.03 |
0.04 |
0.04 |
0.04 |
0.00 |
0.05 |
0.00 |
0.02 |
0.03 |
Increase / (Decrease) in Invested Capital |
|
-267 |
792 |
-752 |
-1,845 |
1,419 |
2,120 |
-6,554 |
2,060 |
-121 |
1,636 |
561 |
Enterprise Value (EV) |
|
9,195 |
10,162 |
9,522 |
7,561 |
9,294 |
11,824 |
4,659 |
7,395 |
7,092 |
9,061 |
9,595 |
Market Capitalization |
|
967 |
893 |
1,153 |
1,410 |
1,503 |
1,927 |
1,143 |
1,420 |
774 |
1,012 |
1,040 |
Book Value per Share |
|
$8.68 |
$8.01 |
$8.17 |
$8.22 |
$7.60 |
$7.49 |
$5.57 |
$5.77 |
$19.54 |
$18.64 |
$18.04 |
Tangible Book Value per Share |
|
$8.66 |
$8.01 |
$8.17 |
$8.22 |
$7.60 |
$7.49 |
$5.57 |
$5.77 |
$19.54 |
$18.64 |
$18.04 |
Total Capital |
|
11,681 |
12,473 |
11,721 |
9,876 |
11,295 |
13,416 |
6,862 |
8,922 |
8,801 |
10,437 |
10,997 |
Total Debt |
|
8,478 |
9,506 |
8,687 |
6,615 |
7,879 |
10,032 |
4,337 |
6,379 |
6,812 |
8,537 |
9,155 |
Total Long-Term Debt |
|
211 |
119 |
0.00 |
0.00 |
0.00 |
10,032 |
4,337 |
6,379 |
6,812 |
8,537 |
9,155 |
Net Debt |
|
8,228 |
9,270 |
8,369 |
6,151 |
7,790 |
9,897 |
3,515 |
5,974 |
6,318 |
8,049 |
8,554 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.87 |
15 |
22 |
15 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
52 |
0.00 |
0.00 |
0.00 |
5.88 |
204 |
-23 |
51 |
-9.36 |
-3.12 |
Net Nonoperating Obligations (NNO) |
|
8,478 |
9,506 |
8,687 |
6,615 |
7,879 |
10,032 |
4,337 |
6,379 |
6,812 |
8,537 |
9,155 |
Total Depreciation and Amortization (D&A) |
|
33 |
42 |
38 |
32 |
29 |
-25 |
11 |
-59 |
-27 |
-19 |
-5.49 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$3.24 |
$3.20 |
$3.20 |
$3.16 |
$2.72 |
$3.20 |
($6.28) |
$2.68 |
($2.57) |
$0.46 |
$0.83 |
Adjusted Weighted Average Basic Shares Outstanding |
|
92.59M |
92.77M |
93.21M |
99.61M |
112.62M |
113.28M |
113.01M |
106.26M |
101.91M |
102.08M |
102.52M |
Adjusted Diluted Earnings per Share |
|
$3.24 |
$3.20 |
$3.20 |
$3.16 |
$2.72 |
$3.16 |
($6.28) |
$2.64 |
($2.57) |
$0.46 |
$0.82 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
92.59M |
92.77M |
93.21M |
99.61M |
112.62M |
113.28M |
113.01M |
106.26M |
101.91M |
102.08M |
102.52M |
Adjusted Basic & Diluted Earnings per Share |
|
$3.24 |
$3.20 |
$3.20 |
$3.16 |
$2.72 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
92.59M |
92.77M |
93.21M |
99.61M |
112.62M |
113.28M |
113.01M |
106.26M |
101.91M |
102.08M |
102.52M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
219 |
256 |
219 |
226 |
212 |
269 |
-476 |
214 |
-180 |
71 |
116 |
Normalized NOPAT Margin |
|
61.16% |
61.21% |
58.73% |
57.24% |
55.43% |
55.88% |
0.00% |
56.17% |
0.00% |
30.76% |
40.74% |
Pre Tax Income Margin |
|
87.38% |
87.44% |
83.90% |
81.76% |
78.86% |
78.56% |
0.00% |
86.24% |
0.00% |
34.94% |
41.99% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.96 |
2.06 |
1.62 |
1.64 |
1.30 |
1.16 |
-2.53 |
2.54 |
-1.00 |
0.17 |
0.22 |
NOPAT to Interest Expense |
|
1.96 |
2.06 |
1.62 |
1.64 |
1.30 |
1.16 |
-1.77 |
2.54 |
-0.70 |
0.17 |
0.22 |
EBIT Less CapEx to Interest Expense |
|
1.96 |
2.06 |
1.62 |
1.63 |
1.24 |
1.09 |
-2.58 |
2.54 |
-1.00 |
0.17 |
0.22 |
NOPAT Less CapEx to Interest Expense |
|
1.96 |
2.06 |
1.62 |
1.63 |
1.24 |
1.09 |
-1.83 |
2.54 |
-0.70 |
0.17 |
0.22 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
98.78% |
99.73% |
100.07% |
100.37% |
114.23% |
99.59% |
-21.09% |
57.47% |
-93.66% |
219.52% |
148.21% |
Augmented Payout Ratio |
|
98.78% |
99.73% |
100.07% |
100.37% |
114.23% |
99.59% |
-33.53% |
83.50% |
-137.84% |
219.52% |
149.46% |
Quarterly Metrics And Ratios for MFA Financial
This table displays calculated financial ratios and metrics derived from MFA 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 |
|
-110.61% |
-54.57% |
307.78% |
151.22% |
21.13% |
252.73% |
-37.37% |
430.72% |
847.05% |
-66.84% |
20.70% |
EBITDA Growth |
|
-152.95% |
-321.52% |
167.17% |
70.88% |
5.35% |
636.72% |
-70.63% |
220.75% |
182.89% |
-96.13% |
113.36% |
EBIT Growth |
|
-146.85% |
-99.21% |
175.12% |
75.56% |
4.31% |
32,782.56% |
-67.72% |
260.90% |
188.21% |
-97.24% |
79.67% |
NOPAT Growth |
|
-132.79% |
-99.42% |
207.32% |
75.56% |
4.31% |
34,894.96% |
-67.72% |
327.97% |
222.17% |
-95.03% |
91.86% |
Net Income Growth |
|
-141.52% |
-84.79% |
187.79% |
74.17% |
-2.58% |
1,237.50% |
-68.11% |
261.78% |
185.37% |
-93.42% |
77.38% |
EPS Growth |
|
-157.41% |
-112.50% |
172.09% |
67.92% |
-3.23% |
8,100.00% |
-77.42% |
194.12% |
157.81% |
-101.25% |
121.43% |
Operating Cash Flow Growth |
|
992.27% |
-76.67% |
-105.49% |
-8.06% |
-70.80% |
-43.06% |
828.73% |
-35.86% |
-128.33% |
2,819.75% |
-127.24% |
Free Cash Flow Firm Growth |
|
-7,594.10% |
106.00% |
111.23% |
96.30% |
91.09% |
-1,377.72% |
-537.91% |
-382.75% |
-44.10% |
64.02% |
58.48% |
Invested Capital Growth |
|
258.44% |
-1.35% |
-2.74% |
2.52% |
6.04% |
18.59% |
15.90% |
13.26% |
9.27% |
5.37% |
6.01% |
Revenue Q/Q Growth |
|
49.25% |
309.03% |
235.54% |
-85.61% |
-178.14% |
1,034.85% |
-42.03% |
21.95% |
9.99% |
-58.50% |
116.86% |
EBITDA Q/Q Growth |
|
41.88% |
76.59% |
554.63% |
-149.92% |
-88.88% |
232.74% |
-77.16% |
105.23% |
29.65% |
-93.80% |
1,265.63% |
EBIT Q/Q Growth |
|
45.26% |
100.44% |
6,107.57% |
-138.18% |
-114.36% |
250.57% |
-74.48% |
90.32% |
17.52% |
-95.29% |
1,684.55% |
NOPAT Q/Q Growth |
|
45.26% |
100.63% |
6,107.57% |
-126.73% |
-114.36% |
328.92% |
-75.34% |
88.76% |
14.87% |
-90.69% |
851.80% |
Net Income Q/Q Growth |
|
45.18% |
112.20% |
984.71% |
-135.62% |
-117.67% |
259.02% |
-74.13% |
80.70% |
14.87% |
-87.74% |
596.84% |
EPS Q/Q Growth |
|
41.51% |
98.39% |
6,300.00% |
-154.84% |
-88.24% |
225.00% |
-82.50% |
128.57% |
15.63% |
-102.70% |
3,200.00% |
Operating Cash Flow Q/Q Growth |
|
72.90% |
-95.08% |
-209.46% |
1,087.65% |
-45.08% |
-90.41% |
1,300.76% |
-13.07% |
-124.26% |
1,088.53% |
-113.07% |
Free Cash Flow Firm Q/Q Growth |
|
0.94% |
101.79% |
167.71% |
-177.46% |
-138.55% |
-156.48% |
7.61% |
14.61% |
28.79% |
35.95% |
-6.60% |
Invested Capital Q/Q Growth |
|
0.48% |
-5.60% |
3.62% |
4.31% |
3.93% |
5.56% |
1.28% |
1.93% |
0.27% |
1.80% |
1.89% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
-45.54% |
58.21% |
-201.90% |
0.00% |
69.30% |
27.30% |
45.94% |
54.15% |
8.09% |
50.93% |
EBIT Margin |
|
0.00% |
0.78% |
62.28% |
-165.25% |
0.00% |
73.01% |
32.10% |
50.10% |
53.53% |
6.08% |
50.04% |
Profit (Net Income) Margin |
|
0.00% |
20.37% |
65.85% |
-163.01% |
0.00% |
77.24% |
33.53% |
49.69% |
51.89% |
15.34% |
49.28% |
Tax Burden Percent |
|
100.00% |
114.52% |
100.00% |
98.64% |
100.17% |
99.40% |
100.00% |
99.18% |
96.95% |
131.66% |
102.16% |
Interest Burden Percent |
|
93.44% |
2,270.93% |
105.73% |
100.00% |
100.00% |
106.42% |
104.46% |
100.00% |
100.00% |
191.55% |
96.39% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.82% |
3.05% |
0.00% |
-2.16% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
0.65% |
-1.77% |
0.00% |
1.86% |
0.62% |
1.26% |
1.82% |
0.31% |
1.41% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
0.71% |
-1.87% |
0.00% |
1.85% |
0.63% |
1.26% |
1.82% |
0.33% |
1.39% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
2.29% |
-6.72% |
0.00% |
7.31% |
2.54% |
5.42% |
8.28% |
1.54% |
6.73% |
Return on Equity (ROE) |
|
-8.38% |
-10.22% |
2.94% |
-8.49% |
0.00% |
9.17% |
3.16% |
6.68% |
10.09% |
1.85% |
8.14% |
Cash Return on Invested Capital (CROIC) |
|
-115.03% |
-0.67% |
2.05% |
-2.51% |
-5.89% |
-16.27% |
-14.48% |
-11.46% |
-6.88% |
-4.15% |
-4.58% |
Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
0.63% |
-2.47% |
0.00% |
1.69% |
0.60% |
1.24% |
1.83% |
0.16% |
1.34% |
Return on Assets (ROA) |
|
0.00% |
0.00% |
0.66% |
-2.44% |
0.00% |
1.79% |
0.63% |
1.23% |
1.77% |
0.39% |
1.32% |
Return on Common Equity (ROCE) |
|
-8.38% |
-10.22% |
2.94% |
-8.49% |
0.00% |
9.17% |
3.16% |
6.68% |
10.09% |
1.85% |
8.14% |
Return on Equity Simple (ROE_SIMPLE) |
|
-9.55% |
0.00% |
-3.76% |
-0.07% |
-0.16% |
0.00% |
1.62% |
5.23% |
10.80% |
0.00% |
7.46% |
Net Operating Profit after Tax (NOPAT) |
|
-41 |
0.26 |
69 |
-18 |
-39 |
90 |
22 |
42 |
48 |
4.49 |
43 |
NOPAT Margin |
|
0.00% |
0.78% |
62.28% |
-115.68% |
0.00% |
77.70% |
32.10% |
49.69% |
51.89% |
11.65% |
51.12% |
Net Nonoperating Expense Percent (NNEP) |
|
0.38% |
-0.10% |
-0.06% |
0.10% |
0.22% |
0.01% |
-0.01% |
0.00% |
0.00% |
-0.02% |
0.02% |
SG&A Expenses to Revenue |
|
0.00% |
51.76% |
18.66% |
136.87% |
0.00% |
16.65% |
36.79% |
25.76% |
24.14% |
46.77% |
27.83% |
Operating Expenses to Revenue |
|
0.00% |
103.89% |
37.73% |
265.25% |
0.00% |
34.59% |
66.96% |
49.87% |
46.47% |
100.73% |
49.79% |
Earnings before Interest and Taxes (EBIT) |
|
-59 |
0.26 |
69 |
-26 |
-56 |
85 |
22 |
42 |
50 |
2.34 |
42 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-64 |
-15 |
64 |
-32 |
-61 |
81 |
19 |
39 |
50 |
3.12 |
43 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.31 |
0.39 |
0.43 |
0.52 |
0.47 |
0.53 |
0.60 |
0.58 |
0.69 |
0.56 |
0.57 |
Price to Tangible Book Value (P/TBV) |
|
0.31 |
0.39 |
0.43 |
0.52 |
0.47 |
0.53 |
0.60 |
0.58 |
0.69 |
0.56 |
0.57 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
8.90 |
7.00 |
5.90 |
4.40 |
5.96 |
4.22 |
3.58 |
3.65 |
3.51 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
21.40 |
0.00 |
16.56 |
7.63 |
12.04 |
10.08 |
Dividend Yield |
|
28.54% |
21.98% |
18.71% |
15.10% |
16.46% |
14.10% |
12.68% |
13.16% |
11.01% |
13.74% |
13.74% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
4.67% |
0.00% |
6.04% |
13.11% |
8.30% |
9.92% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.78 |
0.81 |
0.82 |
0.85 |
0.85 |
0.87 |
0.88 |
0.88 |
0.90 |
0.87 |
0.89 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
76.91 |
56.20 |
57.51 |
39.36 |
49.14 |
36.66 |
26.80 |
33.66 |
33.22 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
173.97 |
1,458.57 |
122.14 |
51.64 |
86.39 |
74.40 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
127.53 |
384.33 |
101.76 |
48.89 |
82.32 |
73.62 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
127.97 |
384.33 |
95.15 |
47.36 |
82.62 |
72.83 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
19.39 |
19.96 |
34.67 |
38.78 |
75.71 |
83.32 |
54.75 |
65.73 |
105.07 |
47.94 |
75.30 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
39.19 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
3.58 |
3.43 |
3.52 |
3.89 |
4.35 |
4.49 |
4.61 |
4.72 |
4.74 |
4.97 |
5.10 |
Long-Term Debt to Equity |
|
3.58 |
3.43 |
3.52 |
3.89 |
4.35 |
4.49 |
4.61 |
4.72 |
4.74 |
4.97 |
5.10 |
Financial Leverage |
|
1.57 |
2.91 |
3.24 |
3.59 |
3.95 |
3.95 |
4.05 |
4.30 |
4.55 |
4.73 |
4.85 |
Leverage Ratio |
|
3.89 |
4.03 |
4.40 |
4.70 |
5.05 |
5.11 |
5.17 |
5.44 |
5.70 |
5.93 |
6.02 |
Compound Leverage Factor |
|
3.63 |
91.47 |
4.66 |
4.70 |
5.05 |
5.44 |
5.40 |
5.44 |
5.70 |
11.36 |
5.80 |
Debt to Total Capital |
|
78.18% |
77.40% |
77.87% |
79.56% |
81.30% |
81.80% |
82.17% |
82.52% |
82.59% |
83.25% |
83.59% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
78.18% |
77.40% |
77.87% |
79.56% |
81.30% |
81.80% |
82.17% |
82.52% |
82.59% |
83.25% |
83.59% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
21.81% |
22.60% |
22.13% |
20.44% |
18.70% |
18.20% |
17.82% |
17.48% |
17.41% |
16.75% |
16.40% |
Debt to EBITDA |
|
-26.63 |
-23.89 |
-57.19 |
-164.46 |
-188.74 |
163.91 |
1,364.85 |
115.09 |
47.41 |
82.43 |
70.07 |
Net Debt to EBITDA |
|
-24.44 |
-22.16 |
-52.94 |
-153.53 |
-178.09 |
154.54 |
1,281.70 |
108.08 |
44.74 |
77.02 |
66.53 |
Long-Term Debt to EBITDA |
|
-26.63 |
-23.89 |
-57.19 |
-164.46 |
-188.74 |
163.91 |
1,364.85 |
115.09 |
47.41 |
82.43 |
70.07 |
Debt to NOPAT |
|
-53.63 |
-37.75 |
-105.15 |
-5,976.61 |
-3,662.78 |
120.57 |
359.64 |
89.65 |
43.48 |
78.84 |
68.59 |
Net Debt to NOPAT |
|
-49.21 |
-35.01 |
-97.34 |
-5,579.07 |
-3,456.11 |
113.67 |
337.73 |
84.20 |
41.03 |
73.66 |
65.12 |
Long-Term Debt to NOPAT |
|
-53.63 |
-37.75 |
-105.15 |
-5,976.61 |
-3,662.78 |
120.57 |
359.64 |
89.65 |
43.48 |
78.84 |
68.59 |
Noncontrolling Interest Sharing Ratio |
|
0.01% |
0.01% |
0.01% |
0.01% |
0.00% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-6,763 |
121 |
326 |
-253 |
-603 |
-1,545 |
-1,428 |
-1,219 |
-868 |
-556 |
-593 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-94.49 |
1.39 |
3.51 |
-2.53 |
-5.33 |
-12.52 |
-11.07 |
-9.14 |
-6.61 |
-4.36 |
-4.82 |
Operating Cash Flow to Interest Expense |
|
1.90 |
0.08 |
-0.08 |
0.73 |
0.35 |
0.03 |
0.41 |
0.35 |
-0.09 |
0.87 |
-0.12 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.90 |
0.08 |
-0.08 |
0.73 |
0.35 |
0.03 |
0.41 |
0.35 |
-0.09 |
0.87 |
-0.12 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.00 |
0.01 |
0.01 |
0.02 |
0.02 |
0.02 |
0.02 |
0.03 |
0.03 |
0.03 |
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 |
|
9,323 |
8,801 |
9,120 |
9,513 |
9,886 |
10,437 |
10,570 |
10,774 |
10,803 |
10,997 |
11,206 |
Invested Capital Turnover |
|
0.00 |
0.00 |
0.01 |
0.02 |
0.02 |
0.02 |
0.02 |
0.03 |
0.04 |
0.03 |
0.03 |
Increase / (Decrease) in Invested Capital |
|
6,722 |
-121 |
-257 |
234 |
563 |
1,636 |
1,450 |
1,261 |
916 |
561 |
636 |
Enterprise Value (EV) |
|
7,316 |
7,092 |
7,434 |
8,071 |
8,452 |
9,061 |
9,282 |
9,436 |
9,718 |
9,595 |
9,946 |
Market Capitalization |
|
628 |
774 |
860 |
1,006 |
867 |
1,012 |
1,125 |
1,086 |
1,298 |
1,040 |
1,052 |
Book Value per Share |
|
$19.98 |
$19.54 |
$19.81 |
$19.08 |
$18.14 |
$18.64 |
$18.46 |
$18.45 |
$18.42 |
$18.04 |
$17.93 |
Tangible Book Value per Share |
|
$19.98 |
$19.54 |
$19.81 |
$19.08 |
$18.14 |
$18.64 |
$18.46 |
$18.45 |
$18.42 |
$18.04 |
$17.93 |
Total Capital |
|
9,323 |
8,801 |
9,120 |
9,513 |
9,886 |
10,437 |
10,570 |
10,774 |
10,803 |
10,997 |
11,206 |
Total Debt |
|
7,289 |
6,812 |
7,101 |
7,568 |
8,038 |
8,537 |
8,686 |
8,891 |
8,923 |
9,155 |
9,367 |
Total Long-Term Debt |
|
7,289 |
6,812 |
7,101 |
7,568 |
8,038 |
8,537 |
8,686 |
8,891 |
8,923 |
9,155 |
9,367 |
Net Debt |
|
6,688 |
6,318 |
6,574 |
7,065 |
7,584 |
8,049 |
8,157 |
8,350 |
8,420 |
8,554 |
8,894 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
14 |
-6.45 |
-3.94 |
7.53 |
17 |
0.54 |
-0.99 |
0.00 |
0.00 |
-1.42 |
1.54 |
Net Nonoperating Obligations (NNO) |
|
7,289 |
6,812 |
7,101 |
7,568 |
8,038 |
8,537 |
8,686 |
8,891 |
8,923 |
9,155 |
9,367 |
Total Depreciation and Amortization (D&A) |
|
-5.21 |
-15 |
-4.51 |
-5.83 |
-4.31 |
-4.32 |
-3.33 |
-3.51 |
0.58 |
0.77 |
0.74 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.62) |
($0.01) |
$0.63 |
($0.34) |
($0.64) |
$0.80 |
$0.14 |
$0.32 |
$0.38 |
($0.01) |
$0.32 |
Adjusted Weighted Average Basic Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Adjusted Diluted Earnings per Share |
|
($0.62) |
($0.01) |
$0.62 |
($0.34) |
($0.64) |
$0.80 |
$0.14 |
$0.32 |
$0.37 |
($0.01) |
$0.31 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
($0.01) |
$0.00 |
$0.00 |
$0.00 |
$0.80 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
101.80M |
101.91M |
101.91M |
101.92M |
101.92M |
102.08M |
102.08M |
102.08M |
102.08M |
102.52M |
102.65M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-41 |
0.18 |
48 |
-18 |
-39 |
63 |
16 |
42 |
48 |
3.14 |
29 |
Normalized NOPAT Margin |
|
0.00% |
0.55% |
43.60% |
-115.68% |
0.00% |
54.39% |
22.47% |
49.69% |
51.89% |
8.15% |
35.03% |
Pre Tax Income Margin |
|
0.00% |
17.79% |
65.85% |
-165.25% |
0.00% |
77.70% |
33.53% |
50.10% |
53.53% |
11.65% |
48.24% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-0.82 |
0.00 |
0.74 |
-0.26 |
-0.50 |
0.69 |
0.17 |
0.32 |
0.38 |
0.02 |
0.34 |
NOPAT to Interest Expense |
|
-0.58 |
0.00 |
0.74 |
-0.18 |
-0.35 |
0.73 |
0.17 |
0.31 |
0.37 |
0.04 |
0.35 |
EBIT Less CapEx to Interest Expense |
|
-0.82 |
0.00 |
0.74 |
-0.26 |
-0.50 |
0.69 |
0.17 |
0.32 |
0.38 |
0.02 |
0.34 |
NOPAT Less CapEx to Interest Expense |
|
-0.58 |
0.00 |
0.74 |
-0.18 |
-0.35 |
0.73 |
0.17 |
0.31 |
0.37 |
0.04 |
0.35 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-111.34% |
-93.66% |
-270.72% |
-13,383.40% |
-6,446.87% |
219.52% |
575.29% |
179.00% |
86.92% |
148.21% |
128.88% |
Augmented Payout Ratio |
|
-183.36% |
-137.84% |
-333.32% |
-13,383.40% |
-6,446.87% |
219.52% |
580.16% |
180.52% |
87.65% |
149.46% |
132.66% |
Key Financial Trends
Analyzing MFA Financial’s financial statements over the last four years reveals a volatile but improving earnings trend with notable fluctuations in non-interest income and ongoing investment activities.
- Q1 2025 consolidated net income rose substantially to $41.18 million from Q4 2024’s $5.91 million, indicating a strong quarter.
- Net interest income increased from $50.8 million in Q4 2024 to $57.54 million in Q1 2025, driven by higher interest income on loans and investment securities.
- Q1 2025 reported net realized and unrealized capital gains on investments of $22.03 million, reversing Q4 2024’s $20.8 million loss and contributing positively to total revenue.
- Operating expenses and salary expenses remain fairly stable quarter over quarter with modest increases, suggesting controlled cost management.
- Total assets have grown steadily from approximately $9.32 billion in Q1 2023 to $11.52 billion in Q1 2025, showing asset base expansion.
- Long-term debt increased from $7.1 billion in Q1 2023 to $9.37 billion in Q1 2025, which has supported asset growth and investment activities.
- Mortgage servicing rights represent a very large portion of total assets (~$8.7 billion in Q1 2025), making the company heavily reliant on this segment's performance.
- The company pays substantial dividends ($0.36 per share in Q1 2025), which could appeal to income-focused investors but may limit reinvestment flexibility.
- Net cash from operating activities in Q1 2025 was negative $14.56 million, indicating some operational cash flow challenges compared to prior quarters.
- The company has incurred large net cash outflows from investing activities due to significant purchases of investment securities ($970 million in Q1 2025), pressuring cash flow.
Trends Summary: MFA Financial experienced a sharp rebound in profitability in Q1 2025 after earnings weakness in Q4 2024. Net interest income and capital gains drove this improvement. However, net cash flow from operations was negative in Q1 2025, reflecting investment timing and increased asset base. The firm’s balance sheet remains strong with growing assets and equity but increased debt levels. Investors should monitor quarterly earnings volatility, large investment securities purchases, and reliance on mortgage servicing rights for future performance.
09/19/25 01:19 AM ETAI Generated. May Contain Errors.