EFC Ellington Financial Inc. Common Stock
$13.60
Price · Aug 18, 2026
Fundamentals as of Aug 10, 2026
52W Range
$11–$14
82% of range
Analyst Rating
BUY
12 analysts
Price Target
$15
+9% upside
P/E (TTM)
12.6
ROE
7.0%
Net Profit Margin
35.3%
EFC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$13.60
Market Cap
$1.69B
P/E (TTM)
12.6
EPS (TTM)
$1.19
Revenue (TTM)
—
Div Yield
10.8%
ROE
7.0%
Debt/Equity
—
52W Range
$11 – $14
EFC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$1.19
2016-12-31
→
2025-12-31
Free Cash Flow
—
Margins
35.3%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
EFC
Peer Median
P/E (TTM)
12.6
10.7
P/S (TTM)
5.0
2.2
P/B
0.9
0.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
EFC
Peer Median
Net Profit Margin
35.3%
21.1%
ROA
0.67%
1.2%
ROE
7.0%
9.8%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
EFC
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
EFC
Peer Median
Revenue YoY
10.1%
—
Revenue CAGR 3Y
77.7%
—
Revenue CAGR 5Y
48.5%
—
EPS YoY
-12.5%
—
Net Income YoY
0.78%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
EFC
Peer Median
Payout Ratio
154.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
10.8%
Payout Ratio
154.6%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 31, 2026 | $0.1300 |
| June 30, 2026 | $0.1300 |
| May 29, 2026 | $0.1300 |
| April 30, 2026 | $0.1300 |
| March 31, 2026 | $0.1300 |
| Feb. 27, 2026 | $0.1300 |
| Jan. 30, 2026 | $0.1300 |
| Dec. 31, 2025 | $0.1300 |
| Nov. 28, 2025 | $0.1300 |
| Oct. 31, 2025 | $0.1300 |
| Sept. 30, 2025 | $0.1300 |
| Aug. 29, 2025 | $0.1300 |
| July 31, 2025 | $0.1300 |
| June 30, 2025 | $0.1300 |
| May 30, 2025 | $0.1300 |
| April 30, 2025 | $0.1300 |
| March 31, 2025 | $0.1300 |
| Feb. 28, 2025 | $0.1300 |
| Jan. 31, 2025 | $0.1300 |
| Dec. 31, 2024 | $0.1300 |
EFC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 2 16.7%
- Buy 8 66.7%
- Hold 2 16.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-14
Median
$15.00
Mean
$14.79
← Below all targets
$13.60
Low
$14.00
High
$16.00
Median target
$15.00
+10.3%
Mean target
$14.79
+8.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.07%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.60 | $0.46 | 0.14% |
| March 31, 2026 | $0.55 | $0.44 | 0.11% |
| Dec. 31, 2025 | $0.47 | $0.45 | 0.02% |
| Sept. 30, 2025 | $0.53 | $0.44 | 0.09% |
| June 30, 2025 | $0.47 | $0.40 | 0.07% |
| March 31, 2025 | $0.39 | $0.40 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EFC | $1.54B | 11.4 | 10.1% | 35.3% | 7.0% | — |
| STWD | $6.67B | 15.7 | -5.3% | 22.3% | 6.2% | — |
| RITM | $6.06B | 10.5 | -6.7% | 15.2% | 8.6% | — |
| DX | $2.45B | 5.7 | 1845.8% | 279.0% | 15.7% | — |
| BXMT | $3.22B | 29.9 | 10.9% | 19.8% | 3.0% | — |
| ARR | $1.98B | 5.4 | 490.8% | 203.8% | 16.5% | — |
| ORC | $1.31B | — | 1944.3% | 146.9% | 13.9% | — |
| TWO | — | -2.2 | — | — | — | — |
| LADR | $1.40B | 21.5 | -32.9% | 69.2% | 4.2% | — |
| CIM | — | — | — | — | — | — |
| ABR | $1.52B | 13.9 | -18.0% | 30.9% | 5.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | · | · | · | · | · | · | · | · | · | $1M | $1M | $1M | |
| Operating Expenses | $239M | $189M | $188M | $85M | $65M | $45M | $39M | $92M | $59M | $44M | $38M | $35M | |
| Operating Income | · | · | · | · | · | · | · | $43M | $35M | $36M | $66M | $59M | |
| Interest Expense | $305M | $280M | $262M | $142M | $44M | $62M | $78M | $57M | $31M | $16M | $12M | $10M | |
| Interest Income | $494M | $416M | $370M | $282M | $176M | $174M | $160M | $131M | $90M | $74M | $102M | $94M | |
| Pretax Income | $98M | $116M | $89M | $-25M | $86M | $2M | $55M | · | · | · | · | · | |
| Income Tax | $4M | $612.0K | $457.0K | $-18M | $3M | $11M | $2M | · | · | · | · | · | |
| Net Income | $119M | $118M | $61M | $-85M | $125M | $17M | $56M | $47M | $34M | $-16M | $38M | $59M | |
| EPS (Basic) | $1.19 | $1.36 | $0.89 | $-1.43 | $2.58 | $0.39 | $1.76 | $1.52 | $1.04 | $-0.48 | $1.13 | $2.09 | |
| EPS (Diluted) | $1.19 | $1.36 | $0.89 | $-1.43 | $2.58 | $0.39 | $1.76 | $1.52 | $1.04 | $-0.48 | $1.13 | $2.09 | |
| Shares (Basic) | 100,528,864 | 87,691,687 | 69,063,163 | 60,615,690 | 49,214,931 | · | · | · | · | · | · | · | |
| EBITDA | · | · | · | · | · | · | · | $43M | $35M | $36M | $66M | $59M |
Balance Sheet 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $202M | $192M | $229M | $217M | $93M | $112M | $72M | $45M | $47M | $123M | $184M | $114M | |
| PP&E (Net) | $868.0K | $1M | $1M | $1M | $0 | · | · | · | · | · | · | · | |
| Intangibles | $2M | $2M | $3M | $3M | $0 | · | · | · | · | · | · | · | |
| Total Assets | $19.35B | $16.32B | $15.32B | $14.09B | $5.18B | $3.41B | $4.34B | $3.97B | $2.99B | $2.41B | $2.99B | $3.95B | |
| Deferred Tax | · | $0 | $0 | $0 | · | · | · | · | · | · | · | · | |
| Total Liabilities | $17.48B | $14.73B | $13.78B | $12.87B | $3.85B | $2.49B | $3.47B | $3.38B | $2.37B | $1.77B | $2.25B | $3.16B | |
| Long-term Debt | · | · | · | $0 | $86M | $86M | $85M | $85M | $85M | $0 | · | · | |
| Common Stock | $113.0K | $91.0K | $83.0K | $64.0K | $58.0K | $44.0K | $39.0K | $564M | $590M | $628M | $722M | $773M | |
| Retained Earnings | $-413M | $-375M | $-353M | $-291M | $-97M | $-142M | $-104M | · | · | · | · | · | |
| Stockholders' Equity | $1.83B | $1.57B | $1.52B | $1.20B | $1.29B | $885M | $829M | $564M | $600M | $638M | $732M | $782M | |
| Liabilities + Equity | $19.35B | $16.32B | $15.32B | $14.09B | $5.18B | $3.41B | $4.34B | $3.97B | $2.99B | $2.41B | $2.99B | $3.95B | |
| Shares Outstanding | 113,138,860 | 90,678,492 | 83,000,488 | 63,812,215 | 57,458,169 | 43,781,684 | 38,647,943 | 29,796,601 | 31,335,938 | 32,294,703 | 33,126,012 | 33,449,678 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $4M | $1M | $1M | $1M | $971.0K | $722.0K | $475.0K | · | · | · | · | · | |
| Deferred Tax | $0 | $0 | $0 | $-18M | $3M | $11M | $1M | · | · | · | · | · | |
| Amort. of Intangibles | $385.0K | $502.0K | $602.0K | $225.0K | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-925M | $-431M | $-242M | $43M | $51M | $120M | $79M | $-494M | $-463M | $70M | $654M | $-604M | |
| Investing Cash Flow | $-4.07B | $-728M | $175M | $-1.75B | $-2.03B | $507M | $-1.66B | · | · | · | · | · | |
| Stock Issued | $302M | $100M | $122M | $99M | $245M | $96M | $157M | · | · | $0 | $0 | $188M | |
| Stock Repurchased | $0 | $685.0K | $12M | $2M | $0 | $3M | $782.0K | $23M | $15M | $14M | $6M | $0 | |
| Net Stock Activity | $302M | $100M | $110M | $98M | $245M | · | $156M | $-23M | $-15M | $-14M | $-6M | $188M | |
| Dividends Paid | $184M | $164M | $149M | $123M | $86M | $65M | $54M | $51M | $58M | $65M | $83M | $86M | |
| Financing Cash Flow | $5.12B | $1.14B | $76M | $1.84B | $1.95B | $-587M | $1.61B | $492M | $387M | $-130M | $-584M | $535M | |
| Net Change in Cash | $129M | $-22M | $9M | $129M | $-19M | $39M | $27M | $-3M | $-76M | $-61M | $70M | $-69M | |
| Taxes Paid | $1M | · | · | · | · | · | · | · | · | · | · | · |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 35.3% | 38.6% | 22.0% | -142.2% | 83.0% | · | 60.6% | · | · | · | · | · | |
| Pretax Margin | 29.1% | 38.0% | 32.2% | -41.6% | 56.7% | · | 67.7% | · | · | · | · | · | |
| ROA | 0.67% | 0.74% | 0.41% | -0.89% | 2.9% | · | 1.4% | 1.3% | 1.3% | -0.59% | 1.1% | 1.7% | |
| ROE | 7.0% | 7.6% | 4.5% | -6.9% | 11.5% | · | 8.1% | 8.0% | 5.5% | -2.3% | 5.0% | 8.4% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | 0.8 | 1.1 | 2.2 | 5.5 | 5.9 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.0 | · | · | · | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.1% | 10.4% | 361.6% | -60.3% | 223.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 77.7% | 26.5% | 81.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 48.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -12.5% | 52.8% | · | · | 561.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -19.2% | 31.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 25.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 0.78% | 93.5% | · | · | 626.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -2.0% | 52.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 47.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 23.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $336M | $306M | $277M | $60M | $151M | $47M | $93M | · | · | · | · | · | |
| Net Income TTM | $119M | $118M | $61M | $-85M | $125M | $17M | $56M | $47M | $34M | $-16M | $38M | $59M | |
| Market Cap | $1.54B | $1.10B | $1.05B | $789M | $982M | · | $708M | $457M | $455M | $501M | · | · | |
| P/E | 11.4 | 8.9 | 14.3 | -8.7 | 6.6 | 38.1 | 10.4 | 10.1 | 14.0 | -32.3 | 14.8 | 9.6 | |
| P/S | 4.6 | 3.6 | 3.8 | 13.2 | 6.5 | · | 7.6 | · | · | · | · | · | |
| P/B | 0.8 | 0.7 | 0.7 | 0.7 | 0.8 | · | 0.9 | 0.8 | 0.8 | 0.8 | · | · | |
| P / Tangible Book | 0.8 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | · | · | · | · | · | · | |
| P / Cash Flow | -1.7 | -2.6 | -4.4 | 18.5 | 19.1 | · | 8.9 | -0.9 | -1.0 | 7.2 | · | · | |
| Dividend Yield | 11.9% | 14.9% | 14.1% | 15.6% | 8.7% | · | 7.7% | 11.1% | 12.7% | 13.0% | · | · | |
| Earnings Yield | 8.8% | 11.2% | 7.0% | -11.6% | 15.1% | 2.6% | 9.6% | 9.9% | 7.2% | -3.1% | 6.7% | 10.5% | |
| Payout Ratio | 154.6% | 138.8% | 245.1% | -144.2% | 68.4% | · | 96.2% | 108.7% | 169.6% | -407.0% | 219.1% | 146.1% | |
| Annual Payout | $184M | $164M | $149M | $123M | $86M | $65M | $54M | $51M | $58M | $65M | $83M | $86M |
Income Statement 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $76M | $80M | $72M | $57M | $57M | $52M | $52M | $51M | $43M | $44M | $68M | $39M | $43M | $38M | $38M | $14M | |
| Interest Expense | $99M | $88M | $87M | $73M | $72M | $73M | $69M | $74M | $67M | $70M | $71M | $69M | $63M | $60M | $60M | $42M | |
| Interest Income | $171M | $150M | $140M | $123M | $115M | $116M | $107M | $107M | $100M | $102M | $99M | $96M | $88M | $87M | $90M | $79M | |
| Pretax Income | $47M | $91M | $6M | $26M | $35M | $31M | $20M | $16M | $48M | $32M | $17M | $14M | $17M | $41M | $33M | $-4M | |
| Income Tax | $52.0K | $966.0K | $1M | $1M | $1M | $-96.0K | $397.0K | $12.0K | $142.0K | $61.0K | $112.0K | $224.0K | $100.0K | $21.0K | $-3M | $-81.0K | |
| Net Income | $54M | $95M | $15M | $30M | $43M | $32M | $22M | $16M | $52M | $27M | $12M | $7M | $3M | $39M | $23M | $-33M | |
| EPS (Basic) | $0.43 | $0.78 | $0.10 | $0.29 | $0.45 | $0.35 | $0.23 | $0.19 | $0.62 | $0.32 | $0.17 | $0.10 | $0.04 | $0.58 | $0.37 | $-0.55 | |
| EPS (Diluted) | $0.43 | $0.78 | $0.10 | $0.29 | $0.45 | $0.35 | $0.23 | $0.19 | $0.62 | $0.32 | $0.17 | $0.10 | $0.04 | $0.58 | $0.37 | $-0.55 | |
| Shares (Basic) | 127,258,882 | 122,984,252 | -191,721,847 | 102,726,164 | 96,995,375 | 92,529,172 | -171,495,766 | 88,039,194 | 85,879,721 | 85,268,538 | -135,007,687 | 68,604,682 | 67,978,186 | 67,487,982 | 565,900 | 60,982,475 |
Balance Sheet 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $247M | $163M | $202M | $185M | $211M | $203M | $192M | $218M | $199M | $187M | $229M | $175M | $195M | $189M | $217M | $175M | |
| PP&E (Net) | $1M | $1M | $868.0K | $960.0K | $1M | $1M | $1M | $1M | $1M | $2M | · | $1M | $1M | · | · | · | |
| Intangibles | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | · | |
| Total Assets | $21.03B | $20.23B | $19.35B | $17.84B | $17.07B | $16.64B | $16.32B | $15.95B | $15.09B | $15.13B | · | $14.45B | $14.30B | $14.11B | · | $6.34B | |
| Total Liabilities | $19.03B | $18.28B | $17.48B | $16.05B | $15.38B | $15.01B | $14.73B | $14.33B | $13.52B | $13.58B | · | $13.11B | $12.96B | $12.74B | · | $5.16B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Common Stock | $128.0K | $125.0K | $113.0K | $106.0K | $98.0K | $94.0K | $91.0K | $91.0K | $85.0K | $85.0K | · | $68.0K | $67.0K | $67.0K | · | $61.0K | |
| Retained Earnings | $-361M | $-366M | $-413M | $-385M | $-374M | $-379M | $-375M | $-362M | $-344M | $-363M | · | $-334M | $-310M | $-282M | · | $-286M | |
| Stockholders' Equity | $1.97B | $1.92B | $1.83B | $1.77B | $1.67B | $1.61B | $1.57B | $1.61B | $1.55B | $1.53B | · | $1.31B | $1.32B | $1.35B | · | $1.16B | |
| Liabilities + Equity | $21.03B | $20.23B | $19.35B | $17.84B | $17.07B | $16.64B | $16.32B | $15.95B | $15.09B | $15.13B | · | $14.45B | $14.30B | $14.11B | · | $6.34B | |
| Shares Outstanding | 127,593,315 | 124,649,023 | 113,138,860 | 106,066,429 | 97,891,157 | 94,428,880 | 90,678,492 | 90,661,736 | 85,041,913 | 85,056,648 | 83,000,488 | 68,234,160 | 67,161,740 | 67,185,076 | 63,812,215 | 60,438,787 |
Cash Flow 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | · | · | · | · | · | · | · | · | · | · | $268.0K | · | · | · | $385.0K | $369.0K | |
| Amort. of Intangibles | $9.0K | $8.0K | $9.0K | $125.0K | $126.0K | $125.0K | $126.0K | $125.0K | $126.0K | $125.0K | $125.0K | $126.0K | $125.0K | $226.0K | · | · | |
| Operating Cash Flow | $-19M | $-10M | $-298M | $-290M | $-211M | $-126M | $-141M | $-142M | $-89M | $-59M | $-79M | $-71M | $-43M | $-49M | $-28M | $-11M | |
| Investing Cash Flow | $-2.27B | $-1.91B | $-1.91B | $-1.02B | $-496M | $-634M | $-621M | $-576M | $76M | $393M | $296M | $14M | $-117M | $-19M | $-167M | $-277M | |
| Stock Issued | $38M | $155M | $97M | $110M | $45M | $51M | $0 | $73M | $0 | $27M | $47M | $15M | $0 | $61M | $46M | $8M | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $161.0K | $524.0K | $0 | $0 | $280.0K | $12M | $0 | $495.0K | |
| Net Stock Activity | · | $155M | · | · | · | $51M | · | · | · | $26M | · | · | · | $49M | · | · | |
| Dividends Paid | $54M | $55M | $50M | $47M | $45M | $43M | $42M | $41M | $40M | $40M | $42M | $37M | $36M | $34M | $32M | $31M | |
| Financing Cash Flow | $2.38B | $1.77B | $2.34B | $1.29B | $720M | $769M | $743M | $742M | $23M | $-370M | $-163M | $37M | $166M | $36M | $241M | $239M | |
| Net Change in Cash | $98M | $-147M | $133M | $-25M | $13M | $8M | $-19M | $24M | $11M | $-37M | $54M | $-20M | $6M | $-32M | $47M | $-49M |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 44.2% | 55.7% | · | 35.6% | 46.4% | 38.2% | · | 24.1% | 57.4% | 35.6% | · | 12.3% | 4.9% | 49.1% | · | -327.5% | |
| Pretax Margin | 38.3% | 53.1% | · | 31.1% | 38.3% | 37.3% | · | 24.0% | 52.8% | 42.2% | · | 26.6% | 28.1% | 52.2% | · | -42.3% | |
| ROA | 0.29% | 0.52% | · | 0.17% | 0.27% | 0.20% | · | 0.11% | 0.36% | 0.18% | · | 0.06% | 0.03% | 0.39% | · | -0.62% | |
| ROE | 3.0% | 5.4% | · | 1.8% | 2.7% | 2.0% | · | 1.1% | 3.6% | 1.9% | · | 0.53% | 0.23% | 2.9% | · | -3.0% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $470M | $429M | · | $325M | $334M | $317M | · | $287M | $280M | $268M | · | $202M | $116M | $68M | · | $15M | |
| Net Income TTM | $222M | $200M | · | $120M | $143M | $127M | · | $102M | $89M | $75M | · | $15M | $-56M | $-69M | · | $-74M | |
| Market Cap | $1.74B | $1.48B | · | $1.38B | $1.27B | $1.25B | · | $1.17B | $1.03B | $1.00B | · | $851M | $927M | $820M | · | $687M | |
| P/E | 7.0 | 6.3 | · | 10.1 | 8.1 | 9.0 | · | 10.5 | 11.2 | 11.4 | · | 73.4 | -13.7 | -10.0 | · | -8.2 | |
| P/S | 3.7 | 3.4 | · | 4.2 | 3.8 | 4.0 | · | 4.1 | 3.7 | 3.8 | · | 4.2 | 8.0 | 12.0 | · | 46.3 | |
| P/B | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.6 | · | 0.6 | |
| P / Tangible Book | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.6 | · | 0.6 | |
| P / Cash Flow | · | -148.3 | · | · | · | -9.9 | · | · | · | -16.9 | · | · | · | -16.9 | · | · | |
| Earnings Yield | 14.3% | 15.8% | · | 9.9% | 12.4% | 11.2% | · | 9.5% | 8.9% | 8.8% | · | 1.4% | -7.3% | -10.0% | · | -12.2% | |
| Payout Ratio | · | 58.0% | · | · | · | 135.4% | · | · | · | 148.4% | · | · | · | 87.3% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $119M | $118M | $61M | $-85M | $125M |
| Diluted EPS | $1.19 | $1.36 | $0.89 | $-1.43 | $2.58 |
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Institutional owners (13F) 265 filers · $470.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 43 (-1 vs prior Q) | 25 (-22 vs prior Q) | 88 (-6 vs prior Q) | 61 (-3 vs prior Q) | +6.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $72,677,046 | 5,339,974 | 15.44% | Shares |
| STATE STREET CORP | $68,043,422 | 4,952,930 | 14.46% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $36,979,677 | 2,716,425 | 7.86% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $30,566,127 | 2,245,858 | 6.49% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $29,396,783 | 2,159,940 | 6.25% | Shares |
| Delphi Financial Group, Inc. | $19,168,270 | 1,408,396 | 4.07% | Shares |
| VAN ECK ASSOCIATES CORP | $17,054,990 | 1,253,122 | 3.62% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $15,690,316 | 1,152,852 | 3.33% | Shares |
| EMG Holdings, L.P. | $15,283,377 | 1,122,952 | 3.25% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $11,712,943 | 860,613 | 2.49% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $11,169,455 | 820,680 | 2.37% | Shares |
| TWO SIGMA INVESTMENTS, LP | $9,380,611 | 689,244 | 1.99% | Shares |
| VANGUARD GROUP INC | $9,199,785 | 677,451 | 1.95% | Shares |
| Dana Investment Advisors, Inc. | $7,278,179 | 534,767 | 1.55% | Shares |
| Bank of New York Mellon Corp | $6,509,336 | 478,276 | 1.38% | Shares |
| Public Sector Pension Investment Board | $5,863,447 | 430,819 | 1.25% | Shares |
| MORGAN STANLEY | $5,450,832 | 400,501 | 1.16% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,172,263 | 380,034 | 1.10% | Shares |
| CITADEL ADVISORS LLC | $4,715,974 | 346,508 | 1.00% | Shares |
| RHUMBLINE ADVISERS | $3,903,264 | 286,795 | 0.83% | Shares |
| Swiss National Bank | $3,319,479 | 243,900 | 0.71% | Shares |
| AMERIPRISE FINANCIAL INC | $2,977,869 | 218,628 | 0.63% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,844,490 | 209,000 | 0.60% | Call option |
| GraniteShares Advisors LLC | $2,762,231 | 202,956 | 0.59% | Shares |
| HBK INVESTMENTS L P | $2,722,000 | 200,000 | 0.58% | Put option |
| FMR LLC | $2,633,899 | 193,527 | 0.56% | Shares |
| Legal & General Group Plc | $2,605,376 | 191,431 | 0.55% | Shares |
| GOLDMAN SACHS GROUP INC | $2,254,156 | 165,625 | 0.48% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,827,780 | 154,243 | 0.39% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,754,438 | 128,908 | 0.37% | Shares |
| DEUTSCHE BANK AG\ | $1,739,399 | 127,803 | 0.37% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,679,216 | 141,706 | 0.36% | Shares |
| Angel Oak Capital Advisors, LLC | $1,622,993 | 119,250 | 0.34% | Shares |
| Amundi | $1,594,371 | 117,147 | 0.34% | Shares |
| BlackRock, Inc. | $1,430,438 | 105,102 | 0.30% | Shares |
| NORDEN GROUP LLC | $1,308,826 | 96,167 | 0.28% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $1,279,136 | 93,985 | 0.27% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,240,960 | 91,180 | 0.26% | Shares |
| CASTLEKEEP INVESTMENT ADVISORS LLC | $1,209,711 | 88,884 | 0.26% | Shares |
| UBS Group AG | $1,154,985 | 84,863 | 0.25% | Shares |
| Lido Advisors, LLC | $1,147,902 | 83,554 | 0.24% | Shares |
| RBF Capital, LLC | $1,088,800 | 80,000 | 0.23% | Shares |
| MetLife Investment Management, LLC | $989,066 | 72,672 | 0.21% | Shares |
| AMERICAN FINANCIAL GROUP INC | $941,349 | 69,166 | 0.20% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $896,491 | 65,870 | 0.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $871,040 | 64,000 | 0.19% | Put option |
| Illinois Municipal Retirement Fund | $868,372 | 63,804 | 0.18% | Shares |
| LPL Financial LLC | $817,641 | 60,076 | 0.17% | Shares |
| ALLSTATE CORP | $767,427 | 56,387 | 0.16% | Shares |
| Savvy Advisors, Inc. | $765,780 | 56,266 | 0.16% | Shares |
| CITIGROUP INC | $754,811 | 55,460 | 0.16% | Shares |
| Louisiana State Employees Retirement System | $748,550 | 55,000 | 0.16% | Shares |
| Artemis Investment Management LLP | $710,034 | 52,170 | 0.15% | Shares |
| HBK Sorce Advisory LLC | $702,845 | 53,085 | 0.15% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $701,255 | 51,525 | 0.15% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $692,055 | 50,849 | 0.15% | Shares |
| CITADEL ADVISORS LLC | $691,388 | 50,800 | 0.15% | Call option |
| Invesco Ltd. | $677,969 | 49,814 | 0.14% | Shares |
| Vanguard Global Advisers, LLC | $643,127 | 47,254 | 0.14% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $638,772 | 46,934 | 0.14% | Shares |
| Jain Global LLC | $627,938 | 46,138 | 0.13% | Shares |
| GUGGENHEIM CAPITAL LLC | $622,481 | 45,737 | 0.13% | Shares |
| Dynamic Technology Lab Private Ltd | $618,000 | 45,460 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $573,076 | 42,107 | 0.12% | Shares |
| Brevan Howard Capital Management LP | $560,923 | 41,214 | 0.12% | Shares |
| FIRST TRUST ADVISORS LP | $552,742 | 40,613 | 0.12% | Shares |
| State of Tennessee, Department of Treasury | $552,594 | 40,602 | 0.12% | Shares |
| Quantinno Capital Management LP | $545,472 | 40,078 | 0.12% | Shares |
| XTX Topco Ltd | $536,180 | 39,396 | 0.11% | Shares |
| Police & Firemen's Retirement System of New Jersey | $500,603 | 36,782 | 0.11% | Shares |
| Balyasny Asset Management L.P. | $493,186 | 36,237 | 0.10% | Shares |
| JANUS HENDERSON GROUP PLC | $487,978 | 41,197 | 0.10% | Shares |
| Graham Capital Management, L.P. | $479,154 | 35,206 | 0.10% | Shares |
| Campbell & CO Investment Adviser LLC | $460,249 | 33,817 | 0.10% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $456,398 | 33,534 | 0.10% | Shares |
| YOUSIF CAPITAL MANAGEMENT, LLC | $452,015 | 33,212 | 0.10% | Shares |
| OSAIC HOLDINGS, INC. | $446,721 | 32,823 | 0.09% | Shares |
| STIFEL FINANCIAL CORP | $425,423 | 31,258 | 0.09% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $404,693 | 29,735 | 0.09% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $401,168 | 29,476 | 0.09% | Shares |
| Quantbot Technologies LP | $399,154 | 29,328 | 0.08% | Shares |
| CenterStar Asset Management, LLC | $389,253 | 28,590 | 0.08% | Shares |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND | $387,395 | 28,464 | 0.08% | Shares |
| Vanguard Investments Australia, Ltd. | $379,297 | 27,869 | 0.08% | Shares |
| KLP KAPITALFORVALTNING AS | $377,314 | 27,500 | 0.08% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $374,850 | 27,542 | 0.08% | Shares |
| Rockefeller Capital Management L.P. | $370,508 | 27,223 | 0.08% | Shares |
| Advisors Preferred, LLC | $368,135 | 27,330 | 0.08% | Shares |
| Cetera Investment Advisers | $367,600 | 27,010 | 0.08% | Shares |
| FIFTH THIRD BANCORP | $352,308 | 25,886 | 0.07% | Shares |
| Kingsview Wealth Management, LLC | $338,519 | 28,567 | 0.07% | Shares |
| MAS Advisors LLC | $333,651 | 25,705 | 0.07% | Shares |
| STRS OHIO | $332,084 | 24,400 | 0.07% | Shares |
| Coppell Advisory Solutions LLC | $325,421 | 28 | 0.07% | Shares |
| RAYMOND JAMES FINANCIAL INC | $324,649 | 23,854 | 0.07% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $322,679 | 23,709 | 0.07% | Shares |
| Nebula Research & Development LLC | $321,671 | 24,763 | 0.07% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $321,228 | 23,602 | 0.07% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $317,399 | 23,321 | 0.07% | Shares |
| Moors & Cabot, Inc. | $306,157 | 22,495 | 0.07% | Shares |
Company insiders 10 insiders · 4 officers · 3 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Laurence Penn | CEO and President | Aug. 30, 2013 S | 154,552 | 0 | 0 | $0 |
| Lisa Mumford | Chief Financial Officer | Dec. 12, 2013 A | — | 0 | 0 | $0 |
| Mark Tecotzky | Co-Chief Investment Officer | Dec. 31, 2011 J | 29,441 | 0 | 0 | $0 |
| Daniel R. Margolis | Secretary | Oct. 8, 2010 P | 450 | 0 | 0 | $0 |
| Edward Resendez | Director | Sept. 11, 2013 A | — | 0 | 0 | $0 |
| Thomas F Robards | Director | Sept. 11, 2013 A | — | 0 | 0 | $0 |
| EMG Holdings, L.P. | 10% owner | July 2, 2012 J | 2,362,091 | 0 | 0 | $0 |
| FBR Capital Markets PT Inc | 10% owner | Oct. 8, 2010 S | 851,725 | 0 | 0 | $0 |
| Michael W Vranos | — | Aug. 5, 2026 J | 1,129,746 | 0 | 0 | $0 |
| Ronald I Simon | — | Sept. 11, 2013 M | 11,782 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Michael W. Vranos, VC Investments L.L.C. (, EMG Holdings, L.P. (, Ellington Financial Management LLC ( ×2 filings | Dec. 13, 2023 | — | Initial filing | — | SEC |
| Michael W. Vranos (2), VC Investments L.L.C. (, EMG Holdings, L.P. (, Ellington Financial Management LLC ( ×11 filings | Oct. 19, 2021 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 56 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| REM · iShares Trust | 3.79% | 1,537,284 SH | Aug. 8, 2026 | Daily |
| HYIN · WisdomTree Trust | 3.72% | 141,323 NS | May 31, 2026 | N-PORT |
| XSHD · Invesco Exchange-Traded Fund Trust … | 3.18% | 169,775 | Aug. 8, 2026 | Daily |
| SRET · Global X Funds | 3.17% | 566,362 NS | April 30, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 1.57% | 36,093 NS | April 30, 2026 | N-PORT |
| RIET · ETF Series Solutions | 1.11% | 85,887 NS | May 31, 2026 | N-PORT |
| XSLV · Invesco Exchange-Traded Fund Trust … | 1.09% | 198,368 | Aug. 8, 2026 | Daily |
| SDIV · Global X Funds | 0.99% | 951,657 NS | April 30, 2026 | N-PORT |
| XSVM · Invesco Exchange-Traded Fund Trust | 0.86% | 416,385 | Aug. 8, 2026 | Daily |
| RZG · Invesco Exchange-Traded Fund Trust | 0.82% | 83,105 | Aug. 8, 2026 | Daily |
| HOMZ · ETF Series Solutions | 0.70% | 17,543 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.48% | 66,866 NS | May 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.37% | 422,665 SH | Aug. 8, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.37% | 7,347 | Aug. 8, 2026 | Daily |
| XSMO · Invesco Exchange-Traded Fund Trust | 0.30% | 689,329 | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.25% | 197,087 NS | April 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 99,448 NS | April 30, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.19% | 149,255 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.19% | 38,820 | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.18% | 1,161,912 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.11% | 108,737 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.11% | 922 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.11% | 19,838 | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.10% | 14,891 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.10% | 1,145,745 SH | Aug. 8, 2026 | Daily |
| PFF · iShares Trust | 0.10% | 541,681 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.09% | 7,653,268 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.09% | 438,417 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 176,266 | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.07% | 1,490 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 58,427 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 3,139,425 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.05% | 18,376 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.05% | 26,833 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 717,157 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.05% | 52,847 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 32,993 NS | May 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 0.04% | 53,333 | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.04% | 5,736 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 56,454 | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 599,124 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 4,487 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 5,362 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,434,942 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.02% | 198,566 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.02% | 4,541 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 24,988 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.02% | 25,342 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 6,203 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,087 NS | May 31, 2026 | N-PORT |