Ellington Financial Inc. - Understand $efc stock

$EFC Market Cap: $1.106 Billion

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Financial Snapshot

Revenue

$408.0M

TTM

Gross Margin

24.01%

TTM

Net Earnings

$107.9M

TTM

Current Assets

$442.6M

Q3 2024

Current Liabilities

$2.806B

Q3 2024

Current Ratio

15.77%

Q3 2024

Total Assets

$15.95B

Q3 2024

Total Liabilities

$14.35B

Q3 2024

Book Value

$1.607B

Q3 2024

Cash

$217.7M

Q3 2024

P/E

10.25

Nov 29, 2024 EST

Free Cash Flow

-$368.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$370.2M	$282.2M	$175.5M	$173.5M	$159.9M	$135.0M	$94.00M	$80.20M	$104.6M	$93.90M	$115.4M	$136.8M	$29.20M	$61.40M	$126.7M	$14.70M	$6.900M
YoY Change	31.17%	60.8%	1.16%	8.51%	18.44%	43.62%	17.21%	-23.33%	11.4%	-18.63%	-15.64%	368.49%	-52.44%	-51.54%	761.9%	113.04%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$370.2M	$282.2M	$175.5M	$173.5M	$159.9M	$135.0M	$94.00M	$80.20M	$104.6M	$93.90M	$115.4M	$136.8M	$29.20M	$61.40M	$126.7M	$14.70M	$6.900M
Cost Of Revenue	$282.9M	$168.5M	$78.40M	$77.10M	$90.10M	$66.60M	$41.90M	$1.123M	$1.355M	$1.231M	$1.133M	$923.0K	$915.0K	$743.0K	$25.60M	$11.70M	$1.400M
Gross Profit	$87.30M	$113.7M	$97.11M	$96.50M	$69.80M	$68.40M	$52.10M	$53.80M	$81.00M	$71.80M	$86.90M	$103.0M	$16.20M	$48.20M	$101.2M	$3.000M	$5.500M
Gross Profit Margin	23.58%	40.28%	55.33%	55.62%	43.65%	50.67%	55.43%	67.08%	77.44%	76.46%	75.3%	75.29%	55.48%	78.5%	79.87%	20.41%	79.71%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$150.4M	$45.29M	$22.24M	$29.40M	$27.10M	$25.30M	$16.90M	$18.00M	$14.80M	$13.00M	$7.600M	$5.900M	$5.800M	$7.700M	$7.800M	$5.400M	$900.0K
YoY Change	232.14%	103.66%	-24.36%	8.49%	7.11%	49.7%	-6.11%	21.62%	13.85%	71.05%	28.81%	1.72%	-24.68%	-1.28%	44.44%	500.0%
% of Gross Profit	172.31%	39.84%	22.9%	30.47%	38.83%	36.99%	32.44%	33.46%	18.27%	18.11%	8.75%	5.73%	35.8%	15.98%	7.71%	180.0%	16.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.095M	$330.0K
YoY Change	231.82%
% of Gross Profit	1.25%	0.29%
Operating Expenses	$187.7M	$84.97M	$65.44M	$44.84M	$38.74M	$91.92M	$58.79M	$44.42M	$38.42M	$35.10M	$36.09M	$39.67M	$18.85M	$20.84M	$7.800M	$5.400M	$2.100M
YoY Change	120.93%	29.83%	45.95%	15.75%	-57.86%	56.34%	32.35%	15.62%	9.46%	-2.73%	-9.04%	110.51%	-9.57%	167.18%	44.44%	157.14%
Operating Profit	-$100.4M	$28.72M	$31.66M	$51.66M	$31.06M	$43.13M	$35.17M	$35.77M	$66.18M	$58.75M	$49.66M	$24.19M	$44.70M	$24.79M	$93.40M	-$2.400M	$3.400M
YoY Change	-449.57%	-9.29%	-38.71%	66.31%	-27.97%	22.63%	-1.67%	-45.95%	12.64%	18.32%	105.3%	-45.88%	80.32%	-73.46%	-3991.67%	-170.59%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$262.5M	$141.8M	$44.03M	$61.67M	$78.48M	$56.71M	$31.12M	$16.31M	$12.11M	$9.927M	$11.03M	$7.799M	$6.647M	$3.826M
YoY Change	85.12%	222.0%	-28.6%	-21.42%	38.39%	82.22%	90.85%	34.63%	22.01%	-9.96%	41.36%	17.33%	73.73%
% of Operating Profit		493.6%	139.05%	119.36%	252.64%	131.49%	88.49%	45.59%	18.3%	16.9%	22.2%	32.24%	14.87%	15.44%
Other Income/Expense, Net	$30.47M	$11.19M	$6.658M	$6.405M	$4.354M	$1.898M	$1.872M	$2.022M	$1.918M	$1.853M	$1.308M
YoY Change	172.24%	68.1%	3.95%	47.11%	129.4%	1.39%	-7.42%	5.42%	3.51%	41.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$89.21M	-$24.97M	$85.60M	$1.821M	$63.18M	$49.90M	$36.00M	-$15.70M	$38.40M	$59.90M	$79.40M	$97.10M	$10.30M	$40.60M	$93.40M	-$2.400M	$3.300M
YoY Change	-457.25%	-129.17%	4600.49%	-97.12%	26.61%	38.61%	-329.3%	-140.89%	-35.89%	-24.56%	-18.23%	842.72%	-74.63%	-56.53%	-3991.67%	-172.73%
Income Tax	$457.0K	-$17.72M	$3.144M	$11.38M	$1.558M						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.51%		3.67%	624.77%	2.47%						0.0%	0.0%	0.0%	0.0%	0.0%		0.0%
Net Earnings	$60.90M	-$85.34M	$125.3M	$17.25M	$56.47M	$46.68M	$33.98M	-$16.01M	$38.09M	$59.17M	$78.52M	$97.15M	$10.33M	$40.57M	$93.40M	-$2.400M	$3.300M
YoY Change	-171.36%	-168.08%	626.85%	-69.46%	20.98%	37.36%	-312.29%	-142.03%	-35.62%	-24.65%	-19.17%	840.7%	-74.55%	-56.56%	-3991.67%	-172.73%
Net Earnings / Revenue	16.45%	-30.24%	71.42%	9.94%	35.31%	34.57%	36.15%	-19.96%	36.41%	63.01%	68.05%	71.01%	35.37%	66.08%	73.72%	-16.33%	47.83%
Basic Earnings Per Share	$0.89	-$1.43	$2.58	$0.39	$1.76	$1.52	$1.04	-$0.48	$1.13	$2.09	$3.28	$5.31	$0.61	$3.04
Diluted Earnings Per Share	$0.89	-$1.43	$2.58	$0.39	$1.76	$1.52	$1.04	-$0.48	$1.13	$2.09	$3.28	$5.31	$0.61	$3.04	$5.661M	-$145.5K	$200.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$228.9M	$217.1M	$92.66M	$111.6M	$72.30M	$44.70M	$47.20M	$123.3M	$183.9M	$114.1M	$183.5M	$59.10M	$62.70M	$35.80M	$102.9M	$61.40M	$61.70M
YoY Change	5.47%	134.24%	-16.97%	54.36%	61.74%	-5.3%	-61.72%	-32.95%	61.17%	-37.82%	210.49%	-5.74%	75.14%	-65.21%	67.59%	-0.49%
Cash & Equivalents	$228.9M	$217.1M	$92.66M	$111.6M	$72.30M	$44.70M	$47.20M	$123.3M	$183.9M	$114.1M	$183.5M	$59.10M	$62.70M	$35.80M	$102.9M	$61.40M	$61.70M
Short-Term Investments
Other Short-Term Assets														$0.00	$0.00	$300.0K
YoY Change															-100.0%
Inventory
Prepaid Expenses
Receivables	$51.88M	$36.76M	$93.55M	$63.10M	$79.80M	$852.6M	$616.4M	$538.8M	$847.4M	$1.385B	$965.6M
Other Receivables	$480.2M	$139.4M	$122.2M	$49.40M	$123.1M	$37.70M	$29.70M	$21.70M	$20.40M	$20.60M	$6.800M
Total Short-Term Assets	$761.1M	$393.2M	$308.4M	$224.1M	$275.2M	$935.0M	$693.3M	$683.8M	$1.052B	$1.519B	$1.156B	$64.80M	$68.80M	$41.70M	$112.2M	$69.40M	$61.70M
YoY Change	93.54%	27.51%	37.61%	-18.57%	-70.57%	34.86%	1.39%	-34.98%	-30.78%	31.44%	1683.8%	-5.81%	64.99%	-62.83%	61.67%	12.48%
Property, Plant & Equipment	$4.389M	$5.244M
YoY Change	-16.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$14.31B	$13.45B	$4.822B	$3.148B	$4.008B	$3.001B	$2.228B	$1.690B	$1.767B	$2.344B	$1.758B	$2.016B	$1.762B	$2.071B	$1.269B	$465.9M	$180.7M
YoY Change	6.39%	178.96%	53.17%	-21.46%	33.57%	34.69%	31.83%	-4.36%	-24.63%	33.33%	-12.78%	14.4%	-14.92%	63.15%	172.44%	157.83%
Other Assets	$13.22M	$4.816M	$175.0K	$200.0K	$200.0K	$400.0K	$400.0K	$700.0K	$4.900M
YoY Change	174.5%	2652.0%	-12.5%	0.0%	-50.0%	0.0%	-42.86%	-85.71%
Total Long-Term Assets	$14.55B	$13.69B	$4.869B	$3.190B	$4.063B	$3.037B	$2.300B	$1.729B	$1.940B	$2.426B	$1.819B	$2.087B	$1.899B	$2.293B	$1.419B	$630.6M	$181.8M
YoY Change	6.3%	181.22%	52.64%	-21.49%	33.81%	32.02%	32.99%	-10.85%	-20.04%	33.35%	-12.84%	9.9%	-17.16%	61.62%	124.94%	246.86%
Total Assets	$15.32B	$14.09B	$5.177B	$3.414B	$4.338B	$3.972B	$2.993B	$2.413B	$2.992B	$3.945B	$2.975B	$2.152B	$1.968B	$2.334B	$1.531B	$700.0M	$243.5M
YoY Change
Accounts Payable	$99.85M	$83.83M	$41.28M	$9.800M	$68.30M	$494.0M	$204.4M	$97.90M	$280.2M	$121.0M	$212.8M	$88.30M	$207.3M	$350.4M	$148.1M	$140.3M	$0.00
YoY Change	19.1%	103.07%	321.23%	-85.65%	-86.17%	141.68%	108.78%	-65.06%	131.57%	-43.14%	141.0%	-57.4%	-40.84%	136.6%	5.56%
Accrued Expenses	$113.3M	$96.27M	$26.67M	$21.90M	$15.10M	$7.200M	$5.900M	$3.500M	$1.800M	$2.400M	$1.500M	$700.0K	$1.000M	$900.0K	$700.0K	$700.0K
YoY Change	17.66%	261.0%	21.77%	45.03%	109.72%	22.03%	68.57%	94.44%	-25.0%	60.0%	114.29%	-30.0%	11.11%	28.57%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$2.967B	$2.610B	$2.470B	$1.497B	$2.445B	$1.499B	$1.209B	$1.058B	$1.174B	$1.670B	$1.237B	$907.1M	$896.2M	$777.8M	$560.0M	$260.5M	$0.00
YoY Change	13.71%	5.67%	64.99%	-38.78%	63.15%	23.94%	14.33%	-9.92%	-29.7%	35.01%	36.38%	1.22%	15.22%	38.89%	114.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.198B	$2.807B	$2.554B	$1.538B	$2.539B	$2.002B	$1.422B	$1.162B	$1.459B	$1.797B	$1.246B	$920.0M	$1.106B	$784.1M	$712.2M	$401.9M
YoY Change	13.93%	9.87%	66.14%	-39.43%	26.82%	40.8%	22.4%	-20.39%	-18.79%	44.2%	35.42%	-16.81%	41.04%	10.1%	77.21%
Long-Term Debt	$10.37B	$9.795B	$1.167B	$891.5M	$830.0M	$497.1M	$267.8M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	5.84%	739.62%	30.86%	7.41%	66.97%	85.62%
Other Long-Term Liabilities	$216.1M	$263.4M	$132.8M	$63.20M	$101.0M	$871.8M	$679.0M	$603.6M	$790.0M	$1.358B	$890.4M	$637.5M	$489.4M	$796.2M	$516.6M	$55.70M	$1.700M
YoY Change	-17.97%	98.31%	110.16%	-37.43%	-88.41%	28.39%	12.49%	-23.59%	-41.8%	52.46%	39.67%	30.26%	-38.53%	54.12%	827.47%	3176.47%
Total Long-Term Liabilities	$10.58B	$10.06B	$1.299B	$954.7M	$931.0M	$1.369B	$946.8M	$603.6M	$790.0M	$1.358B	$890.4M	$637.5M	$489.4M	$796.2M	$516.6M	$55.70M	$1.700M
YoY Change	5.21%	674.07%	36.11%	2.55%	-31.99%	44.58%	56.86%	-23.59%	-41.8%	52.46%	39.67%	30.26%	-38.53%	54.12%	827.47%	3176.47%
Total Liabilities	$13.80B	$12.89B	$3.886B	$2.529B	$3.509B	$3.408B	$2.393B	$1.776B	$2.260B	$3.163B	$2.355B	$1.646B	$1.597B	$1.931B	$1.231B	$458.9M	$1.700M
YoY Change	7.05%	231.69%	53.69%	-27.94%	2.97%	42.39%	34.79%	-21.42%	-28.57%	34.33%	43.08%	3.05%	-17.28%	56.85%	168.23%	26894.12%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	69.06M shares	60.62M shares	49.21M shares
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1061 Billion

About Ellington Financial Inc.

Ellington Financial, Inc. engages in the provision of investment services. The company is headquartered in Old Greenwich, Connecticut and currently employs 400 full-time employees. The company went IPO on 2010-10-08. The firm acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets. The Company’s segments include the Investment Portfolio Segment and the Longbridge Segment. The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), consumer loans and asset-backed securities (ABS), including ABS backed by consumer loans, collateralized loan obligations (CLOs), non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. The firm is externally managed and advised by Ellington Financial Management LLC.

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