Saturday 17 October 2026
Export EARN’s income statement to Excel — free account
Ellington Credit Company
EARN Financial Asset Management
Ellington Credit Company’s revenue for fiscal 2024 (year ended December 2024) was $49.9 million, up 17.2% from fiscal 2023. In the quarter to December 2024, revenue grew 8.08%, EPS fell 109.3% and free cash flow grew 293.8%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.
3.46
0.13
+3.90%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 6 | 5 | 5 | 7 | 5 | 5 | 6 | 7 |
P/E ratio |
10.13 | 13.02 | 0.00 | 6.06 | 7.95 | 0.00 | 0.00 | 23.27 | 22.07 |
P/S ratio |
3.59 | 2.80 | 2.40 | 3.08 | 5.90 | 4.65 | 2.64 | 2.12 | 3.13 |
P/FCF ratio |
3.90 | 2.11 | 3.51 | 6.07 | 5.38 | 3.81 | 3.15 | 0.00 | 19.74 |
P/Operating CF |
(18.35) | 15.12 | 19.60 | 30.23 | 20.95 | 21.25 | 21.91 | (39.58) | 35.42 |
P/B ratio |
0.85 | 0.71 | 0.85 | 0.84 | 0.97 | 0.85 | 0.82 | 0.66 | 0.81 |
Price to Tangible BV |
0.85 | 0.71 | 0.85 | 0.84 | 0.97 | 0.85 | 0.82 | 0.66 | 0.81 |
EV/Sales |
36.11 | 32.47 | 29.21 | 31.79 | 40.93 | 35.61 | 25.69 | 18.36 | 13.32 |
EV/EBITDA |
31.50 | 41.87 | 44.71 | 47.88 | 33.69 | 34.06 | 45.49 | 211.88 | 30.36 |
EV/Operating CF |
39.32 | 24.55 | 42.65 | 62.54 | 37.36 | 29.24 | 30.69 | (62.96) | 84.00 |
EV/FCF |
39.32 | 24.55 | 42.65 | 62.54 | 37.36 | 29.24 | 30.69 | (62.96) | 84.00 |
Quick Ratio |
0.12 | 0.10 | 0.07 | 0.04 | 0.06 | 0.18 | 0.09 | 0.13 | 0.14 |
Current Ratio |
0.12 | 0.10 | 0.07 | 0.04 | 0.06 | 0.18 | 0.09 | 0.13 | 0.14 |
Net Debt/EBITDA |
31.13 | 43.32 | 54.41 | 69.19 | 37.10 | 32.04 | 46.53 | (94.28) | 50.05 |
Debt/Assets |
83.83% | 84.64% | 88.42% | 87.05% | 84.97% | 66.62% | 79.96% | 77.14% | 68.31% |
Debt/Equity |
8.46 | 8.29 | 9.63 | 8.06 | 6.10 | 6.90 | 7.49 | 5.35 | 2.91 |
Asset Turnover |
0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.04 | 0.06 |
Operating CF/Net income |
1.67 | 3.19 | (2.55) | 0.79 | 1.21 | (4.42) | (0.74) | (2.20) | 1.38 |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8.31% | 6.45% | (6.52%) | 14.15% | 12.29% | (3.94%) | (22.65%) | 3.67% | 3.99% | |
| 0.80% | 0.65% | (0.63%) | 1.41% | 1.50% | (0.45%) | (2.28%) | 0.46% | 0.74% | |
ROIC |
0.98% | 0.92% | 0.64% | 0.14% | 0.64% | 1.20% | 1.02% | (0.62%) | 0.56% |
Return on Tangible Assets |
(1.13%) | (0.75%) | 0.82% | (1.78%) | (2.11%) | 0.72% | 3.91% | (0.72%) | (1.35%) |
Average Days of Receivables |
412.22 | 203.24 | 533.95 | 87.54 | 54.96 | 57.96 | 383.48 | 477.42 | 158.21 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.78% | 3.07% | 2.61% | 3.02% | 6.77% | 5.85% | 4.38% | 4.39% | 7.34% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.49% | 0.40% | 0.37% | 0.49% | 0.88% | 0.96% | 0.89% | 0.60% | 0.89% |
Graham Net Nets |
(9.50) | (11.12) | (10.86) | (9.47) | (6.00) | (9.51) | (9.42) | (7.95) | (3.55) |
Graham Number |
21.32 | 18.44 | 0.00 | 22.80 | 22.29 | 0.00 | 0.00 | 7.32 | 7.45 |
Earnings Yield |
9.87% | 7.68% | (8.70%) | 16.50% | 12.58% | (4.72%) | (32.95%) | 4.30% | 4.53% |
Free Cash Flow Yield |
25.61% | 47.32% | 28.51% | 16.49% | 18.58% | 26.22% | 31.76% | (13.78%) | 5.07% |
Revenue per Share |
3.67 | 4.24 | 4.26 | 3.52 | 2.21 | 2.24 | 2.66 | 2.86 | 2.11 |
Operating CF per Share |
2.18 | 2.97 | 2.25 | 1.41 | 1.97 | 2.20 | 1.70 | (0.67) | 0.39 |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
2.18 | 2.97 | 2.25 | 1.41 | 1.97 | 2.20 | 1.70 | (0.67) | 0.39 |
Cash per Share |
11.90 | 11.86 | 1.48 | 3.00 | 4.71 | 14.71 | 2.68 | 2.59 | 2.33 |
Shareholders Equity per Share |
15.53 | 16.61 | 12.01 | 12.91 | 13.47 | 12.16 | 8.54 | 9.16 | 8.22 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
15.53 | 16.61 | 12.01 | 12.91 | 13.47 | 12.16 | 8.54 | 9.16 | 8.22 |
Free Cash Flow |
19.93 | 34.41 | 28.85 | 17.53 | 24.37 | 27.88 | 22.42 | (10.02) | 9.11 |
Working Capital |
(1,052.27) | (1,432.97) | (1,383.63) | (1,248.91) | (953.88) | (875.03) | (771.46) | (636.51) | (488.01) |
Net Current Asset Value |
(1,141.11) | (1,529.42) | (1,422.98) | (1,280.31) | (966.13) | (1,253.20) | (869.13) | (715.26) | (553.91) |
EV/EBIT |
62.95 | 65.35 | 96.43 | 424.75 | 96.99 | 50.79 | 59.73 | 0.00 | 105.68 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
5.31 | 4.76 | 5.18 | 9.52 | 8.52 | 5.95 | 5.28 | 32.45 | 8.67 |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
1.38% | 1.79% | 1.74% | 1.17% | 1.97% | 1.98% | 2.26% | (1.11%) | 1.12% |
Accounts Receivable Turnover |
0.34 | 1.51 | 1.02 | 0.97 | 3.73 | 6.58 | 1.70 | 0.92 | 1.29 |
Accounts Payable Turnover |
21.65 | 25.93 | (10.93) | (44.33) | 114.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
98.84 | 32.61 | 53.60 | 45.16 | 7.32 | 4.31 | 20.64 | 46.22 | 38.63 |
Average Payables |
0.12 | 0.12 | (0.26) | (0.06) | 0.02 | — | — | — | — |
Average Assets |
1,492.91 | 1,658.11 | 1,781.33 | 1,582.34 | 1,341.96 | 1,396.64 | 1,326.05 | 999.66 | 884.89 |
Average Common Equity |
143.27 | 167.19 | 173.26 | 157.33 | 163.62 | 160.31 | 133.32 | 124.32 | 164.98 |
Columns are period end dates