Saturday 17 October 2026 Export EARN’s income statement to Excel — free account

Ellington Credit Company

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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Market cap: $127.1M
P/E: 11.5×
Fwd P/E: 13.0×
Dividend yield: 30.1%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 127.11

Revenue 49.86

Net Income 3.96

Free Cash Flow 7.91

Net Debt 508.13

Current Ratio 0.14

Debt/Equity 2.91

P/E ratio 11.53

Fwd P/E 13.00

P/S ratio 1.64

P/B ratio 0.42

Past 5Y EPS Growth —

This Y EPS Growth (3.12%)

Next Y EPS Growth 9.87%

Next Y revenue growth (16.37%)

Next 5Y EPS Growth (4.88%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 33.63%

10-year low 10-year high

P/S against its own 10 years 0.66%

10-year low 10-year high

P/B against its own 10 years 0.52%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.04

Annual Dividend Yield 30.06%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.96	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2025	0.96	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2024	0.96	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2023	0.96	0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2022	1.04	0.10 0.10 0.10 0.10 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
2021	1.18	0.28 0.30 0.30 0.10 0.10 0.10
2020	1.12	0.28 0.28 0.28 0.28
2019	1.18	0.34 0.28 0.28 0.28
2018	1.45	0.37 0.37 0.37 0.34
2017	1.57	0.40 0.40 0.40 0.37
2016	1.65	0.45 0.40 0.40 0.40

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2021	2022	2023	2024
Cash	187	35	39	55
Receivables	5	37	56	22
Inventory	—	—	—	—
Other	—	—	—	—
	191	72	94	76

	2021	2022	2023	2024
Payables	—	—	—	—
ST’ Debt	1,065	842	730	563
Other	—	—	—	—
	1,066	844	731	564

Compound Annual Growth %

	10y	5y	3y
Sales	0.63%	2.61%	20.69%
Cash Flow	(8.12%)	(12.27%)	(31.12%)
Earnings	(8.59%)	(21.61%)	0.00%
Book Value	1.72%	3.79%	7.90%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’24	10	14	13	13	50
’23	9	10	11	12	43
’22	7	9	9	10	35
’21	7	10	5	6	28
’20	10	3	8	6	27
’19	13	12	10	9	44

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’24	(1)	1	3	4	9
’23	(2)	(4)	(3)	(2)	(10)
’22	7	14	4	4	22
’21	7	15	7	6	28
’20	6	9	8	8	24
’19	5	9	4	4	18

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’24	(1)	1	3	4	9
’23	(2)	(4)	(3)	(2)	(10)
’22	7	14	4	4	22
’21	7	15	7	6	28
’20	6	9	8	8	24
’19	5	9	4	4	18

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’24	0.20	(0.04)	0.21	(0.07)	0.28
’23	0.17	0.09	(0.75)	0.75	0.31
’22	(1.33)	(0.82)	(1.04)	0.88	(2.29)
’21	0.01	(0.36)	0.07	(0.21)	(0.50)
’20	(1.35)	1.73	0.66	0.60	1.63
’19	0.72	(0.01)	0.30	0.78	1.79

Fiscal quarters ending in the months shown.

Group	Line	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025e
Price, $
Price, $	Low	—	9.57	12.01	10.14	9.68	2.70	9.81	5.70	5.09	5.54	Analyst estimates 2025–2027 Powerpack
	High	—	14.43	15.74	12.13	12.14	13.30	13.92	11.07	8.15	7.26
People
People	Employees	—	160	160	150	150	150	170	170	170	160
	Revenue/emp, $m	—	0.21	0.31	0.36	0.29	0.18	0.17	0.21	0.25	0.31
Income, $m
Income, $m	Revenue	—	33	49	55	44	27	28	35	43	50
	Gross margin, %	—	92.57	93.94	94.79	93.93	90.19	90.20	93.83	94.86	94.17
	EBT	—	12	11	(11)	22	20	(6)	(30)	5	7
	EBT margin, %	—	35.54	21.93	(20.70)	50.76	73.62	(22.24)	(86.27)	10.71	14.23
	Net income	—	12	11	(11)	22	20	(6)	(30)	5	7
	Depreciation	—	16	9	10	15	14	8	2	1	4
Per share, $
Per share, $	Revenue	—	3.67	4.24	4.26	3.52	2.21	2.24	2.66	2.86	2.11
	Earnings	—	1.31	0.93	(0.88)	1.79	1.63	(0.50)	(2.29)	0.31	0.28
	Cash flow	—	2.18	2.97	2.25	1.41	1.97	2.20	1.70	(0.67)	0.39
	Capex	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	—	2.18	2.97	2.25	1.41	1.97	2.20	1.70	(0.67)	0.39
	Book value	—	15.53	16.61	12.01	12.91	13.47	12.16	8.54	9.16	8.22
	Shares, m	—	9	12	13	12	12	13	13	15	24
Valuation, ×
Valuation, ×	P/E	—	10.13	13.02	0.00	6.06	7.95	0.00	0.00	23.27	22.07
	P/S	—	3.59	2.80	2.40	3.08	5.90	4.65	2.64	2.12	3.13
	P/B	—	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/FCF	—	39.32	24.55	42.65	62.54	37.36	29.24	30.69	(62.96)	84.00
Cash, $m
Cash, $m	Operating cash flow	—	20	34	29	18	24	28	22	(10)	9
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	—	20	34	29	18	24	28	22	(10)	9
Balance, $m
Balance, $m	Working capital	—	(1,052)	(1,433)	(1,384)	(1,249)	(954)	(875)	(771)	(637)	(488)
	Total debt	—	1,198	1,597	1,482	1,296	1,015	1,065	842	730	563
	Net debt	—	1,089	1,460	1,463	1,259	957	878	807	691	508
	Shareholders’ equity	—	142	193	154	161	166	154	112	136	194
Returns, %
Returns, %	ROA	—	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
	ROE	—	8.31	6.45	(6.52)	14.15	12.29	(3.94)	(22.65)	3.67	3.99

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2024

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WHG Westwood Holdings Group Inc	$181.4M	20.0×	— (loss-making)	+9.62% (above 0%: growing)	+50.00% (above 0%: growing)	−58.51% (below 0%: shrinking)	100.00%	8.14%	Compare
NSLR Neostellar Capital Corp.	$181.1M	1.3×	2.9×	+79.14% (above 0%: growing)	n/m	−171.41% (below 0%: shrinking)	100.00%	(7,413.51%)	Compare
WHF WhiteHorse Finance, Inc.	$164.5M	9.6×	8.9×	−23.72% (below 0%: shrinking)	+380.00% (above 0%: growing)	−159.82% (below 0%: shrinking)	100.00%	66.34%	Compare
SPMC Sound Point Meridian Capital, Inc.	$147.8M	— (loss-making)	—	—	+76.60% (above 0%: growing)	—	—	—	Compare
HSDT Solana Company	$142.7M	— (loss-making)	— (loss-making)	+5,774.42% (above 0%: growing)	n/m	−331.34% (below 0%: shrinking)	96.95%	(1,293.47%)	Compare
DFDV DeFi Development Corp.	$135.7M	— (loss-making)	— (loss-making)	+66.87% (above 0%: growing)	n/m	+110.69% (above 0%: growing)	99.37%	(689.20%)	Compare
EARN Ellington Credit Company	$127.1M	11.5×	13.0×	+8.08% (above 0%: growing)	n/m	+293.76% (above 0%: growing)	93.62%	30.14%
SAMG Silvercrest Asset Management Group Inc.	$126.3M	96.3×	22.0×	+0.36% (above 0%: growing)	−90.48% (below 0%: shrinking)	+0.46% (above 0%: growing)	100.00%	3.11%	Compare
ZSTK ZeroStack Corp.	$92.1M	— (loss-making)	— (loss-making)	+40.67% (above 0%: growing)	n/m	+146.50% (above 0%: growing)	11.85%	(177.43%)	Compare
Median of peers	$145.3M	14.8×	8.9×	+40.67%	+63.30%	−58.51%	100.00%	(177.43%)

All 120 Asset Management stocks →

Ellington Credit Company (EARN) key facts

Strength: Ellington Credit Company’s revenue for fiscal 2024 (year ended December 2024) was $49.9 million, up 17.2% from fiscal 2023.
Ellington Credit Company (EARN) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, EARN traded at $3.46, a market capitalization of $127.1 million.
Ellington Credit Company pays an annual dividend of $1.04 per share, a yield of 30.1%.
Return on equity was 3.99% and debt-to-equity 2.91.
Its Piotroski F-score is 7 out of 9 for fiscal 2024.