Saturday 17 October 2026
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MFA Financial, Inc.
MFA Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $745.1 million, up 2.91% from fiscal 2024. In the quarter to June 2026, revenue grew 4.48%, EPS grew 59.1%, free cash flow grew 162.6% and total debt rose 22.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.
6.59
0.11
−1.64%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
7.05 | 12.43 | 25.00 | 0.00 | 7.02 | 0.00 | 9.56 | 9.68 | 9.95 | 9.82 |
P/S ratio |
1.29 | 1.46 | 1.90 | 2.17 | 5.57 | 4.06 | 4.96 | 6.14 | 7.04 | 6.30 |
P/FCF ratio |
5.58 | 3.68 | 5.14 | 2.14 | 6.22 | 5.80 | 11.43 | 10.99 | 13.19 | 13.71 |
P/Operating CF |
25.62 | 9.46 | 301.26 | 156.35 | 70.28 | 81.24 | 55.48 | 48.56 | 55.39 | 35.75 |
P/B ratio |
0.53 | 0.57 | 0.61 | 0.53 | 0.79 | 0.70 | 1.02 | 0.82 | 0.94 | 0.95 |
Price to Tangible BV |
0.53 | 0.57 | 0.61 | 0.53 | 0.80 | 0.70 | 1.02 | 0.82 | 0.94 | 0.95 |
EV/Sales |
15.46 | 13.27 | 15.19 | 15.27 | 22.06 | 12.18 | 19.18 | 23.24 | 21.23 | 24.59 |
EV/EBITDA |
19.48 | 17.53 | 21.97 | 25.37 | 40.71 | 17.45 | 21.07 | 26.08 | 22.14 | 25.02 |
EV/Operating CF |
151.06 | 48.01 | 84.59 | 20.73 | 58.01 | 137.35 | 61.86 | 71.60 | 52.14 | 62.70 |
EV/FCF |
66.70 | 33.57 | 41.11 | 15.05 | 24.61 | 17.40 | 44.22 | 41.58 | 39.75 | 53.55 |
Quick Ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current Ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Net Debt/EBITDA |
17.85 | 15.61 | 19.23 | 21.76 | 32.70 | 11.63 | 16.46 | 19.19 | 14.80 | 18.62 |
Debt/Assets |
83.85% | 80.24% | 79.24% | 74.76% | 69.79% | 62.56% | 73.93% | 63.44% | 60.38% | 69.59% |
Debt/Equity |
5.99 | 4.97 | 4.49 | 3.43 | 2.51 | 1.72 | 2.96 | 2.31 | 2.03 | 2.86 |
Asset Turnover |
0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
Operating CF/Net income |
0.56 | 2.32 | 2.30 | (1.34) | 0.47 | (0.05) | 0.59 | 0.52 | 0.57 | 0.60 |
Capex/Depreciation |
78.53 | (15.69) | (6.06) | (4.91) | (3.15) | 24.18 | 1.90 | 3.65 | 1.73 | 0.81 |
Interest Coverage |
1.15 | 1.06 | 1.02 | 1.23 | 2.01 | 1.08 | 1.81 | 1.62 | 1.95 | 2.13 |
| 7.44% | 4.62% | 2.43% | (11.67%) | 11.68% | (24.01%) | 10.68% | 8.59% | 9.77% | 9.92% | |
| 1.12% | 0.78% | 0.48% | (2.90%) | 3.68% | (6.92%) | 2.79% | 2.45% | 2.62% | 2.32% | |
ROIC |
2.98% | 3.33% | 2.75% | 2.39% | 1.78% | 3.01% | 2.83% | 2.10% | 2.55% | 2.26% |
Return on Tangible Assets |
1.48% | 0.92% | 0.50% | (3.30%) | 3.56% | (11.54%) | 4.79% | 6.01% | 11.40% | 17.27% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 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 |
16.03% | 18.22% | 21.41% | 23.36% | 22.83% | 13.10% | 7.57% | 10.11% | 11.45% | 9.97% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% | 1.76% | 1.85% | 2.00% |
Graham Net Nets |
(2.10) | (0.15) | 0.57 | 0.85 | 0.85 | 0.99 | (0.75) | (1.51) | (1.64) | (2.68) |
Graham Number |
22.89 | 18.12 | 13.72 | 0.00 | 36.66 | 0.00 | 46.49 | 45.01 | 48.87 | 48.22 |
Earnings Yield |
14.18% | 8.05% | 4.00% | (25.20%) | 14.25% | (40.62%) | 10.46% | 10.33% | 10.05% | 10.18% |
Free Cash Flow Yield |
17.91% | 27.15% | 19.46% | 46.69% | 16.09% | 17.24% | 8.75% | 9.10% | 7.58% | 7.29% |
Revenue per Share |
7.19 | 7.00 | 5.92 | 4.68 | 3.27 | 3.83 | 6.17 | 4.35 | 4.46 | 4.93 |
Operating CF per Share |
0.74 | 1.93 | 1.06 | 3.44 | 1.24 | 0.34 | 1.91 | 1.41 | 1.82 | 1.93 |
Capex per Share |
0.93 | 0.83 | 1.13 | 1.30 | 1.69 | 2.34 | 0.76 | 1.02 | 0.57 | 0.33 |
Free Cash Flow per Share |
1.67 | 2.77 | 2.19 | 4.74 | 2.93 | 2.68 | 2.68 | 2.43 | 2.38 | 2.26 |
Cash per Share |
3.73 | 5.81 | 4.78 | 4.79 | 3.65 | 7.27 | 1.19 | 0.85 | 4.78 | 3.43 |
Shareholders Equity per Share |
17.65 | 17.80 | 18.59 | 19.28 | 22.97 | 22.34 | 30.01 | 32.62 | 33.59 | 32.70 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.65 | 17.80 | 18.59 | 19.28 | 22.97 | 22.34 | 30.01 | 32.62 | 33.59 | 32.70 |
Free Cash Flow |
172.67 | 286.27 | 223.77 | 489.33 | 324.81 | 303.12 | 301.80 | 254.69 | 231.51 | 210.06 |
Working Capital |
9,197.02 | 9,412.54 | 9,529.50 | 8,012.82 | 8,317.45 | 6,146.92 | 7,585.62 | 4,771.40 | 2,697.37 | 1,723.80 |
Capital Expenditures |
96.43 | 86.15 | 115.03 | 133.98 | 187.01 | 264.73 | 86.02 | 106.80 | 55.00 | 30.67 |
Net Current Asset Value |
(2,021.73) | (155.28) | 656.73 | 889.26 | 1,720.61 | 1,739.42 | (2,598.60) | (4,232.82) | (4,995.72) | (7,726.32) |
EV/EBIT |
19.52 | 17.36 | 21.02 | 23.19 | 33.02 | 18.10 | 22.19 | 28.10 | 23.98 | 27.31 |
Capex to Sales |
(0.13) | (0.12) | (0.19) | (0.28) | (0.52) | (0.61) | (0.12) | (0.23) | (0.13) | (0.07) |
Price to Operating Income |
1.63 | 1.91 | 2.63 | 3.30 | 8.34 | 6.04 | 5.74 | 7.43 | 7.95 | 6.99 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
1.31% | 2.47% | 2.05% | 5.26% | 3.48% | 3.95% | 2.23% | 2.24% | 2.24% | 1.74% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Assets |
12,228.03 | 11,091.15 | 9,942.55 | 9,126.05 | 8,035.99 | 10,250.24 | 12,994.25 | 11,687.53 | 11,719.38 | 12,823.29 |
Average Common Equity |
1,834.55 | 1,870.66 | 1,944.19 | 2,265.66 | 2,533.64 | 2,954.24 | 3,399.95 | 3,338.79 | 3,147.69 | 3,000.50 |
Columns are period end dates