Ladder Capital Corp (LADR) vs MFA Financial, Inc. (MFA)

Ladder Capital Corp and MFA Financial, Inc. are both Reit Mortgage companies. Ladder Capital Corp is the larger, with a market value of $1.2B against $662.1M — 1.7× the size. MFA Financial, Inc. has negative trailing earnings, so its P/E is not meaningful; Ladder Capital Corp trades at 11.4×. MFA Financial, Inc. grew revenue faster over the last twelve months: 6.83% against −12.4%. Ladder Capital Corp has the higher net margin (109.5% vs 0.00%) and the higher return on invested capital (0.42% vs 0.00%). Both pay a dividend; MFA Financial, Inc. yields more (22.1% vs 10.1%). Across the 20 metrics below, MFA Financial, Inc. leads on 11 and Ladder Capital Corp on 9.

Valuation

Metric LADR MFA Reit Mortgage median
P/E 11.39 n/m 14.55
P/S 12.52 0.86 1.72
P/B 0.77 0.42 0.52
Price to free cash flow 4.65 1.19 4.35
EV/EBITDA 56.93 19.57 28.27
EV/Sales 59.91 15.33 15.73
Earnings yield 8.78% (8.13%) 0.23%
Free cash flow yield 21.53% 84.37% 13.86%

Profitability

Metric LADR MFA Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 43.19% 0.00% 31.94%
Net margin 109.47% 0.00% (1.81%)
Free cash flow margin 270.85% 72.62% 27.05%
Return on equity 6.70% 0.00% (0.49%)
Return on assets 1.84% 0.00% (0.06%)
Return on invested capital 0.42% 0.00% 0.79%

Growth

Metric LADR MFA Reit Mortgage median
Revenue growth (TTM) (12.44%) 6.83% 1.39%
EPS growth (last fiscal year) (40.70%) 58.54% 45.25%
Revenue growth, 5-year CAGR 49.36% 11.47% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LADR MFA Reit Mortgage median
Debt to equity 2.98 0.00 2.91
Current ratio 49.89 0.00 0.82
Net debt to EBITDA 36.15 17.85 18.31

Dividend

Metric LADR MFA Reit Mortgage median
Dividend yield 10.09% 22.09% 17.37%
Payout ratio 1.15 1.44 1.87

Size

Metric LADR MFA Reit Mortgage median
Market cap 1.15b 662.12m 409.49m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack