What is MFA Financial, Inc.'s earnings per share (EPS)?

MFA Financial, Inc. (MFA) reported diluted earnings per share of $1.30 for fiscal year 2025. This represents a 58.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MFA Financial, Inc. (MFA) Financials

MFA

Trailing 12 months to June 30, 2026

Revenue $764.9M +4.9% YoY

Net Income $148.2M +15.4% YoY

EPS (Diluted) $1.01 +14.8% YoY

Operating Cash Flow $252.2M +103.3% YoY

Market Cap $735.9M as of Oct 7, 2026

Price / Sales 1.0x on $764.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 5.0x on $148.2M net income, trailing 12 months to June 30, 2026

Price / Book 0.4x on $1.8B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MFA SEC filings page.

MFA Financial, Inc. (MFA) reported $764.9M in revenue over the twelve months to Jun 30, 2026, up 4.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MFA FY2025 2026-10-03

MFA’s balance sheet is expanding through more leverage, while 2025 earnings improved but converted less effectively into operating cash.

The earnings-quality gap shifted materially in FY2025: net income rose from $119M in FY2024 to $177M. Operating cash flow then fell from $200M to $76M, so stronger reported profit did not arrive with stronger cash generation.

Balance-sheet expansion is the dominant structural change. Total assets climbed from $10.8B in FY2023 to $13.0B in FY2025, enlarging the financial platform. Debt-to-equity rose from 4.7x to 6.1x, indicating that expansion increasingly relied on liabilities relative to shareholder capital.

Interest expense increased from $429M in FY2023 to $514M in FY2025, making funding costs a central determinant of reported results. In FY2025, dividends paid were $148M versus net income of $177M, so a large share of that year’s earnings was distributed rather than retained.

Financial Health Signals

Financial health score not available

MFA Financial, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

MFA Financial, Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.43x

For every $1 of reported earnings, MFA Financial, Inc. generates $0.43 in operating cash flow ($76.2M OCF vs $176.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$196.8M

YoY+4.5%

QoQ+2.5%

5Y CAGR+18.4%

10Y CAGR+7.7%

MFA Financial, Inc. generated $196.8M in revenue in Q2 2026. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is up 2.5%.

Net Income

$46.8M

YoY+41.0%

QoQ+4855.9%

5Y CAGR-6.8%

10Y CAGR-5.1%

MFA Financial, Inc. reported $46.8M in net income in Q2 2026. This represents an increase of 41.0% from the same quarter a year earlier. Against the prior quarter it is up 4855.9%.

EPS (Diluted)

$0.34

YoY+61.9%

5Y CAGR-8.5%

MFA Financial, Inc. earned $0.34 per diluted share (EPS) in Q2 2026. This represents an increase of 61.9% from the same quarter a year earlier.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$141.2M

YoY-48.8%

QoQ-36.3%

5Y CAGR-31.1%

10Y CAGR-2.5%

MFA Financial, Inc. held $141.2M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.36

YoY0.0%

5Y CAGR-2.1%

MFA Financial, Inc. paid $0.36 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier.

Shares Outstanding

101M

YoY-1.5%

5Y CAGR-25.5%

10Y CAGR-12.2%

MFA Financial, Inc. had 101M shares outstanding in Q2 2026. This represents a decrease of 1.5% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

23.8%

YoY+6.2pp

QoQ+24.3pp

5Y change-55.1pp

10Y change-60.4pp

MFA Financial, Inc.'s net profit margin was 23.8% in Q2 2026, showing the share of revenue converted to profit. This is up 6.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 24.3 percentage points.

Return on Equity

2.6%

YoY+0.8pp

QoQ+2.7pp

5Y change0.0pp

10Y change-0.1pp

MFA Financial, Inc.'s ROE was 2.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$5.1M

QoQ-43.3%

5Y CAGR-28.3%

MFA Financial, Inc. spent $5.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 43.3%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

MFA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MFA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$764.9M	$745.1M+2.9%	$724.0M+19.5%	$605.6M+25.5%	$482.4M+33.2%	$362.3M-16.3%	$432.8M-26.6%	$589.4M+54.5%	$381.5M-3.3%	$394.3M+5.8%	$372.7M+1.7%	$366.4M+2.1%	$358.8M+5.3%	$340.7M-2.4%	$349.1M-2.5%	$358.2M
SG&A Expenses	$75.3M	$77.7M-11.4%	$87.7M+2.2%	$85.8M-23.8%	$112.5M+31.6%	$85.5M+175.6%	$31.0M-3.7%	$32.2M+13.4%	$28.4M-10.3%	$31.7M+8.2%	$29.3M+11.4%	$26.3M+2.8%	$25.6M+25.8%	$20.3M-8.0%	$22.1M+16.5%	$19.0M
Interest Expense	$534.9M	$514.0M-1.4%	$521.2M+21.5%	$429.1M+65.8%	$258.8M+115.0%	$120.4M-55.2%	$268.8M-19.1%	$332.4M+43.1%	$232.2M+17.8%	$197.1M+2.0%	$193.4M+9.3%	$176.9M+10.7%	$159.8M-2.6%	$164.0M-4.5%	$171.7M+14.9%	$149.4M
Income Tax	-$101K	-$735K-265.9%	$443K+59.4%	$278K+132.7%	-$851K-131.9%	$2.7M+33.4%	$2.0M+301.0%	$499K	$0	$0	$0	$0	$0	$0	N/A	N/A
Net Income	$148.2M	$176.8M+48.2%	$119.3M+48.8%	$80.2M+134.6%	-$231.6M-170.4%	$328.9M+148.4%	-$679.4M-279.7%	$378.1M+25.3%	$301.8M-6.4%	$322.4M+3.1%	$312.7M-0.2%	$313.2M-0.1%	$313.5M+3.6%	$302.7M-1.3%	$306.8M-3.0%	$316.4M
EPS (Basic)	N/A	$1.31+57.8%	$0.83+80.4%	$0.46+117.9%	-$2.57-196.6%	$2.66+142.4%	-$6.28-295.6%	$3.21+372.1%	$0.68-13.9%	$0.79	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$1.01	$1.30+58.5%	$0.82+78.3%	$0.46	-$2.57	$2.63+141.9%	-$6.28-298.1%	$3.17	$0.68-13.9%	$0.79	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	104M-1.1%	105M+1.5%	104M	103M	119M+5.0%	113M-3.4%	117M	419M+7.9%	388M	N/A	N/A	N/A	N/A	N/A	342M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$196.8M+4.5%	$191.9M+6.3%	$190.4M+6.8%	$185.8M+2.1%	$188.3M+0.8%	$180.5M+2.1%	$178.3M+5.0%	$182.0M+14.3%
SG&A Expenses	$18.0M-6.8%	$22.2M-4.7%	$16.9M-44.4%	$18.2M-18.9%	$19.3M-11.2%	$23.3M+78.3%	$30.4M-4.9%	$22.4M+111.4%
Interest Expense	$138.2M+8.8%	$132.7M+7.9%	$134.9M+5.8%	$129.0M-1.8%	$127.1M-4.7%	$123.0M-4.7%	$127.5M+3.3%	$131.3M+16.2%
Income Tax	$0-100.0%	$0+100.0%	$0+100.0%	-$101K-106.7%	$238K-31.2%	-$872K-183.1%	-$2.5M-15337.5%	$1.5M+1514.9%
Net Income	$46.8M+41.0%	-$984K-102.4%	$54.3M+819.3%	$48.1M-0.2%	$33.2M-20.9%	$41.2M+77.4%	$5.9M-93.4%	$48.2M+185.4%
EPS (Basic)	$0.35+59.1%	-$0.11-134.4%	$0.42+2200.0%	$0.36-5.3%	$0.22-31.3%	$0.32+128.6%	-$0.02-102.5%	$0.38+159.4%
EPS (Diluted)	$0.34+61.9%	-$0.11	$0.43+4400.0%	$0.35-5.4%	$0.21-34.4%	$0.31+121.4%	-$0.01-101.3%	$0.37+157.8%
Diluted Shares (Avg)	105M+0.1%	106M	N/A	106M-0.6%	105M+0.1%	105M+0.1%	N/A	106M+4.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

MFA Balance Sheet

MFA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$13.0B+14.3%	$11.4B+5.9%	$10.8B+18.2%	$9.1B-0.3%	$9.1B+31.8%	$6.9B-48.9%	$13.6B+9.2%	$12.4B+13.4%	$11.0B-12.2%	$12.5B-5.2%	$13.2B+6.5%	$12.4B-0.9%	$12.5B-7.7%	$13.5B+15.0%	$11.8B
Cash & Equivalents	$213.2M-37.1%	$338.9M+6.6%	$318.0M-4.8%	$334.2M+9.7%	$304.7M-62.6%	$814.4M+1053.0%	$70.6M+35.9%	$52.0M-88.4%	$449.8M+72.9%	$260.1M+57.6%	$165.0M-9.6%	$182.4M-67.7%	$565.4M+40.9%	$401.3M+1.8%	$394.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M	$0	N/A	$7.2M+0.2%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M
Total Liabilities	$11.2B+17.3%	$9.6B+7.8%	$8.9B+24.6%	$7.1B+8.0%	$6.6B+49.7%	$4.4B-56.7%	$10.2B+13.1%	$9.0B+17.0%	$7.7B-18.6%	$9.5B-7.3%	$10.2B+11.4%	$9.2B-1.9%	$9.3B-8.6%	$10.2B+10.3%	$9.3B
Total Equity	$1.8B-0.8%	$1.8B-3.1%	$1.9B-4.5%	$2.0B-21.8%	$2.5B+0.7%	$2.5B-25.4%	$3.4B-0.9%	$3.4B+4.7%	$3.3B+7.5%	$3.0B+2.2%	$3.0B-7.4%	$3.2B+1.9%	$3.1B-5.1%	$3.3B+32.6%	$2.5B
Retained Earnings	-$1.9B-0.8%	-$1.9B-3.4%	-$1.8B-5.8%	-$1.7B-34.3%	-$1.3B+9.0%	-$1.4B-122.7%	-$631.0M+0.2%	-$632.0M-9.2%	-$579.0M-1.1%	-$572.6M-0.1%	-$572.3M-0.7%	-$568.6M+0.5%	-$571.5M-119.6%	-$260.3M-7.1%	-$243.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$13.7B+17.0%	$13.2B+14.8%	$13.0B+14.3%	$12.1B+8.4%	$11.7B+5.4%	$11.5B+5.9%	$11.4B+5.9%	$11.2B+10.4%
Cash & Equivalents	$141.2M-48.8%	$221.6M-12.7%	$213.2M-37.1%	$305.2M-0.1%	$275.7M-4.7%	$253.7M-17.2%	$338.9M+6.6%	$305.6M+1.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%
Total Liabilities	$11.9B+20.6%	$11.5B+18.3%	$11.2B+17.3%	$10.3B+10.7%	$9.9B+7.2%	$9.7B+7.7%	$9.6B+7.8%	$9.3B+12.4%
Total Equity	$1.8B-2.5%	$1.8B-3.2%	$1.8B-0.8%	$1.8B-3.1%	$1.8B-3.2%	$1.8B-2.4%	$1.8B-3.1%	$1.9B+1.7%
Retained Earnings	-$1.9B-2.4%	-$1.9B-3.2%	-$1.9B-0.8%	-$1.9B-3.3%	-$1.9B-3.1%	-$1.9B-2.4%	-$1.9B-3.4%	-$1.8B+1.2%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

MFA Cash Flow Statement

MFA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$252.2M	$76.2M-61.9%	$200.1M+84.0%	$108.7M-69.4%	$355.3M+157.9%	$137.8M+258.9%	$38.4M-82.2%	$215.8M+45.9%	$147.9M-16.2%	$176.5M-1.6%	$179.4M-35.5%	$278.1M+8.7%	$255.8M-14.2%	$298.1M-4.0%	$310.4M-7.2%	$334.4M
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.3M+81.8%	$1.8M+20.1%	$1.5M+57.6%	$964K+12.1%	$860K-27.8%	$1.2M-79.6%	$5.8M+65.0%	$3.5M+32.7%	$2.7M
Stock-Based Compensation	N/A	$12.1M-13.1%	$13.9M-7.7%	$15.0M+32.6%	$11.3M+25.4%	$9.0M+34.5%	$6.7M-27.2%	$9.2M+15.4%	$8.0M-0.3%	$8.0M-12.3%	$9.2M+17.0%	$7.8M-8.7%	$8.6M+106.4%	$4.2M-35.9%	$6.5M+48.0%	$4.4M
Capital Expenditures	N/A	N/A	N/A	N/A	$300K-97.5%	$12.0M+147.8%	$4.9M+158.8%	$1.9M+65.8%	$1.1M+29.9%	$872K+23.2%	$708K-54.6%	$1.6M+98.5%	$786K+110.7%	$373K-15.8%	$443K-81.1%	$2.3M
Free Cash Flow	N/A	N/A	N/A	N/A	$355.0M+182.3%	$125.8M+275.0%	$33.5M-84.3%	$213.9M+45.8%	$146.7M-16.4%	$175.6M-1.7%	$178.7M-35.4%	$276.6M+8.4%	$255.0M-14.3%	$297.7M-3.9%	$309.9M-6.7%	$332.1M
Investing Cash Flow	-$2.4B	-$1.8B-320.5%	-$424.6M+72.6%	-$1.5B-38.9%	-$1.1B+48.9%	-$2.2B-134.2%	$6.4B+662.6%	-$1.1B+47.4%	-$2.2B-218.8%	$1.8B+94.3%	$934.6M+68.7%	$554.1M+22.9%	$451.0M-71.8%	$1.6B+346.1%	-$650.4M	N/A
Financing Cash Flow	$1.9B	$1.5B+342.7%	$337.6M-76.5%	$1.4B+68.8%	$850.2M-47.8%	$1.6B+128.4%	-$5.7B-694.4%	$964.9M-41.0%	$1.6B+188.5%	-$1.8B-79.0%	-$1.0B-21.5%	-$849.7M+22.0%	-$1.1B+37.2%	-$1.7B-599.4%	$347.3M	N/A
Dividends Paid	$151.5M	$148.2M+3.0%	$143.9M+0.5%	$143.1M-22.2%	$184.0M+17.9%	$156.1M+37.6%	$113.5M-68.6%	$361.6M+9.6%	$329.8M+6.9%	$308.6M+3.6%	$297.9M+0.2%	$297.4M+0.9%	$294.7M-50.5%	$594.8M+74.3%	$341.2M+3.6%	$329.3M
Share Buybacks	$24.3M	$15.3M+927.0%	$1.5M	$0-100.0%	$102.3M+19.5%	$85.6M+68.4%	$50.8M	$0	$0	N/A	N/A	$0	$0-100.0%	$16.3M+67.6%	$9.7M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$128.8M+234.9%	$71.1M+588.0%	$37.6M-66.2%	$14.7M+230.6%	$38.5M-17.3%	-$14.6M-127.2%	$111.4M+2819.8%	-$11.3M-128.3%
Stock-Based Compensation	$2.2M-2.6%	$6.3M+4.6%	N/A	$1.9M-11.5%	$2.3M-41.7%	$6.1M-3.1%	N/A	$2.1M-52.7%
Investing Cash Flow	-$687.9M-2155.0%	-$225.6M+10.3%	-$1.2B-409.3%	-$272.0M-402.6%	-$30.5M+83.2%	-$251.5M-175.2%	-$241.8M+21.8%	$89.9M+116.4%
Financing Cash Flow	$458.5M+619.7%	$178.7M+29.4%	$1.0B+356.2%	$249.3M+312.8%	$63.7M-56.7%	$138.1M+75.0%	$228.8M-32.7%	-$117.1M-125.5%
Dividends Paid	$37.7M+0.8%	$38.9M+8.3%	$37.3M+3.6%	$37.6M+4.2%	$37.4M+3.8%	$35.9M+0.3%	$36.0M+0.6%	$36.0M+0.7%
Share Buybacks	$5.1M	$9.0M+74.1%	$5.0M	$5.1M	$0	$5.2M+248.0%	$0	$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.

MFA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MFA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	23.7%+7.3pp	16.5%+3.2pp	13.2%+61.2pp	-48.0%-138.8pp	90.8%	-157.0%	64.1%-15.0pp	79.1%-2.6pp	81.8%-2.1pp	83.9%-1.6pp	85.5%-1.9pp	87.4%-1.5pp	88.8%+1.0pp	87.9%-0.4pp	88.3%
Return on Equity	9.7%+3.2pp	6.5%+2.2pp	4.2%+15.9pp	-11.6%-24.6pp	12.9%+39.8pp	-26.9%-38.1pp	11.2%+2.3pp	8.8%-1.0pp	9.9%-0.4pp	10.3%-0.3pp	10.6%+0.8pp	9.8%+0.2pp	9.6%+0.4pp	9.3%-3.4pp	12.7%
Return on Assets	1.4%+0.3pp	1.1%+0.3pp	0.7%+3.3pp	-2.5%-6.1pp	3.6%+13.4pp	-9.8%-12.6pp	2.8%+0.4pp	2.4%-0.5pp	2.9%+0.4pp	2.5%+0.1pp	2.4%-0.2pp	2.5%+0.1pp	2.4%+0.2pp	2.3%-0.4pp	2.7%
Debt-to-Equity	6.14+0.9x	5.19+0.5x	4.67+1.1x	3.58+1.0x	2.59+0.8x	1.75-1.3x	3.01+0.4x	2.64+0.3x	2.36-0.8x	3.11-0.3x	3.44+0.6x	2.86-0.1x	2.97-0.1x	3.08-0.6x	3.70
Asset Turnover	0.060.0x	0.060.0x	0.060.0x	0.050.0x	0.040.0x	0.060.0x	0.040.0x	0.030.0x	0.040.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.03
FCF Margin	N/A	N/A	N/A	73.6%+38.9pp	34.7%+27.0pp	7.8%-28.5pp	36.3%-2.2pp	38.5%-6.1pp	44.5%-3.4pp	47.9%-27.5pp	75.5%+4.4pp	71.1%-16.3pp	87.4%-1.4pp	88.8%-3.9pp	92.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	23.8%+6.2pp	-0.5%-23.3pp	28.5%+25.2pp	25.9%-0.6pp	17.6%-4.8pp	22.8%+9.7pp	3.3%-49.5pp	26.5%+61.9pp
Return on Equity	2.6%+0.8pp	-0.1%-2.3pp	3.0%+2.6pp	2.6%+0.1pp	1.8%-0.4pp	2.2%+1.0pp	0.3%-4.4pp	2.6%+5.6pp
Return on Assets	0.3%+0.1pp	0.0%-0.4pp	0.4%+0.4pp	0.4%0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.1%-0.8pp	0.4%+1.0pp
Debt-to-Equity	6.69+1.3x	6.43+1.2x	6.14+0.9x	5.64+0.7x	5.41+0.5x	5.27+0.5x	5.19+0.5x	4.93+0.5x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
MFA Financial, Inc. MFA	FY2025	$745.1M	$176.8M	23.7%	$735.9M	—
Two Harbors Investment Corp. TWO	FY2025	$412.0M	-$454.3M	N/A	$1.3B	0/100
PennyMac Mortgage Investment Trust PMT	FY2025	$307.5M	$86.1M	28.0%	$686.3M	0/100
Orchid Island Capital, Inc. ORC	FY2025	$414.0M	$159.3M	38.5%	$996.9M	0/100
Franklin BSP Realty Trust, Inc. FBRT	FY2025	$270.1M	$84.1M	31.1%	$512.4M	28/100
Ellington Financial Inc. EFC	FY2025	$336.4M	$150.8M	44.8%	$1.5B	43/100

Where MFA Financial, Inc. Ranks

Frequently Asked Questions

What is MFA Financial, Inc.'s annual revenue?

MFA Financial, Inc. (MFA) reported $745.1M in total revenue for fiscal year 2025. This represents a 2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MFA Financial, Inc.'s revenue growing?

MFA Financial, Inc. (MFA) revenue grew by 2.9% year-over-year, from $724.0M to $745.1M in fiscal year 2025.

Is MFA Financial, Inc. profitable?

Yes, MFA Financial, Inc. (MFA) reported a net income of $176.8M in fiscal year 2025, with a net profit margin of 23.7%.

What is MFA Financial, Inc.'s net profit margin?

MFA Financial, Inc. (MFA) had a net profit margin of 23.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does MFA Financial, Inc. pay dividends?

Yes, MFA Financial, Inc. (MFA) paid $1.44 per share in dividends during fiscal year 2025.

What is MFA Financial, Inc.'s return on equity (ROE)?

MFA Financial, Inc. (MFA) has a return on equity of 9.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MFA Financial, Inc.'s operating cash flow?

MFA Financial, Inc. (MFA) generated $76.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MFA Financial, Inc.'s total assets?

MFA Financial, Inc. (MFA) had $13.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Does MFA Financial, Inc. buy back shares?

Yes, MFA Financial, Inc. (MFA) spent $15.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does MFA Financial, Inc. have outstanding?

MFA Financial, Inc. (MFA) had 102M shares outstanding as of fiscal year 2025.

What is MFA Financial, Inc.'s debt-to-equity ratio?

MFA Financial, Inc. (MFA) had a debt-to-equity ratio of 6.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MFA Financial, Inc.'s return on assets (ROA)?

MFA Financial, Inc. (MFA) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MFA Financial, Inc.'s P/E ratio?

MFA Financial, Inc. (MFA) trades at 5.0x earnings, its market capitalization divided by net income of $148.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $735.9M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MFA Financial, Inc.'s price-to-sales ratio?

MFA Financial, Inc. (MFA) trades at 1.0x sales, its market capitalization divided by revenue of $764.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $735.9M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MFA Financial, Inc.'s Piotroski F-Score?

MFA Financial, Inc. (MFA) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MFA Financial, Inc.'s earnings high quality?

MFA Financial, Inc. (MFA) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.