What is MFA Fincl's earnings per share (EPS)?

MFA Fincl (MFAO) 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 Fincl Financials

MFAO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows MFA Fincl (MFAO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

MFA Fincl passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.43x

For every $1 of reported earnings, MFA Fincl 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

$745.1M

YoY+2.9%

5Y CAGR+11.5%

10Y CAGR+4.2%

MFA Fincl generated $745.1M in revenue in fiscal year 2025. This represents an increase of 2.9% from the prior year.

EBITDA

N/A

Net Income

$176.8M

YoY+48.2%

10Y CAGR-5.6%

MFA Fincl reported $176.8M in net income in fiscal year 2025. This represents an increase of 48.2% from the prior year.

EPS (Diluted)

$1.30

YoY+58.5%

MFA Fincl earned $1.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$213.2M

YoY-37.1%

5Y CAGR-23.5%

10Y CAGR+2.6%

MFA Fincl held $213.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.44

YoY+2.9%

5Y CAGR+23.6%

MFA Fincl paid $1.44 per share in dividends in fiscal year 2025. This represents an increase of 2.9% from the prior year.

Shares Outstanding

102M

YoY-0.8%

5Y CAGR-2.1%

MFA Fincl had 102M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.7%

YoY+7.3pp

5Y CAGR+180.7pp

10Y CAGR-39.9pp

MFA Fincl's net profit margin was 23.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.3 percentage points from the prior year.

Return on Equity

9.7%

YoY+3.2pp

5Y CAGR+36.6pp

10Y CAGR-0.9pp

MFA Fincl's ROE was 9.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$15.3M

YoY+927.0%

5Y CAGR-21.3%

MFA Fincl spent $15.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 927.0% from the prior year.

Capital Expenditures

N/A

MFAO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$745.1M+2.9%	$724.0M+19.5%	$605.6M+25.5%	$482.4M+33.2%	$362.3M-16.3%	$432.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$112.5M+31.6%	$85.5M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$514.0M-1.4%	$521.2M+21.5%	$429.1M+65.8%	$258.8M+115.0%	$120.4M-55.2%	$268.8M
Income Tax	-$735K-265.9%	$443K+59.4%	$278K+132.7%	-$851K-131.9%	$2.7M+33.4%	$2.0M
Net Income	$176.8M+48.2%	$119.3M+48.8%	$80.2M+134.6%	-$231.6M-170.4%	$328.9M+148.4%	-$679.4M
EPS (Diluted)	$1.30+58.5%	$0.82+78.3%	$0.46+117.9%	$-2.57-197.7%	$2.63+141.9%	$-6.28

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$190.4M+2.5%	$185.8M-1.4%	$188.3M+4.3%	$180.5M+1.2%	$178.3M-2.0%	$182.0M-2.6%	$186.8M+5.7%	$176.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$13.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$134.9M+4.6%	$129.0M+1.5%	$127.1M+3.3%	$123.0M-3.6%	$127.5M-2.9%	$131.3M-1.5%	$133.3M+3.4%	$129.0M
Income Tax	$0+100.0%	-$101K-142.4%	$238K+127.3%	-$872K+64.7%	-$2.5M-262.7%	$1.5M+338.7%	$346K-67.0%	$1.0M
Net Income	$54.3M+12.9%	$48.1M+45.0%	$33.2M-19.4%	$41.2M+596.8%	$5.9M-87.7%	$48.2M+14.9%	$41.9M+80.7%	$23.2M
EPS (Diluted)	N/A	$0.35+66.7%	$0.21-32.3%	$0.31	N/A	$0.37+15.6%	$0.32+128.6%	$0.14

MFAO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.0B+14.3%	$11.4B+5.9%	$10.8B+18.2%	$9.1B-0.3%	$9.1B+31.8%	$6.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$213.2M-37.1%	$338.9M+6.6%	$318.0M-4.8%	$334.2M+9.7%	$304.7M-62.6%	$814.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M	$0
Total Liabilities	$11.2B+17.3%	$9.6B+7.8%	$8.9B+24.6%	$7.1B+8.0%	$6.6B+49.7%	$4.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B-0.8%	$1.8B-3.1%	$1.9B-4.5%	$2.0B-21.8%	$2.5B+0.7%	$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

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$13.0B+7.8%	$12.1B+3.6%	$11.7B+1.3%	$11.5B+1.0%	$11.4B+2.2%	$11.2B+0.7%	$11.1B+1.9%	$10.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$213.2M-30.1%	$305.2M+10.7%	$275.7M+8.7%	$253.7M-25.1%	$338.9M+10.9%	$305.6M+5.6%	$289.4M-5.5%	$306.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M0.0%	$61.1M
Total Liabilities	$11.2B+9.2%	$10.3B+4.3%	$9.9B+1.8%	$9.7B+1.2%	$9.6B+3.1%	$9.3B+0.9%	$9.2B+2.3%	$9.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B+0.3%	$1.8B0.0%	$1.8B-0.9%	$1.8B-0.2%	$1.8B-2.1%	$1.9B-0.1%	$1.9B-0.1%	$1.9B
Retained Earnings	-$1.9B+0.3%	-$1.9B-0.1%	-$1.9B-0.8%	-$1.9B-0.2%	-$1.9B-2.1%	-$1.8B+0.2%	-$1.8B-0.2%	-$1.8B

MFAO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$76.2M-61.9%	$200.1M+84.0%	$108.7M-69.4%	$355.3M+157.9%	$137.8M+258.9%	$38.4M
Capital Expenditures	N/A	N/A	N/A	$300K-97.5%	$12.0M+147.8%	$4.9M
Free Cash Flow	N/A	N/A	N/A	$355.0M+182.3%	$125.8M+275.0%	$33.5M
Investing Cash Flow	-$1.8B-320.5%	-$424.6M+72.6%	-$1.5B-38.9%	-$1.1B+48.9%	-$2.2B-134.2%	$6.4B
Financing Cash Flow	$1.5B+342.7%	$337.6M-76.5%	$1.4B+68.8%	$850.2M-47.8%	$1.6B+128.4%	-$5.7B
Dividends Paid	$148.2M+3.0%	$143.9M+0.5%	$143.1M-22.2%	$184.0M+17.9%	$156.1M+37.6%	$113.5M
Share Buybacks	$15.3M+927.0%	$1.5M	$0-100.0%	$102.3M+19.5%	$85.6M+68.4%	$50.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$37.6M+155.5%	$14.7M-61.7%	$38.5M+364.1%	-$14.6M-113.1%	$111.4M+1088.5%	-$11.3M-124.3%	$46.5M-13.1%	$53.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.2B-352.8%	-$272.0M-791.5%	-$30.5M+87.9%	-$251.5M-4.0%	-$241.8M-369.0%	$89.9M+149.6%	-$181.3M-98.3%	-$91.4M
Financing Cash Flow	$1.0B+318.7%	$249.3M+291.3%	$63.7M-53.9%	$138.1M-39.6%	$228.8M+295.3%	-$117.1M-179.6%	$147.0M+86.4%	$78.9M
Dividends Paid	$37.3M-0.7%	$37.6M+0.5%	$37.4M+4.2%	$35.9M-0.4%	$36.0M-0.1%	$36.0M+0.1%	$36.0M+0.6%	$35.8M
Share Buybacks	$5.0M-0.6%	$5.1M	$0-100.0%	$5.2M	$0	$0	$0-100.0%	$1.5M

MFAO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.7%+7.3pp	16.5%+3.2pp	13.2%+61.2pp	-48.0%-138.8pp	90.8%+247.7pp	-157.0%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.14+0.9	5.19+0.5	4.67+1.1	3.58+1.0	2.59+0.8	1.75
FCF Margin	N/A	N/A	N/A	73.6%+38.9pp	34.7%+27.0pp	7.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	28.5%+2.6pp	25.9%+8.3pp	17.6%-5.2pp	22.8%+19.5pp	3.3%-23.2pp	26.5%+4.0pp	22.4%+9.3pp	13.1%
Return on Equity	3.0%+0.3pp	2.6%+0.8pp	1.8%-0.4pp	2.2%+1.9pp	0.3%-2.2pp	2.6%+0.3pp	2.2%+1.0pp	1.2%
Return on Assets	0.4%+0.0pp	0.4%+0.1pp	0.3%-0.1pp	0.4%+0.3pp	0.1%-0.4pp	0.4%+0.1pp	0.4%+0.2pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.14+0.5	5.64+0.2	5.41+0.1	5.27+0.1	5.19+0.3	4.93+0.1	4.88+0.1	4.77
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is MFA Fincl's annual revenue?

MFA Fincl (MFAO) 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 Fincl's revenue growing?

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

Is MFA Fincl profitable?

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

What is MFA Fincl's net profit margin?

MFA Fincl (MFAO) 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 Fincl pay dividends?

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

What is MFA Fincl's return on equity (ROE)?

MFA Fincl (MFAO) 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 Fincl's operating cash flow?

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

What are MFA Fincl's total assets?

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

Does MFA Fincl buy back shares?

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

How many shares does MFA Fincl have outstanding?

MFA Fincl (MFAO) had 102M shares outstanding as of fiscal year 2025.

What is MFA Fincl's debt-to-equity ratio?

MFA Fincl (MFAO) 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 Fincl's return on assets (ROA)?

MFA Fincl (MFAO) 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 Fincl's Piotroski F-Score?

MFA Fincl (MFAO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MFA Fincl's earnings high quality?

MFA Fincl (MFAO) 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.