MFA
MFA Financial Inc
NYSE: MFA · REAL ESTATE · REIT - MORTGAGE
$10.25
+0.79% today
Updated 2026-04-30
Market cap
$1.06B
P/E ratio
7.96
P/S ratio
3.25x
EPS (TTM)
$1.30
Dividend yield
14.10%
52W range
$8 – $10
Volume
1.4M
MFA Financial Inc (MFA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.42M | $43.40M | $64.68M | $277.72M | $296.09M | $358.16M | $349.11M | $340.68M | $358.79M | $355.98M | $358.76M | $373.06M | $347.88M | $433.33M | $-555.87M | $337.22M | $-67.62M | $234.05M | $279.61M | $875.24M |
| Revenue growth (YoY) | — | +164.3% | +49.0% | +329.4% | +6.6% | +21.0% | -2.5% | -2.4% | +5.3% | -0.8% | +0.8% | +4.0% | -6.7% | +24.6% | -228.3% | +160.7% | -120.1% | +446.1% | +19.5% | +213.0% |
| Cost of revenue | $11.19M | $13.45M | $17.72M | $23.05M | $26.32M | $31.18M | $41.07M | $37.97M | $48.67M | $62.81M | $74.36M | $94.17M | $113.25M | $141.57M | $555.87M | $37.47M | $42.89M | $34.14M | $35.31M | $33.45M |
| Gross profit | $16.42M | $43.40M | $64.68M | $277.72M | $296.09M | $358.16M | $349.11M | $340.68M | $310.12M | $293.16M | $284.41M | $278.89M | $234.63M | $433.33M | $-1.11B | $299.75M | $-110.52M | $199.91M | $244.30M | $841.79M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 86.4% | 82.4% | 79.3% | 74.8% | 67.4% | 100.0% | 200.0% | 88.9% | 163.4% | 85.4% | 87.4% | 96.2% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $400000.00 | $800000.00 | $800000.00 | $800000.00 | — |
| SG&A | $9.57M | $11.68M | $15.94M | $23.05M | $24.66M | $30.21M | $33.57M | $33.69M | $40.74M | $42.05M | $45.61M | $49.63M | $46.08M | $52.65M | $56.71M | $85.55M | $30.62M | $129.95M | $36.81M | $41.74M |
| Operating income | $5.24M | $29.95M | $45.80M | $497.60M | $414.89M | $465.82M | $478.51M | $466.72M | $28.19M | $87.83M | $93.04M | $74.16M | $533.99M | $378.12M | $-679.39M | $328.87M | $-224.03M | $69.16M | $111.59M | $690.03M |
| Operating margin | 31.9% | 69.0% | 70.8% | 179.2% | 140.1% | 130.1% | 137.1% | 137.0% | 7.9% | 24.7% | 25.9% | 19.9% | 153.5% | 87.3% | 122.2% | 97.5% | 331.3% | 29.6% | 39.9% | 78.8% |
| EBITDA | $222.31M | $379.22M | $487.11M | $286.63M | $309.58M | $329.22M | $306.48M | $306.70M | $474.50M | $314.79M | $532.32M | $74.16M | $94.78M | $381.44M | $-633.34M | $433.02M | $-243.13M | $504.09M | — | $690.03M |
| EBITDA margin | 1353.8% | 873.8% | 753.1% | 103.2% | 104.6% | 91.9% | 87.8% | 90.0% | 132.2% | 88.4% | 148.4% | 19.9% | 27.2% | 88.0% | 113.9% | 128.4% | 359.6% | 215.4% | 0.0% | 78.8% |
| EBIT | $190.68M | $351.51M | $468.32M | $286.12M | $308.85M | $326.55M | $302.95M | $300.87M | $473.31M | $313.93M | $313.15M | $-161.27M | $-226.77M | $339.25M | $-679.39M | $371.11M | $-1.03B | $499.89M | — | — |
| Interest expense | $181.92M | $321.31M | $342.69M | $229.41M | $145.13M | $149.41M | $171.67M | $164.01M | $159.81M | $176.95M | $193.35M | $197.14M | $232.19M | $332.36M | $268.76M | $120.39M | $258.84M | $429.12M | $521.23M | $513.98M |
| Income tax | $185.44M | $313.40M | $342.69M | — | $0.00 | $0.00 | $7.50M | $2.25M | $445.12M | $402.35M | $412.98M | $445.38M | $1.66M | $230.15M | $-965.14M | $33.92M | $-851000.00 | $-4.20M | $443000.00 | $-735000.00 |
| Effective tax rate | 95.5% | 91.2% | 88.2% | 0.0% | 0.0% | 0.0% | 2.4% | 0.7% | 58.7% | 56.2% | 56.9% | 58.0% | 0.5% | 37.8% | 58.7% | 9.3% | 0.4% | -5.5% | 0.4% | -0.4% |
| Net income | $8.76M | $30.21M | $45.80M | $268.19M | $269.76M | $316.41M | $306.84M | $302.71M | $313.50M | $313.23M | $312.67M | $322.39M | $301.80M | $378.12M | $-679.39M | $328.87M | $-231.58M | $80.16M | $119.25M | $176.78M |
| Net income growth (YoY) | — | +244.9% | +51.6% | +485.6% | +0.6% | +17.3% | -3.0% | -1.3% | +3.6% | -0.1% | -0.2% | +3.1% | -6.4% | +25.3% | -279.7% | +148.4% | -170.4% | +134.6% | +48.8% | +48.2% |
| Profit margin | 53.3% | 69.6% | 70.8% | 96.6% | 91.1% | 88.3% | 87.9% | 88.9% | 87.4% | 88.0% | 87.2% | 86.4% | 86.8% | 87.3% | 122.2% | 97.5% | 342.5% | 34.3% | 42.6% | 20.2% |