MFA · Mfa Financial, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | $112.54M | $85.55M | - |
| Total Operating Expenses | $155.06M | $170.41M | $168.28M | $164.63M | $123.01M | $141.51M |
| D&A | - | - | - | - | - | - |
| Operating Income | $176.05M | $119.69M | - | - | - | - |
| Interest Expense | - | - | $429.12M | $258.84M | $120.39M | $268.76M |
| Income Tax | ($735.0K) | $443.0K | $278.0K | ($851.0K) | $2.67M | $0 |
| Net Income | $176.78M | $119.25M | $80.16M | ($231.58M) | $328.87M | ($679.39M) |
| EPS - Basic | $1.31 | $0.83 | $0.46 | ($2.57) | $2.68 | ($6.28) |
| EPS - Diluted | $1.30 | $0.82 | $0.46 | ($2.57) | $2.64 | ($6.28) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $213.21M | $338.93M | $318.00M | $334.18M | $304.70M | $814.35M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $13.05B | $11.41B | $10.77B | $9.11B | $9.14B | $6.93B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $11.22B | $9.57B | $8.87B | $7.12B | $6.60B | $4.41B |
| Stockholders' Equity | $1.83B | $1.84B | $1.90B | $1.99B | $2.54B | $2.52B |
| Retained Earnings | ($1.90B) | ($1.88B) | ($1.82B) | ($1.72B) | ($1.28B) | ($1.41B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $76.25M | $200.12M | $108.74M | $366.08M | $120.29M | $38.40M |
| Investing Cash Flow | ($1.79B) | ($424.60M) | ($1.55B) | ($1.13B) | ($2.17B) | $6.38B |
| Financing Cash Flow | $1.49B | $337.58M | $1.43B | $850.21M | $1.63B | ($5.74B) |
| CapEx | - | - | - | $300.0K | $12.05M | $4.86M |
| Free Cash Flow | - | - | - | $365.78M | $108.25M | $33.53M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | -1.58 | 0.33 | -0.05 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | -0.4% | 0.4% | 0.3% | - | 0.8% | - |
| Return on assets | 1.4% | 1.0% | 0.7% | -2.5% | 3.6% | -9.8% |
| Return on equity | 9.7% | 6.5% | 4.2% | -11.6% | 12.9% | -26.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 7.14 | 6.19 | 5.67 | 4.58 | 3.59 | 2.75 |
| Liabilities / Assets | 0.86 | 0.84 | 0.82 | 0.78 | 0.72 | 0.64 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 7.2x | 12.4x | 24.5x | - | 6.9x | - |
| P / B | 0.5x | 0.6x | 0.6x | 0.5x | 3.4x | 2.8x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 47.1% | - | - | - | - | - |
| Net income growth (YoY) | 48.2% | 48.8% | - | - | - | - |
| EPS growth (YoY) | 58.5% | 78.3% | - | - | - | - |
| EPS CAGR (3y) | - | -32.3% | - | - | - | - |
| EPS CAGR (5y) | - | 3.8% | - | - | - | - |
| FCF growth (YoY) | - | - | - | 237.9% | 222.8% | -84.3% |
| FCF CAGR (5y) | - | - | - | 15.9% | 5.0% | -34.6% |
| Book value growth (YoY) | -0.8% | -3.1% | -4.5% | -21.8% | 0.7% | -25.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing MFA FINANCIAL against the 5 most active filers in the same SIC group.
Dividends
$1.44/share trailing 12 months · +2.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.3600 |
| Dec 31, 2025 | $0.3600 |
| Sep 30, 2025 | $0.3600 |
| Jun 30, 2025 | $0.3600 |
| Mar 31, 2025 | $0.3600 |
| Dec 31, 2024 | $0.3500 |
| Sep 27, 2024 | $0.3500 |
| Jun 28, 2024 | $0.3500 |
| Mar 27, 2024 | $0.3500 |
| Dec 28, 2023 | $0.3500 |
| Sep 29, 2023 | $0.3500 |
| Jun 29, 2023 | $0.3500 |
| Mar 30, 2023 | $0.3500 |
| Dec 29, 2022 | $0.3500 |
| Sep 29, 2022 | $0.4400 |
| Jun 29, 2022 | $0.4400 |
| Mar 21, 2022 | $0.4400 |
| Dec 30, 2021 | $0.4400 |
| Sep 29, 2021 | $0.4000 |
| Jun 29, 2021 | $0.4000 |
| Mar 30, 2021 | $0.3000 |
| Dec 29, 2020 | $0.3000 |
| Sep 29, 2020 | $0.2000 |
| Mar 30, 2020 | $0.8000 |