MFA - NYSE

MFA Financial, Inc.

MFA Financial, Inc.

MFA·NYSE

$9.38

-0.90%
Real EstateREIT - Mortgage

MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets. The company has elected to be taxed as a REIT and would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is headquartered in New York, New York.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$958.15M
EPS1.7100
P/E Ratio5.49
Earnings Date07/30/2026
875.24M
Revenue
213%
3Y-1394.0%
5Y-257.0%
10Y+144.0%
176.78M
Net Income
48%
3Y-176.0%
5Y-126.0%
10Y-43.0%
76.25M
Operating Cash Flow
-62%
3Y-79.0%
5Y+99.0%
10Y-11.0%
MFA Financial, Inc.

MFA Financial, Inc. Profit Bridge

MFA · NYSE
Revenue875.24M
Cost of Goods Sold (33.45M)
Gross Profit841.79M
Operating Expenses (151.76M)
Operating Income690.03M
Interest Expense (513.98M)
Other Income/Expense-513.98M
Pretax Income176.05M
Income Tax (-735.00K)
Net Income176.78M
Net Income
176.78M

Profitability Analysis

Gross Margin

96.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

78.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

20.2%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

-0.4%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

MFA Financial, Inc. Income Statement

MFA • NYSE

MFA Financial, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
Revenue
875.2M
279.6M
234M
-67.6M
337.2M
-555.9M
433.3M
347.9M
373.1M
358.8M
356M
358.8M
340.7M
349.1M
358.2M
296.1M
277.7M
64.7M
43.4M
16.4M
GROSS PROFIT
Cost of Revenue
(33.4M)
(35.3M)
(34.1M)
(42.9M)
(37.5M)
(0.0)
(0.0)
(113.3M)
(94.2M)
(74.4M)
(62.8M)
(48.7M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
Gross Profit
841.8M
244.3M
199.9M
-110.5M
299.8M
-555.9M
433.3M
234.6M
278.9M
284.4M
293.2M
310.1M
340.7M
349.1M
358.2M
296.1M
277.7M
64.7M
43.4M
16.4M
OPERATING INCOME
Operating Expenses
(151.8M)
(132.7M)
(130.7M)
(113.5M)
-8.4M
-555.9M
(433.3M)
(79M)
(50M)
(46M)
(42M)
(41M)
(34M)
(34M)
(31M)
(26M)
(23M)
(111M)
(14M)
(11M)
Selling, General & Administrative
(41.7M)
(131.9M)
(129.9M)
(112.7M)
(85.5M)
(56.7M)
(52.6M)
(46.1M)
(49.6M)
(45.6M)
(42M)
(40.7M)
(33.7M)
(33.6M)
(30.2M)
(24.7M)
(23M)
(15.9M)
(11.7M)
(9.6M)
Research & Development
(0.0)
(800K)
(800K)
(800K)
(400K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
Operating Income
690M
111.6M
69.2M
-224M
328.9M
0.0
0.0
534M
74.2M
93M
87.8M
28.2M
466.7M
478.5M
465.8M
414.9M
497.6M
45.8M
30M
5.2M
PRE-TAX INCOME
Interest Expense
(514M)
(521.2M)
(429.1M)
(258.8M)
(120.4M)
(268.8M)
(0.0)
(232.2M)
(197.1M)
(193.4M)
(176.9M)
(159.8M)
(164M)
(171.7M)
(149.4M)
(145.1M)
(229.4M)
(342.7M)
(321.3M)
(181.9M)
Net Interest Income
231.1M
202.7M
176.5M
223.6M
241.9M
164.1M
0.0
223.5M
236.3M
264.1M
315.2M
304M
318.9M
327.5M
347.3M
246.2M
276.2M
184.8M
63.5M
37.3M
Other Expenses
(110M)
(0.0)
(0.0)
(0.0)
-93.9M
-612.6M
(380.7M)
(32.9M)
(367K)
(388K)
-45K
(255K)
(311K)
(431K)
(10.6M)
(1.3M)
(0.0)
(95.1M)
(2.3M)
(1.4M)
Total Other Income Expenses Net
-514M
8.1M
11M
-8.4M
-6.2M
-679.4M
378.1M
207M
0.0
-4.3M
76K
-1.7M
-4.3M
-7.5M
-12.8M
-39.8M
-18.4M
-440.9M
-7.9M
-179.1M
Income Before Tax
176M
119.7M
80.2M
-232.4M
328.9M
-679.4M
378.1M
301.8M
322.4M
312.7M
313.2M
313.5M
302.7M
306.8M
316.4M
269.8M
268.2M
45.8M
22.1M
8.8M
NET INCOME
Income Tax Expense
-735K
(443K)
(0.0)
-851K
(0.0)
(0.0)
(0.0)
(1.7M)
(445.4M)
(413M)
(402.3M)
(445.1M)
(2.3M)
(7.5M)
(0.0)
(0.0)
(0.0)
(342.7M)
(313.4M)
(185.4M)
Net Income
176.8M
119.3M
80.2M
-231.6M
328.9M
-679.4M
378.1M
301.8M
322.4M
312.7M
313.2M
313.5M
302.7M
306.8M
316.4M
269.8M
268.2M
45.8M
30.2M
8.8M

SEC Filings

MFA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

April 17, 2026
June 03, 2026
2026
View Filing
8-K

8-K 2026

N/A

February 18, 2026
February 18, 2026
2026
View Filing
Showing 1 to 2 of 2 filings

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