MFA Financial (MFA) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), MFA Financial had a P/E ratio of 7.01 (down from 12.11), return on equity of 9.6% (up from 6.4%), debt-to-equity of 6.01 (up from 4.99) and a current ratio of 40.07 (up from 30.97). A current ratio of 40.07 means current assets exceed current liabilities. Its dividend yield was 17.50% with a payout ratio of 106.6%.

MFA Financial Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	7.01	12.11	24.29	-	6.82	-
Forward P/E	7.45	6.33	6.99	7.55	10.09	12.51
P/S Ratio	2.92	3.72	4.62	-14.83	4.48	-3.28
P/B Ratio	0.52	0.56	0.60	0.50	0.79	0.70
Price/Tangible Book	0.54	0.59	0.63	0.52	0.82	0.70
Price/FCF	12.48	5.20	10.56	2.82	14.59	52.59
Price/OCF	12.48	5.20	10.56	2.82	14.59	45.93
PEG Ratio	2.33	2.33	2.33	2.33	2.33	2.33
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	9.64%	6.37%	4.12%	-10.22%	12.98%	-23.00%
Return on Assets (ROA)	1.45%	1.07%	0.81%	-2.54%	4.09%	-6.63%
Return on Invested Capital (ROIC)	1.48%	1.11%	0.83%	-2.61%	4.15%	-6.26%
Leverage & Solvency Ratios
Debt/Equity	6.01	4.99	4.52	3.45	2.53	1.72
Debt/FCF	144.19	45.95	78.91	19.30	46.62	129.35
Liquidity Ratios
Current Ratio	40.07	30.97	51.40	62.94	48.54	88.75
Quick Ratio	39.32	30.12	50.50	61.75	47.97	88.65
Efficiency Ratios
Asset Turnover	0.03	0.03	0.03	-	0.06	-
Yield & Distribution Ratios
Earnings Yield	18.58%	11.46%	6.98%	-23.10%	16.36%	-38.53%
FCF Yield	8.01%	19.24%	9.47%	35.44%	6.85%	1.90%
Dividend Yield	17.50%	18.05%	18.52%	28.86%	16.72%	6.13%
Payout Ratio	106.63%	148.21%	219.52%	-	57.47%	-
Buyback Yield	1.07%	-1.47%	-0.41%	13.09%	-5.03%	3.36%
Total Return	18.57%	16.58%	18.11%	41.96%	11.69%	9.49%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About MFA Financial Financial Ratios

What is MFA Financial's P/E ratio?

MFA Financial's P/E ratio was 7.01 for fiscal 2025 (period ended Dec 31, 2025). It was 12.11 a year earlier.

What is MFA Financial's return on equity?

MFA Financial's return on equity (ROE) was 9.6% for fiscal 2025 (period ended Dec 31, 2025). It was 6.4% a year earlier.

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

MFA Financial's debt-to-equity ratio was 6.01 for fiscal 2025 (period ended Dec 31, 2025). It was 4.99 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition