MFA Financial, Inc. key statistics and ratios

In fiscal 2019, MFA Financial, Inc. had return on equity of 11.1% and a net margin of 64.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

MFA Financial, Inc.: financial ratios, annual
Fiscal year	2008Dec 2008	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	LTMJun 2020
Net margin	54.0%	86.7%	87.5%	88.3%	87.9%	88.9%	87.4%	85.5%	83.9%	81.8%	79.1%	64.2%	—
Return on equity	3.0%	15.7%	12.2%	13.3%	10.6%	9.4%	9.9%	10.2%	10.4%	10.2%	9.0%	11.1%	−20.9%
Return on assets	—	2.8%	2.9%	3.1%	2.4%	2.3%	2.5%	2.5%	2.4%	2.8%	2.6%	2.9%	−5.8%
Dividends ÷ net income	347.6%	82.6%	96.5%	104.1%	111.2%	196.5%	94.0%	94.9%	95.3%	95.7%	109.3%	95.6%	—

US$ thousands unless shown otherwise. Fiscal quarters.

MFA Financial, Inc.: financial ratios, quarterly
Quarter	2018 Q3Sept 2018	2018 Q4Dec 2018	2019 Q1Mar 2019	2019 Q2Jun 2019	2019 Q3Sept 2019	2019 Q4Dec 2019	2020 Q1Mar 2020	2020 Q2Jun 2020
Net margin	81.5%	73.6%	78.6%	79.7%	80.1%	79.8%	—	106.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

89 /100

Strong moat

How hard MFA Financial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 13 / 20

Net income has been a median 1.1% of total assets over 10 years.
Durability 20 / 20

Net margin has been a median 86.9%; its worst year was 78.6%.
Discipline 20 / 20

The diluted share count fell 12.1% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from MFA Financial, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MFA Financial, Inc.