All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2020-03-26.
From the record
MFA Financial, Inc's filings since 2017 show 1 warning event: a debt default or acceleration notice (8-K item 2.04, the latest 2020-03-26) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+5.6% a year over 10 filed years; profitable in 8 of 10.
From the record
MFA Financial, Inc's 10 filed years say what it did: revenue went from $457 million in fiscal 2016 to $745 million in fiscal 2025, up 5.6% a year; it rose in 6 of 9 years; the deepest fall was 48% from fiscal 2019 to fiscal 2021; net income was positive in 8 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 0.3% a year. 100% of cash flow returned. Insiders: 0 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, MFA Financial, Inc's diluted share count grew about 0.3% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 7%: 7¢ of profit per shareholder dollar. Leverage 86%: owes 86¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, MFA Financial, Inc earned about 7 cents of profit for every dollar of shareholders' money. Leverage: it owed about 86 cents per dollar of assets, and net share issuance: its share count shrank 1.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 35% of 157 in its family; net margin 18.2%.
From the record
MFA Financial, Inc's standing among 157 graded names in its industry family: revenue of $745 million in fiscal 2025 ranks in the top 45% by size; a net margin of 18.2% ranks in the top 44%; revenue growth of 15.6% a year over the last 3 filed years ranks in the top 15% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 43% of 160 in its family for leadership; chief executive since 2017.
From the record
MFA Financial, Inc's leadership, from its insiders' filings and its current reports: the chief executive on the record is Knutson, Craig L (CEO, as filed), filing under that title since 2017-10-03, 9.1 years (top 43% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (bottom 21%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 49% of 146 in its family for room to expand.
From the record
MFA Financial, Inc's room to grow, from the newest filed statements (fiscal 2025): cash of $213 million against no long-term debt tagged leaves 1.6% of its assets as net cash, top 22% of its family; cash from operations less capital spending is 10.2% of revenue (bottom 21%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 50% of 153 in its family for growth drivers.
From the record
MFA Financial, Inc's growth drivers, from the filed years to fiscal 2025: revenue grew 15.6% a year over the last three filed years against 5.6% over all 10, speeding up (top 9% of its family); the newest year grew 2.9% (bottom 49%); capital spending grew -45.7% a year (bottom 9%) (its annual reports). MFA Financial, Inc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 35% of 150 in its family for expectations against reality.
From the record
MFA Financial, Inc's newest year against its own record: revenue of $745 million in fiscal 2025 came in 16% below the $887 million its prior three years' pace pointed to (bottom 12% of its family); net income of $136 million against a prior three-year average of $44 million (top 8%); a net margin of 18.2% against -11.8% before (top 9%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made