MFA Financial Inc (MFA) — Cash Flow Quality Index
MFA Financial Inc (MFA) has a Cash Flow Quality Index of 2.73x as of June 2026. Operating cash flow of $128.79 Million exceeds net income of $47.12 Million, indicating high earnings quality where cash backs reported profits. Explore MFA debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
MFA Financial Inc Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for MFA Financial Inc across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MFA Financial Inc cash flow conversion.
Annual Cash Flow Quality Index for MFA Financial Inc (1998–2025)
Year-by-year earnings quality comparison for MFA Financial Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.43x | $76.25 Million | $176.78 Million | ▼ -74.3% |
| 2024 | 1.68x | $200.12 Million | $119.25 Million | ▲ +23.7% |
| 2023 | 1.36x | $108.74 Million | $80.16 Million | ▲ +270.8% |
| 2021 | 0.37x | $120.29 Million | $328.87 Million | ▼ -35.9% |
| 2019 | 0.57x | $215.78 Million | $378.12 Million | ▲ +16.5% |
| 2018 | 0.49x | $147.88 Million | $301.80 Million | ▼ -10.3% |
| 2017 | 0.55x | $176.07 Million | $322.39 Million | ▲ +99.7% |
| 2016 | 0.27x | $85.51 Million | $312.67 Million | ▼ -69.6% |
| 2015 | 0.90x | $282.17 Million | $313.23 Million | ▲ +10.4% |
| 2014 | 0.82x | $255.81 Million | $313.50 Million | ▼ -17.1% |
| 2013 | 0.98x | $298.09 Million | $302.71 Million | ▼ -2.7% |
| 2012 | 1.01x | $310.39 Million | $306.84 Million | ▼ -4.3% |
| 2011 | 1.06x | $334.41 Million | $316.41 Million | ▲ +15.9% |
| 2010 | 0.91x | $245.94 Million | $269.76 Million | ▼ -9.4% |
| 2009 | 1.01x | $269.96 Million | $268.19 Million | ▼ -75.3% |
| 2008 | 4.07x | $186.43 Million | $45.80 Million | ▲ +79.1% |
| 2007 | 2.27x | $68.68 Million | $30.21 Million | ▲ +25.4% |
| 2006 | 1.81x | $15.88 Million | $8.76 Million | ▼ -91.1% |
| 2005 | 20.30x | $136.19 Million | $6.71 Million | ▲ +1135.5% |
| 2004 | 1.64x | $128.30 Million | $78.07 Million | ▼ -15.2% |
| 2003 | 1.94x | $112.15 Million | $57.85 Million | ▲ +30.4% |
| 2002 | 1.49x | $83.37 Million | $56.09 Million | ▼ -74.0% |
| 2001 | 5.73x | $21.67 Million | $3.78 Million | ▲ +815.3% |
| 2000 | 0.63x | $4.92 Million | $7.87 Million | ▼ -53.8% |
| 1999 | 1.36x | $10.30 Million | $7.60 Million | ▲ +882.6% |
| 1998 | 0.14x | $400.00K | $2.90 Million | — |