Chicago Atlantic Real Estate Finance (REFI) EV to FCF (2022 - 2026)
Chicago Atlantic Real Estate Finance's (REFI) EV to FCF came in at 7.99 for Q2 2026, down 25.5% from 10.72 a year earlier and down 7.8% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) EV to FCF (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to FCF at Chicago Atlantic Real Estate Finance was 5.33, down 40.4% year-over-year; for FY2025, it came in at 8.46, down 33.6% from FY2024.
- In prior years, Chicago Atlantic Real Estate Finance's EV to FCF was 12.73 in FY2024 (+26.2%), 10.08 in FY2023 (-34.6%), 15.41 in FY2022 (-0.7%) and 15.51 in FY2021.
- The Q2 2026 figure stands as the lowest quarterly EV to FCF in data going back to Q4 2022.
- On a year-over-year basis, EV to FCF has declined in each of the last three quarters, with an average decline of 3.4% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q1 2025, with growth of 49.6%; the weakest was Q1 2024, with a decline of 45.6%.
- According to Business Quant data, EV to FCF for the three prior quarters was 8.66 (Q1 2026), 8.46 (Q4 2025) and 9.98 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.99 |
| Mar 31, 2026 | 8.66 |
| Dec 31, 2025 | 8.46 |
| Sep 30, 2025 | 9.98 |
| Jun 30, 2025 | 10.72 |
| Mar 31, 2025 | 12.45 |
| Dec 31, 2024 | 12.73 |
| Sep 30, 2024 | 8.08 |
| Jun 30, 2024 | 9.93 |
| Mar 31, 2024 | 8.33 |
| Dec 31, 2023 | 10.08 |
| Sep 30, 2023 | 14.76 |
| Jun 30, 2023 | 11.95 |
| Mar 31, 2023 | 15.30 |
| Dec 31, 2022 | 15.41 |
API Access
Chicago Atlantic Real Estate Finance EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "REFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();