Dynex Capital Inc (DX)vsAnnaly Capital Management, Inc. (NLY)
DX
Dynex Capital Inc
$13.37
-0.30%
REAL ESTATE · Cap: $2.88B
NLY
Annaly Capital Management, Inc.
$22.44
-0.75%
REAL ESTATE · Cap: $16.44B
Smart Verdict
WallStSmart Research — data-driven comparison
Annaly Capital Management, Inc. generates 723% more annual revenue ($2.50B vs $303.96M). NLY leads profitability with a 87.4% profit margin vs 79.5%. DX appears more attractively valued with a PEG of 0.71. NLY earns a higher WallStSmart Score of 77/100 (B+).
DX
Strong Buy77
out of 100
Grade: B+
NLY
Strong Buy77
out of 100
Grade: B+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+58.2%
Fair Value
$33.42
Current Price
$13.37
$20.05 discount
Margin of Safety
-13.9%
Fair Value
$20.02
Current Price
$22.44
$2.42 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 80 of every $100 in revenue as profit
Strong operational efficiency at 136.0%
Revenue surging 234.8% year-over-year
Earnings expanding 92.3% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 87 of every $100 in revenue as profit
Strong operational efficiency at 81.0%
Revenue surging 48.8% year-over-year
Earnings expanding 122.5% YoY
Areas to Watch
No major concerns identified
Weak financial health signals
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : DX
The strongest argument for DX centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 79.5% and operating margin at 136.0%. Revenue growth of 234.8% demonstrates continued momentum.
Bull Case : NLY
The strongest argument for NLY centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 87.4% and operating margin at 81.0%. Revenue growth of 48.8% demonstrates continued momentum.
Bear Case : DX
No major red flags identified for DX, but monitor valuation.
Bear Case : NLY
The primary concerns for NLY are Piotroski F-Score, PEG Ratio, Free Cash Flow. Debt-to-equity of 6.95 is elevated, increasing financial risk.
Key Dynamics to Monitor
NLY carries more volatility with a beta of 1.27 — expect wider price swings.
DX is growing revenue faster at 234.8% — sustainability is the question.
DX generates stronger free cash flow (70M), providing more financial flexibility.
Monitor REIT - MORTGAGE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
DX scores higher overall (77/100 vs 77/100), backed by strong 79.5% margins and 234.8% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Dynex Capital Inc
REAL ESTATE · REIT - MORTGAGE · USA
Dynex Capital, Inc., a mortgage real estate investment trust, invests in Mortgage-Backed Securities (MBS) on a leveraged basis in the United States. The company is headquartered in Glen Allen, Virginia.
Annaly Capital Management, Inc.
REAL ESTATE · REIT - MORTGAGE · USA
Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company is headquartered in New York, New York.
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