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Friday 6 November 2026 Export DX’s income statement to Excel — free account

Dynex Capital, Inc.

DX Real Estate Reit Mortgage

Dynex Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $533.5 million, up 67.0% from fiscal 2024.

Revenue
+122.1%
EPS
−222.2%
Free cash flow
+19.3%
Total debt
+105.5%

Quarter to September 2026, against a year earlier

10.70 0.05 −0.47%
Market cap
$2.8B
P/E
47.2×
Fwd P/E
−19.5×
Dividend yield
19.0%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Dynex Capital, Inc. (DX) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Dynex Capital, Inc. (DX) trades at a EV/EBITDA of 24.6×. Over the past ten years it has ranged from 8.6× (September 2020) to 38.2× (October 2021); the current reading is higher than 80% of that period. That is below the Reit Mortgage industry median of 28.3× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 28.9× 40.66%
FY2024 20.6× (11.79%)
FY2023 23.3× 31.47%
FY2022 17.7× (6.68%)
FY2021 19.0× 52.18%
FY2020 12.5× (27.98%)
FY2019 17.4× 18.06%
FY2018 14.7× 22.96%
FY2017 12.0× (12.91%)
FY2016 13.7× 15.75%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 24.7× (14.42%)
Jun 2026 28.9× (14.66%)
Mar 2026 33.8× 16.85%
Dec 2025 28.9× (1.07%)
43 more quarters

Against its own ten years

Low 8.6× High 38.2×
Ten-year median 18.1×
Current reading's percentile 80

EV/EBITDA against peers

Company EV/EBITDA
ORC Orchid Island Capital, Inc. compare 2.5×
BXMT Blackstone Mortgage Trust, Inc. compare 13.7×
RITM Rithm Capital Corp. compare 15.2×
ARR ARMOUR Residential REIT, Inc. compare 21.8×
EFC Ellington Financial Inc. compare 24.1×
DX Dynex Capital, Inc. 24.6×
LADR Ladder Capital Corp compare 56.9×
CIM Chimera Investment Corporation compare 144×
STWD STARWOOD PROPERTY TRUST, INC. compare 182×
Reit Mortgage industry median 28.3×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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