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

Dynex Capital, Inc. (DX) Net margin

Alert me on Net margin

Dynex Capital, Inc.'s net margin over the twelve months to 30 September 2026 was −5.66%, down 63.6 percentage points from fiscal 2025 (57.9%). Over the past ten years it has ranged from −97.3% (fiscal 2019) to 165.9% (fiscal 2020); the current reading is higher than 73% of that period. That is below the Reit Mortgage industry median of −1.81% and below the Real Estate sector median of 4.66%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 57.9% 24.65
FY2024 33.2% 39.90
FY2023 −6.66% (162.92)
FY2022 156.3% 4.81
FY2021 151.5% (14.43)
FY2020 165.9% 263.22
FY2019 −97.3% (93.00)
FY2018 −4.34% (28.78)
FY2017 24.4% (12.46)
FY2016 36.9% 29.55

Quarterly newest first

Period Net margin Change (points)
Sep 2026 −101.8% (160.59)
Jun 2026 58.8% 91.09
Mar 2026 −32.3% (135.39)
Dec 2025 103.1% 4.56
43 more quarters

Against its own ten years

Low −97.3% High 165.9%
Ten-year median 33.2%
Current reading's percentile 23

Net margin against peers

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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