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

Annaly Capital Management Inc

NLY Real Estate Reit Mortgage

Annaly Capital Management Inc’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, up 22.1% from fiscal 2024.

Revenue
−76.9%
EPS
−212.4%
Free cash flow
+741.7%

Quarter to September 2026, against a year earlier

18.73 0.12 −0.64%
Market cap
$14.9B
P/E
13.2×
Fwd P/E
18.4×
Dividend yield
15.4%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Annaly Capital Management Inc (NLY) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Annaly Capital Management Inc (NLY) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.5× (March 2020) to 1.2× (December 2025); the current reading is higher than 79% of that period. That is above the Reit Mortgage industry median of 0.5× and in line with the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.0× 16.42%
FY2024 0.9× (11.90%)
FY2023 1.0× 8.27%
FY2022 0.9× (6.32%)
FY2021 1.0× 0.00%
FY2020 1.0× (2.16%)
FY2019 1.0× 1.65%
FY2018 1.0× 1.77%
FY2017 0.9× 10.07%
FY2016 0.9× 6.35%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.0× (5.89%)
Jun 2026 1.1× 3.44%
Mar 2026 1.1× 5.67%
Dec 2025 1.0× (0.93%)
43 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 1.0×
Current reading's percentile 77

P/B ratio against peers

Company P/B ratio
BXMT Blackstone Mortgage Trust, Inc. compare 0.7×
STWD STARWOOD PROPERTY TRUST, INC. compare 0.7×
RITM Rithm Capital Corp. compare 0.7×
ARR ARMOUR Residential REIT, Inc. compare 0.8×
LADR Ladder Capital Corp compare 0.8×
EFC Ellington Financial Inc. compare 0.8×
DX Dynex Capital, Inc. compare 1.0×
NLY Annaly Capital Management Inc 1.0×
AGNC AGNC Investment Corp. compare 1.1×
Reit Mortgage industry median 0.5×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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