Annaly Capital Management Inc (NLY) vs STARWOOD PROPERTY TRUST, INC. (STWD)

Annaly Capital Management Inc and STARWOOD PROPERTY TRUST, INC. are both Reit Mortgage companies. Annaly Capital Management Inc is the larger, with a market value of $15.6B against $5.3B — 2.9× the size. Annaly Capital Management Inc trades at the lower P/E: 5.2× against 24.3×. Annaly Capital Management Inc grew revenue faster over the last twelve months: 50.5% against 11.8%. Annaly Capital Management Inc has the higher net margin (33.3% vs 10.9%) and the higher return on invested capital (13.2% vs 0.06%). Both pay a dividend; Annaly Capital Management Inc yields more (13.7% vs 10.0%). Across the 21 metrics below, Annaly Capital Management Inc leads on 15 and STARWOOD PROPERTY TRUST, INC. on 6.

Valuation

Metric NLY STWD Reit Mortgage median
P/E 5.15 24.34 7.80
P/S 1.82 2.62 1.90
P/B 1.00 0.77 0.61
Price to free cash flow n/m 8.62 5.90
EV/EBITDA n/m 185.91 28.40
EV/Sales 1.76 14.10 16.02
Earnings yield 19.41% 4.11% 7.68%
Free cash flow yield (0.46%) 11.60% 11.60%

Profitability

Metric NLY STWD Reit Mortgage median
Gross margin 38.06% 29.13% 100.00%
Operating margin 0.00% 1.54% 35.40%
Net margin 33.33% 10.86% 11.85%
Free cash flow margin (1.53%) 30.39% 26.68%
Return on equity 20.55% 3.21% 4.81%
Return on assets 2.18% 0.35% 0.62%
Return on invested capital 13.22% 0.06% 1.22%

Growth

Metric NLY STWD Reit Mortgage median
Revenue growth (TTM) 50.46% 11.78% 4.70%
EPS growth (last fiscal year) 80.25% 4.55% —
Revenue growth, 5-year CAGR 103.38% 10.17% 14.60%
Net income growth, 5-year CAGR 0.00% 3.94% 0.00%

Health

Metric NLY STWD Reit Mortgage median
Debt to equity 0.00 3.47 3.30
Current ratio 0.13 1.46 1.00
Net debt to EBITDA 0.00 160.93 18.31

Dividend

Metric NLY STWD Reit Mortgage median
Dividend yield 13.69% 10.04% 13.05%
Payout ratio 0.47 1.10 1.24

Size

Metric NLY STWD Reit Mortgage median
Market cap 15.56b 5.32b 517.48m

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