Dynex Capital (DX) Financials

$11.76 +0.08 (+0.64%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$11.72 -0.04 (-0.38%)

As of 04/15/2025 07:55 PM Eastern

Annual Income Statements for Dynex Capital

This table shows Dynex Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	19	7.37	34	23	-4.78	-166	160	91	135	-14	106
Consolidated Net Income / (Loss)	28	17	43	34	7.02	-153	178	102	143	-6.13	114
Net Income / (Loss) Continuing Operations	28	16	43	34	7.02	-153	178	102	143	-6.13	114
Total Pre-Tax Income	27	16	43	34	7.02	-153	178	102	143	-6.13	114
Total Revenue	43	34	58	50	22	-137	199	141	389	-118	291
Net Interest Income / (Expense)	80	78	67	58	50	56	64	54	43	-7.93	5.88
Total Interest Income	80	100	92	95	110	170	96	60	87	208	320
Investment Securities Interest Income	-	100	92	-	110	170	96	60	87	208	320
Total Interest Expense	0.00	23	25	36	60	114	33	5.67	44	215	314
Long-Term Debt Interest Expense	-	23	25	36	60	114	33	5.67	44	215	314
Total Non-Interest Income	-37	-44	-8.96	-8.69	-28	-193	135	87	345	-110	285
Other Service Charges	-	-	0.88	-0.20	-1.57	0.02	-1.06	-1.34	-1.49	-2.15	-1.91
Net Realized & Unrealized Capital Gains on Investments	-37	-44	-9.84	-8.49	-27	-193	136	88	347	-108	287
Total Non-Interest Expense	16	18	15	16	15	16	21	24	32	31	35
Salaries and Employee Benefits	9.51	9.10	7.55	8.51	6.61	7.52	12	13	17	17	21
Other Operating Expenses	6.50	8.57	7.16	7.31	8.50	8.47	9.34	11	16	14	14
Nonoperating Income / (Expense), net	-	-	-	-	-	-0.06	0.02	-15	-213	143	-142
Preferred Stock Dividends Declared	9.18	9.18	9.19	11	12	13	18	11	7.69	7.69	7.69
Basic Earnings per Share	$0.34	$0.14	$0.69	$1.37	($0.25)	($7.01)	$6.93	$2.79	$3.19	($0.25)	$1.50
Weighted Average Basic Shares Outstanding	54.70M	52.85M	49.11M	16.81M	19.24M	23.62M	23.11M	32.60M	42.49M	54.81M	70.77M
Diluted Earnings per Share	$0.34	$0.14	$0.69	$1.37	($0.25)	($7.01)	$6.93	$2.78	$3.17	($0.25)	$1.49
Weighted Average Diluted Shares Outstanding	54.70M	52.85M	49.11M	16.81M	19.24M	23.62M	23.11M	32.76M	42.74M	54.81M	71.26M
Weighted Average Basic & Diluted Shares Outstanding	54.70M	52.85M	49.11M	16.81M	19.24M	23.62M	23.11M	36.67M	53.84M	58.54M	90.47M
Cash Dividends to Common per Share	$1.00	$0.96	$0.84	$0.72	$0.72	$2.01	$1.66	$1.56	-	-	$1.60

This table shows Dynex Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-49	41	-44	52	-45	22	38	-10	29	49
Consolidated Net Income / (Loss)	-47	43	-42	54	-43	24	40	-8.30	31	51
Net Income / (Loss) Continuing Operations	-47	43	-42	54	-43	24	40	-8.30	31	51
Total Pre-Tax Income	-47	43	-42	54	-43	24	40	-8.30	31	51
Total Revenue	33	19	-91	61	144	-231	121	40	-154	283
Net Interest Income / (Expense)	7.12	6.21	-0.46	-2.93	-2.26	-2.28	-3.19	1.29	0.89	6.89
Total Interest Income	20	31	31	42	63	71	72	76	83	88
Investment Securities Interest Income	20	31	31	42	63	71	72	76	83	88
Total Interest Expense	13	24	31	45	66	73	75	75	83	82
Long-Term Debt Interest Expense	13	24	31	45	66	73	75	75	83	82
Total Non-Interest Income	26	12	-91	64	146	-229	124	39	-155	276
Other Service Charges	-0.43	-0.44	-0.43	-0.44	-0.80	-0.49	-0.42	-0.60	-0.44	-0.45
Net Realized & Unrealized Capital Gains on Investments	26	13	-91	64	147	-229	125	40	-154	277
Total Non-Interest Expense	10	7.90	7.37	7.20	7.84	8.32	11	6.64	8.27	8.80
Salaries and Employee Benefits	6.10	3.84	3.75	3.62	4.57	4.99	7.18	3.28	4.53	5.51
Other Operating Expenses	4.04	4.06	3.62	3.58	3.27	3.33	3.70	3.36	3.74	3.29
Nonoperating Income / (Expense), net	-69	33	57	0.49	-179	264	-70	-42	193	-223
Preferred Stock Dividends Declared	1.92	1.93	1.92	1.92	1.92	1.93	1.92	1.92	1.92	1.93
Basic Earnings per Share	($1.07)	$0.42	($0.81)	$0.97	($0.82)	$0.41	$0.65	($0.15)	$0.38	$0.62
Weighted Average Basic Shares Outstanding	45.35M	42.49M	53.82M	54.14M	54.56M	54.81M	59.01M	66.95M	75.79M	70.77M
Diluted Earnings per Share	($1.07)	$0.44	($0.81)	$0.96	($0.82)	$0.42	$0.64	($0.15)	$0.38	$0.62
Weighted Average Diluted Shares Outstanding	45.35M	42.74M	53.82M	54.59M	54.56M	54.81M	59.72M	66.95M	76.37M	71.26M
Weighted Average Basic & Diluted Shares Outstanding	46.35M	53.84M	54.11M	54.20M	56.65M	58.54M	64.16M	74.71M	79.30M	90.47M

This table details how cash moves in and out of Dynex Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-25	-1.08	14	-12	1.50	44	174	112	29	-212	384
Net Cash From Operating Activities	214	217	211	204	181	175	174	147	126	62	14
Net Cash From Continuing Operating Activities	214	217	211	204	181	175	174	147	126	62	14
Net Income / (Loss) Continuing Operations	28	17	43	34	7.02	-153	178	102	143	-6.13	114
Consolidated Net Income / (Loss)	28	17	43	34	7.02	-153	178	102	143	-6.13	114
Depreciation Expense	8.90	5.34	1.50	1.29	1.23	1.68	1.99	2.31	2.35	2.32	1.87
Amortization Expense	138	152	151	158	143	134	126	118	98	75	48
Non-Cash Adjustments to Reconcile Net Income	-14	3.87	12	10	28	194	-134	-71	-129	-30	-137
Changes in Operating Assets and Liabilities, net	54	39	2.73	1.20	1.26	-1.33	2.03	-4.98	12	21	-12
Net Cash From Investing Activities	424	-209	68	87	-869	-1,605	2,353	-555	-65	-2,960	-1,026
Net Cash From Continuing Investing Activities	424	-209	68	87	-869	-1,605	2,353	-555	-65	-2,960	-1,026
Purchase of Investment Securities	-615	-1,169	-496	-1,318	-1,795	-2,991	-2,437	-1,542	-1,100	-3,674	-1,509
Sale and/or Maturity of Investments	1,039	960	564	1,406	926	1,388	4,784	992	1,036	669	529
Other Investing Activities, net	-	-	-	-	-0.10	-1.72	5.68	-5.85	-1.40	46	-46
Net Cash From Financing Activities	-664	-8.66	-265	-304	690	1,474	-2,353	520	-32	2,686	1,395
Net Cash From Continuing Financing Activities	-664	-8.66	-265	-304	690	1,474	-2,353	520	-32	2,686	1,395
Issuance of Debt	22,548	23,555	40,595	84,877	105,236	102,505	31,054	12,635	16,249	23,502	66,437
Issuance of Common Equity	0.25	0.17	0.14	47	42	64	9.89	237	247	43	332
Repayment of Debt	-23,118	-23,461	-40,807	-85,211	-104,536	-101,022	-33,372	-12,223	-16,454	-20,766	-65,255
Payment of Dividends	-65	-61	-52	-48	-53	-68	-52	-59	-72	-93	-118
Other Financing Activities, Net	-29	-0.56	-0.69	-0.58	-0.37	-0.48	-0.25	-1.18	-1.35	-0.45	-1.18
Cash Interest Paid	19	19	24	36	53	109	46	5.71	29	179	322

This table details how cash moves in and out of Dynex Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	69	-57	-56	39	-16	-179	180	-9.07	-3.67	216
Net Cash From Operating Activities	26	30	3.74	31	10	17	-17	19	-2.26	15
Net Cash From Continuing Operating Activities	26	30	3.74	31	10	17	-17	19	-2.26	15
Net Income / (Loss) Continuing Operations	-47	43	-42	54	-43	24	40	-8.30	31	51
Consolidated Net Income / (Loss)	-47	43	-42	54	-43	24	40	-8.30	31	51
Depreciation Expense	0.57	0.65	0.59	0.61	0.55	0.58	0.50	0.42	0.43	0.51
Amortization Expense	25	21	20	19	19	17	14	12	12	9.49
Non-Cash Adjustments to Reconcile Net Income	45	-45	34	-64	34	-34	-50	3.26	-38	-52
Changes in Operating Assets and Liabilities, net	0.85	11	-9.24	21	0.12	9.25	-21	11	-7.55	6.43
Net Cash From Investing Activities	-788	206	-332	-1,237	-834	-556	233	-335	-955	32
Net Cash From Continuing Investing Activities	-788	206	-332	-1,237	-834	-556	233	-335	-955	32
Purchase of Investment Securities	-1,500	438	-310	-1,799	-1,099	-465	173	-675	-933	-75
Sale and/or Maturity of Investments	771	-232	-49	583	246	-112	97	329	-11	115
Other Investing Activities, net	-59	0.44	27	-22	19	21	-37	11	-11	-7.90
Net Cash From Financing Activities	832	-293	272	1,245	808	361	-35	308	954	169
Net Cash From Continuing Financing Activities	832	-293	272	1,245	808	361	-35	308	954	169
Issuance of Debt	5,696	3,514	5,429	5,570	5,346	7,157	12,273	14,728	18,929	20,507
Issuance of Common Equity	45	92	2.77	3.54	30	5.95	87	125	56	64
Repayment of Debt	-4,889	-3,879	-5,136	-4,306	-4,546	-6,778	-12,370	-14,518	-18,000	-20,368
Payment of Dividends	-19	-20	-23	-23	-23	-24	-25	-27	-31	-35
Other Financing Activities, Net	-0.62	-0.00	-0.28	-0.17	-0.00	0.00	-0.53	-	-0.65	-0.00
Cash Interest Paid	10	13	35	24	56	63	92	56	89	86

This table presents Dynex Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,688	3,670	3,398	3,306	3,886	5,371	3,095	3,640	3,605	6,370	8,185
Cash and Due from Banks	44	34	74	41	35	63	296	366	332	120	377
Restricted Cash	42	51	25	46	54	72	14	55	118	118	244
Trading Account Securities	3,526	3,512	3,260	3,192	3,768	5,202	2,608	3,190	3,120	6,093	7,512
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	36	48	39	26	30	35	177	24	36	39	51
Total Liabilities & Shareholders' Equity	3,688	3,670	3,398	3,306	3,886	5,371	3,095	3,640	3,605	6,370	8,185
Total Liabilities	3,081	3,178	2,931	2,749	3,359	4,788	2,461	2,868	2,704	5,499	7,000
Short-Term Debt	3,049	2,631	2,906	2,723	3,328	4,760	2,438	2,852	2,671	5,381	6,928
Accrued Interest Payable	1.95	1.74	3.16	3.73	10	16	1.41	1.37	16	53	45
Other Short-Term Payables	16	14	12	13	14	6.28	5.81	-	9.10	10	17
Other Long-Term Liabilities	3.65	3.50	2.81	3.87	3.24	3.52	8.28	15	7.19	54	11
Total Equity & Noncontrolling Interests	607	492	467	557	527	583	633	771	901	871	1,185
Total Preferred & Common Equity	607	492	467	557	527	583	633	771	901	871	1,185
Preferred Stock	110	110	110	141	143	163	175	108	108	108	108
Total Common Equity	498	382	357	416	384	420	459	663	793	763	1,077
Common Stock	764	726	728	776	819	859	870	1,108	1,358	1,405	1,743
Retained Earnings	-288	-331	-338	-352	-399	-612	-491	-451	-383	-484	-494
Accumulated Other Comprehensive Income / (Loss)	21	-13	-33	-8.70	-36	174	80	6.73	-181	-159	-172

This table presents Dynex Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,050	3,870	5,526	6,041	6,304	6,684	7,816
Cash and Due from Banks	260	279	300	271	296	286	268
Restricted Cash	246	115	133	145	123	123	137
Trading Account Securities	3,164	3,334	5,059	5,588	5,849	6,202	7,332
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	376	142	34	36	37	73	79
Total Liabilities & Shareholders' Equity	4,050	3,870	5,526	6,041	6,304	6,684	7,816
Total Liabilities	3,278	3,015	4,645	5,236	5,346	5,638	6,674
Short-Term Debt	3,257	2,962	4,573	5,177	5,286	5,546	6,595
Accrued Interest Payable	4.91	13	34	43	36	55	49
Other Short-Term Payables	8.15	9.21	9.44	9.97	11	13	14
Other Long-Term Liabilities	8.37	31	28	6.08	13	25	16
Total Equity & Noncontrolling Interests	771	855	881	804	959	1,045	1,143
Total Preferred & Common Equity	771	855	881	804	959	1,045	1,143
Preferred Stock	108	108	108	108	108	108	108
Total Common Equity	663	747	773	697	851	937	1,035
Common Stock	1,265	1,362	1,366	1,398	1,496	1,621	1,678
Retained Earnings	-405	-448	-417	-484	-469	-506	-507
Accumulated Other Comprehensive Income / (Loss)	-197	-167	-176	-218	-176	-178	-136

This table displays calculated financial ratios and metrics derived from Dynex Capital's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-47.28%	-21.59%	72.08%	-13.98%	-55.42%	-717.43%	245.35%	-28.92%	175.25%	-130.35%	346.68%
EBITDA Growth	-15.23%	0.01%	12.52%	-1.20%	-21.56%	-111.39%	1,874.53%	-22.34%	92.21%	-115.69%	526.96%
EBIT Growth	-60.69%	-40.71%	171.01%	-21.17%	-79.28%	-2,273.03%	216.31%	-34.05%	204.23%	-141.73%	272.41%
NOPAT Growth	-60.69%	-40.71%	171.01%	-21.17%	-79.28%	-1,621.12%	266.16%	-34.05%	204.23%	-129.21%	346.30%
Net Income Growth	-59.15%	-40.50%	160.51%	-21.36%	-79.28%	-2,273.83%	216.29%	-42.40%	40.00%	-104.28%	1,958.04%
EPS Growth	-69.09%	-58.82%	392.86%	-21.36%	-79.28%	-2,704.00%	198.86%	-59.88%	14.03%	-107.89%	696.00%
Operating Cash Flow Growth	2.74%	1.15%	-2.97%	-2.88%	-11.68%	-2.89%	-0.80%	-15.51%	-14.03%	-50.77%	-76.86%
Free Cash Flow Firm Growth	343.70%	-94.27%	887.13%	-59.39%	-543.12%	-181.48%	253.84%	-117.75%	193.65%	-783.30%	42.35%
Invested Capital Growth	-12.62%	-0.44%	-7.44%	-2.78%	17.44%	38.52%	-42.54%	17.97%	-1.41%	75.00%	29.76%
Revenue Q/Q Growth	-27.65%	330.59%	47.52%	-49.00%	-81.99%	-11.62%	-31.19%	300.81%	-3.38%	-189.24%	230.05%
EBITDA Q/Q Growth	-9.20%	42.35%	10.65%	-20.95%	-40.50%	-212.06%	-24.22%	752.24%	-4.69%	-139.14%	252.10%
EBIT Q/Q Growth	-41.10%	149.44%	81.26%	-58.55%	-93.46%	-10.70%	-34.34%	223.40%	-4.07%	-245.98%	199.42%
NOPAT Q/Q Growth	-41.43%	170.63%	81.26%	-58.55%	-93.46%	-10.70%	-34.33%	270.95%	-4.07%	-202.19%	199.42%
Net Income Q/Q Growth	-39.14%	234.35%	556.10%	-58.15%	-91.43%	41.45%	-7.64%	-20.51%	25.66%	-147.69%	30.74%
EPS Q/Q Growth	-48.48%	135.00%	1,480.00%	-58.15%	-91.43%	43.88%	-8.09%	-16.27%	32.64%	-8.70%	15.50%
Operating Cash Flow Q/Q Growth	1.93%	-0.18%	-0.73%	-2.16%	-3.40%	6.82%	-5.04%	-3.75%	-6.07%	-17.84%	-9.03%
Free Cash Flow Firm Q/Q Growth	-84.97%	101.05%	-10.52%	-54.78%	-194.36%	25.59%	-3.39%	-155.48%	216.12%	-50.33%	20.32%
Invested Capital Q/Q Growth	470.05%	-0.11%	1.57%	5.09%	12.62%	-2.30%	-4.14%	9.61%	-11.31%	4.52%	4.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	405.68%	517.43%	338.33%	388.59%	683.71%	0.00%	154.03%	168.29%	117.52%	0.00%	105.14%
EBIT Margin	62.57%	47.31%	74.51%	68.28%	31.74%	0.00%	89.39%	82.94%	91.67%	0.00%	88.11%
Profit (Net Income) Margin	65.02%	49.34%	74.69%	68.28%	31.74%	0.00%	89.40%	72.44%	36.85%	0.00%	39.16%
Tax Burden Percent	103.91%	104.28%	100.24%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.04%	100.01%	87.35%	40.19%	4.12%	44.45%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.68%	0.43%	1.22%	1.02%	0.20%	0.00%	4.22%	3.50%	9.90%	0.00%	3.57%
ROIC Less NNEP Spread (ROIC-NNEP)	0.71%	0.46%	1.23%	1.02%	0.20%	0.00%	4.22%	2.94%	2.19%	0.00%	1.25%
Return on Net Nonoperating Assets (RNNOA)	3.98%	2.58%	7.76%	5.60%	1.10%	0.00%	24.97%	11.06%	7.22%	0.00%	7.51%
Return on Equity (ROE)	4.66%	3.01%	8.99%	6.62%	1.30%	-27.50%	29.19%	14.56%	17.12%	-0.69%	11.08%
Cash Return on Invested Capital (CROIC)	14.15%	0.87%	8.95%	3.83%	-15.85%	-34.62%	58.24%	-12.99%	11.32%	-56.66%	-22.34%
Operating Return on Assets (OROA)	0.68%	0.43%	1.22%	1.01%	0.20%	0.00%	4.19%	3.48%	9.83%	0.00%	3.52%
Return on Assets (ROA)	0.70%	0.45%	1.22%	1.01%	0.20%	0.00%	4.19%	3.04%	3.95%	0.00%	1.57%
Return on Common Equity (ROCE)	3.80%	2.41%	6.93%	4.99%	0.96%	-19.93%	21.09%	11.63%	14.91%	-0.61%	9.92%
Return on Equity Simple (ROE_SIMPLE)	4.58%	3.36%	9.23%	6.08%	1.33%	-26.19%	28.03%	13.26%	15.88%	-0.70%	9.61%
Net Operating Profit after Tax (NOPAT)	27	16	43	34	7.02	-107	178	117	356	-104	256
NOPAT Margin	62.57%	47.31%	74.51%	68.28%	31.74%	0.00%	89.39%	82.94%	91.67%	0.00%	88.11%
Net Nonoperating Expense Percent (NNEP)	-0.03%	-0.02%	0.00%	0.00%	0.00%	1.13%	0.00%	0.56%	7.71%	-2.43%	2.31%
SG&A Expenses to Revenue	22.23%	27.15%	13.08%	17.14%	29.85%	0.00%	5.91%	9.04%	4.33%	0.00%	7.05%
Operating Expenses to Revenue	37.43%	52.69%	25.49%	31.72%	68.26%	0.00%	10.61%	17.06%	8.33%	0.00%	11.89%
Earnings before Interest and Taxes (EBIT)	27	16	43	34	7.02	-153	178	117	356	-149	256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	173	174	195	193	151	-17	306	238	457	-72	306
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.30	0.31	0.41	0.43	0.48	0.56	0.61	0.68	0.56	0.80	0.90
Price to Tangible Book Value (P/TBV)	0.30	0.31	0.41	0.43	0.48	0.56	0.61	0.68	0.56	0.80	0.90
Price to Revenue (P/Rev)	3.54	3.57	2.51	3.60	8.30	0.00	1.40	3.19	1.15	0.00	3.33
Price to Earnings (P/E)	8.13	16.25	4.28	7.74	0.00	0.00	1.74	4.95	3.29	0.00	9.13
Dividend Yield	36.13%	39.42%	28.46%	21.43%	23.41%	24.87%	13.83%	12.71%	16.23%	14.51%	12.93%
Earnings Yield	12.30%	6.15%	23.37%	12.92%	0.00%	0.00%	57.59%	20.21%	30.41%	0.00%	10.96%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.90	0.91	0.90	0.93	0.94	0.84	0.82	0.78	0.94	0.91
Enterprise Value to Revenue (EV/Rev)	75.64	98.51	53.18	59.66	161.30	0.00	13.00	21.17	7.14	0.00	25.39
Enterprise Value to EBITDA (EV/EBITDA)	18.64	19.04	15.72	15.35	23.59	0.00	8.44	12.58	6.08	0.00	24.15
Enterprise Value to EBIT (EV/EBIT)	120.88	208.22	71.37	87.38	508.23	0.00	14.54	25.53	7.79	0.00	28.81
Enterprise Value to NOPAT (EV/NOPAT)	120.88	208.22	71.37	87.38	508.23	0.00	14.54	25.53	7.79	0.00	28.81
Enterprise Value to Operating Cash Flow (EV/OCF)	15.08	15.23	14.58	14.49	19.77	28.66	14.84	20.34	21.96	94.22	513.02
Enterprise Value to Free Cash Flow (EV/FCFF)	5.82	103.65	9.75	23.18	0.00	0.00	1.05	0.00	6.81	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.04	6.42	6.23	4.90	6.32	8.17	3.85	3.70	2.96	6.18	5.85
Long-Term Debt to Equity	0.02	1.07	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	5.59	5.66	6.33	5.51	5.59	7.29	5.92	3.77	3.30	4.54	5.99
Leverage Ratio	6.63	6.69	7.37	6.54	6.63	8.34	6.96	4.79	4.33	5.63	7.08
Compound Leverage Factor	6.63	6.69	7.37	6.54	6.63	8.34	6.96	4.19	1.74	0.23	3.15
Debt to Total Capital	83.44%	86.52%	86.18%	83.05%	86.34%	89.09%	79.38%	78.72%	74.77%	86.07%	85.39%
Short-Term Debt to Total Capital	83.15%	72.05%	85.99%	82.88%	86.25%	89.04%	79.38%	78.72%	74.77%	86.07%	85.39%
Long-Term Debt to Total Capital	0.29%	14.47%	0.19%	0.17%	0.09%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	2.99%	3.00%	3.26%	4.30%	3.70%	3.05%	5.68%	2.98%	3.02%	1.73%	1.33%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	13.57%	10.47%	10.57%	12.65%	9.96%	7.86%	14.94%	18.31%	22.21%	12.20%	13.28%
Debt to EBITDA	17.64	18.21	14.92	14.15	22.02	-276.26	7.97	12.01	5.85	-75.14	22.66
Net Debt to EBITDA	17.14	17.72	14.41	13.69	21.43	-268.48	6.96	10.23	4.86	-71.81	20.62
Long-Term Debt to EBITDA	0.06	3.05	0.03	0.03	0.02	-0.16	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	114.34	199.12	67.73	80.51	474.38	-44.58	13.74	24.36	7.50	-51.72	27.04
Net Debt to NOPAT	111.12	193.76	65.43	77.93	461.75	-43.32	11.99	20.77	6.24	-49.44	24.61
Long-Term Debt to NOPAT	0.40	33.31	0.15	0.16	0.49	-0.03	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	18.38%	19.95%	22.90%	24.54%	26.21%	27.54%	27.73%	20.10%	12.90%	12.17%	10.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	556	32	315	128	-566	-1,593	2,451	-435	407	-2,783	-1,605
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	1.41	12.47	3.53	-9.50	-13.96	75.15	-76.70	9.34	-12.92	-5.12
Operating Cash Flow to Interest Expense	0.00	9.60	8.34	5.65	3.03	1.54	5.33	25.92	2.90	0.29	0.05
Operating Cash Flow Less CapEx to Interest Expense	0.00	9.60	8.34	5.65	3.03	1.54	5.33	25.92	2.90	0.29	0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.01	0.02	0.01	0.01	0.00	0.05	0.04	0.11	0.00	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,667	3,651	3,379	3,286	3,859	5,345	3,072	3,624	3,572	6,252	8,113
Invested Capital Turnover	0.01	0.01	0.02	0.01	0.01	0.00	0.05	0.04	0.11	0.00	0.04
Increase / (Decrease) in Invested Capital	-529	-16	-272	-94	573	1,486	-2,274	552	-51	2,679	1,861
Enterprise Value (EV)	3,235	3,303	3,069	2,961	3,569	5,026	2,581	2,989	2,775	5,860	7,383
Market Capitalization	152	120	145	179	184	235	278	450	445	609	969
Book Value per Share	$9.09	$7.78	$7.27	$7.81	$6.44	$18.31	$19.83	$18.09	$17.12	$13.47	$13.58
Tangible Book Value per Share	$9.09	$7.78	$7.27	$7.81	$6.44	$18.31	$19.83	$18.09	$17.12	$13.47	$13.58
Total Capital	3,667	3,651	3,379	3,286	3,859	5,345	3,072	3,624	3,572	6,252	8,113
Total Debt	3,060	3,159	2,912	2,729	3,332	4,762	2,438	2,852	2,671	5,381	6,928
Total Long-Term Debt	11	528	6.44	5.52	3.46	2.73	0.00	0.00	0.00	0.00	0.00
Net Debt	2,974	3,074	2,813	2,641	3,243	4,628	2,128	2,431	2,221	5,143	6,306
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-1.05	-0.68	-0.10	0.00	0.00	46	-0.02	15	213	-98	142
Net Nonoperating Obligations (NNO)	3,060	3,159	2,912	2,729	3,332	4,762	2,438	2,852	2,671	5,381	6,928
Total Depreciation and Amortization (D&A)	147	158	152	159	144	135	128	120	100	77	50
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$0.42	$2.07	$1.38	($0.24)	($7.01)	$6.93	$2.79	$3.19	($0.25)	$1.50
Adjusted Weighted Average Basic Shares Outstanding	18.31M	16.32M	16.40M	18.60M	23.61M	22.95M	26.86M	32.60M	42.49M	54.81M	70.77M
Adjusted Diluted Earnings per Share	$1.02	$0.42	$2.07	$1.38	($0.24)	($7.01)	$6.93	$2.78	$3.17	($0.25)	$1.49
Adjusted Weighted Average Diluted Shares Outstanding	18.31M	16.32M	16.40M	18.60M	23.61M	22.95M	26.86M	32.76M	42.74M	54.81M	71.26M
Adjusted Basic & Diluted Earnings per Share	$1.02	$0.42	$2.07	$1.38	($0.24)	($7.01)	$6.93	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.23M	17.62M	16.37M	16.81M	19.24M	23.62M	23.11M	36.67M	53.84M	58.54M	90.47M
Normalized Net Operating Profit after Tax (NOPAT)	19	11	30	24	4.92	-107	124	82	249	-104	179
Normalized NOPAT Margin	43.80%	33.12%	52.16%	47.69%	22.22%	0.00%	62.57%	58.06%	64.17%	0.00%	61.67%
Pre Tax Income Margin	62.57%	47.31%	74.51%	68.28%	31.74%	0.00%	89.40%	72.44%	36.85%	0.00%	39.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.70	1.70	0.94	0.12	-1.34	5.44	20.64	8.17	-0.69	0.82
NOPAT to Interest Expense	0.00	0.70	1.70	0.94	0.12	-0.94	5.44	20.64	8.17	-0.48	0.82
EBIT Less CapEx to Interest Expense	0.00	0.70	1.70	0.94	0.12	-1.34	5.44	20.64	8.17	-0.69	0.82
NOPAT Less CapEx to Interest Expense	0.00	0.70	1.70	0.94	0.12	-0.94	5.44	20.64	8.17	-0.48	0.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	233.33%	368.81%	120.42%	140.24%	751.67%	-44.57%	29.54%	57.59%	50.55%	-1,517.80%	103.46%
Augmented Payout Ratio	233.33%	617.67%	121.14%	140.24%	751.67%	-60.97%	29.75%	57.59%	50.55%	-1,517.80%	103.46%

This table displays calculated financial ratios and metrics derived from Dynex Capital's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.04%	-42.15%	-138.83%	-39.94%	340.45%	-1,340.05%	232.31%	-33.96%	-206.75%	222.36%
EBITDA Growth	1.71%	-41.22%	-130.69%	-38.50%	221.10%	-793.76%	258.62%	-36.91%	-196.13%	227.77%
EBIT Growth	31.58%	-58.44%	-143.26%	-42.98%	504.04%	-2,327.37%	211.43%	-37.47%	-218.98%	214.45%
NOPAT Growth	-7.90%	-58.44%	-130.29%	-42.98%	504.04%	-2,327.37%	259.19%	-56.23%	-269.98%	214.45%
Net Income Growth	-432.60%	207.94%	-135.60%	85.22%	7.76%	-43.85%	196.16%	-115.28%	172.00%	110.18%
EPS Growth	-405.71%	229.41%	-126.05%	39.13%	23.36%	-4.55%	179.01%	-115.63%	146.34%	47.62%
Operating Cash Flow Growth	-37.52%	-21.36%	-89.18%	-12.99%	-59.27%	-44.90%	-557.69%	-40.91%	-121.68%	-8.62%
Free Cash Flow Firm Growth	-734.43%	111.77%	45.40%	24.44%	-163.07%	-4,812.84%	-2,752.35%	51.25%	-3.22%	45.65%
Invested Capital Growth	21.84%	-1.41%	0.32%	75.00%	48.49%	75.00%	63.60%	20.84%	29.36%	29.76%
Revenue Q/Q Growth	-67.86%	-42.89%	-590.25%	166.74%	135.71%	-260.80%	152.31%	-66.69%	-481.01%	284.31%
EBITDA Q/Q Growth	-59.54%	-33.88%	-345.11%	193.80%	111.25%	-242.85%	156.04%	-62.69%	-421.90%	289.86%
EBIT Q/Q Growth	-76.15%	-52.22%	-1,018.52%	154.48%	152.65%	-276.18%	145.95%	-69.43%	-580.73%	269.46%
NOPAT Q/Q Growth	-83.31%	-31.75%	-742.96%	177.83%	76.85%	-351.68%	145.95%	-78.60%	-786.76%	269.46%
Net Income Q/Q Growth	-259.10%	192.75%	-196.38%	230.24%	-179.23%	156.46%	65.05%	-120.70%	473.28%	64.81%
EPS Q/Q Growth	-255.07%	141.12%	-284.09%	218.52%	-185.42%	151.22%	52.38%	-123.44%	353.33%	63.16%
Operating Cash Flow Q/Q Growth	-29.44%	17.77%	-87.57%	742.65%	-66.97%	59.31%	-203.22%	208.80%	-112.12%	771.49%
Free Cash Flow Firm Q/Q Growth	76.63%	108.77%	-231.18%	-2,710.67%	18.63%	-57.10%	20.61%	51.96%	-72.28%	17.28%
Invested Capital Q/Q Growth	29.23%	-11.31%	6.84%	42.90%	9.66%	4.52%	-0.12%	5.55%	17.39%	4.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	148.50%	171.90%	0.00%	120.79%	108.26%	0.00%	103.04%	115.39%	0.00%	100.42%
EBIT Margin	68.94%	57.68%	0.00%	88.21%	94.55%	0.00%	91.01%	83.52%	0.00%	96.89%
Profit (Net Income) Margin	-142.87%	232.02%	0.00%	89.01%	-29.92%	0.00%	33.15%	-20.60%	0.00%	18.04%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	-207.23%	402.29%	42.21%	100.91%	-31.64%	-10.14%	36.42%	-24.66%	-19.15%	18.62%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.29%	6.23%	0.00%	0.43%	1.75%	0.00%	1.71%	0.72%	0.00%	3.92%
ROIC Less NNEP Spread (ROIC-NNEP)	3.14%	7.41%	0.00%	0.44%	-1.53%	0.00%	0.01%	0.09%	0.00%	0.30%
Return on Net Nonoperating Assets (RNNOA)	11.75%	24.46%	0.00%	1.77%	-8.20%	0.00%	0.06%	0.46%	0.00%	1.78%
Return on Equity (ROE)	17.04%	30.68%	0.00%	2.20%	-6.45%	-0.69%	1.77%	1.17%	8.95%	5.70%
Cash Return on Invested Capital (CROIC)	-9.57%	11.32%	0.21%	-54.82%	-37.00%	-56.66%	-47.06%	-18.21%	-29.36%	-22.34%
Operating Return on Assets (OROA)	7.49%	6.19%	0.00%	0.42%	2.48%	0.00%	1.69%	1.01%	0.00%	3.87%
Return on Assets (ROA)	-15.52%	24.89%	0.00%	0.43%	-0.78%	0.00%	0.62%	-0.25%	0.00%	0.72%
Return on Common Equity (ROCE)	14.66%	26.73%	0.00%	1.92%	-5.57%	-0.61%	1.56%	1.04%	7.96%	5.10%
Return on Equity Simple (ROE_SIMPLE)	14.77%	0.00%	-1.84%	1.05%	1.60%	0.00%	7.90%	1.25%	7.62%	0.00%
Net Operating Profit after Tax (NOPAT)	16	11	-69	54	95	-240	110	24	-162	274
NOPAT Margin	48.26%	57.68%	0.00%	88.21%	66.19%	0.00%	91.01%	58.47%	0.00%	96.89%
Net Nonoperating Expense Percent (NNEP)	2.16%	-1.18%	-0.92%	-0.01%	3.28%	-6.56%	1.70%	0.63%	-3.28%	3.63%
SG&A Expenses to Revenue	18.68%	20.56%	0.00%	5.93%	3.18%	0.00%	5.93%	8.15%	0.00%	1.95%
Operating Expenses to Revenue	31.06%	42.33%	0.00%	11.79%	5.45%	0.00%	8.99%	16.48%	0.00%	3.11%
Earnings before Interest and Taxes (EBIT)	23	11	-99	54	136	-240	110	34	-162	274
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	32	-79	74	156	-223	125	47	-150	284
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.62	0.56	0.73	0.77	0.81	0.80	0.79	0.81	0.91	0.90
Price to Tangible Book Value (P/TBV)	0.62	0.56	0.73	0.77	0.81	0.80	0.79	0.81	0.91	0.90
Price to Revenue (P/Rev)	1.02	1.15	8.92	28.33	4.26	0.00	7.14	10.26	0.00	3.33
Price to Earnings (P/E)	3.86	3.29	0.00	385.34	109.02	0.00	9.93	141.04	11.88	9.13
Dividend Yield	16.93%	16.23%	15.30%	14.25%	15.03%	14.51%	13.08%	13.20%	12.35%	12.93%
Earnings Yield	25.89%	30.41%	0.00%	0.26%	0.92%	0.00%	10.07%	0.71%	8.42%	10.96%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.78	0.84	0.89	0.91	0.94	0.91	0.91	0.94	0.91
Enterprise Value to Revenue (EV/Rev)	8.13	7.14	52.44	231.59	41.11	0.00	59.74	81.27	0.00	25.39
Enterprise Value to EBITDA (EV/EBITDA)	6.82	6.08	26.46	63.94	29.68	0.00	42.91	57.45	0.00	24.15
Enterprise Value to EBIT (EV/EBIT)	8.80	7.79	111.67	0.00	53.34	0.00	93.63	149.41	0.00	28.81
Enterprise Value to NOPAT (EV/NOPAT)	8.80	7.79	159.52	0.00	53.34	0.00	93.63	149.41	0.00	28.81
Enterprise Value to Operating Cash Flow (EV/OCF)	24.30	21.96	33.76	53.29	71.74	94.22	136.64	210.78	457.68	513.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.81	395.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.22	2.96	3.47	5.19	6.44	6.18	5.51	5.31	5.77	5.85
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	3.75	3.30	3.65	3.97	5.35	4.54	4.55	5.25	6.05	5.99
Leverage Ratio	4.79	4.33	4.71	5.07	6.40	5.63	5.61	6.34	7.12	7.08
Compound Leverage Factor	-9.93	17.43	1.99	5.11	-2.03	-0.57	2.04	-1.56	-1.36	1.32
Debt to Total Capital	80.85%	74.77%	77.60%	83.85%	86.55%	86.07%	84.65%	84.14%	85.23%	85.39%
Short-Term Debt to Total Capital	80.85%	74.77%	77.60%	83.85%	86.55%	86.07%	84.65%	84.14%	85.23%	85.39%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	2.68%	3.02%	2.83%	1.98%	1.80%	1.73%	1.73%	1.64%	1.39%	1.33%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	16.47%	22.21%	19.57%	14.17%	11.64%	12.20%	13.62%	14.22%	13.37%	13.28%
Debt to EBITDA	6.80	5.85	24.31	60.41	28.30	-75.14	40.14	53.08	-32.80	22.66
Net Debt to EBITDA	5.74	4.86	21.08	54.69	26.02	-71.81	36.96	49.17	-30.79	20.62
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	8.77	7.50	146.51	-390.60	50.85	-51.72	87.59	138.04	-25.59	27.04
Net Debt to NOPAT	7.41	6.24	127.04	-353.64	46.76	-49.44	80.65	127.85	-24.01	24.61
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	13.96%	12.90%	0.00%	12.52%	13.69%	12.17%	11.89%	11.20%	11.08%	10.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-706	62	-81	-2,284	-1,858	-2,919	-2,318	-1,113	-1,918	-1,587
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-53.18	2.55	-2.60	-50.59	-28.36	-39.74	-31.02	-14.89	-23.23	-19.44
Operating Cash Flow to Interest Expense	1.92	1.24	0.12	0.70	0.16	0.23	-0.23	0.25	-0.03	0.19
Operating Cash Flow Less CapEx to Interest Expense	1.92	1.24	0.12	0.70	0.16	0.23	-0.23	0.25	-0.03	0.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.02	0.00	0.03	0.00	0.02	0.01	0.00	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,028	3,572	3,817	5,454	5,982	6,252	6,245	6,591	7,738	8,113
Invested Capital Turnover	0.11	0.11	0.02	0.00	0.03	0.00	0.02	0.01	0.00	0.04
Increase / (Decrease) in Invested Capital	722	-51	12	2,338	1,953	2,679	2,428	1,137	1,756	1,861
Enterprise Value (EV)	3,268	2,775	3,225	4,841	5,431	5,860	5,651	6,003	7,241	7,383
Market Capitalization	410	445	549	592	563	609	676	758	943	969
Book Value per Share	$14.90	$17.12	$13.88	$14.29	$12.85	$13.47	$14.42	$14.61	$13.85	$13.58
Tangible Book Value per Share	$14.90	$17.12	$13.88	$14.29	$12.85	$13.47	$14.42	$14.61	$13.85	$13.58
Total Capital	4,028	3,572	3,817	5,454	5,982	6,252	6,245	6,591	7,738	8,113
Total Debt	3,257	2,671	2,962	4,573	5,177	5,381	5,286	5,546	6,595	6,928
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	2,750	2,221	2,568	4,141	4,761	5,143	4,868	5,137	6,190	6,306
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	62	-33	-27	-0.49	138	-264	70	32	-193	223
Net Nonoperating Obligations (NNO)	3,257	2,671	2,962	4,573	5,177	5,381	5,286	5,546	6,595	6,928
Total Depreciation and Amortization (D&A)	26	21	20	20	20	17	15	13	12	10
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.07)	$0.42	($0.81)	$0.97	($0.82)	$0.41	$0.65	($0.15)	$0.38	$0.62
Adjusted Weighted Average Basic Shares Outstanding	45.35M	42.49M	53.82M	54.14M	54.56M	54.81M	59.01M	66.95M	75.79M	70.77M
Adjusted Diluted Earnings per Share	($1.07)	$0.44	($0.81)	$0.96	($0.82)	$0.42	$0.64	($0.15)	$0.38	$0.62
Adjusted Weighted Average Diluted Shares Outstanding	45.35M	42.74M	53.82M	54.59M	54.56M	54.81M	59.72M	66.95M	76.37M	71.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.35M	53.84M	54.11M	54.20M	56.65M	58.54M	64.16M	74.71M	79.30M	90.47M
Normalized Net Operating Profit after Tax (NOPAT)	16	7.53	-69	38	95	-168	77	24	-113	192
Normalized NOPAT Margin	48.26%	40.37%	0.00%	61.75%	66.19%	0.00%	63.71%	58.47%	0.00%	67.82%
Pre Tax Income Margin	-142.87%	232.02%	0.00%	89.01%	-29.92%	0.00%	33.15%	-20.60%	0.00%	18.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.70	0.44	-3.16	1.19	2.08	-3.26	1.47	0.45	-1.96	3.36
NOPAT to Interest Expense	1.19	0.44	-2.21	1.19	1.45	-3.26	1.47	0.32	-1.96	3.36
EBIT Less CapEx to Interest Expense	1.70	0.44	-3.16	1.19	2.08	-3.26	1.47	0.45	-1.96	3.36
NOPAT Less CapEx to Interest Expense	1.19	0.44	-2.21	1.19	1.45	-3.26	1.47	0.32	-1.96	3.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.82%	50.55%	-501.53%	927.54%	695.14%	-1,517.80%	125.49%	757.04%	122.93%	103.46%
Augmented Payout Ratio	59.82%	50.55%	-501.53%	927.54%	695.14%	-1,517.80%	125.49%	757.04%	122.93%	103.46%

Frequently Asked Questions About Dynex Capital's Financials

When does Dynex Capital's financial year end?

According to the most recent income statement we have on file, Dynex Capital's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Dynex Capital's net income changed over the last 10 years?

Dynex Capital's net income appears to be on an upward trend, with a most recent value of $113.90 million in 2024, rising from $27.81 million in 2014. The previous period was -$6.13 million in 2023.

How has Dynex Capital revenue changed over the last 10 years?

Over the last 10 years, Dynex Capital's total revenue changed from $42.77 million in 2014 to $290.84 million in 2024, a change of 580.1%.

How much debt does Dynex Capital have?

Dynex Capital's total liabilities were at $7.00 billion at the end of 2024, a 27.3% increase from 2023, and a 127.2% increase since 2014.

How much cash does Dynex Capital have?

In the past 10 years, Dynex Capital's cash and equivalents has ranged from $33.94 million in 2015 to $377.10 million in 2024, and is currently $377.10 million as of their latest financial filing in 2024.

How has Dynex Capital's book value per share changed over the last 10 years?

Over the last 10 years, Dynex Capital's book value per share changed from 9.09 in 2014 to 13.58 in 2024, a change of 49.4%.

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This page (NYSE:DX) was last updated on 4/16/2025 by MarketBeat.com Staff

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Dynex Capital (DX) Financials

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Dynex Capital (DX) Financials

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