Shareholder returns
- Dividends have been paid for 15 consecutive years, consuming 77288.0% of earnings.
- The dividend has grown 36.3% per year over the past 5 years.
DX Financials Dynex Capital Inc
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $319065 | — | — | 0.0% | 0.0% | — | — | $531M |
| 2024 | — | $114M | — | — | 9.6% | 1.4% | — | — | $377M |
| 2023 | — | -$6M | — | — | -0.7% | -0.1% | — | — | $120M |
| 2022 | — | $143M | — | — | 15.9% | 4.0% | — | — | $332M |
| 2021 | — | $102M | — | — | 13.3% | 2.8% | — | — | $366M |
| 2020 | — | $178M | — | — | 28.0% | 5.7% | — | — | $296M |
| 2019 | — | -$153M | — | — | -26.2% | -2.8% | — | — | $63M |
| 2018 | — | $7M | — | — | 1.3% | 0.2% | — | — | $35M |
| 2017 | — | $34M | — | — | 6.1% | 1.0% | — | — | $41M |
| 2016 | — | $43M | — | — | 9.2% | 1.3% | — | $6M | $74M |
| 2015 | — | $17M | — | — | 3.4% | 0.5% | — | $8M | $34M |
| 2014 | — | $28M | — | — | 4.6% | 0.8% | — | $11M | $44M |
| 2013 | — | $68M | — | — | 11.6% | 1.6% | — | $13M | $69M |
| 2012 | — | $74M | — | — | 12.0% | 1.7% | — | $31M | $56M |
| 2011 | — | $40M | — | — | 10.7% | 1.5% | — | $71M | $49M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $181M | — | — | 5.7% | 0.7% | — | — | $608M |
| Mar '26 | — | -$80M | — | — | -3.0% | -0.3% | — | — | $773M |
| Dec '25 | — | $185M | — | — | 7.5% | 1.1% | — | — | $531M |
| Sep '25 | — | $150M | — | — | 7.7% | 1.1% | — | — | $491M |
| Jun '25 | — | -$14M | — | — | -0.8% | -0.1% | — | — | $388M |
| Mar '25 | — | -$3M | — | — | -0.2% | -0.0% | — | — | $327M |
| Dec '24 | — | $51M | — | — | 4.3% | 0.6% | — | — | $377M |
| Sep '24 | — | $31M | — | — | 2.7% | 0.4% | — | — | $268M |
| Jun '24 | — | -$8M | — | — | -0.8% | -0.1% | — | — | $286M |
| Mar '24 | — | $40M | — | — | 4.2% | 0.6% | — | — | $296M |
| Dec '23 | — | $24M | — | — | 2.8% | 0.4% | — | — | $120M |
| Sep '23 | — | -$43M | — | — | -5.4% | -0.7% | — | — | $271M |
| Jun '23 | — | $54M | — | — | 6.2% | 1.0% | — | — | $300M |
| Mar '23 | — | -$42M | — | — | -4.9% | -1.1% | — | — | $279M |
| Dec '22 | — | $43M | — | — | 4.8% | 1.2% | — | — | $332M |
| Sep '22 | — | -$47M | — | — | -6.1% | -1.2% | — | — | $260M |
| Jun '22 | — | $29M | — | — | 3.5% | 0.9% | — | — | $326M |
| Mar '22 | — | $117M | — | — | 14.9% | 3.0% | — | — | $457M |
| Dec '21 | — | $14M | — | — | 1.8% | 0.4% | — | — | $366M |
| Sep '21 | — | $14M | — | — | 1.8% | 0.4% | — | — | $383M |
Valuation over time
How the market has priced DX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 20.9× (Mar '23) to 9957.2× (Sep '26).
- The dividend yield has risen from 2.4% (Mar '23) to 7.8% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is DX growing its revenue and profit?
See the revenue and net-income charts above for Dynex Capital Inc's multi-year trend.
How much debt does DX have?
As of FY2025, Dynex Capital Inc reported — of total debt against $531M of cash.
What is DX's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is DX's P/E ratio?
As of Sep '26, Dynex Capital Inc traded at a price-to-earnings ratio of about 9957.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.