Shareholder returns
- Dividends have been paid for 15 consecutive years, consuming 91.7% of earnings.
- The dividend has grown 5.0% per year over the past 5 years.
NLY Financials Annaly Capital Management 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 | — | $2.1B | — | — | 12.8% | 1.5% | — | — | $2.0B |
| 2024 | — | $1.0B | — | — | 8.0% | 1.0% | — | — | $1.5B |
| 2023 | — | -$1.6B | — | — | -14.6% | -1.8% | — | — | $1.4B |
| 2022 | — | $1.7B | — | — | 15.3% | 2.1% | — | — | $1.6B |
| 2021 | — | $2.4B | — | — | 18.2% | 3.1% | — | — | $1.3B |
| 2020 | — | -$891M | — | — | -6.4% | -1.0% | — | $430M | $1.2B |
| 2019 | — | -$2.2B | — | — | -13.7% | -1.7% | — | $491M | $1.9B |
| 2018 | — | $54M | — | — | 0.4% | 0.1% | — | — | $1.7B |
| 2017 | — | $1.6B | — | — | 10.6% | 1.5% | — | $313M | $707M |
| 2016 | — | $1.4B | — | — | 11.4% | 1.6% | — | $315M | $1.5B |
| 2015 | — | $467M | — | — | 3.9% | 0.6% | — | $338M | $1.8B |
| 2014 | — | -$842M | — | — | -6.3% | -1.0% | — | — | — |
| 2013 | — | $3.7B | — | — | 30.1% | 4.6% | — | — | — |
| 2012 | — | $1.7B | — | — | 10.9% | 1.3% | — | — | — |
| 2011 | — | $344M | — | — | 2.2% | 0.3% | — | — | — |
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 | — | $823M | — | — | 4.9% | 0.6% | — | — | $2.9B |
| Mar '26 | — | $283M | — | — | 1.7% | 0.2% | — | — | $1.9B |
| Dec '25 | — | $1.0B | — | — | 6.3% | 0.7% | — | — | $2.0B |
| Sep '25 | — | $832M | — | — | 5.6% | 0.7% | — | — | $2.1B |
| Jun '25 | — | $57M | — | — | 0.4% | 0.1% | — | — | $2.1B |
| Mar '25 | — | $124M | — | — | 1.0% | 0.1% | — | — | $1.8B |
| Dec '24 | — | $482M | — | — | 3.8% | 0.5% | — | — | $1.5B |
| Sep '24 | — | $66M | — | — | 0.5% | 0.1% | — | — | $1.6B |
| Jun '24 | — | -$9M | — | — | -0.1% | -0.0% | — | — | $1.6B |
| Mar '24 | — | $463M | — | — | 4.1% | 0.5% | — | — | $1.7B |
| Dec '23 | — | -$404M | — | — | -3.6% | -0.4% | — | — | $1.4B |
| Sep '23 | — | -$562M | — | — | -5.3% | -0.6% | — | — | $1.2B |
| Jun '23 | — | $167M | — | — | 1.4% | 0.2% | — | — | $1.2B |
| Mar '23 | — | -$844M | — | — | -7.2% | -1.0% | — | — | $1.8B |
| Dec '22 | — | -$888M | — | — | -7.9% | -1.1% | — | — | $1.6B |
| Sep '22 | — | -$275M | — | — | -2.5% | -0.3% | — | — | $1.5B |
| Jun '22 | — | $867M | — | — | 7.9% | 1.2% | — | — | $854M |
| Mar '22 | — | $2.0B | — | — | 17.7% | 2.7% | — | — | $956M |
| Dec '21 | — | $415M | — | — | 3.2% | 0.5% | — | — | $1.3B |
| Sep '21 | — | $519M | — | — | 3.8% | 0.7% | — | — | $1.0B |
Valuation over time
How the market has priced NLY 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 8.4× (Mar '23) to 8.4× (Sep '26).
- The dividend yield has risen from 10.5% (Mar '23) to 10.9% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is NLY growing its revenue and profit?
See the revenue and net-income charts above for Annaly Capital Management Inc's multi-year trend.
How much debt does NLY have?
As of FY2025, Annaly Capital Management Inc reported — of total debt against $2.0B of cash.
What is NLY's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is NLY's P/E ratio?
As of Sep '26, Annaly Capital Management Inc traded at a price-to-earnings ratio of about 8.4× (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.