NLY

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Annaly Capital Management Inc.

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Key Metrics

Previous Close: $18.70
52-Week Range: $18.37 – $24.52
Market Cap: $13.94B
P/E (TTM): 4.47
EPS (TTM): 4.14
Dividend Yield: 16.22%

Advanced Metrics

Price/Book: 0.92
PEG Ratio: 32.03
Return on Equity: 19.57%
Return on Assets: 2.33%
Gross Margin: 97.97%
Operating Margin: 91.65%
Profit Margin: 90.68%
Current Ratio: 0.56
Debt/Equity: 7.38
Total Debt: $125.22B
Free Cash Flow: —
Revenue Growth: 479.40%
Earnings Growth: 3426.00%
Enterprise Value: $140.54B

NLY Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.95B	-$1.44B	$1.20B	$2.24B
Selling, General & Admin	$162.73M	$162.55M	$171.36M	$199.63M
Pretax Income	$1.77B	-$1.60B	$1.03B	$2.04B
Income Tax	$45.57M	$39.43M	$15.26M	-$6.87M
Net Income	$1.73B	-$1.64B	$1.00B	$2.03B
Diluted EPS	3.92	-3.61	1.62	2.92
Diluted Shares	411.62M	494.54M	522.75M	641.04M

NLY Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$152.55M	$275.85M	$285.15M	$354.78M
Receivables	$1.21B	$3.93B	$3.27B	$927.69M
Total Assets	$81.85B	$93.23B	$103.56B	$135.61B
Long-Term Debt	$8.55B	$12.70B	$20.70B	$30.85B
Total Debt	$8.80B	$13.20B	$21.45B	$31.93B
Total Liabilities	$70.48B	$81.88B	$90.86B	$119.45B
Retained Earnings	-$9.54B	-$12.62B	-$13.17B	-$13.16B
Shareholders' Equity	$11.27B	$11.26B	$12.61B	$16.09B
Net Debt	$8.64B	$12.93B	$21.16B	$31.57B

NLY Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$5.37B	$2.37B	$3.31B	$692.91M
Capital Expenditure	-$1.01B	-$396.81M	-$863.12M	-$915.07M
Free Cash Flow	$4.36B	$1.97B	$2.45B	-$222.16M
Depreciation & Amortisation	$20.51M	$24.81M	$30.36M	$34.04M
Investing Cash Flow	-$14.53B	-$8.42B	-$14.98B	-$27.36B
Financing Cash Flow	$9.39B	$5.88B	$11.75B	$27.22B
Dividends Paid	-$1.52B	-$1.52B	-$1.49B	-$1.88B
Share Repurchases	$0.00	—	—	—
Net Change in Cash	$234.62M	-$164.57M	$75.88M	$549.81M

NLY Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$110.83M	$885.58M	$1.06B	$332.24M	$892.86M
Selling, General & Admin	$50.02M	$50.34M	$51.21M	$52.56M	$58.19M
Pretax Income	$60.81M	$835.24M	$1.01B	$289.00M	$834.67M
Income Tax	$440.00K	-$7.82M	-$7.75M	-$1.52M	$6.90M
Net Income	$57.10M	$832.45M	$1.01B	$282.65M	$822.67M
Diluted EPS	0.03	1.20	1.40	0.33	1.06
Diluted Shares	621.10M	657.86M	695.03M	724.36M	740.26M

NLY Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$267.08M	$320.35M	$354.78M	$366.67M	$365.53M
Receivables	$1.97B	$1.15B	$927.69M	$1.70B	$951.27M
Total Assets	$112.14B	$125.86B	$135.61B	$138.54B	$143.74B
Long-Term Debt	$25.66B	$28.43B	$30.85B	$33.20B	$36.92B
Total Debt	$26.69B	$29.46B	$31.93B	$34.33B	$38.04B
Total Liabilities	$98.67B	$110.86B	$119.45B	$122.21B	$126.76B
Retained Earnings	-$13.94B	-$13.63B	-$13.16B	-$13.43B	-$13.21B
Shareholders' Equity	$13.38B	$14.91B	$16.09B	$16.27B	$16.93B
Net Debt	$26.42B	$29.14B	$31.57B	$33.96B	$37.68B

NLY Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$180.74M	$24.09M	$644.34M	-$1.40B	$1.62B
Capital Expenditure	-$38.82M	-$316.29M	-$172.81M	-$500.87M	-$210.91M
Free Cash Flow	$141.92M	-$292.20M	$471.53M	-$1.90B	$1.41B
Depreciation & Amortisation	$9.08M	$7.79M	$7.95M	$9.62M	$10.18M
Investing Cash Flow	-$7.31B	-$11.82B	-$9.89B	-$4.40B	-$6.22B
Financing Cash Flow	$7.36B	$11.83B	$9.19B	$5.67B	$5.60B
Dividends Paid	-$458.99M	-$487.08M	-$522.95M	-$535.70M	-$552.38M
Net Change in Cash	$225.32M	$37.85M	-$58.86M	-$125.39M	$999.64M

Market Snapshot

About

Annaly Capital Management Inc. is one of the largest mortgage real estate investment trusts (mREITs) in the United States. The company invests primarily in agency mortgage-backed securities, leveraging its portfolio to generate attractive risk-adjusted returns for shareholders through dividend income.