Annaly Capital Management, Inc.

Annaly Capital Management, Inc.

NLY
Annaly Capital Management, Inc.US flagNew York Stock Exchange
21.17
USD
-0.13
- -
15.51BMarket Cap
Annaly Capital Management, Inc.
NLY
(New York Stock Exchange)

Recent

price

21.17

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.01
2.93
8.92
16.88
-2.6
3.1
6.45
6.32
0.91
-5.55
-1.55
7.62
4.75
-2.91
2.3
3.51
3.55
Revenue per Share
8.5
1.5
6.97
15.44
-3.86
1.67
5.57
5.48
-0.25
-6.41
-2.92
6.4
3.93
-3.61
1.62
2.92
3.01
Basic EPS, GAAP
73.87
11.06
31.41
-54.44
25.87
-15.39
5.8
6.08
8.67
-3.34
1.49
7.11
10.59
3.98
4.69
-0.35
-2.35
Free Cash Flow per Basic Share
10.88
9.34
8.84
6.93
5.1
5.11
5.04
5.08
5.1
4.71
4.17
3.81
3.69
3.07
2.86
2.94
2.98
Dividend per Share
-4.43
-11.41
-11.44
-2.22
-10.87
-14
-12.89
-11.07
-14.82
-23.12
-30.12
-27.04
-23.19
-25.51
-25.24
-20.56
-19.94
Book Value per Share
65.53
71.06
61.46
48.12
51.87
45.96
43.79
46.81
38.63
37.2
34.66
30.88
21.28
19.12
20.51
22.23
20.62
Tangible Book Value per Share
147
219
243
237
237
237
242
266
302
359
354
357
411
495
522
640
673
Basic Weighted Avg Shares
1,472
640
2,169
3,997
-615
734
1,565
1,684
275
-1,992
-548
2,720
1,954
-1,437
1,198
2,244
2,390
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2
2
4
3
5
20
42
28
72
32
41
25
21
25
30
34
34
Depreciation Expense
1,267
344
1,736
3,730
-842
467
1,434
1,570
54
-2,163
-891
2,390
1,725
-1,643
1,002
2,027
2,186
Net Income, GAAP
2.73
14.68
2.03
0.22
- -
- -
- -
0.44
- -
- -
- -
0.19
2.57
- -
1.49
- -
0.72
Effective Tax Rate (%)
86.11
53.86
80.03
93.31
136.9
63.55
91.62
93.19
19.77
108.57
162.5
87.85
88.28
114.37
83.6
90.32
91.45
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
600
540
826
859
1,266
4,734
7,865
7,119
8,041
10,564
7,036
6,205
8,545
12,704
20,695
30,851
33,203
LT Debt
9,865
15,761
15,924
12,405
13,334
11,906
12,576
14,872
14,118
15,796
14,022
13,195
11,369
11,345
12,697
16,160
16,326
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,025
1,075
1,125
LT Borrowings
28,433
30,851
33,203
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
1,802
1,802
1,802
Shares Outstanding
681
707
730
Market Capitalization
12,292
14,292
14,235

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
320
8,833
367
Accounts Receivable, Net
959
927
806
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
3,366
2,935
2,382
ST Debt
1,025
1,075
1,125
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.87%
3.85%
27.27%
Free Cash Flow
-3.85%
62.57%
-109.08%
Net Income, GAAP
-466.37%
-129.97%
102.34%
Sales/Revenue/Turnover
-175.31%
-178.77%
87.29%
Total Cash Common Dividend
4.89%
6.03%
28.76%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
479
48
120
527
1,198
2025
179
111
886
1,061
2,244
2026
332
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
-0.09
0.05
0.78
1.62
2025
0.15
0.03
1.21
1.4
2.92
2026
0.33
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.72
0.71
0.71
2.86
2025
0.7
0.74
0.74
0.75
2.94
2026
0.74
- -
- -
- -
- -
Business
Annaly Capital Management, Inc. (NLY) is a diversified capital manager and mortgage real estate investment trust that invests in and finances residential and commercial assets, primarily through agency mortgage-backed securities, residential credit investments, and mortgage servicing rights; its reportable operating segments include the Agency segment investing in agency mortgage-backed securities collateralized by residential mortgages, the Residential Credit segment focusing on non-agency residential whole loans and securitized products in residential and commercial markets, the Mortgage Servicing Rights (MSR) segment, and Corporate & Other, with the Agency segment generating maximum revenue. Founded in 1997 and headquartered at 1211 Avenue of the Americas in New York, NY, the company operates principally in the United States, leveraging repurchase agreements and other short-term borrowings to amplify returns from its portfolio, which as of Q3 2025 totals approximately $87 billion in agency assets, $6.9 billion in residential credit, and $3.5 billion in MSR market value. Recent developments include raising $1.1 billion through equity initiatives and at-the-market offerings in 2025, expanding its Onslow Bay securitization platform with eight Q3 transactions totaling $3.9 billion and year-to-date issuance of $12.4 billion positioning it as the largest non-bank issuer in residential credit, new partnerships such as with PennyMac Financial Services for a $12 billion low note rate MSR purchase and subservicing, and additional MSR acquisitions including $17 billion in unpaid principal balance across bulk packages.

Company News

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