Dynex Capital Inc.
DX | NYSE
$10.65
-$0.23 (-2.16%)
At close: Oct 30, 2026, 4:00 PM ET
$10.69
+$0.04 (+0.35%)
Pre-market:
Nov 2, 2026, 8:29 AM ET
Market Data
Market Cap $2.64B
Enterprise Value $25.84B
Beta 0.97
Average Volume 6.33M
Shares Outstanding (Diluted) 251.84M
Shares Change YoY 83.92%
Institutional Ownership 56.71%
Exchange NYSE
ISIN US26817Q8868
Price Performance
Price Change 1M -4.4%
Price Change 3M -16.2%
Price Change 6M -21.5%
Price Change YTD -24.0%
Price Change 1Y -19.6%
Price Change 3Y 6.1%
Price Change 5Y -39.1%
1M CAGR (ann.) -10.0%
1Y CAGR (ann.) -6.5%
5Y CAGR (ann.) 3.1%
All-Time CAGR 6.1%
Valuation
PE Ratio 50.71
Forward PE 12.10
PEG Ratio -0.57
Forward PEG 1.31
PS Ratio 2.47
Forward PS 5.00
PB Ratio 0.87
P/FCF Ratio 11.17
P/Adj. FCF Ratio 12.07
P/OCF Ratio 10.76
EV/Sales 24.16
EV/EBIT 44.31
EV/EBITDA 43.73
EV/FCF 109.23
Earnings Yield 2.0%
FCF Yield 8.9%
Adj. FCF Yield 8.3%
Financial Health
Net Debt $23.2B
Total Debt $24.19B
Cash & Short-Term Investments $993.01M
Total Assets $27.93B
Current Ratio 0.04
Quick Ratio 0.04
Debt / Equity Ratio 7.93
Debt / EBITDA 40.94
Debt / FCF 102.25
OCF / Debt 0.01
Interest Coverage 0.96
Altman Z-Score -0.90
Piotroski F-Score 5
Margins & Profitability
Gross Profit Margin 58.9%
Operating Profit Margin 67.5%
EBITDA Margin 55.2%
Net Profit Margin -4.7%
FCF Margin 22.1%
Adj. FCF Margin 20.5%
SBC / Revenue 1.2%
SBC Impact (per share) -7.4%
Returns
Return on Assets -0.2%
Return on Equity -1.7%
Return on Invested Capital 2.6%
Return on Capital Employed 23.7%
Return on Tangible Assets -0.2%
Historical Growth (CAGR)
Revenue CAGR 3Y 126.2%
Revenue CAGR 5Y 60.8%
Revenue CAGR 10Y 46.6%
EPS CAGR 3Y -8.0%
EPS CAGR 5Y -46.3%
EPS CAGR 10Y -5.8%
FCF CAGR 3Y 37.6%
FCF CAGR 5Y 8.4%
FCF CAGR 10Y 1.0%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 4
EPS Growth Next 3Y N/A
Revenue Growth Next 3Y N/A
Earnings Date Jan 25, 2027
EPS Estimate (next Q) $0.39
EPS Growth Est (next Q) 75.5%
Revenue Est (next Q) $118.03M
Revenue Growth Est (next Q) 171.4%
Fair Value Estimates
Graham Number $7.57
Graham Upside -28.9%
Lynch Fair Value $1.05
Lynch Upside -90.1%
Price Target $12.00
Price Target Upside 12.7%
Cash Flow
Operating Cash Flow $236.58M
Free Cash Flow $236.58M
Adj. Free Cash Flow $219.03M
FCF Per Share $0.99
OCF Per Share $0.99
OCF/S Ratio 23.3%
Income Statement
Revenue $1.07B
Gross Profit $629.77M
Operating Income $722.36M
EBITDA $590.86M
Net Income $-49.75M
EPS (Diluted) $0.21
Revenue / Employee $38.2M
Profit / Employee $-1.78M
Employees 28
Dividends
Annual Dividend $2.04
Dividend Yield 19.15%
Payout Ratio 971.4%
FCF Payout Ratio 154.0%
Adj. FCF Payout Ratio 166.3%
Dividend Growth (YoY) 4.1%
Pay Frequency Monthly
Ex-Dividend Date Oct 22, 2026
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