Dynex Capital, Inc. (DX) Earnings History
Annual and quarterly earnings data from 1990 to 2025
Loading earnings history...
DX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
DX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 100.0% | 175.6% | 75.9% |
| 2024 | 100.0% | 77.0% | 75.7% |
| 2023 | 100.0% | -14.9% | -22.9% |
| 2022 | 100.0% | 81.7% | 80.9% |
| 2021 | 100.0% | 81.1% | 80.1% |
Download Data
Export DX earnings history in CSV or JSON format
Free sign-in required to download data
Dynex Capital, Inc. (DX) Earnings Overview
As of May 6, 2026, Dynex Capital, Inc. (DX) reported trailing twelve-month net income of $319M, reflecting +65.8% year-over-year growth. The company earned $2.03 per diluted share over the past four quarters, with a net profit margin of 75.9%.
Looking at the long-term picture, DX's 5-year EPS compound annual growth rate (CAGR) stands at -18.6%, signaling declining earnings. The company achieved its highest annual net income of $319M in fiscal 2025, representing a new all-time high.
Dynex Capital, Inc. maintains industry-leading profitability with a gross margin of 100.0%, operating margin of 175.6%, and net margin of 75.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AGNC ($838M net income, 17.7% margin), NLY ($2.03B net income, 30.3% margin), TWO (-$343M net income, -75.0% margin), DX has outperformed on profitability metrics. Compare DX vs AGNC →
DX Earnings vs Peers
Earnings metrics vs comparable public companies
DX Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $319M | +180.1% | $738M | $2.47 | 75.9% | 175.6% |
| 2024 | $114M | +1958.0% | $116M | $1.49 | 75.7% | 77.0% |
| 2023 | -$6M | -104.3% | -$4M | $-0.25 | -22.9% | -14.9% |
| 2022 | $143M | +40.0% | $145M | $3.17 | 80.9% | 81.7% |
| 2021 | $102M | -42.4% | $104M | $2.78 | 80.1% | 81.1% |
| 2020 | $178M | +216.3% | $179M | $6.93 | 88.9% | 89.4% |
| 2019 | -$153M | -2273.8% | -$153M | $-7.01 | - | - |
| 2018 | $7M | -79.3% | $9M | $-0.24 | 29.6% | 36.3% |
| 2017 | $34M | -21.4% | $34M | $1.38 | 67.9% | 68.3% |
| 2016 | $43M | +160.5% | $42M | $2.07 | 75.7% | 74.2% |
See DX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs DX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare DX vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonDX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
Is DX growing earnings?
DX EPS is $2.03, with earnings growth accelerating to +65.8%. This exceeds the 5-year CAGR of -18.6%. TTM net income reached $319M.
What are DX's profit margins?
Dynex Capital, Inc. net margin is +75.9%, with operating margin at +175.6%. Above-average margins indicate pricing power.
How consistent are DX's earnings?
DX earnings data spans 1990-2025. The accelerating earnings trend is +65.8% YoY. Historical data enables comparison across business cycles.