Last 48 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 4.75 | 4.10 | — | 3.02 | 2.84 | — | — | 5.10 | 8.39 | — | 4.72 | 8.03 | — | 3.18 | — | 3.74 | — | 5.77 | 1.30 | 12.66 | 12.34 |
| — | — | — | -40.8% | -66.1% | — | — | -36.4% | — | — | — | +114.5% | — | -44.9% | — | -70.4% | — | — | +15.6% | +355.2% | +425.8% | |
| P/S Ratio | 3.33 | 2.42 | 2.48 | 3.11 | 2.81 | 3.09 | 3.10 | 2.92 | 2.92 | 2.68 | 2.60 | 2.52 | 2.57 | — | 21.66 | 4.98 | — | — | 0.63 | 9.00 | 9.65 |
| — | -21.8% | -20.0% | +6.5% | -3.7% | +15.4% | +19.2% | +15.9% | +13.4% | — | -88.0% | -49.4% | — | — | +3323.8% | -44.6% | — | — | -90.7% | +334.0% | +436.2% | |
| P/B Ratio | 0.60 | 0.92 | 0.94 | 0.89 | 0.86 | 0.86 | 0.84 | 0.87 | 0.85 | 0.76 | 0.78 | 0.82 | 0.81 | 0.78 | 0.76 | 0.69 | 0.68 | 0.75 | 0.77 | 0.80 | 0.78 |
| — | +7.5% | +11.2% | +2.6% | +0.8% | +12.3% | +8.8% | +5.9% | +5.3% | -2.0% | +1.6% | +20.3% | +18.2% | +4.3% | -0.3% | -13.9% | -12.6% | -5.3% | +10.4% | +21.7% | +34.4% | |
| P/FCF | 14.71 | 8.71 | 9.14 | 38.50 | 6.16 | 10.85 | 46.29 | 17.06 | — | 10.74 | — | 10.82 | 15.66 | 5.46 | 43.64 | 5.13 | 5.17 | 4.35 | 4.35 | 4.01 | 3.71 |
| — | -19.7% | -80.3% | +125.6% | — | +1.0% | — | +57.7% | — | +96.9% | — | +110.9% | +202.7% | +25.4% | +903.2% | +27.9% | +39.5% | +9.9% | +3.6% | +70.4% | +96.0% | |
| EV / EBITDA | 19.94 | 80.47 | 23.44 | 11.88 | 11.70 | 3.30 | 2.82 | 13.59 | 1.55 | 1.92 | 0.97 | 1.52 | 58.43 | 11.52 | — | 10.73 | — | 18.34 | 6.48 | 48.15 | 42.79 |
| — | +2342.1% | +730.5% | -12.6% | +655.2% | +71.8% | +190.8% | +794.5% | -97.3% | -83.3% | — | -85.8% | — | -37.2% | — | -77.7% | — | — | +2311.7% | +6932.8% | +155.2% | |
| EV / EBIT | 19.99 | 80.47 | 58.36 | 11.90 | 11.72 | 3.32 | 2.84 | 13.64 | 1.55 | 1.93 | 0.97 | 1.53 | 59.85 | 11.59 | — | 10.83 | — | 18.65 | 6.51 | 49.96 | 44.52 |
| — | +2325.4% | +1953.9% | -12.8% | +653.9% | +71.8% | +191.5% | +792.6% | -97.4% | -83.3% | — | -85.9% | — | -37.9% | — | -78.3% | — | — | +2311.1% | +7102.3% | +184.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 31.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -69.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 138.4% | 25.6% | 92.0% | 180.1% | 180.0% | 67.1% | 78.7% | 149.9% | 136.1% | 89.2% | 160.6% | 137.3% | 35.5% | -1059.5% | -138.3% | 218.2% | 66.0% | -47.5% | 50.1% | 90.9% | 97.7% |
| — | -61.8% | +16.9% | +20.1% | +32.3% | -24.7% | -51.0% | +9.2% | +282.9% | +108.4% | +216.1% | -37.1% | -46.2% | -2132.1% | -376.2% | +140.1% | -32.4% | +82.8% | -92.2% | +6.2% | +17.3% | |
| Net Margin | 59.8% | 59.7% | -31.2% | 104.7% | 100.5% | -12.2% | -3.2% | 57.7% | 37.1% | -11.1% | 56.1% | 34.1% | -68.0% | -578.7% | -554.0% | 139.7% | 92.3% | -41.4% | 49.3% | 82.4% | 89.3% |
| — | +590.5% | -864.9% | +81.4% | +170.5% | -9.3% | -105.8% | +69.1% | +154.6% | +98.1% | +110.1% | -75.6% | -173.7% | -1296.3% | -1223.2% | +69.5% | +3.4% | +85.4% | -92.2% | +1.8% | +7.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 6.1% | -3.1% | 8.4% | 8.4% | -0.9% | -0.2% | 4.4% | 2.8% | -0.8% | 4.4% | 2.9% | -5.1% | 6.3% | -4.8% | 5.2% | -5.8% | 3.6% | 15.1% | 1.8% | 1.8% |
| — | +777.4% | -1200.6% | +91.1% | +197.5% | -9.2% | -105.4% | +51.3% | +155.5% | -113.2% | +192.3% | -43.9% | +11.7% | +73.7% | -131.6% | +184.4% | -415.2% | +161.2% | -12.9% | -72.2% | -73.6% | |
| ROA | 2.5% | 0.7% | -0.4% | 1.2% | 1.2% | -0.1% | -0.0% | 0.6% | 0.4% | -0.1% | 0.6% | 0.4% | -0.7% | 1.2% | -1.1% | 1.1% | -1.3% | 0.8% | 3.1% | 0.4% | 0.4% |
| — | +632.8% | -980.1% | +84.3% | +176.2% | -4.5% | -105.6% | +63.0% | +157.4% | -111.1% | +156.7% | -65.4% | +42.2% | +39.0% | -135.7% | +181.3% | -413.1% | +160.6% | -20.5% | -68.7% | -64.1% | |
| ROIC | 4.8% | 0.2% | 0.9% | 1.7% | 2.9% | 4.9% | 1.3% | 2.4% | 10.4% | 7.0% | 12.2% | 2.3% | 0.3% | 2.8% | -0.4% | 1.5% | -0.8% | 0.8% | 2.7% | 0.4% | 0.4% |
| — | -95.1% | -30.3% | -29.9% | -72.6% | -29.9% | -89.1% | +3.2% | +3098.0% | +152.9% | +3055.5% | +54.9% | +140.6% | +230.1% | -115.1% | +298.7% | -293.2% | +139.5% | -89.5% | -80.2% | -54.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.65 | 7.13 | 7.73 | 5.65 | 6.01 | — | — | 5.56 | — | — | — | — | 6.22 | 4.80 | — | 2.93 | 3.90 | 2.61 | 3.76 | 3.70 | 3.27 |
| — | — | — | +1.7% | — | — | — | — | — | — | — | — | +59.4% | +83.4% | — | -20.6% | +19.4% | -14.9% | +2472597.4% | +2111358.3% | -24.0% | |
| Debt / EBITDA | 18.79 | 291.93 | 86.46 | 43.55 | 43.60 | — | — | 49.44 | — | — | — | — | 217.22 | 42.22 | — | 38.74 | — | 64.47 | 24.70 | 177.20 | 158.21 |
| — | — | — | -11.9% | — | — | — | — | — | — | — | — | — | -34.5% | — | -78.1% | — | — | +2673588.9% | +6910996.8% | +151.1% | |
| Current Ratio | — | 0.03 | 0.06 | — | — | — | — | 0.10 | — | — | — | — | — | 0.11 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | — | 0.03 | 0.06 | — | — | — | — | 0.10 | — | — | — | — | — | 0.11 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 1.76 | 0.37 | 0.55 | 2.39 | 2.26 | 0.85 | 0.96 | 1.63 | 1.38 | 0.89 | 1.54 | 1.33 | 0.34 | 2.20 | -0.33 | 2.78 | -2.51 | 7.88 | 68.05 | 10.74 | 11.63 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying DX stock.
Dynex Capital, Inc.'s current P/E is 4.7x. The average P/E over the last 3 quarters is 3.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Dynex Capital, Inc.'s current operating margin is 138.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Dynex Capital, Inc.'s business trajectory between earnings reports.