Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Dynex Capital, Inc.'s quarterly P/E stands at 3.0x, down 42.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 66.1% YoY to 11.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.39 | 3.02 | 2.84 | — | — | 5.27 | 8.39 | — | 4.86 | 8.03 | — | 3.28 | — |
| — | -42.7% | -66.1% | — | — | -34.3% | — | — | — | +114.5% | — | -43.2% | — | |
| P/S Ratio | 6.32 | 2.20 | 2.59 | — | 32.58 | 4.28 | 6.14 | — | 3.61 | 5.42 | — | 2.77 | — |
| — | -48.7% | -57.8% | — | +801.2% | -20.9% | — | — | — | +81.2% | — | -35.1% | — | |
| P/B Ratio | 0.68 | 0.89 | 0.86 | 0.86 | 0.84 | 0.87 | 0.85 | 0.76 | 0.78 | 0.82 | 0.81 | 0.78 | 0.76 |
| — | +2.6% | +0.8% | +12.3% | +8.8% | +5.9% | +5.3% | -2.0% | +1.6% | +20.3% | +18.2% | +4.3% | -0.3% | |
| P/FCF | — | — | 6.16 | 10.85 | 46.29 | 17.06 | — | 10.74 | — | 10.82 | 15.66 | 5.46 | 43.64 |
| — | — | — | +1.0% | — | +57.7% | — | +96.9% | — | +110.9% | +202.7% | +25.4% | +903.2% | |
| EV / EBITDA | 21.19 | 11.90 | 11.72 | — | — | 35.14 | 5.62 | — | 2.76 | 6.03 | — | 21.05 | — |
| — | -66.1% | +108.7% | — | — | +482.9% | — | — | — | -64.0% | — | -0.5% | — | |
| EV / EBIT | 21.19 | 11.90 | 11.72 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Dynex Capital, Inc.'s operating margin was 127.1% in Q4 2025, up 34.2 pp QoQ and up 41.7 pp YoY. The trailing four-quarter average of 299.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 99.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 175.6% | 127.1% | 92.9% | 1007.3% | -30.1% | 85.4% | 79.2% | 726.0% | 78.8% | 74.9% | 122.8% | 88.4% | 121.7% |
| — | +48.9% | +17.4% | +38.7% | -138.2% | +14.1% | -35.5% | +721.4% | -35.2% | -11.6% | -4.2% | +9.9% | +29.1% | |
| Net Margin | 75.9% | 73.9% | 92.6% | 1036.3% | -34.0% | 84.7% | 78.1% | 782.7% | 78.0% | 73.4% | 125.1% | 87.7% | 123.0% |
| — | -12.7% | +18.6% | +32.4% | -143.6% | +15.4% | -37.6% | +792.6% | -36.6% | -12.5% | -3.2% | +10.1% | +30.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 8.4% | 8.4% | -0.9% | -0.2% | 4.4% | 2.8% | -0.8% | 4.4% | 2.9% | -5.1% | 6.3% | -4.8% |
| — | +91.1% | +197.5% | -9.2% | -105.4% | +51.3% | +155.5% | -113.2% | +192.3% | -43.9% | +11.7% | +73.7% | -131.6% | |
| ROA | 2.5% | 1.2% | 1.2% | -0.1% | -0.0% | 0.6% | 0.4% | -0.1% | 0.6% | 0.4% | -0.7% | 1.2% | -1.1% |
| — | +84.3% | +176.2% | -4.5% | -105.6% | +63.0% | +157.4% | -111.1% | +156.7% | -65.4% | +42.2% | +39.0% | -135.7% | |
| ROIC | 4.8% | 1.7% | 1.6% | -0.9% | -0.0% | 0.9% | 2.9% | -0.8% | 4.3% | 0.6% | -0.6% | 1.5% | -1.6% |
| — | +80.5% | -44.5% | -6.6% | -101.1% | +58.0% | +571.1% | -153.2% | +363.1% | -39.3% | +44.9% | +106.1% | -160.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Dynex Capital, Inc.'s Debt/EBITDA ratio is 43.6x — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.65 | 5.65 | 6.01 | — | — | 5.56 | — | — | — | — | 6.22 | 4.80 | — |
| — | +1.7% | — | — | — | — | — | — | — | — | +59.4% | +83.4% | — | |
| Debt / EBITDA | 18.85 | 43.63 | 43.69 | — | — | 127.80 | — | — | — | — | — | 77.15 | — |
| — | -65.9% | — | — | — | — | — | — | — | — | — | +3.8% | — | |
| Current Ratio | — | — | — | — | — | 0.10 | — | — | — | — | — | 0.11 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | — | — | — | — | — | 0.10 | — | — | — | — | — | 0.11 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | — | — | 1.27 | -0.15 | -0.03 | 0.63 | 0.38 | -0.10 | 0.54 | 0.34 | -0.64 | 1.21 | -1.32 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Dynex Capital, Inc.'s current P/E is 5.4x. The average P/E over the last 2 quarters is 2.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Dynex Capital, Inc.'s current operating margin is 175.6%. Margins have been expanding 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.