Annaly Capital Management, Inc. (NLY) Earnings History
Annual and quarterly earnings data from 1997 to 2025
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NLY 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.
NLY Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 99.9% | 102.6% | 30.3% |
| 2024 | 99.0% | 88.4% | 15.8% |
| 2023 | 99.1% | 40.0% | -29.3% |
| 2022 | 99.0% | 75.2% | 41.6% |
| 2021 | 93.4% | 389.8% | 318.1% |
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Annaly Capital Management, Inc. (NLY) Earnings Overview
As of May 6, 2026, Annaly Capital Management, Inc. (NLY) reported trailing twelve-month net income of $2.03B, reflecting +80.2% year-over-year growth. The company earned $2.92 per diluted share over the past four quarters, with a net profit margin of 30.3%.
Looking at the long-term picture, NLY's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.73B in fiscal 2013.
Annaly Capital Management, Inc. maintains industry-leading profitability with a gross margin of 99.9%, operating margin of 102.6%, and net margin of 30.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AGNC ($838M net income, 17.7% margin), TWO (-$343M net income, -75.0% margin), MFA ($134M net income, 20.2% margin), NLY has outperformed on profitability metrics. Compare NLY vs AGNC →
NLY Earnings vs Peers
Earnings metrics vs comparable public companies
NLY Historical Earnings Data (1997–2025)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.03B | +102.3% | $6.87B | $2.92 | 30.3% | 102.6% |
| 2024 | $1.00B | +161.0% | $5.62B | $1.62 | 15.8% | 88.4% |
| 2023 | -$1.64B | -195.2% | $2.24B | $-3.61 | -29.3% | 40.0% |
| 2022 | $1.73B | -27.8% | $3.12B | $3.92 | 41.6% | 75.2% |
| 2021 | $2.39B | +368.2% | $2.93B | $6.39 | 318.1% | 389.8% |
| 2020 | -$891M | +58.8% | -$19M | $-2.92 | -60.0% | -1.3% |
| 2019 | -$2.16B | -4075.3% | $611M | $-6.41 | -119.2% | 33.7% |
| 2018 | $54M | -96.5% | $155M | $-0.25 | 2.6% | 7.4% |
| 2017 | $1.57B | +9.5% | $1.58B | $5.48 | 66.8% | 67.0% |
| 2016 | $1.43B | +207.3% | $1.48B | $5.56 | 72.0% | 74.3% |
Full NLY Stock Analysis
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Start ComparisonNLY — Frequently Asked Questions
Quick answers to the most common questions about buying NLY stock.
Is NLY growing earnings?
NLY EPS is $2.92, with earnings growth accelerating to +80.2%. This exceeds the 5-year CAGR of N/A. TTM net income reached $2.0B.
What are NLY's profit margins?
Annaly Capital Management, Inc. net margin is +30.3%, with operating margin at +102.6%. Above-average margins indicate pricing power.
How consistent are NLY's earnings?
NLY earnings data spans 1997-2025. The accelerating earnings trend is +80.2% YoY. Historical data enables comparison across business cycles.