Annaly Capital Management (NLY) Financials

$19.06 +0.06 (+0.32%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$19.23 +0.17 (+0.87%)

As of 05/28/2025 08:00 PM Eastern

Annual Income Statements for Annaly Capital Management

This table shows Annaly Capital Management's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	847	-1,785	1,615	2,282	-1,033	-2,299	-75	1,460	1,351	395
Consolidated Net Income / (Loss)	1,012	-1,638	1,726	2,396	-890	-2,163	54	1,569	1,433	466
Net Income / (Loss) Continuing Operations	1,012	-1,638	1,726	2,396	-890	-2,163	54	1,569	1,433	466
Total Pre-Tax Income	1,027	-1,599	1,772	2,401	-918	-2,174	52	1,576	1,431	464
Total Revenue	684	215	1,691	1,791	1,398	-2,009	1,961	1,684	1,637	678
Net Interest Income / (Expense)	248	-111	1,469	1,734	1,331	1,002	1,435	1,485	1,553	1,699
Total Interest Income	4,840	3,732	2,779	1,983	2,230	3,787	3,333	2,493	2,211	2,171
Investment Securities Interest Income	4,840	3,732	2,779	1,983	2,230	3,787	3,333	2,493	2,211	2,171
Total Interest Expense	4,592	3,843	1,310	249	899	2,785	1,898	1,008	658	472
Long-Term Debt Interest Expense	4,592	3,843	1,310	249	899	2,785	1,898	1,008	658	472
Total Non-Interest Income	436	327	222	57	68	-3,011	526	199	84	-1,021
Service Charges on Deposit Accounts	-49	-38	-	-	-26	-	-	-	-	-
Other Service Charges	485	364	247	69	94	-	-	-	-	-
Net Realized & Unrealized Capital Gains on Investments	0.00	0.00	-	-	0.00	-3,011	526	199	84	-1,021
Total Non-Interest Expense	171	163	163	186	222	272	330	108	206	200
Salaries and Employee Benefits	130	120	113	118	132	171	180	164	152	150
Other Operating Expenses	41	43	50	68	91	101	150	60	99	50
Nonoperating Income / (Expense), net	515	-1,652	244	796	-1,947	107	-1,579	-	-	-14
Income Tax Expense	15	39	46	4.68	-28	-11	-2.38	6.98	-1.60	-1.95
Preferred Stock Dividends Declared	155	142	111	108	142	137	129	110	82	72
Net Income / (Loss) Attributable to Noncontrolling Interest	9.86	4.71	1.10	6.38	1.39	-0.23	-0.26	-0.59	-0.97	-0.81
Basic Earnings per Share	$1.62	($3.61)	$3.93	$6.40	($2.92)	($1.60)	($0.06)	$1.37	$1.39	$0.42
Weighted Average Basic Shares Outstanding	521.74M	494.54M	411.35M	356.86M	353.66M	1.43B	1.21B	1.07B	969.79M	947.06M
Diluted Earnings per Share	$1.62	($3.61)	$3.92	$6.39	($2.92)	($1.60)	($0.06)	$1.37	$1.39	$0.42
Weighted Average Diluted Shares Outstanding	522.75M	494.54M	411.62M	357.14M	353.66M	1.43B	1.21B	1.07B	970.10M	947.28M
Weighted Average Basic & Diluted Shares Outstanding	578.36M	500.08M	493.62M	1.46B	1.40B	1.43B	1.25B	1.07B	972.30M	939.50M
Cash Dividends to Common per Share	$0.65	$0.65	$0.88	$0.22	$0.22	$0.25	$0.30	$0.30	$0.30	$1.20

This table shows Annaly Capital Management's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	87	443	25	-47	426	-441	-599	131	-876	-918	-302
Consolidated Net Income / (Loss)	130	473	82	-8.83	465	-391	-569	161	-839	-887	-274
Net Income / (Loss) Continuing Operations	130	473	82	-8.83	465	-391	-569	161	-839	-887	-274
Total Pre-Tax Income	139	483	76	3.10	464	-390	-557	175	-828	-887	-278
Total Revenue	187	419	120	48	96	418	-517	218	96	-185	342
Net Interest Income / (Expense)	220	187	13	54	-6.45	-54	-45	-32	19	135	278
Total Interest Income	1,317	1,339	1,229	1,177	1,094	990	1,001	921	818	799	678
Investment Securities Interest Income	1,317	1,339	1,229	1,177	1,094	990	1,001	921	818	799	678
Total Interest Expense	1,097	1,152	1,216	1,124	1,101	1,044	1,047	953	799	664	400
Long-Term Debt Interest Expense	1,097	1,152	1,216	1,124	1,101	1,044	1,047	953	799	664	400
Total Non-Interest Income	-33	232	107	-5.57	103	471	-471	250	76	-320	64
Service Charges on Deposit Accounts	126	-255	110	108	-12	-	88	75	-	-	-7.78
Other Service Charges	7.40	318	27	25	115	245	26	9.11	84	143	74
Net Realized & Unrealized Capital Gains on Investments	-167	-	-30	-138	-	-	-586	166	-	-	-2.94
Total Non-Interest Expense	48	44	44	45	39	39	40	43	41	43	38
Salaries and Employee Benefits	37	34	34	33	29	30	30	31	29	30	28
Other Operating Expenses	11	10	9.47	12	9.85	9.40	9.85	12	11	13	10
Income Tax Expense	8.27	10	-6.14	12	-0.94	1.73	12	14	11	-0.09	-4.31
Preferred Stock Dividends Declared	37	39	42	37	37	37	37	36	32	30	27
Net Income / (Loss) Attributable to Noncontrolling Interest	6.08	-8.98	16	0.65	2.28	13	-6.88	-5.85	4.93	1.55	1.29
Basic Earnings per Share	$0.15	$0.81	$0.05	($0.09)	$0.85	($0.89)	($1.21)	$0.27	($1.79)	($2.23)	($0.70)
Weighted Average Basic Shares Outstanding	587.15M	521.74M	515.73M	500.95M	500.61M	494.54M	494.33M	494.17M	489.69M	411.35M	429.86M
Diluted Earnings per Share	$0.15	$0.81	$0.05	($0.09)	$0.85	($0.89)	($1.21)	$0.27	($1.79)	($2.23)	($0.70)
Weighted Average Diluted Shares Outstanding	588.42M	522.75M	516.83M	500.95M	501.18M	494.54M	494.33M	494.36M	489.69M	411.62M	429.86M
Weighted Average Basic & Diluted Shares Outstanding	605.09M	578.36M	560.55M	501.02M	500.44M	500.08M	500.09M	493.91M	493.88M	493.62M	467.87M
Cash Dividends to Common per Share	$0.70	-	$0.65	$0.65	$0.65	$0.73	$0.65	$0.65	$0.65	$1.07	$0.88

This table details how cash moves in and out of Annaly Capital Management's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	76	-165	235	98	-607	115	1,029	-833	-230	28
Net Cash From Operating Activities	3,311	2,367	5,372	3,077	528	-1,200	2,622	1,632	1,581	-3,643
Net Cash From Continuing Operating Activities	3,311	2,367	5,372	3,077	528	-1,200	2,622	1,632	1,581	-3,643
Net Income / (Loss) Continuing Operations	1,012	-1,638	1,726	2,396	-890	-2,163	54	1,569	1,433	466
Consolidated Net Income / (Loss)	1,012	-1,638	1,726	2,396	-890	-2,163	54	1,569	1,433	466
Provision For Loan Losses	0.00	-0.22	-21	-145	148	17	3.50	0.00	0.00	-
Depreciation Expense	30	25	21	25	41	32	72	28	42	13
Amortization Expense	117	200	82	777	1,360	1,101	689	869	809	813
Non-Cash Adjustments to Reconcile Net Income	2,003	4,476	3,787	57	-223	2.57	1,594	-861	-670	-4,942
Changes in Operating Assets and Liabilities, net	148	-694	-223	-34	92	-189	208	27	-33	7.33
Net Cash From Investing Activities	-14,985	-8,416	-14,527	4,899	40,352	-20,642	-908	-14,666	-2,062	12,145
Net Cash From Continuing Investing Activities	-14,985	-8,416	-14,527	4,899	40,352	-20,642	-908	-14,666	-2,062	12,145
Purchase of Investment Securities	-655,632	-175,552	-77,126	-47,335	-93,742	-165,321	-133,256	-110,103	-89,166	-23,538
Sale and/or Maturity of Investments	640,622	167,136	62,599	51,115	134,080	144,676	132,322	95,424	87,099	35,683
Other Investing Activities, net	25	0.00	0.00	0.29	7.59	3.16	26	8.00	4.62	0.00
Net Cash From Financing Activities	11,750	5,884	9,389	-7,878	-41,487	21,956	-684	12,201	252	-8,474
Net Cash From Continuing Financing Activities	11,750	5,884	9,389	-7,878	-41,487	21,956	-684	12,201	252	-8,474
Issuance of Debt	14,465	6,488	7,382	5,565	2,424	3,444	920	0.00	1,382	2,575
Issuance of Common Equity	1,558	674	2,636	552	1.18	1,829	1,532	2,347	2.36	0.00
Repayment of Debt	-6,450	-947	-1,243	-2,535	-1,300	-2,058	-1,385	-1,038	-367	-945
Payment of Dividends	-1,494	-1,518	-1,519	-1,360	-1,476	-1,689	-1,541	-1,353	-1,221	-1,208
Other Financing Activities, Net	3,670	1,187	2,134	-10,100	-40,467	20,884	201	12,430	558	-8,783
Cash Interest Received	3,783	3,279	2,459	2,701	3,682	4,811	3,894	3,447	2,968	2,966
Cash Income Taxes Paid	-1.69	1.10	-0.49	-3.80	1.52	2.28	-0.30	-1.50	0.93	1.93

This table details how cash moves in and out of Annaly Capital Management's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	346	-72	-27	-78	253	171	4.25	-557	217	111	612
Net Cash From Operating Activities	-156	2,808	-1,673	477	1,698	379	1,871	1,137	-1,019	202	2,454
Net Cash From Continuing Operating Activities	-156	2,808	-1,673	477	1,698	379	1,871	1,137	-1,019	202	2,454
Net Income / (Loss) Continuing Operations	130	473	82	-8.83	465	-391	-569	161	-839	-887	-274
Consolidated Net Income / (Loss)	130	473	82	-8.83	465	-391	-569	161	-839	-887	-274
Depreciation Expense	9.22	7.18	7.05	9.25	6.88	5.46	7.32	6.98	5.05	4.63	4.73
Amortization Expense	69	14	57	15	30	56	31	42	69	43	25
Non-Cash Adjustments to Reconcile Net Income	-553	2,340	-1,599	488	775	721	2,543	1,002	210	2,186	1,890
Changes in Operating Assets and Liabilities, net	189	-26	-220	-27	421	-13	-142	-76	-463	-1,152	810
Net Cash From Investing Activities	1,663	-6,250	-4,429	-4,139	-167	1,203	-5,372	-3,166	-1,081	-5,534	-6,944
Net Cash From Continuing Investing Activities	1,663	-6,250	-4,429	-4,139	-167	1,203	-5,372	-3,166	-1,081	-5,534	-6,944
Purchase of Investment Securities	-180,838	-180,132	-156,337	-158,135	-161,028	-94,946	-27,479	-27,373	-25,754	-21,787	-28,495
Sale and/or Maturity of Investments	182,498	173,875	151,900	153,985	160,862	96,150	22,106	24,207	24,673	16,254	21,551
Other Investing Activities, net	3.40	6.14	8.08	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-1,161	3,369	6,075	3,584	-1,278	-1,411	3,505	1,472	2,317	5,443	5,103
Net Cash From Continuing Financing Activities	-1,161	3,369	6,075	3,584	-1,278	-1,411	3,505	1,472	2,317	5,443	5,103
Issuance of Debt	4,686	3,244	3,784	3,939	3,498	2,189	1,411	1,644	1,244	867	1,350
Issuance of Common Equity	496	398	1,149	11	-0.05	94	18	-0.12	563	8.92	1,671
Repayment of Debt	-824	-4,971	-634	429	-1,273	-270	-277	-239	-161	1,623	-550
Payment of Dividends	-413	-402	-367	-363	-362	-359	-358	-357	-444	-442	-381
Other Financing Activities, Net	-5,106	5,100	2,143	-433	-3,141	-3,064	2,711	424	1,116	3,385	3,012
Cash Interest Received	1,025	995	-123	1,236	1,675	878	233	1,422	746	708	607
Cash Income Taxes Paid	-0.24	-0.56	-0.47	-0.42	-0.24	-0.19	1.94	-0.52	-0.14	1.68	-0.51

This table presents Annaly Capital Management's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	103,556	93,227	81,851	76,764	88,455	15,079	105,788	101,760	92,691	75,191
Cash and Due from Banks	1,488	1,412	1,577	1,342	1,244	1,918	1,736	707	1,586	1,769
Trading Account Securities	72,183	72,486	66,707	63,829	75,839	118	93,543	92,879	154,896	67,844
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	279
Accrued Investment Income	1,069	1,223	-	235	268	-	357	324	280	231
Intangible Assets	9.42	12	17	24	127	93	101	95	34	39
Other Assets	28,807	18,094	13,550	11,334	10,977	12,950	10,050	4,757	12,295	4,958
Total Liabilities & Shareholders' Equity	103,556	93,227	81,851	76,764	88,455	130,295	105,788	101,760	87,905	75,191
Total Liabilities	90,859	81,882	70,481	63,569	74,433	114,499	91,670	86,888	79,008	63,285
Short-Term Debt	60	302	-	55,651	65,859	102,545	82,006	77,696	192,615	56,231
Accrued Interest Payable	268	288	325	91	191	476	571	253	167	152
Other Short-Term Payables	376	325	-	321	308	358	394	-	306	-
Long-Term Debt	21,445	13,204	8,795	7,108	7,036	10,564	8,041	7,119	7,656	4,734
Other Long-Term Liabilities	68,710	67,763	61,361	397	1,040	557	658	1,820	1,794	2,016
Total Equity & Noncontrolling Interests	12,697	11,345	11,369	13,195	14,022	15,796	14,118	14,872	13,777	11,906
Total Preferred & Common Equity	12,609	11,256	11,270	13,170	14,008	15,792	14,112	14,865	12,568	11,896
Preferred Stock	1,537	1,537	1,537	1,537	1,537	1,982	1,778	1,720	1,201	913
Total Common Equity	11,073	9,719	9,734	11,633	12,472	13,810	12,334	13,145	11,368	10,983
Common Stock	25,264	23,677	22,986	20,328	19,765	19,981	18,807	17,233	15,590	14,685
Retained Earnings	-13,173	-12,623	-9,543	-9,654	-10,667	-8,309	-4,494	-2,962	-3,136	-3,325
Accumulated Other Comprehensive Income / (Loss)	-1,018	-1,335	-3,709	958	3,374	2,138	-1,980	-1,126	-1,086	-378
Noncontrolling Interest	88	89	99	25	13	4.33	5.69	6.10	7.79	9.95

This table presents Annaly Capital Management's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	105,115	101,516	93,669	91,484	89,648	89,330	86,832	85,407
Cash and Due from Banks	1,834	1,560	1,587	1,665	1,241	1,237	1,794	1,466
Trading Account Securities	70,431	72,526	67,553	67,646	71,458	72,447	70,317	70,943
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	837	1,061	917	867	-	945	774	263
Intangible Assets	8.74	10	11	11	13	15	16	17
Other Assets	32,005	26,359	23,600	21,294	16,936	14,687	13,931	12,718
Total Liabilities & Shareholders' Equity	105,115	101,516	93,669	91,484	89,648	89,330	86,832	85,407
Total Liabilities	92,031	88,976	82,406	79,987	78,971	77,443	74,923	74,455
Short-Term Debt	181	103	101	103	64,694	61,794	61,467	54,925
Accrued Interest Payable	286	276	369	350	198	141	118	30
Other Short-Term Payables	422	363	326	325	-	321	321	412
Long-Term Debt	24,450	19,776	17,577	15,452	11,272	10,782	9,729	8,840
Other Long-Term Liabilities	66,692	68,458	64,033	63,756	2,807	4,406	3,288	10,248
Total Equity & Noncontrolling Interests	13,085	12,540	11,263	11,496	10,677	11,887	11,909	10,952
Total Preferred & Common Equity	12,995	12,443	11,181	11,410	10,564	11,776	11,792	10,866
Preferred Stock	1,537	1,537	1,537	1,537	1,537	1,537	1,537	1,537
Total Common Equity	11,458	10,907	9,645	9,873	9,028	10,240	10,256	9,330
Common Stock	25,755	24,857	23,700	23,679	23,578	23,555	23,548	22,972
Retained Earnings	-13,510	-13,238	-12,898	-12,524	-11,855	-10,933	-10,742	-8,211
Accumulated Other Comprehensive Income / (Loss)	-787	-712	-1,157	-1,282	-2,695	-2,383	-2,551	-5,431
Noncontrolling Interest	90	97	82	87	113	111	117	85

This table displays calculated financial ratios and metrics derived from Annaly Capital Management's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	217.84%	-87.28%	-5.57%	28.06%	169.61%	-202.45%	16.42%	2.86%	141.59%	256.27%
EBITDA Growth	138.10%	-83.02%	-32.23%	-0.94%	311.72%	-147.96%	-3.24%	8.35%	75.12%	1,790.97%
EBIT Growth	874.69%	-96.56%	-4.76%	56.01%	145.10%	-239.83%	3.48%	10.12%	199.72%	174.26%
NOPAT Growth	1,266.04%	-97.52%	-7.03%	122.44%	145.10%	-193.59%	8.71%	9.51%	198.79%	206.53%
Net Income Growth	161.75%	-194.90%	-27.95%	369.31%	58.87%	-4,094.78%	-96.55%	9.51%	207.63%	152.55%
EPS Growth	144.88%	-192.09%	-38.65%	369.31%	58.87%	-2,566.67%	-104.38%	-1.44%	230.95%	143.75%
Operating Cash Flow Growth	39.86%	-55.94%	74.61%	482.77%	144.01%	-145.75%	60.64%	3.25%	143.39%	-159.45%
Free Cash Flow Firm Growth	-90.22%	-108.12%	355.91%	117.33%	-181.58%	3,306.04%	-102.39%	182.95%	-1,166.39%	256.56%
Invested Capital Growth	37.63%	23.24%	-73.45%	-12.61%	534.96%	-86.86%	4.49%	-53.41%	193.61%	-14.76%
Revenue Q/Q Growth	0.22%	155.49%	-25.50%	-59.51%	460.87%	52.44%	-47.28%	-44.33%	573.86%	206.43%
EBITDA Q/Q Growth	-6.30%	180.38%	-31.88%	-52.48%	257.37%	66.03%	-44.33%	-30.60%	120.56%	9,042.82%
EBIT Q/Q Growth	-0.69%	109.48%	-27.55%	-62.17%	258.61%	49.95%	-54.09%	-45.23%	9,618.14%	155.39%
NOPAT Q/Q Growth	242.31%	102.52%	-50.89%	-61.09%	279.12%	59.54%	-44.18%	-41.25%	464.16%	174.91%
Net Income Q/Q Growth	586.13%	23.22%	-43.05%	-16.11%	-59.27%	61.56%	-98.23%	-41.25%	464.16%	169.40%
EPS Q/Q Growth	2,414.29%	21.18%	-42.35%	-16.11%	-59.27%	59.60%	-102.34%	-48.88%	1,163.64%	142.86%
Operating Cash Flow Q/Q Growth	275.91%	8.08%	-10.94%	-0.20%	-38.32%	57.11%	-33.21%	10.49%	89.85%	-57.49%
Free Cash Flow Firm Q/Q Growth	-116.27%	65.28%	1,935.58%	-25.98%	-281.61%	408.57%	68.51%	2,247.61%	-1,190.32%	14.79%
Invested Capital Q/Q Growth	5.50%	-71.32%	-73.01%	1.95%	-0.50%	-89.28%	1.30%	9.58%	158.07%	1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	96.43%	128.73%	96.46%	134.41%	173.75%	0.00%	122.03%	146.81%	139.38%	192.29%
EBIT Margin	74.94%	24.44%	90.38%	89.61%	73.55%	0.00%	83.18%	93.57%	87.41%	70.46%
Profit (Net Income) Margin	147.98%	-761.64%	102.10%	133.82%	-63.63%	0.00%	2.76%	93.16%	87.50%	68.72%
Tax Burden Percent	98.51%	102.47%	97.43%	99.81%	96.90%	99.50%	104.59%	99.56%	100.11%	100.42%
Interest Burden Percent	200.44%	-3,041.82%	115.95%	149.63%	-89.28%	95.33%	3.17%	100.00%	100.00%	97.13%
Effective Tax Rate	1.49%	0.00%	2.57%	0.19%	0.00%	0.00%	-4.59%	0.44%	-0.11%	-0.42%
Return on Invested Capital (ROIC)	1.71%	0.16%	3.10%	1.97%	1.43%	0.00%	1.67%	1.00%	1.00%	0.61%
ROIC Less NNEP Spread (ROIC-NNEP)	4.61%	-14.86%	3.76%	3.14%	-3.12%	0.00%	-0.22%	1.00%	1.00%	0.58%
Return on Net Nonoperating Assets (RNNOA)	6.71%	-14.59%	10.96%	15.64%	-7.40%	0.00%	-1.30%	9.95%	10.16%	3.09%
Return on Equity (ROE)	8.42%	-14.43%	14.06%	17.61%	-5.97%	-14.46%	0.37%	10.95%	11.16%	3.69%
Cash Return on Invested Capital (CROIC)	-29.96%	-20.66%	119.18%	15.43%	-144.14%	150.83%	-2.72%	73.87%	-97.38%	16.54%
Operating Return on Assets (OROA)	0.52%	0.06%	1.93%	1.94%	1.99%	0.00%	1.57%	1.62%	1.71%	0.59%
Return on Assets (ROA)	1.03%	-1.87%	2.18%	2.90%	-1.72%	0.00%	0.05%	1.61%	1.71%	0.57%
Return on Common Equity (ROCE)	7.28%	-12.36%	12.23%	15.60%	-5.26%	-12.64%	0.33%	9.37%	9.71%	3.42%
Return on Equity Simple (ROE_SIMPLE)	8.02%	-14.56%	15.32%	18.20%	-6.35%	-13.70%	0.38%	10.55%	11.40%	3.92%
Net Operating Profit after Tax (NOPAT)	505	37	1,489	1,601	720	-1,596	1,706	1,569	1,433	480
NOPAT Margin	73.82%	17.18%	88.05%	89.44%	51.49%	0.00%	86.99%	93.16%	87.50%	70.75%
Net Nonoperating Expense Percent (NNEP)	-2.90%	15.03%	-0.66%	-1.17%	4.55%	1.29%	1.89%	0.00%	0.00%	0.02%
SG&A Expenses to Revenue	19.07%	55.59%	6.67%	6.62%	9.42%	0.00%	9.17%	9.76%	9.26%	22.17%
Operating Expenses to Revenue	25.06%	75.56%	9.62%	10.39%	15.89%	0.00%	16.82%	6.43%	12.59%	29.54%
Earnings before Interest and Taxes (EBIT)	512	53	1,528	1,605	1,028	-2,280	1,631	1,576	1,431	478
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	659	277	1,631	2,407	2,429	-1,147	2,393	2,473	2,282	1,303
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	0.87	0.78	0.68	0.60	0.54	0.52	0.46	0.36	0.29
Price to Tangible Book Value (P/TBV)	0.93	0.87	0.78	0.69	0.61	0.55	0.52	0.47	0.36	0.29
Price to Revenue (P/Rev)	15.00	39.37	4.46	4.45	5.36	0.00	3.27	3.62	2.48	4.68
Price to Earnings (P/E)	12.11	0.00	4.68	3.49	0.00	0.00	0.00	4.18	3.01	8.04
Dividend Yield	14.21%	15.35%	21.81%	16.03%	16.99%	20.07%	24.59%	22.81%	30.09%	35.87%
Earnings Yield	8.26%	0.00%	21.39%	28.66%	0.00%	0.00%	0.00%	23.93%	33.26%	12.44%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.89	0.81	0.93	0.93	8.81	0.93	0.92	0.95	0.87
Enterprise Value to Revenue (EV/Rev)	46.65	103.14	9.70	39.62	57.71	0.00	49.22	54.58	124.56	93.38
Enterprise Value to EBITDA (EV/EBITDA)	48.38	80.12	10.06	29.48	33.21	0.00	40.34	37.18	89.37	48.56
Enterprise Value to EBIT (EV/EBIT)	62.26	422.09	10.73	44.21	78.46	0.00	59.18	58.33	142.51	132.54
Enterprise Value to NOPAT (EV/NOPAT)	63.20	600.49	11.02	44.30	112.08	0.00	56.58	58.59	142.35	131.98
Enterprise Value to Operating Cash Flow (EV/OCF)	9.64	9.37	3.05	23.06	152.84	0.00	36.81	56.32	129.02	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.29	5.65	0.00	1.36	0.00	0.79	0.00	4.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.69	1.19	0.77	4.76	5.20	7.16	6.38	5.70	14.54	5.12
Long-Term Debt to Equity	1.69	1.16	0.77	0.54	0.50	0.67	0.57	0.48	0.56	0.40
Financial Leverage	1.46	0.98	2.91	4.98	2.37	2.94	6.03	9.95	10.17	5.27
Leverage Ratio	8.19	7.71	6.46	6.07	3.47	4.04	7.16	6.79	6.54	6.46
Compound Leverage Factor	16.41	-234.46	7.49	9.08	-3.10	3.85	0.23	6.79	6.54	6.28
Debt to Total Capital	62.88%	54.35%	43.62%	82.63%	83.87%	87.75%	86.45%	85.08%	93.56%	83.66%
Short-Term Debt to Total Capital	0.17%	1.22%	0.00%	73.27%	75.77%	79.55%	78.73%	77.94%	89.99%	77.17%
Long-Term Debt to Total Capital	62.70%	53.13%	43.62%	9.36%	8.10%	8.19%	7.72%	7.14%	3.58%	6.50%
Preferred Equity to Total Capital	4.49%	6.18%	7.62%	2.02%	1.77%	1.54%	1.71%	1.73%	0.56%	1.25%
Noncontrolling Interests to Total Capital	0.26%	0.36%	0.49%	0.03%	0.02%	0.00%	0.01%	0.01%	0.00%	0.01%
Common Equity to Total Capital	32.37%	39.11%	48.27%	15.32%	14.35%	10.71%	11.84%	13.19%	5.31%	15.07%
Debt to EBITDA	32.62	48.77	5.39	26.08	30.00	-98.57	37.64	34.30	87.75	46.78
Net Debt to EBITDA	30.36	43.67	4.43	25.52	29.49	-96.90	36.91	34.01	87.06	45.42
Long-Term Debt to EBITDA	32.53	47.68	5.39	2.95	2.90	-9.21	3.36	2.88	3.35	3.63
Debt to NOPAT	42.60	365.52	5.91	39.19	101.25	-70.86	52.79	54.06	139.78	127.14
Net Debt to NOPAT	39.66	327.31	4.85	38.35	99.52	-69.65	51.77	53.61	138.67	123.45
Long-Term Debt to NOPAT	42.49	357.34	5.91	4.44	9.77	-6.62	4.71	4.54	5.34	9.87
Noncontrolling Interest Sharing Ratio	13.52%	14.36%	13.02%	11.43%	11.86%	12.60%	12.11%	14.44%	12.97%	7.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,846	-4,650	57,279	12,564	-72,508	88,880	-2,772	115,836	-139,651	13,096
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-1.93	-1.21	43.73	50.41	-80.64	31.92	-1.46	114.88	-212.32	27.77
Operating Cash Flow to Interest Expense	0.72	0.62	4.10	12.34	0.59	-0.43	1.38	1.62	2.40	-7.73
Operating Cash Flow Less CapEx to Interest Expense	0.72	0.62	4.10	12.34	0.59	-0.43	1.38	1.62	2.40	-7.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.00	0.02	0.02	0.03	0.00	0.02	0.02	0.02	0.01
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	34,202	24,852	20,164	75,954	86,917	13,688	104,165	99,687	213,954	72,871
Invested Capital Turnover	0.02	0.01	0.04	0.02	0.03	0.00	0.02	0.01	0.01	0.01
Increase / (Decrease) in Invested Capital	9,350	4,687	-55,790	-10,962	73,228	-90,476	4,478	-114,267	141,084	-12,616
Enterprise Value (EV)	31,899	22,189	16,404	70,941	80,692	120,660	96,507	91,935	203,957	63,289
Market Capitalization	10,258	8,468	7,550	7,962	7,491	7,484	6,412	6,100	4,063	3,171
Book Value per Share	$19.75	$19.43	$20.80	$8.02	$8.92	$9.66	$9.39	$11.34	$11.16	$11.59
Tangible Book Value per Share	$19.74	$19.41	$20.77	$8.01	$8.83	$9.59	$9.31	$11.25	$11.05	$11.47
Total Capital	34,202	24,852	20,164	75,954	86,917	128,904	104,165	99,687	214,048	72,871
Total Debt	21,505	13,506	8,795	62,759	72,895	113,108	90,047	84,815	200,271	60,965
Total Long-Term Debt	21,445	13,204	8,795	7,108	7,036	10,564	8,041	7,119	7,656	4,734
Net Debt	20,017	12,094	7,218	61,417	71,651	111,190	88,311	84,109	198,685	59,195
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-507	1,675	-238	-795	1,610	567	1,652	0.00	0.00	14
Net Nonoperating Obligations (NNO)	21,505	13,506	8,795	62,759	72,895	-2,108	90,047	84,815	200,178	60,965
Total Depreciation and Amortization (D&A)	147	224	103	802	1,401	1,133	762	897	851	826
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	($3.61)	$3.93	$6.40	($2.92)	($6.40)	($0.24)	$5.48	$5.56	$1.68
Adjusted Weighted Average Basic Shares Outstanding	521.74M	494.54M	411.35M	356.86M	353.66M	358.73M	302.40M	266.48M	242.45M	236.77M
Adjusted Diluted Earnings per Share	$1.62	($3.61)	$3.92	$6.40	($2.92)	($6.40)	($0.24)	$5.48	$5.56	$1.68
Adjusted Weighted Average Diluted Shares Outstanding	522.75M	494.54M	411.62M	357.14M	353.66M	358.73M	302.40M	266.59M	242.53M	236.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($6.40)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	578.36M	500.08M	493.62M	365.09M	349.63M	357.58M	350.02M	289.91M	254.74M	231.21M
Normalized Net Operating Profit after Tax (NOPAT)	505	37	1,489	1,601	720	-1,596	1,142	1,454	971	334
Normalized NOPAT Margin	73.82%	17.18%	88.05%	89.44%	51.49%	0.00%	58.22%	86.31%	59.30%	49.32%
Pre Tax Income Margin	150.21%	-743.31%	104.79%	134.09%	-65.67%	0.00%	2.64%	93.57%	87.41%	68.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.11	0.01	1.17	6.44	1.14	-0.82	0.86	1.56	2.18	1.01
NOPAT to Interest Expense	0.11	0.01	1.14	6.43	0.80	-0.57	0.90	1.56	2.18	1.02
EBIT Less CapEx to Interest Expense	0.11	0.01	1.17	6.44	1.14	-0.82	0.86	1.56	2.18	1.01
NOPAT Less CapEx to Interest Expense	0.11	0.01	1.14	6.43	0.80	-0.57	0.90	1.56	2.18	1.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	147.63%	-92.63%	88.00%	56.74%	-165.85%	-78.08%	2,845.69%	86.24%	85.21%	259.29%
Augmented Payout Ratio	147.63%	-92.63%	88.00%	56.74%	-189.38%	-88.42%	2,845.69%	86.24%	92.38%	283.83%

This table displays calculated financial ratios and metrics derived from Annaly Capital Management's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	93.57%	0.36%	123.25%	-78.02%	0.59%	325.60%	-251.21%	-76.33%	-84.33%	-147.04%	-5.97%
EBITDA Growth	127.52%	-10.06%	127.15%	-87.79%	-26.56%	343.44%	-255.36%	-75.63%	-76.70%	-131.07%	-41.67%
EBIT Growth	139.55%	-0.94%	113.69%	-98.23%	5.12%	266.02%	-283.22%	-80.21%	-90.27%	-164.65%	-6.71%
NOPAT Growth	124.80%	273.51%	121.13%	-105.48%	50.48%	56.08%	-282.25%	-81.33%	-93.09%	-278.07%	-35.20%
Net Income Growth	-71.99%	220.92%	114.47%	-105.48%	155.42%	55.88%	-107.71%	-81.33%	-141.47%	-311.92%	-152.53%
EPS Growth	-82.35%	191.01%	104.13%	-133.33%	147.49%	60.09%	-72.86%	-87.73%	-132.78%	-304.59%	-151.47%
Operating Cash Flow Growth	-109.20%	641.96%	-189.40%	-58.03%	266.63%	87.78%	-23.76%	65.28%	-150.22%	-76.60%	280.91%
Free Cash Flow Firm Growth	-118.77%	-78.99%	540.95%	506.75%	676.54%	-108.99%	-308,612.67%	-258.50%	-228.37%	387.75%	-100.03%
Invested Capital Growth	39.42%	37.63%	-62.58%	-65.74%	-67.45%	23.24%	15.96%	19.55%	13.32%	-73.45%	0.29%
Revenue Q/Q Growth	-55.48%	248.93%	150.34%	-50.23%	168.01%	180.82%	-336.65%	127.82%	151.77%	-154.17%	-62.96%
EBITDA Q/Q Growth	-45.40%	181.72%	412.13%	-71.12%	179.93%	185.04%	-330.27%	73.76%	171.54%	-154.27%	-63.88%
EBIT Q/Q Growth	-63.07%	392.31%	2,360.17%	-94.64%	132.02%	168.04%	-417.27%	218.86%	124.12%	-175.09%	-65.73%
NOPAT Q/Q Growth	-72.46%	474.46%	1,032.31%	-115.24%	121.26%	30.03%	-341.76%	318.45%	106.20%	-390.35%	-75.23%
Net Income Q/Q Growth	-72.46%	474.46%	1,032.31%	-101.90%	218.90%	31.25%	-453.06%	119.20%	5.35%	-223.68%	-131.74%
EPS Q/Q Growth	-81.48%	1,520.00%	155.56%	-110.59%	195.51%	26.45%	-548.15%	115.08%	19.73%	-218.57%	-131.82%
Operating Cash Flow Q/Q Growth	-105.56%	267.89%	-450.63%	-71.90%	348.56%	-79.77%	64.61%	211.55%	-605.49%	-91.79%	256.84%
Free Cash Flow Firm Q/Q Growth	-18.66%	-116.35%	-2.17%	-1.07%	1,231.33%	59.73%	9.76%	-40.23%	-117.64%	1,382,994.52%	-100.05%
Invested Capital Q/Q Growth	10.27%	5.50%	12.02%	6.98%	8.85%	-71.32%	2.58%	1.63%	312.14%	-73.01%	5.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	115.90%	94.51%	117.06%	57.22%	98.61%	105.47%	0.00%	103.01%	135.05%	0.00%	97.55%
EBIT Margin	74.25%	89.51%	63.44%	6.46%	60.00%	90.69%	0.00%	80.35%	57.41%	0.00%	88.90%
Profit (Net Income) Margin	69.82%	112.85%	68.55%	-18.41%	482.46%	-93.67%	0.00%	73.81%	-875.61%	0.00%	-80.16%
Tax Burden Percent	94.03%	97.85%	108.05%	-285.12%	100.20%	100.44%	102.23%	91.86%	101.33%	99.99%	98.45%
Interest Burden Percent	100.00%	128.85%	100.00%	100.00%	802.52%	-102.83%	100.00%	100.00%	-1,505.22%	388.74%	-91.59%
Effective Tax Rate	5.97%	2.15%	-8.05%	385.12%	-0.20%	0.00%	0.00%	8.14%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.67%	2.61%	0.79%	-0.01%	0.24%	-0.62%	0.00%	0.45%	0.60%	0.00%	1.90%
ROIC Less NNEP Spread (ROIC-NNEP)	1.67%	2.61%	0.79%	-0.01%	1.17%	-1.69%	0.00%	0.45%	-0.72%	0.00%	1.12%
Return on Net Nonoperating Assets (RNNOA)	2.73%	3.81%	3.24%	-0.06%	4.35%	-1.66%	0.00%	2.58%	-4.07%	0.00%	5.65%
Return on Equity (ROE)	4.40%	6.42%	4.03%	-0.07%	4.59%	-2.28%	-19.73%	3.03%	-3.47%	0.00%	7.56%
Cash Return on Invested Capital (CROIC)	-30.84%	-29.96%	91.33%	97.33%	101.84%	-20.66%	-16.60%	-19.45%	-11.58%	119.18%	3.77%
Operating Return on Assets (OROA)	0.58%	0.62%	0.45%	0.00%	0.15%	0.22%	0.00%	0.46%	0.83%	0.00%	2.49%
Return on Assets (ROA)	0.55%	0.78%	0.49%	-0.01%	1.17%	-0.23%	0.00%	0.43%	-12.63%	0.00%	-2.25%
Return on Common Equity (ROCE)	3.82%	5.55%	3.46%	-0.06%	3.95%	-1.95%	-16.75%	2.60%	-2.99%	0.00%	6.58%
Return on Equity Simple (ROE_SIMPLE)	5.21%	0.00%	1.19%	-4.51%	-2.93%	0.00%	-20.20%	-15.62%	-9.64%	0.00%	27.90%
Net Operating Profit after Tax (NOPAT)	130	473	82	-8.83	58	-273	-390	161	39	-621	214
NOPAT Margin	69.82%	112.85%	68.55%	-18.41%	60.12%	-65.28%	0.00%	73.81%	40.18%	0.00%	62.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	-0.94%	1.06%	0.26%	0.00%	1.32%	0.74%	0.78%
SG&A Expenses to Revenue	19.98%	8.10%	28.68%	69.34%	29.79%	7.06%	0.00%	14.03%	30.66%	0.00%	8.12%
Operating Expenses to Revenue	25.75%	10.49%	36.56%	93.54%	40.00%	9.31%	0.00%	19.65%	42.59%	0.00%	11.10%
Earnings before Interest and Taxes (EBIT)	139	375	76	3.10	58	379	-557	175	55	-228	304
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	216	396	141	27	95	440	-518	225	129	-181	333
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	0.93	0.92	0.99	0.96	0.87	0.90	0.84	0.78	0.78	0.59
Price to Tangible Book Value (P/TBV)	1.03	0.93	0.92	0.99	0.97	0.87	0.90	0.85	0.78	0.78	0.59
Price to Revenue (P/Rev)	15.18	15.00	14.74	210.60	44.15	39.37	0.00	18.36	6.80	4.46	2.41
Price to Earnings (P/E)	23.10	12.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.68	1.87
Dividend Yield	13.05%	14.21%	12.95%	13.64%	13.66%	15.35%	17.15%	17.48%	20.32%	21.81%	26.10%
Earnings Yield	4.33%	8.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.39%	53.35%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.93	0.93	0.94	0.93	0.89	0.98	0.97	0.95	0.81	0.93
Enterprise Value to Revenue (EV/Rev)	46.74	46.65	43.99	601.59	116.07	103.14	0.00	173.37	67.26	9.70	30.58
Enterprise Value to EBITDA (EV/EBITDA)	46.34	48.38	42.64	604.66	103.22	80.12	0.00	161.06	65.61	10.06	28.98
Enterprise Value to EBIT (EV/EBIT)	60.99	62.26	58.16	0.00	452.00	422.09	0.00	266.61	77.69	10.73	32.90
Enterprise Value to NOPAT (EV/NOPAT)	53.44	63.20	203.49	0.00	643.17	600.49	0.00	0.00	110.92	11.02	22.89
Enterprise Value to Operating Cash Flow (EV/OCF)	24.83	9.64	34.07	6.16	4.92	9.37	38.59	29.44	34.01	3.05	11.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.55	0.49	0.45	0.00	0.00	0.00	0.00	0.29	24.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.88	1.69	1.59	1.57	1.35	1.19	7.11	6.11	5.98	0.77	5.82
Long-Term Debt to Equity	1.87	1.69	1.58	1.56	1.34	1.16	1.06	0.91	0.82	0.77	0.81
Financial Leverage	1.63	1.46	4.13	3.90	3.71	0.98	6.46	5.75	5.69	2.91	5.05
Leverage Ratio	8.00	8.19	8.23	7.90	7.62	7.71	8.09	7.09	6.97	6.46	6.57
Compound Leverage Factor	8.00	10.55	8.23	7.90	61.14	-7.93	8.09	7.09	-104.92	25.10	-6.02
Debt to Total Capital	65.31%	62.88%	61.32%	61.08%	57.50%	54.35%	87.68%	85.93%	85.67%	43.62%	85.34%
Short-Term Debt to Total Capital	0.48%	0.17%	0.32%	0.35%	0.38%	1.22%	74.67%	73.16%	73.96%	0.00%	73.51%
Long-Term Debt to Total Capital	64.83%	62.70%	61.00%	60.73%	57.12%	53.13%	13.01%	12.76%	11.71%	43.62%	11.83%
Preferred Equity to Total Capital	4.07%	4.49%	4.74%	5.31%	5.68%	6.18%	1.77%	1.82%	1.85%	7.62%	2.06%
Noncontrolling Interests to Total Capital	0.24%	0.26%	0.30%	0.28%	0.32%	0.36%	0.13%	0.13%	0.14%	0.49%	0.11%
Common Equity to Total Capital	30.38%	32.37%	33.64%	33.33%	36.50%	39.11%	10.42%	12.12%	12.34%	48.27%	12.49%
Debt to EBITDA	31.55	32.62	28.25	392.29	64.13	48.77	-220.50	143.19	59.09	5.39	26.63
Net Debt to EBITDA	29.21	30.36	26.03	357.07	57.27	43.67	-216.90	140.75	57.60	4.43	26.02
Long-Term Debt to EBITDA	31.32	32.53	28.10	390.06	63.71	47.68	-32.72	21.27	8.07	5.39	3.69
Debt to NOPAT	36.39	42.60	134.81	-52.74	399.63	365.52	-51.77	-57.03	99.90	5.91	21.03
Net Debt to NOPAT	33.68	39.66	124.23	-48.00	356.85	327.31	-50.92	-56.06	97.39	4.85	20.55
Long-Term Debt to NOPAT	36.12	42.49	134.11	-52.44	396.98	357.34	-7.68	-8.47	13.65	5.91	2.92
Noncontrolling Interest Sharing Ratio	13.22%	13.52%	14.14%	14.11%	14.00%	14.36%	15.12%	14.13%	13.86%	0.00%	12.88%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10,534	-8,877	54,307	55,513	56,111	-4,960	-12,316	-13,648	-9,733	55,169	-3.99
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-9.60	-7.71	44.66	49.40	50.97	-4.75	-11.77	-14.31	-12.18	83.11	-0.01
Operating Cash Flow to Interest Expense	-0.14	2.44	-1.38	0.42	1.54	0.36	1.79	1.19	-1.28	0.30	6.13
Operating Cash Flow Less CapEx to Interest Expense	-0.14	2.44	-1.38	0.42	1.54	0.36	1.79	1.19	-1.28	0.30	6.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.02	0.03
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	37,716	34,202	32,419	28,940	27,052	24,852	86,643	84,463	83,105	20,164	74,717
Invested Capital Turnover	0.02	0.02	0.01	0.00	0.00	0.01	0.00	0.01	0.02	0.04	0.03
Increase / (Decrease) in Invested Capital	10,664	9,350	-54,224	-55,522	-56,053	4,687	11,926	13,809	9,771	-55,790	218
Enterprise Value (EV)	36,171	31,899	30,007	27,247	25,035	22,189	84,522	81,632	79,048	16,404	69,397
Market Capitalization	11,746	10,258	10,055	9,538	9,522	8,468	8,148	8,646	7,993	7,550	5,476
Book Value per Share	$19.81	$19.75	$21.77	$19.27	$19.72	$19.43	$18.28	$20.73	$20.78	$20.80	$5.74
Tangible Book Value per Share	$19.80	$19.74	$21.75	$19.25	$19.70	$19.41	$18.25	$20.70	$20.74	$20.77	$5.73
Total Capital	37,716	34,202	32,419	28,940	27,052	24,852	86,643	84,463	83,105	20,164	74,717
Total Debt	24,632	21,505	19,879	17,678	15,555	13,506	75,966	72,575	71,196	8,795	63,766
Total Long-Term Debt	24,450	21,445	19,776	17,577	15,452	13,204	11,272	10,782	9,729	8,795	8,840
Net Debt	22,798	20,017	18,319	16,090	13,890	12,094	74,725	71,338	69,402	7,218	62,299
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	-407	119	179	0.00	878	266	488
Net Nonoperating Obligations (NNO)	24,632	21,505	19,879	17,678	15,555	13,506	75,966	72,575	71,196	8,795	63,766
Total Depreciation and Amortization (D&A)	78	21	64	24	37	62	39	49	74	47	30
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.81	$0.05	($0.09)	$0.85	($0.89)	($1.21)	$0.27	($1.79)	($2.23)	($0.70)
Adjusted Weighted Average Basic Shares Outstanding	587.15M	521.74M	515.73M	500.95M	500.61M	494.54M	494.33M	494.17M	489.69M	411.35M	429.86M
Adjusted Diluted Earnings per Share	$0.15	$0.81	$0.05	($0.09)	$0.85	($0.89)	($1.21)	$0.27	($1.79)	($2.23)	($0.70)
Adjusted Weighted Average Diluted Shares Outstanding	588.42M	522.75M	516.83M	500.95M	501.18M	494.54M	494.33M	494.36M	489.69M	411.62M	429.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.89)	$0.00	$0.00	$0.00	($2.23)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	605.09M	578.36M	560.55M	501.02M	500.44M	500.08M	500.09M	493.91M	493.88M	493.62M	467.87M
Normalized Net Operating Profit after Tax (NOPAT)	130	473	53	2.17	40	-273	-390	161	39	-621	214
Normalized NOPAT Margin	69.82%	112.85%	44.41%	4.52%	42.00%	-65.28%	0.00%	73.81%	40.18%	0.00%	62.56%
Pre Tax Income Margin	74.25%	115.34%	63.44%	6.46%	481.48%	-93.26%	0.00%	80.35%	-864.10%	0.00%	-81.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.13	0.33	0.06	0.00	0.05	0.36	-0.53	0.18	0.07	-0.34	0.76
NOPAT to Interest Expense	0.12	0.41	0.07	-0.01	0.05	-0.26	-0.37	0.17	0.05	-0.94	0.53
EBIT Less CapEx to Interest Expense	0.13	0.33	0.06	0.00	0.05	0.36	-0.53	0.18	0.07	-0.34	0.76
NOPAT Less CapEx to Interest Expense	0.12	0.41	0.07	-0.01	0.05	-0.26	-0.37	0.17	0.05	-0.94	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	228.20%	147.63%	984.01%	-286.04%	-429.96%	-92.63%	-75.01%	-88.30%	-142.09%	88.00%	46.95%
Augmented Payout Ratio	228.20%	147.63%	984.01%	-286.04%	-429.96%	-92.63%	-75.01%	-88.30%	-142.09%	88.00%	46.95%

Frequently Asked Questions About Annaly Capital Management's Financials

When does Annaly Capital Management's fiscal year end?

According to the most recent income statement we have on file, Annaly Capital Management's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Annaly Capital Management's net income changed over the last 9 years?

Annaly Capital Management's net income appears to be on a downward trend, with a most recent value of $1.01 billion in 2024, rising from $465.75 million in 2015. The previous period was -$1.64 billion in 2023. View Annaly Capital Management's forecast to see where analysts expect Annaly Capital Management to go next.

How has Annaly Capital Management revenue changed over the last 9 years?

Over the last 9 years, Annaly Capital Management's total revenue changed from $677.75 million in 2015 to $683.73 million in 2024, a change of 0.9%.

How much debt does Annaly Capital Management have?

Annaly Capital Management's total liabilities were at $90.86 billion at the end of 2024, a 11.0% increase from 2023, and a 43.6% increase since 2015.

How much cash does Annaly Capital Management have?

In the past 9 years, Annaly Capital Management's cash and equivalents has ranged from $706.59 million in 2017 to $1.92 billion in 2019, and is currently $1.49 billion as of their latest financial filing in 2024.

How has Annaly Capital Management's book value per share changed over the last 9 years?

Over the last 9 years, Annaly Capital Management's book value per share changed from 11.59 in 2015 to 19.75 in 2024, a change of 70.5%.

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This page (NYSE:NLY) was last updated on 5/29/2025 by MarketBeat.com Staff

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Annaly Capital Management (NLY) Financials

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