ANNALY CAPITAL MANAGEMENT IN (NLY) Stock Fundamental Analysis
NYSE:NLY • US0357108390
23.07 USD
+0.14 (+0.61%)
At close: Feb 13, 2026
23.09 USD
+0.02 (+0.09%)
After Hours: 2/13/2026, 8:04:00 PM
Taking everything into account, NLY scores 5 out of 10 in our fundamental rating. NLY was compared to 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While NLY is still in line with the averages on profitability rating, there are concerns on its financial health. NLY has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!
1. Profitability
1.1 Basic Checks
- NLY had positive earnings in the past year.
- NLY had a positive operating cash flow in the past year.
- Of the past 5 years NLY 4 years were profitable.
- Of the past 5 years NLY 4 years had a positive operating cash flow.
1.2 Ratios
- NLY has a Return On Assets of 1.07%. This is amongst the best in the industry. NLY outperforms 84.29% of its industry peers.
- Looking at the Return On Equity, with a value of 9.00%, NLY belongs to the top of the industry, outperforming 94.29% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 0.98%, NLY belongs to the top of the industry, outperforming 81.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9% | ||
| ROIC | 0.98% |
ROA(3y)0.09%
ROA(5y)1.05%
ROE(3y)0.83%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- NLY has a Profit Margin of 20.91%. This is amongst the best in the industry. NLY outperforms 88.57% of its industry peers.
- NLY's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 23.66%, NLY belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- NLY's Operating Margin has declined in the last couple of years.
- NLY's Gross Margin of 26.66% is in line compared to the rest of the industry. NLY outperforms 48.57% of its industry peers.
- NLY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.66% | ||
| PM (TTM) | 20.91% | ||
| GM | 26.66% |
OM growth 3Y-19.76%
OM growth 5YN/A
PM growth 3Y-19.07%
PM growth 5YN/A
GM growth 3Y-19.28%
GM growth 5YN/A
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NLY is destroying value.
- Compared to 1 year ago, NLY has more shares outstanding
- Compared to 5 years ago, NLY has more shares outstanding
- Compared to 1 year ago, NLY has an improved debt to assets ratio.
2.2 Solvency
- NLY has an Altman-Z score of -0.71. This is a bad value and indicates that NLY is not financially healthy and even has some risk of bankruptcy.
- NLY has a Altman-Z score of -0.71. This is in the lower half of the industry: NLY underperforms 75.71% of its industry peers.
- NLY has a debt to FCF ratio of 53.91. This is a negative value and a sign of low solvency as NLY would need 53.91 years to pay back of all of its debts.
- The Debt to FCF ratio of NLY (53.91) is better than 78.57% of its industry peers.
- NLY has a Debt/Equity ratio of 7.18. This is a high value indicating a heavy dependency on external financing.
- NLY has a Debt to Equity ratio (7.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.18 | ||
| Debt/FCF | 53.91 | ||
| Altman-Z | -0.71 |
ROIC/WACC0.19
WACC5.09%
2.3 Liquidity
- NLY has a Current Ratio of 0.04. This is a bad value and indicates that NLY is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.04, NLY is doing worse than 85.71% of the companies in the same industry.
- A Quick Ratio of 0.04 indicates that NLY may have some problems paying its short term obligations.
- With a Quick ratio value of 0.04, NLY is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
- NLY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.15%, which is quite good.
- Measured over the past years, NLY shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.87% on average per year.
- NLY shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.06%.
- Measured over the past years, NLY shows a very strong growth in Revenue. The Revenue has been growing by 82.65% on average per year.
EPS 1Y (TTM)8.15%
EPS 3Y-11.9%
EPS 5Y-7.87%
EPS Q2Q%2.78%
Revenue 1Y (TTM)22.06%
Revenue growth 3Y29.74%
Revenue growth 5Y82.65%
Sales Q2Q%26.28%
3.2 Future
- NLY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.96% yearly.
- NLY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.58% yearly.
EPS Next Y3.08%
EPS Next 2Y0.82%
EPS Next 3Y0.96%
EPS Next 5YN/A
Revenue Next Year15.65%
Revenue Next 2Y8.95%
Revenue Next 3Y14.58%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 7.90, which indicates a rather cheap valuation of NLY.
- Based on the Price/Earnings ratio, NLY is valued cheaply inside the industry as 81.43% of the companies are valued more expensively.
- NLY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.97.
- With a Price/Forward Earnings ratio of 7.66, the valuation of NLY can be described as very cheap.
- Based on the Price/Forward Earnings ratio, NLY is valued a bit cheaper than 74.29% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.96, NLY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.9 | ||
| Fwd PE | 7.66 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NLY indicates a rather cheap valuation: NLY is cheaper than 94.29% of the companies listed in the same industry.
- 87.14% of the companies in the same industry are more expensive than NLY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.94 | ||
| EV/EBITDA | 27.91 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of NLY may justify a higher PE ratio.
PEG (NY)2.57
PEG (5Y)N/A
EPS Next 2Y0.82%
EPS Next 3Y0.96%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 12.18%, NLY is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 12.46, NLY has a dividend in line with its industry peers.
- NLY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.18% |
5.2 History
- The dividend of NLY decreases each year by -10.87%.
- NLY has paid a dividend for at least 10 years, which is a reliable track record.
- NLY has decreased its dividend recently.
Dividend Growth(5Y)-10.87%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- NLY pays out 131.25% of its income as dividend. This is not a sustainable payout ratio.
DP131.25%
EPS Next 2Y0.82%
EPS Next 3Y0.96%
23.07
+0.14 (+0.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)01-28 2026-01-28/amc
Earnings (Next)04-28 2026-04-28/amc
Inst Owners61.11%
Inst Owner Change-0.38%
Ins Owners0.08%
Ins Owner Change-0.84%
Market Cap15.76B
Revenue(TTM)7.13B
Net Income(TTM)1.34B
Analysts76.47
Price Target24.68 (6.98%)
Short Float %1.76%
Short Ratio1.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.18% |
Yearly Dividend2.77
Dividend Growth(5Y)-10.87%
DP131.25%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.48%
Min EPS beat(2)0.2%
Max EPS beat(2)0.77%
EPS beat(4)4
Avg EPS beat(4)2.47%
Min EPS beat(4)0.2%
Max EPS beat(4)6.77%
EPS beat(8)6
Avg EPS beat(8)1.72%
EPS beat(12)7
Avg EPS beat(12)0.77%
EPS beat(16)11
Avg EPS beat(16)3.53%
Revenue beat(2)2
Avg Revenue beat(2)8.76%
Min Revenue beat(2)7.74%
Max Revenue beat(2)9.78%
Revenue beat(4)4
Avg Revenue beat(4)5.69%
Min Revenue beat(4)0.08%
Max Revenue beat(4)9.78%
Revenue beat(8)7
Avg Revenue beat(8)5.14%
Revenue beat(12)9
Avg Revenue beat(12)-6.16%
Revenue beat(16)12
Avg Revenue beat(16)23.84%
PT rev (1m)9.13%
PT rev (3m)11.15%
EPS NQ rev (1m)0.93%
EPS NQ rev (3m)1.68%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)6.97%
Revenue NY rev (3m)10.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.9 | ||
| Fwd PE | 7.66 | ||
| P/S | 2.46 | ||
| P/FCF | 7.94 | ||
| P/OCF | 5.52 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 27.91 |
EPS(TTM)2.92
EY12.66%
EPS(NY)3.01
Fwd EY13.05%
FCF(TTM)2.91
FCFY12.6%
OCF(TTM)4.18
OCFY18.13%
SpS9.4
BVpS21.83
TBVpS21.82
PEG (NY)2.57
PEG (5Y)N/A
Graham Number37.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9% | ||
| ROCE | 3.36% | ||
| ROIC | 0.98% | ||
| ROICexc | 1% | ||
| ROICexgc | 1% | ||
| OM | 23.66% | ||
| PM (TTM) | 20.91% | ||
| GM | 26.66% | ||
| FCFM | 30.94% |
ROA(3y)0.09%
ROA(5y)1.05%
ROE(3y)0.83%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-12.29%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.2%
ROICexc growth 5YN/A
OM growth 3Y-19.76%
OM growth 5YN/A
PM growth 3Y-19.07%
PM growth 5YN/A
GM growth 3Y-19.28%
GM growth 5YN/A
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.18 | ||
| Debt/FCF | 53.91 | ||
| Debt/EBITDA | 68.98 | ||
| Cap/Depr | 2620.45% | ||
| Cap/Sales | 13.58% | ||
| Interest Coverage | 0.44 | ||
| Cash Conversion | 184.16% | ||
| Profit Quality | 147.99% | ||
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 | ||
| Altman-Z | -0.71 |
F-Score6
WACC5.09%
ROIC/WACC0.19
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.15%
EPS 3Y-11.9%
EPS 5Y-7.87%
EPS Q2Q%2.78%
EPS Next Y3.08%
EPS Next 2Y0.82%
EPS Next 3Y0.96%
EPS Next 5YN/A
Revenue 1Y (TTM)22.06%
Revenue growth 3Y29.74%
Revenue growth 5Y82.65%
Sales Q2Q%26.28%
Revenue Next Year15.65%
Revenue Next 2Y8.95%
Revenue Next 3Y14.58%
Revenue Next 5YN/A
EBIT growth 1Y885.5%
EBIT growth 3Y4.11%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y995.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y224.52%
OCF growth 3YN/A
OCF growth 5YN/A
ANNALY CAPITAL MANAGEMENT IN / NLY FAQ
What is the ChartMill fundamental rating of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?
ChartMill assigns a fundamental rating of 5 / 10 to NLY.
What is the valuation status of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?
ChartMill assigns a valuation rating of 8 / 10 to ANNALY CAPITAL MANAGEMENT IN (NLY). This can be considered as Undervalued.
Can you provide the profitability details for ANNALY CAPITAL MANAGEMENT IN?
ANNALY CAPITAL MANAGEMENT IN (NLY) has a profitability rating of 6 / 10.
What is the valuation of ANNALY CAPITAL MANAGEMENT IN based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ANNALY CAPITAL MANAGEMENT IN (NLY) is 7.9 and the Price/Book (PB) ratio is 1.06.
What is the financial health of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?
The financial health rating of ANNALY CAPITAL MANAGEMENT IN (NLY) is 2 / 10.