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. NLY has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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
- In the past year NLY was profitable.
- NLY had a positive operating cash flow in the past year.
- NLY had positive earnings in 4 of the past 5 years.
- NLY had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 1.07%, NLY belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
- The Return On Equity of NLY (9.00%) is better than 94.29% of its industry peers.
- NLY has a better Return On Invested Capital (0.98%) than 81.43% of its industry peers.
| 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 better Profit Margin (20.91%) than 88.57% of its industry peers.
- NLY's Profit Margin has declined in the last couple of years.
- NLY's Operating Margin of 23.66% is amongst the best of the industry. NLY outperforms 85.71% of its industry peers.
- In the last couple of years the Operating Margin of NLY has declined.
- NLY has a Gross Margin of 26.66%. This is comparable to the rest of the industry: NLY outperforms 48.57% of its industry peers.
- In the last couple of years the Gross Margin of NLY has declined.
| 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
- NLY has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for NLY has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of -0.71, we must say that NLY is in the distress zone and has some risk of bankruptcy.
- NLY has a worse Altman-Z score (-0.71) than 75.71% of its industry peers.
- The Debt to FCF ratio of NLY is 53.91, which is on the high side as it means it would take NLY, 53.91 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 53.91, NLY is doing good in the industry, outperforming 78.57% of the companies in the same industry.
- 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
- A Current Ratio of 0.04 indicates that NLY may have some problems paying its short term obligations.
- With a Current 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.
- A Quick Ratio of 0.04 indicates that NLY may have some problems paying its short term obligations.
- The Quick ratio of NLY (0.04) is worse than 85.71% of its industry peers.
| 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.
- The Revenue has grown by 22.06% in the past year. This is a very strong growth!
- 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
- The Earnings Per Share is expected to grow by 0.96% on average over the next years.
- The Revenue is expected to grow by 14.58% on average over the next years. This is quite good.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- 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
- With a Price/Earnings ratio of 7.90, the valuation of NLY can be described as very cheap.
- 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.
- Based on the Price/Forward Earnings ratio of 7.66, the valuation of NLY can be described as very cheap.
- 74.29% of the companies in the same industry are more expensive than NLY, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 27.96. NLY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.9 | ||
| Fwd PE | 7.66 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NLY is valued cheaper than 94.29% of the companies 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 NLY does not grow enough to justify the current Price/Earnings ratio.
- NLY has a very decent profitability rating, which 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 8.98%, NLY is a good candidate for dividend investing.
- NLY's Dividend Yield is comparable with the industry average which is at 10.80.
- NLY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.98% |
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
- 131.25% of the earnings are spent on dividend by NLY. 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 Cap16.31B
Revenue(TTM)7.13B
Net Income(TTM)1.34B
Analysts78.82
Price Target24.68 (6.98%)
Short Float %1.76%
Short Ratio1.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.98% |
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.