Dynex Capital, Inc. (DX) Earnings History
Turnaround36 years of earnings data (1990–2025) · Recovering earnings after a multi-year decline
Loading earnings history...
Dynex Capital, Inc. (DX) Earnings Overview
As of July 7, 2026, Dynex Capital, Inc. (DX) reported trailing twelve-month net income of $242M, reflecting +65.8% year-over-year growth. The company earned $1.21 per diluted share over the past four quarters, with a net profit margin of 59.8%.
Looking at the long-term picture, DX's 5-year EPS compound annual growth rate (CAGR) stands at -18.6%, signaling declining earnings. The company achieved its highest annual net income of $319M in fiscal 2025, representing a new all-time high.
Dynex Capital, Inc. maintains industry-leading profitability with a gross margin of 100.0%, operating margin of 138.4%, and net margin of 59.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AGNC ($1.47B net income, 87.3% margin), NLY ($2.19B net income, 30.3% margin), TWO (-$343M net income, -75.0% margin), DX has room to improve margins relative to the peer group. Compare DX vs AGNC →
DX Earnings vs Peers
Earnings metrics vs comparable public companies
DX Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $319M | +180.1% | $738M | $2.47 | 59.8% | 138.4% |
| 2024 | $114M | +1958.0% | $428M | $1.49 | 35.8% | 134.4% |
| 2023 | -$6M | -104.3% | $209M | $-0.25 | -4.6% | 157.9% |
| 2022 | $143M | +40.0% | $187M | $3.17 | - | - |
| 2021 | $102M | -42.4% | $108M | $2.78 | 153.2% | 161.7% |
| 2020 | $178M | +216.3% | $210M | $6.93 | 76.4% | 90.5% |
| 2019 | -$153M | -2273.8% | -$153M | $-7.01 | -92.9% | -92.9% |
| 2018 | $7M | -79.3% | $7M | $-0.25 | 8.4% | 8.4% |
| 2017 | $34M | -21.4% | $34M | $1.38 | 39.4% | 39.5% |
| 2016 | $43M | +160.5% | $42M | $2.07 | 52.5% | 51.3% |
| 2015 | $17M | -40.5% | $16M | $0.42 | 29.5% | 28.1% |
| 2014 | $28M | -59.2% | $35M | $1.02 | 22.8% | 28.7% |
| 2013 | $68M | -8.1% | $67M | $3.30 | 56.8% | 56.2% |
| 2012 | $74M | +86.0% | $74M | $4.05 | 60.7% | 60.5% |
| 2011 | $40M | +35.1% | $50M | $3.09 | 54.0% | 67.6% |
| 2010 | $29M | +67.6% | $27M | $4.23 | 57.0% | 53.1% |
| 2009 | $18M | +16.3% | $17M | $3.06 | 44.6% | 44.2% |
| 2008 | $15M | +69.9% | $13M | $2.73 | 47.3% | 41.9% |
| 2007 | $9M | +81.3% | $8M | $1.20 | 28.9% | 26.0% |
| 2006 | $5M | -48.8% | $6M | $0.21 | 9.7% | 12.6% |
| 2005 | $10M | +384.0% | $340,000 | $1.05 | 12.9% | 0.5% |
| 2004 | -$3M | +84.0% | -$3M | $-1.38 | -2.8% | -2.4% |
| 2003 | -$21M | -42.2% | $0 | $-5.82 | -51.5% | 0.0% |
| 2002 | -$15M | -381.2% | $112M | $-5.22 | -64.8% | 490.5% |
| 2001 | -$3M | +96.6% | $172M | $-3.54 | -7.7% | 429.2% |
| 2000 | -$92M | -22.3% | $168M | $-27.45 | -291.7% | 533.0% |
| 1999 | -$75M | -485.3% | $0 | $-23.01 | -102.2% | 0.0% |
| 1998 | $20M | -73.6% | $0 | $6.84 | 24.9% | 0.0% |
| 1997 | $74M | +1.4% | $0 | $16.44 | 70.8% | 0.0% |
| 1996 | $73M | +97.8% | $310M | $17.76 | 77.8% | 330.7% |
| 1995 | $37M | -26.1% | $248M | $10.20 | 67.0% | 450.8% |
| 1994 | $50M | -7.8% | $231M | $15.84 | 67.8% | 313.5% |
| 1993 | $54M | +41.6% | $0 | $16.79 | 75.3% | 0.0% |
| 1992 | $38M | +76.9% | $0 | $13.88 | 63.6% | 0.0% |
| 1991 | $22M | +68.8% | $149M | $9.57 | 63.0% | 433.5% |
| 1990 | $13M | - | -$90M | $5.68 | 60.7% | -424.6% |
Download Data
Export DX earnings history in CSV or JSON format
Free sign-in required to download data
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
DX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
What is DX earnings per share (EPS)?
DX trailing twelve-month (TTM) diluted EPS is $1.21, reflecting +65.8% year-over-year growth. The 5-year EPS CAGR is -18.6%. Complete EPS history from 1990 to 2025 is available in the table on this page.
What is Dynex Capital, Inc.'s net income?
Dynex Capital, Inc. (DX) trailing twelve-month net income is $242M as of 2025. Earnings grew +65.8% year-over-year. Dynex Capital, Inc. has been profitable for 2 consecutive years.
Is DX profitable?
Yes, DX is profitable with a TTM net income of $242M and a net profit margin of +59.8%. Dynex Capital, Inc. has generated profits for 2 consecutive years.
What is DX's earnings growth rate?
DX compound annual EPS growth rates (CAGR): 1-Year: +65.8%, 3-Year: -8.0%, 5-Year: -18.6%, 10-Year: +19.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2025.
What are DX's profit margins?
Dynex Capital, Inc. net profit margin is +59.8%, operating margin is +138.4%, and gross margin is +100.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +17.5%.
Is DX growing earnings?
Yes, DX earnings are accelerating — EPS growth of +65.8% exceeds the 5-year CAGR of -18.6%. TTM net income reached $242M. Earnings momentum is strengthening.
What was DX's best earnings year?
Dynex Capital, Inc.'s highest annual net income on record is $319M, achieved in fiscal year 2025. Earnings history on this page spans 1990 to 2025 and includes all annual and quarterly figures.
What were DX's earnings last quarter?
DX's most recent reported quarter was Q1 2026. Net income was $-80M with diluted EPS of $-0.41. For a full breakdown of all quarters, see the quarterly earnings table on this page.