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    D

    Dynex Capital Inc (DX)

    Official site

    REAL ESTATE • REIT - MORTGAGE • NYSE

    $10.68
    -0.08 (-0.70%)

    Market Cap: $2.79B

    Last updated: Nov 06, 2026 at 4:43 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    53%(21/40)
    Avg Surprise
    -9.03%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$0.43
    Range$0.41 - $0.47
    5 analysts
    Revenue Consensus
    $101M
    Range$101M - $101M
    1 analysts
    Period ending Mar 31, 2027
    EPS Consensus$0.39
    Range$0.36 - $0.47
    5 analysts
    EPS Revisions
    2
    0
    7d
    2
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.37+5.2%
    60d ago$0.37+5.2%
    30d ago$0.37+5.2%
    7d ago$0.36+8.5%
    Current$0.39
    Revenue Consensus
    $130M
    Range$114M - $142M
    3 analysts
    Last 12 of 40 reported quarters and 2 upcoming estimates
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Mar 27EST
    -$0.39$0.36 - $0.47--5
    2
    0
    30d
    -
    Dec 26EST
    -$0.43$0.41 - $0.47--5--
    Sep 26
    Reported Oct 19
    $0.38$0.37$0.37 - $0.37+2.70%Beat4
    2
    0
    30d
    +52.0%
    Jun 26
    Reported Jul 20
    $0.36$0.34$0.32 - $0.41+5.88%Beat4
    2
    0
    30d
    +63.6%
    Mar 26
    Reported Apr 20
    $0.31$0.28$0.23 - $0.31+10.71%Beat4
    0
    1
    30d
    +47.6%
    Dec 25
    Reported Jan 26
    $0.22$0.27$0.24 - $0.30-18.52%Miss4
    0
    1
    30d
    +120.0%
    Sep 25
    Reported Oct 20
    $0.25$0.26$0.22 - $0.34-3.85%Miss4
    0
    1
    30d
    +350.0%
    Jun 25
    Reported Jul 21
    $0.22$0.33$0.21 - $0.49-33.33%Miss5
    No revisions (30d)
    +283.3%
    Mar 25
    Reported Apr 21
    $0.21$0.37$0.19 - $0.53-43.24%Miss5
    1
    0
    30d
    +170.0%
    Dec 24
    Reported Jan 27
    $0.10$0.04$-0.09 - $0.10+150.00%Beat4
    No revisions (30d)
    +141.7%
    Sep 24
    Reported Oct 21
    $-0.10$-0.10$-0.12 - $0.22+0.00%Beat5
    No revisions (30d)
    +64.3%
    Jun 24
    Reported Jul 22
    $-0.12$-0.20$-0.31 - $-0.12+40.00%Beat5
    0
    1
    30d
    +55.6%
    Mar 24
    Reported Apr 22
    $-0.30$-0.08$-0.24 - $0.21-275.00%Miss5
    1
    1
    30d
    -87.5%
    Dec 23
    Reported Jan 29
    $-0.24$-0.20$-0.30 - $-0.13-20.00%Miss4
    No revisions (30d)
    -900.0%

    Dividends

    Last ex-dividend: Oct 22, 2026

    Dividend Metrics

    Forward Yield19.11%
    Forward Annual Dividend$2.04
    Payout Ratio205.73%
    FrequencyMonthly
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+8.27%
    5Y CAGR+3.59%

    Key Metrics

    Valuation
    P/E Ratio8.41EV/EBITDA43.81x
    Price/FCF10.77xFCF Yield9.29%
    Profitability
    Profit Margin-293.50%Operating Margin103.90%
    ROE-1.99%ROIC2.21%
    Financial Health
    Debt/Equity7.93xInterest Coverage1.02x
    Current Ratio0.04xQuick Ratio0.04x
    Trading Statistics
    Beta0.98Avg Volume7.13M
    52-Week High$13.2452-Week Low$10.15

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$10.75
    SMA 20$10.77
    SMA 50$11.30
    SMA 200$12.21
    EMA 10$10.73
    EMA 20$10.81
    EMA 50$11.19
    EMA 200$11.94

    MACD

    Line: -0.14Signal: -0.17Hist: 0.03

    ADX

    ADX: 27.5+DI: 17.9-DI: 22.1

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down44.0
    PSAR$11.19

    Bollinger Bands

    Upper Band$11.11
    Lower Band$10.42
    %B Position645%(Upper)
    Band Width0.37

    RSI (14-Day)

    Neutral
    44.5

    Momentum Oscillators

    Stoch %K49.6
    Stoch %D41.1
    Williams %R-62.1
    ROC (10d)-2.2%
    Momentum-0.24
    CCI (20d)-61.4
    MFI (14d)42.1

    Volatility Measures

    ATR (14d)$0.35(3.3%)
    StdDev (20d)0.17
    Hist Vol31.8%(Moderate)

    Volume Flow

    VWAP$10.70
    OBV7.9M
    AD Line-13.2B
    CMF (20d)-0.581

    Volume Metrics

    Avg Vol (20d)7.0M
    Vol Ratio0.8x
    VWMA (20d)$10.76

    Pivot Points

    R3$11.53
    R2$11.30
    R1$11.03
    Pivot Point$10.80
    S1$10.52
    S2$10.30
    S3$10.02

    Advanced Oscillators

    TSI-13.95
    Ultimate Osc40.6
    KST-39.28

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$332.50M$302.75M$257.39M$177.04M$149.68M$111.75M$95.06M$88.50M$83.46M$74.55M$71.53M$71.19M
    Cost of Revenue$230.94M$208.97MN/A$126.30M$119.07M$8.01M$7.92M$11.74M$4.97M$601,000$3.19M$62.85M
    Gross Profit$101.56M$93.78M$257.39M$177.04M$149.68M$111.75M$95.06M$88.50M$83.46M$74.55M$71.53M$71.19M
    Operating Expenses$12.59M$16.21M$20.48M$-141,874,000$-119,777,000$36.73M$20.21M$-44,199,000$-30,103,000$8.09M$-43,310,000$-26,581,000
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$11.06M$15.21M$20.48M$5.10M$4.14M$3.90M$3.85M$3.29M$3.74M$6.64M$3.70M$3.33M
    Operating Income$88.97M$77.57M$236.91M$318.91M$269.46M$75.01M$74.85M$132.69M$113.56M$66.46M$114.83M$97.77M
    Interest Income$332.50M$302.75M$257.39M$177.04M$149.68M$111.75M$95.06M$88.50M$83.46M$76.05M$71.53M$71.19M
    Interest Expense$230.94M$208.97M$178.14M$133.55M$119.07M$88.62M$77.93M$81.61M$82.56M$74.77M$74.72M$73.47M
    Income Before Tax$-335,536,000$180.79M$-80,362,000$185.36M$150.39M$-13,606,000$-3,076,000$51.09M$31.00M$-8,304,000$40.12M$24.30M
    Income Tax Expense$0$0$0$0$0$0$0$0$0$-1$-3,192,000$-1,000
    Net Income$-335,536,000$180.79M$-80,362,000$185.36M$150.39M$-13,606,000$-3,076,000$51.09M$31.00M$-8,304,000$40.12M$24.30M
    EBITDA$88.97M$78.17M$104.27M$319.45M$270.00M$75.53M$75.35M$133.20M$113.99M$66.89M$115.34M$98.35M
    EBITN/A$77.57M$97.77M$318.91M$269.46M$75.01M$74.85M$132.69M$113.56M$66.46M$114.83M$97.77M
    * Some calculated fields are derived from available data when not provided by source

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    DX Valuation and Fair Value

    P/E
    8.4x
    Forward P/E
    5.3x
    EV/EBITDA
    43.8x
    P/FCF
    10.8x
    PEG
    0.7x
    P/B
    0.9x
    See GNG's fair value

    DX Profitability: Margins, ROIC and FCF

    Gross margin
    58.9%
    Operating margin
    103.9%
    Net margin
    -293.5%
    ROIC
    2.2%
    ROE
    -2.0%
    FCF margin
    23.3%
    FCF yield
    9.3%

    DX Analyst Ratings

    Consensus
    Buy
    Analysts
    6
    Strong Buy
    1
    Buy
    3
    Hold
    2
    Sell
    0
    Strong Sell
    0

    DX Bull Case vs Bear Case

    Bull case

    • DX converts 23.3% of revenue into free cash flow.
    • DX grew quarterly revenue 234.8% year over year.
    • 66.7% of DX's analyst ratings are Buy or Strong Buy.

    Bear case

    • DX has a -293.5% net profit margin.
    • DX has a debt-to-equity ratio of 7.9x.

    DX Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    8.8%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $0.43

    DX Dividend

    Forward yield
    19.1%
    Payout ratio
    205.7%
    3Y DPS growth
    8.3%
    5Y DPS growth
    3.6%
    Pay months
    Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
    DX dividend history

    DX Earnings Date

    DX reports Jan 25, 2027. The date is confirmed.

    DX Earnings Call

    The latest DX earnings call transcript on file is labeled 2026Q3.

    Read the 2026Q3 transcript

    See insider activity

    Frequently Asked Questions About DX

    When is DX's next ex-dividend date?

    DX has not declared its next regular ex-dividend date yet. Its last ex-dividend date was Oct 22, 2026 ($0.17 per share). Over the last 12 months, DX went ex-dividend in Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct and Nov.

    When does DX report earnings?

    Dynex Capital Inc (DX) is confirmed to report earnings on Jan 25, 2027.

    What is DX's current dividend yield?

    Dynex Capital Inc (DX) has a forward dividend yield of 19.11%.

    Does DX pay dividends?

    Yes, Dynex Capital Inc pays dividends with a forward dividend yield of 19.11%.

    What is DX's P/E ratio?

    Dynex Capital Inc has a price-to-earnings (P/E) ratio of 8.41.

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