# Dynex Capital share price today (Dynex Capital, Inc., DX)

> Dynex Capital, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DX · Real Estate · REIT - Mortgage · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/dx

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $10.40 (−21.5% in a year)
- P/E: 4.6×, over 4.6 years
- Revenue (Sep 2026): −$323 M (−298.9% on a year ago)
- Profit (Sep 2026): −$338 M (−329.3% on a year ago)
- Operating margin: 103.9% (+11.3 points on a year ago)
- ROE: 13%, FY25
- Profit that came in as cash: 48%, last 3 years

The main question: yearly earnings per share moved +65.8% while the share price moved −21.5%. ## What is the Dynex Capital share price today? Dynex Capital, Inc.'s share price was $10.40 at the close on 3 November 2026. It has been falling for 3 weeks. That is 19.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $15, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 37 weeks running. Over the last 10 years the share price moved −48% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 20 February 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Dynex Capital pay? Dynex Capital, Inc. paid $2.04 per share over the last four reported quarters. The most recent declaration was $0.51 for Sep 2026. At today's price of $10.40 that is a yield of 19.62%, based on dividends already paid, not a forecast. ## Which stock lists is Dynex Capital on? Dynex Capital is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Dynex Capital profitable? Dynex Capital, Inc. posted a net loss of $338 M in the Sep 2026 quarter. Full-year FY25 profit was $309 M. Over 4 years profit has grown 35.8% a year on average. That loss is 104.8% of the quarter's revenue. The same quarter a year earlier earned $148 M. 5 of the last 12 reported quarters were loss-making. Sep 2026 profit was −$338 M, −329.3% on a year earlier. For the full year, FY25 profit was $309 M (+190.8% on the year before). ## How much revenue does Dynex Capital make, and is it growing? Dynex Capital, Inc. reported −$323 M of revenue in the Sep 2026 quarter, −298.9% on the same quarter a year earlier. Over 4 years it has grown 30.7% a year on average. The last full year, FY25, came in at $372 M. The last four reported quarters add to $17.0 M. FY25 revenue was $372 M, +147.4% on the year before. Recent pace: the last four quarters grew −272.6% on average, against 30.7% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −92.6%, against −62.9% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Dynex Capital keep? Dynex Capital, Inc.'s operating margin was 103.9% in the Sep 2026 quarter, 11.3 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −22.9% and 85.7%. The latest quarter is above every full year in that period. Across 5 years it has been between −22.9% and 85.7%, and FY25's 85.7% is the highest of them. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Dynex Capital's profit turning into cash? Over the last 3 years, 48% of Dynex Capital, Inc.'s reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $121 M of operating cash against $309 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Dynex Capital's cash go? Dynex Capital, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Dynex Capital's P/E ratio, and how does it compare with its own history? Dynex Capital, Inc.'s P/E is 4.6×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +65.8% while the price moved −21.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −2.0% a year; about +4.2% a year came from earnings growth and about −6.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Dynex Capital business getting better or worse? Dynex Capital, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 1.7%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does Dynex Capital earn on its capital? Dynex Capital, Inc. earned a ROE of 13% in FY25. That is up from a low of −2% in FY23. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 83.0% net margin and 0.02× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 83.0% net margin × 0.02× asset turnover × 7.04× leverage (assets divided by equity) ≈ 11.7% on equity. The margin does most of the work; borrowing is a big part of it. ## Does Dynex Capital have too much debt? Dynex Capital, Inc. has total debt of $24.3 B against shareholder equity of $3.1 B as of Sep 2026, so its debt is 7.96× its equity. Year by year, that ratio went from 3.70 in FY21 to 5.65 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Dynex Capital shareholding pattern? 6.6% of Dynex Capital, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Dynex Capital from balance-sheet trouble? For Dynex Capital, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Dynex Capital rank in its industry? There is no score against its industry: Dynex Capital, Inc. is not among the largest members shown in this industry comparison for REIT - Mortgage. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Dynex Capital compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Dynex Capital in size? Dynex Capital is the 5th largest of 29 REIT - Mortgage companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: AGNC Investment Corp., Rithm Capital Corp. and Starwood Property Trust, Inc. Just below it: Blackstone Mortgage Trust, Inc., ARMOUR Residential REIT, Inc. and Ellington Financial Inc. ### REIT - Mortgage companies close in size

1. [AGNC Investment Corp.](https://www.sectoralpha.in/us/stocks/agnc) $10.9 billion
2. [Rithm Capital Corp.](https://www.sectoralpha.in/us/stocks/ritm) $5.1 billion
3. [Starwood Property Trust, Inc.](https://www.sectoralpha.in/us/stocks/stwd) $4.6 billion
4. Dynex Capital, Inc. $2.7 billion
5. [Blackstone Mortgage Trust, Inc.](https://www.sectoralpha.in/us/stocks/bxmt) $1.9 billion
6. [ARMOUR Residential REIT, Inc.](https://www.sectoralpha.in/us/stocks/arr) $1.8 billion
7. [Ellington Financial Inc.](https://www.sectoralpha.in/us/stocks/efc) $1.5 billion

[All 29 REIT - Mortgage companies, largest first](https://www.sectoralpha.in/us/sectors/reit-mortgage#all-companies)

### Companies close in size in other industries

1. [Boise Cascade Company](https://www.sectoralpha.in/us/stocks/bcc) $2.8 billion · Lumber & Wood Production
2. [Talos Energy Inc.](https://www.sectoralpha.in/us/stocks/talo) $2.7 billion · Oil & Gas Exploration & Production
3. Dynex Capital, Inc. $2.7 billion
4. [People Incorporated](https://www.sectoralpha.in/us/stocks/ppli) $2.7 billion · Internet Content & Information
5. [Kohl's Corporation](https://www.sectoralpha.in/us/stocks/kss) $2.7 billion · Department Stores

## What else do people ask about Dynex Capital? ### What were Dynex Capital's latest quarterly results? Dynex Capital, Inc. reported revenue of −$323 M and a net loss of $338 M for the Sep 2026 quarter. Revenue fell 298.9% and profit fell 329.3% compared with a year earlier. Earnings per share were −$1.34. The operating margin was 103.9%, 11.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Dynex Capital's market cap? Dynex Capital, Inc.'s market capitalisation is $2.7 B at a stock price of $10.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Dynex Capital performing? Dynex Capital, Inc.'s share price has been falling for 3 weeks. In its latest quarter, revenue fell 298.9% and profit fell 329.3% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 37 weeks running (as of 3 November 2026). ### Will Dynex Capital's stock price go up? This page does not forecast Dynex Capital, Inc.'s stock price. What it shows instead: the stock price is $10.40, and it has been falling for 3 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Dynex Capital in its business cycle? Dynex Capital, Inc.'s FY25 operating margin was 85.7%, against a 5-year range of −22.9% to 85.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 103.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Dynex Capital story? The main question: yearly earnings per share moved +65.8% while the share price moved −21.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Dynex Capital a stock worth studying right now? What the numbers show: Dynex Capital, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.