NLY
Annaly Capital Management, Inc.
NYSE: NLY · REAL ESTATE · REIT - MORTGAGE
$22.54
-1.27% today
Updated 2026-04-29
Market cap
$16.46B
P/E ratio
7.27
P/S ratio
6.58x
EPS (TTM)
$3.10
Dividend yield
12.30%
52W range
$16 – $24
Volume
7.4M
Annaly Capital Management, Inc. (NLY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $2.42B | $3.17B | $2.34B | $2.22B | $3.04B | $2.93B | $2.38B | $943.75M | $1.39B | $1.99B | $2.35B | $2.08B | $1.81B | $1.48B | $751.40M | $4.15B | $-1.65B | $6.36B | $6.70B |
| Revenue growth (YoY) | — | +92.7% | +31.0% | -26.0% | -5.3% | +37.1% | -3.7% | -18.9% | -60.3% | +46.9% | +43.7% | +18.0% | -11.5% | -12.7% | -18.2% | -49.4% | +452.3% | -139.8% | +484.8% | +5.4% |
| Cost of revenue | $1.59M | $1.38M | $4.13M | $4.63M | $3.20M | $2.30M | $8.16M | $5.23M | $9.19M | $39.94M | $69.52M | $53.10M | $36.20M | $47.40M | $45.40M | $49.27M | $41.01M | $24.81M | $60.71M | $5.38M |
| Gross profit | $1.25B | $2.42B | $3.16B | $2.34B | $2.22B | $3.04B | $2.92B | $2.37B | $934.56M | $1.35B | $1.92B | $2.30B | $2.04B | $1.77B | $1.44B | $702.13M | $4.11B | $-1.65B | $6.29B | $6.69B |
| Gross margin | 99.9% | 99.9% | 99.9% | 99.8% | 99.9% | 99.9% | 99.7% | 99.8% | 99.0% | 97.1% | 96.5% | 97.7% | 98.3% | 97.4% | 96.9% | 93.4% | 99.0% | 100.0% | 99.0% | 99.9% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $3.00 | $0.00 | $0.00 | — | — |
| SG&A | $40.06M | $62.67M | $103.62M | $130.15M | $171.49M | $237.34M | $235.56M | $232.08M | $209.34M | $200.24M | $250.36M | $224.12M | $329.87M | $271.77M | $222.19M | $61.98M | $50.03M | $42.96M | $40.95M | $48.08M |
| Operating income | $156.52M | $2.35B | $2.32B | $2.58B | $1.73B | $2.32B | $2.60B | $4.40B | $-300.51M | $958.36M | $1.48B | $1.58B | $154.57M | $610.95M | $-19.08M | $2.93B | $3.12B | $-1.60B | $5.62B | $6.87B |
| Operating margin | 12.5% | 97.3% | 73.4% | 109.9% | 77.9% | 76.4% | 88.8% | 185.1% | -31.8% | 69.1% | 74.3% | 67.0% | 7.4% | 33.7% | -1.3% | 389.8% | 75.2% | 96.8% | 88.4% | 102.6% |
| EBITDA | $1.16B | $4.28B | $4.15B | $3.85B | $2.90B | $1.37B | $2.44B | $4.37B | $-319.70M | $955.36M | $2.12B | $2.61B | $1.97B | $634.65M | $3.62M | $2.67B | $3.10B | $-1.60B | $5.65B | $6.87B |
| EBITDA margin | 92.3% | 176.9% | 131.2% | 164.1% | 130.5% | 44.9% | 83.4% | 183.8% | -33.9% | 68.9% | 106.6% | 111.1% | 94.6% | 35.0% | 0.2% | 356.0% | 74.8% | 96.8% | 88.9% | 102.6% |
| EBIT | $1.16B | $4.28B | $4.15B | $3.84B | $2.89B | $1.36B | $2.44B | $4.36B | $-324.30M | $935.39M | $2.09B | $2.58B | $1.95B | $610.95M | $-19.08M | $2.65B | $3.08B | $-1.60B | $5.62B | $6.87B |
| Interest expense | $1.06B | $1.93B | $1.89B | $1.30B | $1.19B | $480.33M | $667.17M | $624.71M | $512.66M | $471.60M | $657.75M | $1.01B | $1.90B | $2.78B | $899.11M | $249.24M | $1.31B | $3.84B | $4.59B | $4.82B |
| Income tax | $7.54M | $8.87M | $25.98M | $34.38M | $35.43M | $59.05M | $35.91M | $8.21M | $5.33M | $-1.95M | $-1.59M | $6.98M | $-2.38M | $-10.84M | $-28.42M | $4.67M | $45.57M | $44.15M | $15.26M | $-6.87M |
| Effective tax rate | 7.4% | 2.1% | 7.0% | 1.7% | 2.7% | 14.6% | 2.0% | 0.2% | -0.6% | -0.4% | -0.1% | 0.4% | -4.6% | 0.5% | 3.1% | 0.2% | 2.6% | -2.8% | 1.5% | -0.3% |
| Net income | $93.82M | $414.38M | $346.18M | $1.96B | $1.27B | $344.46M | $1.74B | $3.73B | $-842.08M | $466.56M | $1.43B | $1.57B | $54.41M | $-2.16B | $-891.16M | $2.39B | $1.73B | $-1.64B | $1.00B | $2.03B |
| Net income growth (YoY) | — | +341.7% | -16.5% | +466.6% | -35.4% | -72.8% | +403.9% | +114.9% | -122.6% | +155.4% | +207.3% | +9.5% | -96.5% | -4075.3% | +58.8% | +368.2% | -27.8% | -195.2% | +161.0% | +102.3% |
| Profit margin | 7.5% | 17.1% | 10.9% | 83.7% | 57.1% | 11.3% | 59.3% | 157.0% | -89.2% | 33.6% | 72.0% | 66.8% | 2.6% | -119.2% | -60.0% | 318.1% | 41.6% | 99.5% | 15.8% | 30.3% |