Dynex Capital, Inc.
DXReal EstateNASDAQREIT - Mortgage · Last scanned Jun 3, 2026
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Daily timeframeDynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. The $2.77B market capitalization puts DX squarely in mid-cap range for its industry. Agency MBS have a guaranty of principal payment by an agency of the U.S.
Market Cap
$2.77B
Beta
0.95
P/E (TTM)
6.07
P/E (Fwd)
8.47
EPS (TTM)
$2.12
EPS (Fwd)
$1.52
ROE
11.8%
ROA
1.5%
Cash
$773.8M
Total Debt
$21.06B
Free CF
—
52W Change
6.7%
Annual Financials
Cash vs Debt
On the balance sheet, DX has $773.8M in cash with $21.06B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. ROE of 11.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $177.0M (2022) to $372.1M (2025), reflecting a 110% increase over the period.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Dynex Capital, Inc.'s trajectory.