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NLY stock logo

NLY

Annaly Capital Management, Inc.

$21.37
0.24
 (1.14%)
Exchange:  NYSE
Market Cap:  15.352B
Shares Outstanding:  3.179M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real Estate
Industry:  REIT – Mortgage
   
CEO:  David L. Finkelstein
Full Time Employees:  191
Address: 
1211 Avenue of the Americas
New York City
NY
10036
US
Website:  https://www.annaly.com
Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.

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Revenue Segmentation

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EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/01/29 — 4 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue5,607,8936,355,2756,695,524
Gross Profit5,558,2816,294,5636,690,144
EBITDA2,268,7485,649,6226,871,215
Operating Income2,243,9425,619,2666,868,525
Net Income-1,643,1711,001,9062,027,262

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets93,227,236103,556,384135,609,837.999
Total Liabilities81,882,14590,859,432119,449,927
Total Stockholders Equity11,255,79312,609,24116,090,772
Total Debt13,204,17321,445,494111,859,476
Cash and Cash Equivalents275,850285,1472,037,838

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow2,367,2033,310,659692,911
Capital Expenditure-396,806-863,1170
Free Cash Flow1,970,3972,447,542692,911
Net Income-1,638,4571,011,7682,027,262
Net Change in Cash-164,56675,879549,811

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)2,528,762.971Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)2,612,046.990Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)2,570,404.981Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)2,043,777.105Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)2,111,088.266Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)2,077,432.686Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)1,435,422.907Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)2,376,101.848Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)2,292,454.800Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)0Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)0Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)0Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)2.930Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)3.710Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)2.240Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)1Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)1Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
6.355B  ?P/S
 (TTM)
: 
2.45
?Net Income
 (TTM)
: 
1.002B  ?P/E
 (TTM)
: 
7.79
?Enterprise Value
 (TTM)
: 
126.201B  ?EV/FCF
 (TTM)
: 
-568.06
?Dividend Yield
 (TTM)
: 
0.12  ?Payout Ratio
 (TTM)
: 
0.93
?ROE
 (TTM)
: 
0.14  ?ROIC
 (TTM)
: 
189.38
?Net Debt
 (TTM)
: 
88.146B  ?Debt/Equity
 (TTM)
: 
6.95
?P/B
 (TTM)
: 
0.98  ?Current Ratio
 (TTM)
: 
0.03

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
7.12Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Robust Revenue Performance: Based on the income statement data, NLY has demonstrated consistent revenue generation, which supports its operational stability. This is a critical strength in the real estate investment trust (REIT) sector, where steady income streams are essential for sustaining dividend payouts.
  • High Dividend Yield: The key metrics indicate a strong dividend yield (dividendYieldTTM), appealing to income-focused investors. This positions NLY favorably against competitors in the mortgage REIT industry, where yield is a primary attraction for shareholders.
  • Solid Liquidity Position: The balance sheet data shows a healthy level of cash and cash equivalents alongside a reasonable current ratio (currentRatioTTM), suggesting NLY is well-equipped to manage short-term obligations and maintain financial flexibility.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates NLY intrinsic value between $35.61 – $68.89 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate NLY Intrinsic Value

Common questions about NLY valuation

Is Annaly Capital Management, Inc. (NLY) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Annaly Capital Management, Inc. (NLY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is NLY a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NLY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is NLY’s P/E ratio?

You can see NLY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for NLY?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is NLY a good long-term investment?

Whether NLY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

NLY

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

1.14
MARKETSnap

Trading Metrics:

Open: 20.8   Previous Close: 21.13
Day Low: 20.7   Day High: 21.4
Year Low: 16.6   Year High: 24.52
Price Avg 50: 22.56   Price Avg 200: 21.63
Volume: 6.156M   Average Volume: 7.814M

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NLY full analysis

18/06/2025

Welcome to MARKETSNAP’s SWOT analysis for Annaly Capital Management, or NLY as it’s known on the ticker. If you’re not familiar with this player in the financial space, let me give you the quick rundown. Annaly Capital Management is a real estate investment trust, or REIT, specializing in mortgage-backed securities. They operate in the broader real estate and financial services sector, focusing on generating income through investments in residential and commercial mortgage assets. With a solid market cap and a…

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See in Nexus

Relevant news

NLY Covers Dividend At 1.06x, But Repo Maturity Is Contracting
21-04-2026 09:16
NLY Covers Dividend At 1.06x, But Repo Maturity Is Contracting
Annaly Capital Management (NLY) Outperforms Broader Market: What You Need to Know
15-04-2026 19:16
Annaly Capital Management (NLY) Outperforms Broader Market: What You Need to Know
Aberdeen Group plc Acquires 26,489 Shares of Annaly Capital Management Inc $NLY
10-04-2026 03:08
Aberdeen Group plc Acquires 26,489 Shares of Annaly Capital Management Inc $NLY
Annaly Capital Management, Inc. Announces Dates of First Quarter 2026 Financial Results and Conference Call
07-04-2026 16:15
Annaly Capital Management, Inc. Announces Dates of First Quarter 2026 Financial Results and Conference Call
Annaly Capital Management (NLY) Beats Stock Market Upswing: What Investors Need to Know
02-04-2026 19:15
Annaly Capital Management (NLY) Beats Stock Market Upswing: What Investors Need to Know
Annaly Capital Management Inc (NYSE:NLY) Receives Consensus Rating of “Moderate Buy” from Brokerages
25-03-2026 02:46
Annaly Capital Management Inc (NYSE:NLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

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