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ANNALY CAPITAL MANAGEMENT INC NLY

NYSE · reit · Real Estate Investment Trusts · website · IPO 1997-10-08 · LEI

ANNALY CAPITAL MANAGEMENT INC statistics & valuation

Market cap$17.0B
P / E8.4×
P / B1.0×
Dividend yield11.10%
Return on equity12.5%
Graham number +88%$38.75

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($38.75); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
11.40% 10.60% 0.40% -13.70% -6.40% 18.10% 15.20% -14.50% 7.90% 12.50% 2016201720182019202020212022202320242025
Shares outstanding
1.02B 1.16B 1.31B 1.43B 1.40B 364.9M 468.3M 500.1M 578.4M 707.0M 2016201720182019202020212022202320242025
Net debt ($)
-$1.22B -$394.1M -$1.36B -$814.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.60% 1.50% 0.10% -1.70% -1.00% 3.10% 2.10% -1.80% 1.00% 1.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.03× 0.02× 0.03× 0.03× 2016201720182019202020212022202320242025
EPS ($)
$1.39 $1.37 -$0.06 -$1.60 -$2.92 $6.39 $3.92 -$3.61 $1.62 $2.92 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ANNALY CAPITAL MANAGEMENT INC trades at about 7.1× earnings — below its 10-year norm (10-year range 4.9×–182.1×, median 29.4×).

4.9× 182.1×

Shaded band = 10-year range (4.9×–182.1×); dot = today's 7.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.5%1.0%-1.8%2.1%3.1%-1.0%-1.7%0.1%1.5%1.6%
Return on equity12.5%7.9%-14.5%15.2%18.1%-6.4%-13.7%0.4%10.6%11.4%
Debt / equity—————0.03×0.03×—0.02×0.03×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.