Dynex Capital (DX) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Dynex Capital had a P/E ratio of 6.66 (down from 9.45), return on equity of 17.5% (up from 11.1%), debt-to-equity of 5.65 (up from 5.56) and a current ratio of 0.07 (down from 0.10). A current ratio of 0.07 means current liabilities exceed current assets. Its dividend yield was 16.24% with a payout ratio of 77.3%.

Dynex Capital Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	6.66	9.45	-	4.35	6.74	2.58
Forward P/E	11.36	14.62	13.11	15.32	9.03	9.14
P/S Ratio	5.53	6.67	26.51	3.33	4.80	2.06
P/B Ratio	0.83	0.85	0.81	0.65	0.79	0.65
Price/Tangible Book	0.87	0.93	0.93	0.74	0.92	0.90
Price/OCF	17.02	69.70	11.40	4.67	4.17	2.37
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	17.50%	11.08%	-0.69%	17.12%	14.56%	29.19%
Return on Assets (ROA)	2.50%	1.57%	-0.12%	3.95%	3.04%	4.19%
Leverage & Solvency Ratios
Debt/Equity	5.65	5.56	6.18	2.96	3.69	3.85
Liquidity Ratios
Current Ratio	0.07	0.10	0.06	0.18	0.16	0.20
Quick Ratio	0.04	0.06	0.04	0.14	0.14	0.20
Efficiency Ratios
Asset Turnover	0.03	0.02	0.01	0.05	0.04	0.05
Yield & Distribution Ratios
Earnings Yield	15.51%	11.35%	-0.86%	24.28%	16.69%	43.09%
Dividend Yield	16.24%	16.61%	18.64%	20.86%	17.65%	17.09%
Payout Ratio	77.29%	103.47%	-	50.55%	57.59%	29.54%
Buyback Yield	-75.51%	-30.01%	-28.23%	-30.47%	-41.79%	2.18%
Total Return	-59.27%	-13.40%	-9.59%	-9.61%	-24.14%	19.26%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Dynex Capital Financial Ratios

What is Dynex Capital's P/E ratio?

Dynex Capital's P/E ratio was 6.66 for fiscal 2025 (period ended Dec 31, 2025). It was 9.45 a year earlier.

What is Dynex Capital's return on equity?

Dynex Capital's return on equity (ROE) was 17.5% for fiscal 2025 (period ended Dec 31, 2025). It was 11.1% a year earlier.

What is Dynex Capital's debt-to-equity ratio?

Dynex Capital's debt-to-equity ratio was 5.65 for fiscal 2025 (period ended Dec 31, 2025). It was 5.56 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition