Annaly Capital Management (NLY) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Annaly Capital Management had a P/E ratio of 8.17 (down from 12.11), return on equity of 14.2% (up from 8.4%), debt-to-equity of 7.20 (up from 7.06) and a current ratio of 0.46 (up from 0.44). A current ratio of 0.46 means current liabilities exceed current assets. Its dividend yield was 13.90% with a payout ratio of 92.8%.

Annaly Capital Management 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	8.17	12.11	-	6.11	4.97	-
Forward P/E	7.59	6.70	7.38	6.13	7.52	7.76
P/S Ratio	6.41	7.84	-7.32	4.93	3.94	-17.65
P/B Ratio	0.94	0.81	0.85	0.87	0.86	0.84
Price/Tangible Book	1.07	0.93	1.00	1.01	0.98	0.96
Price/FCF	22.04	3.10	4.09	1.84	3.69	22.38
Price/OCF	22.04	3.10	4.09	1.84	3.69	22.38
PEG Ratio	6.91	2.69	2.69	2.69	2.69	7.61
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	14.22%	8.42%	-14.43%	14.06%	17.61%	-5.97%
Return on Assets (ROA)	1.72%	1.03%	-1.87%	2.18%	2.90%	-0.81%
Return on Invested Capital (ROIC)	1.81%	1.12%	-1.80%	2.27%	3.29%	-
Leverage & Solvency Ratios
Debt/Equity	7.20	7.06	6.86	6.03	4.76	5.20
Debt/FCF	167.81	27.08	32.88	12.75	20.40	138.07
Liquidity Ratios
Current Ratio	0.46	0.44	0.31	0.23	0.23	0.20
Quick Ratio	0.44	0.42	0.29	0.20	0.20	0.18
Efficiency Ratios
Asset Turnover	0.02	0.01	-	0.03	0.04	-
Yield & Distribution Ratios
Earnings Yield	13.27%	9.77%	-16.96%	17.49%	21.08%	-7.54%
FCF Yield	4.54%	32.27%	24.44%	54.47%	27.13%	4.47%
Dividend Yield	13.90%	18.06%	19.52%	27.73%	21.80%	20.82%
Payout Ratio	92.85%	149.08%	-	88.06%	56.90%	-
Buyback Yield	-22.63%	-5.70%	-20.14%	-15.25%	-0.98%	1.41%
Total Return	-8.73%	12.36%	-0.62%	12.48%	20.81%	22.23%

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

Frequently Asked Questions About Annaly Capital Management Financial Ratios

What is Annaly Capital Management's P/E ratio?

Annaly Capital Management's P/E ratio was 8.17 for fiscal 2025 (period ended Dec 31, 2025). It was 12.11 a year earlier.

What is Annaly Capital Management's return on equity?

Annaly Capital Management's return on equity (ROE) was 14.2% for fiscal 2025 (period ended Dec 31, 2025). It was 8.4% a year earlier.

What is Annaly Capital Management's debt-to-equity ratio?

Annaly Capital Management's debt-to-equity ratio was 7.20 for fiscal 2025 (period ended Dec 31, 2025). It was 7.06 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