vs

Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and DYNEX CAPITAL INC (DX). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $29.6M, roughly 1.5× Anika Therapeutics, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 13.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -1.8%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

ANIK vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.5× larger
DX
$43.5M
$29.6M
ANIK
Growing faster (revenue YoY)
DX
DX
+518.1% gap
DX
531.3%
13.2%
ANIK
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-1.8%
ANIK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ANIK
ANIK
DX
DX
Revenue
$29.6M
$43.5M
Net Profit
Gross Margin
64.2%
Operating Margin
17.3%
Net Margin
Revenue YoY
13.2%
531.3%
Net Profit YoY
EPS (diluted)
$0.27
$1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANIK
ANIK
DX
DX
Q1 26
$29.6M
Q4 25
$30.6M
$43.5M
Q3 25
$27.8M
$30.6M
Q2 25
$28.2M
$23.1M
Q1 25
$26.2M
$17.1M
Q4 24
$30.6M
Q3 24
$29.6M
Q2 24
$30.7M
Net Profit
ANIK
ANIK
DX
DX
Q1 26
Q4 25
$292.0K
Q3 25
$-2.3M
$150.4M
Q2 25
$-4.0M
$-13.6M
Q1 25
$-4.9M
$-3.1M
Q4 24
$-21.9M
Q3 24
$-29.9M
Q2 24
$-88.0K
Gross Margin
ANIK
ANIK
DX
DX
Q1 26
64.2%
Q4 25
62.6%
Q3 25
56.0%
Q2 25
50.9%
Q1 25
56.1%
Q4 24
56.0%
Q3 24
65.7%
Q2 24
66.7%
Operating Margin
ANIK
ANIK
DX
DX
Q1 26
17.3%
Q4 25
2.1%
Q3 25
-11.6%
Q2 25
-14.8%
Q1 25
-16.4%
Q4 24
-2.3%
Q3 24
-0.3%
Q2 24
-5.9%
Net Margin
ANIK
ANIK
DX
DX
Q1 26
Q4 25
1.0%
Q3 25
-8.4%
491.3%
Q2 25
-14.1%
-58.8%
Q1 25
-18.6%
-18.0%
Q4 24
-71.4%
Q3 24
-101.2%
Q2 24
-0.3%
EPS (diluted)
ANIK
ANIK
DX
DX
Q1 26
$0.27
Q4 25
$0.02
$1.59
Q3 25
$-0.16
$1.08
Q2 25
$-0.28
$-0.14
Q1 25
$-0.34
$-0.06
Q4 24
$-1.49
Q3 24
$-2.03
Q2 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANIK
ANIK
DX
DX
Cash + ST InvestmentsLiquidity on hand
$41.0M
$531.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$133.9M
$2.5B
Total Assets
$179.4M
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIK
ANIK
DX
DX
Q1 26
$41.0M
Q4 25
$81.2M
$531.0M
Q3 25
$80.2M
$491.0M
Q2 25
$77.1M
$387.5M
Q1 25
$75.4M
$327.4M
Q4 24
$79.2M
Q3 24
$90.7M
Q2 24
$96.6M
Stockholders' Equity
ANIK
ANIK
DX
DX
Q1 26
$133.9M
Q4 25
$143.5M
$2.5B
Q3 25
$146.8M
$2.0B
Q2 25
$147.7M
$1.6B
Q1 25
$148.4M
$1.4B
Q4 24
$154.0M
Q3 24
$179.9M
Q2 24
$210.3M
Total Assets
ANIK
ANIK
DX
DX
Q1 26
$179.4M
Q4 25
$190.3M
$17.3B
Q3 25
$189.4M
$14.2B
Q2 25
$187.7M
$11.3B
Q1 25
$190.6M
$9.0B
Q4 24
$202.7M
Q3 24
$231.4M
Q2 24
$262.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANIK
ANIK
DX
DX
Operating Cash FlowLast quarter
$120.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIK
ANIK
DX
DX
Q1 26
Q4 25
$4.6M
$120.8M
Q3 25
$6.9M
$68.3M
Q2 25
$-189.0K
$31.9M
Q1 25
$-130.0K
$6.4M
Q4 24
$1.6M
Q3 24
$5.0M
Q2 24
$-1.1M
Free Cash Flow
ANIK
ANIK
DX
DX
Q1 26
Q4 25
$4.0M
Q3 25
$5.0M
Q2 25
$-1.7M
Q1 25
$-3.0M
Q4 24
$275.0K
Q3 24
$3.8M
Q2 24
$-4.5M
FCF Margin
ANIK
ANIK
DX
DX
Q1 26
Q4 25
13.0%
Q3 25
17.9%
Q2 25
-5.9%
Q1 25
-11.3%
Q4 24
0.9%
Q3 24
12.9%
Q2 24
-14.6%
Capex Intensity
ANIK
ANIK
DX
DX
Q1 26
Q4 25
2.1%
Q3 25
6.8%
Q2 25
5.2%
Q1 25
10.8%
Q4 24
4.3%
Q3 24
4.1%
Q2 24
11.1%
Cash Conversion
ANIK
ANIK
DX
DX
Q1 26
Q4 25
15.88×
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANIK
ANIK

OEM Channel$17.0M57%
Commercial Channel$12.6M43%

DX
DX

Segment breakdown not available.

Related Comparisons