vs

Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) 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 $41.2M, roughly 1.1× CTO Realty Growth, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 15.0%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 19.5%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.1× larger
DX
$43.5M
$41.2M
CTO
Growing faster (revenue YoY)
DX
DX
+516.3% gap
DX
531.3%
15.0%
CTO
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
19.5%
CTO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
DX
DX
Revenue
$41.2M
$43.5M
Net Profit
$6.2M
Gross Margin
Operating Margin
175.0%
Net Margin
15.1%
Revenue YoY
15.0%
531.3%
Net Profit YoY
174.4%
EPS (diluted)
$0.13
$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
CTO
CTO
DX
DX
Q1 26
$41.2M
Q4 25
$38.3M
$43.5M
Q3 25
$37.8M
$30.6M
Q2 25
$37.6M
$23.1M
Q1 25
$35.8M
$17.1M
Q4 24
$35.7M
Q3 24
$31.8M
Q2 24
$28.8M
Net Profit
CTO
CTO
DX
DX
Q1 26
$6.2M
Q4 25
$28.3M
Q3 25
$2.9M
$150.4M
Q2 25
$-23.4M
$-13.6M
Q1 25
$2.3M
$-3.1M
Q4 24
$-15.2M
Q3 24
$6.2M
Q2 24
$1.2M
Gross Margin
CTO
CTO
DX
DX
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
Operating Margin
CTO
CTO
DX
DX
Q1 26
175.0%
Q4 25
75.1%
Q3 25
26.6%
Q2 25
-33.7%
Q1 25
22.0%
Q4 24
-20.4%
Q3 24
15.6%
Q2 24
18.8%
Net Margin
CTO
CTO
DX
DX
Q1 26
15.1%
Q4 25
73.9%
Q3 25
7.7%
491.3%
Q2 25
-62.2%
-58.8%
Q1 25
6.3%
-18.0%
Q4 24
-42.6%
Q3 24
19.6%
Q2 24
4.1%
EPS (diluted)
CTO
CTO
DX
DX
Q1 26
$0.13
Q4 25
$0.81
$1.59
Q3 25
$0.03
$1.08
Q2 25
$-0.77
$-0.14
Q1 25
$0.01
$-0.06
Q4 24
$-0.69
Q3 24
$0.17
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
DX
DX
Cash + ST InvestmentsLiquidity on hand
$8.3M
$531.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$2.5B
Total Assets
$1.3B
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
DX
DX
Q1 26
$8.3M
Q4 25
$6.5M
$531.0M
Q3 25
$9.3M
$491.0M
Q2 25
$8.6M
$387.5M
Q1 25
$8.4M
$327.4M
Q4 24
$9.0M
Q3 24
$8.2M
Q2 24
$4.8M
Total Debt
CTO
CTO
DX
DX
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
DX
DX
Q1 26
$575.4M
Q4 25
$567.3M
$2.5B
Q3 25
$557.3M
$2.0B
Q2 25
$574.1M
$1.6B
Q1 25
$593.9M
$1.4B
Q4 24
$612.8M
Q3 24
$595.8M
Q2 24
$491.8M
Total Assets
CTO
CTO
DX
DX
Q1 26
$1.3B
Q4 25
$1.3B
$17.3B
Q3 25
$1.2B
$14.2B
Q2 25
$1.2B
$11.3B
Q1 25
$1.2B
$9.0B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.0B
Debt / Equity
CTO
CTO
DX
DX
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
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
CTO
CTO
DX
DX
Q1 26
Q4 25
$64.6M
$120.8M
Q3 25
$25.5M
$68.3M
Q2 25
$21.9M
$31.9M
Q1 25
$10.3M
$6.4M
Q4 24
$59.9M
Q3 24
$21.2M
Q2 24
$12.9M
Cash Conversion
CTO
CTO
DX
DX
Q1 26
Q4 25
2.28×
Q3 25
8.75×
0.45×
Q2 25
Q1 25
4.56×
Q4 24
Q3 24
3.40×
Q2 24
10.89×

Financial Flow Comparison

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

Related Comparisons