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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $43.5M, roughly 1.3× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 20.5%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 7.5%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
DX vs GHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $56.7M |
| Net Profit | — | $2.8M |
| Gross Margin | — | 23.8% |
| Operating Margin | — | 5.5% |
| Net Margin | — | 5.0% |
| Revenue YoY | 531.3% | 20.5% |
| Net Profit YoY | — | 79.2% |
| EPS (diluted) | $1.59 | $0.25 |
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.
| Q4 25 | $43.5M | $56.7M | ||
| Q3 25 | $30.6M | $66.0M | ||
| Q2 25 | $23.1M | $55.5M | ||
| Q1 25 | $17.1M | $59.3M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $53.6M | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | $-3.2M | $49.1M |
| Q4 25 | — | $2.8M | ||
| Q3 25 | $150.4M | $3.1M | ||
| Q2 25 | $-13.6M | $4.6M | ||
| Q1 25 | $-3.1M | $4.4M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | $40.1M | $1.3M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 24.8% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | 491.3% | 4.7% | ||
| Q2 25 | -58.8% | 8.3% | ||
| Q1 25 | -18.0% | 7.4% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | -1256.8% | 2.7% |
| Q4 25 | $1.59 | $0.25 | ||
| Q3 25 | $1.08 | $0.28 | ||
| Q2 25 | $-0.14 | $0.42 | ||
| Q1 25 | $-0.06 | $0.40 | ||
| Q4 24 | — | $0.14 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | — | $0.27 | ||
| Q1 24 | $0.64 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $131.3M |
| Total Assets | $17.3B | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $22.3M | ||
| Q3 25 | $491.0M | $20.6M | ||
| Q2 25 | $387.5M | $10.8M | ||
| Q1 25 | $327.4M | $21.6M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $21.6M | ||
| Q1 24 | $295.7M | $16.9M |
| Q4 25 | $2.5B | $131.3M | ||
| Q3 25 | $2.0B | $127.6M | ||
| Q2 25 | $1.6B | $123.4M | ||
| Q1 25 | $1.4B | $119.6M | ||
| Q4 24 | — | $114.4M | ||
| Q3 24 | — | $112.5M | ||
| Q2 24 | — | $108.2M | ||
| Q1 24 | $958.5M | $105.6M |
| Q4 25 | $17.3B | $292.9M | ||
| Q3 25 | $14.2B | $287.0M | ||
| Q2 25 | $11.3B | $252.3M | ||
| Q1 25 | $9.0B | $264.1M | ||
| Q4 24 | — | $264.3M | ||
| Q3 24 | — | $249.5M | ||
| Q2 24 | — | $244.2M | ||
| Q1 24 | $6.3B | $233.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $4.8M |
| Free Cash FlowOCF − Capex | — | $2.4M |
| FCF MarginFCF / Revenue | — | 4.3% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $4.8M | ||
| Q3 25 | $68.3M | $13.6M | ||
| Q2 25 | $31.9M | $-2.3M | ||
| Q1 25 | $6.4M | $-3.6M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | — | $13.9M | ||
| Q2 24 | — | $8.7M | ||
| Q1 24 | $-17.1M | $8.6M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | — | $-2.1M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | -16.7% | ||
| Q1 25 | — | -14.7% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | 0.45× | 4.40× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | — | 2.94× | ||
| Q1 24 | -0.43× | 6.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
